RioCan REIT

RioCan was one of the first real estate investment trusts in Canada. Founded in 1993 by the visionary Ed Sonshine, the company has grown into one of the largest and most successful REITs in the country. We are proud of our legacy, while always remaining adaptable and looking to the future. Through discovery, strategy, integrity and an entrepreneurial spirit, we harness Canada’s most adaptable major market portfolio to create vibrant community spaces where people want to shop, live and work.

RioCan owns, manages and develops retail-focused, increasingly mixed-use properties in Canada’s major markets. In anticipation of emerging consumer and demographic trends impacting the commercial real estate landscape, RioCan was an industry leader in initiating a major market mixed-use development strategy. Our strategy focuses on serving high density areas and adapting the portfolio for best possible use, to generate quality income and create unitholder value. Prioritizing stability and high-quality income, RioCan has evolved our tenant mix to focus on necessity-based and service-oriented tenants, while reducing exposure to potentially vulnerable retail concepts. Tailoring our tenant base so that consumers have everything they need in one place has led to a strong and diversified tenant mix.

Through bold redevelopment projects, RioCan converts our existing, transit-friendly properties into vibrant, mixed-use communities including office and residential spaces. We recognized the development potential inherent in our portfolio early on and gained a head start on zoning, resulting in a deep pipeline totalling over 40M square feet. RioCan’s diversified property portfolio is the product of nearly three decades of acquisitions, adaptability and development.

We own, manage, and develop quality assets concentrated in Canada’s six major markets, in high-density transit-oriented areas. The majority of our properties are comprised of strong and stable necessity-based tenants, such as grocery, pharmacy, liquor, personal services, and value and specialty retailers. Increasingly, we also boast well-located office and residential spaces that cater to consumer needs.