Latest funding round will accelerate the expansion of AI-powered maintenance and asset management platform as unplanned equipment downtime continues to cost industries billions annually.

SAN FRANCISCO–(BUSINESS WIRE)–#AI—MaintainX, the leading maintenance and asset management platform, announces today $150M in Series D funding. Key investors in this round include Bessemer Venture Partners, Bain Capital Ventures (BCV), D. E. Shaw Ventures, Amity Ventures, August Capital, Founders Circle Capital, Sozo Ventures, and Fifth Down Capital, as well as angel investors Rahul Mehta, co-founder of DST Global, and Dave McJannet, CEO of Hashicorp, among others. The new round of funding will allow MaintainX to expand its AI and machine health monitoring capabilities and partnerships, advance predictive maintenance solutions, and further develop enterprise asset management (EAM) capabilities. This investment brings the total raised to $254M while reaching a new valuation of $2.5B.

“Equipment failures cost companies $1.4 trillion annually, and many still rely on outdated tools. We built MaintainX to change that,” said Chris Turlica, CEO and Co-Founder of MaintainX. “In today’s unpredictable global environment where supply chain disruptions and external cost pressures are hard to control, our mission is more important than ever. I’m proud to see our customers offset external pressures by reducing unplanned asset downtime, parts, and labor costs while turning their frontline professionals into the knowledge workers they deserve to be with AI.”

MaintainX’s approach centers on amplifying human capability rather than replacing it. The platform puts AI-driven insights directly in the hands of both the technician on the shop floor and the executive in the boardroom – both of whom are accountable for uptime, safety, and performance. This human-AI collaboration approach transforms maintenance from reactive to proactive operational excellence.

This financing comes at a pivotal moment when industrial organizations face unprecedented pressure to maximize operational efficiency amid economic uncertainty, supply chain disruptions, and the ongoing shortage of skilled labor. As manufacturers and facility operators seek to extract optimal value from existing assets, MaintainX’s platform delivers the actionable insights needed to meet these converging challenges.

“MaintainX has achieved remarkable product-market fit by addressing a critical challenge that affects virtually every physical asset-driven industry,” said Byron Deeter, Partner at Bessemer. “What impressed us most was the overwhelmingly positive feedback from customers who have transformed their maintenance operations using the platform. Their AI-powered insights are what truly differentiates MaintainX in the market – this intelligent layer transforms raw operational data into predictive recommendations that drive unprecedented value creation. This investment reflects our confidence in Chris and MaintainX’s ability to lead the global digital transformation of maintenance and asset management.”

“Companies are increasingly turning to operational technology not just to improve performance, but to protect margins and preserve jobs,” said Merritt Hummer, Partner at BCV. “MaintainX is driving this shift, transforming maintenance from a manual, reactive process into a data-rich, AI-powered advantage. Their platform doesn’t just streamline workflows; it introduces a new operating model where AI surfaces insights, predicts failures, and unlocks entirely new revenue streams and efficiencies. This is a step-change in how businesses manage assets and plan for the future.”

The company will use the investment to:

• Advance its AI-powered asset and work intelligence capabilities.
• Expand its machine health monitoring capabilities and ecosystem of partners to capture real-time operational data through a sensor-agnostic approach that works with any industrial sensor or control system.
• Accelerate market expansion across key industries and geographic regions.
• Attract top talent to support its product roadmap while helping customers address the industrywide skilled labor shortage through more intuitive, AI-assisted workflows.

“With MaintainX AI, it is even easier to digitize our preventive maintenance workflows, and our technicians can now use CoPilot to get accurate, real-time answers the moment they need them instead of having to dig through lengthy manuals and data – it’s like having an expert on hand 24/7 to guide our team through any task. MaintainX has quickly become a trusted resource for our maintenance operations and has a big impact on the training and onboarding of our technicians,” said Jeremiah Dotson, Facility Maintenance Manager, Amfab Steel, Inc.

Since its founding in 2018, MaintainX has achieved significant milestones and impact in the industry, including:

• Serving over 11K companies worldwide, managing 11M+ assets across manufacturing, facilities management, food and beverage, distribution centers, and more.
• Helping customers achieve key success metrics, including reducing unplanned downtime by 34%, increasing production capacity by 15%, and achieving up to 32% savings in monthly maintenance costs.
• Processing over 27M work orders and 370K+ safety procedures annually.
• Recognized for innovation, including ranking in the top 50 of the Deloitte Technology Fast 500, as the #1 Enterprise Asset Management and CMMS provider in G2’s Summer 2025 Report, and as a Leader in the Verdantix 2025 Green Quadrant CMMS Report.

About MaintainX

Headquartered in San Francisco, MaintainX is a technology company pioneering a next-generation approach to AI-powered maintenance and asset management. It empowers frontline teams to reduce unplanned equipment downtime and boost production capacity. MaintainX leverages AI and IoT to connect asset and work intelligence data, providing real-time insights that drive proactive maintenance and operational excellence for customers across physical asset-driven industries. MaintainX operates in North America with additional support worldwide. MaintainX is reimagining how maintenance and operations can be designed and managed to address the realities of today and the future ahead. For more information, visit www.maintainx.com.

MaintainX is actively hiring for numerous roles and seeks talented individuals ready to join our team. Those interested in building the future of maintenance and asset management can search open roles and apply here.

MaintainX® is a registered trademark of MaintainX Inc.

About Bessemer Venture Partners

Bessemer Venture Partners helps entrepreneurs lay strong foundations to build and forge long-standing companies. With more than 145 IPOs and 300 portfolio companies in the enterprise, consumer and healthcare spaces, Bessemer supports founders and CEOs from their early days through every stage of growth. Bessemer’s global portfolio has included Pinterest, Shopify, Twilio, Yelp, LinkedIn, PagerDuty, DocuSign, Wix, Fiverr Toast and ServiceTitan and currently has more than $19 billion of assets under management. Bessemer has investment teams located in Tel Aviv, Silicon Valley, San Francisco, New York, London, Hong Kong, Boston, and Bangalore. Born from innovations in steel more than a century ago, Bessemer’s storied history has afforded its partners the opportunity to celebrate and scrutinize its best investment decisions (see Memos) and also learn from its mistakes (see Anti-Portfolio).

About Bain Capital Ventures

Bain Capital Ventures (BCV) is a multi-stage VC firm with over $10B under management. Investing across seven core domains—AI applications, AI infrastructure, commerce, fintech, healthcare, industrials and security, BCV offers distinctive access to Bain Capital’s broader industry expertise and portfolio of companies. For over 20 years, BCV has invested from seed through IPO and acquisition, backing more than 400 companies including Attentive, Bloomreach, Clari, Docusign, Flywire, LinkedIn, Moveworks, Redis, Rubrik and ShipBob.

Contacts

For media inquiries: press@getmaintainx.com

Investment included participation by global professional services firm, Hatch, and existing investors across Canada including Oxford Properties, Dorsay Development Corporation, and LandSure Systems Ltd.

TORONTO–(BUSINESS WIRE)–R-LABS, the real estate venture builder dedicated to co-creating and scaling companies that address the industry’s most pressing problems, announced today it has raised $3.5M (CAD) and expanded its partnership capabilities. The raise was led by Hatch, a global engineering, project delivery, and professional services firm and was joined by existing investors Oxford Properties, Dorsay Development Corp, and LandSure Systems Ltd.

The funds will expand R-LABS’ capabilities to co-found new companies with experienced entrepreneurs addressing Canada’s most complex sector challenges, particularly in housing affordability, climate resiliency, complete communities, and building optimization.

Beyond the investment, R-LABS welcomes Hatch as a partner to its ecosystem, joining a partnership of other leading innovative corporations and institutions across the real estate sector. In joining R-LABS, Hatch brings its global network of 10,000 professionals tackling some of the world’s most complex urban systems, infrastructure, and environmental challenges to growing new ventures in the R-LABS ecosystem.

“The challenges in real estate, housing, resilience, and economic productivity are not what is defining Canada today,” said George Carras, Founder and CEO of R-LABS. “What is defining us is how we are choosing to tackle them and this investment from Hatch adds world-class engineering strength to our growing collaborative partnership, accelerating bold ideas and uniting innovators, institutions, industry leaders, and game-changing entrepreneurs who are committed to building the next generation of great Canadian companies.”

“As entrepreneurs with a technical soul, Hatch welcomes the opportunity to contribute to the success of R-LABS. This is a great platform for us to combine our strengths with wonderful partners to tackle some of Canada’s—and the world’s—biggest challenges,” said John Bianchini, Chair and CEO, Hatch. “By joining R-LABS’ ecosystem, we’re unlocking new opportunities alongside other leading and innovative real estate companies making real impacts, helping solve climate change and realizing better places and outcomes for people.”

Examples of companies co-created with R-LABS include Assembly, a modular housing company providing turnkey sustainable wood construction solutions in urban markets for both market and affordable housing, and NOAH, an advanced flood risk platform helping insurers, lenders, and property owners understand and manage flood risk with patentable physics-based flood simulations, and unmatched hyperlocal data. Today’s funding announcement will further support emerging companies and founders who are driving innovation in housing affordability, climate resiliency, and building optimization across Canada.

“Addressing the housing crisis demands a bold rethinking of how we plan, design, and deliver new communities,” said Geoffrey Grayhurst, CEO, Dorsay Development Corp. “At Dorsay, we believe that lasting solutions come from collaboration — bringing together visionary partners who prioritize both environmental responsibility and social impact. Our investment in R-LABS reflects our commitment to advancing innovative ideas that strengthen communities and shape a more resilient future for the real estate industry.”

R-LABS is a unique partnership structure designed for long-term alignment providing forward-thinking corporations and institutions the opportunity to create strategic enterprise value through venture building and investment. R-LABS’ ecosystem of industry and limited partners includes 23 corporations and institutions across the broader real estate sector and is expanding its partnership in 2025 with strategic capabilities from engineering, construction, multi-family development, banking, finance, services, and technology.

To learn more, visit https://rlabs.ca/partners/.

About R-LABS

R-LABS is The Real Estate Industry Venture Builder, established in 2018 as a partnership of innovative corporations, institutions, industry organizations and game-changing entrepreneurs to build and grow great companies that solve major problems in real estate and housing. www.rlabs.ca

About Hatch

Whatever our clients envision, our teams can design and build. With over six decades of business and technical experience in the mining, energy, and infrastructure sectors, we know your business and understand that your challenges are changing rapidly. We respond quickly with solutions that are smarter, more efficient, and innovative. We draw upon our 10,000 staff with experience in over 150 countries to challenge the status quo and create positive change for our clients, our employees, and the communities we serve. Find out more on www.hatch.com.

Contacts

For more information:
Linda North

NorthPR

416-708-8012 | linda@northpr.ca

Continued collaboration to deliver excellence in asset management in support of cost and resource savings efforts across the northernmost reaching Canadian territory

FRAMINGHAM, Mass. & NUNAVUT, Canada–(BUSINESS WIRE)–Ameresco, Inc. (NYSE: AMRC), a leading energy solutions provider dedicated to helping customers navigate the energy transition, today announced a contract renewal with the Government of Nunavut for an enterprise asset management software subscription paired with professional services.

The Government of Nunavut has partnered with Ameresco since 2014, leveraging the AssetPlanner^® platform to efficiently manage thousands of assets situated across nearly 2 million square kilometers of Arctic territory. Their geographically dispersed portfolio includes over 1,200 buildings and over 2,500 vehicle and equipment assets. Each asset is managed within AssetPlanner allowing staff to effectively and efficiently manage the expansive portfolio.

Ameresco delivers industry-leading enterprise asset, energy, and facility management solutions as part of its comprehensive portfolio. The company’s proprietary AssetPlanner^® platform, combined with strategic advisory services, enables customers to streamline planning and budgeting, prioritize investment and optimize maintenance and energy costs. As a trusted full-service partner, Ameresco empowers organizations with actionable insights and data-driven decision making to optimize and prioritize portfolio investments.

“Our previously disparate data is captured within a single system, enabling data-informed reporting, analysis, and prioritization,” said Paul Diamond, Director, Facility Management at Government of Nunavut. “This renewal and continued investment in the AssetPlanner system and Ameresco’s advisory services will continue to provide us with critical tools to support the capital planning, tactical maintenance management, and proactive energy management of our vast portfolio.”

The renewed software-as-a-service (SaaS) contract includes a subscription to the AssetPlanner^® software for the territory’s portfolio and professional advisory services including robust virtual and on-site training and support package. Tracking over 3 billion square feet of real estate data, AssetPlanner^® is Ameresco’s signature enterprise asset management platform. Empowering customers with data-driven insights has enabled organizations to optimize operational asset performance, achieve deep energy savings and carbon reduction while reducing the ‘total cost of ownership’.

“We’ve been honored to partner with the Government of Nunavut to help them address their asset management needs to drive operational resilience,” Tim Dettlaff, Senior Vice President, and General Manager, Ameresco. “This renewed engagement will continue to provide their staff with industry-leading tools to manage their vast asset inventory and enable informed decision making to help measure risk, reliability, and resiliency across their expansive portfolio.”

To learn more about complete suite of asset and energy information tools offered by Ameresco’s, visit https://www.ameresco.com/asset-planning-software-solutions/.

About Ameresco, Inc.

Founded in 2000, Ameresco, Inc. (NYSE:AMRC) is a leading energy solutions provider dedicated to helping customers reduce costs, enhance resilience, and decarbonize to net zero in the global energy transition. Our comprehensive portfolio includes implementing smart energy efficiency solutions, upgrading aging infrastructure, and developing, constructing, and operating distributed energy resources. As a trusted full-service partner, Ameresco shows the way by reducing energy use and delivering diversified generation solutions to Federal, state and local governments, utilities, educational and healthcare institutions, housing authorities, and commercial and industrial customers. Headquartered in Framingham, MA, Ameresco has more than 1,500 employees providing local expertise in North America and Europe. For more information, visit www.ameresco.com.

The announcement of a customer’s contract is not necessarily indicative of the timing or amount of revenue from such contract, of Ameresco’s overall revenue for any particular period or of trends in Ameresco’s overall total backlog.

Contacts

Media Contact:
Ameresco: Leila Dillon, 508-661-2264, news@ameresco.com

• Complements DXP’s rotating equipment division
• Adds scale, and enhanced capabilities
• Full-service rotating equipment service & repair capabilities

HOUSTON–(BUSINESS WIRE)–#DXPE—DXP Enterprises, Inc. (NASDAQ: DXPE) today announced that it has completed the acquisition of Moores Pump & Services, Inc. (“Moores”). Founded in 1972, Moores is headquartered and operates in Broussard, Louisiana, servicing the Gulf Coast region of the U.S. Moores is a leading provider of products and services including fabrication and repairs of rotating equipment and pumping systems. DXP funded the acquisition with cash from the balance sheet.

“We are pleased to announce the acquisition of Moores and welcome the employees of Moores to the DXP team. With Moores, we continue to build on our strategy of providing a breadth of technical products and services on the regional and local level. With the closing of Moores, we have completed three acquisitions in fiscal 2025. Each company provides DXP with exceptional management teams that enhance our ability to collaborate and serve our customers, vendors, and other stakeholders. These acquisitions are consistent with our growth strategy and demonstrate our commitment to expanding DXP as well as maintaining our leading position as the largest distributor of rotating equipment in North America,” commented David Little, Chairman, and Chief Executive Officer of DXP.

The signing of the definitive agreement occurred on July 1, 2025. Moores sales and adjusted EBITDA for the last twelve months ending May 30, 2025, were approximately $10.3 million and $1.8 million, respectively. Adjusted EBITDA was calculated as income before tax, plus interest, plus depreciation and amortization, plus non-recurring items.

Kent Yee, Chief Financial Officer, stated, “Moores complements DXP’s end markets and enhances a geographic region we have historically served, adding scale and capabilities for us in the Gulf Coast region. We have completed three acquisitions year-to-date which produced over $37.9 million in revenue in 2024. We look forward to executing further our acquisition strategy during the second half of 2025. We anticipate this acquisition to be accretive to earnings and further expand our Rotating Equipment division. This transaction will be positive for Moores and DXP’s customers, employees, and shareholders.”

About DXP Enterprises, Inc.

DXP Enterprises, Inc. is a leading products and service distributor that adds value and total cost savings solutions to industrial customers throughout the United States, Canada, Mexico, and Dubai. DXP provides innovative pumping solutions, supply chain services and maintenance, repair, operating and production (“MROP”) services that emphasize and utilize DXP’s vast product knowledge and technical expertise in rotating equipment, bearings, power transmission, metal working, industrial supplies and safety products and services. DXP’s breadth of MROP products and service solutions allows DXP to be flexible and customer-driven, creating competitive advantages for our customers. DXP’s business segments include Service Centers, Innovative Pumping Solutions and Supply Chain Services. For more information, go to www.dxpe.com.

The Private Securities Litigation Reform Act of 1995 provides a “safe harbor” for forward-looking statements. Certain information included in this press release (as well as information included in oral statements or other written statements made by or to be made by the Company) contains statements that are forward-looking. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future; and accordingly, such results may differ from those expressed in any forward-looking statement made by or on behalf of the Company. These risks and uncertainties include but are not limited to; ability to obtain needed capital, dependence on existing management, leverage, and debt service, domestic or global economic conditions, and changes in customer preferences and attitudes. In some cases, you can identify forward-looking statements by terminology such as, but not limited to, “may,” “will,” “should,” “intend,” “expect,” “plan,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “goal,” or “continue” or the negative of such terms or other comparable terminology. For more information, review the Company’s filings with the Securities and Exchange Commission.

Contacts

Kent Yee

Senior Vice President CFO

713-996-4700 – www.dxpe.com

The number of Redfin.com users based in Canada searching for U.S. homes to rent or buy fell 26.4% from a year earlier in May. That’s a sign that fewer Canadians are moving south of the border or seeking vacation homes in once-popular destinations like Miami and Phoenix.

SEATTLE–(BUSINESS WIRE)–(NASDAQ: RDFN) — Fewer Canadians are searching for homes in the United States than they were at the start of 2025, before the U.S. instituted steep tariffs on Canada and relations between the two countries started suffering. This is according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage.

The number of Canadian Redfin.com users searching for homes in the U.S. on Redfin.com dropped 26.4% year over year in May. For comparison, the total number of prospective buyers and renters searching on Redfin.com declined, too, but by a fraction of the amount.

Canadians searching for homes in U.S. destinations started declining significantly in February, when the White House implemented 25% tariffs on imports from Canada and Mexico. The drop was especially steep in April, the month the Trump administration announced its vast global tariff policy, falling 34.2% year over year.

This is according to an analysis of the number of Redfin.com users based in Canada searching for homes for sale and for rent in the United States. The data is based on unique users, i.e. the number of different people who access U.S. home listings on Redfin.com or the Redfin app within a defined period; that user is counted only once for the period.

The decline in Canada-based searches for U.S. homes coincides with some Canadians growing disillusioned with the United States. Shortly after President Trump took office in January, he instituted high tariffs on goods from Canada, and made comments about making Canada the “51st state.” In addition to trade concerns, the Canadian dollar has been relatively weak this spring, making it harder for Canadians to afford already-expensive U.S. real estate.

“Normally I work with about five Canadian buyers each spring, mostly older folks looking for a second home. This year, there were none,” said Heather Mahmood-Corley, a Redfin Premier agent in Phoenix. “I actually helped a Canadian sell their Phoenix home earlier this year. People from Canada are retreating from owning real estate in the U.S. because of political tensions; some of them are worried it will no longer be practical to travel back and forth between the two countries, and some don’t want their money tied up in the U.S. But also, we’re not seeing as many snowbird buyers in general; I’ve noticed older people are more concerned about their stock portfolios and 401Ks as the economy fluctuates.”

Historically, Canadians have made up the largest portion of international homebuyers in the U.S. In 2024, for instance, Canadians made up 13% of foreign buyers, snapping up $5.9 billion worth of U.S. real estate, according to reports.

Fewer Canadians Are Searching For Homes in Nearly Every Major U.S. Metro Area

On a metro level, fewer Canadians are searching for homes in all but two of the 50 largest U.S. metros. The biggest declines in Canadians looking for U.S. homes are in big cities: Canadians searching in Houston dropped 55.2% year over year in May, and dropped 53% in Philadelphia and 47% in Chicago.

Significantly fewer Canadians are searching in warm places that typically attract a lot of Canada-based second-home buyers. The number of Canadians searching for homes in both Miami and Orlando declined by about 30% year over year in May. Canada-to-Phoenix and Canada-to-Riverside (Palm Springs), CA both declined by about 23%.

“I haven’t worked with a Canadian buyer in at least a year,” said Marsha McMahon-Jones, a Redfin Premier agent in Palm Springs. “I’m in touch with a few potential buyers, but they’re staying put in Canada for now with the idea of potentially making a move if and when Canada-U.S. relations improve. I haven’t heard of any Canadians who already live here part of the year listing their Palm Springs home, though.”

Those second-home destinations followed a similar pattern as Canada-to-U.S. Redfin.com users overall, with sharp dips in April and slightly smaller but still significant dips in May.

It’s worth noting that the housing market in Florida, a popular destination for Canadian buyers, has cooled for American and foreign buyers alike. Fewer people are interested in buying homes in Florida—particularly coastal parts of the state—as insurance costs soar and climate disasters intensify. Housing markets in Phoenix and Riverside have also cooled, though to a lesser extent.

To view the full report, including chart and a metro-level summary, please visit: https://www.redfin.com/news/canada-to-united-states-house-hunters

About Redfin

Redfin (www.redfin.com) is a technology-powered real estate company. We help people find a place to live with brokerage, rentals, lending, and title insurance services. We run the country’s #1 real estate brokerage site. Our customers can save thousands in fees while working with a top agent. Our home-buying customers see homes first with on-demand tours, and our lending and title services help them close quickly. Our rentals business empowers millions nationwide to find apartments and houses for rent. Since launching in 2006, we’ve saved customers more than $1.8 billion in commissions. We serve approximately 100 markets across the U.S. and Canada and employ over 4,000 people.

Redfin’s subsidiaries and affiliated brands include: Bay Equity Home Loans®, Rent.™, Apartment Guide®, Title Forward® and Walk Score®.

For more information or to contact a local Redfin real estate agent, visit www.redfin.com. To learn about housing market trends and download data, visit the Redfin Data Center. To be added to Redfin’s press release distribution list, email press@redfin.com. To view Redfin’s press center, click here.

Contacts

Contact Redfin

Redfin Journalist Services:

Isabelle Novak

press@redfin.com

TORONTO–(BUSINESS WIRE)–RioCan Real Estate Investment Trust (“RioCan”) (TSX: REI.UN) today announced that it is scheduled to release its financial and operational results for the three and six months ended June 30, 2025, after the market closes on Thursday, August 7, 2025.

Interested parties are invited to participate in a conference call with management on Friday, August 8, 2025 at 10:00 a.m. Eastern time. To access the conference call, click on the following link to register at least ten minutes prior to the scheduled start of the call: Pre-registration link. Participants who pre-register prior to the call will receive an email with dial-in credentials including login passcode and PIN to gain immediate access to the live call. Those that are unable to pre-register may dial-in for operator assistance by calling 1-833-950-0062 and entering the access code: 830267.

A live webcast will also be available in listen-only mode. To access the simultaneous webcast, go to the following link on RioCan’s website: Events and Presentations and click on the link for the webcast.

If you cannot participate in the live mode, a replay will be available for one week following the date of the live conference call. To access the replay, please dial 1-866-813-9403 followed by the access code: 781825.

About RioCan

RioCan is one of Canada’s largest real estate investment trusts. RioCan owns, manages and develops retail-focused, mixed-use properties located in prime, high-density transit-oriented areas where Canadians want to shop, live and work. As at March 31, 2025, our portfolio is comprised of 177 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

Real takes a major step toward its mission of simplifying life’s most complex transaction for agents and their clients

MIAMI–(BUSINESS WIRE)–$REAX #PropTech–The Real Brokerage Inc. (NASDAQ: REAX), a technology platform reshaping real estate for agents, home buyers and sellers, today announced its acquisition of the AI-powered consumer home search portal and related technology assets of Flyhomes. Concurrently, Real has made an equity investment in Flyhomes to support Flyhomes’ evolution into a wholesale mortgage lender focused on modern home financing solutions.

The acquisition marks a significant step forward in Real’s mission to simplify the home buying process and enhance the agent and client experience through seamless, AI-driven technology. In the coming months, Flyhomes’ consumer portal, built with deep MLS integrations, real-time market insights and an intuitive user-friendly interface, will be integrated into Real’s forthcoming consumer-facing product, Leo for Clients, an AI-powered platform designed to simplify the buying and selling journey for clients. This consumer experience will serve as a natural extension of Real’s AI-powered assistant for real estate agents, Leo, which was designed to deliver context-aware, real-time support for agents and now answers thousands of questions daily.

Through its subsidiary One Real Mortgage, Real will also offer Flyhomes’ flagship “Buy Before You Sell” financing solutions to agents and their clients. This integration represents another move forward in Real’s strategy to streamline the transaction process, empowering agents to offer more flexible, client-first mortgage products that align with modern homeownership goals.

“By bringing Flyhomes’ consumer technology under the Real umbrella, we’re combining the best in real estate innovation to deliver a seamless, AI-powered experience—designed around people—for both agents and consumers,” said Tamir Poleg, Chairman and CEO of Real. “We’re also excited to offer Flyhomes’ ‘Buy Before You Sell’ products through One Real Mortgage, giving our agents and their clients more flexibility and control on their path to homeownership. It’s another step forward in simplifying the real estate transaction.”

Real’s proprietary agent-facing software platform, reZEN, was built entirely in-house and now powers more than 120,000 transactions annually. With the integration of Flyhomes’ consumer platform and engineering team, Real gains market-tested technology and skilled R&D talent with deep real estate domain expertise to elevate the client experience.

“This acquisition allows us to connect the dots between agent tools, client experience and transaction flow, all in one intelligent ecosystem,” said Pritesh Damani, Chief Technology Officer at Real. “With Leo and reZEN already transforming how agents operate, we now have the foundation in place to bring that same level of intelligence to buyers and sellers through a consumer interface that’s intuitive, personalized and deeply integrated.”

“We built the world’s first purpose-built AI home search portal to challenge the status quo and deliver a fundamentally smarter home search and research experience,” said Tushar Garg, Co-Founder and CEO of Flyhomes. “Its performance and the ingenuity of the engineering team behind it have exceeded all expectations, proving the platform’s potential to transform the consumer experience. As we focus on scaling our ‘Buy Before You Sell’ financial products nationwide through the wholesale mortgage channel, we made the strategic decision to transition the portal and the team to the best environment for continued growth. Real is uniquely positioned to take it forward, with the vision, agent network and technology infrastructure to fully unlock its potential.”

Both the acquisition and investment were funded with existing cash on hand and are not expected to have a material impact on Real’s financial results.

About Real

Real (NASDAQ: REAX) is a real estate experience company working to simplify life’s most complex transaction. The fast-growing company combines essential real estate, mortgage and closing services with powerful technology to deliver a single seamless end-to-end consumer experience, guided by trusted agents. With a presence in all 50 states throughout the U.S. and Canada, Real supports over 27,000 agents who use its digital brokerage platform and tight-knit professional community to power their own forward-thinking businesses. Additional information can be found on its website at www.onereal.com.

Forward-Looking Statements

Some of the statements in this press release are “forward-looking statements,” as that term is defined in the Private Securities Litigation Reform Act of 1995, including statements regarding the impact of the acquisition and investment, the integration of Flyhomes’ technology into Real’s platform, and Real’s consumer-facing product, Leo for Clients. Forward-looking statements are subject to risks, uncertainties and assumptions, including the risk that Real’s consumer-facing product may not be launched as expected or may not include its anticipated features, and the risk that the integration of these technologies may face unforeseen challenges. Actual results may differ materially from those expressed or implied in these statements due to various factors, including, but not limited to, market conditions, regulatory changes, operational challenges, and other risks as detailed under the heading “Risk Factors” in the Company’s Annual Information Form dated March 6, 2025, and “Risks and Uncertainties” in the Company’s Quarterly Management’s Discussion and Analysis for the period ended March 31, 2025, copies of which are available under the Company’s SEDAR+ profile at www.sedarplus.ca. The Company undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date of this press release, except as required by applicable law. It is not possible for management to predict all the possible risks that could affect Real or to assess the impact of all possible risks on Real’s business.

Contacts

Investor inquiries, please contact:

Ravi Jani

Chief Financial Officer

investors@therealbrokerage.com
908.280.2515

For media inquiries, please contact:

Elisabeth Warrick

Senior Director, Marketing, Communications & Brand

press@therealbrokerage.com
201.564.4221

Houston-based team, led by industry veteran Patrick Winsey, brings 30 agents and more than 500 home sales annually to Real

MIAMI–(BUSINESS WIRE)–$REAX #therealbrokerage–The Real Brokerage Inc. (NASDAQ: REAX), a leading real estate technology platform redefining the industry through innovation and culture, today announced that The Legacy Collective, one of Houston’s top-performing real estate teams, has joined the company. Led by industry veteran Patrick Winsey, the 30-agent team averages more than 500 home sales each year, with an annual transaction volume exceeding $100 million.

Founded nearly a decade ago by Winsey and his wife Jemila Winsey, The Legacy Collective – formerly Legacy Living Real Estate – has built its reputation on a culture of mentorship, flexibility and community. This agent-first approach has fueled the team’s success, earning it a place on the Inc. 5000 list and recognition from Real Trends as one of the top 1.5% of real estate teams nationally. In 2024, the team was recognized by the National Association of Real Estate Brokers as the No. 1 Black-Owned Brokerage in Texas and No. 2 in the U.S.

In joining Real, Winsey believes The Legacy Collective is now positioned for unprecedented growth.

“Joining Real is the best move for The Legacy Collective. It allows us to take everything we already do well in terms of mentorship, coaching and agent development, while providing our agents with an unmatched technology platform, healthcare offerings and stock incentives – everything they not only want but need to thrive,” he said. “This move puts our brokerage on steroids.”

In welcoming The Legacy Collective to Real, Tamir Poleg, Chairman and CEO of Real, said: “Patrick’s leadership and Legacy’s results speak for themselves. He’s built a culture of empowerment that aligns perfectly with Real’s vision. We’re proud to welcome Patrick and his entire team to Real. Together, we’ll deliver even more value to agents and clients in the Houston metro area and beyond.”

About Real

Real (NASDAQ: REAX) is a real estate experience company working to make life’s most complex transaction simple. The fast-growing company combines essential real estate, mortgage and closing services with powerful technology to deliver a single seamless end-to-end consumer experience, guided by trusted agents. With a presence in all 50 states throughout the U.S. and Canada, Real supports over 27,000 agents who use its digital brokerage platform and tight-knit professional community to power their own forward-thinking businesses. Additional information can be found on its website at www.onereal.com.

Forward-Looking Statements

Some of the statements in this press release are “forward-looking statements,” as that term is defined in the Private Securities Litigation Reform Act of 1995, including statements regarding agent growth. These forward-looking statements are subject to risks, uncertainties and assumptions, including the risk of slowdowns in real estate markets, economic and industry downturns and Real’s ability to attract new agents and retain current agents. Accordingly, these forward-looking statements should be evaluated with consideration given to the many risks and uncertainties that could cause actual results and events to differ materially from those in the forward-looking statements. They include the risks discussed under the heading “Risk Factors” in the Company’s Annual Information Form dated March 6, 2025, and “Risks and Uncertainties” in the Company’s Quarterly Management’s Discussion and Analysis for the period ended March 31, 2025, copies of which are available under the Company’s SEDAR+ profile at www.sedarplus.ca. It is not possible for management to predict all the possible risks that could affect Real or to assess the impact of all possible risks on Real’s business.

Contacts

Investor inquiries, please contact:

Ravi Jani

Chief Financial Officer

investors@therealbrokerage.com
908.280.2515

For media inquiries, please contact:

Elisabeth Warrick

Senior Director, Marketing, Communications & Brand

press@therealbrokerage.com
201.564.4221

• Five-year high: Calls from homeowners to lawyers about foreclosure surge
• More than 70 percent of homeowners and buyers worry a recession and tariffs will derail homeownership plans
• 44 percent of homeowners regret not using a lawyer during the homebuying process to protect their asset

ADA, Okla.–(BUSINESS WIRE)–Legal requests related to foreclosures have reached their highest level in five years, coinciding with a new LegalShield survey showing that more than 70 percent of homeowners and prospective buyers worry that a potential recession and tariffs could disrupt their housing plans.

LegalShield also saw a marked drop in inquiries related to home purchases and housing construction, suggesting a potential slowdown in the overall housing market.

“The hard data from consumers calling lawyers matches their fears about the economy: their homes are at risk and things may get worse,” said Warren Schlichting, LegalShield CEO. “The other concerning finding is a drop in consumers asking for help to buy a home and a decline in questions from builders.”

Foreclosure Surge Reflects Mounting Economic Strain

Calls to LegalShield provider lawyers about foreclosures spiked in May to the highest level since April 2020.

“Our data highlights a convergence of pressures: buyers from the homebuying surge a few years ago want help with rising insurance premiums, property tax reassessments, and adjustable-rate mortgage resets,” said Matt Layton, senior vice president of consumer analytics. “People are reaching out to LegalShield provider lawyers to save their homes, and they’re scared of the next shoe to drop in the economy.”

Signs of the Times: Home Sales and Construction Inquiries Sink

In a potential sign of a coming slowdown in housing transactions and construction, LegalShield saw significant declines in inquiries about buying and selling existing homes and home building.

LegalShield fields approximately 150,000 calls monthly from consumers nationwide covering more than 90 areas of law, including real estate-related issues.

In May, legal activity related to housing sales fell to its lowest level since July 2023, the last time the Federal Reserve raised interest rates. Both buyers and sellers face mounting friction amid affordability challenges due to mortgage rate uncertainty, elevated home prices and inventory challenges.

LegalShield’s Housing Construction Index, which tracks closely with Housing Starts reported by the U.S. Census Bureau, is now at its lowest level since March 2020 and down 4.1% this year suggesting a potential slowdown in new home building.

Legal Problems Driving Buyers Away

The nationwide survey, conducted in May, found that over a third of current homeowners (38%) experience costly legal issues related to their property, and 30% of all respondents have walked away from buying a home due to preventable legal problems. Homeowners say they regret not consulting an attorney in their homebuying process (44%).

“Perhaps now more than ever, consumers need to consider how to protect themselves and their asset if they are able to buy a home in the midst of these economic headwinds,” said Schlichting. “Instead of calling a lawyer after something goes wrong, smart homeowners are starting to get legal advice upfront—before they buy, before they renovate, before problems become expensive disasters.”

The LegalShield survey was conducted in May 2025 and surveyed 802 adults, ages 25-80, who live in the United States. The sample was balanced by age, among other demographic variables, according to the U.S. Census.

About LegalShield:

For more than 50 years, LegalShield has provided everyday Americans with easy and affordable access to legal advice, counsel, protection, and representation. Serving millions, LegalShield is one of the world’s largest platforms for legal, identity, and reputation management services protecting individuals and businesses across North America. Founded in 1972, LegalShield, and its privacy management product, IDShield, has provided individuals, families, businesses, and employers with tools and services needed to affordably live a just and secure life. Through technology and innovation, LegalShield is disrupting the traditional legal system and transforming how and where people receive legal guidance and services, with access to hundreds of qualified, trusted attorneys and law firms. LegalShield and IDShield are products of Pre-Paid Legal Services, Inc. To learn more about LegalShield and IDShield, visit LegalShield.com and IDShield.com.

Contacts

LegalShield Media Contact:
Hollon Kohtz, Director of Communications

hollonkohtz@pplsi.com

Initial raise of $10 million to be used to accelerate on- and off-reserve housing projects

TORONTO–(BUSINESS WIRE)–Keewaywin Capital Inc., an Indigenous-led private credit investment firm focused on housing development for Indigenous communities across Canada, has announced the initial close of its inaugural Fund I, securing more than $10 million in commitments.

With commitments from limited private-capital partners including Realize Capital, Rally Assets, Addenda Capital, and the Tachane Foundation, the fund will help launch on-reserve housing and related infrastructure projects in both on- and off-reserve communities.

The initial close of Fund I marks the first public-private partnership focused on funding Indigenous housing construction under Canada’s newly formed government, which has made addressing the country’s broader housing crisis a top priority.

Keewaywin Fund I will invest in scalable, community-led housing projects driven by and for Indigenous communities on and off reserve. Initial capital deployments are planned for this summer, with early projects set to include:

• A modular housing development of up to 30 homes in Northern Manitoba;
• A CMHC Section 95 project in Central Manitoba.

“Fund I offers private investors a meaningful way to connect with and invest in Indigenous communities, something that hasn’t existed in this form in this country before,” says Tracee Smith, founder and CEO of Keewaywin and a member of the Missanabie Cree First Nation. “With a $44 billion shortfall to meet current housing needs, and another $16 billion required by 2040 to support population growth, it is imperative that governments and the private sector work together to ensure that future generations have the space and infrastructure to remain in and connected to their communities.”

“This fund, led by changemaker Tracee Smith, represents the kind of community-rooted innovation our Impact Fixed Income strategy is designed to support,” says Carl Pelland, Vice-President, Fixed Income, and Head, Corporate and Impact Bonds at Addenda Capital. “It aligns closely with our community development theme by directing capital toward Indigenous led solutions that recognize housing as a foundation for broader social and economic outcomes.”

Pelland adds: “This investment opportunity represents a promising step toward scalable social impact, delivering value for investors while supporting the economic advancement of Indigenous communities both on- and off-reserve. We’re proud to be partnering with Keewaywin Capital on this important initiative.”

“We’re glad to contribute to this fund, which represents a much-needed opportunity to help accelerate the delivery of community-driven housing by Indigenous communities, creating long-term value and resilience,” says Lars Boggild, Portfolio Manager, Realize Capital Partners, a wholesaler for the Government of Canada’s Social Finance Fund. Realize Capital is powered by Rally Assets.

Keewaywin Capital anticipates full commitment of the proceeds raised for Fund I by the end of 2025. The firm is exploring additional potential projects that, pending scale, would seek to deploy additional capital and resources in 2026.

About Keewaywin Capital Inc.

Keewaywin Capital Inc. is a 100% Indigenous-owned private credit investment fund focused on dedicated housing development for Indigenous communities across Canada. The firm provides short-term construction loans to accelerate Indigenous-led development, and works in close partnership with community leaders, government agencies, and private capital to deliver sustainable housing solutions that best suit individual Indigenous communities.

For more information, visit Keewaywin Capital.

Contacts

For press inquiries: keewaywin@goldcomm.co | Goldcomm – 416-322-2863

LADERA RANCH, Calif.–(BUSINESS WIRE)–Strategic Storage Growth Trust III, Inc. (“SSGT III”), a private real estate investment trust sponsored by an affiliate of SmartStop Self Storage REIT, Inc. (“SmartStop”), is pleased to announce the acquisition of a Class A self-storage facility located at 1305 East 7th Avenue in Vancouver, British Columbia.

This five-level, purpose-built facility offers approximately 52,400 net rentable square feet and features 790 climate-controlled interior units, five drive-up units, and five underground parking stalls. It includes two elevators for convenient customer access and is located in a dense residential area with strong household incomes and projected population growth of approximately 8% over the next five years.

With visibility to roughly 25,000 vehicles per day, the facility is well-positioned to meet demand from both residents and local businesses across Grandview-Woodland, Mount Pleasant, Strathcona, Hastings-Sunrise, Kensington-Cedar Cottage, Renfrew-Collingwood, and Riley Park.

Adding to the strength of this acquisition is the City of Vancouver’s increasingly restrictive stance on new self-storage development. Recent zoning changes limit the ability to build new facilities, particularly in transit-oriented and industrial zones, making approved, purpose-built assets like this one both rare and highly valuable in the market.

“This facility is a rare find in a highly constrained market and aligns perfectly with our strategy of acquiring well-located, high-quality assets in dense, growing urban areas,” said H. Michael Schwartz, CEO of SSGT III. “With Vancouver’s tightening development restrictions and strong demographic trends, we believe this property is well-positioned to deliver long-term value.”

About Strategic Storage Growth Trust III, Inc. (SSGT III):

SSGT III is a Maryland corporation that elected to qualify as a REIT for federal income tax purposes. SSGT III’s primary investment strategy is to invest in growth-oriented self-storage facilities and related self-storage real estate investments in the United States and Canada. As of June 25, 2025, SSGT III has a portfolio of 13 operating properties in the United States, comprising approximately 10,420 and 1,229,675 net rentable square feet; five operating properties in Canada, comprising approximately 3,170 units and 325,190 net rentable square feet; and joint venture interests in three developments in two Canadian provinces (Québec and British Columbia). In addition, a subsidiary of SSGT III serves as the sponsor of a Delaware Statutory Trust, which currently owns two operating properties in the United States comprising approximately 1,040 units and 123,000 net rentable square feet.

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 June 25, 2025, SmartStop has an owned or managed portfolio of 229 operating properties in 23 states, the District of Columbia, and Canada, comprising approximately 164,300 units and 18.4 million rentable square feet. SmartStop and its affiliates own or manage 43 operating self-storage properties in Canada, which total approximately 36,400 units and 3.7 million rentable square feet. Additional information regarding SmartStop is available at www.smartstopselfstorage.com

Contacts

David Corak
Senior VP of Corporate Finance & Strategy

SmartStop Self Storage REIT, Inc.

IR@smartstop.com

From low-carbon concrete innovation to affordable housing leadership, Daniels showcases the power of partnerships to drive lasting impact.

Highlights from the 2024 Report:

• Invested over $1.4 million in social procurement, with 92 per cent directed to diverse suppliers.
• Donated $401,000 to not-for-profit, charitable, and grassroots organizations.
• Generated $131,000 in wages through youth employment programs like CRAFT and MTO.
• Engaged over 1,500 residents through 25 community events and the Amenity Activation Program.
• Provided $176,000 in foregone commercial rent to support not-for-profit and artist tenants through the Social Impact Commercial Program.

TORONTO–(BUSINESS WIRE)–The Daniels Corporation (“Daniels”), one of Canada’s leading builders and developers, proudly unveils its 2024 Impact Report, marking 40 years of purpose-driven city-building. Released at a time when many organizations across a wide range of sectors are scaling back on social impact and environmental initiatives due to economic challenges, this year’s report reaffirms Daniels’ unwavering commitment that business can and must be a platform for good.

Themed “Building Inclusive & Sustainable Communities,” the report highlights Daniels’ continued investment in equity, innovation, and environmental leadership, even in the face of economic uncertainty.

Fostering Inclusive Communities

In 2024, Daniels continued to lead with purpose by building communities rooted in equity, affordability, and inclusion. The company delivered 51 new homes through its Accessibility Designed Program (ADP) and announced the upcoming public release of its ADP Technical Standards Guide. This milestone reflects Daniels’ continued effort to raise the bar for accessibility in the real estate industry.

In addition to advancing accessibility, Daniels delivered 16 affordable homes and supported initiatives that bring people together across income levels. Daniels made its highest annual investment in social procurement to date, spending over $1.4 million. Of this, 92 per cent was directed to diverse suppliers, reinforcing the company’s commitment to supporting inclusive local economies.

One standout moment in 2024 was the musical fundraiser Songs from The Journey, which raised an impressive $1.2 million. Proceeds supported both Daniels Spectrum and the launch of the My Piece of the City initiative, an exciting new program that enables Toronto’s diverse communities to host events at Koerner Hall at significantly reduced rates. Created in partnership with the Royal Conservatory of Music, the program is helping to make one of the city’s premier cultural venues more financially accessible and inclusive.

“At Daniels, building homes means creating inclusive communities where everyone feels safe and supported,” said Jake Cohen, Chief Operating Officer, The Daniels Corporation. “From advancing accessibility standards to expanding affordable housing, we’re proud to lead purpose-driven progress rooted in equity and innovation.”

Influencing Sustainable Communities

Daniels remains at the forefront of low-carbon development through its industry-leading Decarbonization Roadmap, first launched in 2023.

In 2024, Daniels introduced its first public carbon label for a rental community, Uniti Rental Residence in Brampton, which has been designed to deliver a 55 per cent reduction in operating emissions, primarily using geoexchange technology. In total, the company has now published five carbon labels across four unique communities.

Daniels also completed Ontario’s largest low-carbon concrete pilot at Daniels on Parliament condominiums in Regent Park. By using over 22,000m3 of low-carbon concrete formulation, the average carbon footprint was reduced by 16 per cent compared to Ontario Industry-Average products. These innovations reflect Daniels’ commitment to designing for future generations and advancing toward its Generation 2 performance target: Near-Zero Whole Life Carbon by 2026.

“As we reflect on 40 years of building, this report is not just a record of accomplishments but reaffirms our purpose and impact on Canadian land development,” said Cohen. “We believe in designing for future generations, and we are excited to be leading the industry forward on the path to near-zero whole life carbon.”

To read Daniels’ 2024 Impact Report visit: https://danielshomes.ca/social-impact/

About The Daniels Corporation

The Daniels Corporation, named the 2025 BILD Home Builder of the Year, is one of Canada’s pre-eminent builders and developers, with nearly 40,000 new homes built across the Greater Toronto Area for over 40 years. Daniels is the developer of TIFF Bell Lightbox in Toronto’s Entertainment District and the City of the Arts community on Toronto’s East Bayfront. Among its many initiatives, Daniels partnered with Toronto Community Housing to revitalize 53 of the 69-acre Regent Park community in Toronto — now home to the World Urban Pavilion, a collaboration between the Urban Economy Forum, UN-Habitat, Canada Mortgage and Housing Corporation, and Daniels. Recognized for its leadership, professionalism, and commitment to design excellence, construction quality, and customer care, Daniels goes beyond building Homes. With a deep understanding that quality of life is created by more than physical structures, it integrates building excellence with opportunities for social, cultural, and economic well-being.

Contacts

Media Contact:
Emily Ellis

Account Director

Kaiser & Partners Inc.

emily.ellis@kaiserpartners.com