Choice Properties Real Estate Investment Trust focuses on investing in properties across Canada that are commercial retail, industrial, mixed-use, and residential. Their portfolio mainly includes supermarkets that anchor shopping centers and stand-alone supermarkets.
Choice Properties’ properties are primarily situated in Ontario and Quebec, with additional properties in Alberta, Nova Scotia, British Columbia, and New Brunswick. The company’s primary source of revenue comes from leasing properties to tenants, with the majority of its total rent coming from Loblaw Companies, a large-format retailer.
In order to create enduring value through its ownership, operation, and development of high-quality commercial and residential properties, Choice Properties’ approach involves understanding tenants’ needs and managing its properties to the highest standard. Additionally, they prioritize social, economic and environmental sustainability in an effort to develop healthy communities. This is done while adhering to the company’s core values of Care, Ownership, Respect, and Excellence.
Overall, Choice Properties Real Estate Investment Trust is a leading REIT that aims to improve how tenants and communities connect through its investments in commercial real estate across Canada. By committing to their tenants’ needs and sustainability initiatives, they are dedicated to creating long-term value in their properties.