Varia US Properties AG (SWX:VARN) entered into an agreement to acquire remaining stake in portfolio of properties in US from Peak Capital Partners, LLC on December 14, 2017. Under the terms of the agreement, the non-controlling interest holders will receive assets of the portfolio up to their net equity participation, which will be calculated based on the appraisals of December 31, 2017 prepared by Colliers. This transaction will grant Varia with 100% ownership on its remaining portfolio. The transaction is subject to the approval of the lenders and of the housing authorities where applicable. It is expected that most approvals will be granted in the first quarter of 2018 and the majority of the properties will be transferred subsequently; the transfer of the last few properties is expected to only occur in September 2018. Varia US Properties AG (SWX:VARN) completed the acquisition of remaining stake in portfolio of properties in US from Peak Capital Partners, LLC on January 1, 2018.