Solid Foundations for Growth
PROREIT was cofounded in 2013 by CEO James W. Beckerleg and CFO Gordon G. Lawlor, with the goal of building a mid-cap commercial REIT in Canada. PROREIT started with one property and has grown rapidly, today owning a portfolio of 130 high-quality properties mainly in the industrial sector. We are located in 10 Canadian provinces, with a strong presence in Eastern and Central Canada.
Our objective is to pursue prudent growth opportunities in the industrial sector in mid-size Canadian cities with robust economies.
We have a clear vision for the future, and we are dedicated to generating consistent income while creating long-term value to the benefit of our stakeholders.
Creation of Proreit
One property in Moncton, New Brunswick
Gross Leasable Area (GLA): 397K sq. ft.
TSX-V listing (PRV.UN)
23 properties
GLA: 1M sq. ft.
32 properties
GLA: 1.7M sq. ft.
39 properties
GLA: 2M sq. ft.
66 properties
GLA: 2.7M sq. ft.
Present in 9 provinces across Canada
84 properties
GLA: 3.7M sq. ft.
Achieved $500M asset target
Acquisition of national property manager Compass Commercial Realty LP
Fully internalized asset and property management platforms
92 properties
GLA: 4.4M sq. ft.
Named to the Venture 50, celebrating top TSX-V performances
Graduation to TSX and 3:1 consolidation of units
91 properties
GLA: 4.5M sq. ft.
120 properties
GLA: 6.6M sq. ft.
AN INDUSTRIAL-FOCUSED REIT
STRATEGIC JOINT VENTURE AGREEMENT WITH CRESTPOINT REAL ESTATE INVESTMENTS
141 PROPERTIES (42 are 50% owned)
GLA: 6.6M sq. ft.
PUBLICATION OF FIRST ENVIRONMENTAL, SOCIAL AND GOVERNANCE REPORT
10-year anniversary
123 properties (42 are 50% owned)
GLA: 6.2M SQ. FT.
Gordon G. Lawlor named new CEO
$35M issuance of unsecured subordinated debentures
