Anthem Successfully Closes on First Real Estate Development Trust IPO on a Canadian Asset

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VANCOUVER, British Columbia, Oct.29, 2024 (GLOBE NEWSWIRE) -- Anthem Properties Group, through the Anthem Citizen Real Estate Development Trust (REDT), has successfully closed on the first Canadian initial public offering of its kind on its 66-storey, mixed-use development, Citizen, based in Burnaby, BC (by way of an offering of units of Anthem Citizen Real Estate Development Trust) (the "IPO")).

Anthem worked on this offering with CIBC Capital Markets, who acted as sole agent and has a successful track record of completed real estate development IPOs for US assets.

"It enables access to housing units for our community, including much-needed market and affordable rentals, in an architecturally significant, multi-use 66 storey tower, which represents innovation by the City ...

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Article Details

Author / Journalist: Globe Newswire

Category: InvestingBusiness

Markets: United States

Topics: Financing News IPOs Press Releases

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-29 @ 18:00:00 (4 days ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 496 words

Reading Time: 3 minutes read

Sentences: 17 lines

Sentence Length: 30 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 23370156

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