Equity firm makes court application for REIT unitholder meeting regarding alleged $1B asset disposal

By Anosha Khan (January 10, 2023, 3:52 PM EST) -- Sandpiper Group, a private equity firm, and Artis Real Estate Investment Trust are making an application in the Ontario Superior Court’s Commercial List for a special meeting of unitholders to replace four trustees on the board of First Capital Real Estate Investment Trust (FCR) as early as March 1. The applicants own about nine per cent of the outstanding units of the trust....