Login
Breaking News

George Armoyan's Clarke to take over Ravelin in billion-dollar deal

Transaction to settle fate of beleaguered former Slate Office 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 George Armoyan, an entrepreneur with extensive experience in real estate and other industries, has agreed to acquire Ravelin Properties REIT in an all‑stock transaction that would bring a decisive end to the office landlord’s long struggle to stabilize its balance sheet.

This news story is available exclusively to CoStar subscribers.

Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success.

This news story is available exclusively to CoStar subscribers.

Ready to Learn More?

Sign Up For a Personalized Demo.

Sign Up For a Demo To Learn More.

Already A Subscriber? Sign In

IN THIS ARTICLE