Dream Industrial REIT completes C$144 million equity offering

On February 13, 2019, Dream Industrial REIT ("the Trust") announced the closing of its previously announced equity offering of units of the Trust at a price of $10.45 per unit. The syndicate of underwriters, led by TD Securities Inc., elected to exercise its over-allotment option in full, resulting in a total of 13,800,000 units being issued today for total gross proceeds of $144,210,000.

The Trust intends to use the net proceeds from the offering to partially fund the purchase price of a portfolio of 21 buildings located in five cities across the Midwest United States and for general Trust purposes. The balance of the purchase price will be funded from the Trust's working capital and drawings on the Trust's revolving credit facility.

Dream Industrial REIT is an unincorporated, open-ended real estate investment trust. Dream Industrial REIT owns and operates a portfolio of 223 geographically diversified light industrial properties comprising approximately 20.2 million square feet of gross leasable area located primarily in key markets across Canada with a growing presence in the United States.

Further information can be found on Globe Newswire's website.