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(Teun van den Dries/iStockphoto)

Partners REIT’s ex-CEO rebuffs independent trustees

Adam Gant, the former chief executive officer of Partners REIT and the co-founder of its external manager, is taking on the real estate trust’s independent trustees.

Last week the trustees said they are in favour of internalizing the Partners’ management – explained here – and released their proxy circular on the subject on Monday, arguing that it’s the best thing for the REIT and its investors.