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Dream Office REIT selling Alberta property portfolio for C$200M

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Dream Office REIT selling Alberta property portfolio for C$200M

Dream Office REIT agreed to off-load a 12-property portfolio in Alberta encompassing roughly 1.5 million square feet of gross leasable area to a third party for about C$200 million in gross proceeds.

The company, which previously decided to substantially write down its Alberta properties, said it expects to close the transaction in the first quarter.