Ontario–(BUSINESS WIRE)–Axis Insurance Managers Inc. is pleased to announce the appointment of Kevan Thompson as National Senior Vice President of the Construction, Contractors & Real Estate (CCRE) practice group. Kevan will lead Axis’s national CCRE practice, guiding strategy and delivery of specialized risk management, insurance, and performance security solutions to clients across Canada’s construction industry.

With more than two decades of experience, Kevan brings deep knowledge in construction risk management across project-specific insurance programs, contract review and modeling, contract surety, and subcontractor default insurance (SDI). He has held senior leadership roles throughout his career and is recognized for helping clients manage complex risks, strengthen their competitive position, and achieve lasting growth.

Axis Insurance is an award-winning brokerage offering comprehensive risk management and insurance services to local, national, and international clients. Since 1928, Axis has grown into a leading national brokerage with over 400 dedicated professionals who specialize in assessing business and personal risks, delivering solutions to mitigate, reduce, or transfer them. Axis is committed to creating tailored strategies that empower clients to embrace risk as a pathway to growth and resilience.

As a full-service brokerage, Axis specializes in commercial insurance, personal insurance, life, employee benefits, and wealth advisory services. Axis’s success stems from strategic acquisitions and organic growth, supported by 16 specialized practice groups. This collaborative approach enables the firm to deliver innovative solutions, anticipating industry shifts and adapting to evolving client needs.

Axis’s strong corporate culture encourages employee ownership, drives shared success, and fosters top performance. The company’s mission centers on transforming risk into opportunity, empowering clients to navigate uncertainty confidently and purposefully.

Contacts

Media Inquiries
Bella Bothamley

Manager, Marketing

Axis Insurance

bella.bothamley@axisinsurance.ca

Transaction reflects evolution of the QuadReal and Realstar partnership

VANCOUVER, British Columbia–(BUSINESS WIRE)–QuadReal Property Group (“QuadReal”), a global real estate investment, development and operating company announced today that it has fully acquired the UNCLE brand in the UK and Europe as well as Realstar’s UK&I residential operating platform, which will be re-named.

The transaction consolidates the operating company under QuadReal. Ryan Prince will remain as CEO for the next 12 months. Following this transition period, he will move to the role of non-executive Chairman. The current team will remain to expand the business.

Established partnership

QuadReal and Realstar launched their first joint venture in 2017, expanded the relationship through asset acquisitions and, in 2021, QuadReal purchased a minority interest in the Realstar UK operating company.

Today, the platform manages nearly 6,000 residential units across London, Manchester, Birmingham, Leeds, and Dublin. A substantial portion of this portfolio operates under the UNCLE brand, which is known for its award-winning design, amenity spaces, and innovative resident services that offer unprecedented flexibility. UNCLE is consistently rated the UK’s top rental brand on platforms such as Trustpilot.

QuadReal will continue to expand its UK and European BTR and student housing portfolio and will leverage the well-established UNCLE brand in these markets.

This transaction does not affect Realstar’s other UK-owned assets outside the joint venture, nor does it have any impact on Realstar’s Canadian or other international activities. Following the transaction, Realstar will continue to pursue new investment opportunities in the UK and Ireland.

Global residential portfolio

Globally, QuadReal has significant experience in the residential sector. Its portfolio includes over 65,000 residential units and 28,000 student beds, predominantly in North America and Australia. In the UK, QuadReal has over 8,500 residential units and 4,500 student beds across 29 communities.

Jonathan Dubois-Phillips, President, International Real Estate at QuadReal said: “This furthers QuadReal’s global residential strategy and positions us well for future growth in both the built-to-rent and student housing markets. We have a solid residential foundation in the UK because of our partnership with Realstar, and QuadReal will continue to deliver value through operational excellence and solid portfolio and asset management.”

Ryan Prince, Vice Chairman of Realstar and founder of UNCLE, said: “I am incredibly proud of the businesses we have built, the brands we founded, and the people I have worked alongside since launching Realstar’s UK operations nearly 25 years ago. Since the establishment of our UK business, we have worked across sectors from GP surgeries to hotels, BTR, student accommodation and co- living. QuadReal’s investment, particularly over the past five years has turbo-charged our growth, and the business is now in its strongest position yet. I look forward working alongside QuadReal on the UK BTR and student fronts while at the same time seeking out new opportunities for Realstar to grow in the UK and Europe.”

About QuadReal Property Group

QuadReal Property Group is a global real estate investment, development and operating company headquartered in Vancouver, British Columbia. Its assets under management are $94 billion. From its foundation in Canada as a full-service real estate operating company, QuadReal has expanded its capabilities to invest in equity and debt in both the public and private markets. QuadReal invests directly, via programmatic partnerships and through operating platforms in which it holds an ownership interest.

QuadReal seeks to deliver strong investment returns while creating sustainable environments that bring value to the people and communities it serves. Now and for generations to come.

QuadReal: Excellence lives here.

About Realstar

Founded in Canada in 1974, Realstar is a privately owned real estate investment and management company with over C$9 billion in assets spanning multifamily, hospitality, and alternative asset classes. A vertically integrated owner-operator, Realstar partners with leading institutions including pension funds, sovereign wealth funds, and high-net-worth families.

Active in the UK for 24 years, Realstar has acquired or developed more than £3.5 billion in assets, with a focus on overlooked and underserved sectors including BTR, primary healthcare, and hotels.

Whether for a night, a year, or a decade, the Realstar Group strives to be the most trusted owner and operator of the places our customers call home.

Contacts

FTI Consulting (QuadReal)

Giles Barrie, Bryn Woodward

0779 892 6814 / 07929 383297

Quadreal@fticonsulting.com

TORONTO–(BUSINESS WIRE)–RioCan Real Estate Investment Trust (“RioCan”) (TSX: REI.UN) today announced a distribution of 9.65 cents per unit for the month of September. The distribution will be payable on October 7, 2025, to unitholders of record as at September 30, 2025.

About RioCan

RioCan meets the everyday shopping needs of Canadians through the ownership, management and development of necessity-based and mixed-use properties in densely populated communities. As at June 30, 2025, our portfolio is comprised of 178 properties with an aggregate net leasable area of approximately 32 million square feet (at RioCan’s interest). To learn more about us, please visit www.riocan.com.

Contacts

RioCan Real Estate Investment Trust

Investor Relations Inquiries

Email: ir@riocan.com

LADERA RANCH, Calif.–(BUSINESS WIRE)–SmartStop Self Storage REIT, Inc. (“SmartStop”) (NYSE: SMA), an internally managed real estate investment trust and a premier owner and operator of self-storage facilities in the United States and Canada, announced its inclusion in the MSCI US REIT Index (RMZ), effective after market close on August 26, 2025.

The MSCI US REIT Index is widely recognized as a leading benchmark for the U.S. real estate sector. The index comprises equity REITs and represents a key measure of real estate performance for institutional investors and asset managers worldwide.

“We are honored to be added to the MSCI US REIT Index,” said H. Michael Schwartz, Chairman and CEO of SmartStop. “The inclusion in this leading REIT index is a significant milestone for our Company. We look forward to this opportunity to broaden our shareholder base and increase SmartStop’s visibility within the publicly traded REIT community.”

SmartStop’s inclusion in the MSCI US REIT Index is expected to further increase the company’s visibility and engagement with the investment community, especially the REIT-dedicated investment community, highlighting the company’s continued growth.

About SmartStop Self Storage REIT, Inc. (SmartStop):

SmartStop Self Storage REIT, Inc. (“SmartStop”) (NYSE: SMA) is a self-managed REIT with a fully integrated operations team of more than 600 self-storage professionals focused on growing the SmartStop® Self Storage brand. SmartStop, through its indirect subsidiary SmartStop REIT Advisors, LLC, also sponsors other self-storage programs. As of September 11, 2025, SmartStop has an owned or managed portfolio of 236 operating properties in 23 states, the District of Columbia, and Canada, comprising approximately 170,500 units and 19.1 million rentable square feet. SmartStop and its affiliates own or manage 49 operating self-storage properties in Canada, which total approximately 41,800 units and 4.2 million rentable square feet.

Contacts

David Corak
Senior VP of Corporate Finance & Strategy

SmartStop Self Storage REIT, Inc.

IR@smartstop.com

DOVER, Del.–(BUSINESS WIRE)–To speed up permit turnaround times and give applicants full transparency into the permitting process, the City of Long Beach, California, has chosen Clariti Enterprise to replace its existing platform. The new Enterprise Land Management (ELM) System will be implemented by Speridian Technologies and used by approximately 500 internal users across multiple city departments.

Long Beach is the second-largest city in Los Angeles County and the seventh most populous in California. In 2024 alone, the city conducted over 3,600 plan checks and issued more than 12,000 permits for retail and commercial projects, totaling $591 million in construction valuation.

“The LB Builds – Enterprise Land Management system represents a transformative step forward for how Long Beach serves its residents, developers and businesses,” said Long Beach Community Development Department Director Christopher Koontz. “[The Clariti system] will dramatically improve the customer experience across all aspects of permitting and licensing.”

With Clariti Enterprise, the city will integrate 26 different applications currently used for development services onto one central platform, which will significantly reduce back-and-forth between customers and staff.

As the single source of truth for key functions such as licensing, permitting, planning, and inspections, the new system will also help the city:

• Accelerate permit turnaround times by eliminating department silos.
• Deliver an exceptional experience for customers by providing an intuitive portal that will allow residents to find information, communicate with staff, and apply, track, and pay for their permit online.
• Automate time-consuming manual tasks like scheduling inspections, assigning reviews, and sending notifications, so staff can focus on high-impact work.
• Attract developers and investors by reducing delays and offering a simpler, faster way to do business with the city.
• Make better, data-informed decisions with Enterprise’s in-depth reporting and powerful analytics.

On the decision to move forward with Clariti, the city highlighted the platform’s scalability and flexibility, as well as Clariti’s strong presence in California, which includes neighboring jurisdictions such as the City of Los Angeles, Bakersfield, Irvine, and Orange County.

“We’re thrilled to be partnering with the City of Long Beach to bring them a more connected, flexible community development system,” said Cyrus Symoom, Co-CEO of Clariti. “With Enterprise, Long Beach will be able to meet demand with greater speed and transparency, while continuing to evolve alongside its community.”

“Speridian Technologies is honored to partner with the City of Long Beach to deliver a next-generation permitting experience,” said Speridian Technologies Chief Executive Officer, Ali Hasan. “Our mission is to empower public sector organizations with innovative, scalable solutions that streamline operations, enhance transparency, and improve service delivery for residents and businesses. By implementing a modern enterprise system, Long Beach is setting a new standard for efficiency and customer experience in municipal permitting, and we are proud to support their vision for a more connected and accessible city.”

About the City of Long Beach

Long Beach is nestled along the Southern California coast and home to approximately 466,000 people. As an award-winning full-service charter city, Long Beach offers the amenities of a metropolitan city while maintaining a strong sense of individual and diverse neighborhoods, culture and community. With a bustling downtown and over six miles of scenic beaches, Long Beach is a renowned tourist and business destination and home to the iconic Queen Mary, nationally recognized Aquarium of the Pacific and Long Beach Airport, award-winning Long Beach Convention and Entertainment Center and world-class Port of Long Beach.

For more information about the City of Long Beach, visit longbeach.gov/. Follow us on social media to keep up with the latest news: Facebook, X, Instagram and YouTube. More information about the Department of Parks, Recreation and Marine is available at longbeach.gov/park and on Facebook and Instagram.

About Clariti

Clariti helps governments of all sizes across North America achieve unparalleled efficiency and productivity with configurable community development solutions that include extensive purpose-built processes leading governments use every day. Today, Clariti is the only permitting software vendor solely focused on community development, with a suite of products that includes two different community development platforms for large and small-sized governments, and a pre-application permitting guide. Clariti solutions are trusted by leading governments of all sizes such as Los Angeles, Phoenix, Orange County, Tampa, FL, Placerville, CA, Albany, NY, and more. For more information, visit www.claritisoftware.com.

About Speridian Technologies

Speridian Technologies is a global IT solutions and consulting company committed to helping government agencies modernize operations and enhance public service delivery. With a presence across North America, the Middle East, and Asia, Speridian partners with public sector organizations to implement innovative, scalable, and citizen-centric digital solutions. Its tailored technology solutions help governments improve transparency, ensure compliance, and deliver better outcomes for the communities they serve. To learn more about Speridian Technologies and its public sector solutions, visit: www.speridian.com/public-sector/

Contacts

Jeremy Bosch

VP, Marketing

Clariti

jeremy.bosch@claritisoftware.com

National recognition highlights LP as one of the country’s top employers

NASHVILLE, Tenn.–(BUSINESS WIRE)–LP Building Solutions (LP), a leading manufacturer of high-performance building products, has been named to Newsweek’s America’s Most Admired Workplaces 2026 list, earning national recognition as one of the country’s most respected employers.

Now in its second year, the annual ranking is based on surveys of more than 400,000 U.S. workers and 4.9 million company reviews. Employers are evaluated across 10 categories, including corporate culture, career development and work-life balance.

“Recognition on Newsweek’s list is especially meaningful because it reflects the voices of American workers,” said LP Chair and CEO Brad Southern. “At LP, our goal is to create an environment where team members can thrive, feel valued and see a future for themselves. This honor affirms the strength of our culture and the dedication of our people.”

In announcing honorees, Newsweek Editor-in-Chief Jennifer H. Cunningham said, “A great workplace is one that strives to make all its employees feel respected and appreciated. But ensuring that employees are comfortable and valued is something only some companies excel at.”

LP’s approach to workplace culture is guided by its “Building What Matters™” philosophy, which emphasizes the following:

• Building careers by supporting individual growth and development.
• Building connections by fostering an inclusive and respectful workplace.
• Building well-being by prioritizing safety, health and wellness.
• Building purpose by making a positive impact in communities.

LP’s recognition on the 2026 list reflects its ongoing commitment to fostering a strong workplace culture and supporting team member growth within the manufacturing sector.

The full list of America’s Most Admired Workplaces 2026 honorees is available at Newsweek.com.

About LP Building Solutions

As a leader in high-performance building solutions, Louisiana-Pacific Corporation (LP Building Solutions, NYSE: LPX) manufactures engineered wood products that meet the demands of builders, remodelers and homeowners worldwide. LP’s extensive portfolio of innovative and dependable products includes Siding Solutions (LP^® SmartSide^® Trim & Siding, LP^® SmartSide^® ExpertFinish^® Trim & Siding, LP BuilderSeries^® Lap Siding and LP^® Outdoor Building Solutions^®), LP^® Structural Solutions (LP^® TechShield^® Radiant Barrier Sheathing, LP WeatherLogic^® Air & Water Barrier, LP Legacy^® Premium Sub-Flooring, LP^® FlameBlock^® Fire-Rated Sheathing, LP NovaCore^® Thermal Insulated Sheathing and LP^® TopNotch^® 350 Durable Sub-Flooring) and LP^® Oriented Strand Board. In addition to product solutions, LP provides industry-leading customer service and warranties. Since its founding in 1972, LP has been Building a Better World^™ by helping customers construct beautiful, durable homes while shareholders build lasting value. Headquartered in Nashville, Tennessee, LP operates more than 20 manufacturing facilities across North and South America. For more information, visit LPCorp.com.

Contacts

Media Contact
615-986-5886

Media.Relations@lpcorp.com

Firm now delivers integrated public and private market intelligence across four continents and expanded sector coverage with the acquisition of College House

NEWPORT BEACH, Calif.–(BUSINESS WIRE)–Green Street, the leading provider of trusted commercial real estate (CRE) and infrastructure intelligence, predictive analytics, and unbiased insights, is celebrating its 40th anniversary as it continues to accelerate global growth. Today, Green Street’s integrated platform serves more than 4,000 companies across North America, Europe, Australia, and Asia, offering the most comprehensive combination of real assets research, infrastructure intelligence, data, analytics, advisory, and news worldwide.

“For 40 years, our insights have helped shape the decisions of the world’s most influential infrastructure and CRE participants,” said Jeff Stuek Jr., Chief Executive Officer of Green Street. “We’ve built a reputation as the gold standard for commercial real estate intelligence. As we look ahead to the next 40 years, we’re focused on expanding into new markets, acquiring complementary capabilities, and delivering the most forward-looking data and analytics to identify tomorrow’s opportunities.”

Acquisitions Continue to Strengthen Global Platform

Underscoring its commitment to growth and innovation, Green Street has completed seven strategic acquisitions over the past six years, each designed to expand the breadth and depth of its global commercial real estate intelligence platform. From enhancing property-level data and broadening geographic coverage to deepening sector-specific insights, these acquisitions have added meaningful capabilities that strengthen Green Street’s leadership position. The most recent, College House, brings premier student housing data and analytics into the platform—further aligning with the company’s strategy to integrate granular private market data with institutional-level research. Together, these acquisitions accelerate Green Street’s ability to deliver actionable, forward-looking intelligence across more markets, asset classes, and client needs.

Expanding Reach Across Global Markets

Today, Green Street’s predictive analytics and market intelligence help organizations make investment decisions in more than 25 countries, reflecting the firm’s relevance and depth. Recent expansions include:

• Australia – Earlier this year, Green Street expanded its newsroom with the launch of Green Street News Australia, covering industrial, office, residential, and retail markets with breaking deal coverage, leasing transactions, and regulatory updates.
• Canada – Green Street extended its Canadian market coverage with expanded private and public market data, analytics, and exclusive news. Its Canadian Outlook Report provides a comprehensive view of apartments, industrial, office, and retail sectors.

Customer Loyalty and Proven Value

Green Street continues to earn some of the highest levels of client satisfaction in the industry, reflecting strong loyalty and trust across its global customer base. Consistently outperforming peers in independent benchmarks, the company’s results highlight the value of delivering unbiased, predictive, and actionable insights that clients rely on year after year.

“Our intelligence is forward-looking, rooted in decades of expertise, and validated by a proven track record,” Stuek added. “Whether it’s forecasting, tracking deals, or providing clarity on valuations, our clients rely on us to know what’s coming next.”

About Green Street

Founded in 1985, Green Street is the premier provider of actionable commercial real estate and infrastructure research, news, data, analytics, and advisory services. By combining forward-looking market research, proprietary data, predictive analytics, and expert advisory, Green Street empowers market participants across the U.S., Canada, Europe, Asia, and Australia to make confident, informed decisions.

To learn more about Green Street’s global expansion and solutions, visit www.greenstreet.com.

Contacts

Media Contact info:

Green Street Media

media@greenstreet.com
(949) 640-8780

Vince Rea to Retire as President and General Manager after Successful Tenure

VAUGHAN, Ontario–(BUSINESS WIRE)–The Canadian business of Pittsburgh Paints Company today announced that it will become a stand-alone company. The new entity will be renamed Canadian Industries Limited (CIL), honouring its deep heritage and mission of delivering architectural paint and stain product excellence and innovation to commercial and residential customers across Canada and commencing a new chapter of growth and investment in Canada.

For more than a century, the CIL brand has been trusted by Canadians for quality, innovation and locally made paints that brighten homes and communities from coast to coast. By reviving the legacy CIL name, the business underscores its commitment to Canadian customers, Canadian manufacturing, and a strong, independent future.

“Launching CIL as an independent Canadian company will allow us to move faster, serve customers better, and invest more intentionally in the Canadian market,” said Brian Carson, President and CEO, Pittsburgh Paints Co. “This is about growth and building on the strength of our DULUX^®, SICO^®, and BETONEL^® brands with a renewed focus on what Canadian customers need most.”

CIL also announced that Vince Rea will retire after more than three decades with the Company. Rea has successfully led CIL since 2019, having originally joined the company in 1989. His leadership over the years was critical in strengthening the Canadian business, stewarding its leading brands, and setting the company on a path for future growth as a standalone organization. He is succeeded by Brendan Demler, president and general manager, commercial, and Tim Fisher, president and general manager, retail, who will co-lead the company from it’s Vaughan, Ontario headquarters. In his retirement, Rea will continue to support CIL in an advisory capacity with Carson, Demler and Fisher to ensure a smooth transition with employees and customers.

“Tim and Brendan have been instrumental working in advisory roles this year in generating growth strategies – bringing a wealth of knowledge and fresh ideas to the team as it moves forward. Backed by a committed ownership group and an exceptional team, together they are primed to execute on new store openings and expanded retail and dealer partnerships that will enhance the customer experience,” said Vince Rea, President and General Manager, CIL. Regarding his retirement, Rea said, “When I first joined our organization, we proudly carried the CIL name and the Canadian legacy that came with it. It’s an honour to bring back that legacy and I am excited to support CIL’s next chapter under Tim and Brendan’s leadership.”

“Vince has guided our Canadian business with exemplary leadership, elevating the customer experience and cultivating a high-performing team committed to delivering the right products and exceptional service every day. We are grateful for his years of dedicated service,” said Carson. “He has laid the foundation for Tim and Brendan to build upon as they continue our investment in this incredible organization. We immensely value our Canadian business and have positioned it for its next chapter of growth with the leadership of Brendan and Tim, two excellent executives hand chosen to take CIL forward.”

With the most powerful portfolio of brands in the Canadian market – including Dulux, Sico, and Betonel paints – CIL is Canada’s largest paint company. Proudly manufacturing its products in Canada and employing over 1,500 Canadians, the Company continues to be deeply committed to investing in local communities as it builds for the future.

About Canadian Industries Limited

Serving the domestic market for more than 100 years, Canadian Industries Limited (“CIL”) is the largest manufacturer and distributor of paints and coatings in Canada. Headquartered in Vaughan, Ontario with operations coast-to-coast, CIL’s portfolio includes the industry’s most iconic and respected brands: DULUX^® (in Canada), SICO^®, and BETONEL^®. Products are available at independent retailers, 230+ DULUX^® company stores, RONA®, and THE HOME DEPOT®.

About The Pittsburgh Paints Company

With 125 years of product innovation, Pittsburgh Paints Co.’s portfolio includes some of the industry’s most iconic and respected brands: GLIDDEN^®, OLYMPIC^®, PITTSBURGH PAINTS & STAINS^®, LIQUID NAILS^®, Manor Hall^®, HOMAX^®, TRUEFINISH^®, MULCO^®, and FLOOD^®. Products are available at THE HOME DEPOT®, WALMART®, MENARDS®, LOWES®, independent retailers, and 750+ PITTSBURGH PAINTS CO. company stores. Pittsburgh Paints Co.’s headquarters is in Cranberry Township, Pennsylvania, located 20 minutes northeast of Pittsburgh, Pennsylvania. Learn more at pittsburghpaintsco.com and follow us on LinkedIn. #NewNameSameLegacy

Contacts

Media Contacts:


The Pittsburgh Paints Company
Jamie Altman & Katie Regan

media@kirkpat.com

CIL
Gail Bergman

gbergman@gailbergmanpr.com

LADERA RANCH, Calif.–(BUSINESS WIRE)–SmartStop Self Storage REIT, Inc. (“SmartStop”) (NYSE: SMA), an internally managed real estate investment trust and a premier owner and operator of self-storage facilities in the United States and Canada, announced the acquisition of a Class A self-storage facility located at 2255 Elizabeth Avenue in Rahway, New Jersey.

The property spans approximately 53,450 net rentable square feet in a modern, four-story building. It offers approximately 550 climate-controlled storage units, 11 RV parking units, and two elevators for convenient access. Strategically positioned, the facility is situated just 20 miles from Manhattan and five miles from Staten Island, offering prominent visibility and signage from Elizabeth Avenue.

The location also benefits from exposure along NJ TRANSIT’s Northeast Corridor and North Jersey Coast Line railways, which see nearly 100,000 average weekday passengers. The surrounding area is experiencing strong fundamentals, including a projected five-year population growth of 2.4%, ensuring continued demand for storage solutions. The facility will serve the neighborhoods of Clark, Port Reading, Iselin, Carteret, Woodbridge, Cranford, Linden, and Colonia.

“The combination of Class A construction, its close proximity to the dense Rahway residential community, and visibility from the regional rail line makes this facility an ideal fit for our strategy of acquiring and operating best-in-class self-storage assets in high-demand markets,” said Wayne Johnson, President and Chief Investment Officer of SmartStop Self Storage REIT, Inc.

About SmartStop Self Storage REIT, Inc. (SmartStop):

SmartStop Self Storage REIT, Inc. (“SmartStop”) (NYSE: SMA) is a self-managed REIT with a fully integrated operations team of more than 600 self-storage professionals focused on growing the SmartStop® Self Storage brand. SmartStop, through its indirect subsidiary SmartStop REIT Advisors, LLC, also sponsors other self-storage programs. As of September 4, 2025, SmartStop has an owned or managed portfolio of 236 operating properties in 23 states, the District of Columbia, and Canada, comprising approximately 170,500 units and 19.1 million rentable square feet. SmartStop and its affiliates own or manage 49 operating self-storage properties in Canada, which total approximately 41,800 units and 4.2 million rentable square feet.

Contacts

David Corak
SVP of Corporate Finance and Strategy

SmartStop Self Storage REIT, Inc.

IR@smartstop.com

NEW YORK–(BUSINESS WIRE)–Pretium, a specialized investment firm managing approximately $60 billion in assets, today announced the addition of Kim Larin as Chief Compliance Officer.

Kim is a seasoned compliance leader with nearly 30 years in the investment management industry. She joins Pretium from GLP Capital Partners, where she was Global Chief Compliance Officer. Prior to GLP, she spent nearly 20 years at Oaktree Capital Management, where she served as Head of Global Investment Compliance and then Deputy Chief Compliance Officer. Kim began her career as a compliance officer at Western Asset Management.

“We are thrilled to welcome Kim as our Chief Compliance Officer,” said Jeffrey Meriggi, Chief Business Affairs and Legal Officer of Pretium. “Her extensive experience in scaling and leading global compliance programs will be instrumental as we continue to grow the Pretium platform, including by expanding into new markets and developing innovative products that meet the evolving needs of our investors.”

“I am honored to join Pretium and contribute to its strong culture of compliance,” said Larin. “I look forward to working with this talented team to support the firm’s continued growth while upholding the highest standards for our clients, partners, and stakeholders.”

About Pretium

Pretium is a specialized investment firm focused on U.S. residential real estate, residential credit, and corporate credit. Pretium was founded in 2012 to capitalize on investment and lending opportunities arising as a result of structural changes, disruptions, and inefficiencies within the economy. Pretium has built an integrated analytical and operational ecosystem within the U.S. housing, residential credit, and corporate credit markets, and believes that its insight and experience within these markets create a strategic advantage over other investment managers. Pretium’s platform has approximately $60 billion in assets, comprising real estate investments across nearly 90 markets in the U.S., and employs approximately 7,000 people across 44+ offices, including its New York headquarters, Miami, London, Seoul, and Sydney. Please visit www.pretium.com for additional information.

Contacts

Media Contact
Brenna Karp

Pretium

Media@pretium.com

Strategic acquisition deepens DMA’s expertise in Property Tax, strengthens national presence

FORT WAYNE, Ind.–(BUSINESS WIRE)–DuCharme, McMillen & Associates, Inc. (DMA), a leading corporate tax services firm, today announced it has acquired Tax Advisors, PLLC (Tax Advisors), a Vancouver, Washington-based firm specializing in property tax minimization and advisory services for commercial and industrial properties. The acquisition aligns with DMA’s growth strategy, expanding its property tax consulting capabilities and providing enhanced value to clients across the United States and Canada.

Founded in 2000, Tax Advisors brings expertise in property tax and cost segregation/179D studies with a strong track record of delivering savings for hotels, senior living facilities, timeshares, retail centers, multi-family, and other classes of commercial real estate. Integrating these capabilities into DMA’s national platform will allow the clients of both firms to access a broader range of services, deeper bench strength, and enhanced geographic coverage.

“This acquisition furthers our commitment to delivering unmatched property tax expertise to our clients,” said Daniel Hutmacher, President/CEO of DMA. “Tax Advisors brings a high level of specialized expertise and a strong reputation in the property tax arena. By integrating their capabilities into our national platform, we’re not only expanding our geographic reach, but also deepening the value we deliver to clients through enhanced insights.”

Greg Damico, Managing Member and founder of Tax Advisors, added: “Joining forces with DMA enables us to provide our clients with expanded services and resources, while continuing the personalized approach and specialized expertise they have come to expect. We are excited about the opportunities this partnership creates for both our clients and our employees.”

ABOUT DMA

DuCharme, McMillen & Associates, Inc. (DMA) is a proudly employee-owned company with over 50 years of experience addressing corporate tax challenges. The firm specializes in property tax, transaction tax, VAT, credits and incentives, global tax technology, and unclaimed property. DMA’s tax and technical professionals collaborate cross-functionally to deliver comprehensive, end-to-end corporate tax solutions that enhance tax efficiency, ensure compliance, and mitigate liabilities across all jurisdictions.

By combining deep industry expertise with strategic tax and technology proficiency, DMA offers an integrated approach that serves as a seamless extension of our clients’ tax departments, providing compliance, tax recovery, audit defense, advisory services, planning, and technology integration.

Learn more at www.DMAinc.com.

ABOUT TAX ADVISORS

Tax Advisors, founded in 2000, is a Vancouver, Washington-based firm specializing in property tax reductions and cost segregation/179D studies for commercial and industrial properties. Known for working with real estate owners of various property types, including hotels, senior living facilities, commercial/industrial properties, timeshares, retail centers, multi-family, and more, the company serves clients across the United States.

Contacts

MEDIA CONTACT
Vicki Schneider

Executive Vice President, Marketing & Communications

+1 (317) 596-3260

vschneid@DMAinc.com

CASA GRANDE, Ariz. & TORONTO–(BUSINESS WIRE)–$ASCU #Arizona—Arizona Sonoran Copper Company Inc. (TSX:ASCU | OTCQX:ASCUF) (“ASCU” or the “Company”), an emerging US-based copper developer, acquired 2,123 acres of private land adjacent to the Cactus Project (see FIGURE 1), comprised of 2,043 acres from a consortium of related private corporate landowners (collectively, the “Consortium Land”) and completed on August 29, 2025, plus an additional 80-acre parcel (the “80-acre Parcel”) acquired from a single private corporate landowner on June 27, 2025. The Consortium Land together with the 80-acre Parcel (collectively, the “Purchased Lands”) are expected to provide the additional acreage necessary to support the anticipated development and operations plan for the Cactus Project, including the solvent extraction/electrowinning (“SX/EW”) plant infrastructure, leach pads and waste rock stockpiles (collectively, the “Project Plan”). All dollar amounts are in U.S. currency unless specified otherwise.

Highlights:

• Purchased Lands include all of the surface rights and all mineral rights held by the vendors
• Cactus Project consolidated land package now encompasses 7,843 acres
  • expected to meet supporting land requirements for the anticipated Project Plan
  • the Purchased Lands provide operational flexibility to support potential development of any incremental mineralization identified by future exploration and/or existing primary sulphide mineralization at the Cactus Project
• Average purchase price of approximately $49,200 per acre
  • ~6% of aggregate purchase price paid on closing, partially with ASCU common shares
  • payment of balance deferred over next 4 years under vendor carry back loans on favorable terms (collectively, as further described below, the “Vendor Loans”)
    • ~16% over next 3 years, with substantially equal amounts in each of 2026, 2027 and 2028, partially payable in ASCU common shares
    • remaining ~78% (plus accrued interest) due by August 29, 2029
    • unrestricted pre-payment rights with no penalty
    • average interest rate of 6% per annum, accruing and capitalized annually, and payable on maturity
• Project financing, planned as early as Q4/2026, with the intention to pre-pay the consortium Vendor Loans in full prior to maturity

See below for a detailed summary of principal transaction terms for the Purchased Lands.

George Ogilvie, ASCU President and CEO, “During the ongoing advancement of the pending Pre-Feasibility Study, it became evident that while the necessary water and mineral rights were in place, once the estimated mine life extended past year 15, additional acreage for eventual surface operations would be needed. We foresaw this potential and contemplated the acquisition of approximately 2,000 acres of additional private land within the 2024 Preliminary Economic Assessment. With the addition of the Purchased Lands, contiguous to the Cactus Project and of corresponding scale, we believe that all land requirements are now in place to support the anticipated Project Plan, including a significant heap-leach and SX/EW copper cathode operation. The acquisition of this land package consequently represents a major de-risking event for the Cactus Project, as well as providing additional real estate to potentially pursue development of the primary sulphide deposits and future exploration opportunities, within the previously held project properties. Additionally, the favorable structure, cost of capital, pre-payment rights and other principal terms of these land purchases, provide a financially manageable path forward for the Company and the Cactus Project through the remaining studies to project financing and an eventual final investment decision as early as Q4/2026. With the completion of these acquisitions, the overall average cost-per-acre of the Cactus Project private land package now stands at approximately $23,000, quite favourable considering the extent of the contiguous acreage of private lands acquired adjacent to the developing Casa Grande industrial area, and which includes the Parks/Salyer and Cactus deposits. This well-timed execution of the opportunity to purchase a contiguous 2,123-acre land package from known, local private property owners, is clearly a positive step forward for the Cactus Project. We welcome the Consortium Vendors as new supportive shareholders of the Company and as key stakeholders in the Cactus Project.”

PURCHASED LANDS

Consortium Land

On August 29, 2025, Cactus 110 LLC, an ASCU wholly-owned subsidiary (“Cactus 110”), signed and closed a real estate purchase and sale agreement with a consortium of related private corporate land owners (collectively, the “Consortium Vendors”) pursuant to which Cactus 110 purchased 2,043 acres (the “Consortium Transaction”). The Consortium Land includes 100% of the surface rights to such lands as well as all mineral rights held by the Consortium Vendors, representing approximately 80% of the underlying mineral title. The purchase price for the Consortium Land was $50,000 per acre (the “Consortium Purchase Price”), with $5 million paid on the closing ($2 million in cash and 1,549,487 common shares at a deemed price of C$2.66 per share, representing $3 million value equivalent) and the balance deferred subject to applicable Vendor Loans at an interest rate of six percent (6%) per annum accruing and capitalized annually, and payable on maturity in 2029, per the following schedule, with Cactus 110 having the right to pre-pay such loans, in whole or in part, at any time, without penalty:

2026		$5 million (up to $3 million in ASCU common shares, at Cactus 110’s sole option)
2027		$5 million (up to $2 million in ASCU common shares, at Cactus 110’s sole option)
2028		$5 million (up to $2 million in ASCU common shares, at Cactus 110’s sole option)
2029		subject any pre-payments, ~$82 million in deferred purchase price plus accrued, capitalized interest.

The Company anticipates having project financing for the Cactus Project in place as early as Q4/2026, a portion of which could be used to pre-pay the Consortium Vendors Loans, in full, in advance of maturity on August 29, 2029.

The number of ASCU common shares issued in each instance under the Consortium Transaction, in lieu of cash at Cactus 110’s sole option, will be determined using a 5-day volume weighted average trading price of ASCU common shares on the TSX immediately preceding the applicable payment due date, subject to customary TSX and other applicable regulatory approvals, and a statutory hold period under applicable securities laws. ASCU welcomes the Consortium Vendors as new shareholders of the Company and key stakeholders in the Cactus Project.

Each of the Consortium Vendor Loans are secured by deed of trust on their respectively sold portions of the Consortium Land (and fixtures thereon) and a deed of trust on the ~750 acre ARCUS lands already owned by Cactus 110. In addition, one of the Consortium Vendors will hold additional security for its Vendor Loan pursuant to a modified deed of trust on 1,000 acres purchased by Cactus 110 in 2022 (see FIGURE 1) from that Consortium Vendor (the“2022 Seller”), which remains subject to a final deferred purchase price payment of $5 million due, interest-free, by February 10, 2027 (the “2022 Property Loan”). The Consortium Vendor Loans are subject to cross-default with one another, and the 2022 Property Loan is subject to cross-default with the Vendor Loan from the 2022 Seller. Payment defaults under the Consortium Vendor Loans are subject to favourable cure periods of 30 days on the 2026, 2027, and 2028 payments and 90 days on the final payment due in 2029. A default on the final 2027 payment due under the 2022 Property Loan is subject to a favourable cure period of 60 days.

In addition to the Consortium Purchase Price, an aggregate 0.5% net smelter returns royalty (“NSR”) on the Consortium Land was granted to a designee of the Consortium Vendors, on terms consistent with other NSRs on the Cactus Project. Cactus 110 has a right of first refusal on any sale, transfer, assignment or other conveyance of the NSR by the Consortium Vendors’ designee, other than to an affiliate.

Upon any transfer or sale, whether voluntarily or involuntarily, directly or indirectly, of greater than fifty percent (50%) in Cactus 110 or the Cactus Project, prior to payment in full of the amounts due and owing under the Consortium Vendor Loans, such transferee(s)/purchaser(s) shall be required to acknowledge and affirm, in writing, the binding nature of the continuing applicable terms of the Consortium Transaction and the Consortium Vendor Loans.

The Consortium Transaction and related Vendor Loans are otherwise generally subject to customary terms and conditions for real estate transactions in Arizona.

80-acre Parcel

On June 27, 2025, Cactus 110 completed the purchase of the 80-acre Parcel, including 100% of the surface and underlying mineral rights, pursuant to a real estate purchase and sale agreement with a private corporate landowner (the “80-acre Vendor”) dated and effective as of April 29, 2025 (the “80-acre Purchase”). The 80-acre Purchase price was $30,000 per acre, with $1.2 million paid in cash on closing, with the remaining $1.2 million deferred subject to a non-interest-bearing Vendor Loan, to be paid in full in cash by maturity on June 27, 2026, with Cactus 110 having the right to pre-pay such loan, in whole or in part, at any time, without penalty. The 80-acre Vendor Loan is secured by deed of trust on the 80-acre Parcel (see FIGURE 1), under which Cactus 110 has up to 90 days to cure any payment or other default under the Vendor Loan. The 80-acre Purchase and related Vendor Loan is otherwise subject to customary terms and conditions for real estate transactions in Arizona.

Link from the press release:

FIGURE 1 (Map): https://arizonasonoran.com/projects/cactus-mine-project/press-release-images/

Neither the TSX nor the regulating authority has approved or disproved the information contained in this press release.

About Arizona Sonoran Copper Company (www.arizonasonoran.com | www.cactusmine.com)

ASCU is a copper exploration and development company with a 100% interest in the brownfield Cactus Project. The Project, on privately held land, contains a large-scale porphyry copper resource and a recent 2024 PEA proposes a generational open pit copper mine with robust economic returns. Cactus is a lower risk copper developer benefitting from a State-led permitting process, in place infrastructure, highways and rail lines at its doorstep and onsite permitted water access. The Company objective is to develop Cactus and become a mid-tier copper producer with low operating costs, that could generate robust returns and provide a long-term sustainable and responsible operation for the community, investors and all stakeholders. The Company is led by an executive management team and Board which have a long-standing track record of successful project delivery in North America complemented by global capital markets expertise.

Cautionary Statements regarding Forward-Looking Statements and Other Matters

Forward-Looking Statements

All statements, other than statements of historical fact, contained or incorporated by reference in this press release constitute “forward-looking statements” and “forward-looking information” (collectively, “forward-looking statements”) within the meaning of applicable Canadian and United States securities legislation. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as “advance”, “anticipated”, “assumptions”, “become”, “believe”, “could”, “delivery”, “de-risking”, “developer”, “development”, “emerging”, “estimated”, “eventual”, “expected”, “exploration”, “feasibility”, “flexibility”, “following”, “forward”, “future”, “generational”, “indicated”, “initial”, “intention”, “long-term”, “manageable”, “objective”, “opportunity”, “option”, “path”, “pending”, “plan”, “potentially”, “predict”, “preliminary”, “program”, “projected”, “proposes”, “pursue”, “required”, “rights”, “risk”, “study”, “subject to”, “will”, and “would”, or variations of such words, and similar such words, expressions or statements that certain actions, events or results can, could, may, should, would, will (or not) be achieved, occur, provide, result or support in the future, or which, by their nature, refer to future events. In some cases, forward-looking information may be stated in the present tense, such as in respect of current matters that may be continuing, or that may have a future impact or effect. Forward-looking statements include those relating to the payment of the Vendor Loans (including the allocation of cash and ASCU shares to make payments under the Consortium Vendor Loans, the related TSX and other required approvals, and any corresponding issuances of ASCU shares, accrual and corresponding payment of interest) and the satisfaction or enforcement of such and other terms of the Vendor Loans (including any pre-payment, re-payment, defaults or cure thereof, enforcement of security under the applicable deeds of trust or otherwise or recourse under the deeds of trust and enforcement thereof) and timing and implications of any thereof; payment of the 2022 Property Loan and the satisfaction or enforcement of such and other terms thereof; the benefits and other implications of the acquisition of the Purchased Lands (including that such lands will provide the additional land, acreage or real estate necessary to support, or the resulting consolidated land package will meet supporting land requirements for, the anticipated development and operations plan for the Cactus Project including the solvent extraction/electrowinning (or SX/EW) plant infrastructure, leach pads and waste rock stockpiles (or the Project Plan), or sufficient to meet the land requirements thereof or necessary to support potential development of any incremental mineralization identified by future exploration and/or existing primary sulphide mineralization at the Cactus Project (including any corresponding or resulting operational flexibility to do so) and any such pursuit and results thereof); future exploration (including identification of any incremental mineralization and any development thereof); any development of the primary sulphide mineralization; the pending PreFeasibility Study (or PFS) and other ongoing and future technical studies (including any definitive feasibility study) and the continuation, completion, execution, results and/or implications of such studies, and timing thereof; the Project Plan (including completion, land requirements and other details thereof); mine life or life of mine; project financing (including advancement thereof, getting such in place and available, terms and the timing thereof, and ability and/or decision to use the proceeds of any such financing to pre-pay the Vendor Loans); any final investment decision (including the outcome or execution, and timing thereof); the de-risking of the Cactus Project; the results of the 2024 PEA (including capital intensity, production, mine life (or life of mine), returns and other economics; and the Company’s objectives (including development of the Cactus Project, becoming a mid-tier copper producer with low operating costs, that could generate robust returns and provide a long-term sustainable and responsible operation for the community, investors and all stakeholders, and any other continuing or future successes). Although the Company believes that such statements are reasonable, there can be no assurance that those forward-looking statements will prove to be correct, and any forward-looking statements by the Company are not guarantees of future actions, results or performance. Forward-looking statements are based on assumptions, estimates, expectations and opinions, which are considered reasonable and represent best judgment based on available facts, as of the date such statements are made. If such assumptions, estimates, expectations and opinions prove to be incorrect, actual and future results may be materially different than expressed or implied in the forward-looking statements. The assumptions, estimates, expectations and opinions referenced, contained or incorporated by reference in this press release which may prove to be incorrect include those set forth or referenced in this press release, as well as those stated in the most recent technical report for the Cactus Project filed on August 27, 2024 (the “2024 PEA Technical Report”), the Company’s Annual Information Form dated March 27, 2025 (the “AIF”), Management’s Discussion and Analysis (together with the accompanying financial statements) for the year ended December 31, 2024 and the quarters already ended in 2025 (collectively, the “2024-25 Financial Disclosure”) and the Company’s other applicable public disclosure (collectively, “Company Disclosure”), all available on the Company’s website at www.arizonasonoran.com and under its issuer profile at www.sedarplus.ca. Forward-looking statements are inherently subject to known and unknown risks, uncertainties, contingencies and other factors which may cause the actual results, performance or achievements of ASCU to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such risks, uncertainties, contingencies and other factors include default under, and related enforcement of, the Vendor Loans and/or the 2022 Property Loan (including foreclosure and other remedies under the related security or applicable law); the Purchased Lands not providing sufficient additional land, acreage or real estate necessary to support the Project Plan, or being insufficient to meet the land requirements thereof or to potentially pursue development of the existing primary sulphide deposit and/or future exploration opportunities (including not providing any corresponding or resulting operational flexibility to do so) or at all and, in any event, that such pursuit thereof does not occur, in whole or in part and, if so, that the results do not meet expectations; future exploration not identifying any incremental mineralization or, if identified, development thereof not being economic and/or otherwise not meeting expectations, or otherwise not occurring at all; the existing primary sulphide mineralization not being economic and/or not being developed for other reasons or not otherwise not meeting expectations; defects in, contest over or other challenges to, or competing interests in surface and/or mineral title to, other interests in, or intended use of the Purchased Lands and other properties comprising the Cactus Project; the Company not securing project financing for the Cactus Project on the anticipated or an otherwise acceptable timeline, or on acceptable terms, or at all, and the consequences thereof (including inability to make payments under the Vendor Loans, on time or at all, and on making and the outcome of any final investment decision and timing thereof, if any decision at all); the inability to make the remaining payment under the 2022 Property Loan; the pending Pre-Feasibility Study and other ongoing and future technical studies (including any definitive feasibility study) not being consistent with the Company’s expectations (including the completion, execution, results and/or implications of such studies, and timing thereof; the results of the 2024 Preliminary Economic Assessment (or 2024 PEA) differing from the pending Pre-Feasibility Study (including, among other things, capital intensity, production, mine life (or life of mine), returns and other economics); and the accuracy of the current mineral resource estimates (or MRE) for the Cactus Project and the Company’s analysis thereof not being consistent with expectations (including but not limited to ore tonnage and ore grade estimates), and future MRE for the Cactus Project not being consistent with the current MRE or plans and/or models for the Cactus Project (see also further cautionary statements below under the heading “Mineral Resource Estimates”), among other risks, uncertainties, contingencies and other factors, including the “Risk Factors” in the AIF, and the risks, uncertainties, contingencies and other factors identified in the 2024 PEA Technical Report and the 2024-25 Financial Disclosure. The foregoing list of risks, uncertainties, contingencies and other factors is not exhaustive; readers should consult the more complete discussion of the Company’s business, financial condition and prospects that is provided in the AIF, the 2024-25 Financial Disclosure and other Company Disclosure. Although ASCU has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Forward-looking statements contained herein are made as of the date of this press release (or as otherwise expressly specified) and ASCU disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by applicable securities laws. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from forward-looking statements. Accordingly, readers should not place undue reliance on forward-looking statements. The forward-looking statements referenced or contained in this press release are expressly qualified by these Cautionary Statements as well as the Cautionary Statements in the AIF, the 2024 PEA Technical Report, the 2024-25 Financial Disclosure and other Company Disclosure.

Preliminary Economic Assessments

The Preliminary Economic Assessment (or 2024 PEA) referenced in this press release and summarized in the 2024 PEA Technical Report is only a conceptual study of the potential viability of the Cactus Project and the economic and technical viability of the Cactus Project has not been demonstrated. The 2024 PEA is preliminary in nature and provides only an initial, high-level review of the Cactus Project’s potential and design options; there is no certainty that the 2024 PEA will be realized. For further detail on the Cactus Project and the 2024 PEA, including applicable technical notes and cautionary statements, please refer to the Company’s press release dated August 7, 2024 and the 2024 PEA Technical Report, both available on the Company’s website at www.arizonasonoran.com and under its issuer profile at www.sedarplus.ca.

Contacts

Alison Dwoskin, Director, Investor Relations

647-233-4348

adwoskin@arizonasonoran.com

George Ogilvie, President, CEO and Director

416-723-0458

gogilvie@arizonasonoran.com