OneREIT Announces Appointment of Chairman

TORONTO, ONTARIO--(Marketwired - Sept. 26, 2016) -

NOT FOR DISSEMINATION IN THE UNITED STATES OR TO ANY NON-CANADIAN SOURCE

OneREIT (TSX:ONR.UN) has announced the appointment of Hani Joseph Zayadi as Chairman of the Board of Trustees of OneREIT. Mr. Zayadi has been a trustee of OneREIT since 2006.

Mr. Zayadi has held a number of senior executive positions with leading retailers including as CEO of Zellers and Woodwards in Canada; Kmart Australia and NZ; Group Managing Director, Food, Liquor & Fuel Division of Coles Myer Ltd., Australia's largest retailer and Senior VP at Walmart Canada and Future Shop Canada. Mr. Zayadi has also been on numerous corporate and business advisory boards including Retail Counsel of Canada, B.C. Business Board of Governors and International Mass Merchants.

About OneREIT

OneREIT is an unincorporated, open-end real estate investment trust which focuses on owning and acquiring retail properties across Canada with the goal of enhancing long-term Unitholder value.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, which may be made only by means of a prospectus, nor shall there be any sale of the Units in any state, province or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under securities laws of any such state, province or other jurisdiction. The Units of OneREIT have not been, and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered, sold or delivered in the United States absent registration or an application for exemption from the registration requirements of U.S. securities laws.