News Release

SparrowHawk-PowerOne Industrial Announce Acquisition of $US57 Million North Carolina Portfolio

SparrowHawk Real Estate Strategists PowerOne Industrial Properties LP

Feb 20, 2015

TORONTO, ONTARIO–(Marketwired – Feb. 20, 2015) –

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SparrowHawk Holdings – PowerOne LP is pleased to announce the acquisition of a three building 1.33 million square foot portfolio in North Carolina from an entity controlled by GE. The portfolio is comprised of Class A bulk warehouse and distribution facilities and is 100% leased to strong credit tenants listed on the NYSE, including Proctor & Gamble, Sonoco Display and Packaging and MWI Veterinary Supply, Inc. (soon to be acquired by AmerisourceBergen). The properties are strategically located in North Carolina’s Piedmont Triad (Greensboro, Winston-Salem and High-Point), a region well known for its pro-business fundamentals and strong growth, and are within one mile of Proctor & Gamble’s manufacturing facility at Browns Summit, slated for a US$100 million expansion.

The acquisition was completed in partnership with Pure Industrial Real Estate Investment Trust, an unincorporated, open-ended investment trust that owns and operates a diversified portfolio of income-producing industrial properties in leading markets and trades on the TSX, which has acquired a 51% interest in the portfolio.

John Huguenard and Sean Devaney with Jones Lang LaSalle advised on the transaction.

SparrowHawk Holdings – PowerOne LP is a private real estate investment partnership founded by The PowerOne Capital Group, SparrowHawk Real Estate Strategists and Corriente Partners, established with the goal of building a high-quality, stabilized portfolio of institutional grade properties throughout regional distribution markets in the United States, with a focus on the warehouse and distribution segment of the industrial market. In addition to the Triad properties, the partnership owns 1.2 million square feet of single-tenant and multi-tenant industrial properties in Chicago and St. Louis.

About The PowerOne Capital Group

The PowerOne Capital Group, based in Toronto, Ontario, is a diversified merchant capital business focused on providing early stag e capital and advisory services to emerging growth companies globally. Since inception in 2003, PowerOne has been involved in over 300 transactions, providing financing and advisory services to companies involving over $2 billion. For more information visit www.poweronecapital.com.

About SparrowHawk Real Estate Strategists

SparrowHawk Real Estate Strategists is a privately held industrial real estate firm headquartered in Houston, Texas. SparrowHawk specializes in the acquisition, management, enhancement and disposition of quality industrial properties throughout the continental United States, for the benefit of institutional investors, broker and tenants.

About Corriente Partners

Corriente Partners is a privately held investment firm headquartered in Dallas, Texas and Telluride, Colorado specializing in capital formation for the real estate and financial services industries.

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