WhereDaily News: InnVest Real Estate Investment Trust Announces $252 Million Mortgage Refinancings

TORONTO, ONTARIO--(Marketwired - Oct. 9, 2013) - InnVest Real Estate Investment Trust ("InnVest") (TSX:INN.UN) announced today that it has completed the refinancing of a $183.8 million mortgage for a 67-month term through May 2019, with two additional one-year renewal options through May 2021. The mortgage, secured by 42 properties, will carry its existing weighted average interest rate of 6.0% through May 2014 (the original maturity date) and approximately 5.1% thereafter. In conjunction with this refinancing, InnVest will have access to a loan facility (which replaces its existing facility) for up to $30.0 million to fund capital expenditures.

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