TSX - WRK.UN
TORONTO, March 8 /CNW/ - Whiterock Real Estate Investment Trust ("Whiterock") and Return on Innovation Capital Inc. ("ROI") as co-owners, are pleased to announce that they have been awarded NAIOP's prestigious Real Estate Excellence (REX) award for Investment Deal of the Year. The award is in connection with Whiterock and ROI's acquisition of 401 and 405 The West Mall in Toronto, Ontario. This Class A multi-tenant office building with 411,285 square feet of office space is located in the heart of the Greater Toronto Area with direct access to Highway 427.
NAIOP's Rex Award represents one of the more prestigious standards of achievement within the office and industrial real estate industry in Greater Toronto. Selection for Investment Deal of the Year is based on the complexity of the deal; the use of innovative and creative solutions to achieve objectives; the significance of the acquisition to the purchaser, and its impact on the market.
Whiterock's existing portfolio is anchored by high credit tenants with long-term leases. The portfolio consists of 54 properties totaling 5.4 million square feet, located in 13 markets across Canada, including Calgary, Edmonton, Regina, Saskatoon, Toronto, Ottawa, Montreal and Quebec City.
Return on Innovation Capital Inc. ("ROI") is an investment firm based in Toronto that specializes in private placement investments, including a focus on high quality properties with visible growing cash flow streams backed by solid covenants and longer term assets. With $700 million in assets under management, ROI Capital is one of the fastest growing investment firms in Canada.
The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Source: Whiterock Real Estate Investment Trust
investment firms in Canada.
SOURCE WHITEROCK REAL ESTATE INVESTMENT TRUST
For further information: For further information: www.whiterockreit.ca; Frank Bucys, CFO, (416) 907-4864; Jennifer Kosloski, Controller, (416) 979-3026