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Winnipeg Free Press
Takeover complete, Artis REIT s new management plans to sell off properties to unlock shareholder value
With new management and a new board in place, Artis REIT revealed a radical new strategy on Wednesday that includes selling off its most coveted assets.
With new management and a new board in place, Artis REIT revealed a radical new strategy on Wednesday that includes selling off its most coveted assets.
The transformation, that will require shareholder approval, will see the real estate investment trust embark on efforts to sell off properties one at a time perhaps to try to bridge the gap between what the properties are valued at and what the units are trading at.
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