Mr. Max Kaufman reports

GO RESIDENTIAL REAL ESTATE INVESTMENT TRUST FILES FINAL PROSPECTUS FOR INITIAL PUBLIC OFFERING OF TRUST UNITS

GO Residential Real Estate Investment Trust has filed, and obtained a receipt for, a final long form prospectus for its initial public offering of trust units of the REIT with the securities regulatory authorities in each of the provinces and territories of Canada. The units will be issued at a price of $15 (U.S.) per unit for gross proceeds from the Offering of $410.1-million (U.S.).

The offering is being underwritten by a syndicate of underwriters led by CIBC Capital Markets and BMO Capital Markets as joint active bookrunners, and including BofA Securities, acting as passive bookrunner, RBC Capital Markets, National Bank Financial, Scotiabank, Desjardins Capital Markets, Canaccord Genuity Corp. and BTIG LLC. 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 4,101,000 units at the offering price, which, if exercised in full, would increase the total gross proceeds of the Offering to $471,615,000 (U.S.).

The REIT is a newly created, internally managed, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. The REIT has been formed to provide investors with an opportunity to invest in luxury high-rise multifamily properties (LHRs) located in the New York metropolitan area and other major metropolitan cities in the United States. The REIT will initially own and operate a portfolio of five LHRs consisting of 2,015 luxury suites located in the borough of Manhattan, N.Y. Upon closing of the offering, the REIT will be led by a team of seasoned industry leaders with diverse experience across the real estate sector in both the United States and Canada.

In connection with the offering, funds, accounts and/or investment vehicles managed by Cohen & Steers Capital Management Inc. have agreed to purchase six million units on a private placement basis at the offering price for gross proceeds of $90-million (U.S.) to the REIT. The cornerstone investor has also been granted the option to acquire up to an additional 900,000 units at the offering price in the event the overallotment option is exercised. CIBC Capital Markets and BMO Capital Markets are acting as agents on the cornerstone private placement.

The net proceeds of the offering and the cornerstone private placement, and an amount to be drawn on a revolving credit facility from an affiliate or CIBC, if necessary, will be used by the REIT finance the acquisition of the initial portfolio, including the repayment or partial repayment of debt, and the retirement of certain preferred interests, and to finance transaction costs associated with the acquisition of the initial portfolio and closing of the offering. The net proceeds of the overallotment option and cornerstone option, if exercised, will be used by the REIT to finance the repayment or partial repayment of debt, capital expenditure activities, future acquisitions, and general business purposes.

The REIT initially intends to make its first distribution on Sept. 15, 2025, for the period from closing of the offering to Aug. 31, 2025 in the amount of 5.325 U.S. cents per unit (assuming that closing occurs on July 31, 2025). The REIT intends to make subsequent monthly distributions in the estimated amount of 5.325 U.S. cents per unit thereafter, reflecting an expected initial annual cash distribution yield of 4.26 per cent.

The Toronto Stock Exchange has conditionally approved the listing of the units under the symbol GO.U. Listing of the units is subject to the REIT fulfilling all of the requirements of the TSX. The units are expected to begin trading on the TSX on an if, as and when issued basis, on July 25, 2025.

This offering is only being made to the public by prospectus. A prospectus containing important information relating to these securities has been filed with securities commissions or similar authorities in each of the provinces and territories of Canada. Investors should read the prospectus before making an investment decision.

The final prospectus contains important information relating to the REIT, the units and the offering. Copies of the final prospectus will be accessible on SEDAR+. An electronic or paper copy of the final prospectus may be obtained without charge from: CIBC World Markets Inc., attention: equity capital markets, by mail at 161 Bay St. (fifth floor), Toronto, Ont., M5J 2S8, by e-mail at Mailbox.CanadianProspectus@cibc.com or by phone at 416-594-7339; or BMO Nesbitt Burns Inc., by mail at Brampton Distribution Centre, care of The Data Group of Companies, 9195 Torbram Rd., Brampton, Ont., L6S 6H2, by e-mail at torbramwarehouse@datagroup.ca or by phone at 1-905-791-3151, extension 4312.

The offering is expected to close on July 31, 2025, subject to customary closing conditions and the receipt of all approvals, including regulatory approvals.

We seek Safe Harbor.