Choice Acquires Nine Industrial Properties Across Canada for $340.3 Million

Choice Properties REIT has purchased nine industrial properties across Canada for $340.3 million. The acquisitions include a distribution center in Ajax, Ontario, leased back to Loblaw, and eight undisclosed outdoor-storage sites from a third party. Choice plans to focus on capital preservation, cash flow growth, and advancing its commercial development pipeline in 2025, backed by necessity-based and logistics tenants. These strategic investments highlight Choice's commitment to leveraging its strong tenant base and balance sheet for sustainable growth.