VANCOUVER, Sept. 5, 2017 /CNW/ – Pure Industrial Real Estate Trust (TSX: AAR.UN) (the “Trust”) is providing a preliminary property assessment of the impact of Tropical Storm Harvey on its properties in and around Houston, San Antonio and Austin, Texas.
The Trust owns two industrial properties in Cedar Port Industrial Park, approximately 35 miles east of downtown Houston. The Trust has had ongoing communication with its tenant who has informed us that both properties have sustained only minor damage. The Trust also owns properties in the San Antonio and Austin areas of Texas and the Trust has received confirmation from its tenant that these properties were not impacted by the storm.
Kevan Gorrie President and CEO of the Trust commented, “On behalf of the Trust we wish to express our deepest concern for all who have encountered the devastation caused by Hurricane Harvey. Our first priority has been to ensure the safety and security of the people at our buildings. We will continue to monitor conditions as the clean-up continues and provide assistance as best we can.”
The Trust has made a financial contribution to the Hurricane Harvey Relief Fund housed by the Greater Houston Community Foundation.
ABOUT PURE INDUSTRIAL REAL ESTATE TRUST
The Trust is an unincorporated, open-ended investment trust that owns and operates a diversified portfolio of income-producing industrial properties in leading markets across Canada and key distribution and logistics markets in the United States. The Trust is an internally managed REIT and is one of the largest publicly-traded REITs in Canada that offers investors exposure to industrial real estate assets in Canada and the United States.
Toronto Stock Exchange â AAR.UN
THE TORONTO STOCK EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR THE ACCURACY OF THIS RELEASE.
SOURCE Pure Industrial Real Estate Trust (PIRET)
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