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INTERRENT REIT OBTAINS FINAL ORDER FOR PLAN OF ARRANGEMENT WITH CARRIAGE HILL PROPERTIES ACQUISITION CORP.
INTERRENT REIT OBTAINS FINAL ORDER FOR PLAN OF ARRANGEMENT WITH CARRIAGE HILL PROPERTIES ACQUISIT...
About this update from Interrent Real Estate Investment Trust
[{"type":"text","content":"\n\n\n\n INTERRENT REIT OBTAINS FINAL ORDER FOR PLAN OF ARRANGEMENT WITH CARRIAGE HILL PROPERTIES ACQUISITION CORP.\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n\n OTTAWA, ON\n \n\n ,\n \n\n Aug. 27, 2025\n \n\n /CNW/ - InterRent Real Estate Investment Trust (\"\n \n InterRent\n \n \" or the \"\n \n REIT\n \n \") (TSX: IIP.UN) is pleased to announce that it has obtained a final order from the Ontario Superior Court of Justice (Commercial List) approving the previously announced plan of arrangement (the \"\n \n Arrangement\n \n \"), pursuant to which, Carriage Hill Properties Acquisition Corp. (the \"\n \n Purchaser\n \n \"), a newly formed entity owned by CLV Group and GIC, will acquire all of the units of the REIT (other than certain units of retained interest holders) for\n \n $13.55\n \n per unit in cash by way of a statutory plan of arrangement under the provisions of the\n \n Business Corporations Act\n \n (\n \n Ontario\n \n ).\n \n\n\n\n\n\n\n\n\n The Arrangement was initially announced on\n \n May 27, 2025\n \n , and was approved by InterRent's unitholders on\n \n August 25, 2025\n \n .\n \n\n The Arrangement remains on track to close in late 2025 or early 2026.\n \n\n\n About InterRent\n \n\n\n InterRent is a growth-oriented real estate investment trust engaged in increasing unitholder value and creating a growing and sustainable distribution through the acquisition and ownership of multi-residential properties.\n \n\n InterRent's strategy is to expand its portfolio primarily within markets that have exhibited stable market vacancies, sufficient suites available to attain the critical mass necessary to implement an efficient portfolio management structure and offer opportunities for accretive acquisitions.\n \n\n InterRent's primary objectives are to use the proven industry experience of the trustees, management and operational team to: (i) to grow both funds from operations per unit and net asset value per unit through investments in a diversified portfolio of multi-residential properties; (ii) to provide unitholders with su...