(Source: Kansas City Business Journal)
Entertainment Properties Trust (NYSE: EPR) said Monday that it had completed the acquisition of Toronto Dundas Square, a 13-level entertainment retail center in downtown Toronto, by paying off senior debt of about $120 million Canadian, or $116.7 million U.S.
As a result of closing on the property, which had been in receivership since April, Entertainment Properties Trust’s second mortgage on the project has been extinguished, the company said in a release.
To help finance the acquisition, Entertainment Properties closed on a new $97 million mortgage credit facility with a group of banks.
Read Rob Roberts’ full article “Entertainment Properties Trust closes deal to buy Toronto Dundas Square” in the Kansas City Business Journal (March 8, 2010).