ESR-REIT (SGX: J91U) is not resting on its laurels. After the successful merger with Viva Industrial Trust back in 2018, ESR-REIT is now looking to merge with Sabana Shariah Compliant REIT (SGX: M1GU) to become the fourth largest industrial Singapore real estate investment trust (REIT) by market share. What does that entail? What does each REIT unitholder get out of this? Let’s dive deeper into the announcement that was made earlier this morning to find out. TL;DR: Merger of Two Industrial REITS — ESR-REIT & Sabana REIT  Key highlights from the proposed merger: The enlarged REIT will become Singapore’s fourth largest industrial REIT by market share and the fifth largest by asset size. Together, the enlarged REIT will have 75 properties with a total asset size of S$4.1 billion. The merger will be carried out by ESR-REIT acquiring all Sabana REIT units by way of a trust...