April 17, 2019 6:06 PM
Partners Real Estate Investment Trust Update
BARRIE, Ontario, April 17, 2019 (GLOBE NEWSWIRE) -- Partners Real Estate Investment Trust (“Partners REIT”) (TSX: PAR.UN) announced today that the Chief Executive Officer of Partners REIT, Jane Domenico, has resigned, effective immediately, as an officer and trustee of Partners REIT to pursue other opportunities.
“We wish to thank Jane for her service over the past several years. With the sale last year of our Western Canadian properties, and the pending sale of our Quebec properties, now is the logical time for Jane to move onto other challenges, and we wish her well in her future endeavours,” stated C. Ian Ross, chair of the Board of Trustees (the “Board”) of Partners REIT.
The Board has appointed C. Ian Ross as interim chief executive officer of Partners REIT. In that role, Mr. Ross’ responsibilities will include oversight of the day-to-day operations of Partners REIT and the completion of the previously announced sale of Partners REIT’s Qubec properties. The Board does not expect these matters to impact the completion of the Qubec sale transaction. Mr. Ross will continue to serve as the chair of the Board.
Is she really ready to pursue other opportunities, or was there a disagreement on what to do with this REIT? We'll soon see if the market has an opinion.