BTB Real Estate Investment Trust T.BTB.DB.H

Alternate Symbol(s): BTBIF | T.BTB.UN

Real Estate REIT - Diversified

BTB Real Estate Investment Trust (the Trust) is a Canada-based real estate investment trust (REIT). The Trust’s primary objective is to maximize total return to unitholders, to generate stable monthly cash distributions that are reliable and fiscally beneficial to unitholders, to grow the Trust’s assets through internal growth and accretive acquisitions, and optimize the value of its assets through dynamic management of its properties to maximize their long-term value. The Trust invests in industrial, off-downtown core office and necessity-based commercial properties across Canada for the benefit of its investors. The Trust owns and manages approximately 75 properties, representing a total leasable area of approximately 6.1 million square feet. The Trust operates through three segments, which include Industrial, Off downtown core office and Necessity-based retail. The Trust’s operations are located in the provinces of Quebec, Ontario, Alberta and Saskatchewan.

TSX:BTB.DB.H - Post by User

BTB Real Estate Investment Trust

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Comment by YellowBrickRoadon Feb 05, 2019 12:37am

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Post# 29318822

RE:Today's News Release

TimeBuilder wrote: FYI: Sorry unable to copy & paste the details but the property was sold for $22.5 mil ...Do not know the original cost ...Hopefully for a BIG profit ...Regards to ALL Investors, TimeBuilder

It looks like this is it:

BTB wrote: Montral (Quebec) (February 2, 2015): BTB Real Estate Investment Trust (TSX: BTB.UN) (“BTB” or the “Trust”) is proud to announce, following the conclusion of a due diligence process, the acquisition of an important shopping centre in a suburb of Montral, more precisely in the city of Delson, Province of Quebec. The purchase price for this property is $21.5 million excluding transaction fees and brings to 73 the number of properties owned by BTB, totaling approximately 5.1 million square feet of leasable area. This acquisition is financed by a $14 million mortgage loan on a 15-year term, bearing interest at 3.55%.