Choice Properties Real Estate Investment Trust announced that it has agreed to issue $650 million aggregate principal amount of senior unsecured debentures of the Trust in two series. The offering includes $300 million aggregate principal amount of series I senior unsecured debentures that will bear interest at a rate of 3.01 % per annum and will mature on March 21, 2022 and $350 million aggregate principal amount of series J senior unsecured debentures that will bear interest at a rate of 3.546 % per annum and will mature on January 10, 2025. The Debentures are being offered on an agency basis by a syndicate of agents co-led by RBC Capital Markets, TD Securities, CIBC Capital Markets and BMO Capital Markets. Subject to customary closing conditions, the offering is expected to close on January 12, 2018. The net proceeds of the Debentures being offered will be used by the Trust to repay existing indebtedness, including an intention to redeem in full the $400 million aggregate principal amount of its 3.554% series A senior unsecured debentures due July 5, 2018, and for general business purposes. The offering is being made under Choice Properties' short form base shelf prospectus dated January 9, 2018. The terms of the offering will be described in a prospectus supplement, dated January 10, 2018.