VIEWS FROM THE TOP: SABANA REIT, SASSEUR REIT, CENTRESQUARE

ReitAsiaPac asked leading REITs for their views on their respective sectors for the rest of the year.

New Tech Park Building Source: Sabana REIT

SABANA REIT: COVID-LED CHALLENGES PERSIST

Donald Han, the Chief Executive Officer of Sabana Real Estate Investment Management, is putting the REIT’ s failed merger with ESR-REIT behind after unitholders, led by fund managers Quarz Capital and Black Crane Capital, voted against the deal in December.

Both REITs had in July announced an all stock deal that valued Sabana REIT at S $ 397 million( US $ 298 million) or 37.7 Singapore cents per unit. Both Quarz and Black Crane, which own about 11 % of Sabana REIT, regarded the ESR-REIT offer to be too low. Quarz Capital had previously proposed a