TORONTO--(BUSINESS WIRE)--Agellan Commercial Real Estate Investment Trust ("Agellan” or the “REIT") (TSX:ACR.UN) announced today the appointment of Daniel Millett, CPA, CA, as Chief Financial Officer. Mr. Millett will succeed Interim CFO, Rosalia Lau, who will remain with Agellan Capital Partners Inc. (“ACPI”).
“We look forward to Daniel playing a strong leadership role in the financial management of the REIT as we advance our growth strategy.”
"Daniel has extensive experience working with public companies, supporting financial and regulatory reporting, audit services, and strategic transactions," said Frank Camenzuli, Chief Executive Officer of Agellan. "We look forward to Daniel playing a strong leadership role in the financial management of the REIT as we advance our growth strategy."
Mr. Millett was formerly a Senior Manager, at KPMG LLP, in their building, construction and real estate audit practice. He has proven expertise in financial controls, risk management, financial reporting, real estate valuation and financial modeling for mergers and acquisitions. He holds a Chartered Professional Accountant, Chartered Accountant designation, and Bachelors of Business Administration from Wilfrid Laurier University.
About Agellan Commercial Real Estate Investment Trust
The REIT is an unincorporated, open-ended real estate investment trust established pursuant to a declaration of trust under the laws of the Province of Ontario. The REIT has been created for the purpose of acquiring and owning industrial, office and retail properties in select target markets in the United States and Canada.
The REIT's current portfolio aggregates approximately 4.3 million square feet of gross leasable area in 24 properties. The properties are primarily located in Texas, Ontario and the U.S. Midwest. The REIT’s portfolio is well diversified by geographic location, asset class and tenant mix. For more information, please visit www.agellancommercialreit.com.
About Agellan Capital Partners Inc.
Agellan Capital Partners Inc. is a privately-held real estate investment management company that acquires and manages industrial, retail and office assets across the United States and Canada on behalf of its clients. Founded in 2003, ACPI has transacted over $1.7 billion of commercial real estate on behalf of its clients and has managed commercial real estate totaling up to approximately 8 million square feet. The firm has corporate offices in Toronto, ON and a regional acquisition and asset management office in Calgary, AB. For more information, please visit www.agellancapital.com.
This press release contains forward-looking information within the meaning of applicable securities legislation, which reflects the REIT’s current expectations regarding future events. Forward-looking information is based on a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond the REIT’s control that could cause actual results and events to differ materially from those that are disclosed in or implied by such forward-looking information. These forward-looking statements are made as of the date of this press release and, except as expressly required by applicable law, the REIT assumes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.