Anthem Launches First Canadian Real Estate Development Trust IPO to Expedite Housing Availability in Metro Vancouver

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VANCOUVER, British Columbia, Sept.10, 2024 (GLOBE NEWSWIRE) -- Anthem Properties Group has launched an initial public offering on its 66 storey, mixed-use development, Citizen, located in the heart of Metrotown in Burnaby, British Columbia, with the goal of increasing housing availability in a critically constrained market.

"Policy changes, increased costs, shifting market cycles and more create an ongoing challenge for developers hunting for capital which requires innovative and creative thinking to get projects off the ground," said Anthem Core-Founder & ...

Units in this IPO will be issued through the newly created Anthem Citizen Real Estate Development Trust.

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Author / Journalist: Globe Newswire

Category: InvestingBusiness

Markets: United States

Topics: Press Releases IPOs News

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Article Type: News Report

Published On: 2024-09-11 @ 00:30:00 (20 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

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News ID: 22454132

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