Adventus REIT Announces Closing of C$24.2 Million Brokered Equity Offering

March 31, 2015

Vancouver, March 31, 2015 - Adventus Realty Trust, by its trustee, Adventus Realty Services Inc. (the “Trust”), Adventus Capital Partners Ltd. (the “Manager”) and Adventus Realty Limited Partnership (the “Partnership”), by its general partner, Adventus Realty Services Inc. (together with the Trust and the Manager, the “Issuers”) today announced the successful closing of its best efforts, brokered private placement offering (the “Brokered Offering”) of 1,505,643 units of the Trust, 79,397 non-voting common shares of the Manager and 79,397 units of the Partnership (the Trust Units, Manager Shares and Partnership Units shall be collectively referred to as the “Securities”).

The Securities were issued at a price of C$15.25 per Trust Unit, $15.24 per Manager Share and $0.01 per Partnership Unit, for gross proceeds of approximately C$24.2 million (the "Brokered Offering").The Brokered Offering was conducted by Industrial Alliance Securities Inc. who acted as sole lead agent.

The Trust intends to use the net proceeds from the Offering to invest in the acquisition of direct or indirect interests in US office real estate properties, including the expenses of assessing potential property acquisitions, and to pay down the balance of the mezzanine financing incurred to close the Columbia Center transaction. The Manager intends to use the net proceeds from the Offering to pay the expenses of the Offering, including fees and expenses that may be paid by it in respect of the Offering, and for working capital.

About Adventus

Adventus Realty Trust is a private Real Estate Investment Trust (REIT) formed in early 2012. Adventus is based in Vancouver, British Columbia, Canada, and is focused on US income producing suburban office commercial real estate, initially in the suburban office market of Chicago, Illinois. To date, Adventus has acquired twelve office buildings with values totaling approximately US $253 million, which gives Adventus a portfolio of commercial real estate of approximately 2.1 million square feet.

More information is available at www.adventusrealty.com.

Cautionary Statements Regarding Forward-Looking Statements

This press release contains forward-looking statements with respect to the REIT and its operations, strategy, financial performance and financial condition, as well as with respect to the previously disclosed acquisitions and future acquisitions of properties. These statements generally can be identified by the use of forward-looking word "intend". The actual results and performance of the REIT and the acquisitions discussed herein could differ materially from those expressed or implied by such statements. Accordingly, readers should not place undue reliance on forward-looking statements. These cautionary statements qualify all forward-looking statements attributable to the REIT and persons acting on its behalf. See the risk factors in the public filings of the REIT. Such statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations. Some important factors that could cause actual results to differ materially from expectations include, among other things, general economic and market factors, competition and changes in securities or other laws or regulations or the application thereof. The cautionary statements qualify all forward-looking statements attributable to the REIT and persons acting on its behalf. The assumptions made in making forward-looking statements are referred to in the public filings of the REIT.

Unless otherwise stated, all forward-looking statements speak only as of the date of this press release. Except as required by applicable law, the REIT specifically disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, future developments or otherwise.

 

For further information:

Adventus Realty Services Inc.

1660, 999 West Hastings Street

Vancouver, BC   V6C 2W2

 

Rodney B. Johnston                                                                                                         Michael Iannacone

Chief Executive Officer                                                                                                     Chief Financial Officer

604.336.1226                                                                                                                   604.336.1226

Investors News Releases Adventus REIT Announces Closing of C$24.2 Million Brokered Equity Offering