Announcement of the sale of Golden Acres Shopping Centre
/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/
VANCOUVER, Sept. 11, 2014 /CNW/ - Sunstone Opportunity (2007) Realty Trust (the "Trust), and
Sunstone Opportunity (2007) Mortgage Fund (the "Fund") announced today that they have sold Golden Acres Shopping Centre located in Calgary, Alberta for $13,750,000 less standard closing costs and adjustments. The sale was completed on August 27, 2014. Sunstone acquired Golden Acres in June 2009 for $10,475,000 plus standard closing costs and adjustments.
Sunstone intends to distribute available net proceeds from the sale of Golden Acres to the unitholders October 15, 2014.
This news release is intended for distribution in Canada only and is not intended for distribution to United States newswire services or dissemination in the United States. The securities being offered have not, nor will they be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. registration or an applicable exemption from the U.S. registration requirements. This release does not constitute an offer for sale of securities in the United States.
Additional information about Sunstone is available at www.sunstoneadvisors.com or www.sedar.com.
SOURCE: Sunstone Opportunity (2007) Realty Trust
Andrew Greig, Director of Business Development, Sunstone Opportunity (2007) Realty Trust & Sunstone Opportunity (2007) Mortgage Fund, Suite 910, 925 West Georgia Street, Vancouver, BC, V6C 3L2, Phone: (604) 681-5959 or (888) 681-5959, E-mail: [email protected]
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