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Retrocom REIT acquires US$61.4 million property portfolio from Calloway REIT and announces US$40 million bought deal financing

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Retrocom Real Estate Investment Trust

On October 18, 2012, Retrocom Mid-Market Real Estate Investment Trust (“Retrocom” or the “REIT”) agreed to sell, on a bought deal basis to a syndicate of underwriters led by TD Securities Inc., 7,150,000 units of the REIT (“Units”) at a price of $5.60 per Unit for gross proceeds of $40,040,000 (the “Offering”). The net proceeds from the Offering are expected to be used to partially fund the acquisition of three investment properties from Calloway REIT, to fund development and re-development activities and for general trust purposes. The Offering is expected to close on November 9, 2012. Retrocom was advised by a team of Fasken Martineau lawyers that included Anil Aggarwal, Martin Fisher-Haydis, Mitchell Thaw and Andrew Teehan.



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