Off-market insider buying at Choice Properties REIT (CHP)

Off-market insider buying at Choice Properties REIT (T:CHP)

W. Galen Weston, a Subsidiary Executive, acquired 16,500,000 Trust Units on an indirect ownership basis for registered holder Wittington Properties Limited at a price of $12.460 through a private transaction on July 31st, 2020. This represents a $205,590,000 investment into the company's shares and an account share holdings change of greater than 100%.

Choice Properties REIT is in the Commercial REITs Sub Industry Group under the Financials Sector.

Choice Properties Real Estate Investment Trust (the Trust) is an unincorporated, open-ended real estate investment trust. The Trust is the owner, manager and developer of retail and other commercial properties across Canada. Its portfolio comprises approximately 727 properties with a total gross leasable area (GLA) of approximately 65 million square feet. Its portfolio includes retail properties, industrial properties, an office complex and undeveloped parcels of land. The retail properties are made up of approximately 320 properties with a standalone retail store operating under a Loblaw banner; approximately 190 properties anchored by a retail store operating under a Loblaw banner that also contain one or more ancillary tenants, and seven properties containing only ancillary tenants. Its subsidiaries include Choice Properties Limited Partnership, Choice Properties GP Inc. and Choice Properties PRC Brampton Limited Partnership.