Plaza Retail REIT is a real estate investment trust that owns and develops retail properties primarily in Ontario, Quebec, and Atlantic Canada. Their portfolio consists of about 268 properties covering roughly 8.6 million square feet, including undeveloped lands. Most of their properties are open-air centers and standalone small-box retail outlets, which are mainly leased by national tenants.
Plaza Retail REIT focuses on increasing its unit value and net asset values by developing and redeveloping its properties. To achieve this, they have an internal team of 25 experienced professionals who handle development, leasing, and other operations. Plaza Retail REIT does not acquire properties from third-party developers or related parties at low cap rates. Additionally, insiders own a significant portion of Plaza Retail REIT.
Plaza Retail REIT seeks to provide steady income and long-term gains for investors, partnering with retailers to help them achieve their business goals, providing an environment that supports personal development and success for colleagues, integrity, and partnership with suppliers, as well as collaborating with the 130+ communities they work in. All of these initiatives help Plaza Retail REIT to create and sustain successful projects.
Overall, Plaza is committed to leveraging its entrepreneurial abilities to capitalize on market conditions while also locking in consistent long-term returns by financing with matched lease maturities. This allows them to deliver prosperity for all stakeholders; investors, retailers, colleagues, suppliers, and the communities they work with.
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