TSX:ONR.UN - Post by User
Comment by
biggerclickeron Jun 23, 2017 2:55pm
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Post# 26399228
RE:RE:Sears
RE:RE:Sears From the last Call:
Richard M. Michaeloff, OneREIT - CEO, President and Trustee [16]
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Yes. I'd say it's all of that. So it really depends on the property type, depends on the location. And again, in Alberta, you see the market there, it's a little bit softer. We fortunately don't have a lot of fashion tenants in our portfolio, and I think you've seen those guys probably be the most impacted. There's -- on the Sears front, we always hear articles in the media about Sears. Luckily, we've got minimal exposure to Sears. We have -- just the one Sears location at Town 'n' Country, and that represents 60,000 square feet on one floor. So again, that's -- we're fortunate in that respect. And even that location, it's -- the type of --the way the building is constructed, probably fairly easy to reformat that. So we've been fortunate that we haven't really been impacted significantly.
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