Inovalis Real Estate Investment Trust announced that the Board of Trustees of the REIT has approved a three-year extension of the current management agreement between the REIT and Inovalis S.A. by way of an amended and restated management agreement to be effective April 1, 2023. The following modifications were approved in the amended and restated management agreement: Term: The extension is fixed for three years ending on March 31, 2026. Disposition fees are no longer contingent on whether the net proceeds of any sale or disposition are paid as a special distribution to Unitholders.

Ongoing Interest: Rather than make an investment in the individual properties owned by the REIT, at all times during the term of the Agreement, Inovalis SA and any of its directors and officers, collectively shall own that number of Trust Units (including Exchangeable Securities on an as converted basis) having an aggregate value equal to at least 10% of the equity value of the REIT (unless otherwise agreed by Inovalis SA and the REIT).