Dream Industrial REIT completes C$288 million equity offering

On October 22, 2021, Dream Industrial REIT (the “Trust”) announced its completed equity offering of units at a price of C$16.50 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 17,434,000 units being issued for total gross proceeds of approximately C$288 million.

The Trust intends to use the net proceeds from the offering, together with cash on hand: (i) to fund the closing of the aforementioned acquisitions and (ii) for general trust purposes.

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

Dream Industrial REIT is an unincorporated, open-ended real estate investment trust. As at June 30, 2021, Dream Industrial REIT owns and operates a global portfolio comprising approximately 39 million square feet of gross leasable area in key markets across North America and Europe.