Green Tree Capital Management Corp.

Green Tree Capital Management Corp.

October 28, 2011 15:28 ET

Green Tree Capital Management Corp. Enters Into Support Agreement Regarding Shares of NorRock Realty Finance Corporation

TORONTO, ONTARIO--(Marketwire - Oct. 28, 2011) - Green Tree Capital Management Corp. ("Green Tree") announced today that it has entered into a support agreement dated October 17, 2011 (the "Support Agreement") with NorRock Realty Management Services Ltd., Partners Real Estate Investment Trust and NorRock Realty Finance Corporation. Under the Support Agreement, Green Tree and NorRock Realty Management Services Ltd. have agreed that they will vote their securities in NorRock Realty Finance Corporation (an aggregate of 966,160 Class A Shares and 3,500 Preferred Shares, Series 1) in favour of the plan of arrangement of NorRock Realty Finance Corporation contemplated in the acquisition agreement dated October 17, 2011 (the "Acquisition Agreement") between NorRock Realty Finance Corporation and Partners Real Estate Investment Trust. Details of the Acquisition Agreement were disclosed in a press release of NorRock Realty Finance Corporation dated October 17, 2011.

The principals of Green Tree are Jacquie Boddaert and Darryl Abbott. Ms. Boddaert is the Chief Executive Officer of NorRock Realty Finance Corporation and previously served as Chief Executive Officer, President and Ultimate Designated Person for Monarch Wealth Corporation as well as President of Monarch Wealth Assurance Agencies Inc. and Monarch Wealth Deposit Group Inc. from 2004 to 2010. These businesses collectively managed over $700 million of client assets. Darryl Abbott is currently a Partner in Fovere Investments Inc., a private investment firm that specializes in placing capital on behalf of high net worth and institutional investors into structured real estate and infrastructure ventures. Mr. Abbott was previously a director of Lytton Financial, a boutique investment bank and a director of GE Real Estate's single tenant group, prior to which he was with the Royal Bank of Canada where he managed industry specific portfolios with concentrations in the financial services, logistics and industrial sectors.

Green Tree Capital Management Corp. is a private holding company, incorporated under the laws of the Province of Ontario.

Contact Information

  • Green Tree Capital Management Corp.
    Jacqueline Boddaert
    Chief Executive Officer
    416-479-9510 x305
    1-866-362-2469 (FAX)
    36 Toronto Street, Suite 1150
    Toronto, Ontario, M5C 2C5