TORONTO and MONTREAL, Jan. 25, 2018 /CNW/ - The Board of Trustees of Nexus Real Estate Investment Trust (TSXV: NXR.UN) ("Nexus" or the "REIT") announced today changes to its Co-CEO structure.
Kelly Hanczyk, the former CEO of Edgefront REIT and Co-CEO of Nexus REIT has become the Chief Executive Officer of Nexus REIT. Jean Teasdale, former CEO of Nobel REIT and Co-CEO of Nexus REIT will be leaving Nexus REIT to head up a private real estate business of RFA Capital Partners. Pending the completion of this transition, Jean will be acting in a COO role with a continued focus on the leasing and property management of the Nexus portfolio.
"On behalf of the Board of Trustees and everyone associated with Nexus REIT, we would like to thank Jean for his leadership and contribution to the success of Nobel REIT and Nexus REIT, and wish him the very best of success" stated Lorne Jacobson, Chairman of the Board of Nexus REIT. "Jean will be working with RFA Capital Partners, one of our major unitholders and strategic partners, in growing one of their private real estate businesses. In the coming months, we will be looking to add key members to the Nexus team with a focus on operations to ensure an organizational structure that is well suited to the size and nature of our business."
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 88,881,000 units issued and outstanding and approximately 5,440,000 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, CEO at (416) 906-2379; or Rob Chiasson, CFO at (416) 613-1262.