Canadian REIT NorthWest Announces Over-allotment Buyout

The NorthWest International Healthcare Properties Real Estate Investment Trust (TSXV: MOB.UN 2.24) has announced exercising their option to purchase over-allotted shares of their equity offering. The purchase at $2 per price of the 850,900 units remaining puts the purchase at $1.7 million.

Barwa & Gazprombank Spur Russian Industry

In news from the Russian Federation, Qatar’s Barwa Real Estate and Russia’s Gazprombank create a real estate fund for undisclosed building projects. The union of these two financial powerhouses may spur additional FDI to replace funds which evacuated once the world economy contracted. New investments in Russia and Eastern Europe offer clarity to the overall real estate industry.

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