JV Driver Projects: Automotive Properties REIT Completes Straightline Kia Property Acquisition

TORONTO, Dec. 16, 2019 /CNW/ - Automotive Properties Real Estate Investment Trust (TSX: APR.UN) ("Automotive Properties REIT" or the "REIT") announced today that it has completed the previously-announced acquisition of the Straightline Kia automotive dealership property (the "Property") located in Calgary, Alberta, from an affiliate of the JV Driver Group ("JV Driver"), for a purchase price of approximately $8.4 million.