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

Alternate Symbol(s):  T.AX.UN | ARESF | T.AX.PR.I

Artis Real Estate Investment Trust is an unincorporated closed-end REIT based in Canada. Artis REIT's portfolio comprises properties located in Central and Western Canada and select markets throughout the United States, including regions such as Alberta, British Columbia, Manitoba, Ontario, Saskatchewan, Arizona, Minnesota, Colorado, New York, and Wisconsin. The properties are divided into three categories: office, retail, and industrial. The industrial properties account for most of the portfolio, followed by the office properties and the retail properties.


TSX:AX.PR.E - Post by User

Comment by EstevanOutsideron Feb 29, 2024 9:21pm
73 Views
Post# 35908152

RE:Asset Sales Underway

RE:Asset Sales Underwayto babybunny's query, it seems manji did certainly sell more properties since the large retail asset sale:

RECENT DEVELOPMENTS The following is a summary of certain recent developments involving Artis since December 31, 2023. PORTFOLIO ACTIVITY Artis sold one industrial property, one office property and one retail property, all located in Winnipeg, Manitoba for an aggregate sale price of $38,395,000. The REIT entered into an unconditional sale agreement to sell a parcel of land located in Winnipeg, Manitoba for a sale price of $700,000. The transaction is expected to close in May 2024. In February 2024, Artis acquired an additional 5% interest in Park 8Ninety V, an industrial property located in the Greater Houston Area, Texas, for a price of US$9,132,436. Prior to the acquisition date, the REIT owned 95% of this investment property under a joint venture arrangement. The REIT now owns 100% of this investment property.
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