Dream Hard Asset Alternatives Trust Reports on Non-Core Office Property Dispositions
TORONTO, ONTARIO--(Marketwired - Jun 22, 2017) - DREAM HARD ASSET ALTERNATIVES TRUST (TSX:DRA.UN) or (the "Trust" or
"our") today announced that it has entered into a conditional contract to sell its ownership interest in a portfolio of
income properties that are co-owned with Dream Office REIT (TSX:D.UN) for gross proceeds of approximately $110.6 million, which
approximates the Trust's IFRS value for these assets as at March 31, 2017. The Trust's share of gross leasable area is
approximately 560,000 square feet and share of expected net proceeds, before transaction costs, and closing adjustments, is
approximately $58.9 million. The transaction is subject to customary closing conditions, financing arrangements and consents, and
is expected to close in the second half of 2017.
About Dream Alternatives
Dream Alternatives provides an opportunity for unitholders to invest in hard asset alternative investments, including real
estate, real estate lending, real estate development and infrastructure, including renewable power, managed by an experienced
team with a successful track record in these areas. The objectives of the Trust are to provide predictable and sustainable cash
distributions to unitholders on a tax efficient basis, and grow and reposition the portfolio to increase both AFAD and NAV per
unit over time. For more information, please visit: www.dreamalternatives.ca
Forward Looking Information
This press release may contain forward-looking information within the meaning of applicable securities legislation,
including statements relating to the timing of our dispositions, as well as our strategies and objectives in general.
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 including foreign exchange rates, employment levels, mortgage and interest rates and
regulations, regulatory risks, environmental risks, consumer confidence, the financial condition of tenants and borrowers, local
real estate conditions, adverse weather conditions and variability in wind conditions and solar irradiation, reliance on key
clients, partners and personnel, the uncertainties of acquisitions, investments and new projects, inflation and competition. 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 disclosed in our filings with
securities regulators available on SEDAR (www.sedar.com). These filings are
also available at the Trust's website at www.dreamalternatives.ca.