Anthem Property Group Limited
/Not intended for distribution to U.S. newswire services or dissemination in the United States/
The final long-form prospectus can be accessed on SEDAR+.
VANCOUVER, British Columbia, October 16, 2024 (Globe Newswire) — Anthem Citizen Real Estate Development Trust (“REDT”) today announced an expression of interest and announced that they had received the promise. Amount of C$82 million filed with the securities regulatory authorities of each province and territory of Canada to receive a final prospectus (the “Prospectus”) for the initial public offering of the Trust Units (the “Prospectus”) I did. (provided).
This recruitment is expected to close on October 29, 2024.
REDT is a newly formed unincorporated investment trust established for the principal purpose of indirectly owning an interest in a mixed-use, transit-oriented development project (the “Project”) located in Burnaby, British Columbia. Ta. The project will consist of 372 condominium units, 200 market rental units, 73 off-market affordable rental units, 176 hotel suites, and 4,881 square feet of retail space. The project is currently beneficially owned by a subsidiary of Anthem Developments (Canada) Ltd. and its non-managing co-investment partners.
CIBC World Markets Inc. (the “Agent”) is the sole agent for this offering.
This press release does not constitute an offer to sell or the solicitation of an offer to buy REDT’s securities in the United States, and does not constitute an offer to sell or a solicitation of an offer to buy REDT’s securities in the United States, and does not constitute an offer to sell or a solicitation of an offer to buy REDT’s securities in the United States, and does not constitute an offer to sell or a solicitation of an offer to buy REDT’s securities in the United States, and does not constitute an offer to sell or a solicitation of an offer to buy REDT’s securities in the United States. It doesn’t exist. It will be illegal. The securities mentioned herein have not been and will not be registered under the United States Securities Act of 1933, as amended (the “1933 Act”). Additionally, it may not be offered or sold in the United States unless registered under the U.S. securities laws. Subject to applicable state securities laws or exemptions from the registration requirements of the U.S. Securities Act and applicable state securities laws.
This offering will be made available to the public only by means of a prospectus. Access to the prospectus and prospectus amendments is provided in accordance with securities laws regarding procedures for providing access to the prospectus and amendments. The prospectus can be accessed on SEDAR+ (www.sedarplus.com). Electronic or paper copies of the prospectus and amendments to the prospectus may be obtained free of charge from CIBC World Markets Inc. by telephone at 1-416-956-6378 or by email at mailbox.canadianprospectus@cibc.com. Masu. We will provide such contact information by email or postal address, as appropriate. Investors should read the prospectus before making an investment decision.
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Anthem Citizens Real Estate Development Trust
Anthem Citizen Real Estate Development Trust was formed for the primary purpose of indirectly owning a development interest in a mixed-use, transit-oriented development project in Burnaby, British Columbia, consisting of 372 condominium units, 200 market The development and operation of buildings including rental units, 73 off-market affordable rental units, 176 hotel suites, and 4,881 square feet of retail space.
Forward-looking statements
This news release contains statements that contain forward-looking information within the meaning of Canadian securities laws. These forward-looking statements reflect REDT’s current expectations regarding future events, including statements regarding the commitments and expressions of interest related to the offering, the use of the proceeds of the offering, the timing of closing of the offering, and related expectations. I am. For the development of the project. In some cases, forward-looking statements include words such as “may,” “might,” “will,” “could,” “should,” “will,” or “will occur.” ”, “expected”, and “plan”. , “anticipate”, “believe”, “intend”, “seek”, “objective”, “estimate”, “goal”, “plan”, “anticipate”, “anticipate”, “possibility” ”, “continue”, “It is highly possible”, “planned”, negative expressions, and other similar expressions regarding matters that are not historical facts.
Important factors and assumptions used by REDT’s management in preparing forward-looking information include, but are not limited to, REDT’s current expectations regarding: Construction and Development Risks. Obtain the necessary building permits for your project. The realization and timing of increases in asset values. Inventory of mixed-use properties. competition from mixed-use real estate developers; Burnaby, British Columbia real estate market. changes in government laws and regulations; Property encumbrances associated with the project. significant fixed expenses and fees associated with maintaining, operating and managing the project; closing costs and other transaction costs associated with the acquisition and disposition of projects; Financing availability and current interest rates. Lack of income. Assumptions regarding rental growth rates, hotel occupancy rates and average daily rates in Canada’s mixed-use real estate market. Demographic trends. Changes in interest rates. Litigation risk. The relative illiquidity of real estate investments. Canada’s economic environment. Geographic Concentration of REDT’s Operations. natural disasters and bad weather. Demand levels and local economic conditions for mixed-use real estate in the Vancouver metropolitan area. Negative geopolitical events. public health crisis. REDT Capital Structure. distribution. Depletion of capital. Potential conflicts of interest. Depends on the integrity and ability of the project’s project manager to manage and operate the project. Reliance on property management company. REDT’s limited operating history. REDT management experience is limited with respect to reporting issuer management. limited liquidity of Class A and Class F units; and tax law. Although REDT’s management believes that these assumptions are reasonable based on currently available information, they may prove to be incorrect.
Although management believes that the expectations reflected in such forward-looking statements are reasonable and represent REDT’s current internal expectations, expectations and beliefs, such statements , which may be general or specific, involve known and unknown risks and uncertainties that give rise to possibilities. that any expectations, forecasts, predictions, forecasts or conclusions may not prove to be accurate, that assumptions may prove to be incorrect and that objectives, strategic goals and priorities may not be achieved; Due to a variety of factors, many of which are beyond REDT’s control, actual results in future periods may differ from the estimated or anticipated events or results expressed or implied by such forward-looking statements. may differ significantly from current expectations. Such factors include the risks identified in the prospectus, including under the heading “Risk Factors” in the prospectus. Readers are cautioned not to place undue reliance on forward-looking statements. Except as required by applicable Canadian securities laws, REDT does not make any forward-looking statements, whether as a result of new information, future events or otherwise, We assume no obligation to publicly update or revise the information after that date. Occurrence of unexpected events.
Additional information about Anthem Citizen Real Estate Development Trust can be found at www.citizenbyanthemdevtrust.com and www.sedarplus.com.
About Anthem properties
Anthem is a real estate development, investment and management company that strives, solves and evolves to create better spaces and stronger communities, with more than 385 residential, commercial and retail projects under its belt. Founded in 1991, Anthem is a team of 800 with a diverse portfolio of 41,700 residential units, 11.5 million square feet of retail, industrial and office space, and 9,800 acres in Alberta, British Columbia. We have developed over 60 communities on our land. , Ontario and California. We are a growing place.
contact:
Elisha McCallum
Vice President of Communications
Phone: 604.488.3612 Mobile: 778.668.0185
Email: emccallum@anthemproperties.com
