Choice Properties REIT
Choice Properties REIT is one of the largest real estate investment trusts in Canada. They take their role as stewards of real estate investment very seriously, and this is why they follow a strict Code of Conduct. This doctrine has helped them consolidate a vast portfolio of numerous properties. Their foundation has been in supermarket-anchored shopping centres, but they are now diversifying their portfolio by investing into large residential projects.
Every decision they make is is based on their Code of Conduct. This set of rules has allowed them to cultivate a powerful culture of responsibility and ownership. Their Code is as follows…
Do the Right Thing. The three pillars of this principle are serving tenants, safety, and environmental safety. These pillars all come back to the occupants of their developments. Choice wants to ensure that the tenants will be safe and properly cared for. They also want the tenants to consider the safety of each other, this is why regular audits are performed.
Own Your Actions. It is important that employees take responsibility for their own choices and actions. They take trust very seriously, and employees are expected to act ethically, lawfully, and professionally. We are all Crew. This belief is based in an understanding of mutual respect. It is vital that a workplace is free of harassment, discrimination, and violence.
Raise the Bar. Their ultimate goal is to succeed, and in an ever evolving marketplace this is done by identifying and eliminating inefficiencies and providing the necessary tools for their employees to thrive. They listen to their employees too, consulting with them for their insights and encouraging them to try new things.
Protecting Trust Information and Assets. It is crucial that employees respect the private information of the company, and this includes trust and asset information.
Protecting the Trust’s Brands and Reputations. Their reputation has become one of their most valuable assets. People’s confidence in this trust has been carefully built over decades, and it's important that employees don’t damage that reputation. Financial Matters. As a publically traded company, it's important that they always provide full, true, and plain disclosure of its financial results.
Consequences for Code Violations. It’s important that these words mean something, and that’s why this trust is prepared to take disciplinary measures against any employee who goes against the code. This is critical for retaining investors’ faith.
This code has led Choice to become one of the largest REITs in Canada. Their portfolio contains nearly 43.8 million square feet of space of gross leasable floor space, and this encompasses over 530 properties throughout Canada. They have focused on shopping centres built around supermarkets, but today they are branching into residential development. They have invested in the massive master-planned community coming to Dundas and Bloor. The Dundas & Bloor Condos will be a mixed-use development, and they are going to fall back on their experience building premier shopping centres to make this a truly special place to live. They are going to incorporate elements that have made them successful, and also add new features like community squares and parks.
This trust has been massively successful in building shopping centres throughout all of Canada. This success can be explained by their Code of Conduct, which preaches tenets of responsibility, adaptability, and striving to be the best. This code will be sure to continue serving them well as they embark on a new venture of building a mixed-use residential development in one of the most sought after neighbourhoods in the city. The corner of Bloor and Dundas is rich in culture, local amenities, and public transit, making it supremely desirable. We’re sure they are up to the task.
Westward Mall 3000 Lougheed Hwy
This shopping centre in Coquitlam British Columbia is massive, so it's no surprise that it's become the staple shopping district in the area. It has 279,634 square feet of space and it is built around a Real Canadian Superstore, but it also has services like Westward Dental, Maroon Insurance, and H&R Block. You can also head here to eat, delicious chicken at their Nando’s. This has proven to be a fantastic investment because of its dense population that has an average household income of $102,549 - which is well above the Canada average.
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