In This Article:
CALGARY, AB, Oct. 25, 2024 /CNW/ - Genesis Land Development Corp. (TSX: GDC) ("Genesis") is pleased to announce the appointment of Travis McArthur, JD as Senior Vice President & General Counsel effective November 1, 2024.
Reporting to Iain Stewart, CEO, Mr. McArthur will join the company's executive leadership team responsible for all legal matters and play an important role in land acquisition, land development, financings, land sales and homebuilding operations.
Mr. McArthur brings extensive legal and real estate expertise to Genesis. With over 12 years of private practice experience acting for developers, homebuilders, financial institutions, surety companies, and private lenders, he will be a great addition to the team.
"Genesis has more than doubled its asset base over the last three years. Mr. McArthur brings important skillsets and leadership needed to continue Genesis' growth. I am very excited to have Travis join our team and am looking forward to his contributions to Genesis" commented Mr. Stewart.
About Genesis
Genesis is an integrated land developer and residential home builder operating in the Calgary Metropolitan Area ("CMA") holding a portfolio of well-located, entitled and unentitled primarily residential lands and serviced lots in the CMA.
Cautionary Statement Regarding Forward Looking Information
This news release contains certain statements which constitute forward-looking statements or information ("forward-looking statements") within the meaning of applicable securities legislation, including Canadian Securities Administrators' National Instrument 51-102 'Continuous Disclosure Obligations', concerning the business and operations of Genesis. Forward-looking statements in this news release include, but are not limited to, matters relating to future growth. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "scheduled", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved".
Forward-looking statements are based on material factors or assumptions made by us with respect to, among other things, opportunities that may or may not be pursued by us; changes in the real estate industry; fluctuations in the Canadian and Alberta economy; changes in the number of lots sold and homes delivered per year; and changes in laws or regulations or the interpretation or application of those laws and regulations. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control.