Nexus Industrial REIT (TSX:NXR.UN) is focused on building its industrial portfolio. As a result, the REIT is in the process of disposing of its retail and office properties. In addition, the REIT is examining the potential sale of a group of non-core industrial buildings.

In total, this equates to an approximate target of $200 million. The REIT expects the property sales to close in the second half of the year, and the proceeds to be used to reduce the REIT?s debt balance.