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Bullboard - Stock Discussion Forum 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... see more

TSX:AX.PR.E - Post Discussion

Artis Real Estate Investment Pref Shs Series E > May explain office REITS tough day
View:
Post by MARKOPOLIS on Sep 22, 2023 6:21pm

May explain office REITS tough day

no bidders for Signature Bank’s CRE loan portfolio at $33B.
 
Dropped pricing to $16B.
 
Still no bidders.
Comment by SNAKEYBOY on Sep 22, 2023 6:29pm
Not sure how many buyers you can get at 16b-32b scale.  Thats some serious capital no. Selling an odd office asset for 50-150m seems more doable
Comment by Frankie10 on Sep 22, 2023 6:55pm
Nah. Not remotely comparable. Cool news though - thanks for sharing. "The FDIC is actively seeking buyers for Signature Bank's substantial $33 billion commercial real estate (CRE) loan portfolio.    Predominantly comprising multi-family properties in NYC, this attractive asset will be on the market for the next three months."
Artis Real Estate Investment Pref Shs Series E