TriWest partner Edgefront REIT strikes $300 mln merger deal
Edgefront Real Estate Investment Trust (TSX-V: ED.UN) has agreed to merge with Nobel Real Estate Investment Trust (TSX-V: NEL.UN) to create a $300 million REIT with 36 commercial properties located across Canada. The deal, which will see Noble unit-holders receive, for each trust unit held, 1.67 trust units of Edgefront, is expected to close in April. The combined company is expected to be named Nexus Real Estate Investment Trust. Canadian private equity firm TriWest Capital, Edgefront's largest unit-holder, has agreed to support the merger. Calgary-based Edgefront has an acquisition sourcing partnership with TriWest and RFA Capital Partners.
14 February 2017•8 mins read
