PRO Real Estate Investment Trust announced that Gordon G. Lawlor will succeed James W. Beckerleg as President and Chief Executive Officer of PROREIT and will join PROREIT's Board of Trustees, effective April 1, 2023, at which time Mr. Beckerleg will be named Vice Chair of the Board and Co-Founder, as part of PROREIT's CEO succession plan. Mr. Beckerleg has been President and Chief Executive Officer and a Trustee of PROREIT since 2013. PROREIT is also announced that Alison Schafer will be appointed as Secretary of PROREIT concurrently with these changes.

Gordon G. Lawlor co-founded PROREIT in 2013 and serves as Executive Vice President, Chief Financial Officer and Secretary of PROREIT. Prior to that, Mr. Lawlor was Executive Vice President, Chief Financial Officer and Secretary of CANMARC Real Estate Investment Trust, a publicly traded REIT, until its acquisition in 2012 for $1.9 billion. Previously, Mr. Lawlor held senior management positions for a large, private international real estate investmenct and management company, as well as in a publicly traded utility company.

Mr. Lawlor has a Bachelor of Science in Mathematics from Saint Mary's University (Halifax, Nova Scotia) and received his Chartered Professional Accountant designation in 1994. Alison Schafer was named Senior Vice President, Finance of PROREIT in April 2022. She has been part of the PROREIT team since its inception in 2013 and has held finance roles of increasing responsibility throughout her tenure.

Prior to joining PROREIT, Ms. Schafer was accounting director at a large publicly traded REIT, overseeing the accounting function for the REIT's entire portfolio. Previously, she spent over a decade with a prominent Montreal-based accounting firm. She has a Bachelor of Commerce and a Bachelor of Education from McGill University (Montreal, Quebec) and has held the Chartered Professional Accountant designation since 2003.