/NOT FOR DISTRIBUTION TO
The purchase consists of 112 new-generation units, which were completed between 2019 and 2021.
“We are thrilled to be able to add to our growing portfolio with this significant acquisition that will increase our current unit count by over 40%. I’m also extremely proud of our team to have been able to act on an acquisition of this quality within only 45 days of closing our most recent equity offering.” said
The only material assets and liabilities of the
The total value of the
On closing, the REIT anticipates paying
Independent Trustee Review and Approval Process
The independent trustees of the REIT negotiated and approved the terms of the Element Purchase Agreements.
Independent Appraisal of
Although the REIT was not required to obtain a formal valuation (within the meaning of Multilateral Instrument 61-101 (“MI 61-101“) and TSXV Policy 5.9) of the Element LP Units, the REIT obtained an independent appraisal of the…