TORONTO, Aug. 11, 2014 /CNW/ - Trez Capital Senior Mortgage Investment Corporation (the "Company") (TSX: TZS) today announced the appointment of Gary Samuel to the Board of Directors (the "Board"), effective August 7, 2014.
"We are very pleased and excited to have Gary join the Board. He brings tremendous depth of experience and real estate expertise to the role and we look forward to his future contributions," said Michael J.R. Nisker, Chairman of the Company's Board.
Mr. Samuel founded and was the former Chief Executive Officer of Canadian Real Estate Investment Trust (TSX: REF.UN), Canada's first publicly traded REIT. Mr. Samuel is currently the lead director of FAM Real Estate Investment Trust (TSX: F.UN). Mr. Samuel formerly served as Chairman of HOMEQ Corporation (TSX: HEQ) and its wholly owned subsidiary HomEquity Bank. He was also formerly a Director of First Capital Realty Corporation (TSX: FCR) and lead director of Gazit America Inc. (TSX: GAA), both real estate companies. Mr. Samuel is a co-founder and retired partner of Crown Realty Partners, a Canadian institutional real estate investment and management corporation. Mr. Samuel was co-founder and Chief Executive Officer of Royop Properties Corporation, a Canadian real estate development company formerly listed on the TSX. Mr. Samuel holds a JD from Osgoode Hall Law School, Toronto.
Mr. Samuel succeeds Clare Copeland, who has decided to leave the Board to focus on other commitments. "I would like to take this opportunity to thank Clare for his service to the Company, and express our appreciation for his contributions," said Michael J.R. Nisker. "The leadership and depth of business and capital markets expertise he brought to his role provided immense value to the Board and I wish him continued success in his endeavours."
About the Company
The Company's objective is to acquire and maintain a diversified portfolio of first mortgages in Canada that preserves capital and generates attractive returns in order to pay monthly dividends to its shareholders. The Company pursues its investment objectives through prudent investments in first mortgages to qualified real estate investors and developers, focusing primarily on short-term bridge financing needs not currently serviced by traditional real estate lenders. Trez Capital Fund Management Limited Partnership has been in the non-bank lending business for over 17 years and is the manager of and portfolio advisor to the Company.
SOURCE: Trez Capital Senior Mortgage Investment Corporation
For further information: Karyn Phuong, Vice President, Investor Relations, Trez Capital, Tel: (647) 788-1788, E-mail: KarynP@trezcapital.com