Edgefront Real Estate Investment Trust and Nobel Real Estate Investment Trust Announce Executive Appointments
February 14, 2017 at 09:23 am EST
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Edgefront Real Estate Investment Trust and Nobel Real Estate Investment Trust announced that they have entered into an arm's length arrangement agreement to create a diversified REIT with 36 commercial properties located across Canada. Upon completion of the merger, the combined company is expected to be renamed Nexus Real Estate Investment Trust. The senior executive team and the Board of Trustees of Nexus REIT will draw from the extensive experience and expertise of both companies. Mr. Kelly Hanczyk and Mr. Jean Teasdale will assume the leadership of Nexus REIT and be appointed co-Chief Executive Officers of the combined company, and Mr. Robert Chiasson will become Chief Financial Officer. The Board of Trustees of Nexus REIT will be comprised of the two co-Chief Executive Officers, three nominees from Edgefront REIT, including the Chairman, and two nominees from Nobel REIT.
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.
NEXUS INDUSTRIAL REIT 
