Northview Welcomes Tracy Sherren to Board of Trustees
Northview Welcomes New Board Member
Northview Residential REIT (NRR.UN – TSX) has recently announced a significant change within its leadership. The appointment of Ms. Tracy Sherren as a new member of the Board of Trustees is set to bring valuable experience and insight to the organization. In this transition, Ms. Sherren replaces Mr. Harry Rosenbaum, who has decided to retire after an impressive tenure since 2020.
Appreciation for Mr. Rosenbaum
Mr. Daniel Drimmer, the Chair of the Board of Trustees, expressed gratitude towards Mr. Rosenbaum, highlighting his essential contributions to Northview during his time on the board. His leadership roles, particularly as Chair of the Independent Committee in 2023, have left an indelible mark. Mr. Drimmer noted, “Harry's considerable contributions have been invaluable and we wish him all the best in the future.”
Introducing Ms. Tracy Sherren
Ms. Sherren arrives at Northview with an impressive background, spanning over three decades in the real estate and finance sector. She has been involved in transactions exceeding $2 billion, demonstrating her expertise in asset management, acquisitions, and real estate development. As a CPA, CA, Ms. Sherren brings a wealth of knowledge, particularly in transaction structuring and risk management.
Her Leadership Roles
Currently, Ms. Sherren serves as a trustee for various prominent organizations including Clear Sky Land Lease Communities Fund I, True North Commercial REIT, and Starlight Western Canada Multi-Family (No. 2) Fund. Additionally, her past leadership roles include positions at VM Hotel Acquisition Corp. and Tricon Capital Group Inc. Her recent tenure as President and Chief Financial Officer of True North Commercial REIT underscores her capable leadership and operational expertise, making her a valuable asset to the board.
Looking Ahead with Excitement
Northview is optimistic about Ms. Sherren's impact on the organization. Mr. Drimmer conveyed enthusiasm for her appointment, stating, “We are excited to have Tracy join the Board of Trustees. Her extensive real estate knowledge and financial background will provide great value to Northview.” The REIT anticipates that her contributions will guide Northview in achieving its objectives and adapting to the ever-changing landscape of real estate investment.
About Northview Residential REIT
Northview is not just a typical real estate investment trust; it plays a pivotal role in the Canadian real estate market. Established under Ontario’s laws, Northview focuses on acquiring, owning, and managing income-producing rental properties primarily located in secondary markets across Canada. This strategic focus positions Northview as a key player in providing quality housing solutions.
Frequently Asked Questions
What significant change occurred in Northview's leadership?
Northview announced the appointment of Ms. Tracy Sherren to the Board of Trustees, replacing retiring trustee Harry Rosenbaum.
What qualifications does Ms. Sherren bring to Northview?
Ms. Sherren has over 30 years of experience in real estate, with extensive expertise in financing, asset management, and risk management.
How did the Chair of the Board express gratitude towards Mr. Rosenbaum?
Mr. Drimmer thanked Mr. Rosenbaum for his invaluable contributions during his tenure, especially as Chair of the Independent Committee.
What is Northview Residential REIT's main focus?
Northview focuses on acquiring, owning, and operating income-producing rental properties primarily in secondary markets across Canada.
In which sectors is Ms. Sherren currently serving as a trustee?
Ms. Sherren is a trustee for Clear Sky Land Lease Communities Fund I, True North Commercial REIT, and Starlight Western Canada Multi-Family (No. 2) Fund.
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