RioCan Real Estate Investment Trust President and COO Raghunath Davloor is leaving the company to pursue other opportunities, effective July 31.

The company promoted Jonathan Gitlin to the COO role, with effect from Aug. 1. Gitlin is the company's senior vice president of investments and residential.

Gitlin joined the Canadian real estate investment trust in 2005 and became the head of the company's investment team in 2007. He is also leading the company's C$2 billion disposition program.