08:08 AM EDT, 06/27/2025 (MT Newswires) -- PRO Real Estate Investment Trust (PRV-UN.TO) on Friday said it completed its previously announced acquisition of a 100% interest in a portfolio of six high-quality industrial properties located in Winnipeg, Manitoba for $96.5 million from Parkit Enterprise ( PKTEF ) .

The company said the purchase price comes to about $142 per square foot and a mid-six percent capitalization rate and was covered with cash from a new $63 million 3-year secured non-revolving credit facility at a 5-year fixed swap rate of 4.54% and the issuance of $40 million of units to Parkit ( PKTEF ).

The balance of the non-revolving credit facility was used to repay a portion of indebtedness outstanding under the REIT's existing credit facilities and for general business purposes. Parkit ( PKTEF ) now holds an about 9.6% ownership interest in PROREIT.

Shares of the company closed up 1.4% to $5.71 on Thursday on the Toronto Stock Exchange.