/Not intended for distribution to U.S. newswire services or dissemination within the United States/
WINNIPEG, MB, Oct. 15, 2024 /CNW/ – The Marwest Apartment Real Estate Investment Trust (“Marwest Apartment REIT” or “REIT”) (TSXV: MAR.UN) provides that the Trustee will receive a monthly investment of $0.0013. announced that it had declared a cash distribution. The REIT’s distribution per trust unit (a “Trust Unit”) for October 2024 represents a cash distribution of $0.0156 per Trust Unit on an annualized basis. The cash distribution will be made on November 15, 2024 to unitholders of record as of October 31, 2024.
Marwest Apartment Real Estate Investment Trust Logo (CNW Group/Marwest Apartment Real Estate Investment Trust)
As of the date of this document, a total of 9,055,242 Units and 10,443,596 Exchangeable Units have been issued and outstanding.
About Marwest Apartment REET
A REIT is an unincorporated supplementary trust governed by the laws of Manitoba. The REIT was initially created to provide unitholders with the opportunity to invest in Canada’s multifamily rental sector through ownership of high-quality income real estate, with a focus on stable markets across Western Canada.
Marwest REIT’s management team and managers have more than 100 years of combined experience in multifamily real estate. They bring a powerful combination of development, construction, management and financing experience with significant governance expertise. The REIT has external asset and property management agreements through the Marwest Group of Companies. Marwest Group of Companies is a fully integrated real estate group specializing in development, construction and property management. Now in its third generation of operations, Marwest Group has developed over 12,000 units and currently manages over 2,500 units, providing REITs with a suite of best-in-class tools, industry know-how and strong relationships. We provide. Marwest Apartment REIT will continue to benefit from the expertise and strong infrastructure currently in place through Marwest Group.
Forward-looking statements
The information in this news release contains certain information and statements regarding the REIT’s current monthly cash distribution policy that constitute forward-looking statements. These statements are based on assumptions that are subject to significant risks and uncertainties. As a result of these risks and uncertainties and various factors, actual results, expectations, achievements or performance may differ materially from those anticipated and indicated by these forward-looking statements. Many factors could cause actual results to differ materially from these forward-looking statements. The declaration and/or payment of future cash distributions will depend on a number of factors, including, but not limited to, the REIT’s financial performance, financial condition and financial requirements. Although the REIT’s management believes that the expectations reflected in the forward-looking statements are reasonable, there can be no assurance that the expectations in the forward-looking statements will prove to be correct. Except as required by law, the REIT does not make any statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, or changes in factors affecting the future. We disclaim any intention or obligation to update or revise any forward-looking statements. -Appearance statements or otherwise.
story continues
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release.
The Trust Units are not registered under the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”) and may not be held in the United States or for the account or benefit of U.S. persons, except as follows: may not be offered or sold to. Certain transactions are exempt from the registration requirements of the U.S. securities laws. This press release does not constitute an offer to sell, or a solicitation of an offer to buy, the securities of the REIT in the United States or any other jurisdiction.
SOURCE Marwest Apartment Real Estate Investment Trust
Sision
View original content to download multimedia: http://www.newswire.ca/en/releases/archive/ October2024/15/c2673.html
