RioCan to buy 2 Canadian shopping centers for $96.5 million

08/26/2010 | Reuters

RioCan REIT plans to buy two new shopping centers in Ontario and Quebec for $96.5 million in the third quarter. The Canadian REIT has about $473 million worth of deals in its pipeline and is working through several refinancings to add to its capital base. These latest properties are anchored by Wal-Mart, which occupies 53% of the total 558,881 square feet.

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