Retrocom Real Estate Investment Trust

Retrocom Real Estate Investment Trust

February 14, 2012 20:45 ET

Retrocom REIT Completes Previously Announced Transaction to Sell Wetaskiwin Mall

TORONTO, ONTARIO--(Marketwire - Feb. 14, 2012) -


Retrocom Mid-Market Real Estate Investment Trust (the "REIT" or "Retrocom REIT") (TSX:RMM.UN) announced today that it has completed the previously announced transaction to sell Wetaskiwin Mall in Wetaskiwin, Alberta.

Richard Michaeloff, President and CEO of the REIT, said, "We are pleased with the successful conclusion of this transaction and we will continue our strategy of repositioning our portfolio."

About Retrocom REIT

Retrocom REIT is an Ontario unincorporated open-end real estate investment trust which focuses on owning and acquiring community-based commercial properties in primary and secondary cities across Canada with the objective of producing a geographically diversified portfolio of properties with stable and growing cash flows.

Cautionary Statements

This press release contains forward-looking statements. In some cases, forward-looking statements can be identified by the use of words such as "may", "will", "should", "expect", "plan", "anticipate", "believe", "estimate", "predict", "potential", "continue", and by discussions of strategies that involve risks and uncertainties. The forward-looking statements are based on certain key expectations and assumptions made by the REIT. By their nature, forward-looking statements involve numerous assumptions, inherent risks and uncertainties, both general and specific, that contribute to the possibility that the predictions, forecasts, projections and various future events will not occur. Although management of the REIT believes that the expectations reflected in the forward-looking statements are reasonable, there can be no assurance that future results, levels of activity, performance or achievements will occur as anticipated. Neither the REIT nor any other person assumes responsibility for the accuracy and completeness of any forward-looking statements, and no one has any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or such other factors which affect this information, except as required by law.

Contact Information

  • Retrocom Mid-Market Real Estate Investment Trust
    Richard Michaeloff
    Chief Executive Officer
    (416) 741-7999 x5227
    (416) 741-7993 (FAX)