Artis' Plans To Become An Open-Ended Trust
1 min read
Artis Real Estate Investment Trust will see some significant changes in the near future, as their newly appointed management team plans to shift the REIT into an open-ended trust. The announcement comes shortly after their 100-day review process and outlines their strategy to monetize their real estate assets and increase distributions reach April.
Samir Manji, CEO of Artis, states, “There is a lot embedded in this bold, pioneering and truly unique vision. We will become agnostic on how we own real estate. We will focus heavily on emphasizing the importance of capital allocation. We will embrace opportunism and capitalize on the inefficiencies that the capital market provides for us.”
To meet critical aspects of its strategy, Artis’ will begin monetizing its industrial portfolio and office and retail assets across Canada. The earnings will then become capital market investments, value-add investments and developments once again. In turn, it will solidify their hope of increasing value and investor interest.
Learn more about Artis’ plans to become an open-ended trust.
Reference
Wilcox, D. (2021, March 10). Artis management TABLES 'BOLD new vision and strategy'. Retrieved March 11, 2021, from https://renx.ca/artis-management-tables-bold-new-vision-and-strategy/
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