An unknown buyer acquired Seven Properties Portfolio in Sault Ste Marie, Ontario from InterRent Real Estate Investment Trust (TSX:IIP.UN) for CAD 35.3 million.
January 17, 2019
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An unknown buyer acquired Seven Properties Portfolio in Sault Ste Marie, Ontario from InterRent Real Estate Investment Trust (TSX:IIP.UN) for CAD 35.3 million on January 17, 2019. The seven properties are located at 250 Albert St E, 62 & 76 Allard St, 721 & 731 Pine, 602 & 614 MacDonald, 43, 47 & 55 Lewis Road, 136 Cambridge Place, 519 Boundary Road, and 17 Terry Fox Place.
An unknown buyer completed the acquisition of Seven Properties Portfolio in Sault Ste Marie, Ontario from InterRent Real Estate Investment Trust (TSX:IIP.UN) on January 17, 2019.
InterRent Real Estate Investment Trust is a real estate investment trust. It is engaged in acquisition, ownership, management and repositioning of strategically located, income-producing, multi-residential properties. Its primary objectives are to grow both funds from operations per Unit and net asset value per Unit through investments in a diversified portfolio of multi-residential properties; to provide Unitholders with sustainable and growing cash distributions, payable monthly, and to maintain a conservative payout ratio and balance sheet. The Company's portfolio of properties is located across various locations, such as Ajax, Brossard, Gatineau, Hamilton, Mississauga, Montreal, Oakville, Ottawa, St. Catharines, Stratford, Toronto, Trenton, and Vancouver. Its properties include 10 - 14 REID DRIVE, 100 MAIN STREET, 1015 ORCHARD, 1170 FENNELL AVENUE, 1276 DORCHESTER AVENUE, and 15 DON STREET. It also owns a 605-suite apartment community at 2 & 4 Hanover Road in Brampton, Ontario.
An unknown buyer acquired Seven Properties Portfolio in Sault Ste Marie, Ontario from InterRent Real Estate Investment Trust (TSX: IIP.UN) for CAD 35.3 million.
INTERRENT REAL ESTATE INVESTMENT TRUST 
