SmartCentres Real Estate Investment Trust is a REIT (Real Estate Investment Trust) based in Canada. Their portfolio includes around 174 properties which are located in various communities across the country. These properties are used for commercial as well as residential purposes. The company is creating new communities with a mix of residential and commercial properties on its existing retail land holdings.
These communities fall under the company’s SmartLiving sub-brand. The company is involved in many aspects of property development and management, including shopping centers, offices, condos (both high and low-rise), rental properties, housing for seniors, townhomes, self-storage, and industrial facilities in Canada.
SmartCentres was initially focused on retail and helping major brands like Walmart to enter the Canadian market. Their growth has allowed them to expand into all provinces, while still staying true to their core values and purpose.
The company has also announced a large transformation plan called “Project 512”, with an investment of nearly $15 billion. This plan includes a complete revamping of their property portfolio, with investments into rental apartments, condos, towns, seniors’ residences, self-storage, offices, retail, hotels, and industrial. This project is currently being managed by the company’s in-house development team.
Overall, SmartCentres Real Estate Investment Trust is continuing to grow and evolve, making sure its offering meets the needs of Canadians. They are committed to providing quality services and products at fair prices in order to make a lasting impact on their communities.