00:23:17 EDT Thu 09 Apr 2026
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Realia Properties plans to sell 8.25% bond

2026-04-08 19:57 ET - News Release

Mr. Eric Fazilleau reports

REALIA PROPERTIES INC. ANNOUNCES PROPOSED SALE OF BOND

Realia Properties Inc. entered into an agreement dated effective March 20, 2026, with an arm's-length party, pursuant to which the company proposes to sell an 8.25 per cent secured bond with a principal amount of $6,785,000 (U.S.) for the face value, subject to the terms and conditions thereunder.

The bond was issued by Primos Alternative Investments and secured by an interest in development proceeds owing to it by T-Westbrook Center LLC with respect to a commercial retail centre located in Connecticut. The bond was first acquired by the company to preserve an investment opportunity in said real estate asset. As the Connecticut retail centre has encountered significant development issues since the bond issue, the company proposes to sell the bond for its face value.

Completion of the proposed sale is conditional upon, among other things, the company receiving all required prior approvals from its shareholders and the TSX Venture Exchange. There is no assurance nor guarantee that the company will complete the proposed sale as described or at all. The proposed sale will be presented to the company's shareholders for approval at its upcoming AGM (annual general meeting) to be held on April 28, 2026.

In the event that the bond is sold as described and if the proposed sale of the company's real estate assets is completed as announced in its news release dated Feb. 6, 2026, the company will have no other assets other than the sales proceeds received. While the company intends to use such proceeds to identify and, if thought desirable, to acquire new real estate assets, there is no assurance or guarantee that the company will do so, in which event the company will have no active operations.

The company will provide further updates as they become available.

About Realia Properties Inc.

Realia is a real estate issuer that currently holds the following assets:

  • A 25.01-per-cent beneficial interest in Martin Downs Town Center, a 36,252-square-foot retail shopping centre, located in Palm City, Fla.;
  • A 25.01-per-cent beneficial interest in Metro Gateway Shopping Center, a 64,793-square-foot retail shopping centre, located in Phoenix, Ariz.

The company has entered into an agreement with respect to the proposed sale of such assets. There is no assurance nor guarantee that such sale will be completed on the terms/conditions described above or at all.

We seek Safe Harbor.

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