Artis Real Estate Investment Pref Shs Series E T.AX.P.E

3 or 4 party consortium

[garyreins]

Makes sense whoever wants to be involved in a privatization will go to 10 to 20m shares at 6 to 7 bucks,   then a buyout would only need to buyout between 30 and 50m shares and can be funded from asset sales...300 to 500m.  Much more manageable with 4 parties, but even 3 is doable.

Would be hard for these big entities like Joyce or edgepoint to ever sell their stake on the open market.

Iris is a good structure to funnel liquidity out.

This does seem like the most likely outcome.  But will they lowball us.

[DZtrader]

So I posted numerous times about a consortium possibly being formed as a distinct possibility but am concerned about the possibility of lower than expected outcome, to which you immediately replied "For investors to cash out at a solid price, forget the lowball privitzation with the consortium" and one whole day later you do a complete flip flop and suggest "This does seem like the

[garyreins]

We shall get more clues on Thursday in addition to seeing what edgepoint does on the buy sides.  Either way its coming down to the wire.   If I can sell my shares any time in the near future at > $10 I will be very happy.   Theres too many reits that have now been tossed off a cliff that can be purchased.  I have no attachment to artis or its assets. GLTA!

[Catchtherally]

Samir will do what is best for Samir and his investors at sandpiper. Likely means taking it private at the cheapest premium. However BMO, lawyer, rod, and Lis are there to protect our interests. 

[garyreins]

Sandpipers reputation with public reits will be tarnished if he sold big plans for artis transformation plan but ended up hostile taking it while ceo for dirt cheap.  Wouldn't see him gaining control of any other CAD reit