Adventus Announces Appointment of a New Director

February 12, 2021

Adventus Realty Trust (“Adventus”) announces that Kevin Lorenz has joined the Board of Directors of Adventus Realty Services Inc. and Adventus Capital Partners Ltd., effective February 1, 2021.

Mr. Lorenz is an accomplished executive with over 25 years of experience in the US guiding and implementing investment strategy across public and private companies. Since 2015, Mr. Lorenz has been the Chief Investment Officer, Senior Vice President, Treasury & Private Investments at the Katz Group in the family office of Mr. Daryl Katz. The Katz Group has operations in sports and entertainment, including the ownership of the Edmonton Oilers NHL hockey team, real estate and public and private investments. Mr. Lorenz works directly with Mr. Katz to oversee the design, implementation and monitoring of the overall investment strategy for public and private passive investments. The Katz Group, including affiliates, is the largest investor group in Adventus holding just in excess of 7.5% of the issued and outstanding Units at present. The Katz Group is one of Canada’s largest family office groups. 

Prior to joining the Katz Group, Mr. Lorenz was Director, Ultra High Net Worth (UHNW) Private Client Business at Credit Suisse Securities, LLC, where he was selected to expand Credit Suisse’s UHNW private client business into Canada. Earlier in his career, he held positions of increasing responsibility at UBS Financial Services Inc., Merrill Lynch Pierce Fenner & Smith, Inc. and the Office of the Comptroller of the Currency, an independent bureau within the U.S. Department of the Treasury that charters, regulates and supervises all national banks and thrift institutions.

Mr. Lorenz holds a J.D. from George Mason University Antonin Scalia Law School (Fairfax, Virginia), an M.B.A. from Benedictine University (Lisle, Illinois) and a B.S. in economics from Illinois State University (Normal, Illinois). Mr. Lorenz is an American citizen.

Rod Johnston, CEO and Founder of Adventus commented: “We are very pleased to welcome Mr. Lorenz to Adventus’ Board of Directors. The breadth of Kevin’s US based business acumen and financial expertise with several major financial institutions, together with his strong connectivity to Canada, will be valuable additions to our board.”

About 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

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