Mr. Scott Frederiksen reports

WPT INDUSTRIAL REIT ANNOUNCES COMPLETION OF ITS PREVIOUSLY ANNOUNCED PUBLIC OFFERING OF TRUST UNITS

WPT Industrial Real Estate Investment Trust has completed its previously announced public offering of trust units of the REIT with a syndicate of underwriters, co-led by RBC Capital Markets and CIBC, on a bought deal basis. A total of 4,312,500 units (including units issued pursuant to the exercise in full of the overallotment option granted to the underwriters by the REIT) were issued at a price of $10.80 (U.S.) per unit for total gross proceeds of $46,575,000 (U.S.). The REIT intends to use approximately $37-million (U.S.) of the net proceeds from the offering, after payment of expenses of the offering, to finance a portion of its previously announced acquisition of a portfolio of six industrial properties in Memphis, Tenn., representing approximately 2.3 million square feet of gross leasable area for a purchase price of approximately $86.25-million (U.S.) (exclusive of closing costs and the acquisition fee). The acquisition is expected to close on or about Feb. 20, 2015. In the event that the acquisition is not completed, the net proceeds of the offering will be used by the REIT to finance future acquisitions, for repayment of indebtedness and for general trust purposes.

The units under the offering were offered in Canada pursuant to a short form prospectus filed with the securities commissions and other similar regulatory authorities in each of the provinces and territories of Canada, pursuant to National Instrument 44-101 -- Short Form Prospectus Distributions. A copy of the short form prospectus is available under the REIT's profile on SEDAR.

We seek Safe Harbor.