Nearctic Industrial REIT Announces Conditional Acquisition of Edmonton Industrial Asset
May 4, 2026Nearctic Industrial Real Estate Investment Trust ("Nearctic" or the "REIT"), through NI REIT Acquisition Limited, is pleased to announce that it has entered into a purchase agreement for the acquisition of a modern, multi-tenant industrial asset located in Edmonton, Alberta.
The proposed acquisition has a purchase price of $15.25 million and comprises approximately 100,000 square feet of industrial buildings and improvements. The transaction is anticipated to close on June 30, 2026, subject to the waiver or satisfaction of customary purchaser conditions.
“This is exactly the type of opportunity we want to pursue as we continue to grow the REIT,” said Craig Shein, Vice President, Asset Management. “It is a well located, multi-tenant industrial asset in a market we know well, and it reflects our disciplined approach to adding properties that can strengthen the portfolio over time.”
The proposed acquisition would further expand the REIT’s presence in Edmonton, where Nearctic continues to see attractive fundamentals for functional, multi-tenant industrial assets. The REIT remains focused on properties that can support stable occupancy, durable income, and long-term value creation.
“Edmonton continues to be an important market for Nearctic, supported by strong industrial fundamentals and steady tenant demand,” said Sean McCullough, Chief Executive Officer. “This proposed acquisition fits well with our operating platform and our focus on functional industrial properties that can provide durable income for investors.”
The transaction also reflects the REIT’s broader strategy of disciplined portfolio growth. As Nearctic continues to evaluate acquisition opportunities, management remains focused on assets that are aligned with its modern shallow bay and multi- tenant industrial strategy.
“This proposed acquisition reflects the continued momentum of the REIT and our strategy of acquiring high quality industrial assets in strong Canadian markets,” said James Jung, President. “As we continue to broaden the portfolio, our focus remains on disciplined growth, income stability, and long term value creation for our investors.”
The REIT will provide further updates as appropriate following completion of the transaction.
About Nearctic Industrial Real Estate Investment Trust
Nearctic Industrial Real Estate Investment Trust is focused on acquiring and operating Canadian industrial real estate assets, with an emphasis on modern shallow bay and multi-tenant industrial properties in key markets. The REIT’s strategy is designed to provide investors with stable income, portfolio diversification, and long term value creation through disciplined acquisitions and active asset management.
Forward Looking Information
This press release contains forward looking information, including statements regarding the proposed acquisition, the anticipated closing date, and the expected benefits of the transaction. Forward looking information is based on current expectations and is subject to risks and uncertainties, including the satisfaction or waiver of applicable conditions. There can be no assurance that the proposed transaction will be completed on the terms described herein, or at all.