05:25 PM EDT, 09/25/2025 (MT Newswires) -- Automotive Properties Real Estate Investment Trust (APR-UN.TO)it closed the acquisition of six automotive-related properties in Quebec from a third party for a purchase price of approximately $70.5 million.

The portfolio includes five dealership properties and one collision center, totaling about 178,000 square feet of leasable area on roughly 28 acres of land. The properties are leased on long-term agreements to affiliates of Groupe AutoForce, with annual rent escalations tied to the Quebec Consumer Price Index.

To fund the acquisition, the REIT issued $10.0 million of Class B Limited Partnership Units at $12.00 per unit through its operating subsidiary, with the balance financed via its credit facilities.

The REIT's shares closed down $0.04 to $11.37 on the Toronto Stock Exchange.