TORONTO–(BUSINESS WIRE)–Smith Financial Corporation (“Smith Financial”) today announced the completion of its plan of arrangement under the Business Corporations Act (Ontario) (the “Arrangement”). Pursuant to the terms of the Arrangement, a wholly-owned subsidiary of Smith Financial Corporation acquired all the issued and outstanding shares of Home Capital Group Inc. (“Home Capital” or “Home”) (TSX: HCG) that Smith Financial Corporation did not already own for $44.28 in cash per share. Since the Arrangement closed after May 20, 2023, the base consideration of $44.00 in cash per share was increased by $0.28 in cash per share, being an amount equal to $0.00273973 per share in cash per day from and including May 20, 2023 up to and including August 30, 2023.

A New and Proven Owner with Deep Affinity for Customers, Employees and Partners

Now operating as a Smith Financial Corporation company, Home Capital will maintain its focus on delivering great service to customers and business partners and leveraging its award-winning work culture.

“For many reasons, including the strength of Home’s brand among mortgage brokers, deposit brokers and hundreds of thousands of customers across Canada, we are delighted to welcome this market-leading company and its hard-working team into the Smith Financial Corporation family,” said Stephen Smith, founder and CEO of Smith Financial Corporation. “Home Capital is a strategic holding for us, and we will give our support to preserve, protect and advance Home’s place in the industry under its dedicated leadership. We look forward to collaborating with all Home stakeholders as a committed long-term owner.”

With the Arrangement now complete, Home Capital’s common shares are expected to be delisted from the Toronto Stock Exchange shortly after the date hereof. Home Capital also will apply to cease to be a reporting issuer under applicable Canadian securities laws.

Action Required by Home Capital Shareholders

Registered shareholders of Home Capital are reminded to submit a duly completed letter of transmittal and, as applicable, the certificate(s) representing their common shares, as applicable, to Computershare Investor Services Inc. (“Computershare”). Registered shareholders who have questions or require assistance can contact Computershare toll free at 1-800-564-6253 in North America, or at 1-514-982-7555 outside North America, or by email at corporateactions@computershare.com

For additional details regarding the Arrangement see Home Capital’s management information circular dated January 6, 2023, a copy of which can be found under Home Capital’s profile on SEDAR at www.sedarplus.ca.

Caution Regarding Forward Looking Statements

This press release contains forward-looking information within the meaning of applicable Canadian securities legislation, including related to when Home Capital’s common shares will be de-listed from the Toronto Stock Exchange and Home Capital will cease to be a reporting issuer under applicable Canadian securities laws. Such forward-looking information necessarily involves known and unknown risks and uncertainties and assumptions. These risks, uncertainties and assumptions include, but are not limited to, management’s expectations, intentions and beliefs concerning anticipated future events, results, circumstances, economic performance or expectations with respect to Home Capital and/or Smith Financial Corporation, including, as applicable, the delisting of the Home Capital common shares and Home Capital’s application to cease to be a reporting issuer. Therefore, forward-looking information should be considered carefully and undue reliance should not be placed on such information. Please note that forward-looking information in this press release reflects management’s expectations as of the date hereof, and therefore is subject to change. Home Capital disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law. Please refer to Home Capital’s 2023 Second Quarter Report, available on Home Capital’s website at www.homecapital.com, and on SEDAR at www.sedarplus.ca, for Home Capital’s Caution Regarding Forward-looking Statements.

About Smith Financial Corporation

Smith Financial Corporation was founded by one of Canada’s leading financial services entrepreneurs and his family. With a long-term philosophy shaped by Smith family values, our purpose is to partner with and nurture great companies. Today, Smith Financial has significant equity positions in Canada Guaranty Mortgage Insurance Company, Fairstone Bank of Canada, First National Financial Corporation (TSX: FN), Glass-Lewis & Co., Home Capital, Equitable Bank (TSX: EQB), and Peloton Capital Management and its private equity funds. Please visit Smith Financial Corporation for more information.

About Home Capital

Home Capital operates through its principal subsidiary, Home Trust Company. Home Trust Company is a federally regulated trust company offering residential and non-residential mortgage lending, securitization of residential mortgage products, consumer lending and credit card services. In addition, Home Trust Company and its wholly owned subsidiary, Home Bank, offer deposits via brokers and financial planners, and through a direct-to-consumer brand, Oaken Financial. Licensed to conduct business across Canada, we have offices in Ontario, Alberta, British Columbia, Nova Scotia, and Quebec.

Contacts

Longview Communications & Public Affairs
Jill MacRae
Partner
437-922-9215
jmacrae@longviewcomms.ca

Bobcat fans voted to decide the winner of the $25K backyard makeover, and the opportunity to meet country music superstar Justin Moore

WEST FARGO, N.D.–(BUSINESS WIRE)–The votes are tallied, and Bobcat Company is thrilled to announce the winner of the Bobcat Backyard Makeover Contest is Julie Rummer from Turlock, Calif.

Julie will receive a $25,000 backyard makeover using Bobcat equipment to transform her backyard and garden. She will also have the opportunity to meet country music superstar – and Bobcat enthusiast – Justin Moore.

Five finalists were selected based on the originality and creativity in their contest entry submission, as well as sharing the impact of how a backyard makeover would empower them to accomplish more. Julie’s powerful story received the most votes from the public.

Julie survived an auto accident in 1995 that left her paralyzed as a quadriplegic. She is now wheelchair dependent, and often encounters challenges maneuvering in her backyard. While she loves to garden, the dirt and weeds often get stuck in her wheelchair. She would like to makeover her backyard and make it wheelchair accessible so she can be outdoors more often, which she says helps her forget her mobility limitations.

“We are thrilled to announce Julie Rummer as the winner of the Bobcat Backyard Makeover Contest and can’t wait to bring her backyard dreams to life,” said Laura Ness Owens, vice president of global brand and communications and North American marketing. “At Bobcat, we are committed to empowering people to conquer their biggest challenges, and we are proud to help Julie in her pursuits by enhancing her backyard.”

Julie and her husband love to entertain family, friends and neighbors at their home. They have dreamt of making improvements to their yard – both visually and to make it more wheelchair-friendly – but haven’t had the time or money.

“Gardening is one of my biggest passions and being outdoors makes me forget my daily limitations. I am so incredibly grateful to Bobcat for this opportunity to create a completely accessible yard that will allow me the garden of my dreams,” said Julie. “I’ve been brought to tears at the thought of winning this contest. The kindness, love and support from my family, friends, neighbors and total strangers has filled my heart.”

In addition to the backyard makeover, Julie will have the opportunity to meet Justin Moore as he joins the Bobcat team in the renovation project. Moore has been a brand ambassador for Bobcat Company since 2021. As an owner and operator of multiple pieces of Bobcat equipment, including a compact loader and compact tractor, Moore keeps busy on his 80-acre property in Arkansas.

In addition to meeting Moore, Julie will work with an area landscape contractor and her local Bobcat dealer to plan and create her dream backyard.

“Bobcat is known for empowering people and in my case, they are helping me to enjoy more sunshine and time in my happy place – my backyard,” said Julie. “Thank you for your generosity and commitment to lifting people up and helping me find a new path.”

Media Resources: Photo assets are available for download at this Dropbox link.

About Bobcat Company

Since 1958, Bobcat Company has been empowering people to accomplish more. As a leading global manufacturer of compact equipment, Bobcat has a proud legacy of innovation and a reputation based on delivering smart solutions to customers’ toughest challenges. Backed by the support of a worldwide network of independent dealers and distributors, Bobcat offers an extensive line of compact equipment, including loaders, excavators, compact tractors, utility products, telehandlers, mowers, attachments, implements, parts, and services. In 2024, Bobcat will expand its brand with the addition of portable power, industrial air and industrial vehicle offerings. Headquartered in West Fargo, North Dakota, Bobcat continues to lead the industry with its new and innovative offerings.

The Bobcat brand is owned by Doosan Bobcat, Inc., a company within the Doosan Group. Committed to empowering people to accomplish more, Doosan Bobcat is dedicated to building stronger communities and a better tomorrow.

©2023 Bobcat Company. All rights reserved.

Contacts

Nadine Erckenbrack, Bobcat Public Relations Manager

Email: na.newsroom@doosan.com
Mobile: 701-205-9207

CLEVELAND–(BUSINESS WIRE)–Euclid Chemical, a leading manufacturer of concrete and masonry construction products, has announced the opening of a new admixture plant in Calgary, Alberta. This facility will enable the company to better serve its customers in the region by providing high-quality admixture solutions that meet their needs.

Positioned in a prime location with access to nearby railways and major transportation routes, this newly established facility ensures quick and efficient product delivery throughout the area. The Calgary plant will improve overall service levels by reducing lead times and ultimately delivering a better customer experience.

The newly operational facility is equipped with the latest equipment and technology, including advanced mixing and batching systems that provide accurate and consistent dosing of admixture ingredients. Euclid Chemical’s team of skilled and experienced on-site technicians operate the plant and confirm that every batch of admixture meets strict quality standards before being shipped to customers.

“The Calgary plant represents a significant step forward in our journey to enhance customer satisfaction and meet the growing demand in Canada,” said Thomas Gairing, president of Euclid Chemical. “We are committed to providing quality products and services while constantly improving our operations and capabilities to better serve our customers.”

To view the plant’s visual assets, visit https://bit.ly/3qy4BzT.

About Euclid Chemical

Headquartered in Cleveland, Ohio, Euclid Chemical has served the global building market for more than a century as a leading manufacturer and supplier of specialty products and technical support services for the concrete and masonry construction industry. Euclid Chemical’s expansive product line includes admixtures, fiber reinforcement, concrete repair products, flooring materials, decorative concrete systems, and more. Learn more at www.euclidchemical.com.

Contacts

Victoria Pishkula

vpishkula@roopco.com
216-902-3800

The top-producing team specializes in luxury sales in Phoenix, Scottsdale and beyond with a focus on getting top-dollar for sellers

TORONTO & NEW YORK–(BUSINESS WIRE)–$REAX #therealbrokerage–The Real Brokerage Inc. (NASDAQ: REAX), the fastest-growing publicly traded real estate brokerage, announced today that top-producing luxury agent David Newman along with his 12-member team have joined the company. With a proven track record of garnering top-dollar for sellers, Newman specializes in luxury sales across Phoenix, Scottsdale, Paradise Valley and Southeast Valley.

“We are excited to welcome David and his team to The Real Brokerage family as we continue to attract top producers to our agent-first platform,” said Real President Sharran Srivatsaa. “David’s dedication to maximizing marketing and optimizing value for sellers aligns with the Real platform and our mission to give our agents the tools they need to succeed by providing the best consumer experience possible.”

With a passion for luxury home sales and more than 20 years of real estate experience, Newman joined forces with Walt Danley, one of the industry’s most influential and successful luxury agents, in 2014. Since that time, Newman has consistently ranked as one of the top-producing agents in the state of Arizona and at several leading national brokerage firms. In 2022, his team closed nearly 500 transactions totaling nearly $300 million in sales.

Reflecting on his decision to join Real, Newman said, “Our search for a brokerage that prioritizes both its agents and technological innovation led us to The Real Brokerage. The synergy between Real’s commitment to agents’ long-term success and our dedication to exceptional client service was unmistakable. Real’s technology-driven approach is unparalleled, allowing us to elevate our productivity and amplify the level of service we provide.”

About Real

The Real Brokerage Inc. (NASDAQ: REAX) is revolutionizing the residential real estate industry by pairing best-in-class technology with the trusted guidance of the agent-led experience. Real delivers a cloud-based platform to improve efficiencies and empower agents to provide a seamless end-to-end experience for home buyers and sellers. The company was founded in 2014 and serves 48 states, D.C., and four Canadian provinces with more than 11,000 agents. Additional information can be found on its website at www.onereal.com.

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.

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 and Real’s ability to attract new agents and retain current agents. 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:

Jason Lee

Vice President, Capital Markets & Investor Relations

investors@therealbrokerage.com
908.280.2515

For media inquiries, please contact:

Elisabeth Warrick

Senior Director, Marketing, Communications & Brand

elisabeth@therealbrokerage.com
201.564.4221

LONDON–(BUSINESS WIRE)–#ArtBasel–H.I.G. Capital, LLC (“H.I.G.”), a leading global alternative investment firm with $58 billion of capital under management, is pleased to announce that it has obtained LEED Platinum certification on the recently refurbished Basel Marriott Hotel in Basel, Switzerland.

The property, previously known as Swissôtel Basel, underwent a significant renovation and rebranding programme and is now the Basel Marriott Hotel. The hotel is located in close proximity to the Congress Centre and Messe Basel which host prestigious events such as Art Basel, in addition to numerous notable medical and life-sciences conferences, as Basel is one of the largest life-sciences hubs in Europe. As a result of the renovation and rebrand, the hotel is now a leader in its reference market.

Riccardo Dallolio, Managing Director and Head of H.I.G. Realty in Europe commented: “We have successfully implemented our value-add plan on our Hotel in Basel which now benefits from state-of-the-art facilities and rooms resulting in strong operating performance.”

Alessio Lucentini, Managing Director and Head of Asset Management at H.I.G. Realty in Europe, added: “We have recently strengthened our Asset Management team with the addition of Federico Faravelli, formerly Head of Asset Management U.K. and Ireland at AXA Real Assets and a specialist in ESG. In addition to achieving LEED Platinum in Basel, we have recently achieved LEED Gold on two of our other assets in Italy. This has also allowed us to reduce the borrowing costs for the two assets, and helped reduce operating costs due to the properties’ improved energy efficiency. We will continue to focus on ESG initiatives that can add value to our portfolio.”

About H.I.G. Capital

H.I.G. is a leading global alternative investment firm with $58 billion of equity capital under management.* Based in Miami, and with European offices in London, Hamburg, Madrid, Milan, Paris and U.S. and Latin American offices in New York, Boston, Chicago, Dallas, Los Angeles, San Francisco, Atlanta, Bogotá, Rio de Janeiro, São Paulo. H.I.G. specializes in providing both debt and equity capital to middle market companies, utilizing a flexible and operationally focused/value-added approach:

1. H.I.G.’s equity funds invest in management buyouts, recapitalizations and corporate carve-outs of both profitable as well as underperforming manufacturing and service businesses.
2. H.I.G.’s debt funds invest in senior, unitranche and junior debt financing to companies across the size spectrum, both on a primary (direct origination) basis, as well as in the secondary markets. H.I.G. also manages a publicly traded BDC, WhiteHorse Finance.
3. H.I.G.’s real estate funds invest in value-added properties, which can benefit from improved asset management practices.
4. H.I.G. Infrastructure focuses on making value-add and core plus investments in the infrastructure sector.

Since its founding in 1993, H.I.G. has invested in and managed more than 400 companies worldwide. The firm’s current portfolio includes more than 100 companies with combined sales in excess of $52 billion. For more information, please refer to the H.I.G. website at www.higcapital.com.

* Based on total capital raised by H.I.G. Capital and its affiliates.

Contacts

Riccardo Dallolio

Managing Director

rdallolio@higrealty.com

H.I.G. Capital

P +44 (0) 207 318 5700

F +44 (0) 207 318 5749

www.higcapital.com

TORONTO–(BUSINESS WIRE)–Home Capital Group Inc. (“Home Capital”) (TSX: HCG) is pleased to announce that the required regulatory approvals under the Bank Act (Canada) and Trust and Loan Companies Act (Canada) have been granted by the Federal Minister of Finance in respect of the previously announced acquisition of Home Capital by a wholly owned subsidiary of Smith Financial Corporation (“SFC”) (such acquisition, the “Arrangement”) and that the Arrangement is expected to be completed on August 31, 2023, subject to the satisfaction of customary closing conditions.

Pursuant to the Arrangement, SFC has agreed to acquire the issued and outstanding common shares of Home Capital that SFC does not already own for $44.00 in cash per share (the “Purchase Price”). Since the Arrangement did not close on or prior to May 20, 2023, the Purchase Price will be increased by an amount equal to $0.00273973 per share in cash per day up to and including the day prior to the closing of the Arrangement (equivalent to approximately $0.25 per share for every three-month delay beyond May 20, 2023). Completion of the Arrangement on August 31, 2023 will result in a Purchase Price of $44.28 in cash per share.

Home Capital previously applied for and obtained an exemption from the Toronto Stock Exchange’s requirement to hold its annual shareholder meeting (the “Meeting”) by June 30, 2023, provided the Meeting is held on or prior to September 29, 2023. Since the Arrangement is expected to be completed prior to September 29, 2023, Home Capital will not hold its annual shareholder meeting. Similarly, as the Arrangement will be completed prior to the close of business on August 31, 2023, shareholders will not be paid on September 15, 2023 the previously announced quarterly dividend of $0.15 per common share.

Caution Regarding Forward-Looking Statements

This press release contains forward-looking information within the meaning of applicable Canadian securities legislation, including relating to completion of the Arrangement and the timing thereof, the final Purchase Price and the holding of the annual shareholders meeting. Such forward-looking information necessarily involves known and unknown risks and uncertainties and assumptions. These risks, uncertainties and assumptions include, but are not limited to, failure to, in a timely manner, satisfy customary closing conditions and consummate the Arrangement and other customary risks associated with transactions of this nature. Therefore, forward-looking information should be considered carefully and undue reliance should not be placed on such information. Please note that forward-looking information in this news release reflects management’s expectations as of the date hereof, and therefore is subject to change. Home Capital disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law. Please refer to Home Capital’s 2023 Second Quarter Report, available on Home Capital’s website at www.homecapital.com, and on SEDAR at www.sedarplus.ca for Home Capital’s Caution Regarding Forward-looking Statements.

About Home Capital

Home Capital is a public company, traded on the Toronto Stock Exchange (HCG), operating through its principal subsidiary, Home Trust Company. Home Trust Company is a federally regulated trust company offering residential and non-residential mortgage lending, securitization of residential mortgage products, consumer lending and credit card services. In addition, Home Trust Company and its wholly owned subsidiary, Home Bank, offer deposits via brokers and financial planners, and through a direct-to-consumer brand, Oaken Financial. Licensed to conduct business across Canada, we have offices in Ontario, Alberta, British Columbia, Nova Scotia, and Quebec.

Contacts

Longview Communications & Public Affairs
Jill MacRae
Partner
437-922-9215
jmacrae@longviewcomms.ca

Utah Resort Will Double Its Skiable Terrain While Adding Premier Hospitality via a New Village and Portal

DENVER–(BUSINESS WIRE)–Alterra Mountain Company, the world’s premier mountain operating company, has announced a major terrain expansion of Deer Valley Resort that will add 3,700 acres of terrain to its world-renowned, ski-only destination located in the Wasatch Mountains in Park City, Utah. In addition, the development of a new village and portal will dramatically improve access to the resort while adding world-class lodging, dining, and retail amenities in partnership with Extell Development Company.

The expansion will more than double Deer Valley’s skiable terrain, adding 16 new lifts and a new 10-passenger gondola, affirming the resort’s commitment to delivering exceptional guest services and a ski-only experience with limited daily skier counts. The diverse terrain will also be supported by a new cutting-edge snowmaking system and feature precise snow grooming that adheres to Deer Valley’s existing standards. The last time Deer Valley saw a significant terrain expansion was for the 2007/2008 winter season, with the addition of 200 acres of skiing on Lady Morgan Mountain.

The complete project will unfold over the next three seasons, with a significant portion of the new lifts and trails set to open as early as the 25/26 winter season. When completed, Deer Valley will offer 5,726 acres of ski-only terrain spread across 10 mountains.

The Deer Valley investment is in addition to the $500 million capital program announced by Alterra earlier this year to enhance the guest and employee experience across its portfolio of 17 destinations.

“Alterra Mountain Company is committed to investing in large-scale projects that will deliver differentiated experiences in incredible places and this project is exactly that,” said Jared Smith, President & CEO, Alterra Mountain Company. “Deer Valley has long been a world-renowned resort and this project will offer guests more of what it has always been known for – legendary service, an exceptional ski-only experience, and industry-leading culinary offerings.”

The resort’s new terrain and village will be entered directly from a new portal via U.S. Route 40, creating a major eastern portal that adds convenient access to the resort from nearly every direction.

Envisioned in partnership with renowned luxury real estate developer Extell, the village and portal will feature over 1,200 new parking spots, and a new skier services facility offering additional premium ski school, equipment rentals, retail, and food and beverage amenities.

“Deer Valley Resort is known across the globe for its unique approach to first-class service. We are committed to building on their well-respected reputation and legacy by attracting some of the world’s best brands, in addition to elevating the living experience by creating luxury residences with exquisite architecture and design,” said Gary Barnett, Founder & Chairman, Extell Development Company. “This partnership with Deer Valley brings together two of the very best in the business of real estate, service and hospitality, and we look forward to working with them to create what will be the crown jewel of Utah.”

In addition to the ski-specific amenities, the new village is slated to have over 800 hotel rooms across multiple properties, nearly 1,700 residential units, 250,000 square feet of retail and commercial space, and 68,000 square feet for recreation center. In addition, the multi-faceted development is expected to create approximately 2,000 new Deer Valley job opportunities.

“Deer Valley Resort is committed to building upon our legacy as one of the world’s most exceptional ski areas while staying true to our founding principles created over four-decades ago,” said Todd Bennett, President & COO, Deer Valley Resort. “This expansion will facilitate even better access to the resort for our guests, while offering a substantial increase in world-class amenities consistent with the resort’s original vision.”

A map of Deer Valley’s planned ski terrain expansion can be viewed here.

A photo gallery of the expanded terrain is available for download here: PHOTOGALLERYLINK
Copyright © 2023 Deer Valley Resort Company. All rights reserved

Additional assets, timelines and updates on Deer Valley’s future are available at https://expandedexcellence.deervalley.com.

About Alterra Mountain Company

Alterra Mountain Company is a family of 17 iconic year-round resorts, the world’s largest heli-skiing operation, and Ikon Pass – the premier ski and snowboard season pass offering access to more than 50 iconic mountain destinations around the world. Headquartered in Denver, Colorado and born out of a shared love of the mountains and adventure, the company has brought together some of the world’s most aspirational brands, including: Steamboat and Winter Park in Colorado; Palisades Tahoe, Mammoth Mountain, June Mountain, Big Bear Mountain Resort and Snow Valley in California; Stratton Mountain and Sugarbush Resort in Vermont; Snowshoe Mountain in West Virginia; Tremblant in Quebec and Blue Mountain in Ontario, Canada; Crystal Mountain in Washington; Schweitzer in Idaho; Deer Valley Resort and Solitude Mountain Resort in Utah; and CMH Heli-Skiing & Summer Adventures in British Columbia. Also included in the portfolio is Alpine Aerotech, a worldwide helicopter support and maintenance service center in British Columbia, Canada, Aspenware, the ski industry leader in technology services and e-commerce, and Ski Butlers, the global leader in ski and snowboard rental delivery. For more information, please visit www.alterramtn.co.

About Deer Valley Resort

Deer Valley Resort located in Park City, Utah, revolutionized the ski industry by providing the first-class service one would receive at a five-star hotel. The ski-only resort offers 21 chairlifts, 103 ski runs, six bowls, 300 annual inches of powder, 2,026 acres of alpine skiing, limited lift ticket sales, numerous restaurants, three elegant day lodges, hundreds of luxury accommodations and a renowned Ski School and Children’s Center. Deer Valley is honored to be ranked as the United States’ Best Ski Resort by the World Ski Awards for 10 consecutive years.

About Extell Development Company

Founded and headed by Gary Barnett, Extell Development Company is a nationally acclaimed real estate developer of residential, commercial, retail, hospitality, and mixed-use properties, operating primarily in Manhattan and other premier cities across the nation. In collaboration with world-class architects and design professionals, Extell creates properties distinguished by sophisticated design, gracious floor plans and first-class amenities. Having pioneered development on Manhattan’s Billionaires’ Row, the firm has developed some of the city’s most notable luxury properties including Central Park Tower, the tallest residential building in the world, and One57, the record-breaking glass tower above Park Hyatt’s five-star flagship hotel. Additional completed projects within the portfolio include One Manhattan Square on the Lower East Side; Brooklyn Point in Downtown Brooklyn; The Lofts Pier Village along the New Jersey Shore; The Intercontinental Hotel and Residences in Boston, MA; 175 West Jackson Street in Chicago, IL; The Four Seasons Resort and Residences Vail in Vail, CO; and The Four Seasons Resort and Club Dallas at Las Colinas in Dallas, TX. For more information, please visit www.extell.com.

Contacts

Amelie Bruzat

The Ashima Group

amelie@theashimagroup.com

DALLAS–(BUSINESS WIRE)–AECOM (NYSE: ACM), the world’s trusted infrastructure consulting firm, today announced that it has been selected by the HKSAR Government Highways Department to deliver the Tsing Yi – Lantau Link (TYLL), a new strategic road linking Lantau Island and Tsing Yi aimed at increasing capacity and accommodating future traffic demand from the Northern Metropolis development.

Well-designed transportation infrastructure is vital to the success of any new town. “We are excited to leverage our world class technical excellence in delivering innovative, technology-enabled long-span and specialty bridge solutions on this impactful project. This work builds on our extensive experience in roadway projects and will further strengthen the resilience of Hong Kong’s road network,” said Ian Chung, chief executive of AECOM’s Asia region.

The TYLL will offer an alternative route to the Lantau Link for vehicles commuting between the Northwest New Territories (NWNT) and urban areas. It will connect the proposed North Lantau Interchange and Tsing Yi Connection, comprising two long-span bridges crossing Ma Wan Fairway and Kap Shui Mun Fairway. Together with Route 11 and other relevant major roads, the TYLL will form a network of strategic roads to improve the conditions of traffic in and near the NWNT while also increasing the route options for the commuter traffic on Lantau Island and surrounding urban areas.

AECOM’s multidisciplinary team includes international experts in their fields, and will coordinate civil and geotechnical engineering, landscaping, road and drainage systems, electrical and mechanical engineering, traffic control and surveillance systems, roadside equipment, and environmental mitigation measures to deliver design and project supervision for the long-span bridges.

With phased commissioning planned through 2033, the TYLL will help deliver economic benefits by improving mobility to and from Hong Kong International Airport and the Hong Kong – Zhuhai – Macao Bridge. It will also prove critical to the Northern Metropolis development in Hong Kong’s northern New Territories, which will transform the northern part of Hong Kong into a thriving metropolitan area. In addition to the TYLL, AECOM is delivering several of other projects to support the Northern Metropolis development, which include master planning, engineering and design services for critical infrastructure. AECOM was selected by the HKSAR Government Highways Department in May 2023 to deliver the TYLL.

About AECOM

AECOM (NYSE: ACM) is the world’s trusted infrastructure consulting firm, delivering professional services throughout the project lifecycle – from advisory, planning, design and engineering to program and construction management. On projects spanning transportation, buildings, water, new energy and the environment, our public- and private-sector clients trust us to solve their most complex challenges. Our teams are driven by a common purpose to deliver a better world through our unrivaled technical and digital expertise, a culture of equity, diversity and inclusion, and a commitment to environmental, social and governance priorities. AECOM is a Fortune 500 firm and its Professional Services business had revenue of $13.1 billion in fiscal year 2022. See how we are delivering sustainable legacies for generations to come at aecom.com and @AECOM.

Forward-Looking Statements

All statements in this communication other than statements of historical fact are “forward-looking statements” for purposes of federal and state securities laws, including any statements of the plans, strategies and objectives for future operations, profitability, strategic value creation, risk profile and investment strategies, and any statements regarding future economic conditions or performance, and the expected financial and operational results of AECOM. Although we believe that the expectations reflected in our forward-looking statements are reasonable, actual results could differ materially from those projected or assumed in any of our forward-looking statements. Important factors that could cause our actual results, performance and achievements, or industry results to differ materially from estimates or projections contained in our forward-looking statements include, but are not limited to, the following: our business is cyclical and vulnerable to economic downturns and client spending reductions; limited control over operations that run through our joint venture entities; liability for misconduct by our employees or consultants; failure to comply with laws or regulations applicable to our business; maintaining adequate surety and financial capacity; potential high leverage and inability to service our debt and guarantees; ability to continue payment of dividends; exposure to political and economic risks in different countries, including tariffs; currency exchange rate and interest fluctuations; retaining and recruiting key technical and management personnel; legal claims; inadequate insurance coverage; environmental law compliance and adequate nuclear indemnification; unexpected adjustments and cancellations related to our backlog; partners and third parties who may fail to satisfy their legal obligations; AECOM Capital real estate development projects; managing pension cost; cybersecurity issues, IT outages and data privacy; risks associated with the expected benefits and costs of the sale of our Management Services and self-perform at-risk civil infrastructure, power construction and oil and gas construction businesses, including the risk that any contingent purchase price adjustments from those transactions could be unfavorable and result in lower aggregate cash proceeds and any future proceeds owed to us under those transactions could be lower than we expect; as well as other additional risks and factors that could cause actual results to differ materially from our forward-looking statements set forth in our reports filed with the Securities and Exchange Commission. Any forward-looking statements are made as of the date hereof. We do not intend, and undertake no obligation, to update any forward-looking statement.

Contacts

Media Contact:

Brendan Ranson-Walsh

Senior Vice President, Global Communications

1.213.996.2367

Investor Contact:

Will Gabrielski

Senior Vice President, Finance, Treasurer

1.213.593.8208

TORONTO–(BUSINESS WIRE)–Slate Office REIT (TSX: SOT.UN) (the “REIT”), an owner and operator of high-quality workplace real estate, announced today that it has successfully refinanced the mortgage loans on two of its Greater Toronto Area assets, collectively totaling approximately $140.0 million.

A $45.3 million mortgage on the REIT’s joint venture properties at the Woodbine & Steeles Corporate Centre in Markham, Ontario was refinanced with a two-year $50.0 million mortgage.

Additionally, a $95.9 million mortgage on the REIT’s properties at the West Metro Corporate Centre in Toronto, Ontario was refinanced with a one-year mortgage of up to $90.0 million, extendable by a further year. In connection with the closing of this refinancing, the REIT now owns 100% of West Metro Corporate Centre.

About Slate Office REIT (TSX: SOT.UN)

Slate Office REIT is a global owner and operator of high-quality workplace real estate. The REIT owns interests in and operates a portfolio of strategic and well-located real estate assets in North America and Europe. The majority of the REIT’s portfolio is comprised of government and high-quality credit tenants. The REIT acquires quality assets at a discount to replacement cost and creates value for unitholders by applying hands-on asset management strategies to grow rental revenue, extend lease term and increase occupancy. Visit slateofficereit.com to learn more.

About Slate Asset Management

Slate Asset Management is a global alternative investment platform targeting real assets. We focus on fundamentals with the objective of creating long-term value for our investors and partners. Slate’s platform has a range of real estate and infrastructure investment strategies, including opportunistic, value add, core plus and debt investments. We are supported by exceptional people and flexible capital, which enable us to originate and execute on a wide range of compelling investment opportunities. Visit slateam.com to learn more.

Forward-Looking Statements

Certain information herein constitutes “forward-looking information” as defined under Canadian securities laws which reflect management’s expectations regarding objectives, plans, goals, strategies, future growth, results of operations, performance, business prospects and opportunities of the REIT. The words “plans,” “expects,” “does not expect,” “scheduled,” “estimates,” “intends,” “anticipates,” “does not anticipate,” “projects,” “believes,” or variations of such words and phrases or statements to the effect that certain actions, events or results “may,” “will,” “could,” “would,” “might,” “occur,” “be achieved,” or “continue” and similar expressions identify forward-looking statements. Such forward-looking statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations.

Forward-looking statements are necessarily based on a number of estimates and assumptions that, while considered reasonable by management as of the date hereof, are inherently subject to significant business, economic and competitive uncertainties and contingencies. When relying on forward-looking statements to make decisions, the REIT cautions readers not to place undue reliance on these statements, as forward-looking statements involve significant risks and uncertainties and should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether or not the times at or by which such performance or results will be achieved. A number of factors could cause actual results to differ, possibly materially, from the results discussed in the forward-looking statements. Additional information about risks and uncertainties is contained in the filings of the REIT with securities regulators.

SOT-Fin

Contacts

Investor Relations

+1 416 644 4264

ir@slateam.com

Prum brings experience scaling site acquisition and development of Tesla’s Supercharger network throughout southern California

SAN FRANCISCO–(BUSINESS WIRE)–EV Realty, Inc. (“EV Realty”), an EV infrastructure development platform purpose-built to maximize electric power availability for critical commercial fleets, today announced the hiring of Ben Prum as Director, Development at the company.

“We’re thrilled to welcome Ben to EV Realty. His extensive experience in siting, developing and managing the installation of fast chargers is a unique and critical skillset in our emerging industry,” said Patrick Sullivan, CEO of EV Realty. “With Ben’s leadership on the development front, we’re excited to advance our first Powered Properties™ through development and into construction next year, providing significant power and reliable charging infrastructure to our customers in the near-term.”

Prum fills a key role at EV Realty, where as Director of Development he will oversee the strategic development, de-risking and commercialization of the company’s growing pipeline of multi-fleet EV charging hub projects. This includes managing and leading the development life cycle from initial siting and design to financing and construction. Prum will help the company scale, standardize and optimize its development processes, leveraging his experience doing the same at Tesla over the last six years.

“I’m excited to join EV Realty and work towards the company’s mission of delivering large-scale EV charging infrastructure critical to electrifying commercial fleets at scale,” said Prum. “EV Realty has the solution that delivers EV charging to critical fleet customers sooner, and at a lower cost, than building individual charging behind the fence.”

Prum comes to EV Realty with more than 12 years of experience in commercial real estate development and six years of experience in EV charging development. He most recently served as Development Lead at Tesla, where he was responsible for large scale site acquisitions and the development of Tesla’s Supercharger network for the Greater Los Angeles region. Through this work, Prum was part of the early Supercharger team that grew the Los Angeles area network to more than 70 operational charging stations, approximately 1,200 Supercharger ports. Prum’s team at Tesla delivered some of the most critical and demanded Supercharger locations, such as stations in Santa Monica, West Hollywood, San Fernando Valley and downtown Los Angeles.

Prior to Tesla, Prum managed site development for 5G wireless projects for Verizon, AT&T and T-Mobile and Sprint. A California licensed real estate and land use attorney, Prum is also experienced at navigating real estate negotiations and transactions and has handled civil cases for a range of real estate litigation. A native of Cambodia, Prum has an undergraduate degree from University of California, Irvine and a law degree from Thomas Jefferson School of Law, San Diego.

Prum’s hiring is the latest in a series of recent announcements for EV Realty. Earlier this summer, the company announced the hiring of former Meta and PG&E executive Gelberg Rodriguez as VP of Engineering & Construction, as well as the hiring of Jim Ludovico as Chief Customer Officer; Suncheth Bhat as Chief Business Officer; and Alec Maghami as Director of Real Estate Capital Markets. Other notable hires include Gary Root, most recently a corporate development strategist at EVGo, and Sarah De Lazzari, formerly with Deloitte consulting on sustainability and climate projects.

About EV Realty

EV Realty develops, deploys and owns charging infrastructure critical to electrifying commercial fleets in the U.S. at scale. The company accelerates the adoption of large EV fleets by focusing on the fundamental constraint all electric fleets face: low-cost, reliable and expandable access to grid-scale power. EV Realty is developing a network of grid-optimized, large-scale EV charging hubs for delivery, logistics and services fleet customers. Our Powered Properties™ serve multiple commercial fleets in secure, high-power locations with dedicated charging access and availability, and are located proximate to major logistics corridors within last-mile delivery/duty range of urban population centers. By aggregating multiple fleets with shared private infrastructure in grid-ready locations, EV Realty Powered Properties™ reduce upfront and recurring costs for fleets and are available sooner for EV deployment at scale. Learn more about EV Realty and how it is transforming fleet charging at www.evrealtyus.com.

Contacts

Keith Chapman

keith@chappublicrelations.com

reZEN among the nearly 500 innovative projects, products and services recognized

TORONTO & NEW YORK–(BUSINESS WIRE)–$REAX #therealbrokerage–The Real Brokerage Inc. (NASDAQ:REAX), announced today that reZEN, the company’s proprietary transaction management platform that allows the company and its 11,000+ agents to manage commissions, documents, payments and communications on a single, mobile-first cloud platform, was recognized as an honorable mention in Fast Company’s Innovation by Design Awards for 2023.

One of the most sought-after design awards in the industry, the Innovation by Design Awards recognize the designers and businesses solving the most crucial problems of today and anticipating the pressing issues of tomorrow. Real is among a range of blue-chip companies and emerging startups, including Adobe, PepsiCo, Canva and others, recognized for its work this year. reZEN was honored in the Midsize Business category.

“We are very honored to receive this award from Fast Company,” said Real Chief Technology Officer Pritesh Damani. “Historically, real estate brokerage firms have struggled to manage the complex document flows between the multiple participants involved in a real estate transaction. reZEN removes the need to juggle between multiple systems, maximizing agent productivity. It also allows us to continually leverage cutting-edge technology to enable our agents to work more efficiently and effectively.”

With reZEN, an enterprise solution that was built from the ground up, Real agents can use their phones to approve commission documents, scan and upload deposit and commission checks for automatic processing as well as talk with their brokers using a built-in transaction-centric communication system. They also can receive notifications about pending payments, upcoming industry events and use sophisticated reporting without leaving their phone.

reZEN serves as the foundation for Leo, Real’s ground-breaking 24/7 concierge powered by Generative Pre-trained Transformer (GPT) technology and machine learning. Launched earlier this month company-wide, Leo provides personalized responses in real time that cater to each agent’s unique workstyle. Leo significantly increases agent productivity as these same queries previously would have required a response from the customer support team during business hours.

“So much innovation news these days is focused on AI,” said Brendan Vaughan, Editor-In-Chief of Fast Company. “This year’s Innovation by Design honorees are a reminder that it’s human ingenuity that drives invention.”

The judges include renowned designers from a variety of disciplines, business leaders from some of the most innovative companies in the world, and Fast Company’s own writers and editors. Entries are judged on the key ingredients of innovation: functionality, originality, beauty, sustainability, user insight, cultural impact and business impact. To see the complete list of 2023 Innovation by Design Award winners, go to https://www.fastcompany.com/innovation-by-design/list.

About Fast Company

Fast Company is the only media brand fully dedicated to the vital intersection of business, innovation, and design, engaging the most influential leaders, companies, and thinkers on the future of business. Headquartered in New York City, Fast Company is published by Mansueto Ventures LLC, along with our sister publication Inc., and can be found online at www.fastcompany.com.

​​About Real

The Real Brokerage Inc. (NASDAQ: REAX) is revolutionizing the residential real estate industry by pairing best-in-class technology with the trusted guidance of the agent-led experience. Real delivers a cloud-based platform to improve efficiencies and empower agents to provide a seamless end-to-end experience for home buyers and sellers. The company was founded in 2014 and serves 47 states, D.C., and four Canadian provinces with more than 11,000 agents. Additional information can be found on its website at www.onereal.com.

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 reZEN platform.

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, the success of Real’s current technologies and Real’s ability to successfully launch new technologies, slowdowns in real estate markets, economic and industry downturns and Real’s ability to attract new agents and retain current agents. 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:

Jason Lee

Vice President, Capital Markets & Investor Relations

investors@therealbrokerage.com
908.280.2515

For media inquiries:

Elisabeth Warrick

Senior Director, Marketing, Communications & Brand

elisabeth@therealbrokerage.com
201.564.4221

TORONTO & NEW YORK–(BUSINESS WIRE)–The Real Brokerage Inc. (“Real” or the “Company”) (NASDAQ: REAX), the fastest growing publicly traded real estate brokerage, today announced that Chairman and Chief Executive Officer Tamir Poleg will be presenting at the virtual August 24th Investor Summit on Thursday, August 24, 2023 at 9:00 a.m. ET.

Real’s remarks will be broadcast live and can be accessed by interested parties at the link below, and in the “Investors” section of www.onereal.com.

Date: Thursday, August 24, 2023 

Time:  9:00 a.m. ET

Webcast link: https://us06web.zoom.us/webinar/register/WN_ZBCjTHw5Qhya7_VggDOyZA

About Real

The Real Brokerage Inc. is revolutionizing the residential real estate industry by pairing best-in-class technology with the trusted guidance of the agent-led experience. Real delivers a cloud-based platform to improve efficiencies and empower agents to provide a seamless end-to-end experience for home buyers and sellers. The company was founded in 2014 and serves 47 states, D.C., and four Canadian provinces with over 11,000 agents. Additional information can be found on its website at www.onereal.com.

Contacts

For additional information, please contact:

Jason Lee

Vice President, Capital Markets & Investor Relations

investors@therealbrokerage.com
908.280.2515

For media inquiries, please contact:

Elisabeth Warrick

Senior Director, Marketing, Communications & Brand

elisabeth@therealbrokerage.com
201.564.4221