CALGARY, ALBERTA–(Marketwired – April 27, 2016) – Northview Apartment Real Estate Investment Trust (“Northview” or the “REIT”) (TSX:NVU.UN), is pleased to announce the appointment of Travis Beatty, CPA, CFA, as Chief Financial Officer, effective May 2, 2016.
Mr. Beatty has over 20 years of progressive financial management experience, including his role as Chief Financial Officer of OPTI Canada Ltd. prior to its sale in 2011. More recently, Mr. Beatty was the Chief Financial Officer of West Valley Energy Corp.
“We are pleased to welcome Travis to the Executive team of Northview,” commented Todd Cook, President and CEO of Northview. “Travis brings with him a wealth of knowledge and experience. His appointment further enhances the leadership of the REIT and we look forward to his contributions as we focus on delivering on our 2016 strategic priorities, as we continue to build value for our Unitholders.”
Northview is primarily a multi‐family residential real estate investor and operator providing a broad spectrum of rental accommodations with a portfolio of more than 24,000 quality residential suites in more than 60 markets across Canada, which provides Northview the means to deliver stable and growing profitability and cash distributions to Unitholders.
Northview’s residential portfolio is comprised of a multi‐family segment, including apartments, town homes, and single family rental units; and an execusuites and hotel segment where the rental period ranges from a few days to several months. Northview also has a portfolio of commercial buildings focused on government and quality corporate tenancies predominantly located in the Northwest Territories, Nunavut, and Newfoundland and Labrador. Geographically, Northview operates in Alberta, British Columbia, New Brunswick, Nova Scotia, Newfoundland and Labrador, the Northwest Territories, Nunavut, Ontario, Québec, and Saskatchewan.
The value of Northview’s real estate at December 31, 2015, was $3.0 billion with 24,621 residential units and 1,143,000 square feet of commercial space. Northview is traded on the TSX under the ticker symbol: NVU.UN.
President and CEO
Northview Apartment Real Estate Investment Trust
Chief Operating Officer