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BRIEF-Automotive Properties REIT to buy Audi Barrie property for $11.1 million

Published 2016-01-06, 07:42 a/m
© Reuters.  BRIEF-Automotive Properties REIT to buy Audi Barrie property for $11.1 million

Jan 6 (Reuters) - Automotive Properties Real Estate Investment Trust
APR_u.TO :
* Reit agrees to acquire Audi Barrie property for $11.1 million
* Intends to fund purchase of through new mortgage with Canadian chartered
bank,a draw on its existing revolving credit facility
* Real estate says property is expected to be immediately accretive to reit's
adjusted funds from operations on a per unit basis

* Source text for Eikon Further company coverage APR_u.TO

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