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TORONTO and MONTREAL, Aug. 12, 2021 (GLOBE NEWSWIRE) Nexus Real Estate Investment Trust (the “REIT”) (TSX: NXR.UN) announced today its results for the… ....
Nexus REIT Completes $44MM Acquisition of Industrial Properties leaderpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from leaderpost.com Daily Mail and Mail on Sunday newspapers.
Nexus REIT Completes $44MM Acquisition of Industrial globenewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from globenewswire.com Daily Mail and Mail on Sunday newspapers.
Nexus REIT Waives Purchase Conditions to Acquire $44.8MM of Industrial Properties Nexus Real Estate Investment Trust Oakville, Ontario, CANADA French TORONTO and MONTREAL, May 13, 2021 (GLOBE NEWSWIRE) Nexus Real Estate Investment Trust (the REIT ) (TSX: NXR.UN) announced today that it has waived conditions to acquire $44.8MM of industrial properties that it had previously announced entering into conditional contracts to acquire. The REIT has completed due diligence and waived conditions to acquire 3 single-tenant industrial properties under 3 separate purchase and sale agreements. The properties are located in Red Deer, Alberta, St. Thomas, Ontario, and Windsor, Ontario, have gross leasable areas of approximately 155,000 square feet, 130,000 square feet and 120,000 square feet, respectively, and are being acquired for a weighted average capitalization rate of 6.7%. The acquisitions are anticipated to be financed with a combination ....
Share: TORONTO and MONTREAL, May 13, 2021 (GLOBE NEWSWIRE) Nexus Real Estate Investment Trust (the REIT ) (TSX:NXR) announced today its results for the quarter ended March 31, 2021. Highlights Occupancy of 94% at March 31, 2021 increased from 93% at December 31, 2020 and remained consistent as compared to Q1 2020. Rent collections continue to be strong despite the challenges of COVID-19. Graduated to the Toronto Stock Exchange on February 1, 2021, with a 1 for 4 consolidation of outstanding units. Comparative figures have been restated to reflect the consolidation. Completed a $14MM acquisition of two industrial properties in Edmonton, Alberta on March 1, 2021. Closed a $34.9MM bought deal equity offering on March 4, 2021 with 4,255,000 REIT Units issued (the Offering ), including 555,000 units issued as part of a fully exercised overallotment. The incremental units outstanding following the Offering will negatively impact per unit measures and th ....