LITTLE ROCK, Ark. and TORONTO, April 15, 2025 /CNW/ - BSR Real Estate Investment Trust (the "REIT") (TSX: HOM.U) (TSX: HOM.UN) today announced a cash distribution of US$0.0467 per REIT unit for the month of April 2025, representing US$0.56 per REIT unit on an annualized basis. Payment will be made on May 15, 2025 to unitholders of record as at April 30, 2025.
About BSR Real Estate Investment TrustBSR Real Estate Investment Trust is an internally managed, unincorporated, open-ended real estate investment trust established pursuant to a declaration of trust under the laws of the Province of Ontario. The REIT owns a portfolio of multifamily garden-style residential properties located in attractive primary markets in the Sunbelt region of the United States.
LITTLE ROCK, Ark. and TORONTO, April 3, 2025 /CNW/ - BSR Real Estate Investment Trust (the "REIT") (TSX: HOM.U) (TSX: HOM.UN) today announced that it will release its 2025 first quarter financial results after market close on Wednesday May 7th, 2025.
Dan Oberste, Chief Executive Officer, Susie Rosenbaum, Chief Operating Officer and Tom Cirbus, Chief Financial Officer, will host a conference call for analysts and investors on Thursday, May 8th, 2025 at 12:00 pm (ET). To join the conference call without operator assistance, participants can register and enter their phone number at https://emportal.ink/4j7a5XQ to receive an instant automated call back. Alternatively, they can dial 416-945-7677 or 888-699-1199 to reach a live operator who will join them into the call. In addition, the call will be webcast live at: https://app.webinar.net/y8eX90D9rMK.
LITTLE ROCK, Ark. and TORONTO, March 31, 2025 /CNW/ - BSR Real Estate Investment Trust ("BSR" or the "REIT") (TSX: HOM.U) (TSX: HOM.UN) announced today that it has completed the sale of three properties located in Austin, TX to AvalonBay Communities, Inc. ("AVB") (NYSE: AVB) for cash proceeds of $187 million (the "Transaction"). The properties included in the Transaction are Cielo I (326 apartment units), Cielo II (228 apartment units), and Retreat at Wolf Ranch (303 apartment units).
The Transaction completes the "Direct Asset Sale Transaction" portion of the previously announced two-part $618.5 million strategic disposition to AvalonBay. In connection with the Transaction, BSR retained $109 million of secured Fannie Mae mortgage indebtedness with an attractive interest rate of approximately 2.7%. Proceeds from the Transaction will be used for repayment of certain indebtedness, transaction expenses and for general corporate purposes, including redeployment into potential higher growth acquisition targets in BSR's core investment markets.
LITTLE ROCK, AR. and TORONTO, March 24, 2025 /CNW/ - BSR Real Estate Investment Trust ("BSR" or the "REIT") (TSX: HOM.U) (TSX: HOM.UN) announced today that it has sold Bluff Creek Apartments in Oklahoma City, Oklahoma for gross proceeds of $28.3 million. Bluff Creek was built in 1984 and has 316 apartment units. The gross sales price is equal to the IFRS value of the property as of December 31, 2024 and represents an 8.4% increase over the IFRS value as of September 30, 2024.
"This transaction is consistent with our strategy to prove portfolio value by opportunistically divesting fully optimized assets at or near book value, with the intention of redeploying the capital into higher returning assets," stated Dan Oberste, BSR's Chief Executive Officer. "Following our recently announced $618.5 million strategic disposition to AvalonBay Communities, the sale of Bluff Creek Apartments further improves our balance sheet and liquidity, and better positions us to fully capitalize on the improving acquisitions landscape in our core Texas Triangle markets."
LITTLE ROCK, Ark. and TORONTO, March 17, 2025 /CNW/ - BSR Real Estate Investment Trust (the "REIT") (TSX: HOM.U) (TSX: HOM.UN) today announced a cash distribution of US$0.0467 per REIT unit for the month of March 2025, representing US$0.56 per REIT unit on an annualized basis. Payment will be made on April 15, 2025 to unitholders of record as at March 31, 2025.
About BSR Real Estate Investment Trust
BSR Real Estate Investment Trust is an internally managed, unincorporated, open-ended real estate investment trust established pursuant to a declaration of trust under the laws of the Province of Ontario. The REIT owns a portfolio of multifamily garden-style residential properties located in attractive primary markets in the Sunbelt region of the United States.
LITTLE ROCK, Ark. and TORONTO, March 5, 2025 /CNW/ - BSR Real Estate Investment Trust ("BSR", or the "REIT") (TSX: HOM.U) (TSX: HOM.UN) today announced its financial results for the three months and year ended December 31, 2024 ("Q4 2024" and "FY 2024", respectively). All comparisons are to the corresponding periods in the prior year. Results are presented in U.S. dollars. References to "Same Community" correspond to stabilized properties the REIT has owned for equivalent periods throughout Q4 2024 and FY 2024 and the three months and year ended December 31, 2023 ("Q4 2023" and "FY 2023", respectively), thus removing the impact of non-stabilized properties. Audited Annual Consolidated Financial Statements and Management's Discussion and Analysis as of and for the three months and year ended December 31, 2024 are available on the REIT's website at www.bsrreit.com and at www.sedarplus.ca.
LITTLE ROCK, Ark. and TORONTO, Feb. 18, 2025 /CNW/ - BSR Real Estate Investment Trust (the "REIT") (TSX: HOM.U) (TSX: HOM.UN) today announced a cash distribution of US$0.0467 per REIT unit for the month of February 2025, representing US$0.56 per REIT unit on an annualized basis. Payment will be made on March 17, 2025 to unitholders of record as at February 28, 2025.
About BSR Real Estate Investment TrustBSR Real Estate Investment Trust is an internally managed, unincorporated, open-ended real estate investment trust established pursuant to a declaration of trust under the laws of the Province of Ontario. The REIT owns a portfolio of multifamily garden-style residential properties located in attractive primary markets in the Sunbelt region of the United States.
LITTLE ROCK, Ark. and TORONTO, Jan. 21, 2025 /CNW/ - BSR Real Estate Investment Trust (the "REIT") (TSX: HOM.U) (TSX: HOM.UN) today announced that it will release its 2024 fourth quarter financial results after market close on Wednesday March 5th, 2025.
Dan Oberste, Chief Executive Officer, and Susie Rosenbaum, Interim Chief Financial Officer, will host a conference call for analysts and investors on Thursday, March 6th, 2025 at 12:00 pm (ET). To join the conference call without operator assistance, participants can register and enter their phone number at https://emportal.ink/4hjzOLN to receive an instant automated call back. Alternatively, they can dial 416-945-7677 or 1-888-699-1199 to reach a live operator who will join them into the call. In addition, the call will be webcast live at: https://app.webinar.net/Aevp0zQrqRY.
LITTLE ROCK, Ark. and TORONTO, Jan. 15, 2025 /CNW/ - BSR Real Estate Investment Trust (the "REIT") (TSX: HOM.U) (TSX: HOM.UN) today announced a cash distribution of US$0.0467 per REIT unit for the month of January 2025, representing US$0.56 per REIT unit on an annualized basis. Payment will be made on February 17, 2025 to unitholders of record as at January 31, 2025.
About BSR Real Estate Investment TrustBSR Real Estate Investment Trust is an internally managed, unincorporated, open-ended real estate investment trust established pursuant to a declaration of trust under the laws of the Province of Ontario. The REIT owns a portfolio of multifamily garden-style residential properties located in attractive primary markets in the Sunbelt region of the United States.
LITTLE ROCK, Ark. and TORONTO, Jan. 9, 2025 /CNW/ - BSR Real Estate Investment Trust ("BSR" or the "REIT") (TSX: HOM.U) (TSX: HOM.UN) announced today that it has acquired The Venue Craig Ranch Apartments ("The Venue") in the fast growing McKinney submarket of the Dallas/Fort Worth ("DFW") metropolitan statistical area ("MSA") for a purchase price of $61 million.
The Venue is a Class "A" multifamily community constructed in 2017 with 277 apartment units made up of one, two, and three-bedroom floorplans. It features attached garages, a large business center, gourmet kitchens featuring stainless steel appliances, spacious dog park, walk-in closets, resort-style swimming pool and modern fitness center and is zoned to the Frisco Independent School District which is ranked in the Top 1% in Texas and Nationwide.
TORONTO, Jan. 3, 2025 /CNW/ - The following issues have been halted by CIRO:
Company: BSR Real Estate Investment Trust
TSX Symbol: HOM.DB.U
All Issues: No
Reason: Pending Delisting
Halt Time (ET): 8:00 AM
CIRO can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. CIRO is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.
LITTLE ROCK, Ark. and TORONTO, Dec. 16, 2024 /CNW/ - BSR Real Estate Investment Trust (the "REIT") (TSX: HOM.U) (TSX: HOM.UN) today announced a cash distribution of US$0.0467 per REIT unit for the month of December 2024, representing US$0.56 per REIT unit on an annualized basis. Payment will be made on January 15, 2025 to unitholders of record as at December 31, 2024.
About BSR Real Estate Investment Trust
BSR Real Estate Investment Trust is an internally managed, unincorporated, open-ended real estate investment trust established pursuant to a declaration of trust under the laws of the Province of Ontario. The REIT owns a portfolio of multifamily garden-style residential properties located in attractive primary markets in the Sunbelt region of the United States.
LITTLE ROCK, Ark. and TORONTO, Nov. 15, 2024 /CNW/ - BSR Real Estate Investment Trust (the "REIT") (TSX: HOM.U) (TSX: HOM.UN) today announced a cash distribution of US$0.0467 per REIT unit for the month of November 2024, representing US$0.56 per REIT unit on an annualized basis. Payment will be made on December 16, 2024 to unitholders of record as at November 30, 2024.
About BSR Real Estate Investment Trust
BSR Real Estate Investment Trust is an internally managed, unincorporated, open-ended real estate investment trust established pursuant to a declaration of trust under the laws of the Province of Ontario. The REIT owns a portfolio of multifamily garden-style residential properties located in attractive primary markets in the Sunbelt region of the United States.
LITTLE ROCK, AR and TORONTO, Nov. 7, 2024 /CNW/ - BSR Real Estate Investment Trust ("BSR", or the "REIT") (TSX: HOM.U) (TSX: HOM.UN) today announced its financial results for the three and nine months ended September 30, 2024 ("Q3 2024" and "YTD 2024", respectively). All comparisons are to the corresponding periods in the prior year. Results are presented in U.S. dollars. References to "Same Community" correspond to stabilized properties the REIT has owned for equivalent periods throughout Q3 2024 and YTD 2024 and the three and nine months ended September 30, 2023 ("Q3 2023" and "YTD 2023", respectively). With the exception of the investment property under development, all properties are considered Same Community as of September 30, 2024. Condensed Consolidated Interim Financial Statements and Management's Discussion and Analysis as of and for the three and nine months ended September 30, 2024 are available on the REIT's website at www.bsrreit.com and at www.sedarplus.ca.
LITTLE ROCK, Ark. and TORONTO, Oct. 15, 2024 /CNW/ - BSR Real Estate Investment Trust (the "REIT") (TSX: HOM.U) (TSX: HOM.UN) today announced a cash distribution of US$0.0467 per REIT unit for the month of October 2024, representing US$0.56 per REIT unit on an annualized basis. Payment will be made on November 15, 2024 to unitholders of record as at October 31, 2024.
About BSR Real Estate Investment TrustBSR Real Estate Investment Trust is an internally managed, unincorporated, open-ended real estate investment trust established pursuant to a declaration of trust under the laws of the Province of Ontario. The REIT owns a portfolio of multifamily garden-style residential properties located in attractive primary markets in the Sunbelt region of the United States.
LITTLE ROCK, Ark. and TORONTO, Oct. 7, 2024 /CNW/ - BSR Real Estate Investment Trust (the "REIT") (TSX: HOM.U) (TSX: HOM.UN) today announced that it will release its 2024 third quarter financial results after market close on Thursday, November 7th, 2024.
Dan Oberste, Chief Executive Officer, and Susie Rosenbaum, Interim Chief Financial Officer, will host a conference call for analysts and investors on Friday, November 8th, 2024 at 12:00 pm (ET). To join the conference call without operator assistance, participants can register and enter their phone number at https://emportal.ink/3Y5nurD to receive an instant automated call back. Alternatively, they can dial 437-900-0527 or 1-888-510-2154 to reach a live operator who will join them into the call. In addition, the call will be webcast live at: https://app.webinar.net/mw9JkV7Mnx3.
LITTLE ROCK, Ark. and TORONTO, Sept. 16, 2024 /CNW/ - BSR Real Estate Investment Trust (the "REIT") (TSX: HOM.U) (TSX: HOM.UN) today announced a cash distribution of US$0.0467 per REIT unit for the month of September 2024, representing US$0.56 per REIT unit on an annualized basis. Payment will be made on October 15, 2024 to unitholders of record as at September 30, 2024.
About BSR Real Estate Investment Trust
BSR Real Estate Investment Trust is an internally managed, unincorporated, open-ended real estate investment trust established pursuant to a declaration of trust under the laws of the Province of Ontario. The REIT owns a portfolio of multifamily garden-style residential properties located in attractive primary markets in the Sunbelt region of the United States.
̶ Amount represents a 7.7% increase from previous level ̶
LITTLE ROCK, Ark. and TORONTO, Aug. 15, 2024 /CNW/ - BSR Real Estate Investment Trust (the "REIT") (TSX: HOM.U) (HOM.UN) today announced a cash distribution of US$0.0467 per REIT unit for the month of August 2024. Payment will be made on September 16, 2024 to unitholders of record as at August 31, 2024.
As previously announced, the amount of the August distribution represents a 7.7% increase, resulting in an increase in the annualized amount of the REIT's distribution from $0.52 per unit to $0.56 per unit.
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