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Imperial Equities Completes New Acquisition/Consolidates Land in its Coppertone Industrial Common

EDMONTON, ALBERTA/CNW/  – Imperial Equities Inc. (TSX-V:IEI) has acquired the former Teamsters property in Edmonton, Alberta. The acquisition is an important strategic asset that consolidates certain land holdings in Imperial’s Coppertone Industrial Common. Located in northwest Edmonton and developed by Imperial Equities in 2004, Coppertone Industrial Common consists of seven properties with almost 120,000 square feet of first-class industrial space, most of which was developed by Imperial directly and is 100% occupied.

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Latest News Article

President’s Report: 2021 First Quarter Report

A year ago, I wrote about growth and about how our economy was starting to emerge from years of capriciousness. We had endured several years of tough economic circumstances and the optimism felt good. And then came COVID-19 and another oil price crash in a justrecovering economy. Twelve months later, it seems that the tough years were just a warm-up for 2020. But the warm-up did its job and made us tougher, more resilient, and ready to manage all that came our way.

There is no question we are still managing through COVID-19 and it will continue to impact how we do business this year. Its impacts will still be felt in our financials as some rent deferrals extended into Q1 2021, and the recovery of these deferred rents will likely continue through to 2023. With lingering uncertainty, our prudence will sustain.

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