Automotive Properties REIT Completes $7 Million Over-Allotment Option and Additional Subscription Option Exercises

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[{"type":"text","content":"\n\n\nAutomotive Properties REIT Completes $7 Million Over-Allotment Option and Additional Subscription Option Exercises\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\nCanada NewsWire\n\n\n/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/\nTORONTO, Oct. 28, 2025 /CNW/ - Automotive Properties Real Estate Investment Trust (TSX: APR.UN) (the \"REIT\") announced today that it has completed the sale of an additional 428,200 units at a price of $11.11 per unit to the syndicate of underwriters (the \"Underwriters\"), for gross proceeds of approximately $4.8 million, pursuant to the partial exercise by the Underwriters of the over-allotment option granted to them by the REIT (the \"Over-Allotment Option\") in connection with the REIT's previously announced bought deal public offering that closed on October 23, 2025 (the \"Public Offering\").\nIn addition, the REIT has completed the sale of 201,247 units to a member of the Dilawri Group (\"Dilawri\"), on a private placement basis, at a price of $11.11 per unit, for gross proceeds of approximately $2.2 million, pursuant to the exercise by Dilawri of an option granted to it by the REIT (the \"Additional Subscription Option\") in connection with the previously announced concurrent private placement of units to Dilawri that closed on October 23, 2025 (the \"Concurrent Private Placement\" and, together with the Public Offering, the \"Offering\"). Units sold pursuant to the exercise of the Additional Subscription Option will be subject to a statutory hold period of four months plus one day from the date of issuance.\nThe closing of the Over-Allotment Option and the Additional Subscription Option has increased the total gross proceeds of the Offering to approximately $57 million. The REIT intends to use the net proceeds from the Offering to repay indebtedness under its credit facilities, including the debt incurred to fund the cash portion of the previously announced acquisition of three automotive dealership properties in Dorval, Québec, and the balanc...

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