RioCan REIT

RioCan REIT is a Canadian realty company. It is currently the second-largest REIT in the country. They own over 33 million square feet of land. They have almost 300 mostly office and retail properties. 
==History==
RioCan was established in 1993 as Counsel REIT. A year later, they went on the Toronto Stock Exchange. In 1995, Counsel REIT was renamed to RioCan REIT, which continues to be the company's name today. 
Throughout the 1990s, RioCan purchased many shopping malls and plazas throughout Canada. By the turn of the century, RioCan became the largest REIT in Canada. 
In 2010, RioCan expanded into the American market. However, in December 2015, RioCan sold their American properties to Ramco-Gershenson Properties Trust.
In 2011, RioCan began a joint venture with Tanger Outlets to open the first Canadian Tanger Outlet locations. 
However, 2015 marked a strategic shift for RioCan. Pivoting away from retail, they sold off many of their enclosed malls to focus on residential properties. This move saw them drop to the second largest REIT, but it paved the way for their future endeavors.
Category:Mall Companies
Category:Realty Companies
Category:North America
Category:Canada
Category:1993 establisments
Category:Companies