Allied Properties Real Estate Investment Trust

Allied Properties Real Estate Investment Trust

January 29, 2015 18:22 ET

Allied Properties Real Estate Investment Trust Announces Closing of Credit Facility

TORONTO, ONTARIO--(Marketwired - Jan. 29, 2015) - Allied Properties REIT ("Allied") (TSX:AP.UN) announced today that it has closed a $200,000,000 unsecured revolving credit facility with a Canadian chartered bank for a term of three years to replace Allied's current $100,000,000 secured credit facility. The credit facility also contains a feature that would allow Allied to increase the facility to up to $300,000,000.

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) 977-0643

    Allied Properties REIT
    Cecilia C. Williams
    Vice President and Chief Financial Officer
    (416) 977-1063