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VICTORIA, BRITISH COLUMBIA--(Marketwire - Sept. 24, 2012) - Partners Real Estate Investment Trust, (TSX:PAR.UN) announced today that it has closed the previously announced new revolving credit facility for $20.0 million with a syndicate of Canadian chartered banks, including a new accordion feature that can be exercised to increase the availability to $50.0 million. The facility is renewed annually. The increased credit facility availability provides the REIT with attractive financing and greater financial flexibility to execute its growth strategies going forward. |
