Canadian real estate investment trust company Dream Global REIT has inked an agreement to sell all of its subsidiaries and assets in an all-cash deal.
Under the terms of the transaction, Dream Global REIT will sell all its subsidiaries and assets to the affiliates of real estate funds managed by U.S. investment major Blackstone.
On closing of the deal, which is valued at $6.2 billion, Dream Global unitholders will receive cash consideration of $16.79 per Dream Global unit.
More so, upon closure of the move, Dream Global will have boosted its equity market capitalisation by nearly eight times and will have delivered total annualised returns of 15 percent to its unitholders.