MISSISSAUGA, ON, Oct. 15, 2014 /CNW/ - Morguard North American Residential Real Estate Investment Trust (the "REIT") (TSX: MRG.UN) today announced that it has declared a distribution of 5 cents per unit for the month of October, 2014. The distribution will be payable on November 14, 2014 to unitholders of record as at October 31, 2014.
About Morguard North American Residential REIT
The REIT is an unincorporated, open-ended real estate investment trust which owns, through a limited partnership, interests in a portfolio of 14 Canadian residential apartment communities, located in Alberta and Ontario, and 30 U.S. low-rise and mid-rise, garden-style apartment communities located in Alabama, Colorado, Florida, Georgia, Louisiana, North Carolina and Texas consisting of 12,850 residential suites.
SOURCE: Morguard North American Residential Real Estate Investment Trust
For further information: Morguard North American Residential REIT, K. (Rai) Sahi, Chief Executive Officer, (905) 281-3800; Robert D. Wright, Chief Financial Officer, (905) 281-3800