Parkit Completes Sale of Winnipeg Property and Adds To Investment in PROREIT

Core Viewpoint - Parkit Enterprise Inc. has successfully completed the sale of its remaining property in Winnipeg for $5,350,000, enhancing its investment in PRO Real Estate Investment Trust [1][2]. Group 1: Transaction Details - The property sold is a single building with a gross leasable area of 24,665 square feet, located at 555 Camiel Sys, Winnipeg, MB, with a sale price of $5,350,000, equating to $217 per square foot [2]. - Parkit received $2,140,000 of the proceeds in the form of 345,161 trust units of PROREIT, priced at $6.20 per unit, resulting in Parkit owning approximately 10.4% of the Trust Units and special voting units of PROREIT post-transaction [1][2]. Group 2: Ownership and Future Plans - Following the transaction, Parkit beneficially owns and controls a total of 6,980,674 Voting Units of PROREIT, which includes 4,305,674 Trust Units and 2,675,000 Class B LP Units [2]. - Prior to the transaction, Parkit owned 3,960,513 Trust Units and 2,675,000 Class B Units, representing approximately 9.9% of the Voting Units [2]. - The company has a long-term investment perspective in PROREIT and may consider acquiring additional securities or selling existing ones based on market conditions [2]. Group 3: Company Overview - Parkit Enterprise Inc. is focused on the acquisition, growth, and management of strategically located industrial properties across key urban markets in Canada, along with parking assets in the United States [4].