Westhaven REIT Now Enrolling Precise ParkLink Employees in Group RRSP
For immediate release.
Wednesday, March 1, 2023
Westhaven Real Estate Investment Trust (“Westhaven REIT”) is pleased to announce that we are now enrolling Precise ParkLink employees and participating affiliates into a group Registered Retirement Savings Plan (RRSP) whereby all employees will have their contributions matched by Precise ParkLink as per company policy.
Precise ParkLink, Canada’s leading, full-service parking and mobility provider, launched its group RRSP in January 2023 to help its employees plan for their future and work towards their financial goals. Contributing to Precise ParkLink’s group RRSP is entirely voluntary, with all contributions being tax-deductible and all investment earnings tax-sheltered. Employee contributions will be managed by a professional investment management firm, Caldwell Securities Ltd., and invested in the Westhaven REIT portfolio.
Luigi Lato, Chief Operating Officer at Precise ParkLink, stated, “We are pleased to offer our employees and participating affiliates the ability to contribute to a group Registered Retirement Savings Plan. At Precise ParkLink, investing in our employees remains a key priority, and we look forward to continuing to do so through employee-focused initiatives.”
Saverio Nestico, MBA, CPA, President and CIO of Westhaven REIT, stated, “Westhaven REIT is pleased to offer Precise ParkLink employees the opportunity to invest in our expanding and diversified portfolio. This initiative will continue to generate long-term growth for all parties and will support Precise ParkLink’s mission of enriching the lives of its employees.”
Westhaven REIT looks forward to supporting Precise ParkLink, its employees and participating affiliates now and in the future.
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.