Overview
Description
Crombie Real Estate Investment Trust is a prominent real estate investment trust that primarily focuses on owning, operating, and transforming grocery-anchored and retail-related properties across Canada. The primary function of Crombie REIT is to provide investors with stable income through dividends generated from its extensive portfolio of commercial real estate holdings. With assets strategically located across urban and suburban markets, Crombie emphasizes acquiring and managing properties that host large national retail chains and anchor tenants, ensuring continued foot traffic and rental income stability.
Crombie REIT is a key player in the Canadian real estate sector, effectively blending retail real estate with innovative mixed-use developments that integrate residential and commercial spaces. This approach not only maximizes property value but also enhances community development. Headquartered in Nova Scotia, Crombie's market significance lies in its strong partnerships and alliances with leading grocers, which bolster its stability and growth prospects in the competitive real estate market. The trust’s strategy of focusing on high-quality retail locations underscores its commitment to resilient asset management within the dynamic landscape of Canadian real estate.
About
CEO
Mr. Mark Holly
Employees
303
Address
610 East River Road
Suite 200
New Glasgow, B2H 3S2, NS
Canada
Suite 200
New Glasgow, B2H 3S2, NS
Canada
Phone
902 755 8100
Website
Instrument type
REIT
Sector
Real Estate
Industry
REIT - Diversified
Country
United States
MIC code
PINX