And Some Buying & Selling………

H&R REIT has entered into an agreement to sell 63 U.S. retail properties for approximately $633-million(US), subject to customary closing conditions. The sale includes all of H&R REIT's retail properties in the United States, other than 16 gas stations and convenience stores.  "This transaction follows through on our strategy of narrowing and streamlining our focus, while enhancing the quality and growth profile of our portfolio,” said President, CEO Thomas Hofstedter.  “A significant share of the net proceeds will be used to further grow our Lantower Residential division which, since its inception a little over three years ago, has grown to approximately 15 percent of our real estate assets today." (H&R REIT – 416/635-7520)…………

True North Commercial REIT reports that it has agreed to acquire a 274,085 square foot Class "A" LEED Gold office building at 5775 Yonge St. in Toronto.  The purchase price for the property is approximately $85.15-million(Cdn) and the closing of the acquisition is expected to occur on or about June 6, 2018. With an average remaining lease term of 4.3 years, the property is 92.4 percent occupied, with 74 percent of its revenue generated by government and credit-rated tenants. Situated on 1.23-acres in North Toronto, the building fronts Yonge St. The building has 274,085 square feet of rentable space on 18 storeys with multiple regional transit accessibility, including a direct underground connection to the Finch TTC Subway Station, GO Transit and YRT/VIVA bus terminals. (True North Commercial REIT – 416/234-8444)…..