BSR REIT -- summary under Cross-Border REITs

Summary Under
Tax Topics - Public Transactions - Offerings - REIT, Trust and LP Offerings - Cross-Border REITs
the units of existing unitholders of a U.S. apartment LLC effectively become exchangeable for units of a newly-formed TSX-listed MFT that will be a U.S. REIT

Overview

A closely-held Delaware LLC with a portfolio of apartment buildings in the southern U.S. appraised at U.S.$890M (“BSR”) is proposing...

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