Mr. Max Kaufman reports

GO RESIDENTIAL REAL ESTATE INVESTMENT TRUST ANNOUNCES CLOSING OF APPROXIMATELY US$75.1 MILLION EQUITY ISSUANCE THROUGH BOUGHT DEAL OFFERING AND CONCURRENT PRIVATE PLACEMENT

GO Residential Real Estate Investment Trust has completed its previously announced public offering of 3,768,845 trust units of the REIT on a bought deal basis at a price of $9.95 (U.S.) per REIT unit for total gross proceeds of approximately $37.5-million (U.S.). Concurrently with the closing of the offering, the REIT's operating subsidiary, GO Residential Operating LLC (OpCo), completed its previously announced private placement of approximately 3,780,910 common units of OpCo on a private placement basis at the offering price for total gross proceeds of approximately $37.6-million (U.S.). Together, the offering and the concurrent private placement resulted in aggregate gross proceeds of approximately $75.1-million (U.S.).

The offering was completed through a syndicate of underwriters co-led by CIBC Capital Markets and RBC Capital Markets. The REIT has granted to the underwriters an overallotment option, exercisable in whole or in part at any time for a period of 30 days following the closing of the offering, to purchase up to an additional 565,326 REIT units at the offering price, which, if exercised in full, would increase the total gross proceeds of the offering to approximately $43.1-million (U.S.).

The REIT intends to use the net proceeds from the offering and the concurrent private placement, together with a draw of approximately $19-million (U.S.) on the REIT's credit facility, to finance a portion of the approximately $439.6-million (U.S.) aggregate purchase price payable for the REIT's previously announced acquisitions of: (i) a 100-per-cent interest in the residential and retail units in seven Dey, located at 7 Dey St., New York, N.Y., 10007; and (ii) an approximately 81-per-cent managing interest in 409 Eastern Pkwy., Brooklyn, N.Y., 11216. The acquisitions are expected to close in the second quarter of 2026. In the event the REIT is unable to consummate one or both of the acquisitions, the REIT intends to use the net proceeds of the offering and concurrent private placement to finance future acquisitions and for general corporate purposes.

We seek Safe Harbor.