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TORONTO--(BUSINESS WIRE)--Aug. 6, 2024-- Dream Unlimited Corp. (“Dream Unlimited”) (TSX:DRM), Dream Office REIT (“Dream Office”) (TSX:D.UN-TSX) and Dream Industrial REIT (“Dream Industrial” and with Dream Unlimited and Dream Office, “Dream”) (TSX:DIR.UN) are deeply saddened to announce the passing of Dream Industrial Board of Trustees member, J. Michael Knowlton on July 20, 2024.

Michael joined Dream in 1998 and served in various positions with Dream Unlimited and Dream Office (formerly Dundee REIT) before becoming President of Dream Office in 2006. He retired from Dream Office in 2011 and served on the Board of Trustees of Dream Global REIT from 2016 until May 2019.

Most recently, Michael served as a trusted member of Dream Industrial’s Board of Trustees where he offered counsel and insights on a range of financial, operational and governance matters, contributing to Dream Industrial’s significant growth over the past eight years. He was highly respected and valued by the Board of Trustees for his extensive experience, expertise and mentorship.

“We are deeply saddened by the passing of our friend and colleague,” said Michael Cooper, President and Chief Responsible Officer of Dream Unlimited. “He was a prominent figure in the Canadian real estate industry and a great leader, who had a significant impact not only on our organization and many careers of our employees, but also on many leading institutions in our industry across the country. We are very fortunate that Mike brought his skills, experience, entrepreneurial approach, enthusiasm, and sense of humor to help us grow and improve over the past 26 years.

On behalf of all of us at Dream, we extend our sincere condolences to his family and friends. We will miss him greatly.”

About Dream Unlimited

Dream is a leading developer of exceptional office and residential assets in Toronto, owns stabilized income generating assets in both Canada and the U.S., and has an established and successful asset management business, inclusive of $25 billion of assets under management across four Toronto Stock Exchange listed trusts, our private asset management business and numerous partnerships. We also develop land, residential and income generating assets in Western Canada. Dream expects to generate more recurring income in the future as its urban development properties are completed and held for the long term. Dream has a proven track record for being innovative and for our ability to source, structure and execute on compelling investment opportunities. For more information, please visit our website at www.dream.ca.

About Dream Industrial

Dream Industrial REIT is an unincorporated, open-ended real estate investment trust. As at March 31, 2024, Dream Industrial REIT owns, manages and operates a portfolio of 330 industrial assets (550 buildings) comprising approximately 71.8 million square feet of gross leasable area in key markets across Canada, Europe, and the U.S. Dream Industrial REIT’s objective is to deliver strong total returns to its unitholders through secure distributions as well as growth in net asset value and cash flow per unit underpinned by its high-quality portfolio and an investment grade balance sheet. For more information, please visit our website at www.dreamindustrialreit.ca.

About Dream Office

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.

Kim Lefever
Director, Investor Relations
(416) 365-6339
klefever@dream.ca

Source: Dream Unlimited Corp.