The former president of Boardwalk REIT and current CEO of Nexus Industrial REIT are among a group of investors who will spend the equivalent of $87.5 million in cash and shares to purchase three Class A multifamily properties in Calgary with 149 units.
Westcliff has acquired the 784,372-square-foot Champlain Place shopping centre in Dieppe, just outside Moncton, as former owner Cadillac Fairview continues divesting major retail properties in a realignment of its investment allocations.
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