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

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

Real Estate REIT - Diversified

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.

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Artis Real Estate Investment Pref Shs Series E > Just called the shorts to rain on Gary's parade

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Comment by Mongoose1234on Dec 14, 2023 5:01pm

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Post# 35785546

RE:RE:RE:RE:RE:Just called the shorts to rain on Gary's parade

no, it's not terribly surprising
BMO has already been engaged, so they likley need to be involved in any dispositions at this point forward (or you run into issues with conflicts of them not being involved etc)

but likely, it's part of the bigger strategy wiht BMO. sell x,y,z and youre left with A,B (privatize at that point).

this is likely a stepping stone in a larger plan of attack

it's not quite as easy as Gary would like to have it appear. just go out and sell $3,000,000 of assets and return the money to investors

this is a difficult plan and it'll take some steps to execute (each of these assets are quite different classes, so will take different buyers and different appraoches to sell)

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