Real Estate

Subversive Real Estate Acquisition Reit Lp Announces Us$182.8 Million Qualifying Transaction To Become Publicly Traded Internally Managed Cannabis Reit

by benzinga.com posted 4months ago 146 views
TORONTO, Oct. 7, 2020 /CNW/ - Subversive Real Estate Acquisition REIT LP (NEO: SVX.U) (NEO: SVX.RT.U) (OTC:SBVRF) (the "REIT LP") today announced it has entered into binding agreements (the "Agreements") to acquire real properties in the amount of approximately US$97.4 million and originate or acquire US$85.4 million of first lien mortgages (collectively, the "Initial Portfolio"), to become a leading real estate capital provider for prominent cannabis operators that own or are seeking industrial and retail real estate in high growth markets in the United States.

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