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CEO of True North Commercial Backs Up His Words, Increases Stake in REIT

Daniel Drimmer Boosts His Stake in Office REIT to Almost 10% Amid Cuts in Distribution
True North is selling the Narono Building at 360 Laurier Ave. W in Ottawa, now under contract, as it looks to strengthen its balance sheet. (CoStar)
True North is selling the Narono Building at 360 Laurier Ave. W in Ottawa, now under contract, as it looks to strengthen its balance sheet. (CoStar)
CoStar News
April 17, 2023 | 10:24 P.M.

True North Commercial REIT said insiders are beefing up their holdings of the company's units, even as the real estate investment trust has cut its distribution and eliminated its distribution reinvestment plan.

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