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