Continued Growth In Industrial Sector

PROREIT Acquires Montreal Light-Industrial Building for $32.6 Million

Continued Growth in Industrial Sector

PRO Real Estate Investment Trust (PROREIT), a REIT focused on industrial properties in secondary markets, has announced the acquisition of a Montreal-area light-industrial building for $32.6 million.

Bolstered Industrial Exposure

This acquisition aligns with PROREIT's strategy to increase its portfolio's exposure to the industrial sector. The company believes that this sector offers strong growth potential due to the increasing demand for industrial space driven by e-commerce, logistics, and manufacturing.

Moncton Acquisition

In addition to the Montreal acquisition, PROREIT recently completed the purchase of an 82,000-square-foot light-industrial building in Moncton, New Brunswick, for redevelopment. These acquisitions further expand PROREIT's presence in key industrial markets.

Company Performance

PROREIT maintains a strong financial position with positive net asset values and performance. The company's holding sectors have shown consistent weighting changes, reflecting its strategic focus on the industrial sector.

Sources:

• PRO Real Estate Investment Trust Acquires a Light-Industrial Property in the Greater Montreal Area for $32.6 Million
• PROREIT