Virtus Diversified REIT Announces Lease Renewal with Crown Corporation at Timmins, Ontario Property

by

in

TORONTO, Feb. 29, 2024 (GLOBE NEWSWIRE) — Virtus Capital Corporation, the asset manager of Virtus Diversified REIT is pleased to announce a lease renewal from the sole tenant, a federal government owned Crown Corporation, at the commercial property located in Timmins, Ontario. The renewed lease extends the tenancy agreement through January 31, 2030, ensuring continued occupancy and revenue stability for this key asset in our portfolio.

“We are thrilled to retain the federal government as a major tenant in the REIT and they are an invaluable asset for portfolio stability,” said Josh Will, Virtus EVP. “Their reliable revenue serves as a cornerstone, fortifying …

Full story available on Benzinga.com