Adventus Realty Trust ("Adventus") announces the appointment of Ian MacIntosh as the new Chairman of the Board of Directors of Adventus Realty Services Inc. and Adventus Capital Partners Ltd., effective July 6, 2020.
Mr. MacIntosh replaces Greg Cameron, who has served as a Director since September 2012 and Chairman of the Board since October 2015, and will remain as a Director following this orderly transition.
Mr. MacIntosh has been a Director of the Trustees of Adventus Opportunity Fund and Adventus Realty Trust since 2018 and 2019, respectively, serves as President and a Director of Loch Moigh Capital Inc., a strategic investment company, is a former Senior Partner of Blake, Cassels, & Graydon LLP, is a Director and former Chairman of the Vancouver Academy of Music and is a Director of the Richmond Hospital Foundation.
Mr. Greg Cameron commented: "I am deeply grateful for the time that I served as Chairman of the Board of Adventus. Through my tenure, Adventus significantly expanded its portfolio and diversified into new markets."
Rod Johnston, CEO and Founder of Adventus commented: "On behalf of Adventus, I thank Greg for his service and successful tenure as our Chairman. While Greg was our Chairman, we grew our Asset base from US$350M at October 2015 to over US$900M by December 2019, with diversification from Chicago to Atlanta and Dallas (to follow). The past five years have been very successful years in terms of the development of Adventus."
Adventus is a Canadian based private Real Estate Investment Trust (REIT) and is focused on US income producing commercial real estate, in the suburban office markets of Chicago, Illinois and Atlanta, Georgia. For more information on Adventus, including our team, corporate strategy, photo gallery, details of our portfolio and press releases, we invite you to visit our website at www.adventusrealty.com.
Cautionary Statements Regarding Forward-Looking Statements
This press release may contain forward-looking statements with respect to the REIT and its operations, strategy, financial performance and financial condition, as well as with respect to the previously disclosed acquisitions and future acquisitions of properties. These statements generally can be identified by the use of forward-looking terminology such as "anticipate", "believe", "plan", "forecast", "expect", "intend", "would", "could", "if", "may" and similar expressions. The actual results and performance of the REIT and the acquisitions discussed herein could differ materially from those expressed or implied by such statements. Accordingly, readers should not place undue reliance on forward-looking statements. These cautionary statements qualify all forward-looking statements attributable to the REIT and persons acting on its behalf. Such statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations. Some important factors that could cause actual results to differ materially from expectations include, among other things, general economic and market factors, changes in interest rates, competition and changes in securities or other laws or regulations or the application thereof. The cautionary statements qualify all forward-looking statements attributable to the REIT and persons acting on its behalf.
Unless otherwise stated, all forward-looking statements speak only as of the date of this press release. Except as required by applicable law, the REIT specifically disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, future developments or otherwise.
ADVENTUS REALTY TRUST
By its Trustee: ADVENTUS REALTY SERVICES INC.
Per: Rodney B. Johnston, FCPA, FCA
President and Chief Executive Officer