Marwest Apartment REIT Confirms Monthly Payouts for Unitholders

Marwest Apartment REIT Declares Monthly Cash Distribution
Marwest Apartment Real Estate Investment Trust, regularly referred to as Marwest Apartment REIT, has proclaimed an exciting monthly cash distribution for its Trust Unit holders. The Trustees of the REIT have set a cash distribution of $0.001425 per Trust Unit this month, calculated to provide an annualized cash distribution rate of $0.0171. This announcement not only highlights the REIT's ongoing commitment to its investors but also underscores its robust performance in the real estate market.
Distribution Details for Unitholders
A significant date to note for all Unitholders is the upcoming distribution payment scheduled for September 15. This will be payable to those on record as of August 31. The REIT currently boasts a total of 9,055,242 Trust Units and 10,443,596 Exchangeable Units in circulation. This gives potential investors insight into the scale and reach of Marwest Apartment REIT within the real estate sector.
Understanding Marwest Apartment REIT
Marwest Apartment REIT operates under an unincorporated, open-ended trust structure guided by the regulations in place within their governing province. The REIT’s primary objective is to offer investors avenues to partake in the Canadian multi-family rental sector, emphasizing high-quality, income-generating properties.
Investment Focus and Strategy
With an initial emphasis on stable markets throughout Canada, Marwest Apartment REIT aims to provide its investors with consistent returns through strategic property management and acquisition. The REIT's leadership team combines over a century of experience in multifamily real estate, fostering a skilled approach to property development and management.
Experienced Management Team
The management team at Marwest is not only seasoned but also well-versed in various facets of the real estate industry. They possess extensive expertise in development, construction, management, and financing. This wealth of experience complements Marwest's external partnership with the Marwest Group of Companies, a reputable entity in development and property management. With the Marwest Group now in its third generation, they boast a significant portfolio that includes over 12,000 developed units and management of more than 2,500 units.
Looking Ahead
As the REIT continues to operate and grow, it focuses on leveraging the strengths of its established frameworks and relationships within the real estate sector. This is vital in ensuring ongoing performance and distribution capabilities, fostering confidence among Unitholders about future payouts.
Frequently Asked Questions
What is the cash distribution declared by Marwest Apartment REIT?
Marwest Apartment REIT has declared a cash distribution of $0.001425 per Trust Unit for the month.
When will the cash distribution be paid?
The cash distribution will be paid on September 15 to Unitholders on record as of August 31.
How many Trust Units are currently outstanding?
There are currently 9,055,242 Trust Units and 10,443,596 Exchangeable Units issued and outstanding.
What is the focus of Marwest Apartment REIT?
Marwest Apartment REIT focuses on the Canadian multi-family rental sector, investing in high-quality, income-producing properties.
Who manages Marwest Apartment REIT?
The REIT is managed by a team with over 100 years of combined experience in real estate, supported by the Marwest Group of Companies.
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