Nearctic Industrial REIT Announces Management Alignment to Support Continued Growth

April 27, 2026

Nearctic Industrial REIT ("Nearctic" or the "REIT") is pleased to announce the completion of a strategic transaction that further aligns ownership and management, positioning the REIT for its next phase of growth.

"This is an important milestone for Nearctic," said David Kent, Founder. "I am very pleased to be moving forward with Sean, James and Craig as partners. We share a common vision for the business, and I believe this alignment will support the continued growth of the REIT and create long-term value for investors."

The transaction strengthens alignment among Nearctic's leadership team and reinforces the REIT's commitment to disciplined growth, operational excellence and active asset management. Nearctic will continue to focus on modern, multi-tenant, shallow-bay industrial properties in supply-constrained Canadian markets.

"We are excited about this next chapter for Nearctic," said Sean McCullough, Chief Executive Officer. "The team has worked hard to build a strong foundation, and this transaction gives us greater alignment as we continue to scale the REIT, pursue disciplined growth and strengthen the platform for the benefit of our investors."

Nearctic's strategy remains focused on acquiring and managing high-quality industrial assets supported by strong tenant demand, limited new supply and durable cash flows. The REIT believes this segment of the industrial market continues to offer attractive long-term fundamentals.

"This transaction is a key milestone in aligning interests across the platform," said James Jung, President. "With a highly complementary leadership team, a focused investment strategy and growing support from our capital partners, we are well positioned to scale the REIT in a disciplined manner and create long-term value for investors."

Craig Shein, Vice President, Asset Management, added: "Our priority is to grow thoughtfully while maintaining the operating discipline that has supported Nearctic's success to date. We believe this partnership strengthens our ability to execute on attractive opportunities, remain focused on quality and risk management, and continue building a stronger REIT platform."

About Nearctic Industrial REIT

Nearctic Industrial REIT is a Canadian real estate investment trust focused on acquiring, owning and managing modern industrial properties in key urban markets. The REIT targets high-quality, shallow-bay industrial assets that benefit from strong tenant demand and limited new supply.