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Partners REIT in public spat with its own trustees

Partners REIT’s plans to internalize its management team won’t be such an easy task: the company’s major shareholder opposes the idea.

Just last week, Partners announced that its independent trustees decided that internalizing the management team was in the best interest of the REIT and its investors. However, their plan needs shareholder approval, and obtaining it could be tricky because the largest owner has close ties to both the company and the external manager.