Marwest Apartment Real Estate Investment Trust (MAR) has announced a monthly cash distribution for September 2024. The REIT will distribute $0.0013 per trust unit, representing an annualized distribution of $0.0156 per unit. The payment date for the distribution is set for October 15, 2024, with unitholders of record as of September 30, 2024, being eligible to receive the payment.
As of today, there are 8,856,403 Units and 10,642,435 Exchangeable Units issued and outstanding.
Marwest Apartment REIT is an open-ended trust established under the laws of Manitoba. It offers investors an opportunity to participate in the Canadian multi-family rental sector by owning high-quality, income-producing properties, primarily located in stable Western Canadian markets.
The REIT’s management team and board of trustees possess over 100 years of combined experience in multi-residential real estate. Their expertise encompasses development, construction, management, and financing, along with strong governance skills.
Marwest REIT benefits from an external asset and property management agreement with the Marwest Group of Companies. The Marwest Group is a comprehensive real estate group specializing in development, construction, and property management. Now in its third generation of operations, the Marwest Group has developed over 12,000 units and manages over 2,500 units. This expertise and strong infrastructure provide Marwest Apartment REIT with a range of high-quality tools, industry know-how, and robust relationships.
Marwest Apartment REIT plans to continue leveraging the expertise and robust infrastructure provided by the Marwest Group.
Important Note:
This announcement contains forward-looking statements regarding the REIT’s current monthly cash distribution policy. These statements are based on assumptions that are subject to various risks and uncertainties. Actual results may differ materially from those anticipated due to these risks and uncertainties.Future cash distributions are subject to factors such as the REIT’s financial performance, condition, and requirements. While the REIT’s management believes that the expectations reflected in forward-looking statements are reasonable, there is no guarantee that these expectations will materialize.
Except as required by law, Marwest Apartment REIT does not intend to update or revise any forward-looking statements to reflect actual results, future events, or changes in assumptions.
