Northview Residential REIT Announces September Cash Distribution
CALGARY, Alberta -- Northview Residential REIT, often known simply as the "REIT," has unveiled some key information regarding its cash distribution for September, providing a steady return for its investors. The payment will be C$0.091146 per Unit, which amounts to C$1.09 annually. This reflects the company’s ongoing dedication to offering reliable financial benefits to its stakeholders.
Details on the Cash Distribution
The cash distribution is set to be paid on October 15 to all holders of the REIT's different Unit classes—Class A Units, Class C Units, and Class F Units. The recorded date for this distribution is September 30. Northview Residential REIT is committed to maintaining its distribution consistency, showcasing confidence and reliability in the face of an often unpredictable market.
About Northview Residential REIT
Northview Residential REIT functions as a publicly traded real estate investment trust, formed through a declaration of trust in accordance with the laws of Ontario. Its main focus is on acquiring, owning, and managing income-generating rental properties located in secondary markets across Canada. This approach helps the REIT explore various income streams beyond larger metropolitan areas, which may offer both stability and growth potential.
Mission and Portfolio Overview
Northview Residential REIT aims to provide quality residential living while ensuring profitable returns for investors through thoughtful asset selection and property management. By directing investments towards regions identified for growth and stability, the REIT positions itself for not just sustainable income, but also for capital appreciation in the long run.
Leadership and Contact Information
The leadership team at Northview Residential REIT comprises seasoned professionals dedicated to guiding the organization towards success. Todd Cook serves as the President and Chief Executive Officer, working alongside Chief Financial Officer Sarah Walker. Together, they bring decades of combined experience in both real estate and finance. If you're interested in further information or have specific questions, you can reach Todd at (403) 531-0720 or via email at tcook@nvreit.ca. You can also contact Sarah at the same phone number or by emailing swalker@nvreit.ca.
Frequently Asked Questions
What is the amount of the cash distribution announced?
The announced cash distribution is C$0.091146 per Unit, which annualizes to C$1.09 per Unit.
When will the distribution be paid?
The cash distribution will be payable on October 15 to all eligible Unit holders.
Who qualifies for the distribution?
To qualify for the cash distribution, you need to hold Class A, Class C, or Class F Units that are recorded as of September 30.
What is Northview Residential REIT's primary purpose?
The primary purpose of Northview Residential REIT is to indirectly acquire, own, and manage income-producing rental properties throughout secondary markets in Canada.
How can I contact Northview Residential REIT?
You can reach out to Todd Cook or Sarah Walker at (403) 531-0720 or via email at tcook@nvreit.ca and swalker@nvreit.ca, respectively.
