Latest Videos
The information you requested is not available at this time, please check back again soon.
Dubai Holding refinanced a 30 billion dirham ($8.2 billion) loan to replace older facilities at the two state-backed developers it absorbed last month, better positioning itself to capitalize on a boom in the city’s real estate market.
US home-price gains accelerated in February, extending a streak of increases that has pushed many would-be buyers to the sidelines.
China’s capital city Beijing will allow families to buy one more home in non-core areas, as even the nation’s largest cities are buckling under the pressure of a record real estate downturn.
China Vanke Co. will exit non-core operations and divest assets as the developer seeks to boost liquidity amid the sector’s unprecedented downturn, according to a memo from a shareholder meeting on Tuesday.
China’s home sales continued to fall in April, underscoring why top policymakers are stepping up efforts to revive the market.
May 14, 2018
The Canadian Press
TORONTO -- H&R Real Estate Investment Trust (HR_u.TO) says it is selling 63 U.S. retail properties for about $810 million with plans to reinvest some of the proceeds to grow its Lantower Residential division.
The sale includes all of H&R REIT's remaining retail properties in the United States, other than 16 gas stations and convenience stores.
CEO Thomas Hofstedter says the sales will allow the Toronto-based company to streamline its focus and enhance the quality and growth profile of its portfolio.
He says H&R's Lantower Residential division, set up three years ago to buy and manage multi-family communities in the U.S., has grown to about 15 per cent of its real estate assets today.
H&R plans to use about $264 million of the proceeds to retire mortgage debt and devote the rest to Lantower acquisitions and repurchasing units from investors under its normal course issuer bid.
In November, H&R announced plans to sell all 79 of its wholly owned U.S. retail properties.
