LOAN RECEIVABLE

12 Months Ended

Dec. 31, 2023

Loan Receivable [Abstract]

LOAN RECEIVABLE

7. LOAN RECEIVABLE

In conjunction with the closing of the acquisition of two industrial properties in Avon, United States, on March 30, 2023 (note 3), the loan receivable made to the developer of the properties with an outstanding balance of $76.8 million (US$56.4 million) was repaid. As at December 31, 2022, the loan balance was $69.2 million (US$51.1 million).