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Stocks in play: BTB Real Estate Investment Trust

·1 min read

Announced the disposition of an office property located at 550-560 boulevard Henri-Bourassa Ouest, in Montréal. Located on a major artery in the Ahuntsic neighborhood on the island of Montréal, this property located at 550-560 boulevard Henri-Bourassa was acquired in March 2008 for a purchase price of $4 million, excluding transaction costs. When BTB approved its portfolio repositioning strategy, this property was identified as a potential for disposition since that the property did not meet BTB's asset detention criteria. The occupancy rate of the property, as of today, stands at 58.4 %. BTB disposed of the property for a total consideration of $4.35 million, excluding transaction costs. BTB Real Estate Investment Trust shares T.BTB.UN are trading unchanged at $3.06.

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