Primaris Retail Real Estate Investment Trust

Corporate Finance:Real Estate

Summary

Primaris Retail Real Estate Investment Trust (Primaris) owns 26 shopping centres and has a net interest in 9.3 million square feet of leasable area located in seven provinces in Canada. Primaris invests in mid-market retail properties in major Canadian markets and major retail centres in secondary Canadian cities. Ontario Municipal Employees Retirement System (OMERS) has a 9.1% ownership interest in Primaris and manages the properties through a subsidiary.