Employees of Busy Buyer GIC Help Redirect Food to Needy Families

Funviralpark 2 years ago 0 1

Working on acquisitions of leading real estate investment trusts in the US and Canada, the staff at Singapore’s Sovereign Wealth Fund GIC are giving back to the New York City community.

GIC, one of three companies investing money on behalf of the Singapore government, recently helped City Harvest by providing food bags for those who need it most. This non-profit organization collects food relief or surplus food and groceries from approximately 2,000 restaurants, retailers, and other donors and distributes it to approximately 400 soup kitchens and other community food programs. is focused on.

GIC’s Katie Conrad said earlier this month, “I had a lot of fun volunteering with 50 of my GIC colleagues in support of City Harvest’s ‘Repack and Give Back’ initiative,” in a LinkedIn post.

GIC has worked to increase its presence in North America. In November, it partnered with Centerbridge Partners to offer to acquire Indus Realty Trust. Also in November, GIC partnered with Toronto-based Dream Industrial REIT to offer to purchase Toronto’s Summit Industrial Income REIT.

And in September, GIC and Chicago-based Oak Street signed a $14 billion deal to acquire listed REIT Store Capital.

City Harvest rescues and delivers more than 200,000 pounds of food each day, according to its website. “Since its founding 40 years ago, the company has rescued and delivered over a billion pounds of food to feed food-insecure New Yorkers.

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