Q: Hi Peter,
Daniel Drimmer was part of a group that took transglobe apartment reit public, then lead a group to privatize those same properties. A few months later, again, Mr. Drimmer is now taking some apartment properties in Montreal public (TN.UN).
First off, can you offer any insights as to why Mr. Drimmer would go public with a set of properties (tga.un); then privatize them a few years later; then take another group of properties public (tn.un)?
And secondly, what are your thoughs on True North Apartment Reit?
Thanks.
Daniel Drimmer was part of a group that took transglobe apartment reit public, then lead a group to privatize those same properties. A few months later, again, Mr. Drimmer is now taking some apartment properties in Montreal public (TN.UN).
First off, can you offer any insights as to why Mr. Drimmer would go public with a set of properties (tga.un); then privatize them a few years later; then take another group of properties public (tn.un)?
And secondly, what are your thoughs on True North Apartment Reit?
Thanks.