SOURCE: Pure Industrial Real Estate Trust

Pure Industrial Real Estate Trust

September 12, 2016 17:00 ET

Pure Industrial Real Estate Trust Announces Departure of Chief Financial Officer

VANCOUVER, BC--(Marketwired - September 12, 2016) - Pure Industrial Real Estate Trust ("PIRET" or the "Trust") (TSX: AAR.UN) today announced that Francis Tam has left his position as Chief Financial Officer. Mr. Tam joined the Trust in May, 2011 as Chief Financial Officer and has played a significant role in the growth and development of the Trust since that date, helping to grow the Trust from under $300 million in assets to over $2 billion.

"We are grateful to Francis for his contributions to the Trust over the past five years, including his leadership in developing the people and infrastructure necessary to support the Trust's growth and its results since 2011," commented Kevan Gorrie, President and Chief Executive Officer of PIRET. "We thank him for his efforts and wish him every success in his future endeavours."

Until the appointment of a replacement Chief Financial Officer of PIRET, please direct all financial inquiries to the attention of Mr. Kevan Gorrie, President, Chief Executive Officer and interim Chief Financial Officer of the Trust.

About Pure Industrial Real Estate Trust

PIRET is an unincorporated, open-ended investment trust that owns and operates a diversified portfolio of income-producing industrial properties in leading markets. PIRET is an internally-managed REIT that focuses exclusively on investing in industrial properties.

Additional information about PIRET is available at www.piret.ca or www.sedar.com.

THE TORONTO STOCK EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR THE ACCURACY OF THIS RELEASE.

Contact Information

  • For more information:

    Kevan Gorrie
    President and Chief Executive Officer

    Pure Industrial Real Estate Trust
    Suite 2420, 150 King Street West, PO Box 72
    Toronto, ON M5H 1J9
    Phone: (416) 479-8591 or (888) 681-5959
    E-mail: kgorrie@piret.ca

    Andrew Greig,
    Director of Investor Relations

    Pure Industrial Real Estate Trust
    Suite 910, 925 West Georgia Street
    Vancouver, BC V6C 3L2
    Phone: (604) 398-2836 or (888) 681-5959
    E-mail: agreig@piret.ca

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