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  • The REIT issued a total of 12,650,000 units at a price of $12.85 per unit
  • The offering consisted of a treasury offering by the REIT of 11,543,356 units for gross proceeds of approximately $148,332,124
  • The vendor of the REIT’s Richmond, BC property issued 1,106,644 units for gross proceeds of approximately $14 million
  • The REIT intends to use the net proceeds from the treasury offering to fund the REIT’s future acquisitions and for general corporate purposes
  • Nexus is a real estate investment trust focused on the acquisition, ownership and management of industrial, office and retail properties
  • Nexus Real Estate Investment Trust (NXR.UN) opened trading at C$12.63 per share

Nexus Real Estate Investment Trust (NXR.UN) has closed its public offering of trust units.

The REIT issued a total of 12,650,000 units at a price of $12.85 per unit.

The offering was led by BMO Capital Markets and Desjardins Capital Markets 

The offering consisted of a treasury offering by the REIT of 11,543,356 units for gross proceeds of approximately $148,332,124 and a secondary offering of 1,106,644 units by the vendor of the REIT’s Richmond, BC property for gross proceeds of approximately $14 million.

The REIT intends to use the net proceeds from the treasury offering to fund the REIT’s future acquisitions and for general corporate purposes. The REIT did not receive any proceeds from the secondary offering.

Nexus is a growth-oriented real estate investment trust focused on the acquisition, ownership and management of industrial, office and retail properties located in primary and secondary markets in North America. The REIT currently owns a portfolio of 89 properties comprising approximately 6.6 million square feet of gross leasable area.

Nexus Real Estate Investment Trust (NXR.UN) opened trading at C$12.63 per share.

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