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GT CANADA MEDICAL PROPERTIES REIT (TSX-V: MOB.UN) ANNOUNCES NEW CFO

^{Published on 2011-06-02 12:56:07 - Market Wire}
 

TORONTO, June 2, 2011 /CNW/ - GT Canada Medical Properties REIT (the "REIT") announces that Brian Wilson has been appointed as the REIT's Chief Financial Officer effective July 1, 2011, conditional on necessary TSX Venture Exchange approval.

Mr. Wilson is a Chartered Accountant who spent twelve years at Ernst & Young, including five years as a tax specialist working primarily in real estate and financial services.  He was later recruited by National Trust, and appointed to the position of Chief Financial Officer, where he remained for over six years overseeing the acquisition of  several financial institutions.  Following the acquisition of National Trust by Scotiabank, he has held CFO and senior finance roles with a broad range of organizations from emerging businesses to established corporations including Home Trust, O&Y Properties/O&Y REIT and Macquarie Financial Limited.

"Brian's range of experience is the perfect complement for GT Canada.  His familiarity with the early-stage environment plus deep experience with mature financial and real estate organizations will allow us to maximize resources now while drawing on his considerable experience to achieve our long term growth objectives" said Andrew Shapack, Chief Executive Officer of the REIT.

GT Canada Medical Properties REIT

The REIT is exectuing a strategy to become a leading owner of medical office buildings in Canada through a disciplined acquisition program aimed at creating a geographically diversified portfolio of properties that will generate stable and growing rental income and capital appreciation opportunities.

This press release contains forward-looking statements. Forward-looking statements can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "estimates", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the REIT to be materially different from any future results, performance or achievements.

Neither the TSX Venture Exchange Inc. nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) has approved or disapproved the contents of this press release.