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Automotive Properties REIT Enters Joint Venture Agreement with StorageVault Canada to Purchase Automotive Dealership Property in Brossard, Québec

Newswire.ca - Fri Jun 2, 2023

/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES./

TORONTO, June 2, 2023 /CNW/ - Automotive Properties Real Estate Investment Trust (TSX: APR.UN) ("Automotive Properties REIT" or the "REIT") announced today that it has entered into a 50/50 joint venture (the "Joint Venture") with StorageVault Canada Inc. (TSX: SVI) ("StorageVault") to acquire an automotive dealership property located at 9425 Taschereau Boulevard in Brossard, Quebec (the "Brossard Property") from a third-party vendor. StorageVault currently owns a self-storage property that is adjacent to the Brossard Property. The acquisition of the Brossard Property has closed.

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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