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US Property Purchase Makes Granite a Walmart E-Commerce Landlord

Toronto REIT Lands Properties That Will Further Reduce Exposure to Initial Sponsor Magna International
CoStar News
February 7, 2019 | 7:41 P.M.

Toronto-based Granite Real Estate Investment Trust is expanding its industrial holdings in the United States with deals valued at US$173.3 million for three properties that will further reduce its dependence on its largest tenant, Magna International, the Canadian global automotive parts supplier that was the REIT’s original sponsor.

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News | US Property Purchase Makes Granite a Walmart E-Commerce Landlord