Industrial property

BTB REIT Announces Acquisition of Industrial Property in Edmonton, Alberta

MONTREAL, June 29, 2022 /CNW Telbec/ – BTB Real Estate Investment Trust (TSX: BTB.UN) (“BTB“or the”REITs“) announces the acquisition of an industrial building located at 3905, avenue Allard in Edmonton, AB for full consideration of $12.95Mexcluding transaction costs and adjustments.

Photograph of 3905 Allard Avenue in Edmonton, Alberta. BTB Reit’s most recent acquisition. (CNW Group/BTB Real Estate Investment Trust)

About the Acquisition

Built in 2011, the property is a 51,747 square foot industrial property that is fully leased to HE Parts International, a subsidiary of Hitachi Construction Machinery, a public company listed on the Japanese Stock Exchange. HE Parts’ mission is to provide customers with the highest quality replacement parts, components and services that improve performance, extend life and reduce costs.

About BTB

BTB is a real estate investment trust listed on the Toronto Stock Exchange. BTB is an active property owner in Canada and in view of these transactions, it holds 75 propertiesrepresenting a total leasable area of ​​approximately 5.8M square feet and a total asset value that exceeds $1.18 billion.

BTB offers unitholders a distribution reinvestment plan under which participants may elect to have their monthly cash distribution reinvested in additional units of BTB at a price based on the weighted average price of BTB’s units on the Toronto Stock Exchange for the five trading days immediately preceding the distribution date, discounted by 3%. For more details, visit the BTB website at www.btbreit.com.

BTB Acquisition and Operating Trust Logo (CNW Group/BTB Real Estate Investment Trust)

BTB Acquisition and Operating Trust Logo (CNW Group/BTB Real Estate Investment Trust)

SOURCE BTB Real Estate Investment Trust

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