/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/ − Initial sale price represents a 79% premium to IFRS value −− Transaction increases Net Asset Value and drives AFFO per Unit accretion through deleveraging −   TORONTO, July 29, 2024 /CNW/ - Automotive Properties Real Estate Investment Trust (TSX:APR) ("Automotive Properties REIT" or the "REIT") announced today that it has entered into an agreement (the "Transaction") to sell its automotive dealership property located at 8210 and 8220 Kennedy Road and 7 and 13/15 Main Street, in Markham, Ontario (collectively, the "Kennedy Lands") for $54 million.