VANCOUVER, Sept. 5,
2017 /PRNewswire/ - Pure Industrial Real Estate Trust (TSX:
AAR.UN) (the "Trust") is providing a preliminary property
assessment of the impact of Tropical Storm Harvey on its properties
in and around Houston,
San Antonio and Austin, Texas.
The Trust owns two industrial properties in Cedar
Port Industrial Park, approximately 35 miles east of downtown
Houston. The Trust has had ongoing
communication with its tenant who has informed us that both
properties have sustained only minor damage. The Trust also owns
properties in the San Antonio and
Austin areas of Texas and the Trust has received confirmation
from its tenant that these properties were not impacted by the
storm.
Kevan Gorrie
President and CEO of the Trust commented, "On behalf of the
Trust we wish to express our deepest concern for all who have
encountered the devastation caused by Hurricane Harvey. Our first
priority has been to ensure the safety and security of the people
at our buildings. We will continue to monitor conditions as the
clean-up continues and provide assistance as best we can."
The Trust has made a financial contribution to
the Hurricane Harvey Relief Fund housed by the Greater Houston
Community Foundation.
ABOUT PURE INDUSTRIAL REAL ESTATE TRUST
The Trust is an unincorporated, open-ended
investment trust that owns and operates a diversified portfolio of
income-producing industrial properties in leading markets across
Canada and key distribution and
logistics markets in the United
States. The Trust is an internally managed REIT and is one
of the largest publicly-traded REITs in Canada that offers investors exposure to
industrial real estate assets in Canada and the
United States.
Additional information about the Trust is
available at www.piret.ca or www.sedar.com.
Toronto Stock Exchange – AAR.UN
THE TORONTO STOCK EXCHANGE HAS NOT REVIEWED AND DOES NOT
ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR THE ACCURACY OF THIS
RELEASE.
SOURCE Pure Industrial Real Estate Trust (PIRET)