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H&R REIT and a consortium led by KingSett Capital acquired Primaris Retail REIT, owner of such properties as Kelowna, B.C.’s Orchard Park Shopping Centre, the biggest M&A deal in Canada in 2013, as of May 1.
H&R REIT and a consortium led by KingSett Capital acquired Primaris Retail REIT, owner of such properties as Kelowna, B.C.’s Orchard Park Shopping Centre, the biggest M&A deal in Canada in 2013, as of May 1.
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What to expect from REITs for the next six months

When the year began, the outlook for real estate investment trusts (REITs) was not very promising. The sector had just endured a miserable 2013, sparked by fears of rising interest rates. The S&P/TSX Capped REIT Index was trading at close to 180 in spring 2013 but then dropped sharply to below 150 after then Federal Reserve Board chairman Ben Bernanke mused publicly about winding down the quantitative easing (QE) program. The index is still well below its 2013 high, closing on July 25 at 163.62.