TriWest to sell industrial properties to Edgefront REIT for $36.7 mln
Canadian mid-market private equity firm TriWest Capital Partners has agreed to sell three industrial properties in Alberta to Edgefront Real Estate Investment Trust (TSXV: ED.UN) for around $36.7 million. The properties are being sold through two TriWest portfolio companies, Triple M Housing Ltd, which TriWest acquired last year, and Northern Mat & Bridge LP, which has been backed by the firm since 2012. Edgefront is acquiring the assets on a sale-leaseback basis from the tenant owners on 15-year lease terms. Last November, Edgefront struck a $68 million property deal with a former TriWest portfolio company, RTL Westcan LP.
2 June 2014•7 mins read
