Canada's largest real estate investment trust has pulled the trigger on a $200 million deal, the first move in a plan to sell $2 billion in assets that will refocus RioCan REIT on six core markets.
Toronto-based RioCan will sell seven retail properties to CT REIT, the real estate arm of Canadian Tire, which is the anchor tenant of the properties being sold. The annualized income from the properties is $12 million, based on the first nine months...
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