From the Wires
Greenscape Strengthens US Real Estate Market Focus With Board Addition
By: Marketwired .
Nov. 14, 2012 02:05 PM
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 11/14/12 -- Greenscape Capital Group Inc. (TSX VENTURE:GRN) -
-- Robert Emri joins the Board of Directors -- Canopy Airport Parking facility's October physical car counts 23% higher year over year
Greenscape Capital Group Inc. ("Greenscape") (TSX VENTURE:GRN) - is pleased to announce the addition of Robert Emri to the Board of Directors.
Mr. Emri is currently the President of Emri Group, a Vancouver based real estate investment firm founded in 2005. Prior to starting Emri Group, he was a partner at Professors Capital, a San Diego based real estate firm. His professional responsibilities over the past 20 years have included acquisitions, asset management, financing and development. Mr. Emri has been involved in real estate investments including office, industrial, retail, multi-family and land assets in California, Arizona, British Columbia, and Colorado.
Mr. Emri states: "It is great to join the Greenscape Capital team to assist with the company's focus on US real estate. I believe that the US national real estate market is past its cyclical low. Certain real estate asset classes on the West Coast will offer attractive opportunities over the next few years."
Greenscape is also pleased to report that Canopy Airport Parking Facility's occupancy has continued to improve through 2012. Physical car count numbers were up 23% compared to last October.
Additionally, Mr. Christopher Bennett has stepped down from the Board to become an advisor to the Company. The Company wishes to thank him for his time as a Board Member and is looking forward to working with him in his advisory position.
Greenscape Capital Group is headquartered in Vancouver, British Columbia. The company's core asset is the Canopy Airport Parking Facility, a 4,200 space state-of-the-art parking structure servicing the Denver International Airport. Canopy is known as North America's Greenest Parking Facility, is certified as a Demonstrator Site for the Green Parking Council and operates 75% more energy efficiently than competing parking facilities, thereby increasing the company's bottom line. Greenscape seeks to maximize shareholder value by exploring new opportunities and growth in the US real estate market. For more information visit www.greenscapecapital.com.
ON BEHALF OF THE BOARD
Rick Baxter, President and CEO
Disclaimer for Forward-Looking Information
Certain statements in this release are forward-looking statements. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. In particular, no assurance can be given that occupancy rates at the Canopy Parking Facility will continue to increase and outperform previously forecasted numbers.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
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