True North Commercial REIT is a Canada-based unincorporated, open-ended Real Estate investment trust, founded in 2012. The company owns approximately 25 commercial properties located in Alberta, Ontario, and New Brunswick, totaling around 1,444,100 square feet of gross leasable area. The properties consist mainly of office space, with a small portion designated for industrial use. True North's focus is on expanding its portfolio primarily through acquisitions across Canada and other suitable jurisdictions. The company's investment property and related assets and liabilities are held in the True North Commercial Limited Partnership, which is owned by the REIT. As of November 18, 2019, the company received a $80.50M post-IPO equity investment. The investors for this round of funding are not specified at this time. True North Commercial REIT's properties are diverse and include locations such as 855 8th Avenue SW, 13140 St. Albert Trail, 251 Arvin Avenue, 777 Brock Road, 400 Carlingview Drive, 500 Beaverbrook Court, 295 Belliveau Avenue, 410 King George Highway, and 551 King Street. Despite the need for wider geographical diversity in its property portfolio, the company's robust presence in key Canadian regions provides a stable foundation for future growth and investment opportunities.
| Funding Stage | Amount | No. Investors | Investors | Date |
|---|---|---|---|---|
| Post-IPO Equity | $80.50M | - | 18 Nov 2019 | |
| Post-IPO Equity | $97.80M | - | 20 Jul 2018 | |
| Post-IPO Equity | $30.00M | - | 28 Jun 2017 | |
| Post-IPO Equity | $71.02M | - | 09 Nov 2016 | |
| Post-IPO Equity | $300.00K | - | 29 Jul 2015 |
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