Westhaven REIT Appoints Saverio Nestico as President and Chief Investment Officer
For immediate release.
Wednesday, February 1st, 2023
The Westhaven Group is proud to announce that Saverio Nestico, MBA, CPA, has recently been appointed as President and Chief Investment Officer (CIO) for Westhaven Real Estate Investment Trust (“Westhaven REIT”).
Saverio is a graduate of the Richard Ivey School of Business and a Chartered Professional Accountant. Saverio brings 25 years of Financial sector experience and an additional 15 years of legal experience as a Justice presiding in the Ontario Court of Justice.
In his role, Saverio will monitor investment activity within Westhaven REIT and work with external analysts to ensure compliance with established standards and best practices. In addition, he will also define investment policies for both short-term and long-term growth, actively manage investment funds to deliver exceptional value, and maintain strong investor relations with a focus on building solid and sustainable partnerships for the future.
Saverio has spent over 25 years building an impressive career in finance and operations. Throughout his vocation, he has proven to be an innovative thinker, primarily focused on achieving results for his clients. He has continuously accomplished this goal without compromising his strong sense of ethics or integrity. This experience builds on his notable academic accomplishments.
In joining Westhaven REIT, Saverio will provide insight and direction using his valuable interpersonal and financial skills developed over decades of building and coaching teams, managing projects, and negotiating disputes to the mutual satisfaction of all concerned parties.
We welcome Saverio to the Westhaven REIT team and look forward to leveraging his unique experience and talents to continue delivering value to our stakeholders.
For more information contact:
Maria Fiorini
Director, Marketing & Communications, Westhaven Group
Caution regarding forward-looking statements
This press release contains forward-looking statements and information within the meaning of applicable securities law, including but not limited to expectations related to Westhaven REIT's future business strategy, objectives and plans for expansion; future performance; and anticipated benefits of Westhaven REIT’s strategy. These forward-looking statements reflect management’s current expectations and are subject to risks and uncertainties that could cause the outcome to differ materially from current expectations. Such risks and uncertainties include, among others: general economic conditions; tenant financial difficulties, defaults and bankruptcies; increases in operating costs, property taxes and income taxes; Westhaven REIT’s ability to maintain occupancy and to lease or release space at current or anticipated rents; development, intensification and acquisition activities; risks related to property development, sales and leasing; environmental liability and compliance costs and uninsured losses; and risks and uncertainties related to the impact of the COVID-19 pandemic or other epidemics or outbreaks. Readers, therefore, should not place undue reliance on any such forward-looking statements. Westhaven Group undertakes no obligation to publicly update any forward-looking statements or to reflect new information or the occurrence of future events or circumstances except as required by applicable securities law. All forward-looking statements in this press release are made as of the date hereof and are qualified by these cautionary statements.
About Westhaven Group
WHERE INTEGRITY AND RELIABILITY MEET.
Westhaven Group oversees a collection of companies involved in managing and trading over 600,000 square feet of real estate across the City of Toronto and surrounding areas.
With multiple years of experience in the industry, our team works within residential and commercial spaces ensuring every aspect of real estate investment is covered.
Westhaven Group is a go-to source for all of your company needs.