Pro Real Estate Investment Trust (TSX:PRV.UN) entered into a binding agreement to acquire Five Single-Tenant Light Industrial Buildings in Atlantic Canada for CAD 42.5 million on June 3, 2021. The purchase price will be substantially financed from the proceeds of a new CAD 29 million 5-year first mortgage. The balance of the purchase price will be satisfied with cash on hand and operating facilities of CAD 13.5 million available as a result of the recent CAD 50 million private placement of equity. The transaction is subject to customary conditions and is expected to close in the next few weeks. The transaction is expected to be accretive for Pro Real Estate. On June 28, 2021, PROREIT closed its previously announced acquisition of a 100% interest in five single-tenant light industrial properties located in four of Atlantic Canada's major cities, for an aggregate purchase price of CAD 42.5 million before closing costs. Pro Real Estate Investment Trust (TSX:PRV.UN) acquired Five Single-Tenant Light Industrial Buildings in Atlantic Canada for CAD 42.5 million on June 28, 2021. Pro Real Estate Investment Trust (TSX:PRV.UN) completed the acquisition of Five Single-Tenant Light Industrial Buildings in Atlantic Canada on June 28, 2021.