Dream Industrial REIT completes C$259 million equity offering

On January 29, 2021, Dream Industrial REIT (the “Trust”) announced the closing of its previously announced equity offering of units at a price of C$12.80 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 20,240,000 units being issued for total gross proceeds of C$259,072,000.

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 of September 30, 2020, Dream Industrial REIT owns and operates a portfolio of 172 assets (266 industrial buildings) comprising approximately 26.6 million square feet of gross leasable area in key markets across North America and a growing presence in strong European industrial markets.