BLF REIT provides update with respect to its proposed acquisitions and public offering

BROSSARD, QC, Oct. 1, 2013 /CNW Telbec/ - BLF Real Estate Investment Trust ("BLF REIT") (TSXV: BLF.UN), announces that it will not proceed with the acquisitions of the properties described in its September 6, 2013 preliminary prospectus (the "Target Properties") and the related proposed public offering.

The proposed acquisitions are no longer accretive to its unitholders in view of the recent fluctuations in the real estate capital markets. BLF REIT is therefore renegotiating the terms of the acquisitions with certain vendors of the Target Properties. BLF REIT will not incur any termination fees as a result of its inability to proceed with any of the acquisitions.

About BLF REIT

The principal business of BLF REIT is acquiring, holding, developing, maintaining, improving, leasing, managing or otherwise dealing with income-producing multi-family residential properties located throughout Québec. BLF REIT currently owns eight properties located in greater Montreal, Sherbrooke and Québec City totaling 1,054 apartment units.

Neither the TSX-V nor its Regulation Services Provider (as that term is defined in policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this release.

SOURCE: BLF Real Estate Investment Trust

For further information:

Annick Bélanger
514-755-2050

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BLF Real Estate Investment Trust

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