MIAMI & NORTH AUGUSTA, S.C.–(BUSINESS WIRE)–Flacks Group, a Miami-based investment firm with over $4 billion in assets, is proud to announce the acquisition of the 180-room Crowne Plaza North Augusta, an IHG Hotel known for its premier hospitality offerings in the vibrant Augusta, Georgia area. Perfectly located on the scenic banks of the Savannah River, and a short distance from the iconic Augusta National Golf Club, home of The Masters Tournament, the Crowne Plaza offers a unique blend of luxury and proximity to world-class events.

Built in 2019, the Crowne Plaza North Augusta quickly established itself as a premier luxury destination in the region, catering to both business and leisure travelers, especially during key events such as The Masters Tournament and the Augusta National Women’s Amateur (ANWA). The hotel features state-of-the-art meeting spaces, perfect for corporate gatherings and special events, along with acclaimed dining options, including the renowned steakhouse Salt + Marrow and the rooftop bar Jackson’s Bluff, which boasts breathtaking views of the Savannah River and downtown Augusta.

Adjacent to the Augusta GreenJackets’ minor league baseball park and situated within the expanding Riverside Village community, the hotel provides easy access to high-end retail, luxury housing, cultural attractions, and diverse cuisine. Its unique location allows guests to experience the best of Augusta while enjoying unmatched comfort and luxury at the hotel.

“We saw a compelling opportunity with the Crowne Plaza North Augusta, a newly built, full-service luxury hotel in a prime location within one of America’s most celebrated tourist destinations,” said Michael Flacks, Chairman, CEO & Founder of Flacks Group. “The hotel’s close proximity to the Augusta National Golf Club and the unrivaled Riverside Village location makes it an ideal asset for our real estate portfolio.”

Flacks Group was represented by Hodges Ward Elliott and advised by Blue Lotus Ventures in this acquisition. Financing was provided by J.P. Morgan.

Flacks Group is searching for more hospitality properties as it continues to invest in U.S. real estate.

For more details, visit the Flacks Group website – https://flacksgroup.com/portfolio/crowne-plaza-north-augusta-ihg-hotel/

Contacts

To present properties to Flacks Group, please reach out to:

Jim Fried

Director of Real Estate and Legacy Environmental Assets

JFried@flacksgroup.com
305-773-6300

Or

Jordan Desnick

Director of US Real Estate

JDesnick@flacksgroup.com
312-618-0000

NASHVILLE, Tenn.–(BUSINESS WIRE)–LP Building Solutions (LP), a leading manufacturer of high-performance building products, today announced the appointment of Leslie Davis to Vice President, Controller and Chief Accounting Officer, effective immediately.

In her new role, Davis will oversee LP’s accounting, internal controls, and financial reporting. She will also be responsible for ensuring compliance with governance standards and managing both internal and external financial disclosures.

“Leslie has consistently demonstrated her expertise in financial management and accounting operations,” said LP Executive Vice President and Chief Financial Officer Alan Haughie. “Her analytical insight, decisive leadership, and ability to inspire teams have been invaluable. I am confident that she will excel in this role, furthering our strategic goals and enhancing value for our customers and shareholders.”

Davis joined LP in 2020 as Assistant Controller and was promoted to Senior Director of Internal Audit the following year. She brings more than 15 years of experience in financial reporting, having held key roles at EY and KPMG before joining LP.

A Certified Public Accountant, Davis earned her Master of Science in Accounting and a Bachelor of Science in Accounting from the University of Kentucky.

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, 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 oriented strand board (OSB). 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 22 plants across the U.S., Canada, Chile and Brazil. For more information, visit LPCorp.com.

Contacts

615-986-5886

Media.Relations@lpcorp.com

Hotels and recipients were honored at the 2024 Historic Hotels Annual Awards of Excellence Ceremony and Gala on November 21, 2024, at The Omni Homestead Resort in Hot Springs, Virginia (United States of America).

WASHINGTON–(BUSINESS WIRE)–#awardsofexcellence–Historic Hotels Worldwide^® is pleased to announce the distinguished winners of the 2024 Historic Hotels Worldwide Annual Awards of Excellence.

Award recipients were honored on the evening of Thursday, November 21, at the 2024 Historic Hotels Annual Awards of Excellence Ceremony and Gala at The Omni Homestead Resort in Hot Springs, Virginia (United States of America), in front of an audience of more than 200 industry leaders, owners, general managers, senior management, and representatives of the world’s finest historic hotels. The Omni Homestead Resort, founded in the scenic Allegheny Mountains in 1766, is the most historic resort in the United States. It is famous for its iconic Warm Springs Pools and championship fairways. TIME Magazine recently included The Omni Homestead Resort on its list of the “World’s Greatest Places 2024.” The awards ceremony was the final event of the 2024 Historic Hotels Annual Conference held there the week of November 18.

During the ceremony, 11 distinct awards of the Historic Hotels Worldwide Annual Awards of Excellence were presented to hoteliers and hotels, recognizing them as the best of the best among their peers. Winners were chosen from nominations by historic hotels, preservation supporters, prior award recipients, community leaders, and leadership from Historic Hotels Worldwide. Member hotels from the program are among the finest historic hotels around the world. The Historic Hotels Annual Awards of Excellence Program recognizes the pinnacle of this distinct group.

From more than 500 nominations received, the awards committee evaluated and, after careful consideration, selected the following 2024 Historic Hotels Worldwide Awards of Excellence winners:

Historic Hotels Worldwide New Member of the Year

This award is presented to a new member hotel that best demonstrates immediate engagement, activation, and passionate support of Historic Hotels Worldwide.

Winner: Half Moon (1954) Montego Bay, Jamaica

Historic Hotels Worldwide Best Social Media of a Historic Hotel

This award is given to a hotel that actively engages consumers by sharing the best of their history through social media, including Facebook, Twitter/X, and Instagram with interesting historical facts and stories.

Winner: Las Casas Filipinas de Acuzar (1780) Bagac, Philippines

Historic Hotels Worldwide Sustainability Champion

This award is presented to a hotel that best implements and practices innovative green initiatives and programs, demonstrating historic preservation is the ultimate green.

Winner: The K Club (1832) Straffan, County Kildare, Ireland

Historic Hotels Worldwide Legendary Family Historic Hoteliers of the Year

This award is presented to a multi-generational family ownership entity or management company which has served as an exemplary role model in the operation of the historic hotel entrusted to its stewardship, has demonstrated a long-term legacy of commitment to historic preservation, and has been an active champion of Historic Hotels Worldwide.

Winner: The Baverez Family, owners and managers of Les Hôtels Baverez since 1900

Historic Hotels Worldwide Best City Center Historic Hotel

This award is presented to a hotel located in a city center that best celebrates its history in the guest experience and provides exceptional customer hospitality and service.

Winner: Mystery Hotel Budapest (1896) Budapest, Hungary

Historic Hotels Worldwide Best Historic Resort

This award is presented to the historic resort that best celebrates its history in the guest experience and provides exceptional customer hospitality and service.

Winner: Kviknes Hotel (1752) Balestrand, Norway

Best Historic Hotels Worldwide Hotel in Europe

This award is presented to a historic hotel in Europe that best celebrates its history in the guest experience and provides exceptional customer hospitality and service.

Winner: The Grand York (1906) York, England, United Kingdom

Best Historic Hotels Worldwide Hotel in Asia/Pacific

This award is presented to a historic hotel in Asia/Pacific that best celebrates its history in the guest experience and provides exceptional customer hospitality and service.

Winner: The Fullerton Hotel Singapore (1924) Singapore

Best Historic Hotels Worldwide Hotel in the Americas

This award is presented to a historic hotel in the Americas that best celebrates its history in the guest experience and provides exceptional customer hospitality and service.

Winner: Fairmont Hotel Vancouver (1939) Vancouver, British Columbia, Canada

Historic Hotels Worldwide Historic Hotelier of the Year

This award is presented to the recipient demonstrating the highest contribution to furthering the celebration of history at historic hotels as well as leadership and innovation.

Winner: Franck X. Arnold at The Savoy London (1889) London, England, United Kingdom

Historic Hotels Worldwide Historian of the Year

This award is given to individuals who have made significant contributions to the research and presentation of history, encouraging a deeper discussion and broader understanding of the world’s most iconic and legendary hotels.

Winner: Andreas and Carola Augustin, editors of FamousHotels.org, “The Library of Hospitality”

“It is an honor to congratulate all of the 2024 Historic Hotels Worldwide Annual Awards of Excellence winners,” said Lawrence Horwitz, Executive Vice President, Historic Hotels of America and Historic Hotels Worldwide. “The winners are the finest historic hotels and hoteliers from around the world. The historic hotels nominated include small historic inns, boutique hotels, lifestyle hotels, and resorts. They represent small towns to large cities to UNESCO World Heritage destinations. We applaud the dedication and passion of the thousands of individuals working at these iconic and legendary hotels that keep the stories alive from the past and make staying or celebrating special occasions at these historic hotels memorable experiences. The hotels on this list represent the very best spirit of perseverance and preservation of historic hotels. Through the many chapters these buildings have seen, it is the care of their staff, owners, and operators and the support of travelers that allow these stories to continue.”

To be nominated for the Historic Hotels Worldwide Annual Awards of Excellence, the hotel must be a member of Historic Hotels Worldwide, demonstrate how the hotel increased the recognition and celebration of the hotel’s history, heritage, historic preservation, and its membership, as well as how the hotel (through its ownership, leadership, and employees) contributes significantly as an industry leader in the designated award category.

Historic Hotels Worldwide’s sibling program, Historic Hotels of America^®, also announced its collection’s winners of the Historic Hotels Annual Awards of Excellence this week. See the news about those nominees here.

About Historic Hotels Worldwide^®

Historic Hotels Worldwide^® is a prestigious and distinctive hotel collection of historic treasures, including luxury historic hotels built in former castles, chateaus, palaces, academies, haciendas, villas, monasteries, and other historic lodging spanning ten centuries. Historic Hotels Worldwide represents the finest and most distinctive global collection of more than 320 historic hotels in forty-nine countries. Hotels inducted into Historic Hotels Worldwide are authentic historic treasures, demonstrate historic preservation, and celebrate historic significance. Eligibility for induction into Historic Hotels Worldwide is limited to those distinctive historic hotels that adhere to the following criteria: minimum age for the building is 75 years or older; historically relevant as a significant location within a historic district, historically significant landmark, place of a historic event, former home of a famous person, or historic city center; hotel celebrates its history by showcasing memorabilia, artwork, photography, and other examples of its historic significance; recognized by national preservation or heritage buildings organization or located within UNESCO World Heritage Site; and presently used as a historic hotel. For more information, please visit HistoricHotelsWorldwide.com.

Contacts

Katherine Orr

Historic Hotels of America│Historic Hotels Worldwide

Director, Marketing Strategy and Communications

Tel: +1-202-772-8337

korr@historichotels.org

Real attributes 4,062% revenue growth over three-year period to operational efficiencies derived from its technology platform and entrepreneurial model, which continue to attract agents at a record pace

TORONTO & NEW YORK–(BUSINESS WIRE)–The Real Brokerage Inc. (NASDAQ: REAX), a technology platform reshaping real estate for agents, home buyers and sellers, today announced it ranked No. 38 on the Deloitte Technology Fast 500™, a ranking of the 500 fastest-growing technology, media, telecommunications, life sciences, fintech and energy tech companies in North America, now in its 30^th year. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2020 to 2023. Real had revenue growth of 4,062% over the three year period ended December 31, 2023.

“This award is yet another sign that the industry is ready for a technology-first brokerage platform that boosts agent productivity through automation,” said Tamir Poleg, Chairman and CEO of Real. “It’s a straightforward concept, but it requires widespread adoption to succeed—making our proprietary tech stack a vital component of our growth. Looking ahead, we’re committed to leveraging artificial intelligence to elevate agent productivity and deliver a seamless, intuitive experience for both agents and their clients.”

Overall, 2024 Technology Fast 500 companies achieved revenue growth ranging from 201% to 153,625% over the three-year time frame, with an average growth rate of 1,981% and median growth rate of 460%.

Real has maintained rapid growth in its sector and credits its success to operational efficiencies enabled by its advanced technology platform and entrepreneurial model, which continues to attract agents at a record pace.

About the 2024 Deloitte Technology Fast 500

Now in its 30^th year, the Deloitte Technology Fast 500 provides a ranking of the fastest-growing technology, media, telecommunications, life sciences, fintech, and energy tech companies — both public and private — in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2020 to 2023.

In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company’s operating revenues. Companies must have base-year operating revenues of at least US$50,000, and current-year operating revenues of at least US$5 million. Additionally, companies must be in business for a minimum of four years and be headquartered within North America.

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 throughout the U.S. and Canada, Real supports more than 22,000 agents who use its digital brokerage platform and tight-knit professional community to power their own forward-thinking businesses.

About Deloitte

Deloitte provides industry-leading audit, consulting, tax and advisory services to many of the world’s most admired brands, including nearly 90% of the Fortune 500® and more than 8,500 U.S.-based private companies. At Deloitte, we strive to live our purpose of making an impact that matters by creating trust and confidence in a more equitable society. We leverage our unique blend of business acumen, command of technology, and strategic technology alliances to advise our clients across industries as they build their future. Deloitte is proud to be part of the largest global professional services network serving our clients in the markets that are most important to them. Bringing more than 175 years of service, our network of member firms spans more than 150 countries and territories. Learn how Deloitte’s approximately 460,000 people worldwide connect for impact at www.deloitte.com.

Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee (“DTTL”), its network of member firms, and their related entities. DTTL and each of its member firms are legally separate and independent entities. DTTL (also referred to as “Deloitte Global”) does not provide services to clients. In the United States, Deloitte refers to one or more of the US member firms of DTTL, their related entities that operate using the “Deloitte” name in the United States and their respective affiliates. Certain services may not be available to attest clients under the rules and regulations of public accounting. Please see www.deloitte.com/about to learn more about our global network of member firms.

Forward-Looking Information

This press release contains forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking information is often, but not always, identified by the use of words such as “seek”, “anticipate”, “believe”, “plan”, “estimate”, “expect”, “likely” and “intend” and statements that an event or result “may”, “will”, “should”, “could” or “might” occur or be achieved and other similar expressions. These statements reflect management’s current beliefs and are based on information currently available to management as of the date hereof. Forward-looking information in this press release includes, without limiting the foregoing, expectations regarding Real’s ability to continue to attract agents and grow revenue.

Forward-looking information is based on assumptions that may prove to be incorrect, including but not limited to Real’s business objectives, expected growth, results of operations, performance, business projects and opportunities and financial results. Real considers these assumptions to be reasonable in the circumstances. However, forward-looking information is subject to known and unknown risks, uncertainties and other factors that could cause actual results, performance or achievements to differ materially from those expressed or implied in the forward-looking information. Important factors that could cause such differences include, but are not limited to, slowdowns in real estate markets, economic and industry downturns, Real’s ability to attract new agents and retain current agents and those risk factors discussed under the heading “Risk Factors” in the Company’s Annual Information Form dated March 14, 2024, a copy of which is available under the Company’s SEDAR+ profile at www.sedarplus.ca. These factors should be carefully considered and readers should not place undue reliance on the forward-looking statements. Although the forward-looking statements contained in this press release are based upon what management believes to be reasonable assumptions, Real cannot assure readers that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this press release, and Real assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law.

Contacts

Investor inquiries, please contact:

Ravi Jani

Vice President, Investor Relations and Financial Planning & Analysis

investors@therealbrokerage.com
908.280.2515

For media inquiries, please contact:

Elisabeth Warrick

Senior Director, Marketing, Communications & Brand

elisabeth@therealbrokerage.com
201.564.4221

TORONTO–(BUSINESS WIRE)–DREAM INDUSTRIAL REIT (TSX: DIR.UN) (the “Trust”) announced today its November 2024 monthly distribution in the amount of 5.833 cents per Unit (70 cents annualized). The November distribution will be payable on December 13, 2024 to unitholders of record as at November 29, 2024.

Dream Industrial REIT is an owner, manager, and operator of a global portfolio of well-located, diversified industrial properties. As at September 30, 2024, Dream Industrial REIT has an interest in and manages a portfolio which comprises 338 industrial assets (545 buildings) totalling approximately 71.9 million square feet of gross leasable area in key markets across Canada, Europe, and the U.S. Dream Industrial REIT’s objective is to deliver strong total returns to its unitholders through secure distributions as well as growth in net asset value and cash flow per unit underpinned by its high-quality portfolio and an investment grade balance sheet. Dream Industrial REIT is an unincorporated, open-ended real estate investment trust. For more information, please visit our website at www.dreamindustrialreit.ca.

Contacts

For further information, please contact:

DREAM INDUSTRIAL REIT

Alexander Sannikov

President and Chief Executive Officer

(416) 365-4106

asannikov@dream.ca

Lenis Quan

Chief Financial Officer

(416) 365-2353

lquan@dream.ca

This press release contains forward-looking information that is based upon assumptions and is subject to risks and uncertainties as indicated in the cautionary note contained within this press release.

TORONTO–(BUSINESS WIRE)–DREAM UNLIMITED CORP. (TSX:DRM) (“Dream” or the “Company”) today announced the closing of its previously-announced sale of Arapahoe Basin (“Arapahoe Basin” or the “Resort”), our ski area in Colorado, to Alterra Mountain Company (“Alterra”). Based on today’s exchange rate and internal estimates of taxes payable, management believes this results in after-tax profit of approximately $115 million after closing costs and adjustments.

“Arapahoe Basin has been a great investment for Dream and one that we are very proud of,” said Michael Cooper, Chief Responsible Officer of Dream. “We have had the honour of taking care of this Resort over the last quarter century, with a constant commitment to the visitor experience. We are thrilled that Alterra recognizes and shares the same values and will continue to foster its unique and incredible culture. The closing of this transaction greatly improves our financial flexibility and allows us to significantly reduce our debt load while rewarding our shareholders through a special dividend for making the choice to continue to hold our stock.”

Dream acquired Arapahoe Basin in 1997, at a time when the Resort only had 490 skiable acres. Over the last 27 years, together with the Arapahoe Basin management team, Dream expanded the ski area to 1,428 acres, replaced all of the lifts and most of the buildings and opened the two highest elevation restaurants in North America, Il Rifugio and Steilhang Hut.

The management team, including Alan Henceroth, Chief Operating Officer of Arapahoe Basin, will continue to lead the ski area into the future and maintain the values and brand that we are so proud to have been a part of. Alterra, a world class ski resort operator with a proven track record of investing in its resorts while maintaining their distinctive cultures, is in a strong position to continue to grow the customer experience, increase the Resort’s offerings, and build on the culture of the ski area.

The proceeds will be partially directed at repaying over $100 million of debt and maintaining financial flexibility, while a portion will be returned to shareholders through a special dividend of $1.00 per Class A Subordinate Voting Share and Class B Common Share, payable on December 31, 2024 to shareholders of record on December 13, 2024.

The dividends are designated as eligible dividends for the purposes of section 89 of the Income Tax Act (Canada).

About Dream Unlimited Corp.

Dream is a leading developer of exceptional office and residential assets in Toronto, owns stabilized income generating assets in both Canada and the U.S., and has an established and successful asset management business, inclusive of $26 billion of assets under management across four Toronto Stock Exchange listed trusts, our private asset management business and numerous partnerships. We also develop land, residential and income generating assets in Western Canada. Dream expects to generate more recurring income in the future as its urban development properties are completed and held for the long term. Dream has a proven track record for being innovative and for our ability to source, structure and execute on compelling investment opportunities. For more information, please visit our website at www.dream.ca.

Forward-Looking Information

This press release may contain forward-looking information within the meaning of applicable securities legislation. Forward-looking information generally can be identified by the use of forward-looking terminology such as “outlook”, “objective”, “may”, “will”, “would”, “could”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, “should”, “plans”, or “continue”, or similar expressions suggesting future outcomes or events. Some of the specific forward-looking information in this press release may include, among other things, the timing of special dividend, expected use of proceeds from the sale of the Resort, anticipated repayments of debt, anticipated distributions to shareholders, our future strategic plans for our other assets, expected future debt levels and liquidity, our ability to maximize shareholder value, and the future operations, offerings, management team, customer experience and culture of the Resort. Forward-looking information is based on a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond Dream’s control, which could cause actual results to differ materially from those that are disclosed in or implied by such forward-looking information. These assumptions include, but are not limited to: our ability to satisfy closing conditions, including regulatory approvals; that inflation will remain in line with expectations; that general economic and business conditions remain in line with expectations, including unemployment levels and interest rates, positive net migration, oil and gas commodity prices; our business strategy, including geographic focus; anticipated sales volumes; and the performance of our underlying business segments. Risks and uncertainties include, but are not limited to, general and local economic and business conditions; inflation or stagflation; the risk of global medical pandemic, including resulting government measures; employment levels; risks associated with unexpected or ongoing geopolitical events, including disputes between nations, terrorism or other acts of violence, international sanctions and the disruption of movement of goods and services across jurisdictions; regulatory risks; mortgage and interest rates and regulations; environmental risks; consumer confidence; seasonality; adverse weather conditions; construction material shortages; adverse changes to purchasers financial conditions; reliance on key clients and personnel and competition. All forward-looking information in this press release speaks as of November 19, 2024. Dream does not undertake to update any such forward-looking information whether as a result of new information, future events or otherwise, except as required by law. Additional information about these assumptions and risks and uncertainties is disclosed in filings with securities regulators filed on SEDAR+ (www.sedarplus.com).

Contacts

For further information, please contact:

Dream Unlimited Corp.


Meaghan Peloso

Chief Financial Officer

(416) 365-6322

mpeloso@dream.ca

Kim Lefever

Director, Investor Relations

(416) 365-6339

klefever@dream.ca

TORONTO–(BUSINESS WIRE)–RioCan Real Estate Investment Trust (“RioCan”) (TSX: REI.UN) today announced a distribution of 9.25 cents per unit for the month of November. The distribution will be payable on December 6, 2024, to unitholders of record as at November 29, 2024.

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 September 30, 2024, our portfolio is comprised of 186 properties with an aggregate net leasable area of approximately 33 million square feet (at RioCan’s interest). To learn more about us, please visit www.riocan.com.

Contacts

RioCan
Kim Lee

Vice President, Investor Relations

(416) 646-8326

TORONTO–(BUSINESS WIRE)–$KNR #esg—Kontrol Technologies Corp. (NEO:KNR) (OTCQB:KNRLF) (FSE:1K8) (“Kontrol Technologies” or “Kontrol” or “Company”) announces its results for the three months and year to date ended September 30, 2024. A complete set of the Financial Statements and Management’s Discussion & Analysis have been filed on SEDAR (www.sedar.com).

“As part of our strategic initiatives to focus on the growth of our sustainable buildings platform we have exited two businesses with a substantial gain, paid down all secured debt and have a significant cash balance to execute with,” said Paul Ghezzi, CEO of Kontrol. “Following the quarter, we initiated our bitcoin on balance sheet strategy and will focus on building the business through organic growth and acquisitions.”

Third Quarter and Year to Date 2024 Highlights

• As at September 30, 2024 the Company’s aggregate cash and marketable securities balance was $11.6 million.
• A gain on sale of $13.3 million was recognized during the first half of 2024 in connection with the sale of air monitoring and compliance related assets.
• In the first half of 2024, the Company paid off all interest-bearing bank debt and completed the sale of air testing, air monitoring and compliance related assets which raised significant internal cash.
• The Company anticipates collecting approximately $1.2 Million of indemnity holdbacks in 2025 related to the prior sale of two businesses. This is subject to no indemnity claims made by the Buyer.
• Revenues for the three months ended September 30, 2024 were $1.7 million, compared to $4.5 million for the same quarter in the prior year; Revenues for the nine months ended September 30, 2024 were $9.2 million, compared to $13.7 million for the same period in the prior year.
• Gross margin for the nine months ended September 30, 2024 was 57%, compared to 64% for the same period in the prior year.
• Income from continuing operations for the nine months ended September 30, 2024 was $12 million compared to $294,501 for the same period in the prior year. The current period includes gain on a sale of assets.
• Adjusted EBITDA from continuing operations for the nine months ended September 30, 2024 was negative $(235,315) compared to $2.8 million for the same period in the prior year.

Strategic Plan 2025

The Company’s operating platform continues to deliver high gross margins and sticky revenues in the service and maintenance of complex heating and cooling systems for approximately 400 buildings. The Company anticipates a return to operating profitability in 2025 through continued cost reductions, streamlining of operations, organic growth and tuck in acquisitions.

Normal Course Issuer Bid

During the 2024 fiscal year, the Company announced that approvals were granted for a new Normal Course Issuer Bid program to buy back common shares of Kontrol through the NEO Exchange and alternative trading systems. The Company repurchased 1,256,000 common shares for a total of $330,000 during the nine months ended September 30, 2024.

Q3 2024 and Year to Date Financial Summary

Financial Results		Three months ended				Nine months ended
		Sept 30,		Sept 30,		Sept 30,		Sept 30,
(Unaudited)		2024		2023		2024		2023
Revenue		$1,737,947		$4,543,367		$9,179,006		$13,682,711
Gross profit		$924,580		$3,149,791		$5,277,181		$8,689,905
Income (loss) from continuing operations		$(805,444)		$665,558		$12,049,058		294,501
Gain from discontinued operations		–		–		–		$21,786,635
Comprehensive income (loss)		$(931,032)		$665,558		$11,923,470		$22,081,136
Basic EPS – continuing operations		$(0.01)		$0.01		$0.21		$0.01
Diluted EPS – continuing operations		$(0.01)		$0.01		$0.17		$0.01
Basic EPS – discontinued operations		–		–		–		$0.40
Diluted EPS – discontinued operations		–		–		–		$0.32
Add/Deduct for Adjusted EBITDA reconciliation – continuing operations:
Amortization and depreciation		$164,514		$361,386		$615,231		$1,080,895
Finance expense		$(43,800)		$316,411		$206,829		$1,218,755
Gain on sale of assets		$(40,407)		–		$(13,281,812)		–
Share based compensation		$49,785		$13,292		$175,379		$247,005
Adjusted EBITDA (loss) – continuing operations		$(675,352)		$1,356,647		$(235,315)		$2,841,156

Adjusted EBITDA is a non-International Financial Reporting Standards (“IFRS”) measure used by management that is not defined by IFRS. Adjusted EBITDA does not have a standardized meaning prescribed by IFRS and therefore may not be comparable to similar measures presented by other issuers. Management believes that Adjusted EBITDA provides meaningful and useful financial information as these measures demonstrate the operating performance of the business excluding non-cash charges.

“Adjusted EBITDA” is calculated as net income or loss before interest, income taxes, amortization, and depreciation, share based compensation, acquisition related expenses, listing expense, gain or loss on sale of assets, and impairment of assets.

Readers are cautioned that Adjusted EBITDA should not be construed as an alternative to net income as determined under IFRS; nor as an indicator of financial performance as determined by IFRS; nor a calculation of cash flow from operating activities as determined under IFRS; nor as a measure of liquidity and cash flow under IFRS. The Company’s method of calculating Adjusted EBITDA may differ from methods used by other companies and, accordingly, the Company’s Adjusted EBITDA may not be comparable to similar measures used by any other company.

Kontrol Technologies Corp.

Kontrol Technologies Corp., a Canadian public company, is a leader in smart buildings and cities through IoT, Cloud and SaaS technology. Kontrol provides solutions and services to its customers to improve energy management, monitor continuous emissions and accelerate the sustainability of all buildings. Additional information about Kontrol Technologies Corp. can be found on its website at www.kontrolcorp.com and by reviewing its profile on SEDAR at www.sedar.com.

https://facebook.com/kontroltechcorp/
https://twitter.com/kontrolgroup
https://www.linkedin.com/company/kontrol-group

Neither IIROC nor any stock exchange or other securities regulatory authority accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

This news release contains “forward-looking information” within the meaning of applicable securities laws. All statements contained herein that are not clearly historical in nature may constitute forward-looking information. In some cases, forward-looking information can be identified by words or phrases such as “may”, “will”, “expect”, “likely”, “should”, “would”, “plan”, “anticipate”, “intend”, “potential”, “proposed”, “estimate”, “believe” or the negative of these terms, or other similar words, expressions, and grammatical variations thereof, or statements that certain events or conditions “may” or “will” happen, or by discussions of strategy.

Where Kontrol expresses or implies an expectation or belief as to future events or results, such expectation or belief is based on assumptions made in good faith and believed to have a reasonable basis. Such assumptions include, without limitation, that sufficient capital will be available to the Company and that technology will be as effective as anticipated.

However, forward-looking statements are subject to risks, uncertainties, and other factors, which could cause actual results to differ materially from future results expressed, projected, or implied by such forward-looking statements. Such risks include, but are not limited to, that sufficient capital and financing cannot be obtained on reasonable terms, or at all; that those technologies will not prove as effective as expected; those customers and potential customers will not be as accepting of the Company’s product and service offering as expected; the ability to complete company acquisitions, the bitcoin on balance sheet strategy, the ability to return to profitability in 2025 and government and regulatory factors impacting the energy conservation industry.

Accordingly, undue reliance should not be placed on forward-looking statements and the forward-looking statements contained in this press release are expressly qualified in their entirety by this cautionary statement. The forward-looking statements contained herein are made as at the date hereof and are based on the beliefs, estimates, expectations, and opinions of management on such date. Kontrol does not undertake any obligation to update publicly or revise any such forward-looking statements or any forward-looking statements contained in any other documents whether as a result of new information, future events or otherwise or to explain any material difference between subsequent actual events and such forward-looking information, except as required under applicable securities law. Readers are cautioned to consider these and other factors, uncertainties, and potential events carefully and not to put undue reliance on forward-looking information.

Contacts

Kontrol Technologies Corp.
Paul Ghezzi, CEO

info@kontrolcorp.com
11 Cidermill Avenue, Suite 201

Vaughan, ON L4K 4B6

Tel: (905) 766.0400

Not for distribution to U.S. News Wire Services or dissemination in the United States.

TORONTO–(BUSINESS WIRE)–#ChoiceProperties–Choice Properties Real Estate Investment Trust (“Choice Properties”) (TSX: CHP.UN) announced today that the trustees of Choice Properties have declared a cash distribution for the month of November, 2024 of $0.063333 per trust unit, representing $0.76 per trust unit on an annualized basis, payable on December 16, 2024 to Unitholders of record at the close of business on November 29, 2024.

About Choice Properties Real Estate Investment Trust

Choice Properties is a leading Real Estate Investment Trust that creates enduring value through places where people thrive.

We are more than a national owner, operator and developer of high-quality commercial and residential real estate. We believe in creating spaces that enhance how our tenants and communities come together to live, work, and connect. This includes our industry leadership in integrating environmental, social and economic sustainability practices into all aspects of our business. In everything we do, we are guided by a shared set of values grounded in Care, Ownership, Respect and Excellence.

For more information, visit Choice Properties’ website at www.choicereit.ca and Choice Properties’ issuer profile at www.sedarplus.ca.

Contacts

For further information:


Mario Barrafato

Chief Financial Officer

Choice Properties REIT

(416) 628-7872

Mario.Barrafato@choicereit.ca

TORONTO & NEW YORK–(BUSINESS WIRE)–The Real Brokerage Inc. (NASDAQ: REAX) (“Real” or the “Company”), a technology platform reshaping real estate for agents, home buyers and sellers, today announced that its Chairman and Chief Executive Officer, Tamir Poleg, will present at the following investor conferences:

RBC Global Technology, Internet, Media and Telecommunications Conference:

Date: Tuesday, November 19, 2024

Time: 12:00 p.m. ET

Webcast link: https://kvgo.com/rbc/the-real-brokerage-nov-2024

Stephens Annual Investment Conference:

Date: Wednesday, November 20, 2024

Time: 3:00 p.m. ET (2:00 p.m. CT)

Webcast link: https://wsw.com/webcast/stph35/reax/1833840

Needham 4^th Annual Consumer Tech / E-commerce Virtual Conference:

Date: Monday, November 25, 2024

Time: 10:15 a.m. ET

Webcast link: https://wsw.com/webcast/needham142/reax/2251152

Real’s remarks will be broadcast live, and a replay will be available for one year at the links above, and on the investor relations section of the company’s website at https://investors.onereal.com/.

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 22,000 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.

Contacts

For additional information, please contact:

Ravi Jani

Vice President, Investor Relations and Financial Planning & Analysis

investors@therealbrokerage.com
908.280.2515

For media inquiries, please contact:

Elisabeth Warrick

Senior Director, Marketing, Communications & Brand

elisabeth@therealbrokerage.com
201.564.4221

TORONTO–(BUSINESS WIRE)–Primaris Real Estate Investment Trust (“Primaris” or the “Trust”) (TSX: PMZ.UN) announced today that its Board of Trustees has declared +2.4% increase to it’s annualized distribution to $0.86 from $0.84 per unit.

“Primaris’ Differentiated Financial Model combined with strong growth in same-property NOI, occupancy, leasing spreads and recovery ratios, and expected continued strong growth across these metrics, supports our fourth annual distribution increase,” said Alex Avery, Chief Executive Officer. “REITs with track records of consistent annual distribution increases have historically delivered above average total returns and been included in exclusive indices that focus on dividend growers.”

Inclusive of the annual distribution increase effective with the Spin-Off Transaction dated December 31, this is Primaris’ fourth annual distribution increase. Inclusion criteria for dividend grower indices are commonly five consecutive annual dividend/distribution increases. The increase is effective for the month of December 2024, and payable January 15, 2024.

This increase is consistent with the REIT’s targets for the period ending December 31, 2027 which were presented at Primaris’ Investor Day in Halifax held on September 24, 2024, of a 2% to 4% annual distribution increases.

About Primaris Real Estate Investment Trust

Primaris is Canada’s only enclosed shopping centre focused REIT, with ownership interests primarily in leading enclosed shopping centres located in growing mid-sized markets. The portfolio totals 13.4 million square feet valued at approximately $4.1 billion at Primaris’ share. Economies of scale are achieved through its fully internal, vertically integrated, full-service national management platform. Primaris is very well-capitalized and is exceptionally well positioned to take advantage of market opportunities at an extraordinary moment in the evolution of the Canadian retail property landscape.

For more information:       TSX: PMZ.UN       www.primarisreit.com       www.sedarplus.ca

Contacts

Alex Avery

Chief Executive Officer

416-642-7837

aavery@primarisreit.com

Rags Davloor

Chief Financial Officer

416-645-3716

rdavloor@primarisreit.com

Claire Mahaney

VP, Investor Relations & ESG

647-949-3093

cmahaney@primarisreit.com

Timothy Pire

Chair of the Board

chair@primarisreit.com

Making use of Ontario government changes and local municipal willingness, Marshall Homes cuts approval times, triples density, and passes down $20,000 in savings for future homebuyers in the Durham Region.

TORONTO–(BUSINESS WIRE)–In response to Ontario’s housing crisis, Marshall Homes has secured quick government collaboration to approve its new community of urban townhomes, “Time” in just five weeks — expediting conventional approval timelines. This groundbreaking acceleration of approving an Official Plan Amendment and Zoning Bylaw comes at a crucial moment when the province faces a dire shortage of affordable housing.

In addition to the speedy approval process, the original project proposal for “Time” was expanded from 27 homes to 81 homes, creating a 300% increase in much-needed homes within Durham Region. By reducing the approval process by 93% and completing the development proposal in just five weeks — compared to the typical 18-24 month timeframe — Marshall Homes is poised to make homeownership more attainable, with prices starting in the low $600,000s—far below the average attached housing price of $851,733 in the area. The accelerated approvals process and increased number of homes from the original proposal passes down $20,000 in interest and consultation savings for future homebuyers, making it one of the most affordable townhome options available in the region.

“I want to express my heartfelt gratitude to Mayor Collier, Premier Ford, Ajax Tarion, TRCA, and HCRA teams for their incredible support. Their response to progressive legislation truly makes a difference in improving affordability,” says Craig Marshall, Founder and President of Marshall Homes. “Their willingness to collaborate has allowed us to bring much-needed homes to market, mitigating the usual delays and extra costs that come with lengthy approval processes, which in turn allows us to pass savings down to homeowners. The urgency of more homes is getting through to all levels of governmental authority and more importantly to the people that work there. It is infectious.”

“Through initiatives like the “Time” project, we are demonstrating how effective collaboration between government and private developers can lead to innovative solutions for housing shortages,” said Shaun Collier, Mayor of the Town of Ajax. “We remain committed to supporting projects that not only provide homes but also contribute to the overall well-being of our communities.”

The architectural firm, Hunt Design Associates, designed the “Time” project. It features thoughtfully crafted urban bungalows and two-level townhomes. The designs prioritize accessibility and long-term livability, some with stair-free layouts that enhance residents’ comfort and functionality. The contemporary architecture features large windows that flood spaces with natural light. This serves to improve the quality of life and health for the homeowners. The natural light and high ceilings create an open, expansive feel in the spaces. The development features a diverse suite mix of 2 bedroom options ranging from 800 – 1,200 square feet, catering to various family needs. Each suite will include on-site parking making “Time” well-suited for families looking to put down roots in the Durham region.

Located just north of Kingston Road with easy access to the 401, Ajax offers an ideal mix of convenience and community. Situated on the edge of the Duffins Trail System in Central Ajax, the “Time” development is within walking distance of the expansive greenspace, perfect for those looking for a natural oasis. Residents with families will enjoy the walkable proximity of over five primary and secondary schools. For those who work and play just outside the city, “Time” is an 8-minute drive from the Ajax GO station and Highway 401.

Inside the region, residents will enjoy easy access to local amenities, including the Pickering Golf Club, Pickering and Ajax casinos, the waterfront, and the Audley Recreation Centre, all within a ten-minute drive. This strategic location ensures that future homeowners enjoy vibrant community life and essential services.

This development not only fills a critical gap in the local housing supply but also serves as a model for future projects. Marshall Homes remains committed to innovation and efficiency in the housing sector, with a focus on creating quality homes in well-connected communities.

Suites at “Time” will start from the low $600,000s. Register now for exclusive updates and early access to secure one of Durham’s most affordable homes at marshallhomes.ca/communities/time.

About Marshall Homes

Marshall Homes is a leader in the homebuilding industry, with over 30 years of experience creating well-designed, energy-efficient homes that prioritize the resident experience. The company focuses on delivering boutique enclaves and custom homes throughout Durham and cottage country, consistently exceeding industry standards with features like solar and geothermal heating. Under the leadership of President Craig Marshall, Marshall Homes continues to set benchmarks for excellence in the residential construction sector. For more information on Marshall Homes and their communities, visit: www.marshallhomes.ca.

Contacts

For media inquiries, please contact:
Chantel Cassar

Co-Founder

Category Communications

chantel@categorycomms.com
647-621-1323