Choice Properties (TSX: CHP.UN) is the largest real estate investment trust in Canada by GLA. The REIT was founded in 2013 when Loblaw Companies Ltd., Canada's largest grocer, decided to spin off its real estate portfolio. Loblaw retains a significant interest in Choice, who had the largest IPO on the Toronto Stock Exchange in 2013. Choice invests primarily in grocery-anchored retail properties, with Loblaw tenants responsible for over half their retail gross rental revenue. No other tenant is responsible for more than 2% of gross retail rent revenue, with other notable tenants including Canadian Tire and TJX Companies. Loblaw also makes up over 25% of gross rental revenue in their industrial properties. Other key industrial tenants include Amazon and Canada Cartage. Over 75% of their properties are retail shopping centers, almost 20% are industrial properties, and over the last decade the company has begun to invest in mixed-use retail/residential developments via joint ventures.