Canadian Net REIT acquires Sobeys grocery store in Truro, Nova Scotia for $9M cash.

Canadian Net Real Estate Investment Trust (REIT) has acquired a Sobeys-operated grocery store in Truro, Nova Scotia, for $9 million in cash. This purchase aligns with the company's strategy of investing in high-quality, triple net properties. CEO Kevin Henley noted that lower interest rates are creating more opportunities in the market, and Canadian Net is committed to pursuing its disciplined growth approach amid a dynamic real estate environment.