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 > 400 Cumberland.

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Comment by flamingogoldon Jun 12, 2024 3:22pm

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Post# 36085471

RE:RE:400 Cumberland.

That crackhead is a human. Addiction is a disease like cancer and dementia. No one would call someone a cancerhead or a dummy because they can't remember.

EstevanOutsider wrote: looks like the gov running away from that property due to the crackheads in the byward market, but they still have 4 years of lease left which i assume they have to honor. that building is prime other than the crack heads. the buildings across the road have seen luxury condo developments. it's immediately adjacent to the rideau center and the new ottawa rail system.... they bought it for $220 psf, have to think its marketable for around that price even without tenants

also, TNT sold the 1161 crawford property in peterborough, more assets sales to come.