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Edgefront REIT and Nobel REIT to merge into $300m diversified REIT

by Andrea Waitrovich

Two Canadian REITs, Edgefront Real Estate Investment Trust and Nobel Real Estate Investment Trust, plan to merge and create a diversified REIT with 36 commercial properties located across Canada.

The combined entity will have 2.1 million square feet of gross leasable area, with a combined gross book value of assets of approximately $300 million. Upon completion of the merger, the combined company is expected to be renamed Nexus Real Estate Investment Trust.

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