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BTB REIT Announces the Acquisition of an Industrial Property Located in Ottawa, Ontario
BTB REIT Announces the Acquisition of an Industrial Property Located in Ottawa, Ontario ...
About this update from Btb Real Estate Investment Trust
[{"type":"text","content":"\n \n \n \n BTB REIT Announces the Acquisition of an Industrial Property Located in Ottawa, Ontario\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen2{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; BORDER-TOP:black 0pt initial; BORDER-RIGHT:black 0pt initial; BORDER-BOTTOM:black 0pt initial; BORDER-LEFT:black 0pt initial\n}\n.prnml4{\nMARGIN-TOP:0em; MARGIN-RIGHT:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE; BORDER-TOP:1pt black; BORDER-RIGHT:1pt black; BORDER-BOTTOM:1pt black; BORDER-LEFT:1pt black\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n MONTRÉAL\n \n ,\n \n \n April 5, 2022\n \n \n /CNW Telbec/ - BTB Real Estate Investment Trust (TSX: BTB.UN) (\"\n \n BTB\n \n \", the \"\n \n REIT\n \n \" or the \"\n \n Trust\n \n \") announces the acquisition of an industrial property located at 1100 Algoma Road in\n \n Ottawa, Ontario\n \n .\n \n \n \n \n \n \n \n \n \n About the acquisition\n \n \n Acquired for the purchase price of\n \n \n $12.5M\n \n \n \n 1\n \n \n \n , Algoma Road is 100% leased to Ontario Medical Supply, a subsidiary of Medical Pharmacies Group. Medical Pharmacies Group Limited operates 25 pharmacies located in medical buildings in\n \n Ontario\n \n . They are the Ontarian leaders in long-term care, including nursing services and retirement communities.\n \n \n Built in 2007, the property houses 46,400 square feet of leasable area and is well located\n \n Saint-Laurent\n \n industrial park. The property is strategically located near Cyrville LRT station, thus facilitating access via public transit.\n \n \n About BTB\n \n \n BTB is a real estate investment trust listed on the Toronto Stock Exchange. BTB is a property owner active in eastern and western\n \n Canada\n \n and considering this acquisition, owns\n \n 74 properties\n \n , representing a total leasable area of approximately\n \n 5.7 million\n \n square feet and a total asset value that surpasses\n \n \n $1.1 billion\n \n \n .\n \n \n BTB offers a distribution reinvestment plan to unitholders whereby the participants may elect to have th...