Crombie Real Estate Investment Trust T.CRR.UN

Alternate Symbol(s): CROMF

Crombie Real Estate Investment Trust is a Canada-based open-ended real estate investment trust. The principal business of the Company is investing in income-producing retail, retail-related industrial, mixed-use, and office properties in Canada. Its portfolio primarily includes grocery-anchored retail, retail-related industrial, and mixed-used residential properties in Canada's urban and suburban markets. Its portfolio includes 294 properties comprising approximately 18.7 million square feet. The Company’s properties include 1809 Barrington; Aberdeen Business Centre; Acadia Avenue; Amherst Centre; Amherst Plaza; Antigonish Sobeys; Blink Bonnie Plaza; Brunswick Place; Causeway Shopping Centre Sobeys; Cogswell Tower; County Fair Mall; Dartmouth Crossing Cineplex Cinemas; Downsview Mall and Downsview Plaza; Duke Tower; Elmsdale Shopping Centre; Fall River Plaza; Forest Hills; New Waterford, Plummer Ave; New Waterford, Emerald Street, and others.

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Crombie Real Estate Investment Trust

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Post by Betteryear2on Jan 31, 2022 8:31am

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Post# 34377682

CLOSING OF $200 MILLION EQUITY FINANCING

/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/

NEW GLASGOW, NS, Jan. 31, 2022 /CNW/ - Crombie Real Estate Investment Trust ("Crombie" or the "REIT") (TSX: CRR.UN) announced today that it has closed its previously announced offering, on a bought-deal basis, of $117 million of trust units (the "Units") at a price of $17.45 per Unit to a syndicate of underwriters co-led by Scotiabank and BMO Capital Markets.