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Morguard Announces Strategic Sale of Hotel Portfolio

Newswire.ca - Mon Jan 8, 7:00AM CST

The transaction marks a significant milestone for Morguard's portfolio optimization.

MISSISSAUGA, ON, Jan. 8, 2024 /CNW/ - Morguard Corporation ("Morguard") (TSX: MRC) announced today an unconditional agreement to sell a portfolio of 14 high-quality hotels. This strategic move aligns with Morguard's commitment to optimize its real estate portfolio, focusing on core real estate investments, including office, industrial, retail, and multi-suite residential properties.

Read more at newswire.ca

Provided Content: Content provided by Newswire.ca. The Globe and Mail was not involved, and material was not reviewed prior to publication.

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