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John Bitove
John Bitove
(Deborah Baic/The Globe and Mail)

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Embattled Key REIT CEO dismisses talk of sale

The battle over Key REIT is escalating with the board officially rejecting a bid for half the company and the CEO saying it’s the wrong time to sell.

“Now is not the time to sell the company when you’ve just come through a major tenant default, you’ve just paid off some of your original IPO loans and the company has clear sailing ahead,” CEO John Bitove says.