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 is primarily focused on creating value for unitholders through the investment in and ownership of commercial properties in Canada. 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 owns and operates a portfolio of about 40 properties consisting of approximately 4.6 million square feet in urban and select strategic secondary markets across Canada focusing on long-term leases with government and credit-rated tenants. Its properties include 36 and 38 Solutions Drive, 500 Beaverbrook Court, 61 Bill Leathem Drive, 675 Cochrane Drive, and 1112 Fort Street, among others.

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True North Commercial REIT > Here's what I'd do . . . and what will probably happen

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Comment by EstevanOutsideron Nov 08, 2023 4:24pm

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RE:Here's what I'd do . . . and what will probably happen

We don't have downtown office buildings much, especially in Toronto. Their only vacant property which was recently vacated by TD Insurance is already on the books for $50 million by Colliers. The rest of the portfolio is highly occupied mostly with smaller properties which are easier to liquidate if need be.

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