RISE PROPERTIES TRUST

RISE Properties Trust is a private Canadian REIT (the Trust). The Class A Units and Class F Units (the Units) of the Trust have not been prospectus-qualified for distribution to the public and are only available for purchase on a prospectus-exempt, private placement basis. The Units are not freely tradeable and are redeemable in accordance with the conditions set out in the Trust Declaration and in the Trust's Offering Memorandum.