‘I’m more excited than ever,’ says Ed Sonshine, CEO of the real estate investment trust
(Source: Globe and Mail)
Ed Sonshine is really, really, really excited about 2010.
It’s been a good year for the real estate investment trust [RioCan, REI.UN-T], with its units gaining 37.4 per cent. The strength helped the company raise $250-million on the debt and equity markets, money it can use to help finance expansion in both Canada and the United States. After years of quietly and conservatively building Canada’s largest shopping mall company, Mr. Sonshine is ready to do some shopping of his own.
The problem? All of the “steals” are in the United States, where RioCan is a newcomer.
Read Steve Ladurantaye’s full article “Flush RioCan ready to brave U.S. expansion” in the Globe and Mail (January 2, 2010).