Rounding up top reads from around the web, including articles shared by fellow investors in the Financial Horse Facebook Group.

Singapore real estate investment trusts ESR and Sabana propose to merge (CNA)

Singapore’s ESR-REIT has agreed to buy Sabana Shari’ah Compliant Industrial REIT in a deal that will create the country’s fifth-largest industrial real estate investment trust by assets, adding to a wave of consolidation in the sector. Each Sabana unitholder will receive 94 new ESR-REIT units for every 100 Sabana Units held, the companies said in a joint statement on Thursday (Jul 16). The merged entity will have total assets worth about S$4.1 billion, they said. ESR-REIT is backed by Asian logistics developer e-Shang Redwood (ESR) – a venture of private equity firm Warburg Pincus and global investors. e-Shang Redwood also owns shares in Sabana. “With ESR as a developer-sponsor, the enlarged REIT will also have access to a pipeline of assets worth over US$22 billion in a marke...