Investor Presentation September 2023
2023 Acquisitions to Date
Date Closed
Asset
Type
City
GLA
(at share)
March 7, 2023
Industrial
Casselman, ON
530,000 sf
$116.5MM
April 21, 2023
Industrial
London, ON
264,600 sf
$36MM
Purchase/Sale
Price
Highlights
Brand-new single-tenant distribution centre leased to Ford. An
opportunity to build a relationship with a reputable developer.
Single-tenant distribution centre. Upside upon lease expiry in
2025 is expected to be 175%. The property has an appraised
value of $60MM.
Brand-new distribution building. The single tenant building has a
long-term lease with annual increases of 4.25%.
Distribution building in with brand new expansion of ~150,000sf.
The property is leased entirely to a single tenant on a long-term
lease deal.
Brand-new distribution building. The single tenant with a long-
term lease with annual increases of 4%.
June 1, 2023
Industrial
Laval, QC
192,000 sf
$64.7MM
June 15, 2023
Industrial
London, ON
304,000 sf
$56.4MM
July 4, 2023
Industrial
Burlington, ON
142,000 sf
$64.7MM
Total Acquisitions
1.43MM sf
$338MM
Other Activity:
•
To date, the REIT has sold 1 retail property for $42MM and 1 non-core industrial asset for $4.2MM.
.
The REIT continues to dispose of retail, office and non-core industrial to help fund the pipeline of acquisitions and
development that we are strategically pursuing.
NEXUS
INVESTOR PRESENTATION SEPTEMBER 2023
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