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InterRent REIT says its books remain in good shape after a tumultuous year that saw the overall vacancy rate at the firm’s properties nearly double in the wake of the pandemic. In its 2020 financial filings released this week, the Ottawa-based real estate investment trust said its funds from operations – a key cash-flow metric for REITs – rose nearly 11 per cent last year to $56.7 million.  The company also boosted the size of its portfolio substantially in 2020, acquiring 880 suites as its total inventory surpassed 11,000 units. The additional cash flow from those properties helped bo...

The National Capital Commission says it will reveal this spring which applicants meet its criteria to move on to stage two in its search for a contractor to redevelop a prime parcel of land at LeBreton Flats. The Crown corporation said after its board meeting Thursday it expects to announce in April which candidates will be asked to submit full proposals for the property at 665 Albert St., near the future home of the Ottawa Public Library’s main branch. The project will mark the first stage of the NCC’s long-term plan to rebuild the 55-acre LeBreton Flats site.  The upcoming announcement...