Automotive Properties REIT Agrees to Acquire Mazda Dealership Property in Montreal for $8.0 million
(WorldNews Canada)

/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/ TORONTO, Dec. 11, 2017/CNW/ - Automotive Properties Real Estate Investment Trust (TSX: APR.UN) (the `REIT`) today announced that it has entered into an agreement to purchase the Mazda des Sources automotive dealership property in suburban Montreal, Quebec(the `Property`) for a purchase price of approximately $8.0 million. The addition of the Property is expected to be accretive to the REIT`s Adjusted Funds from Operations (`AFFO`) on a per unit basis. The Property includes a newly-built 16,700 square-foot, full-service Mazda dealership facility located on approximately 1.7 acres at 2345 Place...