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M&A / Property

Realia to sell real estate interests for $26M (U.S.)

By The Northwire Desk — AI Analysis Feb 06, 2026 · 16:50 RLP · None Realia Properties Inc
RLP · Price

Executive Summary

  • Realia Properties Inc. entered into an agreement to sell its combined beneficial interests in Metro Gateway Center (Arizona) and Martin Downs Town Center (Florida) for a total purchase price of US $26 million.
  • The sale is subject to customary conditions, including satisfactory due‑diligence, lender, shareholder and TSX Venture Exchange approvals.
  • No guarantee that the transaction will close; the company will issue further updates as information becomes available.

Key Details

  • Transaction: Proposed sale of Realia’s 25.01 % beneficial interests in two retail shopping centers.
  • Assets:
  • Metro Gateway Center – 64,793 sq ft retail property in Phoenix, AZ.
  • Martin Downs Town Center – 36,252 sq ft retail property in Palm City, FL.
  • Purchase Price: Combined US $26 million (cash consideration).
  • Conditions to Closing:
  • Completion of purchaser’s due‑diligence investigations to its satisfaction.
  • Receipt of all required approvals from Realia’s lenders, shareholders and the TSX Venture Exchange.
  • Status: Agreement signed; closing pending fulfillment of conditions. No assurance that sale will be completed.

Notable Quotes

(No direct quotes provided in the release.)

Read the original news release →

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