Allied Properties Real Estate Investment Trust announced that it has launched an offering of $600 million aggregate principal amount of series H senior unsecured debentures (the “Debentures”). The Debentures are being offered on an agency basis by a syndicate of agents led by Scotia Capital Inc., BMO Nesbitt Burns Inc. and CIBC World Markets Inc. Allied intends to provide further details of the offering, including pricing information, when available. Allied intends to allocate the net proceeds of the offering to fund the financing and/or refinancing of eligible green projects (“Eligible Green Projects”) as described in the Allied Green Financing Framework (the “Framework”). Prior to allocation of the net proceeds of the offering to Eligible Green Projects, Allied intends to use the net proceeds of the offering (a) to redeem in full the $150 million aggregate principal amount of 3.934% series B senior unsecured debentures due November 14, 2022 (the “Series B Debentures”), (b) to repay a first mortgage in the amount of $150 million secured by 700 de la Gauchetière West, Montréal, (c) to repay certain amounts drawn on Allied’s unsecured credit facility, and (d) for general trust purposes. The net proceeds will ultimately be allocated to Eligible Green Projects in accordance with the Framework.