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First REIT’s independent director acquires 796,900 units at 21 cents each

Felicia Tan
Felicia Tan • 1 min read
First REIT’s independent director acquires 796,900 units at 21 cents each
The exterior of Medical Rehabilitation Home Bon Séjour Komaki (Komaki), one of the two newly-acquired nursing homes. Photo: First REIT
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Martin Lechner, an independent director of First REIT’s AW9U -

manager, has acquired 796,900 units in the REIT at 21 cents each.

Lechner had paid a total of $167,349 when he bought the units via the market on Sept 18.

Following the acquisition, Lechner has a total of 5.80 million units – or a 0.28% stake in the REIT, which has 2.07 billion units.

Lechner was appointed as a director of the REIT in January 2018.

Units in First REIT closed flat at 21.5 cents on Sept 19.

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