Inovalis Real Estate Investment Trust Announces the Conditional Sale of 87.5% of the Arcueil Property for €37.5 Million

Inovalis Real Estate Investment Trust Announces the Conditional Sale of 87.5% of the Arcueil Property for €37.5 Million

TORONTO -- Inovalis Real Estate Investment Trust (the “REIT”) (TSX: INO.UN) today announced the signing of an exchange contract for the sale of 87.5% of the Arcueil property to two parties for €37.5 million ($56.5 million) which reflects, on a pro-rated basis, 100% of the property’s appraised value of €45.0 million ($67.8 million) as set forth in the Q3 unaudited Financial Statements of the REIT.

Inovalis Real Estate Investment Trust (TSE:INO.UN) Shares Pass Above Fifty Day Moving Average – Here’s Why

Inovalis Real Estate Investment Trust (TSE:INO.UN – Get Free Report) shares passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$0.89 and traded as high as C$0.97. Inovalis Real Estate Investment Trust shares last traded at C$0.95, with a volume of 36,357 shares […]