PRO Real Estate Investment Trust announced that it has entered into a binding purchase agreement for a 100% interest in five single-tenant light industrial buildings in Atlantic Canada totaling 430,000 square feet of gross leasable area ("GLA") for an aggregate purchase price of $42.5 million before closing costs and representing a going in capitalization rate of approximately 6.3% ($99 per square foot) (the "Atlantic Canada Properties"). In addition, PROREIT has announced the completion of its previously announced acquisition of a small bay industrial building in Winnipeg, Manitoba, comprising 38,000 square feet of GLA for a purchase price of $5.2 million before closing costs and representing a going in capitalization rate of approximately 6.3% ($138 per square foot). PROREIT also announced the completion of a $4.5 million ($55 per square foot) acquisition of an institutional quality 82,000 square feet light industrial building in Moncton, New Brunswick for redevelopment.