News
KEYreit Acquisition Paying Off Big
November 12, 2013
Plazacorp Retail Properties funds from operations hit $14.5M through Sept. 30, an increase of 19.3% over last year. (Pictured, the Aurora property). Plazacorp CEO Michael Zakuta says the new KEYreit properties the company acquired are having a big impact. There were 227 properties across Canada in the portfolio--small-box retail that includes banks, financial institutions, restaurants, and pharmacies. Plaza beat out Huntingdon Corp for the real estate trust in a back-and-forth bidding war last spring. (Despite the type of stores, they weren't paid in $1 bills.)
