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PHOENIX-U.S. Bank has closed on two loans, totaling more than $31 million, for Artis, a Winnipeg, Canada-based REIT, to acquire two office buildings in the Phoenix area: ASM America Headquarters Building and North Scottsdale Corporate Center II.

“The REIT model continues to expand globally, and Canadian companies are a major player in the space,” said John Besse, EVP of commercial real estate for U.S. Bank. “We’re pleased to expand our relationship with Artis, a highly-respected firm with whom we’ve provided financing to acquire five properties across the country since the start of 2011.”

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