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Ravelin Properties lands $600 million debt investment

Investor George Armoyan touts countercyclical strategy for faith in office REIT
A Ravelin Properties holding in Chicago. Robert Gigliotti (CoStar)
A Ravelin Properties holding in Chicago. Robert Gigliotti (CoStar)
CoStar News
April 1, 2025 | 8:36 P.M.

G2S2 Capital Inc., a Halifax-based investment company controlled by activist investor George Armoyan, purchased $600 million, or about 419 million U.S. dollars, of the debt and obligations of Ravelin Properties REIT as Armoyan works to turn around the office owner.

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