CANMARC: The new name for success in commercial real estate

MONTREAL, Sept. 27, 2011 /CNW Telbec/ - CANMARC Real Estate Investment Trust ("CANMARC" or the "REIT") (www.canmarcreit.com) is the new name for Homburg Canada Real Estate Investment Trust, (TSX: HCR.UN) effective immediately, as approved by the REIT's board of trustees. The date that the REIT will commence trading on the Toronto Stock Exchange (the "TSX") under its new name will be announced shortly, following fulfilment of the customary requirements of the TSX. A new trading symbol will be announced simultaneously.

"CANMARC is a simple, bilingual and recognizable name, rich with references to what the REIT is today and to what it aspires to be," said Jim Beckerleg, President and Chief Executive Officer. "CANMARC reflects our goal of continuing to do more of what we have been engaged in since our creation sixteen months ago."

"The CANMARC name is being introduced to reflect and affirm the REIT's evolution as an independent real estate investment trust with strong governance, a solid growth record and an experienced management team focussed on building a national Canadian real estate portfolio with landmark and other quality properties in the office and retail segments of the commercial real estate market."

"Our name is changing to CANMARC, but the organization and team that have driven the growth and success of the REIT in its first sixteen months, remain the same," concluded Mr. Beckerleg.  "All of us at CANMARC look forward to continuing to build our relationships and reputation in the real estate and financial communities across Canada."

CANMARC begins immediately to put the name change into effect at all of its locations and business operations, and in its external and internal communications.

About CANMARC Real Estate Investment Trust

CANMARC (www.canmarcreit.com) is an unincorporated open-ended real estate investment trust established pursuant to a declaration of trust under the laws of the Province of Quebec. Managed internally, CANMARC owns a portfolio of Canadian income-producing commercial properties, consisting of retail and office properties with certain industrial properties. In total, CANMARC properties comprise approximately 8 million square feet of commercial gross leasable area and 1725 multi-family residential units located in Quebec, Atlantic Canada, Western Canada and Ontario.

Forward-looking Statements

This news release may contain forward-looking information within the meaning of applicable securities legislation. Forward-looking information is based on a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond the REIT's control that could cause actual results and events to differ materially from those that are disclosed in or implied by such forward-looking information. Such risks and uncertainties include, but are not limited to, the factors discussed under "Risk Factors" in the REIT's latest annual information form.

The REIT's objectives and forward-looking statements are based on certain assumptions, including that (i) the REIT will receive financing on favourable terms; (ii) the future level of indebtedness of the REIT and its future growth potential will remain consistent with the REIT's current expectations; (iii) there will be no changes to tax laws adversely affecting the REIT's financing capacity or operations; (iv) the impact of the current economic climate and the current global financial conditions on the REIT's operations, including its financing capacity and asset value, will remain consistent with the REIT's current expectations; (v) the performance of the REIT's investments in Canada will proceed on a basis consistent with the REIT's current expectations; and (vi) capital markets will provide the REIT with readily available access to equity and/or debt.

The forward-looking statements contained in this news release are expressly qualified in their entirety by this cautionary statement. All forward-looking statements in this press release are made as of the date of this press release. The REIT, except as required by applicable securities legislation, does not undertake to update any such forward-looking information whether as a result of new information, future events or otherwise. Additional information about these assumptions and risks and uncertainties is contained in the REIT's filings with securities regulatory authorities, including its latest annual information form, which are available on SEDAR at www.sedar.com.

SOURCE Homburg Canada Real Estate Investment Trust

For further information:

Investors:
James W. Beckerleg
President and Chief Executive Officer
CANMARC REIT
514-931-2591

Gordon G. Lawlor, CA
Executive Vice President, Chief Financial
Officer and Secretary
CANMARC REIT
514-931-2591

Media:
Mélanie Tardif, CMA
NATIONAL Public Relations
514-843-2060

Organization Profile

Homburg Canada Real Estate Investment Trust

More on this organization

CANMARC Real Estate Investment Trust

More on this organization


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