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George Armoyan's Clarke to take over former Slate Office REIT in billion-dollar deal

Transaction aims to settle fate of what's now called Ravelin Properties REIT
Ravelin, formerly known as Slate Office, is based in this office building at 401 The West Mall, in Toronto. (CoStar)
Ravelin, formerly known as Slate Office, is based in this office building at 401 The West Mall, in Toronto. (CoStar)
CoStar News
March 27, 2026 | 10:20 P.M.

Clarke Inc., a real estate investment firm led by entrepreneur George Armoyan, agreed to buy Ravelin Properties REIT in an all‑stock deal that could help end the acquired office landlord's long struggle to stabilize its balance sheet.

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News | George Armoyan's Clarke to take over former Slate Office REIT in billion-dollar deal