RioCan Buys 5 Toronto-Area Malls For $90M
The REIT said it would assume a 100 percent stake in the five grocery-anchored properties, which have a combined 360,000 square feet of retail space. It will acquire the portfolio via a $74.8 million equity issuance and the assumption of $15.1 million in debt financing for the properties, according to a statement.
The transaction is expected to be...
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