Parent Capital Corp V.PAR.H

NEWS RELEASE ON REFINANCING!!!!!!!!!!!!!!!!!!!!!

[stockeditor]

V.PAR.UN | 22 hours ago BARRIE, ONTARIO--(Marketwired - Feb. 17, 2015) - Partners Real Estate Investment Trust ("Partners" or the "REIT") (TSX: PAR.UN) is pleased to announce the refinancing of three of the REIT's properties. The three properties are located in Selkirk, Steinbach, and Winnipeg, Manitoba. Each of the properties is a free standing location anchored by a Shoppers Drug Mart. These refinancings will increase the amount of capital available for funding improvements across the REIT's property portfolio, in addition to addressing a maturing mortgage at one of the properties. The refinancings will consist of first mortgages that will amount to an aggregate of $5.6 million, and will provide the REIT with $4.1 million in additional liquidity to fund previously identified capital investments with high expected returns on investment. These first mortgages carry an average weighted interest rate of 2.88% and an average term to maturity of 5.5 years. These financings were all originated by CMLS Financial Ltd. Read more at https://www.stockhouse.com/news/press-releases/2015/02/17/partners-reit-announces-refinancing-of-three-properties#SgVm347fGCISIGo9.99