MIAMI–(BUSINESS WIRE)–The Board of Directors of Pet Resort Hospitality Group (“PRHG”), a leader in the pet services industry, announced today that it has appointed Jason Duffy to serve as Chief Executive Officer.

Jason joins PRHG as a seasoned operating executive with wide-ranging multi-site consumer services and pet resort leadership experience. Prior to joining PRHG, Jason served as VP of Resort Operations for Pet Paradise, a privately-held pet resort business with over 55 locations nationwide. Prior to that, Jason served in executive and leadership roles at Clear, Walmart, and Meijer. He is also a Six Sigma Black Belt and an avid dog trainer.

PRHG was formed in early 2023 and has since partnered with 6 leading pet resort brands across the country. Currently with 17 locations, 600+ staff members, and over 1,700 daily pet visits, PRHG is one of the largest pet services businesses in the country. With Jason at the helm, PRHG continues to take steps towards establishing itself as the premier pet services platform in the United States and the partner of choice for pet daycare and boarding owners.

Jason commented, “I’m thrilled to be leading such a talented and diverse team of pet resort owners, all of whom have built incredible businesses and trusted PRHG as partners. When Trivest and the founders of PRHG shared their vision, which is focused on quality of care, partnership, support, and growth, I knew it would be the opportunity of a lifetime. I love working with pets and the people who care for them. We believe that we will establish ourselves as the most trusted brand in pet care, and we have all of the pieces necessary to make that happen.”

“We are thrilled to welcome Jason to PRHG and the Trivest family,” added Brian Connell, Partner at Trivest. “He has deep industry experience and is a seasoned leader who understands our customers and cares about the wellbeing of their pets. His leadership style is unique, and his background and demeanor is well aligned with the awesome founders and employees of PRHG. Jason is well-equipped to lead this group as they work together for the future of PRHG.” Eyal Cohen, co-founder and Chief Development Officer at PRHG, added, “It was important to me that whoever joined PRHG as CEO had experience working with pets and growing brands nationally. Jason has a tremendous background, and I’ve already seen the positive response to his leadership across our locations.”

Azhar Quader, co-founder and Executive Chairman at PRHG, commented: “I’ve worked with countless CEOs over my career as an investor. When hiring a leader, I look for high emotional intelligence, deep industry expertise and leadership experience, and a history of winning. Jason has all of that and more, and I’m confident we’ve found the right leader to drive us forward.”

About Pet Resort Hospitality Group

Pet Resort Hospitality Group is a provider of pet services including daycare, boarding, grooming, and training. PRHG is led by a management team with a lengthy track record of successful private equity transactions, with recent success in the animal companion space. Each business within the PRHG family benefits from the experience of the PRHG leadership team in areas such as acquisition planning and integration, growth planning and strategic tactics, brand and technology unification, scalable resources and support, and back-office management. The Company is currently pursuing strategic add-on acquisitions of pet services businesses throughout the United States. To learn more, visit www.petresorts.love.

About Trivest

Trivest Partners LP, headquartered in Miami, with a presence in Charlotte, Chicago, Denver, Los Angeles, New York, and Toronto, is a private investment firm that focuses exclusively on the support and growth of founder-led and family-owned businesses in the United States and Canada in both control and non-control transactions. To learn more, visit www.trivest.com

About Queens Court Capital Management

Queens Court Capital Management is a special situations control oriented private equity firm building on a successful track record as an independent sponsor. Over the past few years Queens Court has deployed over $200 million in equity capital across several proprietary platforms in the middle market and has successfully realized results putting it in the top percentile of independent sponsors. By incorporating the best practices from being an operator, investor and entrepreneur, Queens Court has generated significant value creation for its investor base including successful exits, partial sales, and dividend recapitalizations across portfolio companies. To learn more, visit www.queenscourtcap.com

Contacts

Eyal Cohen

eyal@petresorts.love

CALGARY, Alberta–(BUSINESS WIRE)–Mainstreet Equity Corp. (“Mainstreet” or the “Corporation”) (TSX:MEQ) is pleased to announce the results of the annual meeting of shareholders held on March 7, 2024 (the “Meeting”). The Meeting had a very strong shareholder turnout with holders of approximately 83% of the issued and outstanding common shares represented in person or by proxy.

Navjeet (Bob) Dhillon, Joseph Amantea, Ron Anderson, Karanveer Dhillon, Richard Grimaldi and John Irwin were re-elected to the board of directors of the Corporation for the upcoming year as follows:

	Outcome of the Vote	Votes For	%	Withheld	%
Navjeet (Bob) Dhillon	Elected	6,759,126	87.88	931,969	12.12
Joseph Amantea	Elected	6,379,734	82.95	1,311,361	17.05
Ron Anderson	Elected	6,395,919	83.16	1,295,176	16.84
Karanveer Dhillon	Elected	6,407,273	83.31	1,283,822	16.69
Richard Grimaldi	Elected	6,381,144	82.97	1,309,951	17.03
John Irwin	Elected	6,381,769	82.98	1,309,326	17.02

PricewaterhouseCoopers LLP was re-appointed as the Corporation’s auditor.

Details in respect of all of the resolutions approved at the annual meeting of shareholders may be found in the Management Information Circular prepared in connection with the meeting dated February 1, 2024, available on SEDAR+ at www.sedarplus.ca.

About Mainstreet

Mainstreet Equity Corp. (“Mainstreet”) is a Calgary-based real estate operating company, traded on the Toronto Stock Exchange (TSX:MEQ). Mainstreet is a top provider of high-quality, affordable multi-family rental units in western Canada, covering BC, AB, SK, and MB. Since listing on the TSX in 2000, Mainstreet has grown its portfolio from 1,370 units with appraised value of $90 million to 17,720 year-to-date units with appraised value of approximately $3.2 billion with minimal equity dilution. The company’s long-term value is anchored by a counter-cyclical strategy to aggressively acquire undervalued apartments at distressed prices, using low-cost capital. Once acquired, Mainstreet rapidly stabilizes the assets to minimize cycle times and boost net operating income. The company employs a 100% organic, non-dilutive growth model, leveraging its robust liquidity position. There are currently 9,318,818 common shares outstanding.

SOURCE: Mainstreet Equity Corp. (TSX:MEQ)

Contacts

For further information:

Bob Dhillon, O.C, MBA, DCom, LLD, ICD.D | Founder, President & CEO
D: +1 (403) 215-6063

Executive Assistant: +1 (403) 215-6070

100, 305 10 Avenue SE, Calgary, AB T2G 0W2 Canada

https://www.mainst.biz/
https://www.sedarplus.ca/

TORONTO–(BUSINESS WIRE)–Primaris Real Estate Investment Trust (“Primaris REIT”) (TSX: PMZ.UN) announced today that its Board of Trustees has declared a distribution of $0.07 per unit for the month of March, 2024, representing $0.84 per unit on an annualized basis. The distribution will be payable on April 15, 2024 to unitholders of record on March 28, 2024.

About Primaris REIT

Primaris is Canada’s only enclosed shopping centre focused REIT, with ownership interests primarily in the leading enclosed shopping centres in growing markets. The current portfolio totals 12.5 million square feet valued at approximately $3.8 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.

Contacts

Alex Avery

Chief Executive Officer

416-642-7837

aavery@primarisreit.com

Rags Davloor

Chief Financial Officer

416-645-3716

rdavloor@primarisreit.com

Tim Pire

Chair of the Board of Trustees

chair@primarisreit.com

TSX: PMZ.UN

www.primarisreit.com

• ECOAsh signifies Holcim North America’s latest innovative solution to accelerate decarbonization and lessen environmental impacts across the rapidly expanding built environment
• New state-of-the-art processing facility in Alberta is the first of its kind within Holcim Group globally
• Advanced beneficiation technology will support growing market needs for high-quality fly ash in high-performance, green, and circular cement and concrete building

CALGARY, Alberta–(BUSINESS WIRE)–#BuildingGreen–Building on its commitment to accelerating green growth, Holcim North America, a leader in innovative and sustainable building materials, today announced the introduction of ECOAsh beneficiated ash within its Lafarge Western Canada operations. With plans for future expansion into the United States, this strategic move not only demonstrates Holcim North America’s dedication to sustainability but also positions the company as an early adopter of innovative technology aimed at decarbonizing the construction industry.

ECOAsh embodies a circular and innovative solution, representing a significant leap toward sustainability. It stands as a high-quality, specification-grade Type F fly ash reclaimed from landfills and transformed into a valuable resource for enhancing cement and concrete construction applications.

“As we continue to build to support growing population demands, the integration of circular building materials such as ECOAsh plays a crucial role in driving our portfolio towards a more sustainable future,” said Toufic Tabbara, Holcim regional head, North America. “By embracing these strategies, we not only provide essential building materials but also establish the foundation for building greener and smarter cities while shaping the trajectory of our industry for generations to come.”

Fly ash, known for being a byproduct of coal-fired power plant operations, is extensively used as a supplementary cementitious material. In addition to its performance and economic advantages, fly ash use is beneficial to the environment because it recycles an industrial byproduct and can reduce the carbon footprint of construction materials. As the shift away from coal-fired power plants continues, addressing challenges related to sourcing reliable fly ash supplies prompts the exploration of harvesting and beneficiating legacy landfilled ash as a viable replacement.

“The transformation of landfill materials into high-value fly ash for sustainable building presents an exciting opportunity for our customers and us to build more with less and work towards a net-zero future,” said Brad Kohl, president and CEO of Lafarge, Western Canada. “At Holcim, we are fully dedicated to meeting future market demands by harnessing and enhancing extensive fly ash reserves secured through well-established, long-term sourcing agreements with electric utilities.”

Following extensive landfill ash evaluations, Holcim North America and Geocycle North America’s new state-of-the-art processing facility in Alberta—the first of its kind within Holcim’s global operations—will use advanced beneficiation technology and proprietary techniques to produce fly ash with equivalent performance and more consistent quality compared to any freshly produced Type F fly ash commercially available. The ECOAsh then undergoes rigorous testing in the plant’s certified quality-assurance laboratories to ensure it meets or exceeds regulatory standards for cement and concrete applications.

Commissioned in February, the new ECOAsh processing facility will commence production and the supply of products to customers throughout Western Canada in the first quarter of 2024.

About Holcim

Holcim is a global leader in innovative and sustainable building solutions with net sales of CHF 27.0 billion in 2023. Driven by our purpose to build progress for people and the planet, our 63,448 employees are on a mission to decarbonize building, while improving living standards for all. We empower our customers across all regions to build better with less, with a broad range of low-carbon and circular solutions, from ECOPact and ECOPlanet to our circular technology platform ECOCycle®. Through innovative systems, from Elevate roofing to PRB insulation, Holcim makes buildings more sustainable in use, driving energy efficiency and green retrofitting. With sustainability at the core of our strategy, we are on the way to becoming a net-zero company with 1.5°C targets validated by SBTi.

Lafarge Canada, a subsidiary of Holcim, employs over 6,900 people and manages 400 sites across the country. We provide green products to build the infrastructure and communities where Canadians live and work. To learn more, visit www.lafarge.ca

Geocycle North America, a subsidiary of Holcim, a leading provider of industrial, agricultural and municipal waste & by-product management in the region. To learn more, visit www.geocycle.com

In the United States, Holcim US includes nearly 350 sites in 43 states and employs 7,000 people. Our customers rely on us to help them design and build better communities with innovative solutions that deliver structural integrity and eco-efficiency. To learn more, visit holcim.us

Contacts

Kristen Marston

Lafarge Canada Inc.

Kristen.Marston@lafarge.com

TORONTO–(BUSINESS WIRE)–Primaris Real Estate Investment Trust (“Primaris” or “the Trust”) (TSX: PMZ.UN) announced today that it has received acceptance from the Toronto Stock Exchange (“TSX”) of Primaris’ notice of intention to renew its normal course issuer bid (“NCIB”). Under the NCIB, Primaris will have the ability to purchase for cancellation up to a maximum of 6,929,436 of its Series A units (“Units”) on the open market, representing 10% of the “public float” (calculated in accordance with TSX rules) as of February 26, 2024. As of February 26, 2024, the number of issued and outstanding Units was 96,444,736.

The NCIB will commence on March 11, 2024, the day after the Trust’s current NCIB expires, and remain in effect until the earlier of March 10, 2025 and the date on which Primaris has purchased the maximum number of Units permitted under the NCIB. Purchases of Units under the NCIB will be made in accordance with TSX rules and policies through the facilities of the TSX, and through Canadian alternative trading systems. The price paid for any repurchased Units will be the market price of such Units at the time of acquisition. The average daily trading volume of the Units from the start of trading on September 1, 2023 through February 29, 2024, was 139,688 Units and accordingly daily purchases will be limited to 34,922 Units other than purchases made in accordance with the TSX’s block purchase exception.

Primaris continues to believe that, from time to time, the market price of the Units may not fully reflect the intrinsic value of the Units and that, in such circumstances, using the NCIB to return capital to its unitholders who choose to participate is a desirable use of Primaris’ funds and may benefit those unitholders who continue to hold Units by increasing their equity interest in Primaris. To Primaris’ knowledge, after reasonable inquiry, none of the trustees, officers or other insiders of Primaris or any associate of any such persons, or any associate or affiliate of Primaris currently intends to sell Units to Primaris during the course of the issuer bid.

Primaris has also entered into a new automatic securities purchase plan (“ASPP”) in connection with the NCIB renewal, with an effective date of March 11, 2024. Under the terms of the ASPP, the Trust’s broker will be permitted to purchase Units in accordance with certain prearranged trading parameters, during periods when Primaris would not ordinarily be active in the market because of internal trading blackout periods, insider trading rules or otherwise.

Under the Trust’s current NCIB that commenced on March 9, 2023 and expires on March 8, 2024, Primaris sought and received approval from the TSX to purchase for cancellation up to 7,020,105 Units and had purchased, through the facilities of the TSX and through any alternative trading system in Canada permitted by the TSX, 3,630,700 Units at a weighted average price of $13.40 per Unit, as of February 29, 2024.

About Primaris

Primaris is Canada’s only enclosed shopping centre focused REIT, with ownership interests primarily in dominant enclosed shopping centres in growing markets. The portfolio totals 39 properties, or 12.5 million square feet, valued at approximately $3.8 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.

Forward-Looking Statements Disclaimer

Certain statements included in this news release constitute “forward-looking information” or “forward-looking statements” within the meaning of applicable securities laws. The words “will”, “expects”, “plans”, “estimates”, “intends” and similar expressions are often intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Specific forward-looking statements made or implied in this news release include but are not limited to statements regarding the Trust’s plans, objectives, expectations and intentions with respect to the purchase of Units under the NCIB, the potential benefit to unitholders, and the intention of the Trust’s trustees, officers and other insiders to participate in the NCIB. These statements are based on factors or assumptions that were applied in drawing a conclusion or making a forecast or projection, including assumptions based on historical trends, current conditions and expected future developments. Since forward-looking statements relate to future events and conditions, by their very nature they require making assumptions and involve inherent risks and uncertainties. Primaris cautions that although it is believed that the assumptions are reasonable in the circumstances, these risks and uncertainties give rise to the possibility that actual results may differ materially from the expectations set out in the forward-looking statements. Material risk factors and assumptions include those set out in Primaris’ management’s discussion and analysis and annual information form, which are available on SEDAR+, and in Primaris’ other materials filed with the Canadian securities regulatory authorities from time to time. Given these risks, undue reliance should not be placed on these forward-looking statements, which apply only as of their dates. Other than as specifically required by law, Primaris undertakes no obligation to update any forward-looking statements to reflect new information, subsequent or otherwise.

Contacts

For more information:


Alex Avery

Chief Executive Officer

416-642-7837

aavery@primarisreit.com

Rags Davloor

Chief Financial Officer

416-645-3716

rdavloor@primarisreit.com

Tim Pire

Chair of the Board of Trustees

chair@primarisreit.com

TSX: PMZ.UN

www.primarisreit.com

Concept truck bodies designed for intelligent delivery

MORGANTOWN, Pa.–(BUSINESS WIRE)–#BodiesThatMoveBusiness–At NTEA Work Truck Week 2024, Morgan Truck Body, North America’s largest manufacturer of light- and medium-duty freight and refrigerated van and truck bodies, will introduce Projects “Agora” and “Blackjack” concept bodies (JB Poindexter & Co., Inc. Booth #601).

“Reflecting years of design evolution, the Morgan concept bodies are built with a focus on aerodynamics, lightweighting, improved ergonomics and enhanced situational awareness for increased driver convenience and productivity,” says Corby Stover, Morgan Truck Body President. “These designs represent the continuing evolution of the Morgan Truck Body to meet future market and customer needs.”

Customers utilizing either traditional fuel engines or electric battery vehicles benefit from the innovative universal design to meet their final-mile delivery needs. The Project Agora concept body is featured on an Isuzu FTR chassis. Project Blackjack concept body is featured on an International® eMV™ Series battery electric chassis. Innovations include:

• Extended range & efficiency with military-grade advanced composites to shape airflow around the body to reduce drag and improve aerodynamics for both traditional fuel engines and electric vehicles
• Mid-panel translucent roof allows natural sunlight to pass through while reducing the amount of heat transferred into the truck body associated with typical translucent roof panels​
• Lightweight body components including an aluminum subframe that is anti-corrosive and significantly improves customer payload capacity​
• Ergonomic enhancements & ease of use to reduce operator stress
  • Motion sensor activated LED strip lighting provides efficient and consistent light throughout the length of the body​
  • Encapsulated hardwood floor with anti-slip surface
• Project Agora’s specific features
  • Rivet-less smooth wall aluminum construction
  • A reduction of 18 percent in aerodynamic drag improves fuel economy and extends range for both traditional fuel engines and battery electric vehicles
  • Powered rear overhead door and powered side canister door reduce physical strain with effortless operation. Operators can easily operate the powered doors with a touchscreen in the cab, remote key fobs, or intelligent keyless entry
  • Situational Awareness with EAVX VX-Controls includes external 360° and internal cargo area cameras, which can be viewed in both the cab and cargo area, provide enhanced awareness of potential hazards in or around the vehicle. Rear and side blindspot monitoring supplements the camera systems to alert drivers of potential moving hazards near the truck.​
• Project Blackjack’s specific features
  • Constructed with structural composite foam core wall panels
  • A reduction of 20 percent in drag improves fuel economy and extends range for both traditional fuel engines and battery electric vehicles
  • Situational Awareness with Morgan SA 5.0 Package featuring digital rear-view mirror, back up proximity sensors, 360 degree and internal cargo area cameras and supplemental hazard detection

About Morgan Truck Body, LLC

Those who depend on trucks to move their business choose Morgan Truck Body. Morgan remains committed to its mission to design, build, sell, and support the most reliable truck bodies in the world, as the preferred global partner providing innovative middle-mile solutions connecting the world’s supply chain. Founded in 1952 and headquartered in Morgantown, PA, Morgan Truck Body is the largest manufacturer of light- and medium-duty truck bodies in North America. Morgan employs over 2,700 team members in 13 manufacturing locations and 8 service centers across the United States and Canada. Morgan Truck Body, LLC is a subsidiary of J.B. Poindexter & Co, Inc., an owner-operated business enterprise providing best-in-class automotive and manufacturing goods and services. MorganCorp.com

Photos available for download at:

https://www.morgancorp.com/agora/
https://www.morgancorp.com/blackjack/

Contacts

Brian Bradley, Director of Marketing and Product Management

Morgan Truck Body

Brian.Bradley@Morgancorp.com
610-286-2431

CHICAGO–(BUSINESS WIRE)–Ventas, Inc. (NYSE: VTR) (“Ventas” or the “Company”) said today that it has priced a private offering in Canada of Cdn$650 million of 5.10% Senior Notes, Series J due 2029 (the “Notes”). The sale of the Notes is expected to close on March 5, 2024, subject to satisfaction of customary closing conditions.

The Notes are being issued by Ventas’ indirect, wholly-owned subsidiary, Ventas Canada Finance Limited (the “Issuer”), on a prospectus-exempt basis only to “accredited investors” who are not individuals unless such individuals are also “permitted clients,” in each case as defined under applicable Canadian securities laws. The Notes will be unconditionally guaranteed by the Company (the “Guarantee”).

The Notes will mature on March 5, 2029. The Notes will constitute senior unsecured obligations of the Issuer and will rank equally with all other present and future unsecured and unsubordinated obligations of the Issuer. The Guarantee will constitute a senior unsecured obligation of the Guarantor and will rank equally with all other present and future unsecured and unsubordinated obligations of the Company. Interest on the Notes will be payable semi-annually in arrears on March 5 and September 5 of each year, commencing on September 5, 2024. The Notes are expected to be rated BBB+ (Stable) by S&P, Baa1 (Stable) by Moody’s and BBB (Stable) by Fitch.

The Issuer intends to use the net proceeds from the offering of the Notes to repay amounts outstanding under the Issuer’s existing indebtedness, including under its Cdn$500 million unsecured term loan facility, and for other general corporate purposes.

The Notes have not been and will not be registered under the Securities Act of 1933, as amended (the “Securities Act”), or any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and applicable state laws. The Notes have not been qualified by way of prospectus in any province or territory of Canada and may not be offered or sold to persons located or resident in Canada except pursuant to an exemption from the prospectus requirements of applicable Canadian securities laws.

This press release does not constitute an offer to sell or buy or the solicitation of an offer to buy or sell any security and shall not constitute an offer, solicitation, sale or purchase of any securities in any jurisdiction in which such offering, solicitation, sale or purchase would be unlawful.

Ventas Inc. (NYSE:VTR) is a leading S&P 500 real estate investment trust focused on delivering strong, sustainable shareholder returns by enabling exceptional environments that benefit a large and growing aging population. The Company’s growth is fueled by its senior housing communities, which provide valuable services to residents and enable them to thrive in supported environments. Ventas leverages its unmatched operational expertise, data-driven insights from its Ventas Operational Insights^TM platform, extensive relationships and strong financial position to achieve its goal of delivering outsized performance across approximately 1,400 properties. The Ventas portfolio is composed of senior housing communities, outpatient medical buildings, research centers and healthcare facilities in North America and the United Kingdom. The Company benefits from a seasoned team of talented professionals who share a commitment to excellence, integrity and a common purpose of helping people live longer, healthier, happier lives.

This press release includes forward-looking statements within the meaning of Section 27A of the Securities Act, and Section 21E of the Securities Exchange Act of 1934, as amended and forward-looking information within the meaning of applicable Canadian securities laws (collectively, “forward-looking statements”). These forward-looking statements include, among others, statements of expectations, beliefs, future plans and strategies, anticipated results from operations and developments and other matters that are not historical facts. Forward-looking statements include, among other things, statements regarding our and our officers’ intent, belief or expectation as identified by the use of words such as “assume,” “may,” “will,” “project,” “expect,” “believe,” “intend,” “anticipate,” “seek,” “target,” “forecast,” “plan,” “potential,” “opportunity,” “estimate,” “could,” “would,” “should” and other comparable and derivative terms or the negatives thereof.

Forward-looking statements are based on management’s beliefs as well as on a number of assumptions concerning future events. You should not put undue reliance on these forward-looking statements, which are not a guarantee of performance and are subject to a number of uncertainties and other factors that could cause actual events or results to differ materially from those expressed or implied by the forward-looking statements. We do not undertake a duty to update these forward-looking statements, which speak only as of the date on which they are made. We urge you to carefully review the disclosures we make concerning risks and uncertainties that may affect our business and future financial performance, including those made below and in our filings with the Securities and Exchange Commission, such as in the sections titled “Cautionary Statements — Summary Risk Factors,” “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our Annual Report on Form 10-K for the year ended December 31, 2023.

Certain factors that could affect our future results and our ability to achieve our stated goals include, but are not limited to: (a) our ability to achieve the anticipated benefits and synergies from, and effectively integrate, our completed or anticipated acquisitions and investments of properties, including our ownership of the properties included in our equitized loan portfolio; (b) our exposure and the exposure of our tenants, managers and borrowers to complex healthcare and other regulation, including evolving laws and regulations regarding data privacy and cybersecurity and environmental matters, and the challenges and expense associated with complying with such regulation; (c) the potential for significant general and commercial claims, legal actions, regulatory proceedings or enforcement actions that could subject us or our tenants, managers or borrowers to increased operating costs, uninsured liabilities, fines or significant operational limitations, including the loss or suspension of or moratoriums on accreditations, licenses or certificates of need, suspension of or nonpayment for new admissions, denial of reimbursement, suspension, decertification or exclusion from federal, state or foreign healthcare programs or the closure of facilities or communities; (d) the impact of market and general economic conditions on us, our tenants, managers and borrowers and in areas in which our properties are geographically concentrated, including macroeconomic trends and financial market events, such as bank failures and other events affecting financial institutions, market volatility, increases in inflation, changes in or elevated interest and exchange rates, tightening of lending standards and reduced availability of credit or capital, geopolitical conditions, supply chain pressures, rising labor costs and historically low unemployment, events that affect consumer confidence, our occupancy rates and resident fee revenues, and the actual and perceived state of the real estate markets, labor markets and public and private capital markets; (e) our reliance and the reliance of our tenants, managers and borrowers on the financial, credit and capital markets and the risk that those markets may be disrupted or become constrained, including as a result of bank failures or concerns or rumors about such events, tightening of lending standards and reduced availability of credit or capital; (f) the secondary and tertiary effects of the COVID-19 pandemic on our business, financial condition and results of operations and the implementation and impact of regulations related to the CARES Act and other stimulus legislation, including the risk that some or all of the CARES Act or other COVID-19 relief payments we or our tenants, managers or borrowers received could be recouped; (g) our ability, and the ability of our tenants, managers and borrowers, to navigate the trends impacting our or their businesses and the industries in which we or they operate, and the financial condition or business prospect of our tenants, managers and borrowers; (h) the risk of bankruptcy, inability to obtain benefits from governmental programs, insolvency or financial deterioration of our tenants, managers, borrowers and other obligors which may, among other things, have an adverse impact on the ability of such parties to make payments or meet their other obligations to us, which could have an adverse impact on our results of operations and financial condition; (i) the risk that the borrowers under our loans or other investments default or that, to the extent we are able to foreclose or otherwise acquire the collateral securing our loans or other investments, we will be required to incur additional expense or indebtedness in connection therewith, that the assets will underperform expectations or that we may not be able to subsequently dispose of all or part of such assets on favorable terms; (j) our current and future amount of outstanding indebtedness, and our ability to access capital and to incur additional debt which is subject to our compliance with covenants in instruments governing our and our subsidiaries’ existing indebtedness; (k) the recognition of reserves, allowances, credit losses or impairment charges are inherently uncertain, may increase or decrease in the future and may not represent or reflect the ultimate value of, or loss that we ultimately realize with respect to, the relevant assets, which could have an adverse impact on our results of operations and financial condition; (l) the non-renewal of any leases or management agreement or defaults by tenants or managers thereunder and the risk of our inability to replace those tenants or managers on a timely basis or on favorable terms, if at all; (m) our ability to identify and consummate future investments in or dispositions of healthcare assets and effectively manage our portfolio opportunities and our investments in co-investment vehicles, joint ventures and minority interests, including our ability to dispose of such assets on favorable terms as a result of rights of first offer or rights of first refusal in favor of third parties; (n) risks related to development, redevelopment and construction projects, including costs associated with inflation, rising or elevated interest rates, labor conditions and supply chain pressures, and risks related to increased construction and development in markets in which our properties are located, including adverse effect on our future occupancy rates; (o) our ability to attract and retain talented employees; (p) the limitations and significant requirements imposed upon our business as a result of our status as a REIT and the adverse consequences (including the possible loss of our status as a REIT) that would result if we are not able to comply with such requirements; (q) the ownership limits contained in our certificate of incorporation with respect to our capital stock in order to preserve our qualification as a REIT, which may delay, defer or prevent a change of control of our company; (r) the risk of changes in healthcare law or regulation or in tax laws, guidance and interpretations, particularly as applied to REITs, that could adversely affect us or our tenants, managers or borrowers; (s) increases in our borrowing costs as a result of becoming more leveraged, including in connection with acquisitions or other investment activity and rising or elevated interest rates; (t) our reliance on third-party managers and tenants to operate or exert substantial control over properties they manage for or rent from us, which limits our control and influence over such operations and results; (u) our exposure to various operational risks, liabilities and claims from our operating assets; (v) our dependency on a limited number of tenants and managers for a significant portion of our revenues and operating income; (w) our exposure to particular risks due to our specific asset classes and operating markets, such as adverse changes affecting our specific asset classes and the real estate industry, the competitiveness or financial viability of hospitals on or near the campuses where our outpatient medical buildings are located, our relationships with universities, the level of expense and uncertainty of our research tenants, and the limitation of our uses of some properties we own that are subject to ground lease, air rights or other restrictive agreements; (x) the risk of damage to our reputation; (y) the availability, adequacy and pricing of insurance coverage provided by our policies and policies maintained by our tenants, managers or other counterparties; (z) the risk of exposure to unknown liabilities from our investments in properties or businesses; (aa) the occurrence of cybersecurity threats and incidents that could disrupt our or our tenants’, managers’ or borrower’s operations, result in the loss of confidential or personal information or damage our business relationships and reputation; (bb) the failure to maintain effective internal controls, which could harm our business, results of operations and financial condition; (cc) the impact of merger, acquisition and investment activity in the healthcare industry or otherwise affecting our tenants, managers or borrowers; (dd) disruptions to the management and operations of our business and the uncertainties caused by activist investors; (ee) the risk of catastrophic or extreme weather and other natural events and the physical effects of climate change; (ff) the risk of potential dilution resulting from future sales or issuances of our equity securities; and (gg) the other factors set forth in our periodic filings with the Securities and Exchange Commission.

Contacts

Ventas, Inc.

BJ Grant

(877) 4-VENTAS

HALIFAX, Nova Scotia–(BUSINESS WIRE)–For the third year in a row, the Houston government has reported a budget surplus despite projecting a deficit of hundreds of millions of dollars. This money should be invested in tangible programs to lower the cost of living, rather than simply offering stop-gap measure tax breaks and credits to cover the difference.

“It’s about time that Nova Scotia indexed our tax brackets against inflation,” said CUPE Nova Scotia President Nan McFadgen, “but those on assistance are once again being left behind by this government. A one-time payment of 150 dollars for those who don’t qualify for disabilities assistance isn’t going to save them from inflation or housing precarity. Social assistance needs to be tied to inflation, just like our tax brackets.”

Nova Scotia has the highest rate of rental inflation in the country at 11.8%, and this new budget does little to address this ongoing issue. Increasing the rental supplements, which are only available to 8,500 renters, does not protect the tens of thousands of Nova Scotians facing unregulated rental increases. The government needs to enact policy that limits rental increases, regulates predatory fix-term leases, and establishes harsher punishments for renovictions for the sake of increasing rent.

“I’m glad to see that the government is building public housing for the first time in 20 years,” said McFadgen, “but that will take time. People are struggling now. Hundreds of Nova Scotians are presented with unmanageable rent increases every month and pushed closer and closer to houselessness. We need real rental protections now, not just supplements for the few who qualify.”

Nova Scotia’s long-term care and home support sectors have long been struggling under the weight of working short with poor pay and benefits. This budget purports an increase in funding, an additional 350 beds, and easier transitions to home support for those who want to remain in their homes longer. The 9.6 million dedicated to this effort, however, does not offer enough support for the workers providing the care.

“Home support workers make less than their counterparts in acute and long-term care, while having to rely on their personal vehicles to move between clients. It’s great that we want to help people to stay in their homes, but that only works if we have enough home support workers to support them, which, currently, we don’t.”

Despite dedicating 73.8 million to environmental and climate change protection in this year’s budget, the Houston government announced last week that it wouldn’t proclaim the 2019 Coastal Protection Act that was previously supported by all parties, instead placing the burden of predicting climate change on the shoulders of everyday Nova Scotians.

“It’s interesting to see the budget dedicate money to protecting biodiversity in forestry and to help businesses convert to clean energy, while the Houston government is directly responsible for shirking their duty to protect the Nova Scotian coastline,” said McFadgen. “The Houston government’s solution to everything seems to be an app. First in health care, and now in environmental protection. An app can’t solve everything.”

:sm/cope 491

Contacts

For more information:


Nan McFadgen

CUPE Nova Scotia President

(902) 759.3231

Taylor Johnston

Atlantic Communications Representative

tjohnston@cupe.ca

This recognition honours the substantial contributions of Robert (Bob) Lee and Michael Audain, who have contributed a combined $10M in support of this project

VANCOUVER, British Columbia–(BUSINESS WIRE)–The Vancouver Chinatown Foundation today announced the official name for the 58 West Hastings project: Bob & Michael’s Place. The naming of one of the most innovative community housing projects is in recognition of two of Vancouver’s most influential philanthropists and supporters of community development, Robert (Bob) Lee and Michael Audain. Both Bob and Michael were early supporters of the 58 West Hastings project, bringing together some of the city’s top developers, builders, and architects, alongside a combined donation of $10M to bring this industry-defining project to life.

Bob & Michael’s Place has been a vision of the Vancouver Chinatown Foundation since the foundation was established in 2011. Recognizing that the revitalization of Chinatown cannot be successful without addressing the needs of its neighbours, Bob & Michael’s Place is a response to one of the neighbourhood’s greatest needs—affordable community housing. Committed to creating a home where residents can thrive in the community, Bob & Michael’s Place aspires to be a model for the future of social housing in Canada.

“My father, Bob Lee, and Michael Audain have played significant roles in shaping Vancouver into the city that it is today. Both of these men have deep connections to this neighbourhood and have long fought for and centred their work on community wellbeing. When it came down to who this transformative initiative would be named after, we wanted to honour both of their incredible legacies,” said Carol Lee, Chair of the Vancouver Chinatown Foundation. “By improving and increasing the supply of quality housing in Chinatown and surrounding neighbourhoods, Bob & Michael’s Place is the realization of a key strategy of the Vancouver Chinatown Foundation. This is an exciting moment for everyone who has worked on this project.”

Over the course of their careers, Bob and Michael have been catalysts in both Vancouver’s real estate industry and philanthropic community. United by a profound commitment to community stewardship and fostering positive change, Bob and Michael formed a deep and enduring friendship that has translated to numerous joint initiatives over the years serving the wider Vancouver community.

“What the Vancouver Chinatown Foundation has achieved with Bob & Michael’s Place is truly remarkable, and the project will no doubt be transformational for Chinatown and its neighbouring communities,” said Michael Audain, CEO and Chairman of Polygon Homes Ltd. “Bob and I have always believed in the power of philanthropy to make a difference, and this project epitomizes that belief. I’m a long-time supporter of the Vancouver Chinatown Foundation, and I’m thrilled to see this project come to fruition.”

Slated to open in Spring 2024, Bob & Michael’s Place will provide 231 new independent living homes alongside the Lily Lee Community Health Centre Hastings, a 50,000-square-foot integrated health centre, named after the prominent Vancouver philanthropist, and Lee’s wife, Lily Lee, that will serve the entire community. This project aims to uplift the community through infrastructure built around the needs of those who live and work in the neighbourhood.

Unique to Bob & Michael’s Place is the Community Partnerships Program that will connect residents with local organizations specializing in wellness, life skills, mentoring, sports, culture and entertainment. These partners will provide access to programming and experiences designed with the needs and interests of the residents in mind. Those who engage with the opportunities offered by the Community Partners will learn invaluable life skills, develop new confidence, and be active participants in the neighbourhood.

Bob & Michael’s Place is slated to start moving in tenants in May 2024, and tenancy applications are now available online here. For more information about Bob & Michael’s Place, visit bobandmichaelsplace.org.

About Vancouver Chinatown Foundation

The Vancouver Chinatown Foundation is a registered charity committed to the revitalization of Chinatown, one of Canada’s most iconic neighbourhoods in the historic heart of Vancouver. The Foundation builds more resilient and inclusive communities by promoting the well-being of those in need while preserving Chinatown’s irreplaceable cultural heritage. Learn more at chinatownfoundation.org.

Media Assets
Images available here

Contacts

Media
Stuart Martin

Public Relations Manager

213-235-8581

stuart@talkshopmedia.com

BOGOTÁ, Colombia & LIMA, Peru & SANTIAGO, Chile–(BUSINESS WIRE)–#Acquisition–H.I.G. Capital, LLC (“H.I.G.”) a leading global alternative investment firm with $60 billion of capital under management, is pleased to announce that its portfolio company, Grupo Ransa (“Ransa” or the “Company”), has completed the acquisition of Loginsa. Ransa is the leading third-party logistics (“3PL”) player in Latin America with operations in 11 countries and 72 locations.

Loginsa is a leading 3PL player in Chile specializing in cold and dry storage, distribution, last-mile delivery, and customized logistics, especially in the pharmaceutical industry. Loginsa has more than 230,000 square meters of dry and cold storage and caters to a premium client base in Chile, including over 150 customers in multiple industries throughout the country.

This strategic acquisition marks a significant milestone for Ransa as it strengthens its footprint across the entire Pacific Coast of Latin America, spanning 12 countries from Mexico to Chile. The transaction is expected to enhance its multi-national service offering and bring substantial value for clients in the region. With this acquisition, Ransa now operates in 95 locations regionally, covering over 4,250,000 square meters of infrastructure.

Paolo Sacchi, CEO of Ransa, emphasized the cultural and operational synergies between the two companies. “Our integration with Loginsa enables us to offer seamless regional services across 12 countries, responding swiftly to challenges and delivering an unparalleled customer experience to our clients.”

Fernando Ovalle, Founder & Executive Chairman of Loginsa, expressed enthusiasm about the transaction, stating, “Loginsa will benefit from the regional network, support, and capabilities of Ransa, gaining access to new opportunities for growth and improvement. Both companies share a vision of excellence, customer orientation, and commitment to sustainable development.”

Fabio Saad, Managing Director of H.I.G. Latin America and Head of H.I.G. for the Andean Region, commented, “The acquisition of Loginsa marks an important milestone in our plan to expand our logistics platform in the region. This strategic move allows Ransa to cover the entire Pacific Coast, and we are thrilled with the opportunities this acquisition presents.”

Moonvalley Capital served as exclusive financial advisor, and Carey & Cia served as exclusive legal advisor to the shareholders of Loginsa. Barros & Errazuriz served as legal advisor to Ransa.

About Ransa

Founded over 85 years ago, Ransa is one of the leading third-party logistics (“3PL”) operators in Latin America with operations in the Andean and Central American regions. The Company has an extensive regional footprint with critical mass and network in 11 countries and 72 locations, in which it has over 8,600 workers and operates over 4 million square meters of infrastructure. It has become a one-stop shop solution, offering an efficient and integral 3PL service to blue-chip clients and large multinationals in Latin America. Ransa has a highly-diversified client revenue base with over 3,000 clients operating in various industries such as consumer, food & beverage, retail, fishing and agribusiness, mining and energy, freight forwarding, automotive and electronics, among others. For more information, please visit ransa.biz.

About Loginsa

Loginsa, a Chilean logistics operator founded in 1994, specializes in providing cold and dry storage solutions, distribution centers, last-mile delivery, and customized logistics consulting. Loginsa serves various industries, including retail and pharmaceuticals. For more information, please visit loginsa.com.

About H.I.G. Capital

H.I.G. is a leading global alternative investment firm with $60 billion of capital under management.* Based in Miami, and with offices in Atlanta, Boston, Chicago, Dallas, Los Angeles, New York, and San Francisco in the United States, as well as international affiliate offices in Hamburg, London, Luxembourg, Madrid, Milan, Paris, Bogotá, Rio de Janeiro, São Paulo, and Dubai, H.I.G. specializes in providing both debt and equity capital to middle market companies, utilizing a flexible and operationally focused/value-added approach:

• 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.
• 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.
• H.I.G.’s real estate funds invest in value-added properties, which can benefit from improved asset management practices.
• 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 $53 billion. For more information, please refer to the H.I.G. website at hig.com.

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

Contacts

Fabio Saad

Managing Director

fsaad@hig.com

Innovative Door Delivering Superior Air Circulation and Sound Privacy Showcased at IBS 2024

VANCOUVER, Canada–(BUSINESS WIRE)–Introducing the most significant innovation in the interior-door market in years, VanAir unveils the VanAir Door, featuring a patented, built-in ventilation system, exceptional acoustics, and superb aesthetics. Designed for both commercial and residential applications, the VanAir Door features staggered slot openings on the door’s opposing faces to create a unique through-door airflow channel for enhanced air circulation. The new VanAir Door is being showcased at the International Builder Show (IBS) in Las Vegas, in the BC Wood booth, C2449, Central Hall.

The need for ventilated doors is acute. Indoor air quality is critical for a healthy living environment. Air circulation helps reduce air pollutants such as CO2, which can lead to respiratory illnesses, poor sleep, and breathing disorders. Proper ventilation also helps dissipate humidity to prevent mold and bacteria growth in bathrooms, balances air pressure and temperatures throughout a building, and prevents heat buildup in laundry and mechanical rooms.

Aesthetically, the VanAir Door allows architects and interior designers to avoid unsightly vents, grills, and louvers, while meeting the most stringent building codes. The new ventilated door can be installed in a wide variety of interior environments, including commercial spaces, single and multi-family residential housing, hotels, schools, and healthcare facilities.

The VanAir Door also delivers outstanding sound privacy, with sound absorption on par with solid-core doors. Built-in acoustic baffles isolate sound at both low and high frequencies, achieving an independently-tested Sound Transmission Class (STC) rating of 26.

“We’ve needed a higher-performing interior door in our homes and in our workplaces for decades, one designed to promote better air quality and healthier indoor environments,” said Vick Yau, Co-Founder, VanAir. “The technology we’ve integrated into our VanAir Door not only promotes superior air quality, it offers outstanding acoustic performance, and has a look architects and interior designers covet.”

VanAir Door specs:

• Designed to fit standard 1-3/4” and 1-3/8” door openings.
• Available up to 4’0” in width and 10’0” in height.
• Suitable for hinged, pocket, double door, and sliding applications.
• Accepts all standard hardware, closers, and sweeps.
• Provides the equivalent airflow of a 12” x 12” louver.
• Delivers the sound privacy of a solid core door.
• Available pre-primed for custom painting, or in five rich wood-grain finishes: Ash, Fir, Oak, Sapele, and Walnut.

For more information on the VanAir Door, visit VanAir or call 844 -757-6437

About VanAir

Inventor of state-of-the-art acoustical and ventilating solutions for interior doors, Vancouver BC-based VanAir is dedicated to the creation of aesthetically designed doors that provide better airflow and sound privacy throughout interior spaces. Designed for both work and home-living spaces, VanAir serves the commercial, multifamily, and single-family residence markets. The patented VanAir Door is available throughout North America. For more information, visit www.vanairdesign.com.

Contacts

Ray Vincenzo

rayvincenzo@vincenzomarketing.com
(206) 290-4431

CARY, N.C.–(BUSINESS WIRE)–Recent strides in product development are not only positioning Cornerstone Building Brands’ Canadian Business Unit as a frontrunner in the building materials sector — they are also contributing to a paradigm shift in architectural solutions across North America.

“In the building materials industry, where evolution is often a driver of success, we’re proud to introduce new and exciting innovations that continue to answer the needs of customers across the board,” says Lisa Domnisch, President of the Canadian Business Unit at Cornerstone Building Brands. “We’ve used materials science research to develop better performing and more sustainable products, and we’ve introduced pioneering designs by partnering with industry influencers. We’re excited to be incorporating new trends that are leading the market in form, structure and colour.”

SENTINEL ENTRY DOOR SYSTEM^TM BY NORTH STAR WINDOWS & DOORS

Drawing inspiration from the vigilance of actual sentinels, the Sentinel Entry Door System^TM is a testament to North Star Windows & Doors’ reliability and durability — but with a few modern twists. The system boasts a composite frame designed for longevity and weather resistance, and its closed cellular structure and rigid poly-fiber formulation prevent rot, decay and water absorption. This all contributes to a door system that will stand guard for years to come.

What truly sets Sentinel Entry Door System^TM apart is the customization options. Customers can choose from one or two panels, single or double sidelites and optional rectangular or elliptical transoms, allowing homeowners to fine-tune an entrance that aligns with their unique aesthetic preferences. The variety of doorlite glass types, including Obscure, Decorative, Wrought Iron and Clear Low-E glass, further adds to the versatility. Whether customers are seeking the durability of steel or the elegance of fiberglass, Sentinel Entry Door System^TM can make their home a bastion of style and security.

For further information, visit northstarwindows.com.

FUSION COLOUR WRAP^TM BY PLY GEM^®

For those who value form and function in equal measure, the Ply Gem^® brand has introduced a brilliant solution to transform the appearance of dated vinyl windows and sliding patio doors. The innovative technology behind Fusion Colour Wrap^TM involves applying a multi-layered laminate film with precise heat application, creating a permanent bond between wrap and vinyl. The result is a sleek and durable surface area that is as tough as it is low maintenance. Interior film options for the Design Series allow for a modern, aluminum-clad exterior with enhanced and contemporary interior colour options through Fusion Colour Wrap^TM.

Resistant to scratches and abrasions and easy to clean with standard household products, Colour Wraps^TM are an excellent choice for high-traffic areas both inside and outside the home. These wraps are impervious to common environmental pollutants like carbon monoxide and particulate matter, and are resistant to chipping and peeling. In contrast to painted alternatives, the product has been designed to withstand the extreme temperature fluctuations found in most parts of Canada. Coupled with a 20-year warranty, this means longevity is ensured even in the harshest climates.

For further information, visit plygem.ca.

WEST RIDGE SIDING BY MITTEN^®

The West Ridge of Mount Everest is known as one of the most difficult ways to reach the top of the world. Only a handful of climbers have reached the summit using the route, and it requires incredible commitment, planning and teamwork to even muster an attempt. Mitten^®’s West Ridge line embodies the essence of this achievement, highlighted by the product’s strength, rigidity and resilience in tough conditions.

West Ridge delivers the essence of genuine wood siding without the hassle of constant maintenance. Our 8” plank, with its .046” thickness, embodies the timeless elegance of hand-cut wood, offering enduring beauty with minimal upkeep. Expertly designed with an impressively broad 8” profile width and a stacked locking system, the plank boasts additional panel strength with a rigid foam backing — all while being ultra lightweight and incredibly easy to install in horizontal, vertical and porch ceiling applications. Available in eight must-have colours, West Ridge is backed by Mitten^®’s lifetime warranty and signature No Fade Promise.

For further information, visit mittensiding.com.

LEARN MORE AT THE INTERNATIONAL BUILDERS’ SHOW

Cornerstone Building Brands is built for what’s next. With unrelenting customer focus, a strong emphasis on quality and performance and an expansive network of manufacturing hubs, distribution centers and sales branches, Cornerstone Building Brands is poised to forge ahead in 2024 as a leading provider for building professionals who are navigating the challenges of tomorrow, today.

Interested in learning more? Visit Cornerstone Building Brands at the 2024 International Builders’ Show^® ️at Booth C3830 or online at cornerstonebuildingbrands.com.

ABOUT CORNERSTONE BUILDING BRANDS

Cornerstone Building Brands is a leading manufacturer of exterior building products for residential and low-rise non-residential buildings in North America. Headquartered in Cary, N.C., we serve residential and commercial customers across the new construction and repair & remodel markets. Our market-leading portfolio of products spans vinyl windows, vinyl siding, stone veneer, metal roofing, metal wall systems and metal accessories. Cornerstone Building Brands’ broad, multi-channel distribution platform and expansive national footprint includes approximately 18,000 employees at manufacturing, distribution and office locations throughout North America. Corporate stewardship and environmental, social and governance (ESG) responsibility are embedded in our culture. We are committed to contributing positively to the communities where we live, work and play.

Contacts

Jennifer Candlish

Communications Director

Jan Kelley

jcandlish@jankelley.com
905-537-6163