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Canadian REIT unit holders to vote on Choice Properties merger April 11

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Canadian REIT unit holders to vote on Choice Properties merger April 11

Canadian REIT will hold a special unit holders meeting April 11 to vote on its proposed merger with Choice Properties Real Estate Investment Trust.

The combination will create Canada's largest real estate investment trust with an enterprise value of roughly C$16 billion and a portfolio of 752 properties spanning 69 million square feet of gross leasable area.

Under the plan, agreed in February, Choice Properties will acquire all of Canadian REIT's assets and assume its liabilities.