Dream Industrial REIT completes C$201 million equity offering

On April 26, 2021, Dream Industrial REIT (the “Trust”) announced the completion of its equity offering of units at a price of C$13.55 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 14,858,000 units being issued for total gross proceeds of C$201,325,900.

The Trust intends to use the net proceeds from the offering, together with cash on hand: (i) to fund acquisition and development opportunities, (ii) to repay indebtedness, and (iii) for general trust purposes.

Further information can be found on Business Wire’s website.

Dream Industrial REIT is an unincorporated, open-ended real estate investment trust. As at March 31, 2021, the Trust owns and operates a portfolio of 186 assets (280 industrial buildings) comprising approximately 28.9 million square feet of gross leasable area in key markets across North America and a growing presence in strong European industrial markets.