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True North Commercial REIT T.TNT.UN

Alternate Symbol(s):  TUERF

True North Commercial Real Estate Investment Trust (the REIT) is a Canada-based unincorporated, open-ended real estate investment trust. The REIT’s primary objective is to maximize total returns to its unitholders. Its returns include a stable, reliable, and tax-efficient monthly cash distribution as well as long-term appreciation in the value of its units through the effective management of a portfolio of commercial properties. The REIT is focused on creating value for unitholders through the investment in and ownership of commercial properties in Canada. The REIT owns and operates a portfolio of approximately 44 properties consisting of approximately 4.8 million square feet in urban and select strategic secondary markets across Canada. Its properties include 9200 Glenlyon Parkway; 36 and 38 Solutions Drive; 1595 16th Avenue; 855 8th Avenue SW; 5775 Yonge Street; 6 Staples Avenue; 845 Prospect Street, and 551 King Street.


TSX:TNT.UN - Post by User

Comment by gold_diggers1on Nov 18, 2023 9:11pm
141 Views
Post# 35742977

RE:RE:RE:Think about it

RE:RE:RE:Think about it
pierrelebel wrote:
You asked "The question is how deep is DD's pocket?"

Answer: The guy is a Billionaire - with a "B"


Daniel Drimmer is the founder, President and Chief Executive Officer of Starlight Investments, a Canadian real estate asset manager with over 300 employees and $20B in AUM encompassing more than 70,000 multi-family units and 8.0M commercial square feet across Canada and the U.S.

Mr. Drimmer is the founder, Chairman of the Board and former President and CEO of True North Commercial REIT (TSX:TNT.UN), and is a member of the Board of Trustees of Northview Canadian High Yield Residential Fund (TSX: NHF.UN). Mr. Drimmer was also the founder and member of the Board of Trustees of True North Apartment REIT and TransGlobe Apartment REIT. Over the last ten years, Mr. Drimmer has completed more than $30 billion worth of acquisitions and dispositions in residential and commercial real estate (including nine initial public offerings).

Mr. Drimmer obtained a Bachelor of Arts degree from the University of Western Ontario, and both a Master of Business Administration and a Master’s degree in Contemporary European Policy Making from European University in Geneva, Switzerland and is a third generation real estate investor.


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Thanks for the insight, Pierrelebel!
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At this price, time to accumulate then?  I don't want to see him taking TNT private under $2.  How about $3 at least (before consolidation price, that is) :)
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GLTA


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