Adventus Realty Trust, by its Trustee, Adventus Realty Services Inc. (“Adventus”) is pleased to announce that Timbercreek Asset Management Ltd. (“Timbercreek”) has completed an investment, by certain of its managed funds, in Adventus as part of the US$13.50 offering being led by Industrial Alliance Securities Inc.
Timbercreek and its affiliates are well known investors, owners and managers of global real estate and related assets, focused on delivering sustainable and growing returns to its investors. Based in Toronto, Timbercreek and its affiliates employ more than 500 individuals in its various offices in Canada and globally. Currently, Timbercreek and its affiliates manage approximately C$5.0B in total assets.
“Timbercreek is an exceptional institution with a track record of delivering investors consistent distributions and preserving capital while providing the opportunity for long-term capital appreciation,” commented Rod Johnston, President and CEO of Adventus. “We are very proud to align ourselves with Timbercreek; their investment in Adventus provides a signal to the investment community that validates our performance to date and supports our ability to strategically develop the Trust.”
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 new 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