[4][6] As part of the re-structuring, the company was renamed RioCan REIT, a short form for "Retail Industrial Office Canadian".

In 1995, it acquired five shopping centres in Ottawa from Ivanhoe Inc. for $42.5 million, almost doubling the size of the company (at the time, it had 29 properties).

[9] In 2010, the firm launched a successful expansion into the United States, taking advantage of low real estate prices there.

RioCan used some of the proceeds of the deal to fund its previously announced buyout of Kimco Realty's joint venture stake for $715 million.

[11] In 2011, RioCan announced a $1 billion joint venture with Tanger Factory Outlet Centers to develop 10-15 centres in Canada.

[14] Starting around 2015, RioCan entered the residential real estate market, due to the threat from e-commerce to traditional retail.

The sales would mainly be in smaller urban centres; the company plans to focus on the six largest Canadian cities of Toronto, Montreal, Ottawa, Calgary, Edmonton, and Vancouver.