RioCan Real Estate Investment Trust appoints Dennis Blasutti as new Chief Financial Officer

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TORONTO, July 22, 2021 (GLOBE NEWSWIRE) – RioCan Real Estate Investment Trust (“RioCan”) (TSX: REI.UN) today announced the appointment of Dennis Blasutti as CFO of RioCan effective September 7, 2021.

Mr. Blasutti joined RioCan from Brookfield Asset Management, where he most recently served as Managing Director of Infrastructure and CFO for Enwave Energy District Energy Division in Brookfield, during a period of sustained organic growth and capital investment. During his time at Brookfield, Mr. Blasutti also gradually took up leadership positions in the corporate finance and infrastructure teams. Prior to that, he held senior financial management positions in the mining industry and began his career in the auditing practice of KPMG. Throughout his career, Mr. Blasutti has led various finance departments at both the corporate and operational levels, with experience including corporate finance and treasury; financial statements of public companies; investor relations; financial and strategic planning; estimates; supply chain management; and information technology.

“I am delighted to welcome Dennis to the RioCan executive team. His extensive financial knowledge and related experience, as well as his experience in sustainable technologies, will be important assets for RioCan, ”said Jonathan Gitlin, President and CEO of RioCan. “Dennis’ strong financial and leadership skills will serve us well as we continue to responsibly build on the strengths of our well-positioned portfolio and unleash the value of our rich portfolio to drive growth and create long-term value.”

Mr. Blasutti holds a BA (Hons) in Economics and Accounting from Wilfred Laurier University and is a Certified Professional Accountant.

About RioCan
RioCan is one of the largest Canadian real estate investment funds. RioCan owns, operates and develops retail-focused mixed-use properties located in high-density, high-traffic areas where Canadians want to shop, live and work. As of March 31, 2021, our portfolio includes 223 properties with a combined net leasable area of ​​approximately 38.0 million square feet (for the benefit of RioCan), including office space, residential properties and 15 development properties. As of March 31, 2021, the RioCan project is estimated at 41.8 million square feet, of which 14.1 million square feet have already been allocated, mainly for the construction of mixed-use complexes. To learn more about us, visit www.riocan.com.

CONTACT: Contact Information RioCan Real Estate Investment Trust Jonathan Gitlin President and Chief Executive Officer 416-866-3033 | www.riocan.com



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