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Automotive Properties REIT Completes Property Acquisition in Vista, California and Announces Completion of an Additional Property Acquisition in Santa Ana, California

Newswire.ca - Tue Apr 7, 4:38PM CDT

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TORONTO, April 7, 2026 /CNW/ - Automotive Properties Real Estate Investment Trust (TSX: APR.UN) ("Automotive Properties REIT" or the "REIT") announced today the completion of its previously announced acquisition of an automotive and service property located at 3280 Corporate View in Vista, San Diego County, California (the "Vista Property") from a third party for a purchase price of US$16.0 million. The Vista Property is tenanted by Rivian LLC under a mid-term, net lease that includes contractual fixed annual rent increases with renewal options. The Vista Property consists of an approximately 59,828 square-foot Rivian sales, delivery and service facility that is situated on approximately 3.75 acres of land.

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