MISSISSAUGA, ON, Feb. 25, 2021 /CNW/ - R&R Real Estate
Investment Trust (the "REIT") (TSXV: RRR.UN) is pleased to
announce the appointment of Geoffrey
Morphy and Louise Dermott to
the Board of Trustees of the REIT. Each of Mr. Morphy and Ms.
Dermott will hold office as trustees until the next annual meeting
of unitholders of the REIT or until a successor is appointed.
"On behalf of the Board of Trustees, the REIT's management team
and all of the REIT unitholders, I want to welcome Geoffrey and
Louise to R&R REIT. We are excited to have both of them join
the Board," said Majid Mangalji,
Executive Chairman. "We have no doubt that both Geoffrey and Louise
will bring fresh perspectives to the Board."
Mr. Morphy is currently the President of Bitfarms Ltd.
(TSXV:BITF), a company that owns and operates five high-power
computing centres that provide computing power to the Bitcoin
cryptocurrency network. Previously, he was the Co-CEO and
Chairman of Dundee Sarea Fund, a Canadian-based turn-around fund.
Prior to that, he was Vice-President, Corporate Development of
Dundee Corporation (TSE: DC.A). Mr. Morphy has more than thirty
years of M&A and cross-border and international commercial and
corporate structuring and finance experience. He has occupied
positions such as Managing Director and Vice-President of a
financial advisory firm and banks, such as the Farber Financial
Group, ABN Amro Bank N.V., LaSalle Bank, and Comerica Bank. Mr.
Morphy holds a Bachelor of Commerce from Dalhousie University and in 2012 earned the
designation of Certified Exit Planning Adviser from the
Chicago-based Exit Planning
Institute. In 2019, Mr. Morphy was granted the designation of ICD.D
from the Institute of Canadian Directors.
Ms. Dermott held various marketing research manager positions at
the Bank of Montreal (TSX: BMO)
and the Angus Reid Group where she developed marketing research
projects for Fortune 500 companies. Ms. Dermott was also involved
in corporate development, public affairs, telecommunications and
information technology. Ms. Dermott holds a Bachelor of Arts
from McGill University. Ms. Dermott
also has experience owning and operating real estate and a farming
property which included negotiating contracts and financing debt
over a 13 year period.
About R&R REIT
R&R REIT is an open-ended real estate investment trust
focused on increasing unitholder value through the acquisition and
ownership of hotel properties located in the United States.
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 R&R Real Estate Investment Trust