/NOT FOR DISTRIBUTION TO UNITED
STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES/
WINNIPEG, MB, Aug. 25, 2021 /CNW/ - Marwest Apartment Real
Estate Investment Trust ("Marwest Apartment REIT" or the
"REIT") (TSXV: MAR.UN) is pleased to announce the
appointment of Mr. James Green to
the Board of Trustees.
Mr. Green was appointed to the Board of Trustees effective
today.
Prior to joining the Board of Trustees of the REIT, Mr. Green,
CPA, CA, served as Chief Financial Officer at Artis Real Estate
Investment Trust from its inception in 2004 until 2021, where he
was responsible for financial reporting, internal controls, pension
plan and direct tax functions.
With Mr. Green's appointment, the REIT's current Board of
Trustees is comprised of Mr. Luke
Cain (Chair of the Board of Trustee), Mr. Jason Pellaers and Mr. James Green, each of whom is "independent"
within the meaning of National Instrument 58-101 – Disclosure of
Corporate Governance Practices, as well as Mr. William Martens and Mr. Cornelius Martens. The Audit Committee has
also been reconstituted effective today and is comprised of Mr.
Pellaers (chair), Mr. Cain and Mr. Green.
Mr. Luke Cain, Chair of the Board
of Trustees, commented "We are extremely pleased to add Mr. Green
to the board. He brings decades of commercial real estate
experience at the executive level and is well versed in the capital
markets. He will be an invaluable addition to Marwest Apartment
REIT."
About Marwest Apartment REIT
The REIT is an unincorporated open-ended trust governed by the
laws of the Province of Manitoba.
The REIT was formed to provide Unitholders with the opportunity to
invest in the Canadian multi-family rental sector through the
ownership of high-quality income-producing properties, with an
initial focus on stable markets throughout Western Canada.
Forward-looking Statements
The information in this news release includes certain
information and statements about management's views of future
events, expectations, plans and prospects that constitute
forward– looking statements. These statements are based upon
assumptions that are subject to significant risks and
uncertainties. Because of these risks and uncertainties and
as a result of a variety of factors, the actual results,
expectations, achievements or performance may differ materially
from those anticipated and indicated by these forward–looking
statements. Forward–looking statements in this news release
include, but are not limited to, the implementation of a cash
distribution policy. A number of factors could cause actual
results to differ materially from these forward–looking
statements. The payment of cash distributions will be
dependent upon a number of factors, including but not limited to
the financial performance, financial condition and financial
requirements of the REIT. Although management of the REIT
believes that the expectations reflected in forward– looking
statements are reasonable, it can give no assurances that the
expectations of any forward– looking statements will prove to
be correct. Except as required by law, the REIT disclaims any
intention and assumes no obligation to update or revise any
forward–looking statements to reflect actual results, whether as a
result of new information, future events, changes in assumptions,
changes in factors affecting such forward–looking statements or
otherwise.
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 United States
Securities Act of 1933, as amended (the "U.S. Securities Act") and
may not be offered or sold within the
United States or to or for the account or benefit of U.S.
persons, except in certain transactions exempt from the
registration requirements of the U.S. Securities Act. This press
release does not constitute an offer to sell, or the solicitation
of an offer to buy, securities of the REIT in the United States or in any other
jurisdiction.
SOURCE Marwest Apartment Real Estate Investment Trust