Transactions - FEBRUARY 15, 2017

To read this full article you need to be subscribed to Newsline.

Sign in Start Your Free Trial Now View Purchase Options

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.

Glossary, videos, podcasts, research in the Resource Center

Forgot your username or password?

Close your account?

Your account will be closed and all data will be permanently deleted and cannot be recovered. Are you sure?

We respect your privacy! Please give consent for processing data as described in our Privacy Policy