Expansion In Line With Industrial Sector Focus

PROREIT Announces Acquisition of Montreal-Area Light-Industrial Building

Expansion in Line with Industrial Sector Focus

PROREIT, a REIT focused on industrial properties in secondary markets, has agreed to purchase a Montreal-area light-industrial building for $32.6 million.

The acquisition is in line with PROREIT's strategy over the past couple of years to increase its exposure to the industrial sector.

Key Points:

• PROREIT acquires Montreal-area light-industrial building for $32.6 million.
• Acquisition aligns with PROREIT's strategy to increase exposure to industrial sector.
• PROREIT is pleased with the accretive acquisition.