Artis REIT's radical plan to turn itself around: Morph into

Artis REIT's radical plan to turn itself around: Morph into a private equity firm


The Globe and Mail
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DARRYL DYCK/The Globe and Mail
The activist investor who took control of Artis REIThas unveiled his transformation plan after 100 days in power, and his fix is to turn the real estate investment trust into a holding company that looks very similar to his existing private equity firm.
The plan, if approved by unitholders, would see Artis sell many of its properties and redeploy the cash into equities of real estate companies. The REIT will also fund development projects and embark on its own activist campaigns.

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