RioCan Real Estate Investment Trust is the largest real estate investment trust

Real estate investment trust

A real estate investment trust or REIT is a tax designation for a corporate entity investing in real estate. The purpose of this designation is to reduce or eliminate corporate tax. In return, REITs are required to distribute 90% of their taxable income into the hands of investors...

 (REIT) in Canada with ownership interests in over 200 retail properties. The trust invests primarily in supermarket and junior department store-anchored, neighborhood, convenience-oriented shopping centers. The company properties are located across Canada, as well as recent acquisitions in the U.S. northeast and Texas

Texas

Texas is the second largest U.S. state by both area and population, and the largest state by area in the contiguous United States.The name, based on the Caddo word "Tejas" meaning "friends" or "allies", was applied by the Spanish to the Caddo themselves and to the region of their settlement in...

. The current chief executive officer

Chief executive officer

A chief executive officer , managing director , Executive Director for non-profit organizations, or chief executive is the highest-ranking corporate officer or administrator in charge of total management of an organization...

is Edward Sonshine.