Crombie Real Estate Investment Trust announced that it entered into an agreement to issue $200 million aggregate principal amount of Series L Senior Unsecured Notes maturing March 29, 2030 (the "Series L Notes"). The Series L Notes will bear interest at a rate of 5.139% per annum. The Series L Notes were offered at a price of $999.95 per $1,000.00 principal amount.

The Series L Notes are being offered with a syndicate of agents, co-led by Scotia Capital Inc. and TD Securities Inc., and including BMO Nesbitt Burns Inc., CIBC World Markets Inc., National Bank Financial Inc., Desjardins Securities Inc., and RBC Dominion Securities Inc., to sell, on a best effort, private placement basis.