Mary Vitug Joins Nexus Industrial REIT Board of Trustees

Nexus Industrial REIT Welcomes New Board Member Mary Vitug

Nexus Industrial REIT (“Nexus” or the "REIT") (TSX: NXR.UN) is excited to announce the addition of Mary Vitug to its Board of Trustees. Effective immediately, this decision marks a significant step in enhancing the leadership team.

Mary Vitug's Impressive Background

With over 30 years in capital markets, Ms. Vitug offers a wealth of knowledge and experience. Her career includes 24 years at Scotiabank, where she served as a Managing Director in Investment Banking and Equity Capital Markets. Throughout her time at Scotiabank, Mary led numerous initial public offerings, mergers, acquisitions, and equity financings, emphasizing real estate, consumer and retail sectors, as well as industrial and financial institutions.

For two decades, she was integral to Scotiabank’s Equity Liability Committee, where she evaluated risks and allocated capital for global financings, solidifying her role as a pivotal figure in financial strategies.

Current Roles and Leadership

Mary is presently a Director at StorageVault Canada Inc., a Trustee for Slate Grocery REIT, and an Advisor at Nicola Wealth. Her previous experience includes over a decade on the Board of VersaFi (formerly WCM), where she served as Board Chair. Known for her commitment to diversity, equity, and inclusion, she has made meaningful contributions to fostering a diverse environment in her professional engagements.

Educational Qualifications

Ms. Vitug is a Chartered Professional Accountant and holds a Bachelor of Arts in Economics from the University of Toronto along with a Master of Business Administration from the Rotman School of Management. Her extensive education underpins her qualifications and abilities in financial leadership.

Welcome Message from the Chairman

Expressing his enthusiasm, Ben Rodney, Chairman of the Board, stated, “We are thrilled to welcome Mary to the Nexus Board. Her respected leadership and extensive capital markets experience will be a tremendous asset, complementing the depth of expertise currently on our Board. I look forward to her contributions as we continue to enhance unitholder value in our Canada-focused industrial REIT.”

About Nexus Industrial REIT

Nexus Industrial REIT is committed to maximizing unitholder value through strategic acquisitions of industrial properties in both primary and secondary markets across Canada. The REIT boasts a diverse portfolio of 113 properties, totaling approximately 13 million square feet of gross leasable area. This growth-oriented strategy positions Nexus as a leader in the industrial real estate investment space.

Contact Information

For further information, please reach out to:
Kelly C. Hanczyk, CEO at (416) 906-2379; or
Mike Rawle, CFO at (647) 823-1381.

Frequently Asked Questions

What is the significance of Mary Vitug's appointment?

Mary Vitug brings extensive capital markets experience that will enhance the governance and strategy of Nexus Industrial REIT.

How will Ms. Vitug’s background influence Nexus?

With her experience in investment banking and equity capital, Ms. Vitug is expected to strengthen Nexus’s strategic direction and enhance unitholder value.

What does Nexus Industrial REIT focus on?

Nexus focuses on acquiring industrial properties in Canada to increase unitholder value through effective management of its portfolio.

What is the size of Nexus's property portfolio?

Nexus Industrial REIT owns 113 properties, encompassing around 13 million square feet of gross leasable area across Canada.

Who are the main contacts for Nexus Industrial REIT?

For inquiries, Kelly C. Hanczyk, CEO, and Mike Rawle, CFO, are the primary contacts for Nexus Industrial REIT.

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