ARTIS REAL ESTATE INVESTMENT TRUST ANNOUNCES 10% OWNERSHIP, TOGETHER WITH ITS JOINT ACTORS, IN DREAM OFFICE REIT

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WINNIPEG, MB, Feb. 14, 2022 /CNW/ – Artis Real Estate Investment Trust (“Artis”) announced today that on February 14, 2022, it acquired an aggregate of 34,900 REIT Units, Series A (“Units”) of Dream Office Real Estate Investment Trust (“Dream Office”) (TSX: D.UN) in the open market through the facilities of the Toronto Stock Exchange at an average price of $24.54 per Unit or $856,446 in the aggregate (the “Acquisition”).

As a result of the Acquisition, Artis, together with partnerships managed by Sandpiper Group, owns and exercises control and direction over an aggregate of 5,386,429 Units, representing approximately 10.06% of the 53,541,288 issued and outstanding voting units (as reported in Dream Office’s management’s discussion and analysis dated November 4, 2021). Prior to the Acquisition, Artis, together with its joint actors, owned and exercised control and direction over 5,351,529 voting units, representing approximately 9.99% of the issued…

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