Bullboard - Stock Discussion Forum 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... see more

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Artis Real Estate Investment Pref Shs Series E > Major US industrial transaction today

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Post by EstevanOutsider on Jun 26, 2023 2:20pm

Major US industrial transaction today

For over $ 3 billion. Implies significant value for Artis' US industrial division:

https://www.prnewswire.com/news-releases/prologis-to-acquire-14msf-blackstone-industrial-portfolio-in-3-1-billion-deal-301862756.html

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Comment by SNAKEYBOY on Jun 26, 2023 3:18pm

Didn't they sell most of it already. I think they got Manitoba industrial mostly

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Comment by EstevanOutsider on Jun 26, 2023 3:34pm

their annual report listed over 4 million sq ft of US industrial space. The recent small sale and planned unconditional sales would come nowhere close to expected value of selling most of it.

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Artis Real Estate Investment Pref Shs Series E