Mr. Joshua Gotlib reports

GO RESIDENTIAL REIT ANNOUNCES COMPLETION OF ACQUISITION OF 409 EASTERN PARKWAY AND JULY 2026 CASH DISTRIBUTION

GO Residential Real Estate Investment Trust has closed its previously announced indirect acquisition of an approximately 81-per-cent managing interest in 409 Eastern Pkwy., a luxury high-rise property located in Brooklyn, N.Y., further strengthening the REIT's track record of acquiring market-leading, luxury high-rise multifamily properties in New York.

409 Eastern Pkwy.

409 Eastern Pkwy. is a premier, institutional-grade high-rise located in the vibrant Prospect Heights neighbourhood of Brooklyn. Constructed in 2018, the building comprises 186 contemporary rental suites and three fully leased ground-floor commercial units. The property offers a diverse suite mix of studios and one- and two-bedroom residences, and is currently approximately 98 per cent leased. Residents benefit from a wide range of amenities, including a fitness centre, rooftop terrace, landscaped courtyard, resident lounge, co-working space, library, children's playroom, pet spa, bike storage, additional storage units and a subterranean parking garage. The property sits along Eastern Parkway, steps from Prospect Park, the Brooklyn Museum and the Brooklyn Botanic Garden.

Following completion of the acquisition, the REIT's portfolio comprises 2,731 residential suites, a 7-per-cent increase from its reported suite count of 2,545 as of June 30, 2026. In addition, the acquisition is expected to be immediately accretive to annualized adjusted fund from operations (AFFO) per unit.

"We have continued to focus our attention on identifying growth opportunities that will provide meaningful increases to both AFFO adjusted per unit and NAV per unit for our unitholders. We expect 409 Eastern Pkwy. in Brooklyn to provide immediate mid-single digit AFFO per unit accretion and a corresponding increase in NAV per unit. 409 Eastern Pkwy. complements our portfolio of distinctive amenity-rich luxury high-rise properties in New York City. Brooklyn is New York City's most populous borough with over 2.7 million residents, and as the borough continues to expand its commercial and residential presence, we expect it to provide us with additional opportunities for growth," said Joshua Gotlib, chief executive officer of GO Residential REIT.

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 per unit on an annual basis.

On July 15, 2026, the board of trustees of the REIT approved a cash distribution of 5.325 cents per trust unit of the REIT for the month of July, 2026, representing 63.9 cents per unit on an annual basis. Payment will be made on or about Aug. 17, 2026, to holders of units of record as of the close of business on July 31, 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 eight LHRs consisting of 2,731 luxury suites located in New York.

We seek Safe Harbor.