The trust was offered at 80 cents per unit.
Hazelview Securities, a cornerstone investor at the recent IPO of Daiwa House Logistics Trust, has cut its stake in the REIT.
According to a filing with the exchange, Hazelview on Jan 19 sold nearly 6.79 million units for around $5.5 million, which works out to an average of around 81 cents per unit.
