ETRE REIT Announces Public Offering of Its Series A-1 Common Shares

NEW YORK--(BUSINESS WIRE)-- ETRE REIT, LLC ("ETRE REIT" or the "Company") today announced that it has commenced a public offering of 11,500,000 shares of its Series A-1 common shares. Series A-1 of the Company (the "A-1 Series") has been established to allow persons who acquire Series A-1 common shares in the offering to own an interest in State Street Financial Center, a 36-story office tower, also known as One Lincoln Street, located in Boston, Massachusetts (the "Property"). The initial public offering price is currently expected to be $15.00 per share. The Company expects to grant the underwriters an option to purchase up to an additional 1,150,000 Series A-1 common shares from the Company at the initial public offering price, less the underwriting discount, within 30 days after the date of the initial public offering to cover over-allotments, if any. The Company has applied to have the Series A-1 common shares listed on the NASDAQ Capital Market under the trading symbol "ESSF."

The Company intends to use the net proceeds from the offering of the A-1 Series, to acquire an indirect 48.87% interest in the Property.

Sandler O’Neill + Partners, Evercore ISI, and Nomura Securities are acting as joint book-running managers for the offering. BTIG, LLC, JMP Securities, LOYAL3 Securities Inc., RCS Capital, and SMBC Nikko are acting as co-lead managers for the offering. The offering is being made only by means of a prospectus. Copies of the preliminary prospectus may be obtained, when available, from: Sandler O'Neill + Partners, L.P. at 1251 Avenue of the Americas, 6th Flr., New York, New York 10020, Attention: Prospectus Department, or by calling toll-free 1-866-805-4128, or by email at [email protected], Evercore Group L.L.C. Attention: Equity Capital Markets, 55 East 52nd Street, 36th Floor, New York, NY 10055, by telephone: (212) 446-5664, or email: [email protected], Nomura ECM Syndicate Dept, 5th floor, 309 West 49th Street, New York, New York 10019-7316.

A registration statement on Form S-11, including a prospectus, which is preliminary and subject to completion, relating to these securities has been filed with the Securities and Exchange Commission, but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time that the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About ETRE REIT

ETRE REIT is a newly organized Delaware series limited liability company that has been formed to permit public investment in individual commercial real estate properties, each of which will be held by a separate property-owning subsidiary owned by a separate series of limited liability company interests, or Series, that ETRE REIT intends to establish.

Forward-Looking Statements

This press release contains certain forward-looking statements that are subject to various risks and uncertainties, including, without limitation, statements relating to the performance of the Company’s investments and its financing needs and arrangements. Forward-looking statements are generally identifiable by use of forward-looking terminology such as “may,” “will,” “should,” “potential,” “intend,” “expect,” “endeavor,” “seek,” “anticipate,” “estimate,” “believe,” “could,” “project,” “predict,” “continue” or other similar words or expressions. Forward-looking statements are based on certain assumptions, discuss future expectations, describe existing or future plans and strategies, contain projections of results of operations, liquidity and/or financial condition or state other forward-looking information. The Company’s ability to predict future events or conditions or their impact or the actual effect of existing or future plans or strategies is inherently uncertain. Although the Company believes that such forward-looking statements are based on reasonable assumptions, actual results and performance in the future could differ materially from those set forth in or implied by such forward-looking statements.

When considering forward-looking statements, you should keep in mind the risk factors and other cautionary statements contained in the Company’s registration statement. You are cautioned not to place undue reliance on any of the forward-looking statements, which reflect the Company’s views only as of the date hereof. The risks summarized under “Risk Factors” and elsewhere in the Company’s registration statement could cause actual results and performance to differ materially from those set forth in or implied by the Company’s forward-looking statements. Except as required by applicable law, the Company assumes no obligation to update or otherwise revise any of its forward-looking statements after the date hereof.

View source version on businesswire.com: http://www.businesswire.com/news/home/20150709005650/en/

For ETRE REIT
Darren Glickman, 212-596-7225

Source: ETRE REIT

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