GO RESIDENTIAL REAL ESTATE INVESTMENT TRUST ANNOUNCES CLOSING OF APPROXIMATELY US$75.1 MILLION EQUITY ISSUANCE THROUGH BOUGHT DEAL OFFERING AND CONCURRENT PRIVATE PLACEMENT

Executive Summary

• GO Residential REIT completed a bought‑deal public offering of 3,768,845 units at US$9.95 per unit, raising approximately US$37.5 million.
• Simultaneously, its operating subsidiary closed a private placement of ~3,780,910 OpCo units for another ~US$37.6 million, bringing total gross proceeds to about US$75.1 million.
• Net proceeds (plus an anticipated US$19 million draw on the REIT’s credit facility) will fund roughly US$439.6 million of pending acquisitions in New York and Brooklyn, slated to close in Q2 2026.

Key Details

• Offering Size: 3,768,845 REIT units @ US$9.95 each → gross proceeds ≈ US$37.5 M.
• Private Placement Size: ~3,780,910 OpCo units @ US$9.95 each → gross proceeds ≈ US$37.6 M.
• Aggregate Gross Proceeds: ≈ US$75.1 million.
• Underwriters: Syndicate co‑led by CIBC Capital Markets and RBC Capital Markets.
• Over‑Allotment Option: Up to 565,326 additional REIT units, exercisable within 30 days; full exercise would raise total offering gross proceeds to ≈ US$43.1 M.
• Use of Proceeds:
• Fund a portion of the US$439.6 million purchase price for two acquisitions:
  1. 100% interest in residential & retail units at 7 Dey, New York, NY.
  2. ~81% managing interest in 409 Eastern Parkway, Brooklyn, NY.
• Remaining proceeds (if acquisitions not completed) to be used for future acquisitions and general corporate purposes.
• Additional Funding: Planned draw of ≈ US$19 million from the REIT’s credit facility to supplement equity proceeds.
• Closing Timeline: Acquisitions expected to close in Q2 2026.

Notable Quotes

(No executive quotes provided in the release.)