A 360,000 square foot modern logistics facility located in the Tilburg Region, one of the top logistics nodes in the Netherlands, for a purchase price of €37 million ($55 million).With a high-quality $5 billion global industrial portfolio and an investment grade balance sheet with access to financing at attractive rates, we are well-positioned to continue to create long term sustainable value for our unitholders.” We are poised to complete over $3 billion of acquisitions since we announced our European expansion at the beginning of 2020, significantly enhancing our portfolio quality, diversification, growth potential, and balance sheet flexibility.

“Our on-the-ground local acquisition teams allow us to consistently access a deep pool of investment opportunities, through both marketed and off-market deals at attractive economics to the REIT. These acquisitions are consistent with our strategy of adding high-quality logistics assets in markets with significant barriers to entry that offer strong organic growth potential over the long term,” said Brian Pauls, Chief Executive Officer of Dream Industrial REIT. “Our acquisition pipeline remains robust, and we have completed or secured over $700 million of acquisitions in addition to approximately $100 million of acquisitions announced along with our Q2-2021 results.

The Trust is also in exclusive negotiations on seven assets totalling approximately 2.6 million square feet for a total purchase price of approximately $420 million.

Waived all conditions on four assets totalling approximately 1.1 million square feet for a total purchase price of over $209 million, equating to a weighted average cap rate of approximately 4.6%.

Completed the acquisition of seven assets totalling approximately 1.4 million square feet for a total purchase price of over $202 million, equating to a weighted average capitalization rate (“cap rate”) of approximately 4.7%.

Below, the Trust has provided an update on its acquisition activity since Q2-2021. The Trust continues to execute on its strategy to grow and upgrade portfolio quality in its target markets.

13, 2021 (GLOBE NEWSWIRE) - Dream Industrial REIT (DIR.UN-TSX) or (the “Trust” or the “REIT” or “we”) today announced the launch of a $250 million equity offering and an update on its robust pace of capital deployment. 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. This press release constitutes a “designated news release” for the purposes of Dream Industrial REIT’s prospectus supplement dated Februto its short form base shelf prospectus dated October 11, 2019 NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES

Dream Boy by Ann Reit