Subversive Real Estate Acquisition REIT LP Files Preliminary Prospectus for IPO
|Areas||Cannabis, Corporate Finance and Securities, REITs and Income Securities|
Goodmans LLP represented Subversive Real Estate Acquisition REIT LP (“the REIT LP”) in connection with the filing of its preliminary prospectus for an initial public offering of Class A Restricted Voting Units. The REIT LP is a newly established Ontario limited partnership formed for the purpose of effecting an acquisition of one or more businesses or assets, by way of a merger, amalgamation, arrangement, equity exchange, asset acquisition, equity purchase, reorganization or any other similar business combination involving the REIT LP.
The REIT LP is a special purpose acquisition corporation (SPAC) for the purposes of the Neo Exchange, and will be the first publicly listed Canadian SPAC that is structured as a real estate investment trust. The REIT LP intends to execute a qualifying transaction which will aggregate a portfolio of properties with a focus on assets used in cannabis industries.