UPDATED: First Capital REIT (FCR-UN-T) says it has agreements to divest an additional $116 million of properties, including interests in two Greater Toronto Area development sites, an office building, as well as a Greater Vancouver apartment property.
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.
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