Mario Barrafato Pursues his Dream with CREIT as CFO
Dream Unlimited Corporation and Dream Office REIT Announce Senior Management Departure
Mario joined Dream in 2001 as Vice President, Taxation. He was then promoted to Senior Vice President & Controller of Dream Office REIT in 2003 and subsequently to CFO in 2006. In his tenure at Dream, Mario was involved in many transactions including the 2007 sale of the Eastern portfolio to GE Real Estate and the IPO of Dream Industrial REIT . He also served as the initial CFO of Dream Industrial REIT and Dream Unlimited Corporation when each were created in 2012 and 2013, respectively, until dedicated CFOs were hired.
The duties of the CFO of Dream Office REIT will be performed by other CFOs within the Dream group of companies for an interim period until senior management of Dream identifies the next CFO to lead Dream Office to the next stage in an ever-changing environment.
"We wish Mario every success in his new role and thank him for his contributions over the years," said Michael Cooper, Vice Chairman of Dream Office REIT and President and CEO of Dream Unlimited Corporation. "Over the last few months, two of our colleagues have accepted CFO positions at market-leading Canadian REITs. It is a testament to our recruiting, training, reputation and culture that our colleagues have so many opportunities to succeed within our company and elsewhere. We continue to recruit thoughtful, talented and inspired team players who can contribute to our company's success and we undertake to provide them with the opportunity and training to succeed within our organization and develop their capabilities with a rewarding career."
CREIT appointments of Mario Barrafato as Chief Financial Officer of the Trust effective March 30, 2015.
Mr. Barrafato comes with over 20 years of senior management experience in corporate finance, financial reporting and capital markets.
Stephen Johnson, Chief Executive Officer, said, "We are very pleased to have Mario join CREIT. He is a recognized and well-respected finance leader who, with his deep knowledge of the real estate industry and capital markets, will make a great addition to our senior management team."
CREIT is a real estate investment trust focused on accumulating and aggressively managing a portfolio of high-quality real estate assets and delivering the benefits of real estate ownership to Unitholders. The primary benefit is a reliable and, over time, increasing monthly cash distribution. CREIT owns a diversified portfolio of retail, office and industrial properties.