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True North Commercial REIT Agrees to Sell Calgary Office Property for CA$57 Million

True North Commercial REIT Agrees to Sell Calgary Office Property for CA$57 Million

MT newswireMT newswire2026/11/02 21:17
05:17 PM EST, 11/02/2026 (MT Newswires) -- True North Commercial Real Estate Investment Trust (TNT-UN.TO) said it entered into an agreement to sell a 209,400-square-foot office property in Calgary, Alberta, for CA$57 million. The transaction is expected to close on or about Dec. 14, excluding transaction costs. The REIT said it plans to use the net proceeds, after repaying the property's existing first mortgage, to reduce outstanding debt under its credit facility.
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