Mr. Michael Zakuta reports

PLAZA RETAIL REIT ANNOUNCES APPOINTMENT OF CHIEF OPERATING OFFICER

Plaza Retail REIT has appointed Jason Parravano as chief operating officer of the REIT, effective Jan. 8, 2024.

"On behalf of the board and the entire team, we are pleased to welcome Jason Parravano as COO," said Michael Zakuta, Plaza's president and chief executive officer. "His leadership skills, experience in commercial real estate and in the financial industry make Jason a great fit for this role. We look forward to working with him in continuing to advance the REIT's strategic objectives and driving growth for many years to come."

Prior to joining the Walter Group as chief financial officer of the asset management business activities, Mr. Parravano spent eight years at Canadian Net Real Estate Investment Trust, where he was president and chief executive officer and had complete oversight of day-to-day management of the trust and execution of its strategy. He is a graduate of Concordia University's John Molson School of Business and holds a chartered professional accountant (CPA) designation.

About Plaza Retail REIT

Plaza is an open-ended real estate investment trust and is a leading retail property owner and developer, focused on Ontario, Quebec and Atlantic Canada. Plaza's portfolio at Sept. 30, 2023, included interests in 233 properties totalling approximately 8.9 million square feet across Canada and additional lands held for development. Plaza's portfolio largely consists of open-air centres and stand-alone small box retail outlets predominantly occupied by national tenants.

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