30%+ upside, full portfolio is already on the market
This is a real estate trust set to wind down by December 10, 2025. Potential upside stands at 30%+. The entire remaining portfolio consists of 121 retail properties leased to a major retailer for at least the next 16 years.
The trust has been in liquidation mode since late 2020, but management took a deliberately slow approach—first due to COVID, then due to tough RE market conditions and high interest rates.
However, the approach started shifting in the second half of 2024, when management began signaling that the market was improving and that the company would soon start “aggressively marketing” the portfolio. All properties are on the market already in a single package offer.
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