Canada's largest car dealership real estate investment trust plans to sell a location northeast of Toronto for a 79% premium to its book value in a transaction one analyst said points to additional net value in Automotive Properties Real Estate Investment Trust's portfolio.
Canada's Largest Auto REIT To Sell Property Near Toronto for $54 Million
Price Well Above Book Value As a Rezoning Could Bring Greater Return
By Garry Marr
CoStar News
July 29, 2024 | 8:11 P.M.
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IN THIS ARTICLE
- Properties
- Companies
- Automotive Properties REIT
Real Estate
- Contacts
- Milton Lamb
President & Chief Executive Officer, Automotive Properties REIT