TORONTO, April 29 /CNW/ - Whiterock Real Estate Investment Trust
("Whiterock") (TSX: WRK.UN) is pleased to announce the immediate
appointment of Mr. Frank Bucys as a member of its Board of Trustees and
Mr. Kursat Kacira as the new Chief Financial Officer for the REIT, on
Mr. Bucys' retirement, effective June 6, 2011. Mr. Bucys has had a
long and distinguished professional career in Canada with over 25 years
of real estate and finance experience, most recently as CFO of
Whiterock and previously as CFO of First Capital Realty Inc. Mr. Kacira
is an accomplished professional and brings to Whiterock over 17 years
of real estate, finance, capital markets, and accounting experience
both in Canada and the United States. Most recently, Mr. Kacira was
Vice President & Director in the Real Estate Group, Investment Banking
at TD Securities Inc. in Toronto, where he worked for the last 9 years.
Mr. Kacira is a Chartered Accountant (Ontario), has a Master of
Business Administration (Dean's Scholarship) from New York University,
and a Bachelor of Mathematics (Honours) from the University of
Waterloo. In the CFO role, Mr. Kacira will succeed Mr. Bucys, who will
provide transitional support to Mr. Kacira until August 15, 2011.
Jason Underwood, Chief Executive Officer of Whiterock said, "We are
delighted that Kursat will be joining Whiterock as CFO. His experience
and knowledge will be a valued addition to our management team. Kursat
is well known to the Whiterock team, having served as our trusted lead
investment banker over the last several years. I am confident that
Kursat as our CFO will be able to make immediate and long-term
contributions to our activities". He added, "Frank has been a key
member of the team that has built Whiterock to its current stature.
Since inception in 2005, we have grown to owning and managing a
national portfolio of high-quality diversified commercial real estate,
amounting to approximately 8.1 million square feet of gross leasable
area across 76 properties and across 8 provinces. Frank has played an
important role in all of Whiterock's achievements. On behalf of
Whiterock and the Board, we thank Frank for his 6 years of dedicated
service to Whiterock and we welcome him as a new Trustee."
Mr. Bucys said, "It has been a privilege to be a part of Whiterock since
inception and to serve its unitholders. I am honoured to continue my
association with Whiterock on the Board of Trustees and to know that
Whiterock will be in such capable hands as it continues to grow."
Mr. Kacira said, "I am excited to be assuming the role of CFO at this
time. Whiterock benefits from an established and high-quality national
platform of real estate ownership and management. I look forward to
working with Whiterock's management team to capitalize on this platform
and to pursue continued growth in order to firmly position Whiterock as
one of the leading diversified commercial REITs in Canada."
About Whiterock REIT
Whiterock REIT is a growth-oriented diversified commercial REIT with a
significant presence in major Canadian markets. Whiterock's
wholly-owned, co-owned, and managed aggregate real estate portfolio
amounts to approximately 8.1 million square feet of gross leasable area
across 76 properties and across 8 provinces.
SOURCE Whiterock Real Estate Investment Trust
For further information:
Jason Underwood, CEO, (416) 907-4861