Cominar Investment Trust was acquired for $11.75 per unit in cash by a consortium led by Canderel Management Inc., marking a strategic consolidation in Canada's real estate market.

Target Information

Cominar Investment Trust, a prominent real estate investment trust in Canada, has successfully completed a transaction where all of its outstanding units were acquired. Each unit was purchased at a price of $11.75 in cash by a consortium led by an affiliate of Canderel Management Inc. This deal also included notable partners such as FrontFour Capital Group LLC, Artis Real Estate Investment Trust, and Koch Real Estate Investments, LLC.

Under the terms of this arrangement, the consortium was able to secure not just the units but also the operational capabilities of the Trust. Furthermore, an affiliate of Mach Capital Inc. obtained a selection of the Trust's office and retail properties, expanding its portfolio in the Canadian real estate market.

Industry Overview

The Canadian real estate industry has seen significant transformation over the past few years, driven by changes in consumer behavior, investment trends, and urban development dynamics. With a growing population and increasing urba