Durum Industrial REIT is a real estate investment trust (“REIT”) with assets worth $64.8 Million CDN as at April 30, 2019. The investment portfolio is currently comprised of 10 industrial properties.
Formed in January of 2017, investors have the opportunity to share in the income produced by industrial real estate investments without buying or financing the properties themselves.
Management adds value by acquiring attractive industrial assets and implementing strategic initiatives, such as lowering the cost of capital. This approach supports the intended quarterly distributions, and creates potential for long-term capital growth.
Distributions to investors began in June of 2017 and have continued on a quarterly basis.
The REIT is managed by Ian J. MacKay.
For more information on the project and long term business objectives, refer to the Offering Memorandum dated April 30, 2019.