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Sun Residential Real Estate Investment Trust ( (TSE:SRES) ) has shared an announcement.
Sun Residential REIT has announced that its unitholders have overwhelmingly approved the sale of its properties and the subsequent wind-up and termination of the trust. The sale includes a 51% interest in a ‘Class A’ multi-family residential property in Tallahassee, Florida, and an 8-unit property in Cape Coral, Florida. The proceeds from these sales will be distributed to unitholders in two phases before the trust is wound up. This decision marks a significant shift in Sun’s operations, impacting its stakeholders by liquidating its assets and ceasing operations.
More about Sun Residential Real Estate Investment Trust
Sun Residential Real Estate Investment Trust is an unincorporated open-ended real estate investment trust focused on acquiring multi-family residential properties in the Sunbelt region of the United States.
Average Trading Volume: 555,759
Technical Sentiment Signal: Buy
Current Market Cap: C$20.33M
See more data about SRES stock on TipRanks’ Stock Analysis page.