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Granite REIT closes C$400M 10-asset portfolio sale, obtains C$500M revolver

Granite Real Estate Investment Trust wrapped up its C$400 million sale of a 10-property portfolio and obtained a C$500 million unsecured senior revolving credit facility.

The industrial REIT said the revolver is available by way of Canadian dollar, U.S. dollar or euro-denominated loans or debt. The facility has a five-year term starting Feb. 1 and replaces the company's existing C$250 million credit facility.