BROSSARD, QC, Oct. 1, 2013 /CNW Telbec/ - BLF Real Estate Investment
Trust ("BLF REIT") (TSXV: BLF.UN), announces that it will not proceed with the
acquisitions of the properties described in its September 6, 2013
preliminary prospectus (the "Target Properties") and the related proposed public offering.
The proposed acquisitions are no longer accretive to its unitholders in
view of the recent fluctuations in the real estate capital markets. BLF
REIT is therefore renegotiating the terms of the acquisitions with
certain vendors of the Target Properties. BLF REIT will not incur any
termination fees as a result of its inability to proceed with any of
About BLF REIT
The principal business of BLF REIT is acquiring, holding, developing,
maintaining, improving, leasing, managing or otherwise dealing with
income-producing multi-family residential properties located throughout
Québec. BLF REIT currently owns eight properties located in greater
Montreal, Sherbrooke and Québec City totaling 1,054 apartment units.
Neither the TSX-V nor its Regulation Services Provider (as that term is
defined in policies of the TSX-V) accepts responsibility for the
adequacy or accuracy of this release.
SOURCE: BLF Real Estate Investment Trust
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