“The result of the sale, demonstrates the success of Triumph’s strategy, purchasing multi-tenant income producing properties and increase value by increasing rents, lease vacancies and replace tenants with stronger tenants. “We are very pleased with yet another sale for Triumph investors.” said David Wallach, President and Founder of Triumph. The property, which was 100% leased at the time of the sale, has several outstanding tenants, including T-Mobile, Jersey Mike’s & Western Dental.

Triumph Glendale Crossing, a 10,466 square foot shopping centre located in Glendale, Arizona, was purchased by Triumph in January 2017 for $3,025,000 USD. The sale is part of Triumph’s strategy to focus on acquiring and capitalizing on multi-tenant value-add properties in major markets. PHOENIX, AZ (November 10, 2021) - Triumph Real Estate Investment Fund I (Triumph), a Canadian investment fund based in Calgary, Alberta is pleased to announce the sale of its wholly owned Metro Phoenix shopping centre “Triumph Glendale Crossing” for gross sale proceeds of $4,100,000 USD in October 2021. LevRose Commercial Real Estate/TCN Worldwide facilitates the sale of Glendale Crossing Shopping Centre for $4,100,000 from seller Triumph Real Estate Investment Fund I

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