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FINWIRES

Carriage Hill Acquisition of InterRent REIT Clears All Closing Conditions

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All closing conditions regarding Carriage Hill Properties Acquisition's plan to acquire InterRent Real Estate Investment Trust (IIP-UN.TO) have been satisfied, InterRent said Thursday.

Under the terms, Carriage Hill will acquire all of units of the REIT, other than certain units of retained interest holders, for C$13.55 per unit in cash.

Units of the REIT are expected to be delisted from the Toronto Stock Exchange following the deal's close, which is expected on or about July 9, according to InterRent.

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