/NOT FOR DISSEMINATION IN THE UNITED STATES/

RICHMOND, BC, Nov. 14, 2012 /CNW/ - FAM Real Estate Investment Trust (the "REIT") announced today that it has filed a preliminary prospectus for the initial public offering of trust units (the "Units") with the securities commissions of all provinces and territories in Canada.  The proposed offering is being underwritten by a syndicate of underwriters led by TD Securities Inc. and National Bank Financial Inc.  The REIT is also pleased to announce that, prior to filing the final prospectus for the offering, Shant Poladian will be appointed full-time Chief Executive Officer of the REIT.

Previously, Mr. Poladian was an Equity Research Analyst, and Managing Director, covering real estate equity securities and REITs at Canaccord Genuity Corp, where he was employed from 2003 to 2012.  Previously, Mr. Poladian worked at BMO Nesbitt Burns as an integral member of a top ranked equity research team covering real estate equity securities and REITs from 2001 to 2003. Mr. Poladian earned his Chartered Accountant (Ontario) designation in 2001, following three years of employment at Deloitte & Touche LLP providing Assurance and Advisory services. He also earned his Certified Public Accountant designation in the state of Delaware. Mr. Poladian has a Bachelor of Commerce from the University of Toronto.

FAM Real Estate Investment Trust has been formed as a new vehicle that will focus on acquiring and owning industrial, office and retail properties in Canada and the United States. On closing of the initial public offering, the REIT will indirectly acquire a portfolio of 27 income-producing properties from Huntingdon Capital Corp. (TSX: HNT, HNT.DB and HNT.WT) ("Huntingdon") comprised of industrial, office and retail properties (the "Initial Properties"). The REIT will own a diversified mix of such properties with an aggregate of approximately 1.7 million square feet of gross leasable area.  The Initial Properties are located in Manitoba (18 properties), Alberta (four properties), Saskatchewan (two properties), Ontario (two properties) and the Northwest Territories (one property). Huntingdon will act as manager of the REIT and the Initial Properties pursuant to the terms of a management agreement to be entered into on Closing.  Under the management agreement, Huntingdon will provide strategic, asset management, administrative, property management, leasing, construction management and administrative services necessary to manage the day-to-day operations of the REIT and its assets. Through Huntingdon, the REIT will benefit from a broad network of relationships and property management and financing expertise within the commercial real estate industry.

A preliminary prospectus containing important information relating to these securities has been filed with securities commissions or similar authorities in certain jurisdictions of Canada. The preliminary prospectus is still subject to completion or amendment. There will not be any sale or any acceptance of an offer to buy the securities until a receipt for the final prospectus has been issued. 

These securities have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States without registration or an applicable exemption from the registration requirements of that Act.  This news release does not constitute an offer for sale of these securities in the United States of America.

Forward-Looking Statements

This press release contains forward-looking information within the meaning of applicable securities legislation, which reflects the REIT's current expectations regarding future events. Forward-looking information is based on a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond the REIT's  control, that could cause actual results and events to differ materially from those that are disclosed in or implied by such forward-looking information. Such risks and uncertainties include, but are not limited to, failure to complete the initial public offering of Units and related transactions, and the factors discussed under "Risk Factors" in the preliminary prospectus of the REIT dated November 14, 2012. These forward-looking statements are made as of the date of this press release and, except as expressly required by applicable law, the REIT assumes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

SOURCE FAM Real Estate Investment Trust