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RioCan nixes acquisition strategy, goes all-in on development Add to ...

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After spending more than $1-billion on acquisitions in 12 months, RioCan Real Estate Investment Trust is tapping out – at least for now.

“It's a very, very scarce acquisition market out there,” chief executive officer Ed Sonshine explained on a quarterly conference call Thursday. “Anything that we would like to own isn't for sale.”

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