RioCan Real Estate Investment Trust appoints John Ballantyne to Chief Operating Officer

TORONTO, Nov. 25, 2021 (GLOBE NEWSWIRE) – RioCan Real Estate Investment Trust (“RioCan” or the “Trust”) (TSX: REI.UN) is pleased to announce the appointment of John Ballantyne as Chief Operating Officer ( “COO”), effective January 1, 2022, a promotion from his current position as Senior Vice President, Asset Management. As COO of RioCan, Mr. Ballantyne will oversee property operations and leasing. In addition, he will continue to lead Asset Management, ESG and RioCan’s residential portfolio, RioCan Living ™.

“John has shown himself to be a dynamic, trusted leader and has extensive experience successfully leading teams in several areas of our business,” said Jonathan Gitlin, president and chief executive officer of RioCan. “John has a solid reputation as a strategic thinker and champion for our people and the communities in which we operate. His deep understanding of the industry and the company will further enhance RioCan’s operational excellence as we advance our strategy to drive sustainable growth. “

A longtime member of RioCan’s senior leadership team, Mr. Ballantyne has been with RioCan for more than 27 years. He was RioCan’s first asset manager and was a key driver of growth and strategic direction in developing the trust. As Senior Vice President, Asset Management, Mr. Ballantyne focused on optimizing the performance of RioCan’s multi-billion dollar portfolio, building a sustainable business model, and incorporating RioCan’s employees, community, and environmental aspects into all decision-making.

“It is an honor to take on the role of COO and I am incredibly proud of everything the RioCan team has achieved in my career with the Trust,” said John Ballantyne. “I look forward to working with the team and leveraging my industry experience and relationships as we continue to build the strengths of our high quality portfolio, support responsible growth, and add long-term value for shareholders.”

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About RioCan
RioCan is one of Canada’s largest real estate investment trusts. RioCan owns, manages, and develops retail-oriented, increasingly mixed-use properties in prime, high-density, traffic-oriented areas where Canadians want to shop, live and work. As of September 30, 2021, our portfolio includes 210 properties with a total net rental area of ​​approximately 36.9 million square feet (in the interests of RioCan), including office and residential properties, and 15 development properties. To find out more about us, please visit www.riocan.com.

CONTACT: RioCan Real Estate Investment Trust Contact Information Jonathan Gitlin President and Chief Executive Officer 416-866-3033 | www.riocan.com