Automotive Properties REIT Completes Audi Queensway Property Acquisition
(WorldNews Canada)

/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/ TORONTO, Sept. 19, 2019/CNW/ - Automotive Properties Real Estate Investment Trust (TSX: APR.UN) (the `REIT`) announced today that it has completed the previously-announced $36.5 millionacquisition of the newly constructed Audi Queensway dealership property in Torontofrom the Dilawri Group (`Dilawri`). Under terms of the acquisition agreement, the REIT paid Dilawri $31.5 millionof the total purchase price on closing and will receive monthly lease payments from Dilawri reflecting this purchase price deferral. The remaining $5.0 millionof the purchase price...