Allied Properties Real Estate Investment Trust
TSX : AP.UN

Allied Properties Real Estate Investment Trust

May 07, 2009 09:15 ET

Allied Properties Real Estate Investment Trust Announces Closing of Class I Office Property Acquisition in Toronto

TORONTO, ONTARIO--(Marketwire - May 7, 2009) - Allied Properties REIT (TSX:AP.UN) announced today that it has closed the acquisition of 860 Richmond Street West, Toronto, following the rectification by the vendor of a minor title issue that was a precondition to closing. The acquisition was the final component of a portfolio acquisition announced and otherwise completed in the second quarter of 2008.

Allied Properties REIT is the leading provider of Class I office space in Canada, with portfolio assets in the urban areas of Toronto, Montreal, Winnipeg, Quebec City and Kitchener. 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