RioCan Real Estate Investment Trust Donates $25,000 for Alberta Flood Relief
TORONTO, ONTARIO -- (Marketwired) -- 07/09/13 -- RioCan Real Estate
Investment Trust ("RioCan") (TSX:REI.UN) today announced that it is
donating $25,000 to The Calgary Foundation Flood Rebuilding Fund to
assist with flood relief efforts in Alberta.
"Our thoughts are with the people of Alberta who have been affected
by the recent floods", said Edward Sonshine, Chief Executive Officer
of RioCan, "RioCan owns 28 shopping centres in Alberta with about
half of this portfolio located in the Calgary area, and while we were
fortunate to be largely unaffected by the recent flooding, we felt it
imperative that we give back to the local community to help them
recover from this disaster as quickly as possible."
RioCan's Alberta portfolio contains approximately 4.2 million square
feet, at its interest as of March 31, 2013, with 2.2 million square
feet of that space located in the Calgary area. RioCan is also in
various stages of development in an additional four properties
located in the Calgary area that when complete are expected to add in
excess of three million square feet of retail space to the Calgary
RioCan is Canada's largest real estate investment trust with a total
capitalization of approximately $14.4 billion as at March 31, 2013.
It owns and manages Canada's largest portfolio of shopping centres
with ownership interests in a portfolio of 344 retail properties
containing more than 84 million square feet, including 50 grocery
anchored and new format retail centres containing 13.7 million square
feet in the United States through various joint venture arrangements
as at March 31, 2013. RioCan's portfolio also includes 11 properties
under development in Canada. For further information, please refer to
RioCan's website at www.riocan.com.
RioCan Real Estate Investment Trust
Edward Sonshine, O.Ont, Q.C.
Chief Executive Officer
Press spacebar to pause and continue. Press esc to stop.