RioCan, Allied and Diamondcorp to Sell Residential Component of the Well to Tridel and Woodbourne
RioCan Real Estate Investment Trust | July 26, 2016
RioCan REIT (TSX:REI.UN), Allied Properties REIT (TSX:AP.UN) and Diamondcorp (collectively, "The Well JV") today announced that they have entered into a binding agreement to sell the residential component of The Well to Tridel Builders Inc. and Woodbourne Canada Partners III (CA) LP for approximately $180 million, subject to certain closing conditions.