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