BTB announces the acquisition of a retail power center in Lévis

MONTRÉAL, Nov. 2, 2017

1200 to 1238 De la Concorde, Lévis Québec

Next to a Costco wholesale store, this retail power center has an approximate total leasable area of 121,000 square feet and is entirely leased. It houses well-known national retailers such as Archambault, Avril, Michaels, Bulk Barn, Mondou and Latulippe, to name a few.

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. BTB now owns 71 retail, office and industrial properties for a total leasable area of more than 5.3 million square feet. BTB's asset value is approximately $715M. The objectives of BTB are: i) to grow its revenues from its assets to increase distributable income and therefore fund distributions; (ii) to maximize the value of its assets through dynamic management of its properties in order to sustain the long-term value of its units; and (iii) to generate cash distributions that are fiscally beneficial to unitholders.

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%.