AIP Realty Trust A (TSE:AIP.U) has released an update.
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AIP Realty Trust announced its third-quarter 2024 financial results, highlighting a 20% drop in investment property revenue due to lease expirations and vacancies at its Eagle Court Property in Texas. However, the property is now fully leased with a 28% increase in rental rates for the newly occupied unit, reflecting strong demand for light industrial flex facilities. Additionally, AIP Realty Trust completed significant financial transactions, including a private placement and debt satisfaction with related parties.
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