Artis REIT has sold $112.7 million in recent months.

Winnipeg-based Artis said it made the divestments in, and subsequent to, the third quarter.

The transactions closed, or were unconditional, during that time frame. The assets included five office properties spanning 493,820 square feet. Artis did not provide the locations of the properties.

“Proceeds from these transactions, along with additional dispositions underway, will enable us to continue reducing our overall debt, which is a key near-term priority for Artis,” said the REIT in a news release accompanying its third quarter report.

The REIT said it disposed of one office building for $3.5 million without giving further details.

Artis announced that it has established a special committee to initiate a strategic review process designed to unlock and maximize unit value for investors. BMO Nesbitt Burns will provide financial advisory services and assist with the strategic review.