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Nexus REIT Announces $141 Million Bought Deal Treasury and Secondary Equity Offering to Fuel Its Transition to a Pure Play Industrial REIT and Provides Acquisition Pipeline Update

Globe Newswire - Mon Nov 15, 2021

/NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR DISSEMINATION IN THE UNITED STATES/

TORONTO and MONTREAL, Nov. 15, 2021 (GLOBE NEWSWIRE) -- Nexus Real Estate Investment Trust (TSX:NXR.UN) (“Nexus” or the “REIT”) announced today that it and the vendor of the Richmond, British Columbia asset that the REIT acquired on April 30, 2018 (“Selling Unitholder”) have entered into an agreement to sell to a syndicate of underwriters led by BMO Capital Markets and Desjardins Capital Markets (collectively, the “Underwriters”), on a bought deal basis, 11,000,000 units of the REIT (the “Units”) at a price of $12.85 per Unit (the “Offering Price”) for gross proceeds of approximately $141 million (the “Offering”).

Read more at globenewswire.com

Provided Content: Content provided by Globe Newswire. The Globe and Mail was not involved, and material was not reviewed prior to publication.

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