I'm still looking at NWH through the lensThat the strategic review outcome/goal is not to improve the balance sheet of the REIT and continue on.
They will divest portfolios or assets in 1-2b range, and then perhaps the PDL team will privatize the remaining portion of it when the debt level risk is mitigated. My only concern, as is with artis reit, is that the market conditions and financing has run into a rough patch at this time, but I dont know the private markets well enough to know if there's still good volume in the CRE space. The unit price of these reits have just been decimated across the board, I hope it is not that bad as it looks
"The Committee has engaged Canadian banks, Scotiabank and RBC Capital Markets, and international bank Deutsche Bank Securities, each as co-advisors to provide financial advisory services, and DLA Piper (Canada) LLP as legal counsel to the Committee."
Mr. Klein brings more than three decades of experience in the real estate industry in a variety of capacities including finance, property acquisition, development, asset management, underwriting, and risk management. Mr Klein is the founder and CEO of Canada ICI Capital Corporation ("Canada ICI"), a real estate finance group with annual origination volumes in excess of $5 billion and assets under management of more than $2 billion.