Allied Properties REIT expands portfolio in Calgary

CALGARY— Just over two years ago Toronto-based Allied Properties Real Estate Investment Trust decided to expand its portfolio outside the borders of Ontario.

The REIT, which focuses on a niche market of older inner-city buildings, started buying properties in Calgary. After the sale of the Calgary Chamber of Commerce and Demcor buildings close in November, the REIT’s Calgary portfolio will include 14 properties comprising 607,344 square feet.

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