CALGARY, Alberta–(BUSINESS WIRE)–#AlwaysAbove–FulcrumAir and PLP have partnered to launch the world’s most advanced automated robotic system for installing helically-shaped bird diverters on overhead power lines. The Mini LineFly™ is a revolutionary unmanned system that automatically and precisely installs PLP’s BIRD-FLIGHT™ Diverters on overhead lines, helping to significantly reduce safety concerns for lineworkers while also exponentially increasing project efficiency.

“We are excited to collaborate with FulcrumAir to launch this newest addition to our expanding lineup of robotic installation solutions,” said Ryan Ruhlman, President of PLP. “The Mini LineFly not only offers the most efficient method for installing bird diverters but, more significantly, contributes to enhancing the safety environment for utility workers around the world.”

The Mini LineFly accurately places PLP BIRD-FLIGHT Diverters at predetermined intervals, maximizing the performance to help safeguard wildlife from accidental contact with power lines. This critical wildlife protection device reduces the probability of unintended bird collisions by enhancing line visibility, helping to protect diverse avian species and mitigate potential costly and problematic power outages.

The first implementation of robotically installed PLP BIRD-FLIGHT Diverters took place during the recent High Banks Wind Project in Kansas. Nearly 15,000 bird diverters were installed using robotics along the 75-mile 345 kV transmission line spanning Marshall, Republic, and Washington counties. The High Banks Wind Project delivers approximately 600 megawatts of dependable renewable energy to customers in the American Midwest.

“We are extremely pleased with how the Mini LineFly performed during this demanding project,” said Patrick Arnell, President & CEO of FulcrumAir. “Our mission is to develop and operate equipment that assists electric utilities with the industry’s ongoing challenges, including staffing shortages, the increased need for safer work sites, and overall project efficiency requirements.

Alongside the Mini LineFly, FulcrumAir and PLP also recently introduced the CSR-18™ Robot, a state-of-the-art robotic installation system designed for PLP CUSHION-GRIP® Twin Spacers. Both cutting-edge robotic solutions are fully operational worldwide, with multiple projects initiated globally.

ABOUT FULCRUMAIR

Founded in 2016 and having invested over 60,000 hours into design and engineering to date, FulcrumAir is the leader in aerial robotics for the powerline industry. FulcrumAir’s portfolio of UAVs and aerial robotics are specifically designed to address critical challenges facing electric utilities by robotically performing line construction tasks such as installing line spacers and bird flight diverters. Additional robotic solutions are currently under development.

ABOUT PLP

PLP protects the world’s most critical connections by creating stronger and more reliable networks. The company’s precision-engineered solutions are trusted by energy and communications providers worldwide to perform better and last longer. With locations in over 20 countries, PLP works as a united global corporation, delivering high-quality products and unparalleled service to customers around the world.

Contacts

PLP
JOSH NELSON
MANAGER, MARKETING COMMUNICATIONS

+1 440 473 9120

JOSH.NELSON@PLP.COM

FULCRUMAIR
PATRICK ARNELL
PRESIDENT & CEO

+1 403 617 0109

PARNELL@FULCRUMAIR.COM

 

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

TORONTO–(BUSINESS WIRE)–#valueforgenerations–Choice Properties Real Estate Investment Trust (“Choice Properties”) (TSX: CHP.UN) announced today that the trustees of Choice Properties have declared a cash distribution for the month of January, 2024 of $0.0625 per trust unit, representing $0.75 per trust unit on an annualized basis, payable on February 15, 2024 to Unitholders of record at the close of business on January 31, 2024.

About Choice Properties Real Estate Investment Trust

Choice Properties is a leading Real Estate Investment Trust that creates enduring value through the ownership, operation and development of high-quality commercial and residential properties.

We believe that value comes from creating spaces that improve how our tenants and communities come together to live, work, and connect. We strive to understand the needs of our tenants and manage our properties to the highest standard. We aspire to develop healthy, resilient communities through our dedication to social, economic, and environmental sustainability. In everything we do, we are guided by a shared set of values grounded in Care, Ownership, Respect and Excellence.

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

Contacts

For further information:
Mario Barrafato

Chief Financial Officer

Choice Properties REIT

(416) 628-7872

Mario.Barrafato@choicereit.ca

DALLAS–(BUSINESS WIRE)–AECOM (NYSE:ACM), the world’s trusted infrastructure consulting firm, today announced that it intends to issue its first quarter fiscal 2024 earnings results after the U.S. market closes on February 5, 2024. The Company will also host a conference call and webcast with analysts and investors on February 6, 2024, at 8 a.m. Eastern Time / 7 a.m. Central Time, during which management will present the Company’s financial results and outlook, strategic accomplishments, and market and business trends.

The webcast and a replay will be available online at https://investors.aecom.com. The press release and presentation slides will be available on the Company’s website the day of the call and will contain additional financial information.

The conference call can be accessed directly by dialing 800-599-5188 (U.S.) or an international number at https://events.q4irportal.com/custom/access/2324/ and entering passcode 7295287.

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 US$14.4 billion in fiscal year 2023. See how we are delivering sustainable legacies for generations to come at aecom.com and @AECOM.

Contacts

Media Contact:
Brendan Ranson-Walsh

Senior Vice President, Global Communications

1.213.996.2367

Investor Contact:

Will Gabrielski

Senior Vice President, Finance & Investor Relations

1.213.593.8208

TORONTO–(BUSINESS WIRE)–RioCan Real Estate Investment Trust (“RioCan”) (TSX: REI.UN) today announced a distribution of 9 cents per unit for the month of January. The distribution will be payable on February 7, 2024, to unitholders of record as at January 31, 2024.

About RioCan

RioCan is one of Canada’s largest real estate investment trusts. RioCan owns, manages and develops retail-focused, increasingly mixed-use properties located in prime, high-density transit-oriented areas where Canadians want to shop, live and work. As at September 30, 2023, our portfolio is comprised of 192 properties with an aggregate net leasable area of approximately 33.6 million square feet (at RioCan’s interest) including office, residential rental and 10 development properties. To learn more about us, please visit www.riocan.com.

Contacts

RioCan
Kim Lee

Vice President, Investor Relations

(416) 646-8326

TORONTO–(BUSINESS WIRE)–Slate Grocery REIT (TSX: SGR.U) (TSX: SGR.UN) (the “REIT”), an owner and operator of U.S. grocery-anchored real estate, announced today that it will be releasing its fourth quarter and year end 2023 financial results before market hours on Wednesday, February 14, 2024. Senior management will host a live conference call at 9:00 am ET on Wednesday, February 14, 2024 to discuss the results and ongoing business initiatives of the REIT.

Conference Call Details

The conference call can be accessed by dialing (416) 764-8658 or 1 (888) 886-7786. Additionally, the conference call will be available via simultaneous audio found at https://viavid.webcasts.com/starthere.jsp?ei=1651238&tp_key=bcd585b97b. A replay will be accessible until February 28, 2024 via the REIT’s website or by dialing (416) 764-8692 or 1 (877) 674-7070 (access code 968854#) approximately two hours after the live event.

About Slate Grocery REIT (TSX: SGR.U / SGR.UN)

Slate Grocery REIT is an owner and operator of U.S. grocery-anchored real estate. The REIT owns and operates approximately U.S. $2.4 billion of critical real estate infrastructure across major U.S. metro markets that communities rely upon for their daily needs. The REIT’s resilient grocery-anchored portfolio and strong credit tenants provide unitholders with durable cash flows and the potential for capital appreciation over the longer term. Visit slategroceryreit.com to learn more about the REIT.

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.

SGR-FR

Contacts

For Further Information
Investor Relations

+1 416 644 4264

ir@slateam.com

PLANO, Texas–(BUSINESS WIRE)–NTT DATA, a global digital business and IT services leader, and Mark Development, a developer of mixed-use residential, commercial and retail projects throughout the Northeast United States, have announced a collaboration to deploy a Smart Solutions pilot focused on sustainable living. The pilot project aims to further Mark Development’s goal to enhance their sustainability initiatives by creating connected experiences and engagement through more conscious purpose-driven sustainable practice.

The pilot will use NTT DATA’s Smart Management Platform (SMP) to collect data from several sources in the Trio Development Complex in Newton, Massachusetts. It will generate results and recommendations for both tenants and management on how they can decrease their environmental effect by means of energy conservation, temperature control and public transit choices.

“We are excited to deploy NTT Group’s Smart Solutions technology as a part of our comprehensive commitment to sustainability,” said Damien Chaviano, Principal, Mark Development. “In a community that is deeply committed to sustainability, our residents value the investments we have made in efforts to reduce energy consumption. The technology embodied in NTT Group’s products maximizes the power of data to help drive sustainable choices.”

NTT DATA’s SMP uses a digital twin foundation to import and configure key data such as building, unit, tenant, transit and weather information from multiple data sources. The platform will use the data to develop a web-based program and dashboard that will provide insight to support a data-driven, environmentally conscious lifestyle. The web applications will enable tenant interaction, recommended events, exclusive personalized content (personal goals, leaderboard games) to enhance tenants’ experiences and engagement in real time.

“Mark Development is paving the road to environmentally conscious living,” said Dave Turner, Division President, State & Local Government and Education, NTT DATA Services. “We are pleased to work with Mark Development and be part of their vision of creating purpose-driven, sustainable living experiences for their tenants.”

Visit NTT DATA Smart Solutions to learn more about NTT Group’s Smart Solutions.

The pilot’s data will be utilized to offer Mark Development’s operations personnel and residents a comprehensive look into their individual habits of use, and aid Mark Development in achieving their sustainability objectives for existing and upcoming locations. This data will help Mark Development identify areas for improvement and make future locations more sustainable.

About Mark Development

Mark Development is focused on creating dynamic communities via thoughtful development. Rooted in a long history of retail-anchored projects, the Mark Development team builds on years of experience to create mixed-use communities that combine housing, retail, office and community uses to create a sense of place.

About NTT DATA

NTT DATA is a $30 billion trusted global innovator of IT and business services. We help clients transform through business and technology consulting, industry and digital solutions, applications development and management, managed edge-to-cloud infrastructure services, BPO, systems integration and global data centers. We are committed to our clients’ long-term success and combine global reach with local client service in over 80 countries. Visit nttdata.com or LinkedIn to learn more.

Contacts

public.relations@nttdata.com

CALGARY, Alberta–(BUSINESS WIRE)–Lafarge Canada today announced its combined effort with nidus3D in supplying its OneCem low-carbon cement in Canada’s largest 3D-printed housing project, aimed at addressing the acute housing challenges faced by the SikSika Nation.

While nidus3D has successfully completed 3D-printed housing projects in Ontario, this marks the first venture of its kind in Alberta. Located one hour’s drive east from the city of Calgary, the project named “Kakatoosoyiists” (Star Lodge) will consist of 4 buildings, comprising a total of sixteen units, each specifically designed to provide a supportive haven for individuals of SikSika Nation fleeing domestic violence or facing homelessness.

This initiative directly confronts a pressing issue underscored by the Social Planning & Research Council of Hamilton. According to their report, Indigenous peoples in Canadian cities are eight times more likely to face homelessness compared to the general population.

Lafarge is supplying its OneCem low-carbon cement for this project, recognized for its ability to deliver a reduced carbon footprint. When manufactured, the higher limestone content of OneCem translates into a reduction of greenhouse gas emissions—up to ten percent when compared to traditional Portland cement. OneCem achieves this sustainable advantage while maintaining its strength, durability, performance and workability.

“Our shared goal with nidus3D extends beyond mere innovation,” says Brad Kohl, president and CEO of Lafarge Canada (West). “This project is about helping address the critical housing needs of the nation and foster a resilient, inclusive future through sustainable construction practices. We were proud to contribute to this project.”

nidus3D, a leading innovator in 3D-printed housing, is excited to bring its expertise to Alberta.

“Nidus3D is honoured and energized to be working with Siksika First Nation and Lafarge Canada on this innovative Canadian first,” says Ian Arthur, nidus3D’s president. “This multi-build development will not only provide much needed housing but show the immense potential of 3D construction printing to address Canada’s housing crisis. This project will demonstrate efficiencies and savings the technology can deliver through rapid, repeatable construction.”

With the construction underway, this collaboration stands as a testament to the potential of combining expertise, resources, and a shared commitment to building not just structures but sustainable, supportive communities for a brighter future. The project is expected to be completed by March 31^st, 2024.

About nidus3D

Founded in 2021, nidus3D is an innovative Canadian robotic construction company delivering rapid, low cost printed structures with automated, on-site3D concrete printing. As a process driven company, nidus3D is leading technology driven innovation in the construction sector to revolutionize the way homes are built. nidus3D has completed multiple proof-of-concept projects, including Canada’s first residentially-permitted 3D-printed structures and North America’s first two-story and three-story 3D-printed building and is currently scaling 3D construction printing across Canada. With its proven technology, nidus3D is ready to lead 3D construction printing into the future.

About Lafarge Canada Inc.

Lafarge Canada is a subsidiary of Holcim, a global leader in innovative and sustainable building solutions. Driven by its purpose to build progress for people and the planet, its 60,000 employees are on a mission to decarbonize building, while improving living standards for all. The company empowers its customers across all regions to build better with less, with its broad range of low-carbon and circular solutions, from ECOPact to ECOPlanet. With its innovative systems, from Elevate’s roofing to PRB’s insulation, Holcim makes buildings more sustainable in use, driving energy efficiency and green retrofitting. With sustainability at the core of its strategy, Holcim is becoming a net-zero company with 1.5°C targets validated by SBTi.

www.lafarge.ca

Contacts

Kristen Marston

Communications and Marketing Coordinator, Western Canada

Lafarge Canada Inc.

kristen.marston@lafarge.com

Rafael Olvera Guel

Sales and Marketing Manager

Nidus3D

rafael.guel@nidus3D.com

MONTREAL–(BUSINESS WIRE)–BrainBox AI, a pioneer in autonomous building technology, announced today that it has joined the Amazon Web Services (AWS) Partner Network (APN) to deliver its cutting-edge AI-driven solution to AWS customers in the public and private commercial and retail real estate sectors. The APN is a global community of AWS partners that leverages programs, expertise, and resources to build, market, and sell customer offerings.

“With AWS at the core of our AI-driven solutions and technology infrastructure, BrainBox AI is honored to join the APN,” said Jean-Simon Venne, Co-founder and Chief Technology Officer at BrainBox AI. “Many years ago, we decided to build and host our solution on the AWS Cloud because it offers the scalability and flexibility that is necessary to handle our vast and rapidly growing data volumes, seamlessly integrating with building systems worldwide. Our path to joining this elite network required us to meet AWS’s rigorous security, reliability, and operational standards. Doing so has been both a privilege and a testament to our commitment to product and customer excellence as we continue to deliver on our mission to help save the planet with AI.”

The company’s AI solution leverages internal and external data, proprietary algorithms, and artificial intelligence to completely change how HVAC systems operate in buildings. Powered by AI, it maps the numerous zones of a commercial building, learns, and quickly acts on that data to predict future states, and modulate pieces of equipment autonomously. For example, by predicting the temperature in a retail store based on historical data and external datasets, like weather, BrainBox AI can decrease energy costs by up to 25%, reduce the carbon emissions by up to 40%, and improve customers’ comfort by up to 60%. It transforms an HVAC system from one that solely reacts to thermostat readings with no information relating to weather or the energy grid, to one that considers the building’s external environment to make much smarter decisions.

BrainBox AI also recently announced its collaboration with AWS and Amazon Bedrock for the development of its Generative AI solution, set to be released in the coming weeks. BrainBox AI will bring a new GenAI-powered innovation geared toward facility and building managers that will catapult its platform capabilities to an industry-defining level. The new product will take on the role of an intuitive and autonomous building operations co-pilot to further facilitate the work and decision-making processes of building operators and facilities managers.

As an APN member, BrainBox AI joins an extensive, global network of partners from more than 150 countries working with AWS to provide innovative solutions, solve technical challenges, win deals, and deliver value to mutual customers.

NRF 2024: The Retail Expo; January 14 – 16

Representatives from BrainBox AI’s executive team will be on site at the National Retail Federation’s Retail’s Big Show Conference & Expo in New York City. Conference attendees with inquiries concerning this news release are encouraged to visit BrainBox AI’s booths, located in the AWS Partner Pavilion #6020 or Booth #8045 in the Innovation Zone of the Riverside Pavilion, at the Jacob K. Javits Convention Center.

About BrainBox AI

Founded in 2017, BrainBox AI was created to address two critical issues currently facing the built environment: carbon emissions and energy consumption. As innovators in the decarbonization movement, BrainBox AI’s game-changing HVAC technology leverages AI to make buildings smarter, greener, and more efficient. Through strategic global relationships, BrainBox AI elevates real estate clients across various sectors from office buildings and hotels to commercial retail, grocery stores, airports, and more.

Headquartered in Montreal, Canada, a global AI hub, our workforce of over 170 employees, bring with them talent from all sectors with the common thread of being in business to heal our planet. BrainBox AI works in collaboration with research partners including MILA – Quebec AI Institute, the Institute for Data Valorization (IVADO), as well as education institutions including McGill University. For more information: https://brainboxai.com

Contacts

Rebecca Handfield

Vice-President, Marketing & Public Relations

r.handfield@brainboxai.com

The Private Label program provides the opportunity for independent brokerages to maintain their existing brands, while the ProTeams program allows both teams and independent brokerages to customize their financial models on a per agent basis from a single dashboard

TORONTO & NEW YORK–(BUSINESS WIRE)–$REAX #therealbrokerage–The Real Brokerage Inc. (NASDAQ: REAX), today announced the launch of two programs that make it easier for the nation’s 100,000+ independent brokerages and team leaders to join Real, while maintaining the brands and compensation structures that are right for their businesses. Already the fastest-growing, publicly traded real estate brokerage as measured by agent growth, both programs are designed to clear the path for independent brokerages and fast-growing teams to benefit from the technology, tools, training and culture of collaboration and performance that Real provides.

“Real is a platform of possibilities. We are focused on providing agents and team leaders with the best platform from which to serve clients and build long-term wealth,” said Real President Sharran Srivatsaa. “In today’s market, independent brokerage owners and team leaders need a platform that gives them the ability to scale. Our Private Label and ProTeams programs give owners and team leaders the power to overlay the Real model – and all of the benefits associated with being a part of the fastest-growing, publicly traded brokerage firm – without losing their brand or having to alter their economic plan.”

Real Chairman and CEO Tamir Poleg said, “We’ve kicked off 2024 on a strong note, with over 500 agents joining Real in the first week alone, pushing our network past the 14,000 agent mark. With the launch of these new programs, we’re set to further accelerate our growth, providing unparalleled opportunities for independent brokerages and teams to expand their businesses with unmatched flexibility and support.”

Private Label

Specifically designed for independent brokerages that have spent years building a brand in their local marketplace, Real’s Private Label program empowers brokerages to benefit from Real’s cutting-edge transaction management platform while maintaining and continuing to invest in their local brand, which often comes with a strong customer base and emotional attachment. The Private Label program will be available immediately to brokerages through an application process in states that allow this type of representation.

Real piloted the Private Label program in five markets over the last 12 months for close to $2 billion in sales volume, including Kofi Nartey and his 12-member Globl RED team, which joined in August 2023.

“Being able to maintain our existing brand and get all the benefits of a tech-forward brokerage partner was a game changer,” Nartey said. “We spent the previous three years launching our brand and building brand awareness. Real understood the value of what we had built with Globl RED and wanted to support our continued growth. The Private Label model made the transition easy, as we were able to have a seamless public facing brand transition, while working smoothly behind the scenes to onboard onto the platform. This allowed me and my team to keep our focus on our business and on our clients.”

ProTeams

Real’s ProTeams program, which launches today to select teams and which will be fully available throughout the U.S. and Canada by the end of the first quarter, gives team leaders the flexibility to customize their team members’ caps, splits and fee payments down to the individual team member level, allowing them to continue to embrace the structure that works best for them and reap the benefits associated with being a part of the Real platform.

According to Srivatsaa, the Private Label and ProTeams programs address the biggest concerns of independent brokerages and larger teams interested in making the move to Real.

“Last year, we introduced a number of agent-centric benefits, including healthcare benefits resources and co-sponsored and willable revenue sharing programs,” Srivatsaa said. “We are kicking off 2024 with a revenue share retirement benefits program for all Real agents and two game-changing programs that give individual brokerage owners and team leaders the ability to join Real with the brand they’ve spent millions of dollars building and the financial models that work best for them.”

About Real

Real (NASDAQ: REAX) is a real estate experience company working to make life’s most complex transaction simple. The fast-growing company combines essential real estate, mortgage and closing services with powerful technology to deliver a single seamless end-to-end consumer experience, guided by trusted agents. With a presence throughout the U.S. and Canada, Real supports more than 14,000 agents who use its digital brokerage platform and tight-knit professional community to power their own forward-thinking businesses.

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 the success of Real’s programs that are available to agents and 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, the success of Real’s programs 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, please contact:

Ravi Jani

Vice President, Investor Relations and Financial Planning & Analysis

investors@therealbrokerage.com
908.280.2515

For media inquiries, please contact:

Elisabeth Warrick

Senior Director, Marketing, Communications & Brand

elisabeth@therealbrokerage.com
201.564.4221

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

NOT FOR DISTRIBUTION IN THE UNITED STATES OR DISSEMINATION THROUGH U.S. NEWS OR WIRE SERVICES

TORONTO–(BUSINESS WIRE)–Dream Industrial REIT (TSX: DIR.UN) (the “Trust” or “Dream Industrial REIT”) announced today the closing of its previously announced private placement of senior unsecured debentures (the “Offering”) consisting of an additional issuance of C$200 million aggregate principal amount of 5.383% Senior Unsecured Debentures, Series F maturing on March 22, 2028 (the “Series F Debentures”).

The Series F Debentures are rated BBB with a Stable Trend by DBRS Limited. The Trust intends to use the net proceeds from the Offering to repay existing indebtedness and for general trust purposes.

The Series F Debentures have not been and will not be qualified for sale to the public under applicable securities laws in Canada and, accordingly, any offer or sale of the Series F Debentures in Canada will be made on a basis which is exempt from the prospectus requirements of such securities laws. The Series F Debentures will not be listed on any stock exchange and there will be no market for such securities. The Series F Debentures have not been, and will not be, registered under the United States Securities Act of 1933, as amended, or any state securities laws and may not be offered or sold in the United States and may not be offered or sold to other persons who are not residents of a province of Canada.

About Dream Industrial Real Estate Investment Trust

Dream Industrial REIT is an unincorporated, open-ended real estate investment trust. As at September 30, 2023, Dream Industrial REIT owns, manages and operates a portfolio of 322 industrial assets totaling approximately 70.6 million square feet of gross leasable area in key markets across Canada, Europe, and the U.S. Dream Industrial REIT’s goal is to deliver strong total returns to its unitholders through secure cash flows underpinned by its high-quality portfolio and an investment grade balance sheet as well as driving growth in its net asset value and cash flow per unit. For more information, please visit www.dreamindustrialreit.ca.

Forward Looking Information

This press release may contain forward-looking information within the meaning of applicable securities legislation. Forward-looking information generally can be identified by the use of forward-looking terminology such as “outlook”, “objective”, “may”, “will”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, “should”, “plans”, or “continue”, or similar expressions suggesting future outcomes or events. Some of the specific forward-looking information in this press release may include, among other things, statements regarding the intended use of net proceeds of the Offering. Forward-looking information is based on a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond the Trust’s control, which could cause actual results to differ materially from those that are disclosed in or implied by such forward-looking information. These risks and uncertainties include, but are not limited to, general and local economic and business conditions; employment levels; mortgage and interest rates; regulations; uncertainties around the timing and amount of future financings; geopolitical events, including disputes between nations, war and international sanctions; the financial condition of tenants; leasing risks, including those associated with the ability to lease vacant space; rental rates and the strength of rental rate growth on future leasing; and interest and currency rate fluctuations. The Trust’s objectives and forward-looking statements are based on certain assumptions, including that the general economy remains stable, interest rates remain stable, conditions within the real estate market remain consistent, rising replacement costs in the Trust’s operating markets remain steady, competition for acquisitions remains consistent with the current climate and that the capital markets continue to provide access to equity and/or debt. All forward-looking information in this press release speaks as of the date of this press release. The Trust does not undertake to update any such forward-looking information whether as a result of new information, future events or otherwise except as required by law. Additional information about these assumptions and risks and uncertainties is contained in the Trust’s filings with securities regulators, including its latest annual information form and MD&A. These filings are also available at the Trust’s website at www.dreamindustrialreit.ca.

Contacts

Dream Industrial REIT

Alexander Sannikov
President and Chief Executive Officer

(416) 365-4106

asannikov@dream.ca

Lenis Quan
Chief Financial Officer

(416) 365-2353

lquan@dream.ca

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

TORONTO–(BUSINESS WIRE)–DREAM RESIDENTIAL REAL ESTATE INVESTMENT TRUST (TSX: DRR.U and TSX: DRR.UN) announced today that the Toronto Stock Exchange (“TSX”) accepted a noticed filed by Dream Residential REIT (the “Trust”) to renew its prior normal course issuer bid for a one year period. Under the bid, the Trust will have the ability to purchase for cancellation up to a maximum of 1,174,446 of its Trust Units (the “Units”) (representing 10% of the Trust’s public float of 11,744,467 Units as of December 29, 2023) through the facilities of the TSX. The bid will commence on January 8, 2024 and will remain in effect until the earlier of January 7, 2025 or the date on which the Trust has purchased the maximum number of Units permitted under the bid. Daily repurchases will be limited to 2,258 Units, representing 25% of the average daily trading volume of the Units on the TSX during the last six calendar months (being 9,035 Units per day), other than purchases pursuant to applicable block purchase exceptions. As of December 29, 2023, the number of issued and outstanding Units was 12,645,268.

In connection with the renewal of its normal course issuer bid, the Trust has established an automatic securities purchase plan (the “Plan”) with its designated broker to facilitate the purchase of Units under the normal course issuer bid at times when the Trust would ordinarily not be permitted to purchase its Units due to regulatory restrictions or self-imposed blackout periods. Purchases will be made by the Trust’s broker based upon the parameters prescribed by the TSX and the terms of the parties’ written agreement. Outside of such restricted or blackout periods, the Units may also be purchased in accordance with Management’s discretion. The Plan has been pre-cleared by the TSX and will terminate on January 7, 2025.

The Trust has renewed its normal course issuer bid because it believes that Units may become available during the period of the bid at prices that would make the purchase of such Units for cancellation in the best interests of the Trust and its unitholders.

The Trust sought and received approval from the TSX on January 4, 2023 to purchase up to 973,418 Units for the period from January 6, 2023 to January 5, 2024. Under this bid the Trust purchased for cancellation 150,758 Units through the facilities of the TSX at a weighted average price per Unit of US$8.12 for a total cost of approximately US$1.2 million. Please note that the amount of Units repurchased under the bid was in line with both management and board strategy with respect to use of capital for Unit repurchases. Furthermore, the amount of Units that can be repurchased in the market under the TSX rules on a daily basis are subject to various trading restrictions which impact the amount that can be repurchased on a daily basis.

Dream Residential REIT is an unincorporated, open-ended real estate investment trust established and governed by the laws of the Province of Ontario. Dream Residential REIT owns a portfolio of garden-style multi-residential properties, primarily located in three markets across the Sunbelt and Midwest regions of the United States. For more information, please visit our website at www.dreamresidentialreit.ca.

Forward-Looking Information

This press release may contain forward-looking information within the meaning of applicable securities legislation, including with respect to future purchases of Units by the Trust. Forward-looking information is based on a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond the Trust’s control, which could cause actual results to differ materially from those that are disclosed in or implied by such forward-looking information. These risks and uncertainties include, but are not limited to, risks inherent in the real estate industry; financing risks; inflation, interest and currency rate fluctuations; global and local economic and business conditions; risks associated with unexpected or ongoing geopolitical events; changes in law; tax risks; competition; environmental and climate change risks; insurance risks; cybersecurity; and uncertainties surrounding the COVID-19 pandemic and other public health crises and epidemics. Our objectives and forward-looking statements are based on certain assumptions, including that the general economy remains stable; there are no unforeseen changes in the legislative and operating framework for our business; we will have access to adequate capital to fund our future projects and plans and that we will receive financing on acceptable terms; inflation and interest rates will not materially increase beyond current market expectations; and geopolitical events will not disrupt global economies. All forward-looking information in this press release speaks as of January 4, 2024. The Trust does not undertake to update any such forward-looking information whether as a result of new information, future events or otherwise, except as required by law. Additional information about these assumptions and risks and uncertainties is disclosed in filings with securities regulators filed on SEDAR+ (www.sedarplus.ca). These filings are also available at the Trust’s website at www.dreamresidentialreit.ca.

Contacts

Dream Residential REIT

Brian Pauls
Chief Executive Officer

(416) 365-2365

bpauls@dream.ca

Derrick Lau
Chief Financial Officer

(416) 365-2364

dlau@dream.ca

Scott Schoeman
Chief Operating Officer

(303) 519-3020

sschoeman@dream.ca

LADERA RANCH, Calif.–(BUSINESS WIRE)–SmartStop Self Storage REIT, Inc. (“SmartStop” or the “Company”), a self-managed and fully integrated self-storage company, today announced that H. Michael Schwartz, the Company’s Chairman and CEO, will moderate the Capital Markets Panel at the NYSSA Investment Forum. The panel will take place on Tuesday, January 9, 2024, in New York City at approximately 11:00 a.m. Eastern Standard Time for registered conference attendees.

About SmartStop Self Storage REIT, Inc. (SmartStop)

SmartStop Self Storage REIT, Inc. (“SmartStop”) is a self-managed REIT with a fully integrated operations team of approximately 500 self-storage professionals focused on growing the SmartStop® Self Storage brand. SmartStop, through its indirect subsidiary SmartStop REIT Advisors, LLC, also sponsors other self-storage programs. As of January 4, 2024, SmartStop has an owned or managed portfolio of 194 operating properties in 22 states and Canada, comprising approximately 137,000 units and 15.4 million rentable square feet. SmartStop and its affiliates own or manage 33 operating self-storage properties in Canada, which total approximately 28,800 units and 3.0 million rentable square feet. Additional information regarding SmartStop is available at www.smartstopselfstorage.com.

Contacts

David Corak
VP of Corporate Finance

SmartStop Self Storage REIT, Inc.

IR@smartstop.com