BRIEF-Riocan REIT, Plaza Retail REIT announce JV to redevelop 3 properties

Thu Jun 16, 2016 8:21am EDT
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June 16 (Reuters) - Plaza Retail REIT

* Under agreement, Riocan sold 50% managing interest in three properties at an aggregate sale price of $11.5 million

* Under terms of arrangement, Plaza will manage three assets and oversee redevelopment efforts for joint venture

* Riocan Real Estate Investment Trust and Plaza Retail REIT announce joint venture to redevelop three properties Source text for Eikon: Further company coverage: