This press release contains forward-looking information that is based upon assumptions and is subject to risks and uncertainties as indicated in the cautionary note contained within this press release.

NOT FOR DISTRIBUTION IN THE UNITED STATES OR DISSEMINATION THROUGH U.S. NEWS OR WIRE SERVICES

TORONTO–(BUSINESS WIRE)–Dream Industrial REIT (TSX: DIR.UN) (the “Trust” or “Dream Industrial REIT”) announced today the closing of its previously announced private placement of senior unsecured debentures (the “Offering”) consisting of C$200 million aggregate principal amount of 5.383% Senior Unsecured Debentures, Series F maturing on March 22, 2028 (the “Series F Debentures”).

The Series F Debentures are expected to be rated BBB with a Stable Trend by DBRS Limited. The Trust intends to use the net proceeds from the Offering to repay existing indebtedness and for general trust purposes.

The Series F Debentures have not been and will not be qualified for sale to the public under applicable securities laws in Canada and, accordingly, any offer or sale of the Series F Debentures in Canada will be made on a basis which is exempt from the prospectus requirements of such securities laws. The Series F Debentures will not be listed on any stock exchange and there will be no market for such securities. The Series F Debentures have not been, and will not be, registered under the United States Securities Act of 1933, as amended, or any state securities laws and may not be offered or sold in the United States and may not be offered or sold to other persons who are not residents of a province of Canada.

About Dream Industrial Real Estate Investment Trust

Dream Industrial REIT is an unincorporated, open-ended real estate investment trust. As at December 31, 2022, Dream Industrial REIT owns, manages and operates a portfolio of 257 industrial assets totaling approximately 47.3 million square feet of gross leasable area in key markets across Canada, Europe, and the U.S. Dream Industrial REIT’s goal is to deliver strong total returns to its unitholders through secure cash flows underpinned by its high-quality portfolio and an investment grade balance sheet as well as driving growth in its net asset value and cash flow per unit. For more information, please visit www.dreamindustrialreit.ca.

Forward Looking Information

This press release may contain forward-looking information within the meaning of applicable securities legislation. Forward-looking information generally can be identified by the use of forward-looking terminology such as “outlook”, “objective”, “may”, “will”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, “should”, “plans”, or “continue”, or similar expressions suggesting future outcomes or events. Some of the specific forward-looking information in this press release may include, among other things, statements regarding the intended use of proceeds of the Offering and the expected rating of the Series F Debentures. Forward-looking information is based on a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond the Trust’s control, which could cause actual results to differ materially from those that are disclosed in or implied by such forward-looking information. These risks and uncertainties include, but are not limited to, general and local economic and business conditions; employment levels; mortgage and interest rates; regulations; uncertainties around the timing and amount of future financings; uncertainties surrounding the COVID-19 pandemic; geopolitical events, including disputes between nations, war and international sanctions; the financial condition of tenants; leasing risks, including those associated with the ability to lease vacant space; rental rates and the strength of rental rate growth on future leasing; and interest and currency rate fluctuations. The Trust’s objectives and forward-looking statements are based on certain assumptions, including that the general economy remains stable, interest rates remain stable, conditions within the real estate market remain consistent, rising replacement costs in the Trust’s operating markets remain steady, competition for acquisitions remains consistent with the current climate and that the capital markets continue to provide access to equity and/or debt. All forward-looking information in this press release speaks as of the date of this press release. The Trust does not undertake to update any such forward-looking information whether as a result of new information, future events or otherwise except as required by law. Additional information about these assumptions and risks and uncertainties is contained in the Trust’s filings with securities regulators, including its latest annual information form and MD&A. These filings are also available at the Trust’s website at www.dreamindustrialreit.ca.

Contacts

Dream Industrial REIT

Brian Pauls
Chief Executive Officer

(416) 365-2365

bpauls@dream.ca

Lenis Quan
Chief Financial Officer

(416) 365-2353

lquan@dream.ca

Alexander Sannikov
Chief Operating Officer

(416) 365-4106

asannikov@dream.ca

Collaboration between Project Management Institute and Women of Project Management to boost inclusion in the project profession

PHILADELPHIA–(BUSINESS WIRE)–A new Project Management Institute (PMI) report – The State of Women in Project Management 2023 – reveals a stark gender divide in the project management industry, with male project managers outnumbering female project managers at a rate of 3:1. However, 23% of men versus 20% of women report some level of management role, highlighting a much narrower gap when it comes to project management leadership opportunities. To elevate the project management career, PMI is collaborating with Women of Project Management (WOPM), the dedicated global community for women in the project profession, to further amplify the voices of women in project management across its global community and enable more female project managers to enter or progress in the profession.

The mission of Women of Project Management is to increase the representation of women and women of color in the project profession by supporting their members at every stage of their career journey. Their dedicated team provides hands-on, practical support to boost the individual’s career, including: exploring the vast world of project management, how to increase visibility, expanding your network, receiving mentorship, or getting industry certified.

The strategic DE&I collaboration between PMI and WOPM will provide female project professionals with access to community, education and training opportunities, events and networking opportunities.

“PMI has over 300 chapters across the world committed to being a diverse, inclusive and equitable community,” said Brantlee Underhill, Chief Community Officer at PMI. “Our latest research shows that project management offers women genuine career progression opportunities, so we need to work together to encourage more women into the profession. By teaming up with Women of Project Management, together we will raise awareness of the importance of gender inclusion – which will only enhance our profession – and empower our community to create change, regardless of industry.”

In fact, PMI’s The State of Women in Project Management snapshot also reveals that the gender disparity for project professionals exists across all major industries:

Industry	Male	Female
Information Technology	78%	20%
Financial Services	69%	29%
Construction	86%	13%
Consulting	75%	24%
Manufacturing	81%	17%
Energy	83%	17%
Telecom	77%	22%
Government	72%	26%
Healthcare	59%	41%
Automotive	81%	18%
Training / Education	62%	37%
Aerospace	82%	17%
Transportation / Logistics / Distribution	83%	16%

“Many women simply don’t have the resources or community they need to reach the opportunities they’re deserving of. Their needs and voices aren’t being heard or sometimes they have no idea where they should even start,” said Asya Watkins, CEO and Founder of Women of Project Management. “At WOPM we have built an entire support community dedicated to educating, enhancing, and empowering women and women of color. Inclusion is a social challenge that needs to be prioritized across all industries; it’s great to know that PMI is investing support and continuing to drive awareness to this mission.”

View the full report The State of Women in Project Management 2023.

About Women of Project Management

Women of Project Management® is a professional organization committed to promoting equal representation for women and women of color in the field of project management, through a supportive membership community and tailored resources including, mentoring, certifications, health & wellness, workshops, networking, and career opportunities that engage members during every stage of their career journey.

WOPM educates, enhances, and empowers those with an interest in the project management industry, by providing a platform and community designed to develop dynamic change makers and ensure women of color and other diverse backgrounds are celebrated for their contributions and distinctiveness.

Fostering a culture of inclusion and amplifying the voices of women in the industry worldwide continues to be the driving force behind Founder and CEO, Asya Watkins’ vision for Women of Project Management®. In 2015, Asya brought her vision to life through the lens of highly qualified women who were deserving of a seat at the table. Powered by the core values of integrity, intention, and impact, Women of Project Management® has positively routed the lives of 1,000s of members and the DE&I goals of many Fortune 500 and corporate organizations throughout the years.

For more information on Women of Project Management, please visit our website and social media at www.womenofpm.com, Instagram.com/womenofpm, LinkedIn.com/company/womenofpm.

About Project Management Institute

Project Management Institute (PMI) is the leading professional organization for project management, and the authority for a growing global community of millions of project professionals and individuals who use project management skills. Collectively, these professionals and “changemakers” consistently create better outcomes for businesses, community and society worldwide.

PMI empowers people to make ideas a reality. Through global advocacy, networking, collaboration, research, and education, PMI prepares organizations and individuals at every stage of their career journey to work smarter so they can drive success in a world of change.

Building on a proud legacy dating to 1969, PMI is a not-for-profit, for-purpose organization working in nearly every country around the world to advance careers, strengthen organizational success, and enable project professionals and changemakers with new skills and ways of working to maximize their impact. PMI offerings include globally recognized standards, certifications, online courses, thought leadership, tools, digital publications, and communities.

Visit us at www.PMI.org, https://www.linkedin.com/company/projectmanagementinstitute, https://www.facebook.com/PMInstitute, and on Twitter @PMInstitute.

Contacts

Media Contact:
Dina Morton, External Communications Specialist, PMI

Dina.Morton@pmi.org