Company Overview

Nexus Industrial REIT is a Canadian real estate investment trust focused on owning and operating income-producing industrial, warehouse, logistics, and select retail and office properties across Canada. The REIT primarily operates in the industrial real estate sector, with industrial assets representing the dominant share of its portfolio by gross leasable area and net operating income. Its core revenue driver is rental income generated from long-term leases with commercial tenants, including businesses involved in logistics, manufacturing, distribution, retail support, and light industrial operations.

The REIT was formed through the combination and repositioning of legacy real estate entities and has evolved into an industrial-focused platform through acquisitions, development activity, and asset recycling. Nexus Industrial REIT has emphasized growth in Canadian industrial markets that benefit from e-commerce expansion, supply-chain modernization, and limited industrial vacancy. Its strategic positioning is supported by a diversified tenant base, long lease durations, and exposure to major transportation and logistics corridors in Canada.

Business Operations

Nexus Industrial REIT generates revenue primarily through leasing activities within its Industrial Portfolio, supplemented by a smaller Retail Portfolio and limited office exposure. The REIT owns and manages distribution facilities, manufacturing properties, mixed-use industrial sites, and commercial retail assets. Rental revenue, property management efficiencies, lease renewals, and acquisitions are key contributors to operating performance. The REIT has historically pursued value-add opportunities through redevelopment, repositioning, and selective intensification of properties.

Operations are concentrated in Canada, with assets located across multiple provinces including Ontario, Quebec, Alberta, British Columbia, Saskatchewan, Manitoba, Nova Scotia, and New Brunswick. Nexus Industrial REIT internally manages many aspects of its operations, including asset management, leasing, acquisitions, and capital allocation. The REIT has utilized partnerships with developers, financing institutions, and commercial tenants to support expansion and redevelopment initiatives. Public disclosures, including SEDAR+ filings, annual reports, and investor presentations, indicate ongoing portfolio optimization through acquisitions and selective property dispositions.

Strategic Position & Investments

Nexus Industrial REIT’s strategic direction has centered on increasing industrial exposure while reducing non-core retail and office concentration over time. Growth initiatives have included acquisitions of industrial properties in key logistics and transportation markets, development projects designed to increase leasable area, and redevelopment of underutilized sites. The REIT has also focused on improving portfolio quality through tenant diversification, lease term management, and geographic expansion into stronger industrial submarkets.

The REIT has invested in modern logistics-oriented facilities that align with e-commerce fulfillment and supply-chain demand trends. Management has also emphasized balance sheet management and access to capital markets to support acquisition activity. While Nexus Industrial REIT does not operate large standalone subsidiaries in the manner of diversified corporations, it holds numerous property-owning entities associated with specific real estate assets and transactions. Available public disclosures indicate continued interest in industrial intensification and development opportunities within major Canadian urban and transportation corridors.

Geographic Footprint

Nexus Industrial REIT operates exclusively in Canada, with its headquarters located in Toronto, Ontario. Its property portfolio spans major economic regions including Ontario, Quebec, Western Canada, and the Atlantic provinces. The REIT maintains significant exposure to the Greater Toronto Area and other logistics-oriented markets that benefit from population growth, transportation infrastructure, and industrial demand.

The REIT’s national footprint provides exposure to multiple regional economies and tenant industries, including transportation, consumer goods distribution, manufacturing, and industrial services. Properties are generally located near highways, rail infrastructure, ports, or urban population centers, supporting tenant logistics and operational efficiency. Nexus Industrial REIT does not maintain a major international operating presence, and available public disclosures indicate that its investment activities remain concentrated within Canadian commercial real estate markets.

Leadership & Governance

Nexus Industrial REIT is governed by a board of trustees and an executive leadership team responsible for capital allocation, acquisitions, leasing strategy, and portfolio management. Management has consistently communicated a strategy focused on industrial portfolio expansion, disciplined financing, operational efficiency, and long-term unitholder value creation. Public filings and investor materials emphasize conservative balance sheet management and strategic portfolio repositioning toward higher-growth industrial assets.

Key executives include:

• Kelly Hanczyk – Chief Executive Officer
• Robert Chiasson – Chief Financial Officer
• Andy Storch – Chief Operating Officer
• Mary Rzepka – Executive Vice President, Asset Management
• Nabil Kebabdjian – Executive Vice President, Investments

Leadership information and operational details are reflected in publicly available disclosures including annual reports, management information circulars, and regulatory filings. Certain executive responsibilities and organizational structures may evolve over time based on corporate reporting updates.