Business News • MarketWire • RioCan Real Estate Investment Trust Provides Update on Recent Acquisition Activities |
RioCan Real Estate Investment Trust Provides Update on Recent Acquisition Activities |
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RioCan Real Estate Investment Trust Provides Update on Recent Acquisition Activities
TORONTO, ONTARIO--(Marketwire - Jan. 12, 2011) - RioCan Real Estate Investment Trust ("RioCan") (TSX:REI.UN) is pleased to provide an update on its ongoing acquisition platform in Canada and the United States. In the fourth quarter of 2010, RioCan has completed the acquisition of four properties in Canada at an aggregate purchase price of $79.2 million with a weighted average cap rate of 7.2%. Also in December 2010, RioCan completed the eight property portfolio acquisition from Inland Western Retail REIT ("Inland Western") included in the announcement dated May 20, 2010 with the closing of the final three assets. The final three properties were acquired at a purchase price of US$62.1 million at a cap rate of approximately 7.7%.
View More : http://www.marketwire.com/mw/release.do?id=1379502&sourceType=3
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