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Agellan Commercial Real Estate Investment Trust

Exchange: TSX Exchange | Feb 26, 2017, 2:34 AM EST

ACR.UN
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Agellan Commercial Real Estate Investment Trust Announces Resignation and Appointment of Trustees

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISTRIBUTION IN THE UNITED STATES

Agellan Commercial Real Estate Investment Trust (the “REIT”) (TSX:ACR.UN) announced today the resignation of Robert P. Perry, who submitted his resignation due to his new employment arrangements. Mr. Perry served as a trustee since the REIT’s initial public offering in January 2013. The trustees and management of the REIT wish to thank Mr. Perry for his many contributions to the REIT and wish him success in his future endeavours.

The REIT also announced today that Terra Attard, Secretary of the REIT, will be appointed to the Board of Trustees effective August 2, 2016. Ms. Attard is currently the Chief Operating Officer of Agellan Capital Partners Inc., manager of the REIT, and possesses over 20 years’ of broad real estate experience.

“We are very pleased to have Ms. Attard join our Board of Trustees,” said Richard Dansereau, Chair of the Board of Trustees of the REIT. “Ms. Attard has a deep understanding of the REIT, its operations and its strategy, and will bring her extensive hands-on real estate knowledge to her seat on the Board.”

About Agellan Commercial Real Estate Investment Trust

The REIT is an unincorporated, open-ended real estate investment trust established pursuant to a declaration of trust under the laws of the Province of Ontario. The REIT has been created for the purpose of acquiring and owning industrial, office and retail properties in select target markets in the United States and Canada.

The REIT's current portfolio aggregates approximately 4.7 million square feet of gross leasable area in 31 properties. The properties are primarily located in major urban markets in the United States and Canada.

Forward-Looking Statements

This press release contains forward-looking information within the meaning of applicable securities legislation, which reflects the REIT’s current expectations regarding future events. Forward-looking information is based on a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond the REIT’s control that could cause actual results and events to differ materially from those that are disclosed in or implied by such forward-looking information. These forward-looking statements are made as of the date of this press release and, except as expressly required by applicable law, the REIT assumes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

Agellan Commercial Real Estate Investment Trust
Frank Camenzuli, 416-593-6800 x226
Chief Executive Officer
Fax: 416-593-6700

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