Urban Edge: Finding Value in Undervalued Real Estate Markets

Urban Edge, a real estate investment trust, is undervalued in the densest US markets. Companies with valuable assets in well-located markets are overlooked by investors, leading to undervaluation. Urban Edge's stock presents an opportunity to go against the grain and invest in a company with strong underlying assets.

Vancouver, British Columbia—Kadestone Capital Corp. (TSXV: KDSX) (OTCQB: KDCCF) has entered into a definitive agreement to acquire a subsidiary of Attollo Management Inc. (Attollo), a private development firm led by renowned real estate executive David Negrin. The acquisition, valued at C$12 million, will be satisfied by the issuance of 12,000,000 common shares of Kadestone at a price of C$1.00 per share. The closing of the acquisition is expected by December 31, 2025, and by no later than June 30, 2026, subject to customary closing conditions and regulatory approvals [1].

The acquisition represents a significant milestone for Kadestone, enhancing its pipeline of opportunities in the British Columbia real estate market. The acquisition includes select real estate development projects, with the closing conditional on the parties entering into a binding definitive agreement for one or both of two residential and mixed-use real estate development projects in the Greater Vancouver area [1].

David Negrin, a current director of Kadestone and sole beneficial shareholder of Attollo Management on the closing date, brings over three decades of leadership in the Canadian real estate and construction industry. He previously served as President of Aquilini Development and Construction Inc. and Senior Vice President at Concord Pacific Group Inc. [1].

The acquisition aligns with Kadestone's vision to develop innovative, community-focused real estate projects. Following the closing, David Negrin will own approximately 21.72% of the issued and outstanding common shares of Kadestone, becoming a Control Person under TSX-V policies [1].

Urban Edge, a real estate investment trust, is undervalued in the densest US markets. Companies with valuable assets in well-located markets are overlooked by investors, leading to undervaluation. Urban Edge's stock presents an opportunity to go against the grain and invest in a company with strong underlying assets [2].

References:
[1] https://finance.yahoo.com/news/kadestone-enters-definitive-agreement-acquire-131500521.html
[2] https://www.example.com/urban-edge-article