Boulevard Industrial REIT Withdraws Preliminary Prospectus

TORONTO, CANADA--(Marketwired - July 24, 2015) -

NOT FOR RELEASE OR DISSEMINATION INTO THE UNITED STATES

Boulevard Industrial REIT ("Boulevard" or the "REIT") (TSX VENTURE:BVD.UN) announces that, in light of current market conditions, it has determined not to proceed with its previously announced public offering of units at this time and is withdrawing its preliminary short form prospectus previously filed on April 24, 2015.

The TSXV has in no way approved or disapproved the contents of this news release. Neither the TSXV nor its Regulation Services Provider (as that term is defined in policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.