Post by
SNAKEYBOY on Sep 22, 2023 10:17pm
Would be nice if Manji gave a strategic review update
Unless a privitization for entire reit is being finalized, which would obviously change the SP action drastically, I dont think it would hurt if Manji gave a high level idea of what options under review like NWH did:
"The Committee and its advisors have received a broad range of enquiries from third parties, including expressions of interest and non-binding proposals regarding certain potential asset dispositions. The Committee, following consultation with its financial and legal advisors, has determined to explore, among other strategic initiatives, transactions involving the potential sale of all or part of Northwest’s U.S. and/or Brazil property portfolios.
Comment by
EstevanOutsider on Sep 22, 2023 11:00pm
An update should be due anyday from Artis given the debenture expired on Sept 18. Unlike Morguard today which issued 9.5% paper to redeem 4% paper, Artis didn't make such an announcement. Guessing they paid it off partly with cash and credit facility pending asset sale proceeds.
Comment by
SNAKEYBOY on Sep 22, 2023 11:26pm
Or public security sales. Crazy how manji has so much renewals this year and was buying public securities....he really thought the "hiking" cycle would stop at 3% lol