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Choice Properties Real Estate Investment Trust Completes $426M Portfolio Disposition

by benzinga.com posted 2months ago 14 views
TORONTO, Sept. 30, 2019 /CNW/ - Choice Properties Real Estate Investment Trust ("Choice Properties" or the "Trust") (TSX:CHP) announced today that it has completed its previously announced disposition of a 30 property portfolio (the "Portfolio") for an aggregate sale price of approximately $426 million (the "Transaction") to an affiliate of Oak Street Real Estate Capital LLC. The unencumbered Portfolio consists of 27 stand-alone retail properties and 3 distribution centres with an average lease term of approximately twelve years with Loblaw Companies Limited.

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