BSR REIT Announces US$618.5 Million Strategic Disposition Unlocking Growth Potential and Eliminating Class B Unit Consent Rights
BSR Real Estate Investment Trust ("BSR" or the "REIT") (TSX: HOM.U) (TSX: HOM.UN) today announced that it has entered into two agreements to sell an aggregate of nine properties, consisting of 2,701 apartment units, to AvalonBay Communities, Inc. ("AVB") (NYSE: AVB) for gross consideration valued at approximately US$618,500,000 (collectively, the "Transaction"). The value ascribed to the nine properties to be sold by the REIT pursuant to the Transaction is approximately in line with the REIT's I