BTB Real Estate Investment Trust (TSX:BTB.UN) acquired Two modern Class A office properties located at 979 and 1031 Bank Street in Ottawa, Ontario for $38.1 million on January 7, 2022. The transaction excludes transaction costs and increase BTB's total leasable area by 116,226 square feet. The REIT financed the acquisition by securing a first mortgage on the Properties for $24.8 million, with the balance satisfied with cash on hand and drawing on the existing acquisition credit facility.

BTB Real Estate Investment Trust (TSX:BTB.UN) completed the acquisition of Two modern Class A office properties located at 979 and 1031 Bank Street in Ottawa, Ontario on January 7, 2022.