Dream Industrial REIT completes C$86 million equity offering

On November 21, 2017, Dream Industrial REIT (the "Trust") announced that it completed its previously announced equity offering of units at a price of C$8.75 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 9,890,000 units being issued for total gross proceeds of C$86,537,500.

The Trust intends to use the proceeds from the equity offering and two concurrent private placements, to Dream Office LP and PaulsCorp, LLC completed at the same time, to fund a previously announced acquisition of a portfolio of four industrial distribution properties in the U.S., fund the repayment upon maturity of its outstanding 6.75% convertible unsecured subordinated debentures due November 30, 2017 and for general trust purposes, including future acquisitions.

Dream Industrial REIT is an unincorporated, open-ended real estate investment trust that owns and operates a portfolio of 214 geographically diversified light industrial properties comprising approximately 17.0 million square feet of gross leasable area located primarily in key markets across Canada with a growing presence in the United States.

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