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Longtime investor increases stake in Artis REIT

Artis Real Estate Investment Trust longtime investor Ronald Joyce acquired a further 50,000 trust units at C$13.68 apiece through his holding company Jetport Inc.

Following the acquisition, Joyce's direct and indirect beneficial ownership and control over units increased by roughly 0.04% to a total of 15,050,000 units, translating to about 10% of Artis' issued and outstanding units.

In an Oct. 19 release, Artis CEO Armin Martens acknowledged Joyce's increased ownership position and expressed gratitude for Joyce's "public expression of support for our vision and long-term strategic direction."