The latest push involves a portfolio sale worth 79.8 million Canadian dollars, supplemented by 90.5 million in new unconditional agreements and 100.8 million in conditional contracts. These 26 properties are scattered across regions including Winnipeg, Manitoba, and Saskatoon, Saskatchewan. RFA reported that prices for closed and unconditional deals are tracking 4% higher than the values recorded one year ago.
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RFA Financial Accelerates Exit from Legacy Real Estate Assets
Since merging with Artis REIT in February, RFA Financial has offloaded or contracted for sale 535.7 million Canadian dollars in property holdings. The financial services firm is aggressively shedding its legacy real estate portfolio to pivot capital toward higher-yielding operations, marking a definitive shift in its long-term corporate strategy.
To date, the company has finalized 140.3 million Canadian dollars in sales, while 178.5 million remains under unconditional contract and 216.9 million is tied to conditional agreements. By divesting these assets, RFA aims to redeploy liquidity into its core financial services platform, moving away from the real estate holdings inherited through its February merger.
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