Charter Real Estate Investment Trust in its third quarter results announced aquistions. While their distributions are lower their plan for the future is explained in their Market Watch press release.
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Charter
Canadian Tire Corp. has sold 11 stores to two Canadian real estate trusts for $164.6 million in deals announced Monday.
Canadian Real Estate Investment Trust, commonly known as CanReit, will buy eight properties for $137 million. Charter Real Estate Investment Trust will purchase three other stores for $27.3 million.
Canadian Tire will continue to run the stores but will now lease these facilities and pay rent to the two companies.
See the full story on CBC.com at: http://www.cbc.ca/money/story/2008/09/08/canadiantire.html
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