Triumph Real Estate Investment Fund Trust Announces Acquisition of a Retail Building in Red Deer, AB
Triumph Real Estate Investment Trust (the “Trust”), a private real estate investment trust, announced today it has closed on its latest acquisition, a commercial/retail building in the city of Red Deer, Alberta.
This recently renovated building known as Roland Place, is strategically located in the heart of the rejuvenated Red Deer downtown area. Roland Place is fully leased, supplying retail services to surrounding office buildings as well as near-by residences.
Triumph will use its extensive experience in commercial building management to successfully manage and operate the Roland Place property to the highest profession standards.
In addition the Trust has a new commercial/retail property under contract with the intention to close on this property in Q4 2015.