Vancouver-based Pure Industrial Real Estate Trust (TSX-V:AAR.UN) has closed $10 million in industrial property sales.
The fund acquired a 74,000-square-foot, state-of-the-art facility currently leased to Via Health and Franklin Electric, and a 32,000-square-foot facility leased to 12 tenants, including Ford, the province of Manitoba and Service Master.
Both properties were purchased using funds from a bought-deal financing it announced in October.
These latest purchases top more than $140 million in acquisitions since the beginning of the year. In July, it purchased a $14.8 million property in Edmonton after previous acquisitions in B.C., Alberta, Saskatchewan, Ontario, Quebec and New Brunswick.
Pure Industrial Real Estate Trust’s unit price range during the past week: between $4.13 and $4.30; 52-week high: $4.40; 52-week low: $3.10.