BLF REIT and 8881723 Canada Inc. announce the completion of the acquisition

BROSSARD, QC, Sept. 9, 2014 /CNW Telbec/ - BLF Real Estate Investment Trust ("BLF REIT") (TSXV: BLF.UN) and 8881723 Canada Inc. (the "Offeror"), a corporation controlled by a personal holding entity of Mathieu Duguay and the Fonds immobilier de solidarité FTQ, announce that the Offeror has acquired all the remaining 92,254 trust units of BLF REIT not previously owned by the Offeror, its affiliates or joint actors, being approximately 2.77% of BLF REIT's issued and outstanding units, pursuant to the right of compulsory acquisition under the contract of Trust of BLF REIT. The Offeror, its affiliates or joint actors, previously held approximately 97.23% of the issued and outstanding units of BLF REIT.

The units have been delisted from the TSX Venture Exchange at the close of business on August 11, 2014 and BLF REIT has filed applications in order to cease to be a reporting issuer under applicable Canadian securities laws.

About BLF REIT

The principal business of BLF REIT is acquiring, holding, developing, maintaining, improving, leasing, managing or otherwise dealing with income-producing multi-unit residential properties located throughout Québec.  BLF REIT currently owns seven properties located in Greater Montréal, Sherbrooke and Québec City totaling 1,049 apartment units.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE BLF Real Estate Investment Trust

Copyright 2014 Canada NewsWire