TORONTO and MONTREAL, Dec. 27, 2017 /CNW/ - Nexus Real Estate Investment Trust (TSXV: NXR.UN) ("Nexus" or the "REIT") announced today the grant of options to officers and employees, and independent trustees of the REIT.
The REIT's Board of Trustees has granted an aggregate of 1,075,000 unit options to its Co-CEOs and the Chief Financial Officer of the REIT and an aggregate of 190,000 unit options to other employees, as well as an aggregate of 1,250,000 unit options to the independent trustees of the REIT. The exercise price of these options has been set at $2.10 per unit.
These options can be exercised until December 27, 2022 and will vest over a period of three years, one-third vesting on each of the first, second and third anniversaries of the date of grant. Each option allows its holder to subscribe to one unit of the REIT.
About Nexus Real Estate Investment Trust
Nexus is a growth oriented real estate investment trust focused on increasing unitholder value through the acquisition, ownership and management of industrial, office and retail properties located in primary and secondary markets in North America. The REIT currently owns a portfolio of 62 properties comprising approximately 3.5 million square feet of rentable area. The REIT has approximately 88,799,851 units issued and outstanding. Additionally, there are approximately 5,396,775 Class B LP units of subsidiary limited partnerships of the REIT issued and outstanding.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release
SOURCE Nexus Real Estate Investment Trust
For further information: Kelly C. Hanczyk, Co-CEO at (416) 906-2379; Jean Teasdale, Co-CEO at (514) 840-9339; or Rob Chiasson, CFO at (416) 613-1262.