Nexus Industrial REIT Welcomes Mary Vitug to Board of Trustees
Nexus Industrial REIT, a notable player in real estate investment, recently announced an exciting development with the addition of Mary Vitug to its Board of Trustees. This strategic appointment is set to bring diverse expertise and significant experience to the team, which is much needed in today’s dynamic market.
Mary Vitug's Impressive Background
Mary Vitug comes to Nexus Industrial REIT with an illustrious career spanning over 30 years in capital markets. Notably, she dedicated 24 years of her career to Scotiabank, where she excelled as a Managing Director in the realms of Investment Banking and Equity Capital Markets. Vitug has led numerous successful initiatives, including initial public offerings, mergers, acquisitions, and equity financing, focusing mainly on industries such as real estate, consumer and retail, industrial sectors, and financial institutions.
Expertise in Governance and Risk Management
Throughout her tenure at Scotiabank, Vitug played a pivotal role on the Equity Liability Committee, overseeing risk evaluation and capital allocation for global financing projects. This depth of experience in understanding complex financial landscapes positions her as a valuable asset for the Nexus Board.
Current Roles and Leadership Recognition
In addition to her new role at Nexus, Ms. Vitug also holds positions as a Director for StorageVault Canada Inc., and as a Trustee for Slate Grocery REIT. Her advisory role with Nicola Wealth highlights her commitment to excellence in the financial and investment sectors. Moreover, Vitug previously chaired the Board of VersaFi, reflecting her leadership capabilities and her focus on promoting diversity, equity, and inclusion within the corporate sphere.
Academic Credentials
Mary Vitug's academic achievements further underline her qualifications. She is a Chartered Professional Accountant and holds a Bachelor of Arts in Economics from the prestigious University of Toronto. Her Master of Business Administration from the Rotman School of Management equips her with robust skills to navigate the complexities of business management.
Words from the Leadership at Nexus
Ben Rodney, Chairman of the Board at Nexus Industrial REIT, expressed enthusiasm regarding Vitug's appointment, stating, "On behalf of the Board of Trustees, I am thrilled to welcome Mary to the Nexus Board. Mary is a widely respected leader with deep experience in capital markets, banking, and governance, particularly within the real estate industry. Mary will be a tremendous asset and complement the depth of expertise currently on our Board. I look forward to working with her and am confident that she will contribute meaningfully as we continue to grow unitholder value as a Canada-focused industrial REIT."
About Nexus Industrial REIT
Nexus Industrial REIT is recognized as a growth-oriented real estate investment trust that aims to enhance unitholder value through the strategic acquisition of industrial properties in both primary and secondary markets across Canada. Currently, the REIT boasts a portfolio of 113 properties, amounting to an impressive 13 million square feet of gross leasable area. The company's commitment to growing its presence in the industrial real estate sector aligns with market demands and evolving trends.
Contact Information
For more information about Nexus Industrial REIT or the recent appointment of Mary Vitug, individuals can reach out to Kelly C. Hanczyk, CEO at (416) 906-2379, or Mike Rawle, CFO at (647) 823-1381.
Frequently Asked Questions
Who is Mary Vitug?
Mary Vitug is a new member of the Board of Trustees for Nexus Industrial REIT, bringing extensive experience from her career in capital markets.
What experience does Mary Vitug have?
She has over 30 years of expertise in capital markets, including significant roles at Scotiabank and various boards related to real estate and finance.
How will Mary Vitug contribute to Nexus Industrial REIT?
Her solid background in investment banking and governance will provide valuable insights, aiding Nexus in making strategic decisions.
What does Nexus Industrial REIT focus on?
Nexus focuses on acquiring and managing industrial properties in Canada with the aim of increasing unitholder value.
How large is Nexus Industrial REIT's portfolio?
Nexus currently manages a portfolio that includes 113 properties covering approximately 13 million square feet of gross leasable area.
