Choice Properties Real Estate Investment Trust Announces Election of Trustees
Choice Properties Real Estate Investment Trust ("Choice Properties") (TSX: CHP.UN) announced today that all of the trustee nominees listed in the management proxy circular dated March 22, 2019, were elected as trustees of Choice Properties. The vote was conducted at Choice Properties' Annual Meeting of Unitholders, which took place on May 3, 2019 in Toronto. The results of the vote are set out below:
Greenwin Inc. and Choice Properties Real Estate Investment Trust Complete Acquisition of Downtown Toronto Development Parcel
The Provincial Government announced today the completion of the acquisition of 26 Grenville St. and 27 Grosvenor St. (the "Property") by veteran Toronto developers Greenwin Inc. ("Greenwin") and Choice Properties REIT ("Choice Properties" or the "Trust") (TSX: CHP.UN). The deal paves the way for an expansive revitalization of the 0.9-acre property, featuring over 700 purpose-built rental units, 30% of which will be maintained as affordable rental housing for a period of 40 years.