Mr. Stephane Amine reports

INOVALIS REAL ESTATE INVESTMENT TRUST CLOSES EUROS14.0 MILLION SALE OF BALDI PROPERTY

Inovalis Real Estate Investment Trust has closed the sale of the Baldi property for 14.0 million euros ($22.9-million). The 124,000-square-foot office and mixed-use property comprised of four buildings around a central courtyard, is located near the Paris ring road in Saint-Ouen, France. Dollar figures are in Canadian dollars, unless otherwise noted.

"This closing represents our second completed disposition in 2025, together generating approximately $23-million in cash for the REIT," said Stephane Amine, president and chief executive officer of Inovalis REIT. "These transactions reflect our continued focus on asset recycling and balance sheet strength, while enhancing our financial flexibility to advance the REIT's strategic priorities."

The net proceeds from this transaction after the full repayment of bank debt related to the property and disposition costs is expected to be approximately 11.2 million euros ($18.3-million) and will be used for capital expenditures relating to the repositioning and/or redevelopment of currently owned properties and further reducing the REIT's indebtedness.

About Inovalis Real Estate Investment Trust

Inovalis is a real estate investment trust listed on the Toronto Stock Exchange in Canada. It was founded in 2013 by Inovalis and invests in office properties in primary markets of France, Germany and Spain. It holds 11 assets. Inovalis acquires (indirectly) real estate properties via CanCorpEurope, authorized alternative investment fund (AIF) by the CSSF in Luxemburg, and managed by Inovalis S.A.

About Inovalis Group

Inovalis is a French alternative investment fund manager, authorized by the French Securities and Markets Authority (AMF) under AIFM laws. Inovalis and its subsidiaries (Advenis S.A., Advenis REIM) invest in and manage real estate investment trusts such as Inovalis REIT, open-ended funds (SCPI) with stable real estate focus such as Eurovalys (for Germany) and Elialys (Southern Europe), private thematic funds raised with Inovalis partners to invest in defined real estate strategies and direct co-investments on specific assets

Inovalis Group, founded in 1998 by Inovalis S.A., is an established pan European real estate investment player with seven billion auros of assets under management (AUM) and with offices in all the world's major financial and economic centers in Paris, Luxembourg, Madrid, Frankfurt, Toronto and Dubai. The group comprise 300 professionals, providing advisory, fund, asset and property management services in real estate, as well as wealth management services.