AIP Realty Trust Announces Non-Brokered Offering of Preferred Units and Provides Update on AllTrades Transaction and Concurrent Financing

Core Viewpoint - AIP Realty Trust is initiating a non-brokered private placement to issue up to 14,000,000 Preferred Units at a price of US$0.50 per unit, aiming for total gross proceeds of up to US$7,000,000 to support its business combination with AllTrades Industrial Properties, LLC [1][4]. Group 1: Financing Details - The Trust plans to issue Preferred Units with rights to vote and receive distributions, convertible into regular Units at no additional cost under specific conditions [2][3]. - The net proceeds from the Financing will be allocated to cover costs associated with the AllTrades Transaction, including audit and legal fees [4]. - The completion of the Financing is subject to approval from the TSX Venture Exchange, and the Trust may pay finder's fees as per regulatory compliance [5]. Group 2: AllTrades Transaction Update - AIP Realty Trust is progressing with the AllTrades Transaction, intending to acquire all membership interests of AllTrades through its subsidiary [6]. - To support this acquisition, the Trust is also planning a brokered private placement to raise up to US$100,000,000 for financing the purchase price and other related expenses [7]. - The Trust is in advanced discussions with banks to secure financing for the AllTrades Transaction, indicating strong interest from potential financial partners [8]. Group 3: Company Overview - AIP Realty Trust is a real estate unit investment trust focusing on a growing portfolio of Service Industrial Business Suites (SIBS) aimed at small businesses in the U.S., particularly in the Dallas-Fort Worth market [9]. - The properties are designed to cater to a diverse range of small space users, offering low tenant turnover, stable cash flow, and significant growth opportunities [9].