{"id":17026,"date":"2019-09-30T05:00:00","date_gmt":"2019-09-30T09:00:00","guid":{"rendered":"https:\/\/www.choicereit.ca\/news-release\/choice-properties-real-estate-investment-trust-acheve-la-cession-dun-portefeuille-de-426-millions-de-dollars\/"},"modified":"2019-09-30T05:00:00","modified_gmt":"2019-09-30T09:00:00","slug":"choice-properties-real-estate-investment-trust-acheve-la-cession-dun-portefeuille-de-426-millions-de-dollars","status":"publish","type":"news-release","link":"https:\/\/www.choicereit.ca\/fr\/news-release\/choice-properties-real-estate-investment-trust-acheve-la-cession-dun-portefeuille-de-426-millions-de-dollars\/","title":{"rendered":"Choice Properties Real Estate Investment Trust ach\u00e8ve la cession d&#8217;un portefeuille de 426 millions de dollars"},"content":{"rendered":"<p><img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/1003700\/Choice_Properties_Real_Estate_Investment_Trust_Choice_Properties.jpg\" title=\"Choice Properties Real Estate Investment Trust (CNW Group\/Choice Properties Real Estate Investment Trust)\" alt=\"Photo_Asset_1\"><\/p>\n<p><span class=\"xn-location\">TORONTO<\/span>, <span class=\"xn-chron\">Sept. 30, 2019<\/span> \/CNW\/ \u2013 Choice Properties Real Estate Investment Trust (\u00ab\u00a0Choice Properties\u00a0\u00bb or the \u00ab\u00a0Trust\u00a0\u00bb) (TSX: CHP.UN) announced today that it has completed its previously announced disposition of a 30 property portfolio (the \u00ab\u00a0Portfolio\u00a0\u00bb) for an aggregate sale price of approximately <span class=\"xn-money\">$426 million<\/span> (the \u00ab\u00a0Transaction\u00a0\u00bb) to an affiliate of Oak Street Real Estate Capital LLC. <\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder1\">\n<p><img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/1003700\/Choice_Properties_Real_Estate_Investment_Trust_Choice_Properties.jpg\" title=\"Choice Properties Real Estate Investment Trust (CNW Group\/Choice Properties Real Estate Investment Trust)\" alt=\"Choice Properties Real Estate Investment Trust (CNW Group\/Choice Properties Real Estate Investment Trust)\"><\/p>\n\n<\/div>\n<p>The unencumbered Portfolio consists of 27 stand-alone retail properties and 3 distribution centres with an average lease term of approximately twelve years with Loblaw Companies Limited. The Portfolio was sold at slightly above its IFRS carrying value and the proceeds from the Transaction will be used to repay debt. <\/p>\n<p><b>About Choice Properties Real Estate Investment Trust<br><\/b>Choice Properties, <span class=\"xn-location\">Canada\u2019s<\/span> preeminent diversified real estate investment trust, is the owner, manager and developer of a high-quality portfolio comprising 727 properties totaling 65 million square feet of gross leasable area. Choice Properties owns a portfolio comprised of retail properties predominantly leased to necessity\u2010based tenants; industrial, office and residential assets concentrated in attractive markets; and offers an impressive and substantial development pipeline. Choice Properties\u2019 strategic alliance with its principal tenant, Loblaw Companies Limited, the country\u2019s leading retailer, is a key competitive advantage providing long-term growth opportunities. For more information, visit Choice Properties\u2019 website at <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2596621-1&amp;h=1027145063&amp;u=http%3A%2F%2Fwww.choicereit.ca%2F&amp;a=www.choicereit.ca\" rel=\"nofollow noopener noreferrer\">www.choicereit.ca<\/a> and Choice Properties\u2019 issuer profile at <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2596621-1&amp;h=2975790909&amp;u=http%3A%2F%2Fwww.sedar.com%2F&amp;a=www.sedar.com\" rel=\"nofollow noopener noreferrer\">www.sedar.com<\/a>.<\/p>\n<p><b>About Oak Street Real Estate Capital<br><\/b>Oak Street Real Estate Capital is a real estate investment management firm based in <span class=\"xn-location\">Chicago, Illinois<\/span>, USA. Oak Street manages both commingled funds and separate accounts on behalf of both institutional and high net-worth investors. The firm focuses on acquiring properties net-leased to investment grade rated tenants and specializes in providing unique and flexible capital solutions to a variety of organizations including corporations, healthcare systems, universities, and government entities. For more information on Oak Street, please visit <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2596621-1&amp;h=3354293133&amp;u=http%3A%2F%2Fwww.oakstreetrec.com%2F&amp;a=www.oakstreetrec.com\" rel=\"nofollow noopener noreferrer\">www.oakstreetrec.com<\/a>.<\/p>\n<p><b>Forward-Looking Statements<br><\/b>This press release may contain forward-looking information within the meaning of applicable securities legislation, which reflects Choice Properties\u2019 current expectations regarding future events. Forward-looking information is based on a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond Choice Properties\u2019 control that could cause actual results and events to differ materially from those that are disclosed in or implied by such forward-looking information. Such risks and uncertainties include, but are not limited to, the factors discussed in Choice Properties\u2019 current Annual Information Form and Second Quarter 2019 Report to Unitholders. Choice Properties does not undertake any obligation to update such forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required by applicable law. All forward-looking statements contained in this press release are made as of the date hereof and are qualified by these cautionary statements.<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder2\"><\/div>\n<p>SOURCE  Choice Properties Real Estate Investment Trust<\/p>\n<p><img decoding=\"async\" alt=\"Rt\" src=\"https:\/\/rt.newswire.ca\/rt.gif?NewsItemId=C1728&amp;Transmission_Id=201909301700CANADANWCANADAPR_C1728&amp;DateId=20190930\" style=\"border:0px; width:1px; height:1px;\"><\/p>\n","protected":false},"template":"","class_list":["post-17026","news-release","type-news-release","status-publish","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.4 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Choice Properties Real Estate Investment Trust ach\u00e8ve la cession d&#8217;un portefeuille de 426 millions de dollars - Propri\u00e9t\u00e9s DeChoix<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.choicereit.ca\/news-release\/choice-properties-real-estate-investment-trust-completes-426-million-portfolio-disposition\/\" \/>\n<meta property=\"og:locale\" content=\"fr_FR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Choice Properties Real Estate Investment Trust ach\u00e8ve la cession d&#8217;un portefeuille de 426 millions de dollars\" \/>\n<meta property=\"og:description\" content=\"TORONTO, Sept. 30, 2019 \/CNW\/ \u2013 Choice Properties Real Estate Investment Trust (\u00ab\u00a0Choice Properties\u00a0\u00bb or the \u00ab\u00a0Trust\u00a0\u00bb) (TSX: CHP.UN) announced today that it has completed its previously announced disposition of a 30 property portfolio (the \u00ab\u00a0Portfolio\u00a0\u00bb) for an aggregate sale price of approximately $426 million (the \u00ab\u00a0Transaction\u00a0\u00bb) to an affiliate of Oak Street Real Estate [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.choicereit.ca\/news-release\/choice-properties-real-estate-investment-trust-completes-426-million-portfolio-disposition\/\" \/>\n<meta property=\"og:site_name\" content=\"Propri\u00e9t\u00e9s DeChoix\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mma.prnewswire.com\/media\/1003700\/Choice_Properties_Real_Estate_Investment_Trust_Choice_Properties.jpg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Dur\u00e9e de lecture estim\u00e9e\" \/>\n\t<meta name=\"twitter:data1\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.choicereit.ca\\\/news-release\\\/choice-properties-real-estate-investment-trust-completes-426-million-portfolio-disposition\\\/\",\"url\":\"https:\\\/\\\/www.choicereit.ca\\\/news-release\\\/choice-properties-real-estate-investment-trust-completes-426-million-portfolio-disposition\\\/\",\"name\":\"Choice Properties Real Estate Investment Trust ach\u00e8ve la cession d&#8217;un portefeuille de 426 millions de dollars - Propri\u00e9t\u00e9s DeChoix\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.choicereit.ca\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.choicereit.ca\\\/news-release\\\/choice-properties-real-estate-investment-trust-completes-426-million-portfolio-disposition\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.choicereit.ca\\\/news-release\\\/choice-properties-real-estate-investment-trust-completes-426-million-portfolio-disposition\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/mma.prnewswire.com\\\/media\\\/1003700\\\/Choice_Properties_Real_Estate_Investment_Trust_Choice_Properties.jpg\",\"datePublished\":\"2019-09-30T09:00:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.choicereit.ca\\\/news-release\\\/choice-properties-real-estate-investment-trust-completes-426-million-portfolio-disposition\\\/#breadcrumb\"},\"inLanguage\":\"fr-FR\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.choicereit.ca\\\/news-release\\\/choice-properties-real-estate-investment-trust-completes-426-million-portfolio-disposition\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"fr-FR\",\"@id\":\"https:\\\/\\\/www.choicereit.ca\\\/news-release\\\/choice-properties-real-estate-investment-trust-completes-426-million-portfolio-disposition\\\/#primaryimage\",\"url\":\"https:\\\/\\\/mma.prnewswire.com\\\/media\\\/1003700\\\/Choice_Properties_Real_Estate_Investment_Trust_Choice_Properties.jpg\",\"contentUrl\":\"https:\\\/\\\/mma.prnewswire.com\\\/media\\\/1003700\\\/Choice_Properties_Real_Estate_Investment_Trust_Choice_Properties.jpg\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.choicereit.ca\\\/news-release\\\/choice-properties-real-estate-investment-trust-completes-426-million-portfolio-disposition\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.choicereit.ca\\\/fr\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"News Releases\",\"item\":\"https:\\\/\\\/www.choicereit.ca\\\/news-release\\\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Choice Properties Real Estate Investment Trust ach\u00e8ve la cession d&#8217;un portefeuille de 426 millions de dollars\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.choicereit.ca\\\/#website\",\"url\":\"https:\\\/\\\/www.choicereit.ca\\\/\",\"name\":\"Choice Properties\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.choicereit.ca\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.choicereit.ca\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"fr-FR\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/www.choicereit.ca\\\/#organization\",\"name\":\"Choice Properties\",\"url\":\"https:\\\/\\\/www.choicereit.ca\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"fr-FR\",\"@id\":\"https:\\\/\\\/www.choicereit.ca\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/www.choicereit.ca\\\/wp-content\\\/uploads\\\/2026\\\/04\\\/logo-alt.svg\",\"contentUrl\":\"https:\\\/\\\/www.choicereit.ca\\\/wp-content\\\/uploads\\\/2026\\\/04\\\/logo-alt.svg\",\"width\":1,\"height\":1,\"caption\":\"Choice Properties\"},\"image\":{\"@id\":\"https:\\\/\\\/www.choicereit.ca\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.instagram.com\\\/choicereit\\\/?hl=en\"]}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Choice Properties Real Estate Investment Trust ach\u00e8ve la cession d&#8217;un portefeuille de 426 millions de dollars - Propri\u00e9t\u00e9s DeChoix","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.choicereit.ca\/news-release\/choice-properties-real-estate-investment-trust-completes-426-million-portfolio-disposition\/","og_locale":"fr_FR","og_type":"article","og_title":"Choice Properties Real Estate Investment Trust ach\u00e8ve la cession d&#8217;un portefeuille de 426 millions de dollars","og_description":"TORONTO, Sept. 30, 2019 \/CNW\/ \u2013 Choice Properties Real Estate Investment Trust (\u00ab\u00a0Choice Properties\u00a0\u00bb or the \u00ab\u00a0Trust\u00a0\u00bb) (TSX: CHP.UN) announced today that it has completed its previously announced disposition of a 30 property portfolio (the \u00ab\u00a0Portfolio\u00a0\u00bb) for an aggregate sale price of approximately $426 million (the \u00ab\u00a0Transaction\u00a0\u00bb) to an affiliate of Oak Street Real Estate [&hellip;]","og_url":"https:\/\/www.choicereit.ca\/news-release\/choice-properties-real-estate-investment-trust-completes-426-million-portfolio-disposition\/","og_site_name":"Propri\u00e9t\u00e9s DeChoix","og_image":[{"url":"https:\/\/mma.prnewswire.com\/media\/1003700\/Choice_Properties_Real_Estate_Investment_Trust_Choice_Properties.jpg","type":"","width":"","height":""}],"twitter_card":"summary_large_image","twitter_misc":{"Dur\u00e9e de lecture estim\u00e9e":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.choicereit.ca\/news-release\/choice-properties-real-estate-investment-trust-completes-426-million-portfolio-disposition\/","url":"https:\/\/www.choicereit.ca\/news-release\/choice-properties-real-estate-investment-trust-completes-426-million-portfolio-disposition\/","name":"Choice Properties Real Estate Investment Trust ach\u00e8ve la cession d&#8217;un portefeuille de 426 millions de dollars - Propri\u00e9t\u00e9s DeChoix","isPartOf":{"@id":"https:\/\/www.choicereit.ca\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.choicereit.ca\/news-release\/choice-properties-real-estate-investment-trust-completes-426-million-portfolio-disposition\/#primaryimage"},"image":{"@id":"https:\/\/www.choicereit.ca\/news-release\/choice-properties-real-estate-investment-trust-completes-426-million-portfolio-disposition\/#primaryimage"},"thumbnailUrl":"https:\/\/mma.prnewswire.com\/media\/1003700\/Choice_Properties_Real_Estate_Investment_Trust_Choice_Properties.jpg","datePublished":"2019-09-30T09:00:00+00:00","breadcrumb":{"@id":"https:\/\/www.choicereit.ca\/news-release\/choice-properties-real-estate-investment-trust-completes-426-million-portfolio-disposition\/#breadcrumb"},"inLanguage":"fr-FR","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.choicereit.ca\/news-release\/choice-properties-real-estate-investment-trust-completes-426-million-portfolio-disposition\/"]}]},{"@type":"ImageObject","inLanguage":"fr-FR","@id":"https:\/\/www.choicereit.ca\/news-release\/choice-properties-real-estate-investment-trust-completes-426-million-portfolio-disposition\/#primaryimage","url":"https:\/\/mma.prnewswire.com\/media\/1003700\/Choice_Properties_Real_Estate_Investment_Trust_Choice_Properties.jpg","contentUrl":"https:\/\/mma.prnewswire.com\/media\/1003700\/Choice_Properties_Real_Estate_Investment_Trust_Choice_Properties.jpg"},{"@type":"BreadcrumbList","@id":"https:\/\/www.choicereit.ca\/news-release\/choice-properties-real-estate-investment-trust-completes-426-million-portfolio-disposition\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.choicereit.ca\/fr\/"},{"@type":"ListItem","position":2,"name":"News Releases","item":"https:\/\/www.choicereit.ca\/news-release\/"},{"@type":"ListItem","position":3,"name":"Choice Properties Real Estate Investment Trust ach\u00e8ve la cession d&#8217;un portefeuille de 426 millions de dollars"}]},{"@type":"WebSite","@id":"https:\/\/www.choicereit.ca\/#website","url":"https:\/\/www.choicereit.ca\/","name":"Choice Properties","description":"","publisher":{"@id":"https:\/\/www.choicereit.ca\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.choicereit.ca\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"fr-FR"},{"@type":"Organization","@id":"https:\/\/www.choicereit.ca\/#organization","name":"Choice Properties","url":"https:\/\/www.choicereit.ca\/","logo":{"@type":"ImageObject","inLanguage":"fr-FR","@id":"https:\/\/www.choicereit.ca\/#\/schema\/logo\/image\/","url":"https:\/\/www.choicereit.ca\/wp-content\/uploads\/2026\/04\/logo-alt.svg","contentUrl":"https:\/\/www.choicereit.ca\/wp-content\/uploads\/2026\/04\/logo-alt.svg","width":1,"height":1,"caption":"Choice Properties"},"image":{"@id":"https:\/\/www.choicereit.ca\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.instagram.com\/choicereit\/?hl=en"]}]}},"_links":{"self":[{"href":"https:\/\/www.choicereit.ca\/fr\/wp-json\/wp\/v2\/news-release\/17026","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.choicereit.ca\/fr\/wp-json\/wp\/v2\/news-release"}],"about":[{"href":"https:\/\/www.choicereit.ca\/fr\/wp-json\/wp\/v2\/types\/news-release"}],"wp:attachment":[{"href":"https:\/\/www.choicereit.ca\/fr\/wp-json\/wp\/v2\/media?parent=17026"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}