Core Viewpoint - AIP Realty Trust has successfully completed the second tranche of a non-brokered private placement, issuing 2,584,000 Preferred Units for gross proceeds of US$1,292,000, with plans for a total issuance of up to 14,000,000 Preferred Units for up to US$7,000,000 in total proceeds [1]. Financing Details - The first tranche of the Financing closed on October 29, 2025, with 7,260,000 Preferred Units issued for gross proceeds of US$3,630,000 [1]. - A third tranche is expected to close in the coming weeks to issue the remaining Preferred Units [1]. - The net proceeds from the Financing will fund costs associated with AIP's proposed business combination with AllTrades Industrial Properties, LLC, including audit fees, legal fees, and due diligence costs [4]. Preferred Units Characteristics - Each Preferred Unit grants the holder voting rights and a preference in distributions over Class A Trust Units [2]. - Preferred Units can be converted into one Unit at no additional cost under specific conditions, including a notice of intent to convert or upon certain corporate transactions [2]. - The second tranche of Preferred Units is subject to a four-month and one-day hold period from the issuance date [5]. Company Overview - AIP Realty Trust is a real estate unit investment trust focusing on light industrial flex facilities for small businesses in the U.S., particularly in the Dallas-Fort Worth market [6]. - The properties cater to a diverse range of small space users, offering low tenant turnover, stable cash flow, and significant growth opportunities [6].

Core Viewpoint - AIP Realty Trust is amending its agreement to acquire AllTrades Industrial Properties, LLC for a total consideration of up to US$78.7 million, with changes in financing structure and terms of payment [2][3][4]. Group 1: Transaction Details - The acquisition involves the purchase of all issued and outstanding membership interests of AllTrades for an aggregate consideration of up to US$78,700,000 [2]. - The payment structure includes cash consideration for AllTrades' indebtedness and transaction expenses, along with the issuance of OP Units at a price of US$0.50 per unit [6]. - The remaining purchase price will be contingent on the number of Building Starts approved by the Board, with a payment structure based on the volume-weighted average price of the Trust's units [6]. Group 2: Approval and Governance - The transaction is subject to customary closing conditions, including approvals from the TSX Venture Exchange and Trust unitholders [4][10]. - Independent trustees have reviewed and approved the transaction, with certain trustees recusing themselves due to potential conflicts of interest [5][8]. - The Trust will seek unitholder approval requiring a two-thirds affirmative vote from disinterested unitholders [10]. Group 3: Company Overview - AIP Realty Trust focuses on light industrial flex facilities catering to small businesses in the U.S., with plans for national expansion [12]. - The Trust holds exclusive rights to finance and purchase properties developed by AllTrades Industrial Properties, Inc. [12].

Core Viewpoint - AIP Realty Trust has successfully completed the first tranche of a non-brokered private placement, issuing 7,260,000 Preferred Units at a price of US$0.50 each, raising a total of US$3,630,000, with plans for a second tranche to follow [1]. Financing Details - The total amount that can be raised under the Financing is up to US$7,000,000 through the issuance of 14,000,000 Preferred Units [1]. - The net proceeds from the Financing will be allocated to cover costs associated with AIP's proposed business combination with AllTrades Industrial Properties, LLC, including audit and legal fees [4]. - A total of US$152,000 was paid in finders' fees to third parties involved in the placement of the first tranche [5]. Preferred Units Characteristics - Each Preferred Unit grants the holder voting rights and a preference in distributions over Class A Trust Units [2]. - Preferred Units can be converted into Class A Trust Units at no additional cost under specific conditions, including a notice of intent to convert or upon certain corporate actions [2]. - The first tranche of Preferred Units is subject to a hold period of four months and one day from the issuance date [5]. Related Party Transaction - DKAM Capital Ideas Fund LP, a significant holder of the Trust's voting securities, participated in the first tranche, classifying the Financing as a related party transaction under Canadian securities laws [6]. - The Trust did not file a material change report prior to the closing of the first tranche due to the timing of insider participation details [6]. Company Overview - AIP Realty Trust is a real estate unit investment trust focusing on light industrial flex facilities aimed at small businesses in the U.S., particularly in the Dallas-Fort Worth market [7][8]. - The properties managed by AIP are designed to cater to a diverse range of small space users, providing stable cash flow and growth opportunities [8].

Core Viewpoint - AIP Realty Trust reported its financial results for the three and six months ended June 30, 2025, showing a decline in investment property revenue but an increase in net rental income, alongside significant expenses related to trust operations and financing activities [1][5]. Financial Performance - Investment property revenue for Q2 2025 was $150,403, a decrease of $2,188 or 1% from $152,591 in Q2 2024, primarily due to reduced parking revenue and unit vacancy [3][5]. - Investment property operating expenses decreased to $46,316 in Q2 2025 from $53,583 in Q2 2024, a reduction of $7,267 or 14%, attributed to lower maintenance and repair costs [3][5]. - Net rental income for Q2 2025 increased to $104,087, up $5,079 or 5% from $99,008 in Q2 2024 [3][5]. - Trust expenses for Q2 2025 were $1,341,315, down $186,411 or 12% from $1,527,726 in Q2 2024, mainly due to a one-time fee in the previous year [3][5]. Financing Activities - AIP Realty Trust announced a non-brokered private placement to issue up to 14,000,000 Preferred Units at $0.50 each, aiming for gross proceeds of up to $7,000,000, pending TSXV approval [5]. - The Trust has completed four tranches of financing between April 2024 and February 2025, raising $4,445,000 through the issuance of 8,890,000 Preferred Units [5]. - An engagement letter was signed with Desjardins Capital Markets for a fully marketed offering of approximately $100,000,000 in securities, with proceeds intended for the AllTrades Transaction and general working capital [5]. Business Outlook - AIP Realty Trust has an exclusive right to purchase AllTrades' completed and leased facilities, including 13 properties under forward purchase agreements [8]. - The Trust anticipates closing the AllTrades Transaction by the end of Q3 2025, which involves acquiring six completed facilities [9]. Company Overview - AIP Realty Trust is focused on a growing portfolio of AllTrades branded light industrial flex facilities, targeting small businesses in the U.S. [10]. - The Trust aims to expand its operations nationally, starting with the Dallas-Fort Worth market, and holds exclusive rights to finance and purchase properties developed by AllTrades [10].

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].