09:01 AM EDT, 06/11/2025 (MT Newswires) -- AIP Realty Trust (AIP-U.V) said Wednesday it signed an engagement letter with Desjardins Capital Markets to set the commercial terms for its fully marketed offering of about US$100 million.

The terms and ultimate structure of the financing remain under consideration, the Trust said.

The Trust plans to use the proceeds to support its proposed business combination with AllTrades Industrial Properties for the purchase of six completed AllTrades Serviced Industrial Business Suites facilities, as well as for other general working capital purposes.

"This engagement marks a pivotal milestone for the Trust and a step forward towards completion of the AllTrades transaction," said Leslie Wulf, executive chairman of the Trust. "Partnering with Desjardins Capital Markets, renowned for their exceptional track record and deep industry relationships, strategically positions us to raise the capital to support our goals with confidence and precision."