Analyst Research

Report Title Price
Provider: Thomson Reuters Stock Report
$25.00
Provider: Reuters Investment Profile
$20.00
Provider: Thomson Reuters Stock Report
$25.00
Provider: Thomson Reuters Stock Report
$25.00

NYSE and AMEX quotes delayed by at least 20 minutes. NASDAQ delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

PRO Real Estate Investment Trust enters into a binding agreement to acquire an office property in Pointe-Claire, Quebec


Thursday, 12 Dec 2013 07:01am EST 

PRO Real Estate Investment Trust:Says it has entered into a binding agreement to acquire an office property located at 325 Hymus Boulevard in Pointe-Claire, Qu├ębec for $3.38 million.Says approximately $1.01 million will be satisfied through the issuance of Class B limited partnership units of PRO REIT Limited Partnership, a subsidiary of the REIT, at a price per unit of $2.40.Says balance of the purchase price will be satisfied through the use of PROREIT's revolving credit facility which will be expanded to a maximum availability of $9 million from its original $6.9 million with the inclusion of this property as additional security.Says closing of the acquisition is expected to be completed by mid-December and is subject to standard closing conditions.Says purchase price represents a going-in capitalization rate of approximately 8.25% on in place cash flows and will be immediately accretive to the REIT. 

Company Quote

2.2
0.02 +0.92%
28 Aug 2014