Nova Net Lease REIT announced the addition of Rick Turner to its board of trustees effective immediately. Mr. Turner replaces Richard Michaeloff, who had previously announced that he would temporarily remain on the board until a suitable replacement was found. Mr. Turner is presently the CEO of TitanStar, a family-office investing in real estate and other commercial endeavors.

Rick was the chairman of the board of Pure Industrial Real Estate Investment Trust, also known as PIRET (TSX: AAR.UN) from its inception in 2007 until 2018 when it was acquired by Blackstone. That industrial real estate trust went public with a $19 million IPO and was later sold for $3.8 billion. Mr. Turner has had a long and successful business career serving as CEO and as a director on the boards of numerous commercial enterprises, such as: International Airport Terminals Inc., Invesque Inc., Western One, and NexLiving Communities Inc., HealthLease Properties, SunRise Senior Living, among others.

In addition, Mr. Turner has long been dedicated to public service beginning with his role as an administrative law adjudicator, and including his service on the boards of the Vancouver Fraser Port Authority and the 2010 Vancouver Olympics. He also chaired the boards of both the Insurance Corporation of British Columbia and the B.C. Lottery Corporation.