AIP Realty Trust Announces Private Placement and Updates on AllTrades Acquisition

AIP Realty Trust A ( ($TSE:AIP.U) ) has shared an announcement.

AIP Realty Trust announced a non-brokered private placement of up to 14 million Series B Convertible Preferred Units, aiming to raise $7 million. The proceeds will fund the completion of its business combination with AllTrades Industrial Properties, LLC. Additionally, AIP is progressing with the AllTrades Transaction, planning a brokered private placement to raise $100 million for the acquisition of AllTrades’ membership interests and industrial suites. This strategic move is expected to enhance AIP’s market position and expand its industrial property portfolio.

More about AIP Realty Trust A

AIP Realty Trust operates in the real estate industry, focusing on the acquisition and management of industrial properties. Its primary market focus is on industrial business suites, aiming to expand its portfolio through strategic transactions.

Learn more about AIP.U stock on TipRanks’ Stock Analysis page.