Brief: Morguard North American Residential REIT, Morguard Corp complete acquisition of U.S. multi-suite residential property

Morguard

18/08/2017 16:47

Aug 18 (Reuters) - Morguard North American Residential Real 
Estate Investment Trust  MRG_u.TO  :  
    * Morguard North American Residential REIT and Morguard 
Corporation complete acquisition of prominent U.S. multi-suite 
residential property 
    * Morguard North American Residential Real Estate Investment 
Trust- Acquisition of Fenestra apartment community for a 
purchase price of $163.1 million 
    * Morguard North American Residential - Concurrent with 
deal, financing of $70.95 million, with fixed term of 10 years, 
interest rate of 3.55%, was completed 
    * Morguard North American Residential - Co, Morguard Corp 
will own property on a 50/50 joint venture basis 
 
Source text for Eikon:  ID:nCNWM54xPa  
Further company coverage:  MRG_u.TO  
 
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