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Cross Border News  + Alberta & Prairies + Canada  + Industrial  |  July 15, 2024
Artis REIT Houston Property
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By: Monte Stewart

Artis Completes Sale of Houston Industrial Portfolio for US$234.2M

Canada’s Artis REIT has completed its previously announced sale a 12-building industrial property in the Greater Houston Area for US$234.2 million.

The portfolio is located in a single industrial park known as Par

Winnipeg-based Artis did not disclose the buyer, but published reports have identified the purchaser as U.S. public-equity firm KKR.

The deal is part of a massive Artis asset sell-off that began in 2023 and is designed to reduce debt.

Photo: Artis REIT

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About Monte Stewart

Monte Stewart serves as Content Director - Canada for Connect Commercial Real Estate. Based in Vancouver, British Columbia, Monte provides daily news coverage of major Canadian commercial real estate markets, including Vancouver, Toronto, Montreal and Calgary. He has written about the real estate sector for various media outlets and Avison Young since the early 2000s. In addition, he has covered sports, general news and business for several leading wire services and publications, including The Canadian Press, The Associated Press, The Calgary Herald, The Globe and Mail, Research Money, The Daily Oil Bulletin, Natural Gas World and The Toronto Star. Monte is active in his community as a youth basketball coach and raises funds for such charitable causes as Movember.
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