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PROREIT COMPLETES SALE OF THREE NON-CORE PROPERTIES AND PROVIDES BUSINESS UPDATE

Newswire.ca - Thu Dec 28, 2023

MONTREAL, Dec. 28, 2023 /CNW/ - PRO Real Estate Investment Trust ("PROREIT" or the "REIT") (TSX: PRV.UN) today announced that it has completed the sale of three non-core retail properties totalling approximately 68,000 square feet of gross leasable area ("GLA") for total gross proceeds of $13.2 million, excluding closing costs. Proceeds of the sale were used to repay approximately $4.4 million in related mortgages, with the balance used for general business purposes.

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