Mr. Greg Vorwaller reports

AIP REALTY TRUST ANNOUNCES VOTING RESULTS OF ANNUAL GENERAL AND SPECIAL MEETING OF UNITHOLDERS

AIP Realty Trust has released the results of voting at its annual general and special meeting of unitholders held on Friday, June 26, 2026, at the offices of Cassels Brock & Blackwell LLP, Suite 3100, Park Place, 666 Burrard St., Vancouver, B.C., V6C 2X8. A total of 40.35 per cent of the issued and outstanding Class A trust units of the trust and 23.68 per cent of the issued and outstanding preferred units -- Series B convertible of the trust were represented in person or by proxy at the meeting, and each of the resolutions put forward by the trustees of the trust were approved.

Greg Vorwaller, Leslie Wulf, Bruce Hall, Nathan Smith, Kobi Dorenbush and Samantha Adams were elected as trustees of the trust to hold office until the next annual meeting of unitholders.

MNP LLP was reappointed as the auditor of the trust for the ensuing year at the remuneration to be fixed by the trustees.

The unit option plan of the trust was reapproved by 98.04 per cent of the votes of Class A units and 100 per cent of the votes of preferred units. The option plan is designed to advance the interests of the trust by encouraging its trustees, officers, employees and consultants to acquire units of the trust, thereby increasing their proprietary interest in the trust, encouraging them to remain associated with the trust and furnishing them with additional incentive in their efforts on behalf of the trust in the conduct of its affairs.

Each of the matters voted upon at the meeting are described in greater detail in the management information circular of the trust dated May 26, 2026, which is available at the trust's SEDAR+ profile.

About AIP Realty Trust

AIP Realty is a real estate investment trust with a growing portfolio of AllTrades branded serviced industrial business suites light industrial flex facilities focused on small businesses and the trades and services sectors in the United States. These properties appeal to a diverse range of small-space users, such as contractors, skilled trades, suppliers, repair services, last-mile providers, small businesses, and assembly and distribution firms. They typically offer attractive fundamentals, including low tenant turnover, stable cash flow and low capex intensity, as well as significant growth opportunities. With an initial focus on the Dallas-Fort Worth market, AIP Realty plans to roll out this innovative property offering nationally. AIP Realty holds the exclusive rights to finance the development of and to purchase all the completed and leased properties built across North America by its development and property management partner, AllTrades Industrial Properties Inc.

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