DREAM RESIDENTIAL REAL ESTATE INVESTMENT TRUST FILES PRELIMINARY PROSPECTUS FOR INITIAL PUBLIC OFFERING OF UNITS

This press release contains forward-looking information that is based on assumptions and subject to risks and uncertainties, as noted in the cautionary statement contained in this press release.

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TORONTO, April 5, 2022 /CNW/ – DREAM RESIDENTIAL REAL ESTATE INVESTMENT TRUST (“Dream Residential REIT” or the “REIT”) announced today that it has filed and obtained a receipt for a preliminary long form prospectus with the securities authorities in each of the provinces of Canada in connection with the proposed initial public offering (the “Offering”) of units of the REIT (“Units”). The placement is underwritten by a syndicate of underwriters led by TD Securities Inc., together with Scotia Capital Inc., CIBC World Markets Inc., RBC Dominion Securities Inc., National Bank Financial Inc., Corp. Canaccord Genuity, Desjardins Capital Markets, Cormark Securities Inc., Echelon Wealth Partners Inc., iA Private Management Inc., Laurentian Bank Securities Inc. and Raymond James Ltd.

The REIT has applied to have its Units listed on the Toronto Stock Exchange (the “TSX”) under the symbol “DRR.U”. Listing is subject to the approval of the TSX in accordance with its original listing requirements. The TSX has not conditionally approved the REIT’s listing application and there can be no assurance that the TSX will approve the listing application. Completion of the Offer is subject to receipt of customary approvals, including regulatory approvals.

The preliminary simplified prospectus still needs to be supplemented or amended. Copies of the preliminary long form prospectus will be available on SEDAR at www.sedar.com. This press release does not constitute an offer to sell or the solicitation of an offer to buy, and there will be no sale or acceptance of an offer to buy of these securities in any province of Canada until a receipt for the final prospectus has been issued.

The securities offered have not been and will not be registered under the United States Securities Act of 1933 (the “US Securities Act”), as amended, or any state securities law, and may not be offered, sold or delivered, directly or indirectly. , in United States or to, or on behalf of, or for the benefit of “U.S. Persons” (as defined in Regulation S of the U.S. Securities Act, as amended), except pursuant to certain exemptions from the registration requirements of the United States securities law and applicable state securities laws. This press release does not constitute an offer to sell or a solicitation of an offer to buy securities of United States or to, or on behalf of or for the benefit of U.S. Persons.

About Dream Residential REIT

Dream Residential REIT is a newly formed, unincorporated, open-ended real estate investment trust governed by the laws of the Province of Ontario. In connection with the Offering, the REIT will indirectly acquire interests in an initial portfolio (the “Initial Portfolio”) of 16 garden-style multi-residential properties comprised of 3,432 units located primarily in three markets in the Sunbelt and Midwest regions of United States.

Forward-looking information

This press release may contain forward-looking information within the meaning of applicable securities laws. Forward-looking information can generally be identified by the use of forward-looking terminology such as “outlook”, “objective”, “may”, “should”, “expect”, “intend”, ” estimates”, “anticipates”, “believes”, “should”, “plans” or “continues”, or similar expressions suggesting future results or events. Certain of the specific forward-looking information contained in this press release may include, among other things, statements regarding the offering and acquisition of the Initial Portfolio and the listing of the Units on the TSX. Forward-looking information is based on a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond Dream Residential REIT’s control, which could cause actual results to differ materially from those that are disclosed or implied by such forward-looking information. information search. These risks and uncertainties include, but are not limited to, global and local economic and business conditions; the uncertainties surrounding the COVID-19 pandemic; risks associated with unexpected or ongoing geopolitical events; the risks inherent in the real estate sector; funding risks; and fluctuations in interest rates and exchange rates. Our objectives and forward-looking statements are based on certain assumptions, including that the general economy remains stable, that there are no unforeseen changes in the legislative and operating environment of our business, that we will have access to adequate capital to fund our future projects and plans and that we will receive funding on acceptable terms; interest rates remain stable and geopolitical events will not disrupt global economies. All forward-looking information contained in this press release speaks as of the date of this press release. Dream Residential REIT does not undertake to update this forward-looking information, whether as a result of new information, future events or otherwise, except as required by law. Additional information about these assumptions and the risks and uncertainties can be found in Dream Residential REIT’s preliminary detailed prospectus, including under the heading “Risk Factors”.

SOURCE Dream Residential Real Estate Investment Trust