BRIEF-Dream Office REIT announces New Scotia Plaza co-ownership arrangement with Kingsett Capital, AIMCO

Mon Jun 20, 2016 6:09pm EDT
 
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June 20 (Reuters) - Dream Office Real Estate Investment Trust :

* Dream Office REIT announces New Scotia Plaza co-ownership arrangement with Kingsett Capital and AIMCO

* Kingsett and AIMCO have agreed to acquire a 16.67% ownership interest in Scotia Plaza from trust

* Kingsett and AIMCO will be assuming a 50% share of existing financing on properties

* Trust expects to receive net proceeds of approximately $115 million before closing costs and adjustments

* Kingsett and AIMCO will concurrently acquire 33.33% interest currently owned by H&R REIT Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1-646-223-8780)