Artis Real Estate Investment Trust (AX_u.TO)
* Intends to use proceeds from transaction to repay its revolving term credit facility
TORONTO, Sept 28 Canada's Artis Real Estate Investment Trust is looking to sell retail and industrial assets in Alberta worth about C$300 million ($227 million) to diversify away from the oil-producing province, according to two sources familiar with the process.
* Artis releases second quarter results: raised $115.0 million in equity offering and acquired office portfolio in madison, wisconsin
* Artis REIT announces acquisition of U.S. office portfolio, $100 million equity offering, proposed redemption of Series F debentures and provides update on other recent developments
* Artis releases first quarter results: ffo payout ratio improves to 71.1%