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Crombie REIT Announces Small Business Support Program
Crombie REIT Announces Small Business Support Program Canada NewsWire NEW GLASGO...
About this update from Crombie Real Estate Investment Trust
[{"type":"text","content":"\n\n\n\nCrombie REIT Announces Small Business Support Program\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nNEW GLASGOW, NS, March 27, 2020\n\n\n\nNEW GLASGOW, NS, March 27, 2020 /CNW/ - Crombie Real Estate Investment Trust (\"Crombie\") (TSX: CRR.UN) today announced that it will launch the Crombie Values Small Business Program, a program to offer relief to qualifying small business tenants impacted by the COVID-19 pandemic.\nCrombie's small business support program includes relief that defers rent to assist small businesses during this unprecedented time. Effective as early as April 1, 2020, small businesses within Crombie's portfolio that demonstrate a need for assistance may qualify to defer a portion or all of their rent for two months. Tenants who have requested relief will promptly receive a letter outlining program details and eligibility requirements. Inquiries should be sent to [email protected].\n\"Canadians from coast to coast are doing what we need to do to 'flatten the curve' of this pandemic,\" says Don Clow, President and CEO of Crombie. \"Crombie is fortunate that approximately 75% of our portfolio is comprised of grocery, drugstore, government, and other high credit tenants. We're aware that small business owners are facing difficult times, and many of our tenants are facing substantial losses in revenue. For some small business owners, these losses threaten their sustainability. We want to help these business owners, many of whom have recently found themselves in the heartbreaking position of locking their doors and laying off their staff. We are pleased to offer this program in support of qualifying small businesses and will continue to discuss how we can support them as we move forward together.  This is the right thing to do for our tenants, for Crombie, and for our communities.\"\nAbout Crombie REITCrombie Real Estate Investment Trust (\"Crombie\") is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. Crombie is one of the country'...