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Category: Commercial

Drop in valuations results in $499M Q4 net loss for Allied

Steve McLean Commercial REITs Toronto / GTA Feb. 5 2024

Allied Properties REIT (AP-UN-T) suffered a $499.34-million net loss in its fourth quarter ended Dec. 31, in large part due to a $425-million decline in rental property valuations in Toronto, Montreal, Calgary and Vancouver.

Forum creates $200M fund; acquires stake in Make Space storage

Danny Kucharsky Commercial Transactions Atlantic Canada Feb. 5 2024

Forum Asset Management has merged with B.C.-based Make Space to create a $200-million Forum Make Space Storage Fund. The Toronto investor has also acquired two office buildings in Fredericton for $39 million

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