Allied acquires properties in Canada

Allied Properties REIT has acquired or entered into firm agreements to acquire a series of commercial and residential properties in Calgary, Vancouver and Toronto for a total of $94 million. The properties are; a 50 percent interest in the Sherwin Block at 738 11th Ave. SW, in Calgary; 2233 Columbia St. in Vancouver; 1050 Homer […]

Allied completed a successful 2018

Allied Properties Real Estate Investment Trust (AP-UN-T) completed a successful 2018 with the acquisition of six strategic in fill properties for $125 million at the end of the year. The Vancouver acquisitions not only fit into Allied’s in-fill strategy, but give it scale in that key Western market. The company is particularly delighted to have […]

3 Canadian REITs that could land on top in 2019

As the U.S Federal Reserve and Bank of Canada tighten monetary policy, rising interest rates impact some industries more than others. Real estate is one such industry that is ğarticulary sensitive to changes in interest rates. Because real estate purchases often involve a great deal of leverage, in the form of mortgages. REITs that utilize […]