Over the past four years, 360 Capital REIT (ASX:TOT) has deployed approximately $415 million across direct real estate, real estate securities and real estate debt; achieving a 15.5% internal rate of return on approximately $300 million of realised investments over the same period. TOT has now refined its focus to investments in actively managed direct real estate assets and real estate operating platforms across Australia and New Zealand
Net tangible asset
TOT announced that the Scheme of Arrangement acquiring all ordinary shares in URB Investments Limited (ASX: URB) was sucessfully implemented on 20 December 2019. Accordingly, TOT has acquired 100% of the issued capital in URB.
In accordance with the Scheme, 0.9833 new TOT securities per URB share have been issued to eligible URB shareholders. Shares of URB have been removed from the official list of the ASX and the Fund has been delisted.
If you have any queries regarding an investment in TOT, please contact our unit registry services provider.