Jan. 7 news
True North Apartment Real Estate Investment Trust ("True North," or the "REIT") (TSX VENTURE:TN.UN) announced today that it has agreed to acquire (the "Acquisition") a portfolio of 17 properties (the "Acquisition Properties") and the installment note for an aggregate purchase price of $152.8 million. The Acquisition Properties are currently owned and operated by D.D. Acquisitions Partnership (the "Vendor"), an entity controlled by Daniel Drimmer, a trustee and significant unitholder of the REIT.
How come? The company I am an investor of buys something from another investor of the company.
WHY?Something is fishy here.
No wonder that the stock lost at the end of Jan. 8 4.36% at a very high volume
|Vol / Avg.||581,046.00/71,728.00|