Plaza Retail REIT (TSX:PLZ.UN) and its partner agreed to acquire Grocery-Anchored Strip Plaza in Ontario on June 30, 2020. As per the transaction, Plaza Retail REIT will own 50% interest in the property on closing, while remaining 50% will own by the partner. The equity required to close this acquisition will be funded with debt from Plaza’s partner. The closing conditions and due diligence has been met. The transaction is expected to close in August 2020.