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TORONTO , Sept. 25, 2025 /CNW/ - Automotive Properties Real Estate Investment Trust (TSX: APR.UN) ("Automotive Properties REIT" or the "REIT") announced today the completion of its previously announced acquisition of a portfolio of five automotive dealership properties and one collision centre property located in Île-Perrot, Québec, a suburb of Montreal (collectively, the "Île-Perrot Properties") from a third party for a purchase price of approximately $70.5 million.

The Île-Perrot Properties (GM Île-Perrot, Île-Perrot Toyota, Mazda 2-20, Hyundai Île-Perrot, Ford Île-Perrot and a body shop) comprise an aggregate of approximately 178,000 square feet of gross leasable area situated on approximately 28 acres of land. The Île-Perrot Properties are tenanted by affiliates of Groupe AutoForce Inc., a private entity that owns and operates several automotive dealerships in the Greater Montreal Area . The respective operators of each of the Île-Perrot Properties are under long-term net leases with the REIT that are subject to annual adjustments linked to the consumer price index in Québec.

The REIT funded the purchase price of the Île-Perrot Properties through the issuance of $10.0 million of Class B Limited Partnership Units ("Class B LP Units") by Automotive Properties Limited Partnership, the REIT's operating subsidiary, at a price per Class B LP Unit equal to $12.00 , with the balance funded by the REIT's credit facilities.

About Automotive Properties REIT

Automotive Properties REIT is an unincorporated, open-ended real estate investment trust focused on owning and acquiring income-producing automotive and other OEM dealership and service properties located in Canada and the United States .  The REIT's portfolio currently consists of 87 income-producing commercial properties, representing approximately 3.2 million square feet of gross leasable area, in metropolitan markets across British Columbia , Alberta , Saskatchewan , Manitoba , Ontario and Québec in Canada , and Florida and Ohio in the United States . Automotive Properties REIT is the only public vehicle in Canada focused on consolidating automotive and OEM dealership and service real estate properties. For more information, please visit: www.automotivepropertiesreit.ca .

SOURCE Automotive Properties Real Estate Investment Trust

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