PROREIT COMPLETES ACQUISITION OF 17 INDUSTRIAL PROPERTIES FOR COMBINED PURCHASE PRICE OF $136.8 MILLION

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PROREIT COMPLETES ACQUISITION OF 17 INDUSTRIAL PROPERTIES FOR COMBINED PURCHASE PRICE OF $136.8 MILLION /* Style Definitions */ span.prnews_span { font-size:8pt; font-family:"Arial"; color:black; } a.prnews_a { color:blue; } li.prnews_li { font-size:8pt; font-family:"Arial"; color:black; } p.prnews_p { font-size:0.62em; font-family:"Arial"; color:black; margin:0in; } .prngen3{ PADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; VERTICAL-ALIGN: BOTTOM; TEXT-ALIGN: RIGHT; BORDER-TOP:black 1pt; BORDER-RIGHT:black 1pt; BORDER-BOTTOM:black 1pt; BORDER-LEFT:black 1pt } .prngen4{ PADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; VERTICAL-ALIGN: BOTTOM; TEXT-ALIGN: RIGHT; BORDER-TOP:black 0.5pt solid; BORDER-RIGHT:black 1pt; BORDER-BOTTOM:black 0.5pt solid; BORDER-LEFT:black 1pt } .prngen2{ PADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; VERTICAL-ALIGN: BOTTOM; BORDER-TOP:black 1pt; BORDER-RIGHT:black 1pt; BORDER-BOTTOM:black 1pt; BORDER-LEFT:black 1pt } .prnml4{ MARGIN-TOP:0em; MARGIN-RIGHT:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT } .prnbcc{ BORDER-COLLAPSE: COLLAPSE } Canada NewsWire Acquisition of two institutional-quality industrial portfolios comprising 17 properties (13 in Québec City and 4 in Winnipeg) totaling 771,159 square feet of gross leasable area ("GLA") for an aggregate purchase price of $136.8 millionEntered into a binding agreement to acquire four additional industrial properties in Winnipeg totaling approximately 165,000 square feet of GLA for a purchase price of $21.7 millionMONTRÉAL, July 2, 2026 /CNW/ - PRO Real Estate Investment Trust (TSX: PRV.UN) ("PROREIT") today announced the completion of its previously announced acquisition of a 100% interest in two industrial portfolios located in Québec City, Québec and Winnipeg, Manitoba (collectively, the "Acquisitions"), for an aggregate purchase price of approximately $136.8 million (excluding closing costs). The Québec portfolio comprises 13 industrial properties located in Québec City, totaling 611,924 square feet of GLA, and was acquired for $112.8 million (excluding closing costs). The Winnipeg portfolio comprises four industrial properties totaling 159,235 square feet of GLA and was acquired for $24.0 million (excluding closing costs). The Acquisitions are expected to be accretive to 2026 AFFO per unit* on a leverage neutral basis. PROREIT also entered into a ...

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