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National

Choice Properties income up, but takes Q2 loss as fair value dips

Steve McLean Residential Shopping Centres National Jul. 25 2022

Choice Properties REIT reported an $11.8-million net loss in Q2 2022, but some positives were also revealed in the July 22 earnings conference call covering the three months ended June 30. Choice (CHP-UN-T) reported six-month net income of $375.2 million,

Pre-construction assets, assignments of interest, and acting in good faith

Daniel Waldman Commercial Buying and Selling National Jul. 25 2022

A decision from the Ontario courts has affirmed two important principles: 1. Pre-construction assets shouldn’t be transferred without the builder’s consent; and 2. When buying and selling real estate assets, never lose sight of the obligation to act in good

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