Choice Properties Real Estate Investment Trust announced that it has completed its previously announced issuance, on a private placement basis in certain Provinces of Canada, of $350 million aggregate principal amount of series Q senior unsecured debentures of the Trust bearing interest at a rate of 2.456% per annum and maturing on November 30, 2026. The Debentures were issued as green bonds pursuant to the Trust?s Green Financing Framework (the ?Framework?), which Sustainalytics, a global leader in providing ESG research and analysis, reviewed and confirmed as being aligned with the International Capital Markets Association?s Green Bond Principles 2021 and the Loan Market Association Green Loan Principles 2021. The Trust intends to allocate the net proceeds of the Offering to fund the financing and/or refinancing of eligible green projects as described in the Framework. Prior to the allocation of the net proceeds of the Offering to Eligible Green Projects, the Trust intends to use the net proceeds of the Offering to repay existing indebtedness, including (i) the previously announced early redemption of the Trust?s $300 million principal amount of 3.01% series I senior unsecured debentures on December 10, 2021, and (ii) to repay all or a portion of the balance drawn on the Trust?s credit facility. DBRS Morningstar has provided the Debentures with a credit rating of ?BBB? (high)with a ?stable?trend and S&P Global Ratings has provided the Debentures with a credit rating of ?BBB?. The Debentures rank equally with all other unsecured indebtedness of the Trust that has not been subordinated. The Debentures were sold on an agency basis by a syndicate of agents co-led by CIBC Capital Markets, RBC Capital Markets, TD Securities, BMO Capital Markets and Scotiabank. The Debentures offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the Debentures in any jurisdiction in which such offer, solicitation or sale would be unlawful.