InterRent REIT completes $33 million acquisition of Côte Saint-Luc high-rise residential building

1 minute read
01 March 2015

On March 11, 2015, InterRent Real Estate Investment Trust (TSX: IIP.UN) completed its acquisition of a 280 suite high-rise residential building situated at 5501 Adalbert Avenue in Côte Saint-Luc on the Island of Montréal, Québec for a purchase price of $33 million.

InterRent REIT is a growth-oriented real estate investment trust engaged in increasing unitholder value and creating a growing and sustainable distribution through the acquisition and ownership of multi-residential properties.

Gowlings advised InterRent REIT in this acquisition with a team led by Alain Lalonde assisted by notary Danielle Moisan.

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