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of TransCanada Tower in Calgary to HOOPP TORONTO, Oct.
The property has almost doubled in value since louis vuitton agenda refill paper its construction by H in 2001. Use of proceeds will be to repay debt, including the existing mortgage of $82.1 million. H proforma debt to total asset ratio is expected to improve to 44.2% from 45.8% at June 30, 2016. H unencumbered pool of assets is expected to grow to $2.6 billion while total unsecured debt is expected to decrease to $1.3 billion, resulting in a 2.0 times unencumbered asset coverage ratio. H President and CEO, Thomas Hofstedter, said: are pleased to be partnering with HOOPP, one of Canada's premier pension funds and look forward to the beginning of a successful and long term relationship. The selling price and capitalization rate of this property validates our strategy of acquiring high quality properties leased long term to creditworthy tenants." H REIT is Canada's largest diversified real louis vuitton bracelet 2015 estate investment trust with total assets of approximately $14.5 billion at June 30, 2016. H REIT is a fully internalized real estate investment trust and has ownership interests in a North American portfolio louis vuitton shoes pakistan of high quality office, retail, industrial and residential properties comprising over 46 million square feet. Certain statements in this news release louis vuitton neverfull youtube contain forward looking information within the meaning of applicable securities laws (also known as forward looking statements). These forward looking statements include, but are not limited to H plans, objectives, expectations and intentions, including the repayment of the existing mortgage on TransCanada Tower, the expected closing date of the 50% non managing interest in TransCanada Tower, H expected pro forma debt to asset ratio and H proforma unencumbered assets and unsecured debt. Such forward looking statements reflect H current beliefs and are based on information currently available to management.
Although the forward looking statements contained in this news release are based upon what H believes are reasonable assumptions, there can be no assurance that actual results will be consistent with these forward looking statements. All forward looking statements in this news release are qualified by these cautionary statements. These forward looking statements are made as of today and H except as required by applicable law, assumes no obligation to update or revise them to reflect new information or the occurrence of future events or circumstances.
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