PROREIT Announces Agreements to Acquire 17 Industrial Assets for an Aggregate Purchase Price of $136.8 Million, $72.5 Million Bought Deal Public Offering of Trust Units and $21.7 Million Concurrent Private Placement
PROREIT has made a significant move to expand its portfolio by announcing agreements to acquire 17 industrial assets in Quebec City for $136.8 million. To finance the deal, the company is also planning a $72.5 million bought deal public offering of its trust units and a $21.7 million private placement. This expansion underscores PROREIT's commitment to growing its real estate investment trust, likely driving shareholder value and enhancing its market presence. The acquisition of high-quality industrial assets is strategic, aiming to tap into the robust demand for industrial real estate in the region.
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