REIT Unit definition

REIT Unit means a unit of beneficial interest in the Centurion Apartment REIT (other than a Special Voting Unit and the Initial Unit) authorized and issued hereunder as such and for the time being outstanding and includes a fraction of a unit and any other classes of units authorized by the Trustees as such.

REIT Unit means a unit of beneficial interest in Boardwalk REIT (other than a Special Voting Unit) authorized and issued under the Declaration of Trust;

REIT Unit means a trust unit of the REIT (other than a Special Voting Unit) authorized and issued under the REIT Deed of Trust for the time being outstanding and entitled to the benefits and subject to the limitations set forth therein;

Examples of REIT Unit in a sentence

• Holders of REIT Units are entitled to cast one vote per REIT Unit held by them on each matter to be acted on by holders of REIT Units at the Meetings, and holders of GP Shares are entitled to cast one vote per GP Share held by them on each matter to be acted on by holders of GP Shares at the Meetings.

• On January 28, 2015, the REIT completed the January 2015 Offering, when it issued 4,312,500 REIT Units (including REIT Units issued pursuant to the exercise in full of the over-allotment option granted by the REIT to the underwriters of the offering) at a price of $10.80 per REIT Unit to a syndicate of underwriters on a bought deal basis for gross proceeds to the REIT of approximately $46,575.

• In addition, the REIT completed a concurrent private placement, issuing 1,357,475 REIT Units to Alberta Investment Management Corporation and affiliates (“AIMCo”) on a non-brokered private placement basis at a purchase price of $11.05 per REIT Unit for additional net proceeds to the REIT of approximately $14,868 (the “Concurrent Private Placement”).

• On July 25, 2016, the REIT issued 814,485 REIT Units at a price of $11.05 per REIT Unit to the syndicate of underwriters of the July 2016 Offering, pursuant to their exercise in full of their over- allotment option, for net proceeds of approximately $8,571 (together with the July 2016 Base Offering, the “July 2016 Offering”).

• On July 18, 2017, the REIT issued 6,735,500 REIT Units (including REIT Units issued pursuant to the exercise in full of the over-allotment option granted by the REIT to the underwriters of the offering) at a price of $12.85 per REIT Unit to a syndicate of underwriters on a bought deal basis for net cash proceeds to the REIT of approximately $82,612 (the “July 2017 Offering”) (inclusive of underwriters’ fees and issuance costs of $3,940).

More Definitions of REIT Unit

REIT Unit means a trust unit of the REIT authorized and issued under the Declaration of Trust, and having the attributes corresponding in all material respects to the descriptions thereof in this Agreement and in the Preliminary Prospectus, the Prospectus and any Amendment and includes, for certainty, the Offered Units;

REIT Unit means the trust units of Granite REIT.

REIT Unit means a unit representing an interest in the Trust (other than a Special Voting Unit) authorized and issued hereunder and having the characteristics and properties set out in Section 6.2;

REIT Unit is defined in the Arrangement Agreement.

REIT Unit means a unit of Granite REIT;

REIT Unit means a trust unit of Extendicare REIT; “RFP” means a request for proposal;

REIT Unit means a trust unit of the REIT (other than a Special Voting Unit) issued pursuant to the REIT Declaration of Trust and having the attributes described therein.