BSR Real Estate Investment Trust announced that Mr. Neil Labatte, Chair of the Board, has informed the REIT of his plans to retire to spend more time with his family and to pursue personal interests. Accordingly, Mr. Labatte will not be standing for re-election at the AGM. Mr. Labatte has been Chair of the Board since the REIT's initial public offering in May of 2018 and has been instrumental in helping guide the REIT over the past six years.

The Board has an internal succession plan in place to determine an appropriate successor Chair to appoint from among the current trustees following the AGM, assuming all other current trustees are re-elected at the AGM.