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Concert Properties and Brookfield Form Joint Venture for Canadian Industrial Portfolio

  • Concert Properties Ltd. formed a joint venture with a Brookfield affiliate for an eight-property Canadian industrial portfolio.
  • The portfolio totals approximately 5.3 million square feet & is valued at C$1 billion.
  • Properties are located in major Canadian logistics markets including Vancouver, Toronto, Calgary, & Ottawa.
  • All assets are fully leased to diverse credit tenants with strong access to highway, airport, & rail infrastructure.
  • CIBC & CBRE acted as advisors to Concert on the transaction.
  • Concert Income Properties will actively manage the portfolio on behalf of the joint venture.