Adventus Realty Trust is pleased to announce that an Ontario based pension fund has made a $2.75 million investment in Adventus securities in conjunction with our most recent equity financing. The equity funding of all our Chicago suburban office property acquisitions prior to this round have been carried out solely with high net worth investors. Given the growing size of our property portfolio, attracting an institutional investor is a milestone that will play an important role in funding future acquisitions.
Rodney B. Johnston, President and Chief Executive Officer of Adventus, states, “Over the past two years we have grown rapidly, and that growth has been funded primarily through retail high net worth investors. Now that we have gained a strong footing in the suburban office market, it is realistic to anticipate that we can increase the pace of adding to our portfolio with further institutional support. We are pleased to bring in this significant institutional investor, and will continue our focus on both high net worth and institutional equity fundraising to grow our office property portfolio.”
The institutional investment was facilitated by M Partners, a Toronto, Ontario based independent brokerage group with whom Adventus has been working during the most recent equity funding round.
Adventus is a Canadian based private Real Estate Investment Trust (REIT) and is focused on US income producing commercial real estate, initially in the suburban office market of Chicago, Illinois. 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.
ADVENTUS REALTY TRUST
By its Trustee: ADVENTUS REALTY SERVICES INC.
Per: Rodney B. Johnston, CPA, FCA
President and Chief Executive Officer