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TORONTO, Jan. 16, 2023 /CNW/ - Automotive Properties Real Estate Investment Trust (TSX: APR.UN) (the "REIT") today announced a cash distribution of $0.067 per REIT unit for the month of January 2023, representing $0.80 per REIT unit on an annualized basis. Payment will be made on February 15, 2023 to unitholders of record as at January 31, 2023.
Automotive Properties REIT is an unincorporated, open-ended real estate investment trust focused on owning ...
Automotive Properties REIT Completes Acquisitions of Six Automotive Dealership Properties in Quebec for an Aggregate Purchase Price of $98.5 Million
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TORONTO, Jan. 4, 2023 /CNW/ - Automotive Properties Real Estate Investment Trust (TSX: APR.UN) ("Automotive Properties REIT" or the "REIT") announced today that it has completed the previously-announced acquisitions of six automotive dealership properties in Quebec (the "Properties") from separate third parties for an aggregate purchase price of approximately $98.5 million. The REIT funded the acquisitions by drawing on its non-revolving and revolving credit facilities, and cash on hand.
The Properties comprise a total ...