GO RESIDENTIAL REIT ANNOUNCES COMPLETION OF ACQUISITION OF 409 EASTERN PARKWAY AND JULY 2026 CASH DISTRIBUTION

TORONTO and NEW YORK, July 15, 2026 /CNW/ -- GO Residential Real Estate Investment Trust ("GO Residential REIT" or the "REIT") (TSX: GO.U) announced the closing of its previously announced indirect acquisition (the "Acquisition") of an approximately 81% managing interest in 409 Eastern Parkway, a luxury high-rise located in Brooklyn, New York ("409 Eastern Parkway"), further strengthening the REIT's track record of acquiring market-leading, luxury high-rise multifamily properties in New York City.

409 Eastern Parkway

409 Eastern Parkway is a premier, institutional-grade high-rise located in the vibrant Prospect Heights neighborhood of Brooklyn. Constructed in 2018, the building comprises 186 contemporary rental suites and three fully-leased ground-floor commercial units. The property offers a diverse suite mix of studios and one- and two-bedroom residences, and is currently approximately 98% leased. Residents benefit from a wide range of amenities, including a fitness center, rooftop terrace, landscaped courtyard, resident lounge, co-working space, library, children's playroom, pet spa, bike storage, additional storage units, and a subterranean parking garage. The property sits along Eastern Parkway, steps from Prospect Park, the Brooklyn Museum and the Brooklyn Botanic Garden.

Following completion of the Acquisition, the REIT's portfolio comprises 2,731 residential suites, a 7% increase from its reported suite count of 2,545 as of June 30, 2026. In addition, the Acquisition is expected to be immediately accretive to annualized AFFO Adjusted per Unit.

"We have continued to focus our attention on identifying growth opportunities that will provide meaningful increases to both AFFO Adjusted per Unit and NAV per Unit for our unitholders. We expect 409 Eastern Parkway in Brooklyn to provide immediate mid-single digit AFFO per Unit accretion and a corresponding increase in NAV per Unit. 409 Eastern Parkway complements our portfolio of distinctive amenity-rich luxury high-rise properties in New York City. Brooklyn is New York City's most populous borough with over 2.7 million residents, and as the borough continues to expand its commercial and residential presence, we expect it to provide us with additional opportunities for growth," said Joshua Gotlib, Chief Executive Officer of GO Residential REIT.

Distributions

The REIT adopted a monthly distribution policy targeting approximately 65% of estimated annual AFFO and pays a monthly distribution of $0.05325 per Unit, representing $0.639 per Unit on an annual basis.