REITs
Canada's biggest retail REIT, RioCan, is on an acquisition binge. RioCan Chief Executive Edward Sonshine told analysts on a recent conference call that it would be "quite achievable" to hit an acquisition budget of $800 million "or a bit higher" this year. Previously, the REIT had earmarked $600 million. Transglobe Apartment Real Estate Investment Trust has already spent $740 million buying apartments building this year.