Pro Real Estate Investment Trust (PRVFF)
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CNW GroupPROREIT ANNOUNCES SEPTEMBER 2024 DISTRIBUTION
PRO Real Estate Investment Trust ("PROREIT" or the "REIT") (TSX: PRV.UN) announced today that a cash distribution of $0.0375 per trust unit of the REIT for the month of September 2024 ($0.45 on an annualized basis) will be payable on October 15, 2024 to unitholders of record as at September 30, 2024.
CNW GroupPROREIT COMPLETES ACQUISITION OF ONE INDUSTRIAL BUILDING FOR $32.6 MILLION AND SALE OF TWO NON-CORE OFFICE PROPERTIES FOR $26.6 MILLION
PRO Real Estate Investment Trust ("PROREIT" or the "REIT") (TSXV: PRV.UN) today announced the completion of its previously announced acquisition of an industrial building in Dorval, Québec, for a total purchase price of $32.6 million (excluding closing costs). Additionally, PROREIT completed its previously announced sale of two legacy office properties for gross proceeds of $26.6 million.
CNW GroupPROREIT ANNOUNCES AGREEMENT TO ACQUIRE INDUSTRIAL BUILDING IN MONTRÉAL FOR $32.6 MILLION
PRO Real Estate Investment Trust ("PROREIT" or the "REIT") (TSXV: PRV.UN) is pleased to announce that it has entered into a binding agreement to acquire a 100% interest in a strategically located industrial building in Dorval, a suburb of Montréal, Québec, adjacent to Montréal-Trudeau International Airport, for a total purchase price of $32.6 million (excluding closing costs), representing a going-in capitalization rate of approximately 6.7%.
