Dream Industrial REIT gets $250 million upsized replacement revolver

By Wendy Van Sickle

Columbus, Ohio, May 5 – Dream Industrial Real Estate Investment Trust has received a commitment for a $250 million unsecured revolving credit facility that will replace its $150 million secured revolver, according to a news release.

The new facility is expected to close in May, mature in January 2022, bear interest at similar rates for Canadian and U.S. dollar draws and add the ability to drawdown in euros, the trust reported.

Currently, revolver borrowings may be drawn in U.S. or Canadian dollars.

The Toronto-based open-ended real estate investment trust owns and operates a portfolio of 219 geographically diversified light industrial properties.

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