BSR Real Estate Investment Trust Announces Results Of Voting At Annual And Special Meeting Of Unitholders

LITTLE ROCK, Ark. and TORONTO, May 11, 2022 /CNW/ - BSR Real Estate Investment Trust (the "REIT") (TSX: HOM.U) (TSX: HOM.UN) announced today the results of voting at its virtual annual and special meeting of unitholders held on May 11, 2022 (the "Meeting").

All of the nominees listed in the management information circular prepared in connection with the Meeting were elected as trustees of the REIT. The REIT received proxies and virtual votes at the Meeting as set out below:

Nominee	Votes For	Votes Withheld	Total Votes
John S. Bailey	15,816,371	607,728	16,424,099
William A. Halter	16,353,062	71,037	16,424,099
Bryan H. Held	16,346,743	77,356	16,424,099
W. Daniel Hughes, Jr.	16,334,940	89,159	16,424,099
Neil J. Labatte	15,686,755	737,344	16,424,099
S. Jane Marshall	16,403,242	20,857	16,424,099
Teresa Neto	16,402,406	21,693	16,424,099
Daniel M. Oberste	16,365,305	58,794	16,424,099
Graham D. Senst	13,669,259	2,754,840	16,424,099
Elizabeth A. Wademan	11,844,756	4,579,343	16,424,099

An ordinary resolution approving the amendment to the REIT's second amended and restated declaration of trust and corresponding increase to the maximum number of trustees of the REIT from nine to ten was also approved by a majority of the votes represented at the Meeting.

The REIT also reports that the appointment of KPMG LLP as the REIT's auditors for the 2022 fiscal year was passed by a majority of the votes represented at the Meeting.

The REIT's full report of voting results on matters presented at the Meeting can be found at www.sedar.com.

About BSR Real Estate Investment Trust

BSR  Real  Estate  Investment  Trust  is  an  internally  managed,  unincorporated,  and  open-ended real estate investment trust established pursuant to a declaration of trust under the laws of the Province of Ontario. The REIT owns a portfolio of multifamily garden-style residential properties located in attractive primary and secondary markets in the Sunbelt region of the United States.

SOURCE BSR Real Estate Investment Trust

Susan Koehn, Chief Financial Officer, BSR Real Estate Investment Trust, Tel: [phone], Fax: [phone]