Certain Class B LP Units of Automotive Properties Real Estate Investment Trust are subject to a Lock-Up Agreement Ending on 12-JAN-2017.
January 11, 2017
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Certain Class B LP Units of Automotive Properties Real Estate Investment Trust are subject to a Lock-Up Agreement Ending on 12-JAN-2017. These Class B LP Units will be under lockup for 540 days starting from 22-JUL-2015 to 12-JAN-2017.
Details:
893353 Alberta Inc., has agreed not to, directly or indirectly, offer, sell or otherwise dispose of, or agree to, or announce, any such offer, sale or disposition without the prior written consent of the lead underwriters, on behalf of the underwriters any Class B LP Units acquired pursuant to the acquisition for a period of 6 months following the closing date.
893353 Alberta Inc., has agreed not to, directly or indirectly, offer, sell or otherwise dispose of, or agree to, or announce, any such offer, sale or disposition without the prior written consent of the lead underwriters, on behalf of the underwriters any Class B LP Units acquired pursuant to the acquisition for a period of 12 months following the closing date.
893353 Alberta Inc., has agreed not to, directly or indirectly, offer, sell or otherwise dispose of, or agree to, or announce, any such offer, sale or disposition without the prior written consent of the lead underwriters, on behalf of the underwriters any Class B LP Units acquired pursuant to the acquisition for a period of 18 months following the closing date.
Automotive Properties Real Estate Investment Trust (the REIT) is a Canada-based open-ended real estate investment trust. The REIT is focused on owning and acquiring primarily income-producing automotive dealership properties located in Canada. The REIT's portfolio consists of 77 income-producing commercial properties, representing approximately 2.9 million square feet of gross leasable area, on approximately 249 acres of land in metropolitan markets across British Columbia, Alberta, Saskatchewan, Manitoba, Ontario and Quebec. The REIT is a public vehicle, which is focused on consolidating automotive dealership real estate properties. Its properties include Porsche Centre Vancouver, Audi Sales Downtown Vancouver, Calgary BMW, Calgary Honda, Regina Honda, Dilawri Nissan Infiniti, Regina Hyundai, Tesla Edmonton, Go Mazda, Porsche Centre and Jaguar Land Rover Edmonton, McNaught Cadillac Buick GMC, St. James Volkswagen, Tesla KW, Guelph Hyundai, Wellington Motors, and others.