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 > Does artis really have a "ton" of cash?

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Comment by garyreinson Feb 05, 2024 11:16am

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Post# 35863054

RE:RE:Does artis really have a "ton" of cash?

We're pretty sure FCR was liquidated, just not confirmed. Its the easiest way to get liquidity. Selling all retail seems strategic, not for the sake of just raising cash, but exiting it entirely. That way they probably can find a way to split it into an industrial and toxic office reit perhaps

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