05:11 PM EST, 11/25/2024 (MT Newswires) -- Automotive Properties Real Estate Investment Trust (APR-UN.TO) after close Monday said it the completed the acquisition of two heavy construction-equipment dealership properties in the Greater Montreal Area for approximately $25.4 million.

The Greater Montreal Properties consist of a 31,000 square-foot John Deere heavy construction equipment dealership facility in Brossard, Que. and a 28,611 square-foot heavy construction equipment dealership facility in Boucherville, Que.

The REIT funded the purchase price of the Greater Montreal Properties with cash on hand and by drawing on its revolving credit facilities.

The REIT's units closed up $0.07 to $11.61 on the Toronto Stock Exchange.