BTB Announces the Sale of a Retail Property Located in Brossard, Québec

MONTRÉAL, Dec. 21, 2021 /CNW Telbec/ - BTB Real Estate Investment Trust (TSX: BTB.UN) ("BTB" or the "REIT") announces the sale of a retail property located at 2340 Lapinière in Brossard, Québec.

Located on the South Shore of Montréal, the property was acquired by BTB in October 2007 for a total consideration of $3.5 million, excluding transaction costs. As of Q3 2021, the occupancy rate of the property, stood at 51%. BTB disposed of the property for a total consideration of $4.45 million, excluding transaction costs.

ABOUT BTB

BTB is a real estate investment trust listed on the Toronto Stock Exchange. BTB is an important owner of properties in eastern Canada. As of December 21^st, BTB owns
65 retail, office, and industrial properties for a total leasable area of approximately
5.8 million sq. ft. Considering the acquisitions announced during the fourth quarter of 2021, BTB's total asset value surpasses $1 billion.

BTB'S OBJECTIVES

1. Generate stable monthly cash distributions that are reliable and fiscally beneficial to unitholders;
2. Grow the Trust's assets through internal growth and accretive acquisitions in order to increase distributable income and therefore refund distributions;
3. Optimize the value of its assets through the dynamic management of its properties in order to maximize the long-term value of its properties and therefore, its units.

BTB offers a distribution reinvestment plan to unitholders whereby the participants may elect to have their monthly cash distribution reinvested in additional units of BTB at a price based on the weighted average price for BTB's Units on the Toronto Stock Exchange for the five trading days immediately preceding the distribution date, discounted by 3%.

For more detailed information, visit BTB's website at www.btbreit.com.

SOURCE BTB Real Estate Investment Trust