Edgefront Real Estate Investment Trust Announces Management Changes; Announces Cash Distribution for the Months of August and September, 2016, Payable on September 15, 2016 and October 14, 2016, Respectively
August 18, 2016 at 12:43 am
Share
Edgefront Real Estate Investment Trust (REIT) announced that Mr. Robert Dickson is stepping down as a trustee of the REIT to focus on other ventures. Brad Cutsey, President of Interrent REIT, will join the board of trustees as audit committee chair, bringing 18 years of real estate and capital markets experience to the REIT. Prior to his current role, Mr. Cutsey held the position of Managing Director and Head of Real Estate Investment Banking with Dundee Capital Markets.
The REIT will make a cash distribution for the month of August 2016 in the amount of $0.01333 per unit, representing $0.16 on an annualized basis, payable September 15, 2016 to unitholders of record as of August 31, 2016.
The REIT will also make a cash distribution for the month of September 2016 in the amount of $0.01333 per unit, representing $0.16 per unit on an annualized basis, payable October 14, 2016 to unitholders of record as of September 30, 2016.
Nexus Industrial REIT is a Canada-based open-ended real estate investment trust. The Company and its subsidiaries own and operate commercial real estate properties across Canada. It has a portfolio of industrial, office and retail properties in Canada, with a focus on acquiring and owning industrial properties. The Company owns a portfolio of 115 properties (including two properties held for development, in which the Company has an 80% interest) comprising approximately 12.1 million square feet of gross leasable area. Its industrial properties include 11250 - 189 STREET, 3501 GIFFEN ROAD NORTH, 10774 - 42 STREET SE, 261185 WAGON WHEEL WAY, 502-25 AVENUE and others. Its office properties include 127-145 RUE SAINT-PIERRE, 360 RUE NOTRE-DAME WEST, 329 RUE DE LA COMMUNE WEST, 353 RUE SAINT NICOLAS, 410 RUE SAINT NICOLAS and others. Its retail properties include 2000 BOULEVARD LOUIS-FRECHETTE, 250 BOULEVARD FISET AND 240 RUE VICTORIA, 340 RUE BELVEDERE SOUTH and others.
Edgefront Real Estate Investment Trust Announces Management Changes; Announces Cash Distribution for the Months of August and September, 2016, Payable on September 15, 2016 and October 14, 2016, Respectively