DAILY NEWS Nov 22, 2012 2:39 PM - 0 comments

Pure Industrial makes $169.2 million in property acquisitions

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VANCOUVER 2012-11-22

Pure Industrial Real Estate Trust has acquired $169.2 million in income producing properties consisting of seven industrial properties representing 1,524,818 square feet of gross leasable area located in Richmond and Surrey, B.C., Edmonton, Toronto and Québec City. The properties are being acquired at a weighted average going-in capitalization rate of 6.25 per cent.

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