Nexus Industrial REIT Appoints Seasoned Executive Curt Millar to Board of Trustees

Nexus Industrial REIT (TSX: NXR.UN), a Canada-based real estate investment trust, announced the appointment of Curt Millar, a seasoned finance and real estate executive, to its board of trustees. Millar's appointment is effective July 2, 2026, succeeding Bradley Cutsey, who had served on the board since 2016. Concurrently, Mr. Millar has also been appointed to the REIT's Audit Committee.

Ben Rodney, Chair of the board of trustees, expressed sincere thanks to Bradley Cutsey for his invaluable contributions and diligent service over the past 10 years. Rodney also stated their excitement to welcome Curt Millar, highlighting his exemplary track record as a strategic, growth-minded executive with deep expertise in finance and real estate.

Curt Millar served as Chief Financial Officer (CFO) at InterRent REIT from 2010 to 2025. During his 15-year tenure, he oversaw a large residential portfolio comprising over 12,000 apartment units and contributed to the successful execution of major strategic initiatives. His time at InterRent REIT was marked by a decisive contribution to the company's sustained growth and financial strength, including a pivotal role in the company's recent sale for $4 billion. Most recently, in January 2026, Mr. Millar joined Brigil, a real estate developer and builder based out of Gatineau, Québec, as their Chief Financial Officer and Executive Vice President.

This appointment is seen as a significant step for Nexus Industrial REIT to strengthen its corporate governance structure and achieve its strategic objectives. In the real estate investment trust sector, the expertise of board members can directly influence a company's portfolio management, financial strategies, and growth potential. Nexus Industrial REIT is a growth-oriented REIT focused on increasing unitholder value through the acquisition of industrial properties located in primary and secondary markets in Canada, as well as the ownership and management of its existing portfolio.

With the continued demand for industrial assets in the Canadian real estate market, the addition of an experienced individual like Curt Millar could help Nexus further solidify its market position. The industrial real estate segment has shown robust performance in recent years, driven by the rise of e-commerce and the increasing importance of supply chain logistics.

Analysts and market expectations suggest that Millar's successful track record at InterRent REIT and his extensive network in the real estate sector will positively contribute to Nexus Industrial REIT's future growth trajectory and financial performance. His role on the Audit Committee is also expected to enhance the REIT's financial transparency and risk management processes. He is anticipated to support the company's strategies to further expand and optimize its current portfolio of 88 properties, comprising approximately 12.3 million square feet of gross leasable area.