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 a diversified Canadian real estate investment trust with a portfolio of industrial, office and retail properties in Canada and the United States. The Company’s portfolio comprises more than 100 commercial properties. Its properties include Bower Centre; Maynard Technology Centre; McCall Lake Industrial; Pepco Building; Alex Building; 1093 Sherwin Road; 1681-1703 Dublin Avenue; Keewatin Distribution Centre; 360 Main & Shops of Winnipeg Square; Hamilton Building; Bell MTS Building II; Grande Prairie Power Centre; Northern Lights Shopping Centre I; 2190 McGillivray Boulevard; 1431 Church Avenue; Prudential Business Park 1; 951-977 Powell Avenue & 1326 Border Street, 100 Omands Creek Boulevard, Hudson's Bay Centre, and others.

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Artis Real Estate Investment Pref Shs Series E > Huge Morguard Ottawa office sale today @ $500 psf

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Comment by BlueJay2020on Mar 09, 2024 6:11pm

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Post# 35924763

RE:Huge Morguard Ottawa office sale today @ $500 psf

This should be viewed as a significant transaction. The buyer basically had a call option. Why exercise it now and not lster? Ostensibly, because the buyer feels they woukd have to oay materially more in future Despite this, they were willing to pay $500 per sq ft, well above where most office REITs ate trading (arguably "at market") ...so imagine what conparable properties will be worth as we emerge from this cyclical trough.

Unlike Morguard Dream, Allied, Artis, TNT and co. do not have to sell. They can all afford to play the long game. We will be well rewarded for doing the same.

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