RFA Financial has negotiated the sale of more than $340 million in real estate assets as part of a broader disposition strategy.

Some transactions have already closed while others have yet to be completed. Located in Canada and the U.S., the properties were owned by Artis before the REIT completed its recent merger with RFA Capital under the new RFA Financial. Artis had been in sell-off mode for more than a year before the merger deal closed.

The asset sales are part of RFA’s strategy to rotate capital away from real estate and into its core financial services platform, which includes a federally regulated Schedule I bank and mortgage origination and servicing operations.

The company said it has completed $60.4 million in property sales, secured $86.8 million in unconditional sale agreements and entered into conditional deals worth approximately $196.6 million, while also launching a marketing process for an additional 1.3 million square feet of assets.

“Our focus on unlocking value within our real estate portfolio and recycling capital into higher–return financial services investments is a key component of our strategy,” said Ben Rodney, president and CEO of RFA. “We are pleased with the significant progress achieved in a short period as we continue to demonstrate for our shareholders that our disciplined execution is translating into tangible outcomes that reaffirm the strength and resilience of our long–term strategy.”

Completed transactions include the sale of a 90% interest in Corridor Park, a development land parcel in Texas, for $15.4 million, as well as the sale of Canarama Mall and Circle West, two retail properties in Saskatchewan, for a combined $45.0 million. These deals closed on February 3 and March 13, 2026.

RFA said it also has unconditional agreements in place to sell a Canadian office property and parkade, along with a U.S. industrial asset, for a total of $86.8 million. These transactions are expected to close later in 2026, subject to standard conditions.

The company noted that the combined value of closed and unconditional deals represents a 4.1% premium to the properties’ IFRS values as of December 31, 2025, and a 6.7% premium compared with valuations from June 30, 2025, prior to the transaction with Artis.

In addition, RFA has approximately 1 msf of office and industrial space under conditional contracts totalling about $196.6 million, and has engaged BMO Capital Markets to market a further 1.3 msf of industrial assets.

Pictured: Calgary office building.

Photo: Artis REIT