Mr. Max Kaufman reports

GO RESIDENTIAL REIT COMPLETES STRATEGIC TRANSACTIONS TO INCREASE SCALE, PROVIDE IMMEDIATE ACCRETION, AND GROW ITS UNENCUMBERED POOL OF ASSETS AND ANNOUNCES JUNE 2026 CASH DISTRIBUTION

GO Residential Real Estate Investment Trust has closed two previously announced acquisitions, further strengthening the record of acquiring market-leading, luxury high-rise multifamily properties in New York. Each of the previously announced acquisitions is expected to enhance the REIT's scale, portfolio quality and long-term growth profile.

Acquisition activity

On May 28, 2026, and June 5, 2026, GO Residential completed the indirect acquisitions of 7 Dey Street, located at 7 Dey St., New York, N.Y., 10007, and Ivy Tower, located at 345 W 42nd St. and 350 W 43rd St., New York, N.Y., 10036, respectively.

The acquisitions continue to accelerate the REIT's scale in New York markets, enhance the quality of its portfolio and mark a pivotal step forward in the REIT's strategy to become a premier owner and operator of luxury high-rise multifamily assets. The acquisitions are expected to contribute to the REIT's sustainable cash flow and long-term value creation through pro-active asset management and operational excellence. In addition, the acquisitions are expected to be immediately accretive to annualized AFFO (adjusted funds from operations) per unit.

The acquisitions were financed by a disciplined and diversified capital stack consisting of available cash and the arrangement of approximately $146.3-million of new fixed-rate mortgage debt on 7 Dey Street. The new fixed-rate mortgage debt bears an interest rate of 4.50 per cent (which was reduced from 4.96 per cent pursuant to an interest rate escrow) and matures in 2031. The composition of the consideration for the acquisitions allows GO Residential REIT to maintain its strong capital structure and financial leverage metrics within the REIT's previously disclosed target range.

The acquisition of Ivy Tower represents the REIT's first addition to its unencumbered asset pool. Building an unencumbered asset pool is a key strategic priority of the REIT as it enhances the REIT's financial flexibility and is expected to further improve access to future unsecured financing.

Pro forma the acquisitions, the REIT will have 2,545 residential suites in its portfolio, which is a 26-per-cent increase from its reported suite count of 2,015 as of March 31, 2026.

"These transactions are poised to strengthen our platform by improving portfolio quality, expanding our footprint and supporting sustainable long-term growth. Equally important, they have been executed in a way that underscores our continued focus on maintaining a conservative balance sheet," said Joshua Gotlib, chief executive officer of GO Residential REIT.

Meyer Orbach, chairman of GO Residential REIT, added: "These acquisitions send a clear and compelling signal to the market that GO Residential REIT is well positioned to identify and execute on accretive growth opportunities. These transactions not only reinforce the strength of our platform but also demonstrate the depth of our sourcing capabilities and our ability to translate strategy into meaningful value creation for our unitholders."

7 Dey Street

7 Dey Street is a striking modern luxury 209-suite high-rise residential tower located in the heart of Tribeca, steps from the Fulton Transit Center and the World Trade Center. This 33-story glass tower was completed in 2019, and offers a mix of studio, one-bedroom, two-bedroom and three-bedroom residences, including penthouse suites. The building features thoughtfully designed suites with oversized windows, white oak flooring, custom cabinetry, quartz countertops, integrated appliances, and in-suite washers and dryers. Residents enjoy a comprehensive suite of amenities, including a concierge-attended lobby, fitness center, co-working spaces, resident lounges, rooftop terrace, bike storage and common laundry facilities. The property also includes four commercial spaces, currently leased to leading tenants, including T-Mobile and Wells Fargo.

Ivy Tower

Ivy Tower sits between 8th Ave. and 9th Ave. on West 43rd St., putting Times Square, the Theater District, Bryant Park and the Hudson Yards waterfront within a short walk. Ivy Tower comprises 321 suites across 41 stories, and offers a mix of studio, one-bedroom, two-bedroom, and three-bedroom residences. Eleven subway lines and the Port Authority Bus Terminal are minutes from the lobby -- the rest of Manhattan, Brooklyn and the airports are also accessible from the Ivy Tower's central location. Each luxury suite at Ivy Tower features oversized windows and open exposures that pull natural light deep into the floor plan. Kitchens are finished with granite countertops, full-size stainless appliances and durable slate flooring. In addition, each suite is wired for high-speed Internet and cable, with central HVAC (heating, ventilation and air conditioning) and individual climate control.

Distributions

The REIT adopted a monthly distribution policy targeting approximately 65 per cent of estimated annual AFFO and pays a monthly distribution of 5.325 cents per unit, representing 63.9 cents on an annual basis.

On June 15, 2026, the board of trustees of the REIT approved a cash distribution of 5.325 cents per unit for the month of June, 2026, representing 63.9 cents per unit on an annual basis. Payment will be made on or about July 15, 2026, to unitholders of record as of the close of business on June 30, 2026.

All or a portion of distributions paid to non-U.S. holders (as defined in the prospectus (as defined below)), including Canadian unitholders, generally will be subject to U.S. withholding tax. For a general summary of the taxation of distributions paid to unitholders, including information regarding U.S. withholding tax, please see the "certain Canadian federal income tax considerations" and "certain U.S. federal income tax considerations" sections in the REIT's prospectus dated July 24, 2025, a copy of which is available on SEDAR+. Unitholders should consult their tax advisers for advice with respect to the tax consequences of receiving a distribution from the REIT in their particular circumstances.

About GO Residential Real Estate Investment Trust

GO Residential is an internally managed, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. The REIT has been formed to provide investors with an opportunity to invest in luxury high-rise multifamily properties (LHRs) located in the New York metropolitan area and other major metropolitan cities in the United States. The REIT owns and operates a portfolio of seven LHRs consisting of 2,545 luxury suites located in the borough of Manhattan, N.Y.

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