GO Residential REIT announces bought deal treasury offering

On March 16, 2026, GO Residential Real Estate Investment Trust (the “REIT”) announced that it entered into an agreement with a syndicate of underwriters led by CIBC Capital Markets and RBC Capital Markets, pursuant to which, the underwriters agreed to purchase, on a bought deal basis, an aggregate of 3,768,845 REIT units at a price of US$9.95 per unit for gross proceeds of approximately US$37.5 million.

Concurrent with the offering, its operating subsidiary, GO Residential Operating LLC ("OpCo"), entered into a contribution agreement with certain individuals who directly (or indirectly) subscribed for an aggregate of approximately 3,780,910 common units of OpCo at price of US$9.95 per unit for gross proceeds of approximately US$37.6 million.

Together, the offering and the concurrent private placement are expected to result in aggregate gross proceeds of approximately US$75.1 million.

The REIT has also granted the underwriters an over-allotment option to purchase up to 565,326 additional REIT units at the offering price, exercisable in whole or in part for a period of up to 30 days following the closing of the offering. If exercised in full, the total gross proceeds of the offering and the concurrent private placement would increase to approximately US$80.7 million.

Closing of the offering and private placement are expected to occur concurrently on or about March 23, 2026, subject to customary conditions, including receipt of approval of the TSX.

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

GO Residential Real Estate Investment Trust is an internally managed, open ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. It was formed to provide investors with an opportunity to invest in luxury high-rise multifamily properties located in the New York metropolitan area and other major metropolitan cities in the United States. The REIT currently owns and operates a portfolio of five LHRs consisting of 2,015 luxury suites located in the borough of Manhattan, New York.