Anthem Citizen Real Estate Development Trust (REDT) announced its IPO on October 16, 2024, and closed it on October 29, 2024, raising $65M–$82M at $10 per unit. Proceeds will fund a 66-story, transit-oriented development in Burnaby, BC, featuring condominiums, rentals (including affordable units), hotel suites, and retail space. Managed by Anthem Properties Group, the project targets a 15% annual return and a liquidity event within five years. CIBC World Markets Inc. acted as agent, with Blake, Cassels & Graydon LLP and Stikeman Elliott LLP as legal advisors. Units are not listed, with returns reliant on future asset monetization.