Allied Properties Real Estate Investment Trust
TSX : AP.UN

Allied Properties Real Estate Investment Trust

August 17, 2012 15:03 ET

Allied Properties Real Estate Investment Trust Announces Closing of Acquisition of Burns Building in Calgary

TORONTO, ONTARIO--(Marketwire - Aug. 17, 2012) - Allied Properties REIT (TSX:AP.UN) announced today that it has closed the acquisition of a leasehold interest in following property:

Address Total
GLA
Office
GLA
Retail
GLA
Parking
Spaces
Burns Building, Calgary 78,781 69,483 9,298 -

The property is free and clear of mortgage financing and will be carried as a Property Under Development until the planned redevelopment is substantially complete.

Allied Properties REIT is a leading owner, manager and developer of urban office environments that enrich experience and enhance profitability for business tenants operating in Canada's major cities. Its objectives are to provide stable and growing cash distributions to unitholders and to maximize unitholder value through effective management and accretive portfolio growth.

Contact Information

  • Allied Properties REIT
    Michael R. Emory
    President and Chief Executive Officer
    (416) 977-9002
    memory@alliedreit.com