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NADG NNN REIT files best-efforts offering

North American Development Group NNN Real Estate Investment Trust filed a preliminary prospectus for an initial public "blind-pool" offering of US$20 million to US$50 million trust units.

The prospectus was filed for class A, class I and class U trust units at a price of C$10.00 per class A and class I unit, and US$10.00 per class U unit.

CIBC is leading the syndicate of agents for the offering, which includes GMP Securities LP, Raymond James Ltd., National Bank Financial Inc., Canaccord Genuity Corp., Echelon Wealth Partners Inc., Industrial Alliance Securities Inc., Mackie Research Capital Corp. and Manulife Securities Inc.