Marwest Apartment Real Estate Investment Trust Unit (MAR.UN)
Summary
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Marwest Apartment Real Estate Investment Trust Unit Profile
| NEO-L Exchange | Canada Country |
Overview
Marwest Apartment Real Estate Investment Trust (the "REIT"), an unincorporated, open-ended real estate investment trust, was established under the laws of the Province of Manitoba with its foundation set forth in a declaration of trust dated July 2, 2020, and an amended and restated version on April 30, 2021. Originally structured as a closed-ended entity as of December 31, 2020, it transitioned to an open-ended real estate investment trust on April 30, 2021, following approval by the Board of Trustees. The REIT's primary focus is the ownership and operation of a portfolio composed of income-generating multi-family investment properties situated across Western Canada. Operating from its principal and registered office located at Suite 500-220 Portage Avenue, Winnipeg, Manitoba, the REIT boasts a portfolio of four multi-family investment properties as of December 31, 2023, all managed by its subsidiary, MAR REIT L.P. ("the Partnership").
Products and Services
- Kenwood Court
Operated through Marwest Apartments I L.P., Kenwood Court is a part of the REIT's real estate portfolio, fully owned by the Partnership. This property exemplifies the REIT's strategic focus on multi-family residential units catering to the needs of residents in Western Canada.
- Brio Brownstones
Brio Brownstones, managed by Marwest Apartments VII L.P., represents another vital component of the REIT's investment array. The 100% ownership by the Partnership affirms the REIT's commitment to delivering premium accommodation options within its chosen markets.
- Element
Marwest (Element) Apartments L.P. oversees Element, integrating it into the broader scheme of the REIT's portfolio. Like its counterparts, Element is wholly owned by the Partnership, reinforcing the umbrella strategy of focusing on high-quality, income-producing residential properties.
- Prairie View Pointe
Distinguished from the other properties by its direct ownership by the Partnership, Prairie View Pointe underscores the REIT's diversified approach towards property acquisition and management, thereby enhancing its multi-family property portfolio across Western Canada.
