Artis announces closing of equity offering and exercise of underwriters' option for gross proceeds of $69.1 million

Artis announces closing of equity offering and exercise of underwriters' 
option for gross proceeds of $69.1 million 
WINNIPEG, Dec. 19, 2012 /CNW/ - Artis Real Estate Investment Trust (TSX: 
AX.UN) ("Artis" or the "REIT") announced today that it has closed its 
previously announced public offering (the "Offering") of trust units on a 
bought deal basis through a syndicate of underwriters led by RBC Capital 
Markets, CIBC, and Canaccord Genuity Corp. (the "Underwriters"). Artis 
issued and sold an aggregate of 4,400,000 trust units ("Units") (inclusive of 
400,000 Units issued pursuant to the exercise of the Underwriters' option) at 
a price of $15.70 per Unit for gross proceeds to Artis of $69,080,000. 
Artis intends to use the net proceeds from the Offering to fund future 
acquisitions, for debt repayment and for general trust purposes, as more 
particularly described in the prospectus supplement dated December 12, 2012. 
Artis is a diversified Canadian real estate investment trust investing in 
office, industrial and retail properties. Since 2004, Artis has executed an 
aggressive but disciplined growth strategy, building a portfolio of commercial 
properties in Canada and the United States, with a major focus on Western 
Canada. Artis' commercial property comprises nearly 23.4 million square feet 
of leasable area in 220 properties. Leasable area by asset class is 
approximately 18.3% retail, 32.1% office and 49.6% industrial. The portfolio 
is located 7.9% in British Columbia, 25.7% in Alberta, 5.1% in Saskatchewan, 
15.4% in Manitoba, 16.0% in Ontario and 29.9% in the U.S. 
The Toronto Stock Exchange does not accept responsibility for the adequacy or 
accuracy of this press release. 
For further information please contact Mr. Armin Martens, President and  Chief 
Executive Officer, Mr. Jim Green, Chief Financial Officer or Ms.  Kirsty 
Stevens, Chief Administrative Officer at 1.204.947.1250 
SOURCE: Artis Real Estate Investment Trust 
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CO: Artis Real Estate Investment Trust
ST: Manitoba
-0- Dec/19/2012 13:26 GMT
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