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Office REIT Cuts Distribution, Sells Properties As Vacancies Rise

True North Commercial Sheds Toronto Property, Has Ottawa Office Building Under Contract
True North Commercial has a deal to sell this Ottawa building as the REIT looks to strengthen its balance sheet in a weakening office market. (CoStar)
True North Commercial has a deal to sell this Ottawa building as the REIT looks to strengthen its balance sheet in a weakening office market. (CoStar)
CoStar News
March 21, 2023 | 10:49 P.M.

Toronto-based True North Commercial REIT is getting ready to sell an empty Ottawa office building as it cuts in half its distribution to strengthen its balance sheet.

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