Automotive Properties REIT
The REIT is focused on owning and acquiring automotive dealership properties in long-term growth markets in Canada.
The REIT is focused on owning and acquiring automotive dealership properties in long-term growth markets in Canada.
Automotive Properties REIT is an unincorporated open-ended real estate investment trust (TSX: APR.UN) targeting automotive dealership properties in long-term growth markets in Canada. The REIT's portfolio encompasses 66 income-producing properties spread across approximately 200 acres in metropolitan markets including British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, and Québec. These properties, covering 2.5 million square feet of gross leasable area, are home to retail automotive dealerships, service centers, and ancillary businesses.
Founded in 2015, Automotive Properties REIT primarily focuses on providing Unitholders with stable, sustainable, and growing cash distributions while seeking to further expand its asset portfolio to maximize Unitholder value. The REIT recently secured a $92.00M post-IPO equity investment on 24 December 2019.
The company operates within the Real Estate and Construction industries, with a clear vision of acquiring strategic properties in Canadian urban markets, thereby aligning with the long-term growth potential of the automotive sector in the region.
| Funding Stage | Amount | No. Investors | Investors | Date |
|---|---|---|---|---|
| Post-IPO Equity | $92.00M | - | 24 Dec 2019 |
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