Quarz Capital and Black Crane say they will vote against the proposed Sabana–ESR merger

Quarz Capital and Black Crane Capital, together holding more than 10% of Sabana REIT, published an open letter stating that they would vote against the proposed merger with ESR-REIT, citing a significant discount to net asset value.

Summary prepared by Quarz Capital from public reporting by PR Newswire. Refer to the original publication for the full article.