dream industrial reit wikipedia

[9] As a result of its financial problems, the company sold many of its properties in 2016 and 2017. [5], In 2012, the company spun-off its industrial properties into a new company, Dundee Industrial REIT (later renamed Dream Industrial REIT). As at September 30, 2020, the Trust owns and operates a portfolio of 172 assets (266 industrial buildings) comprising approximately 26.6 million square feet of gross leasable area in key markets across North America and a growing presence in strong European industrial markets. Press Releases. 6:08 PM EST. Dundee Corporation is a significant shareholder in Dream, but not in Dream Office REIT. Dream Industrial REIT is a Canadian stock, trading under the symbol DIR.UN-T on the Toronto Stock Exchange (DIR-UN-CT). [6] Dundee Industrial held its $155 million IPO in September 2012. Worth considering buying D.UN instead and get a discount. Business Wire . Dream Industrial REIT November 2020 Monthly Distribution. This is a list of publicly traded and private real estate investment trusts (REITs) in Canada. About Us; Portfolio; Investors; Leasing; Tenants; News & Events Sunridge Business Park, Calgary. Dream Industrial REIT is a pure-play industrial REIT that owns high-quality industrial properties across Canada, the U.S. and Europe Following our European expansion and acquisitions announced in January 2020, our pro forma portfolio comprises 263 properties totalling 26.3 million square feet. H&R REIT (TSX:HR.UN) H&R REIT (TSX:HR.UN) is more of a REIT value play than RioCan. Dream Office REIT (formerly Dundee REIT) is a Canadian real estate investment trust (REIT). We provide our tenants with better communities to work in . Ownership is disclosed in their quarterly report. In June 2017, it announced the sale of $1.7 billion worth of properties, including the sale of its remaining stake in Scotia Plaza to KingSett Capital and AIMCo. To learn more or find an ideal location for your business, please click on the link below: We provide investors with direct exposure to the industrial real estate sector. They're a work-in-progress with better days ahead. [13] The Dream name was originally an acronym for Dundee Real Estate Asset Management. http://web.tmxmoney.com/article.php?newsid=74139190&qm_symbol=SOT.UN, https://en.wikipedia.org/w/index.php?title=List_of_REITs_in_Canada&oldid=986444598, Creative Commons Attribution-ShareAlike License, Centurion Real Estate Opportunities Trust (private), Alignvest Student Housing REIT (private) (, Centurion Apartment Real Estate Investment Trust (private) (, Equiton Residention Income Fund Trust (private) (, NorthWest Healthcare Properties REIT (NWH.UN)(, American Hotel Income Properties REIT (HOT.UN)(, Automotive Properties Real Estate Investment Trust (, This page was last edited on 31 October 2020, at 22:22. Dream Industrial REIT is an unincorporated, open-ended real estate investment trust. Last edited on 31 October 2020, at 22:22. Dream Industrial REIT (TSE:DIR) Dividend History by Quarter. DREAM INDUSTRIAL REIT (TSX: DIR.UN) today announced its November 2020 monthly distribution in the amount of 5.833 cents per Unit (70 cents annualized). A real estate investment trust (REIT) is a company that owns, and in most cases operates, income-producing real estate.REITs own many types of commercial real estate, ranging from office and apartment buildings to warehouses, hospitals, shopping centers, hotels and commercial forests.Some REITs engage in financing real estate. [2] In 2011, the company bought 29 buildings from Blackstone Real Estate and Slate Properties for $832 million. Dream Industrial REIT is an unincorporated, open-ended real estate investment trust. NOV 3, 2020. [7], In 2016, the company took a $749 million writedown, primarily relating to its Alberta office properties. Most countries' laws on REITs entitle a real estate company to … The portfolio comprises approximately 23.7 million square feet of gross leasable area in key markets across Canada and the U.S. 3 analysts recommended to SELL the stock. 10:12 AM EST. Dream Industrial REIT Announces BBB Rating by DBRS and New C$200 Million Euro-Denominated Unsecured Financing Oct 22, 2020 Dream Industrial REIT October 2020 Monthly Distribution Dream Industrial REIT owns and operates a portfolio of 244 geographically diversified industrial distribution and warehousing properties. Dundee REIT was formed in 2003, from the commercial properties of Dundee Realty. [11], In February 2018, Dream announced that Michael Cooper, its CEO until 2014, would return as CEO later in the year. On May 8, 2014 the company was renamed to Dream Office REIT from Dundee REIT. Dream Office Reit holds a major position in Dream Industrial Reit, and at a significant discount to NAV. [1] The remainder of Dundee Realty was taken over by its major shareholder, Dundee Bancorp (now called Dundee Corporation). Presentations. It portfolio comprises industrial properties located in key markets across Canada and the U.S. Its objective is to build upon and grow its portfolio and to provide stable and sustainable cash distributions to its unitholders." "Dream Industrial Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust. [12] The majority of the company's properties are located in downtown Toronto, with others located in Calgary, Saskatchewan, and elsewhere in Canada. chevron_right. NOV 19, 2020. Automotive Properties Real Estate Investment Trust (TSX: APR.UN) (Dividend Info) References. SUBSCRIBE TO ALERTS. [10] As of a result of this and other sales, the value of the company's properties decreased by more than half, from $6.1 billion to $2.9 billion. DREAM INDUSTRIAL REIT (TSX: DIR.UN) today announced its November 2020 monthly distribution in the amount of 5.833 cents per Unit (70 cents annualized). Dream Industrial Real Estate Investment Trust Units. [citation needed], Dream Office REIT is part of the Dream family of companies, which also include three other Toronto Stock Exchange–listed real estate funds, as well as Dream, Dream Office's asset manager. DREAM INDUSTRIAL REIT (TSX: DIR.UN) today announced its November 2020 monthly distr... Read more . Our leasable spaces are located in high-quality properties in major markets across Canada. Valued at ~300M. The non-taxable portion of any net realized capital gains and any other amount in excess of the net income of Dream Industrial REIT payable to the Unitholder will not generally be included in the Unitholder’s income for the year. As at September 30, 2020, Dream Industrial REIT owns and operates a portfolio of 266 industrial properties comprising approximately 26.6 million square feet of gross leasable area in key markets across North America and a growing presence in strong European industrial markets. [8] The company had significant exposure to the Alberta market as the result of the 2007 sale of its eastern Canadian properties to GE Capital; at one time, 60% of the company's properties were in Alberta. [3] In January 2012, the company acquired Whiterock REIT, a competing office property REIT, for $582 million. [4] In May 2012, Dundee REIT and H&R REIT bought Scotia Plaza for $1.3 billion, the highest price ever paid for a Canadian office building. In January 2012, the company acquired Whiterock REIT, a competing … This page was last edited on 31 October 2020, at 22:22 (UTC). Dream Industrial REIT is dedicated to investing in and managing industrial spaces, enriching them for the people who work there and for the greater community. Dundee REIT was formed in 2003, from the commercial properties of Dundee Realty. Dream Office REIT menu. Advertisement. Dream Industrial REIT is an unincorporated, open-ended real estate investment trust. Dream Industrial REIT is an unincorporated, open-ended real estate investment trust. Globe and Mail advanced charts offer real-time price streaming, dynamic click and drag interaction, event indicators and technical studies. Of its financial problems, the company took a $ 749 million writedown, primarily relating to its Office. Now Europe ) in Canada REIT in Canada more at Wikipedia D... dream Office vs. dream Industrial REIT an! Reit holds a major position in dream, but not in dream REIT. Advanced charts offer real-time price streaming, dynamic click and drag interaction, event indicators technical! 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