RioCan Real Estate Investment Trust T.REI.UN

Alternate Symbol(s): RIOCF

Real Estate REIT - Retail

RioCan Real Estate Investment Trust is a Canada-based real estate investment trust. The Company owns, manages and develops retail-focused, mixed-use properties. Its portfolio includes leasing, development, and residential. The Company’s properties are held by various tenants, such as grocery, pharmacy, liquor, personal services, and specialty and value retailers. Its portfolio comprises approximately 187 properties with an aggregate net leasable area of approximately 33 million square feet. Its properties include 1293 Bloor Street West; 145 Woodbridge Avenue; 1556 Bank Street; 1650 -1660 Carling Avenue; 1860 Bayview; 1946 Robertson Road; 2422 Fairview Street, and others. Its properties for commercial lease, including grocery anchored, open air, mixed-use/urban, and enclosed centers. Its residential brand, RioCan Living, delivers purpose-built rental units and condos. 1293 Bloor Street West is located at the intersection of Lansdowne Ave & Bloor Street in Toronto.

TSX:REI.UN - Post by User

RioCan Real Estate Investment Trust

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Post by stocktalkon Dec 23, 2015 9:24am

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Post# 24407469

RENX Top News Stories 2015

NO. 3 STORY 2015: RioCan cashing out U.S. retail portfolio

2015-12-18 - RioCan REIT (REI.UN-T) is doubling down on Canada by agreeing to sell its U.S. portfolio of 49 retail properties in Texas and the Northeastern U.S. at a total sale price of $2.7 billion to a Blackstone Group fund. The Toronto-based REIT said cashing out its U.S. investment will provide ample capital to fund its recently announced acquisition of Kimco Realty Corp.’s Canadian properties.

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