Monday 25 July 2011

TransGlobe Apartment REIT to buy 57 properties from affiliate, raise capital

MISSISSAUGA, Ont. - TransGlobe Apartment Real Estate Investment Trust (TSX:TGA.UN) said Thursday it will pay $740 million to acquire a portfolio of 57 properties in four provinces from an affiliated private company. The publicly traded trust also plans to sell $225 million worth of securities to ...

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