Dream Industrial REIT announce the appointment of Brian Pauls as Chief Executive Officer of the Trust, effective January 1, 2018. Mr. Pauls is an accomplished real estate professional who has developed over 3 million square feet of industrial properties in Canada and a further 5 million square feet in the United States in his role as a senior member of the management team at PAULS Corp. LLC.

With over 23 years of experience in the real estate industry in both Canada and the United States, Mr. Pauls is well known on both sides of the border among the brokerage, banking, tenant and construction communities. In his new position, Mr. Pauls will oversee the Trust's operations and provide experienced leadership as Dream Industrial REIT executes its strategic plan to expand into U.S. markets while growing its Canadian portfolio. Mr. Pauls will also work with Dream Unlimited Corp.

("Dream"), the Trust's asset manager, to identify new development projects, including on lands owned by Dream, to generate new opportunities for the Trust and to expand the Trust's capital recycling program within Canada. Mr. Pauls will replace Brent Chapman who acted as Chief Executive Officer from January 2015. Mr. Pauls has also been appointed as the Senior Vice President, Industrial for Dream.

In that capacity, Mr. Pauls will lead the development of industrial projects on Dream's owned land and will seek new potential developments which will be offered to Dream Industrial REIT at market rates.