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OT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES.

    GO Residential Real Estate Investment Trust (the "REIT") has filed a final long-form prospectus for its initial public offering of trust units, with the securities regulatory authorities in Canada. The REIT will issue 27,407,000 units at $15.00 each, raising gross proceeds of $410 million. A syndicate of underwriters led by CIBC Capital Markets and BMO Capital Markets is managing the offering.

    The REIT has granted an over-allotment option to purchase up to an additional 4,101,000 units, exercisable for 30 days following the closing. This would increase gross proceeds to $471 million if exercised in full. The REIT will use the funds to invest in luxury high-rise multifamily properties in major US cities.

    A team of seasoned industry leaders will lead the REIT upon its listing. In connection with the offering, a Cornerstone Investor has agreed to purchase 6,000,000 units on a private placement basis for $90 million. The investor also has an option to acquire up to 900,000 additional units if the over-allotment option is exercised.