VANCOUVER, May 23, 2018 /PRNewswire/ - Pure Industrial Real Estate Trust (TSX:AAR) (the "Trust") announces today that it anticipates the closing of the previously-announced plan of arrangement, pursuant to which an affiliate of Blackstone Property Partners, the Core+ real estate investment unit of Blackstone, and Ivanhoé Cambridge, a subsidiary of CDPQ, would acquire all of the issued and outstanding trust units of the Trust (each, a "Unit") for $8.10 per Unit in cash (the "Transaction"), will occur tomorrow, May 24, 2018, subject to the continued satisfaction of all closing conditions at the time of closing.