Canadian Net Real Estate Investment Trust announced the acquisition of four properties in Nova Scotia and Quebec. Total consideration paid was $18,800,000 (excluding transaction costs) and was settled in cash. The purchase price represents a capitalization rate of approximately 6.5% for the portfolio.

The acquisitions are as follows: The first acquisition is a 30,500 square foot retail store operated under the Giant Tiger banner in Truro, Nova Scotia, which closed on May 19, 2022. The second acquisition is a 29,698 square foot grocery store operated under the Metro banner located in Chénéville, Québec, which closed on May 24, 2022. The third acquisition is a 35,991 square foot grocery-anchored retail strip located in St-André-Avellin, Québec, which closed on May 24, 2022.

The fourth property is a 3,500 square foot service-station operated under the Couche-Tard banner in St-Jérôme, Québec, which closed on May 24, 2022.