April 5, 2010 (FinancialWire) — Cagim Real Estate Corp. (TSX Venture: CIM), a real estate management corporation, said BTB Real Estate Investment Trust (BTB) has commenced its offer to acquire all of Cagim's issued and outstanding class "A" shares for CDN$1.05 per share payable cash, including common shares currently issued prior the expiry time of the offer upon exercise or conversion of the currently outstanding Cagim debentures and stock options and mailed the offer, take-over bid circular, letter of transmittal and notice of guaranteed to Cagim shareholders.

The offer is subject to the support agreement reached on March 26, 2010 between Cagim and BTB.

Cagim directors' circular, containing the Cagim board's unanimous recommendation to accept the offer, will be filed within the time frame prescribed by the applicable securities laws.

The offer will be open for acceptance until 5: 00 p.m. (Montreal time) on May 7, 2010, unless it is extended or withdrawn, and will be subject to conditions including, among other things, there being validly deposited and not withdrawn a number of common shares that represents 66 2/3% of the issued and outstanding common shares (calculated on a fully-diluted basis).

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