Homburg REIT To Buy $114.9M Portfolio

Homburg Canada Real Estate Investment Trustis buying a portfolio of 29 neighborhood shopping centers for $114.9 million. The properties are being sold by a group headed byDelek Global Real Estate.

Jean Coutu Groupcurrently leases and anchors 24 of the portfolio’s 29 properties. The acquisition will be settled by the assumption of $74.6 million in existing mortgages and by net equity of $40.3 million, to be funded through cash on hand.

Click here for the release fromCanada Newswire.