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Winnipeg, MB, February 15, 2024 /CNW/ – Marwest Apartment Real Estate Investment Trust (“Marwest Apartment REET” or “Leet”) (TSXV: MAR.UN) announced that its Trustees have declared monthly cash distributions. $0.001275 per REIT trust unit (hereinafter referred to as “Trust Unit”), per month. February 2024represents cash distributions per trust unit. $0.0153 On an annualized basis. Cash distribution will take place on the next day. March 15, 2024 To unitholders of record February 29, 2024.
As of the date of this document, a total of 8,657,564 Units and 10,841,274 Exchangeable Units have been issued and issued.
About Marwest Apartment REET
A REIT is an unincorporated supplementary trust governed by state law. Manitoba. The REIT was initially created to provide unitholders with an opportunity to invest in Canada's multifamily rental sector through ownership of high-quality income-producing properties, with a focus on stable markets. 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. It offers. 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, 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.
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 have not been 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 Securities Act. US or for the account or benefit of a U.S. person, except for certain transactions exempt from the registration requirements of U.S. securities laws. This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities of the REIT. US or within any other jurisdiction.
SOURCE Marwest Apartment Real Estate Investment Trust
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