PRESS RELEASE SEPTEMBER 2019
FOR IMMEDIATE RELEASE: September 6, 2019
Balnar Management Ltd
BALNAR MANAGEMENT TO LIST LARGE PART OF ITS MANAGED PROPERTY PORTFOLIO
Guelph, ON: Balnar Management Ltd this week announced that it is putting a large part of its managed property portfolio up for sale, effective immediately. This is a major move for Balnar Management as approximately 85% of its portfolio will be offered for sale by Colliers International, with a sale expected to close this winter.
Balnar has a responsibility to its investors to achieve maximum value for the properties and the timing of this suits the investors needs at this time since many have been with the company since its early days.
"Although this decision is best for the shareholders, partners and company, there is no question that it has been an incredibly difficult decision. We know that it affects things like legacy, the communities and properties that we serve, and our staff, whom we have so much respect and appreciation for," says Michael Balnar, President. "Our goal is to find a buyer who will carry this on in a positive way."
Balnar Management Ltd, itself, will continue in the future, but as a smaller entity.
All staff members and residents of Balnar Management Ltd have been informed of this decision prior to release.
For more information, please contact Michael Balnar at firstname.lastname@example.org