Anthem Citizen REDT plans a C$82m IPO for a mixed-use transit-oriented project in Burnaby, BC.

Anthem Citizen Real Estate Development Trust (REDT) is set to launch an initial public offering (IPO) aiming to raise C$82 million. The investment trust focuses on a mixed-use, transit-oriented development in Burnaby, British Columbia, featuring 372 condos, 200 market rentals, 73 affordable units, 176 hotel suites, and retail space. The IPO is slated to close on October 29, 2024, with CIBC World Markets Inc. as the sole agent. The securities are not registered in the U.S. and cannot be sold there unless compliant with U.S. laws.