Automotive Properties Real Estate Investment Trust (TSX:APR.UN) entered into a definitive agreement to acquire Audi Barrie Dealership Property In Innisfil, Ontario from Dilawri Group for CAD 11.1 million on January 6, 2016. Automotive Properties intends to fund the purchase of the real estate underlying Audi Barrie through a new mortgage with a Canadian chartered bank of CAD 7.15 million and balance of the purchase consideration was satisfied through a draw on its existing revolving credit facility. The REIT has completed its diligence in connection with this acquisition and closing is expected to occur in January, 2016, subject to customary financing and closing conditions.

The addition of this property is expected to be immediately accretive to the REIT's Adjusted Funds from Operations ("AFFO") on a per unit basis.