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Dream Industrial completes US portfolio deal, in talks for 3 Canadian properties

Dream Industrial REIT completed the acquisition of 21 U.S. properties agreed in February for roughly C$235 million.

The distribution facilities are across Chicago; Cincinnati and Columbus, Ohio; Indianapolis; and Louisville, Ky.

The Canada-based property company is also in exclusive negotiations to acquire three properties in the Greater Toronto area and Ottawa, Canada, for a combined roughly C$76 million.

The acquisition is expected to close in the second quarter. The properties total roughly 533,000 square feet and have a weighted average occupancy of 99% and a weighted average lease term of 6.3 years.