Fronsac Real Estate Investment Trust announced that the Board of Trustees have appointed Jason Parravano as President and Chief Executive Officer of the Trust effective immediately. Mr. Parravano, currently Chief Financial Officer, has been with Fronsac since the beginning 2015. Michel Lassonde will continue to hold the position of Chairman of the Board of Trustees, providing leadership to Fronsac's growth strategy.

Mr. Jacques Beaudry, a member of the Board of Trustees, will assume he role of interim Chief Financial Officer. M. Beaudry, one of the founders of Fronsac, has an extensive knowledge of the businesses in which the Trust operates, and was a member of the Order of Chartered Accountants of Quebec for numerous years.