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BRIEF-Automotive Properties REIT agrees to acquire dealership properties in Calgary, AB, Barrie, on for combined purchase price of $32.5 mln

Published 2017-03-30, 05:44 p/m
© Reuters.  BRIEF-Automotive Properties REIT agrees to acquire dealership properties in Calgary, AB, Barrie, on for combined purchase price of $32.5 mln
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March 30 (Reuters) - Automotive Properties Real Estate Investment Trust APR_u.TO :

* Automotive Properties REIT agrees to acquire dealership properties in Calgary, AB and Barrie, on for a combined purchase price of $32.5 million

* Automotive Properties Real Estate Investment - addition of properties expected to be immediately accretive to REIT's "AFFO" on a per unit basis

* Automotive Properties Real Estate Investment Trust- purchase price for Heritage Honda Property is $23.6 million

* Automotive Properties Real Estate Investment Trust - Barrie Volkswagen (DE:VOWG_p) Property is being acquired from Dilawri Group for $8.9 million

* Automotive Properties REIT -to satisfy purchase price through combination of proceeds from offering of units in Feb 2017, existing credit facilities Source text for Eikon: ID:nCNWmk2Tza Further company coverage: APR_u.TO

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