TORONTO, Aug. 21, 2023 /CNW/ - H&R Real Estate Investment Trust ("H&R" or "the REIT") (TSX: HR.UN) is pleased to announce it is in receipt of the remaining $170.0 million of proceeds from the $180.0 million vendor take-back mortgage that H&R provided to Groupe Mach (the "Purchaser"), of 160 Elgin Street ("160 Elgin") at the time of the sale of 160 Elgin. The REIT intends to allocate the majority of proceeds to repay outstanding indebtedness and fund current development projects.
Read more at newswire.caH&R REIT Announces Receipt of Final Instalment of $180 Million First Mortgage Proceeds Related to 160 Elgin Sale
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