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Sunday, February 05, 2012
Corporate Profile
Artis REIT (TSX: AX.UN) is an unincorporated open-ended real estate investment trust primarily focused on creating value for Unitholders through the investment in and ownership of quality commercial properties in select markets.
Artis REIT's portfolio comprises over 16.5 million square feet of industrial, retail, and office space in Canada and the United States.
Our Objective Artis REIT's primary objective is to maximize total returns to our Unitholders. Returns include a stable, reliable, and tax efficient monthly cash distribution as well as long-term appreciation in the value of Artis REIT's units.
Our Strategy Artis REIT's management employs several key strategies to meet our primary objective.
Portfolio Diversification. We build stability into our cash flows through a strategy of diversification. Our commercial properties are well diversified across the industrial, retail, and office asset classes. We are also geographically diversified with properties owned across western Canada, as well as Ontario, and in select markets in the United States.
Portfolio Expansion. We build growth into our cash flows through the efficient sourcing and deployment of capital into high-quality and accretive acquisition opportunities in our target markets, or into high-yield intensification or (re)development opportunities that exist within our property portfolio.
Managing for Value Creation. We build value through the active management of our portfolio, leveraging off the experience and expertise of our management team. We focus on maximizing property value and cash flows over the term, creating additional value through the selective disposition of assets at premium prices, and reinvesting and repositioning the portfolio on an on-going basis in higher growth markets.
Artis REIT's Management Team Artis REIT's management team has over 75 years of collective experience in construction, development, and management of commercial and other properties in Canada and the United States. The management team at Artis REIT has implemented a prudent investment strategy, which includes stringent acquisition criteria, a conservative financing approach, and the development of excellent deal flow in its target markets. Marwest Management Canada Ltd. "Marwest", a corporation incorporated under the laws of Manitoba, is the property manager for Artis REIT and has responsibility for the day-to-day management of the REIT's portfolio. Marwest is also the asset manager of Artis REIT, although Artis has announced its intent to internalize the asset management function of the REIT by no later than December 31, 2011. As the asset manager of Artis REIT, Marwest provides, among other things, advisory, asset management, and administrative services to Artis REIT. Artis REIT benefits from access to Marwest's experienced real estate team, broad network of relationships in western Canada and commercial property and financing expertise. Marwest has developed and/or built over $1 billion of commercial, industrial, and residential real estate over the past 45 years. Marwest's activities have been focused on western Canada, with some development also taking place in the United States.
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