AIP Realty Trust has announced the execution of an engagement letter with Desjardins Capital Markets for a significant financing transaction. The Trust plans to raise approximately US$100 million through a fully marketed offering of securities, with the proceeds supporting a business combination with AllTrades Industrial Properties, LLC. This transaction involves acquiring six completed AllTrades Serviced Industrial Business Suites facilities. The partnership with Desjardins Capital Markets is seen as a strategic move to ensure the successful completion of the financing, marking a pivotal milestone for AIP Realty Trust. Approval from the TSX Venture Exchange is still required for the transaction to proceed.
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