Allied Properties Real Estate Investment Trust (AP-UN-T) reports it has 10 “non-core” Canadian properties either under contract or in negotiations for sale, and has an additional nine properties for sale in Toronto.
UPDATED: Artis REIT (AX-UN-T) intends to merge with Toronto-based RFA Capital Holdings Inc., creating a public entity known as RFA Financial. Management plans to sell Artis' real estate assets and reinvest the proceeds into sectors offering higher returns.
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