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True North Commercial Real Estate Investment Trust Continues Deployment of July 2018 Unit Offering with Office Property Acquisition in Markham

80 Whitehall Drive, MarkhamGreater TorontoAug. 7, 2018 /CNW/ – True North Commercial Real Estate Investment Trust  (TSX: TNT.UN) (the “REIT“) is pleased to announce it has agreed to acquire a 61,000 square foot office property located at 80 Whitehall Drive, Markham, Ontario (the “GTA Property“).

“We are pleased to continue to deploy the proceeds from the July 2018 public unit offering into a property that fits well within the REIT’s core strategy, being 100% occupied by credit-rated tenants with long-term leases,” said Daniel Drimmer, the REIT’s President and Chief Executive Officer. “The property is well-positioned in a sought-after office submarket that continues to experience low vacancy rates, increasing net rents and attractive population growth.”

Full Article: newswire.ca


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