Allied Properties To Buy Assets For $179M

Allied Properties REIT is seeking to acquire eight diverse properties in Calgary, Edmonton and Toronto for $179 million.

Allied Properties REIT is seeking to acquire eight diverse properties in Calgary, Edmonton and Toronto for $179 million, Winnipeg Free Press reports. Five of the assets are located in Calgary, including a hotel, retail space and art gallery. The other three buildings include retail and office space. Separately, the company has struck an agreement with underwriters led by Scotia Capital to issue 3.8 million units worth $90 million.

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