Mr. James Beckerleg reports

PROREIT ANNOUNCES SEPTEMBER 2017 DISTRIBUTION

Pro Real Estate Investment Trust has declared a cash distribution of 1.75 cents per trust unit of the REIT for the month of September, 2017, to be payable on Oct. 16, 2017, to unitholders of record as at Sept. 29, 2017.

Most unitholders can participate in Pro REIT's distribution reinvestment plan (DRIP). The DRIP provides unitholders with an opportunity to conveniently and economically increase their ownership in Pro REIT. Under the DRIP, distributions are automatically reinvested in additional units without the cost of any brokerage commissions or service fees. In addition, unitholders who elect to participate in the DRIP receive a further distribution of units equal in value to 3 per cent of each distribution that was reinvested by the unitholder. Additional deferred units will be credited to the holders thereof to reflect distributions paid on units.

To join the DRIP, beneficial unitholders who hold their units through a bank or other intermediary should direct that entity to take the necessary steps to register them in the DRIP. Unitholders who hold their units directly in registered form should complete the enrolment form and send it to the REIT's transfer agent by e-mail at TMXEInvestorServices@tmx.com or by mail to TMX Equity Transfer Services, 200 University Ave., Suite 300, Toronto, Ont., M5H 4H1 (attention: dividend reinvestment department).

The price for any units issued under the DRIP is calculated by reference to the weighted average of the closing price of the units on the TSX Venture Exchange for the five trading days immediately preceding the relevant date of distribution on which trades of the units were recorded.

Cash undistributed by Pro REIT upon the issuance of additional units under the DRIP will be retained by the REIT to be used for future property acquisitions, capital improvements and working capital. The DRIP is subject to certain limitations and restrictions, and interested parties are encouraged to review the full text of the DRIP.

About Pro Real Estate Investment Trust

Pro REIT is an unincorporated open-ended real estate investment trust established pursuant to a declaration of trust under the laws of the Province of Ontario. Pro REIT was established in March, 2013, to own a portfolio of diversified commercial real estate properties in Canada, with a focus on primary and secondary markets in Quebec, Atlantic Canada and Ontario, with selective expansion into Western Canada. The portfolio comprises 42 properties with approximately 2.3 million square feet of commercial gross leasable area.