Nearctic Industrial REIT Announces Conditional Acquisition of Edmonton Industrial Asset
October 7, 2026Nearctic Industrial Real Estate Investment Trust ("Nearctic" or the "REIT"), through NI REIT Acquisitions Limited, is pleased to announce that it has agreed to terms for the conditional acquisition of a modern, multi-tenant industrial asset located in Edmonton, Alberta.
The proposed acquisition has a purchase price of $15.7 million and comprises an industrial building of approximately 72,000 square feet. The transaction is anticipated to close on December 16, 2026, subject to completion of the purchase agreement and the waiver or satisfaction of the purchaser's conditions.
"This asset fits the profile we look for: modern, multi-tenant, and well located in a market where we already operate," said Craig Shein, Chief Operating Officer. "It is consistent with our disciplined approach to adding properties that can strengthen the portfolio over time."
The proposed acquisition would add to the REIT's existing 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 remains a core market for Nearctic, with steady tenant demand for functional industrial space," said Sean McCullough, Chief Executive Officer. "This proposed acquisition is another step in building a portfolio that can provide durable income for our investors."
The proposed 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.
"We continue to see opportunities to acquire high-quality industrial assets in strong Canadian markets," said James Jung, President. "Our priorities have not changed: 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. The proposed transaction remains subject to completion of the purchase agreement and 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.