Inception REIT to merge with Subversive Real Estate Acquisition REIT.

Inception REIT, the first real estate investment trust formed by a cannabis industry investment firm, is set to merge with Subversive Real Estate Acquisition REIT, which intends to focus on real estate businesses and assets that are involved in the cannabis industry and related sectors. The merger is expected to close on October 30, 2020, subject to satisfaction of various closing conditions. Financial terms were not disclosed. “In an environment with broad global uncertainties, fears of future hyper-inflation and where yield is both rare and valuable, I-REIT investors have been in an inflation-protected asset-class within a high-growth industry. This positioning is only further enhanced by participating with Subversive REIT in this monumental transaction to give our investors additional options for scale, liquidity and a public market premium,” Omar Mangalji, Inception Companies Co-founder and Inception REIT Sponsor.