Dream Industrial REIT plans to redeem 5.25% convertibles due 2019

By Wendy Van Sickle

Columbus, Ohio, June 20 – Dream Industrial Real Estate Investment Trust plans to redeem its outstanding 5.25% convertible debentures due Dec. 31, 2019, according to a news release.

The company plans to use some proceeds of a $125 million equity offering to partially fund the redemption.

The Toronto-based open-ended real estate investment trust owns and operates a portfolio of 219 geographically diversified light industrial properties.

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