TORONTO, ONTARIO–(Marketwired – May 11, 2016) – RioCan Real Estate Investment Trust (“RioCan”) (TSX:REI.UN) has committed $25,000 to the Canadian Red Cross to support the immediate needs of the Fort McMurray community.
“As a proud member of the community, our hearts go out to all those affected,” said Edward Sonshine, Chief Executive Officer of RioCan. “RioCan is committed to supporting the relief efforts and long-term strategies to rebuild Fort McMurray.”
Alberta is an important region to RioCan where the Trust has 34 properties, including 4 currently under development. RioCan’s properties in Alberta amount to approximately 8.7 million square feet (as at March 31, 2016). RioCan has one mixed-use centre in Fort McMurray.
RioCan is Canada’s largest real estate investment trust with a total capitalization of approximately $16 billion as at March 31, 2016. It owns and manages Canada’s largest portfolio of shopping centres with ownership interest in a portfolio of 303 Canadian retail and mixed use properties, including 16 properties under development containing 45.7 million square feet of leasable area. For more information, please refer to RioCan’s website at www.riocan.com.
Edward Sonshine , O.Ont, Q.C.
Chief Executive Officer