Allied Properties Real Estate Investment Trust recorded an almost $500 million loss in the fourth quarter as the Toronto-based office REIT took writedowns on its assets in Canada's four largest cities by population.
Allied Properties REIT Takes $500 Million Loss Amid Writedowns
Toronto-Based Office Landlord's CEO Sees Inflection Point in Office Market
By Garry Marr
CoStar News
February 2, 2024 | 8:21 P.M.
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- Properties
- The Well
8 Spadina Ave, Toronto, ON
- Companies
- Allied
Real Estate
- TD Bank Group
Finance and Insurance