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PROREIT COMPLETES SALE OF TWO NON-CORE PROPERTIES FOR GROSS PROCEEDS OF $20.7 MILLION

Newswire.ca - Thu Feb 15, 6:02AM CST

MONTREAL, Feb. 15, 2024 /CNW/ - PRO Real Estate Investment Trust ("PROREIT" or the "REIT") (TSX: PRV.UN) today announced that it has completed the sale of two non-core properties totalling approximately 124,000 square feet of gross leasable area ("GLA") for total gross proceeds of $20.7 million, excluding closing costs. Proceeds of the sale were used to repay approximately $16.0 million in related mortgages, with the balance used for general business purposes.

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