BTB Real Estate Investment Trust BTBIF

Primary Symbol: T.BTB.DB.H Alternate Symbol(s): 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 > BTB REIT Announces the Acquisition of an Industrial Property

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Post by hawk35on May 03, 2023 6:19pm

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Post# 35428704

BTB REIT Announces the Acquisition of an Industrial Property

Whats great about this acquisition is that the seller of the property accepted 550,000 units valued at $4.50 each. Considering the current share price is $3.17, this suggests the seller has a lot of confidence in BTB's future.

MONTRAL, May 3, 2023 /CNW/ - BTB Real Estate Investment Trust (TSX: BTB.UN) ("BTB " or the " REIT") announces the acquisition of an industrial property located at 8810 48 Avenue NW, in Edmonton, Alberta.

The purchase price for this property totals 7.35 million dollars, excluding transaction fees and adjustments. To conclude this acquisition, BTB will issue 550,000 units to the seller at a price of $4.50 per unit and the balance of the purchase price will be funded via a mortgage in the property.

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