persons.ĭream Residential REIT is a newly created, unincorporated, open-ended real estate investment trust established and governed by the laws of the Province of Ontario. This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States or to, or for the account or benefit of, U.S. Securities Act and applicable state securities laws. Securities Act, as amended) except pursuant to certain exemptions from the registration requirements of the U.S. persons' (as defined in Regulation S under the U.S. Securities Act'), as amended, or any state securities laws, and may not be offered, sold or delivered, directly or indirectly, in the United States or to, or for the account or benefit of, 'U.S. The securities have not been and will not be registered under the United States Securities Act of 1933 (the 'U.S. No securities regulatory authority has either approved or disapproved the contents of this news release. The over-allotment option can be exercised for a period of 30 days from the closing date of the Offering. The REIT has granted to the Underwriters an over-allotment option to purchase up to an additional 1,443,000 Units at the Offering Price for additional gross proceeds to the REIT of US$18,759,000 if exercised in full. The Offering was underwritten by a syndicate of underwriters led by TD Securities Inc., together with Scotia Capital Inc., CIBC Capital Markets, RBC Dominion Securities Inc., National Bank Financial Inc., Canaccord Genuity Corp., Desjardins Capital Markets, Cormark Securities Inc., Echelon Wealth Partners Inc., iA Private Wealth Inc., Laurentian Bank Securities Inc. The net proceeds of the Offering were used by the REIT to fund the cash component of the acquisition of the Initial Portfolio and for general trust purposes.

In connection with the Offering, the REIT indirectly acquired an initial portfolio of 16 garden-style multi-residential properties (the 'Initial Portfolio'), consisting of 3,432 units primarily located in three markets across the Sunbelt and Midwest regions of the United States. The Units will begin trading on the Toronto Stock Exchange in U.S.

The Offering raised gross proceeds of US$125,060,000. TORONTO, /CNW/ - DREAM RESIDENTIAL REAL ESTATE INVESTMENT TRUST ('Dream Residential REIT' or the 'REIT') announced today that it has completed its initial public offering (the 'Offering') of 9,620,000 units of the REIT ('Units') at a price of US$13.00 per Unit (the 'Offering Price'). NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/ This press release contains forward-looking information that is based upon assumptions and is subject to risks and uncertainties as indicated in the cautionary note contained within this press release.

Dream Boy by Ann Reit