Melcor Developments (MRD-T) has proposed a plan to acquire all the equity interest in Melcor REIT LP (MR.UN-T) which the company does not already own (approximately 45 per cent of the units) for $4.95 per share in cash.
Moody's Ratings downgraded office owner and operator Allied Properties REIT’s (AP-UN-T) senior unsecured debt rating to junk status Tuesday, dropping it one level to Ba1 with a continuing negative outlook due to what the agency considers ongoing high debt levels.
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