Proreit Completes Acquisition Of Four Industrial Properties For $21.7 Million
PRO Real Estate Investment Trust (TSX: PRV.UN) ("PROREIT") today announced the completion of its previously announced acquisition of a...
PRO Real Estate Investment Trust (TSX: PRV.UN) (“PROREIT”) today announced the completion of its previously announced acquisition of a 100% interest in four industrial properties totaling 164,872 square feet of gross leasable area (“GLA”) located in Winnipeg, Manitoba, for an aggregate purchase price of $21.7 million (excluding closing costs).
The acquisition was funded through a new eight-year fixed-rate mortgage financing of approximately $14.1 million bearing interest at 4.95%, and approximately $7.6 million of cash on hand from the net proceeds of PROREIT’s equity financing completed on June 10, 2026.
Inclusive of this acquisition, PROREIT’s portfolio is now comprised of 126 income-producing properties representing approximately 7.4 million square feet of GLA, with the industrial sector representing approximately 93.5% of GLA and 92.1% of annualized base rent.
About PRO Real Estate Investment Trust
Founded in 2013, PROREIT (TSX: PRV.UN) is a Canadian industrial real estate investment trust that owns and operates a portfolio of high-quality properties. With a presence in strong primary and secondary Canadian markets, PROREIT is committed to delivering stable cash flow, disciplined growth and long-term value for its unitholders.
For more information on PROREIT, please visit PROREIT’s website at: https://proreit.com.
Source : PROREIT
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