RioCan sells 7 properties to CT REIT for $200M

A man cycles by a Canadian Tire store in North Vancouver. , The Canadian Press

The Canadian Press

Nov 28, 2017

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TORONTO -- CT Real Estate Investment Trust (CRT_u.TO) has signed a deal to buy seven properties from RioCan Real Estate Investment Trust (REI_u.TO) for $200 million.

Five of the locations are in Ontario, located in Collingwood, Hamilton, Orillia, St. Catharines and Sudbury.

One is in Yorkton, Sask., and another is in Oliver, B.C.

All have a Canadian Tire store as a major tenant.