TORONTO--(BUSINESS WIRE)--Apr. 9, 2024--
In response to recent increases in Dream Office REIT’s (“Dream Office” or the “Trust”) (TSX: D.UN) Unit price and rumours around the price changes, the Trust stated it continues to focus on its strategy of delivering long-term value to our unit holders in a very challenging office market, which includes reducing leverage, risk and operating costs and improving occupancy, while preserving liquidity. The materials from the Trust Q4 2023 continue to be the best information available. The Trust has a few assets listed for sale, however, no firm transactions have been entered into and there can be no assurances that any transaction will be completed and, if so, on what terms. Until such time as it is appropriate to make a public announcement on any firm agreements or transactions, Dream Office does not intend to make any further comment on this matter.
Dream Office REIT is an unincorporated, open-ended real estate investment trust. Dream Office REIT is a premier office landlord in downtown Toronto with over 3.5 million square feet owned and managed. We have carefully curated an investment portfolio of high-quality assets in irreplaceable locations in one of the finest office markets in the world. For more information, please visit our website at www.dreamofficereit.ca.
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Michael J. Cooper
Chairman and Chief Executive Officer
(416) 365-5145
mcooper@dream.ca
Jay Jiang
Chief Financial Officer
(416) 365-6638
jjiang@dream.ca
Source: Dream Office REIT
