Marwest Apartment Real Estate Investment Trust (MAR-UN.V)

0.8500 -0.0400 (-4.49%) At close: 09:52AM EDT

Marwest Apartment Real Estate Investment Trust

220 Portage Avenue
Suite 500
Winnipeg, MB R3C 0A5
Canada
204 947 1200
https://www.marwestreit.com

Sector(s): Real Estate
Industry: REIT - Residential
Full Time Employees: 

Key Executives

Name	Title	Pay	Exercised	Year Born
Mr. William C. Martens	CEO & Trustee	N/A	N/A	1976
Ms. Jennifer Nazimek	CFO & Secretary	71.37k	N/A	1979
Mr. Armin W. Martens	Executive Vice-President	N/A	N/A	1986

Amounts are as of December 31, 2022 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in CAD.

Description

Marwest Apartment Real Estate Investment Trust (the "REIT") is an unincorporated, open-ended real estate investment trust established pursuant to a declaration of trust dated July 2, 2020, which was amended and restated on April 30, 2021. The REIT was a closed-ended real estate investment trust at December 31, 2020 and converted to an open-ended real estate investment trust on April 30, 2021 pursuant to a resolution passed by the Board of Trustees. The REIT owns and operates a portfolio of income-producing multi-family investment properties located in Western Canada. The REIT was established under the laws of the Province of Manitoba. The principal and registered office of the REIT is Suite 500-220 Portage Avenue, Winnipeg, Manitoba. At December 31, 2023, the REIT's portfolio consisted of four multi-family investment properties, all of which are held by its subsidiary, MAR REIT L.P. (the "Partnership"). Three of the investment properties are held through Marwest Apartments I L.P. ("Kenwood Court"), Marwest Apartments VII L.P. ("Brio Brownstones") and Marwest (Element) Apartments L.P. (“Element”) which are owned 100 percent by the Partnership and Prairie View Pointe which is owned directly by the Partnership.

Corporate Governance

Marwest Apartment Real Estate Investment Trust’s ISS Governance QualityScore as of N/A is N/A. The pillar scores are Audit: N/A; Board: N/A; Shareholder Rights: N/A; Compensation: N/A.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.