Allied Properties REIT (TSX:AP.UN) and Riocan Real Estate Investment Trust (TSX:REI.UN) acquired Land at 491 College St. and 289 Palmerston Avenue for CAD 7.7 million on December 20, 2013. No use of mortgage financing was done during the acquisition. Riocan Real Estate paid CAD 3.9 million.

Allied Properties REIT (TSX:AP.UN) and Riocan Real Estate Investment Trust (TSX:REI.UN) completed the acquisition of Land at 491 College St. and 289 Palmerston Avenue on December 20, 2013.