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Morguard Completes $410 Million Sale of Hotel Portfolio

Newswire.ca - Fri Jan 19, 6:00AM CST

MISSISSAUGA, ON, Jan. 19, 2024 /CNW/ - Morguard Corporation ("Morguard") (TSX: MRC) announced today the successful completion of its previously announced sale of a portfolio of 14 high-quality hotels for gross proceeds of $410.0 million. This strategic transaction signifies Morguard's progress in optimizing its real estate portfolio and sharpening its focus on core real estate investments.

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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