RioCan Real Estate Investment Trust, which cut its distribution by a third in the past month, is selling air rights over developments in Toronto and Calgary in a move to raise $45.4 million.
RioCan Sells Off Portion of Air Rights at Developments in Toronto, Calgary
Toronto-based REIT to Raise $45.4 Million After Cutting Dividend by a Third
By Garry Marr
CoStar News
December 24, 2020 | 4:55 P.M.
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IN THIS ARTICLE
- Properties
- Arris West
530 3 St, Calgary, AB
- The Well
8 Spadina Ave, Toronto, ON
- Companies
- RioCan Real Estate Investment Trust
Real Estate
- Bosa Development
Construction
- Woodbourne Canada Management Inc
Real Estate