Subject: KingSett Real Estate Growth LP No. 5 Acquires Trust Units of InnVest REIT
KingSett Real Estate Growth LP No. 5 Acquires Trust Units of InnVest REIT
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November 26, 2014 |
KingSett Real Estate Growth LP No. 5 Acquires Trust Units of InnVest REIT
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TORONTO, ONTARIO--(Marketwired - Nov. 26, 2014) - KingSett Real Estate Growth LP No. 5 ("KS") announced today that in connection with the announcement by InnVest Real Estate Investment Trust that it has closed its previously announced public offering of trust units ("Units"), on a bought deal basis, and concurrent private placements of Units from certain of its largest unitholders, KS acquired 5,520,000 Units representing approximately 4.8% of the outstanding Units, at a price of $5.25 per Unit for an aggregate purchase price of $28,980,000. The Units were acquired pursuant to a subscription agreement on a private placement basis. After giving effect to the transaction, KS has control and direction over a total of 15,536,366 Units, representing approximately 13.4% of the outstanding Units. The Units were acquired in the ordinary course of business, for investment purposes only. |
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CONTACT INFORMATION: |
KingSett Real Estate Growth LP No. 5 Jon Love Managing Partner (416) 687-6788
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INDUSTRY: Financial Services - Investment Services and Trading, Financial Services - Personal Finance |
Suite 900, 25 York Street, Toronto, ON M5J 2V5 |
Toll Free:888-299-0338 |
Phone: 416-362-0885 |
info@marketwired.com
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