In news from Canada's Partners Real Estate Investment Trust, the trust has announced the appointed Mr. Peter D. Morris, SCLS,SCSM, SCMD, as their COO. Morris brings to the trust significant real estate knowledge and experience.
According to the news, Morris previously held the position of Founding Principal for Greenstead Group LLC. Estate asset management being that company's area of expertise it stands to reason Morris will add significantly to Partners' value proposition for its clients. Patrick Miniutti, President of the REIT., offered this via the company's press release:
"We are very pleased to welcome Peter Morris to our senior management team. With the significant increase in the size and scale of our portfolio, Peter's depth and experience will be invaluable as we continue to execute our proven value enhancing property management strategies."
The investment trust just announced a resigning of leases with Wal-Mart Canada Corp., as well as acquisitions at Nun’s Island in Montreal, Quebec. The trust is focused on is focused on acquiring and managing retail and mixed-use retail community and neighborhood centers in the range of investment of between $10 to $50 million dollars. This latest news also goes along with a dividend distribution announcement just the other day.
Partners currently has a total of $430,250,117 in assets, according to their website. The video below concerns the trust's latest acquisition.