LONDON–(BUSINESS WIRE)–$KW–Canada Pension Plan Investment Board (CPP Investments) has partnered with global real estate investment company Kennedy Wilson (NYSE:KW) to launch a new single-family rental housing joint venture (“the JV”) in the United Kingdom. CPP Investments will initially commit £500 million, with Kennedy Wilson committing £56 million. The JV will have an initial target of approximately £1 billion of asset value, including leverage, with the potential to commit further capital depending on market opportunities. CPP Investments will hold 90% of the venture and Kennedy Wilson will hold a 10% ownership interest moving forward.

Through partnerships with housebuilders, the JV will target energy efficient, new-build housing stock in strong and growing local economies that offer residents excellent connectivity, attractive local amenities, and proximity to strong employment prospects and educational institutions.

The investment program is seeded with properties from two developments sourced by Kennedy Wilson, including units under construction by Barratt Redrow in Norwich, where Kennedy Wilson is now leasing up the first phase of completed homes, and units by Miller Homes in Stevenage, which will deliver completed houses from Q2 2025. Kennedy Wilson has an active pipeline of opportunities totaling over £360 million and 1,100 units, with the capacity to reach 4,000 units at full capital deployment.

“Private capital can play an important role in addressing the current undersupply of high-quality rental housing in the UK, particularly where it is professionally managed to provide a great customer experience,” said Tom Jackson, Head of Real Estate Europe at CPP Investments. “Investing into the UK single-family housing sector aligns well with our broader real estate strategy, to undertake scalable investments into high quality assets with growing cash flows. We look forward to launching the JV alongside Kennedy Wilson to deliver strong returns for 22 million contributors and beneficiaries of the CPP fund.”

Kennedy Wilson will manage the JV and earn customary fees, leveraging its expertise as a long-term owner, operator, and debt provider for rental housing with more than 60,000 units owned or financed by Kennedy Wilson managed platforms across the United States, the UK, and Ireland. The company’s established global residential platform comprises a vertically integrated investment, asset management, and development team, and operating and reporting systems.

“Residential has long been a crucial part of Kennedy Wilson’s investment strategy, and our JV with CPP Investments, a leading global institutional investor, will propel our efforts to deliver much-needed rental homes for local families,” said Mike Pegler, President, Kennedy Wilson Europe. “The structural challenges facing institutionally managed rental housing in the UK provides a clear investment rationale to enter the market and leverage our deep experience in the sector. We are actively seeking opportunities to grow our portfolio, which offers substantial scalability potential in the UK, driving consistent risk adjusted returns in this high-conviction subsector.”

About CPP Investments

Canada Pension Plan Investment Board (CPP Investments™) is a professional investment management organization that manages the Fund in the best interest of the more than 22 million contributors and beneficiaries of the Canada Pension Plan. In order to build diversified portfolios of assets, investments are made around the world in public equities, private equities, real estate, infrastructure and fixed income. Headquartered in Toronto, with offices in Hong Kong, London, Mumbai, New York City, San Francisco, São Paulo and Sydney, CPP Investments is governed and managed independently of the Canada Pension Plan and at arm’s length from governments. At June 30, 2024, the Fund totalled C$646.8 billion. For more information, please visit www.cppinvestments.com or follow us on LinkedIn, Instagram or on X @CPPInvestments.

About Kennedy Wilson

Kennedy Wilson (NYSE: KW) is a leading real estate investment company with over $27 billion of assets under management in high growth markets across the United States, the UK and Ireland. Drawing on decades of experience, our relationship-oriented team excels at identifying opportunities and building value through market cycles, closing more than $50 billion in total transactions across the property spectrum since going public in 2009. Kennedy Wilson owns, operates, and builds real estate within our high-quality, core real estate portfolio and through our investment management platform, where we target opportunistic investments alongside our partners. For further information, please visit www.kennedywilson.com.

Special Note Regarding Forward-Looking Statements

Statements in this press release that are not historical facts are “forward-looking statements” within the meaning of U.S. federal securities laws. These forward-looking statements are estimates that reflect our management’s current expectations, are based on our current estimates, expectations, forecasts, projections and assumptions that may prove to be inaccurate and involve known and unknown risks. Accordingly, our actual results, performance or achievement, or industry results, may differ materially and adversely from the results, performance or achievement, or industry results, expressed or implied by these forward-looking statements, including for reasons that are beyond our control. Some of the forward-looking statements may be identified by words like “believes”, “expects”, “anticipates”, “estimates”, “plans”, “intends”, “projects”, “indicates”, “could”, “may” and similar expressions. These statements are not guarantees of future performance and involve a number of risks, uncertainties and assumptions. We assume no duty to update the forward-looking statements, except as may be required by law.

KW-IR

Contacts

CPP Investments

Steve McCool

Public Affairs & Communications

+44 7780 224 245

smccool@cppib.com

Kennedy Wilson

Investors
Daven Bhavsar, CFA

Head of Investor Relations

+1 (310) 887-3431

dbhavsar@kennedywilson.com

European Media
Dido Laurimore and Eve Kirmatzis

+44 20 3727 1000

kennedywilson@fticonsulting.com

U.S. Media
Emily Heidt

Vice President, Communications

+1 (310) 887-3499

eheidt@kennedywilson.com

Unique product offering taps into an agent’s complete earnings picture to provide more financial freedom, while positioning Real at the forefront of merging fintech with real estate

TORONTO & NEW YORK–(BUSINESS WIRE)–$REAX #therealbrokerage–The Real Brokerage Inc. (NASDAQ: REAX), a technology platform reshaping real estate for agents, home buyers and sellers, today launched Real Wallet, a financial platform designed to provide agents with exceptional flexibility and control in managing their finances. Unveiled at RISE 2024, Real’s annual agent conference in Las Vegas, Real Wallet integrates earnings, revenue share and equity into one seamless platform.

Real Wallet enables agents to access their earnings faster by eliminating delays caused by legacy brokerage and banking systems, while offering real-time insights into their professional net worth.

“At Real we’re not just a real estate company—we are a technology platform designed to empower agents to grow their businesses,” said Tamir Poleg, Real’s Chairman and CEO. “Real Wallet is designed specifically for agents of the future, addressing a critical need by helping them better manage their finances and reinvest in their businesses. By merging fintech with real estate, we give agents the autonomy and flexibility needed to control their financial futures.”

At launch, Real Wallet will be available to select agents in the U.S. and Canada. U.S. agents can sign up for a business checking account with Thread Bank, Member FDIC, including a Real-branded debit card. Canadian agents will have access to a credit line based on their earnings history with Real. Future phases of Real Wallet aim to unify these features into a comprehensive financial solution for all business banking needs. Banking services in the U.S. are provided by Thread Bank, Member FDIC. The credit line available to Real agents in Canada will be provided directly by Real.

“We see AI as a transformative force driving the future of real estate,” said Pritesh Damani, Chief Technology Officer of Real. “Real Wallet represents a key step forward by integrating AI-powered insights with fintech tools, enabling agents to make more informed and efficient decisions. By harnessing the power of data and AI, we’ll soon provide agents with real-time analytics, personalized financial forecasting and tools for tax and retirement planning all designed to help them strategically grow their businesses and maximize their earnings potential.”

With Real Wallet, eligible agents step into a new era of financial autonomy, with the power to:

• Access earnings faster—eliminating delays from legacy brokerage and banking systems
• Gain real-time insights into their professional net worth
• Take full control of their business growth with enhanced financial freedom

Looking ahead, it is expected that Real Wallet users will have the opportunity to earn promotional rewards points redeemable toward reduced brokerage and transaction fees, further enhancing their financial flexibility. Expected integrations with Apple Pay and Google Pay will also help agents use Real Wallet in everyday transactions.

The Real Brokerage is a real estate technology company and is not a bank. Banking services provided by Thread Bank, Member FDIC. The Real Wallet Visa debit card is issued by Thread Bank, Member FDIC, pursuant to a license from Visa U.S.A. Inc. and may be used anywhere Visa cards are accepted.

About Real

Real (NASDAQ: REAX) is a real estate experience company working to make life’s most complex transaction simple. The fast-growing company combines essential real estate, mortgage and closing services with powerful technology to deliver a single seamless end-to-end consumer experience, guided by trusted agents. With a presence throughout the U.S. and Canada, Real supports more than 22,000 agents who use its digital brokerage platform and tight-knit professional community to power their own forward-thinking businesses.

Forward-Looking Information

This press release contains forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking information is often, but not always, identified by the use of words such as “seek”, “anticipate”, “believe”, “plan”, “estimate”, “expect”, “likely” and “intend” and statements that an event or result “may”, “will”, “should”, “could” or “might” occur or be achieved and other similar expressions. These statements reflect management’s current beliefs and are based on information currently available to management as of the date hereof. Forward-looking information in this press release includes, without limiting the foregoing, expectations regarding Real’s Real Wallet, including its features and its availability to 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, Real’s inability to successfully launch Real Wallet, termination of banking relationships or failure of bank or technology partners to perform services for Real Wallet, slowdowns in real estate markets, economic and industry downturns, Real’s ability to attract new agents and retain current agents and those risk factors discussed under the heading “Risk Factors” in the Company’s Annual Information Form dated March 14, 2024, a copy of which is available under the Company’s SEDAR+ profile at www.sedarplus.ca. These factors should be carefully considered and readers should not place undue reliance on the forward-looking statements. Although the forward-looking statements contained in this press release are based upon what management believes to be reasonable assumptions, Real cannot assure readers that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this press release, and Real assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law.

Contacts

Investor inquiries, please contact:

Ravi Jani

Vice President, Investor Relations and Financial Planning & Analysis

investors@therealbrokerage.com
908.280.2515

For media inquiries, please contact:

Elisabeth Warrick

Senior Director, Marketing, Communications & Brand

elisabeth@therealbrokerage.com
201.564.4221

TORONTO–(BUSINESS WIRE)–DREAM OFFICE REIT (TSX: D.UN) (“Dream Office” or the “Trust”) today announced its October 2024 monthly distribution of 8.333 cents ($1.00 annualized) per REIT Unit, Series A (“REIT A Units”). The October distribution will be payable on November 15, 2024 to unitholders of record as at October 31, 2024.

Dream Office REIT is an unincorporated, open-ended real estate investment trust. Dream Office REIT is a premier office landlord in downtown Toronto with over 3.5 million square feet owned and managed. We have carefully curated an investment portfolio of high-quality assets in irreplaceable locations in one of the finest office markets in the world. For more information, please visit our website at www.dreamofficereit.ca.

Contacts

For further information, please contact:

Michael J. Cooper

Chairman and Chief Executive Officer

(416) 365-5145

mcooper@dream.ca

Jay Jiang

Chief Financial Officer

(416) 365-6638

jjiang@dream.ca

TORONTO–(BUSINESS WIRE)–DREAM RESIDENTIAL REAL ESTATE INVESTMENT TRUST (TSX: DRR.U and TSX: DRR.UN) (“Dream Residential REIT” or the “REIT”) today announced its October 2024 monthly distribution in the amount of US$0.035 per unit (US$0.42 annualized). The October distribution will be payable on November 15, 2024 to unitholders of record as at October 31, 2024.

About Dream Residential REIT

Dream Residential REIT is an unincorporated, open-ended real estate investment trust established and governed by the laws of the Province of Ontario. The 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 www.dreamresidentialreit.ca.

Contacts

For further information, please contact:

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

TORONTO–(BUSINESS WIRE)–Dream Unlimited Corp. (TSX: DRM) (“Dream”) will be releasing its financial results for the quarter ended September 30, 2024, on Tuesday, November 12, 2024.

Senior management will be hosting a conference call to discuss the financial results. Participants may join the conference call by audio or webcast.

Conference Call:

Date:		Wednesday, November 13, 2024 at 10:00 a.m. (ET)
Audio:		1-844-763-8274 (toll free)
		647-484-8814 (toll)
Webcast:		A live webcast will also be available in listen-only mode. To access the simultaneous webcast, go to the Calendar of Events on the News and Events page on Dream’s website at www.dream.ca and click on the link for the webcast.
Digital Replay:		A taped replay of the call will be available for ninety (90) days. For access details, please click on the Calendar of Events on Dream’s website.

About Dream

Dream is a leading developer of exceptional office and residential assets in Toronto, owns stabilized income generating assets in both Canada and the U.S., and has an established and successful asset management business, inclusive of $25 billion of assets under management across four Toronto Stock Exchange listed trusts, our private asset management business and numerous partnerships. We also develop land, residential and income generating assets in Western Canada. Dream expects to generate more recurring income in the future as its urban development properties are completed and held for the long term. Dream has a proven track record for being innovative and for our ability to source, structure and execute on compelling investment opportunities. For more information, please visit our website at www.dream.ca.

Contacts

For further information, please contact:

Meaghan Peloso
Chief Financial Officer

(416) 365-6322

mpeloso@dream.ca

Kim Lefever

Director, Investor Relations

(416) 365-6339

klefever@dream.ca

• Acquisition is consistent with Vision 2030 strategy to acquire superior building envelope products and solutions within Carlisle’s existing core
• Track record of above market growth in the expanded polystyrene market driven by tenured management team with deep experience
• Meaningful annual cost synergies of $14 million expected within the first three years
• Establishes Carlisle as an industry leader in the $1.5B North American expanded polystyrene insulation market, adding approximately $0.30 of adjusted earnings per share in 2025

SCOTTSDALE, Ariz.–(BUSINESS WIRE)–Carlisle Companies Incorporated (NYSE:CSL) today announced that it has entered into a definitive agreement to acquire the expanded polystyrene “EPS” insulation segment of PFB Holdco, Inc., a portfolio company of The Riverside Company, composed of the Plasti-Fab and Insulspan brands (collectively referred to as “Plasti-Fab”). Plasti-Fab is a leading vertically integrated provider of EPS insulation products across Canada and the Midwestern United States. Under the terms of the agreement, Carlisle will purchase Plasti-Fab for $259.5 million in cash. The purchase price represents 6.7x on adjusted EBITDA for the twelve months ended August 31, 2024, inclusive of run-rate cost synergies.

Plasti-Fab is headquartered in Calgary, Alberta, and has eight manufacturing locations across Canada and three in the United States serving the commercial, residential, and infrastructure construction markets. Plasti-Fab generated revenue of $109 million for the twelve months ended August 31, 2024.

Consistent with Carlisle’s stated Vision 2030 strategy, the Plasti-Fab acquisition leverages Carlisle’s mergers and acquisitions “M&A” engine and fulfills its three core M&A tenets including an embedded organic growth story with a 10-year track record of above market growth, identified hard cost synergies of $14 million largely related to Plasti-Fab’s vertically integrated polystyrene resin manufacturing capability that can be consumed across Carlisle’s combined EPS insulation footprint, and a strong management team that will play a significant role in supporting Carlisle Weatherproofing Technologies’ growth strategy and integration success utilizing the Carlisle M&A playbook.

Chris Koch, Chair, President, and Chief Executive Officer, said, “The acquisition of Plasti-Fab delivers vertically integrated polystyrene capabilities to our Insulfoam EPS business while adding scale, supporting retail channel growth, and filling key geographic gaps in the U.S. and Canada. This acquisition is consistent with Vision 2030 and our intent to build on our strategic pivot to a pure-play building products company with increased investment in innovation and a continued emphasis on synergistic M&A guided by our repeatable M&A model. I am confident that we will create significant value for all our stakeholders as we leverage the Carlisle Operating System across the Plasti-Fab business.”

The acquisition, which is subject to customary closing conditions, is expected to close in the fourth quarter of 2024.

Forward-Looking Statements

This press release contains forward-looking statements, including those with respect to the acquisition of Plasti-Fab, our ability to achieve expected cost synergies from the acquisition, our ability to integrate Plasti-Fab after the closing, and the anticipated timing of the closing of the transaction. These statements represent only Carlisle’s current belief regarding future events, many of which, by their nature, are inherently uncertain and outside of Carlisle’s control. Actual results could differ materially from those reflected in this press release for various reasons, including the failure of the parties to meet or waive closing conditions and the failure to receive required regulatory approvals. Carlisle disclaims any obligation to update forward-looking statements except as required by law.

Non-GAAP Measures

This press release also contains references to adjusted earnings per share and adjusted EBITDA, neither of which are recognized under U.S. generally accepted accounting principles. Carlisle believes that adjusted earnings per share and adjusted EBITDA are useful to investors because they allow for comparison to prior periods without the effect of items that, by their nature, tend to obscure core operating results due to potential variability across periods based on the timing, frequency, and magnitude of such items. As a result, the Company believes that these measures enhance the ability of investors to analyze trends in business and evaluate performance relative to peer companies. The Company is not providing reconciliations for these forward-looking non-GAAP financial measures because the Company is unable to predict with reasonable certainty the ultimate outcome of adjusted items without unreasonable efforts. These items are uncertain, depend on various factors and could be material to financial results computed in accordance with GAAP.

About Carlisle Companies Incorporated

Carlisle Companies Incorporated is a leading supplier of innovative building envelope products and solutions for more energy efficient buildings. Through its building products businesses – Carlisle Construction Materials (“CCM”) and Carlisle Weatherproofing Technologies (“CWT”) – and family of leading brands, Carlisle delivers innovative, labor-reducing and environmentally responsible products and solutions to customers through the Carlisle Experience. Carlisle is committed to generating superior shareholder returns and maintaining a balanced capital deployment approach, including investments in our businesses, strategic acquisitions, share repurchases and continued dividend increases. Leveraging its culture of continuous improvement as embodied in the Carlisle Operating System (“COS”), Carlisle has committed to achieving net-zero greenhouse gas emissions by 2050. Learn more about Carlisle at www.carlisle.com.

Contacts

Mehul Patel

Vice President, Investor Relations

Carlisle Companies Incorporated

(310) 592-9668

mpatel@carlisle.com

HOUSTON & CALGARY, Alberta–(BUSINESS WIRE)–Civeo Corporation (NYSE:CVEO) announced today that it has scheduled its third quarter 2024 earnings conference call for Wednesday, October 30th, at 10:00 a.m. Central Time (11:00 a.m. Eastern Time). During the call, Civeo will discuss financial and operating results for the third quarter 2024, which will be released before the market opens on Wednesday, October 30, 2024.

By Phone:

Dial 877-423-9813 inside the U.S. or 201-689-8573 internationally and ask for the Civeo call or provide the conference ID: 13749748# at least 10 minutes prior to the start time.

A replay will be available through November 6th by dialing 844-512-2921 inside the U.S. or 412-317-6671 internationally and using the conference ID 13749748#.

By Webcast:

Connect to the webcast via the Events and Presentations page of Civeo’s Investor Relations website at www.civeo.com.

Please log in at least 10 minutes in advance to register and download any necessary software.

A webcast replay will be available after the call.

About Civeo:

Civeo Corporation is a leading provider of hospitality services with prominent market positions in the Canadian oil sands and the Australian natural resource regions. Civeo offers comprehensive solutions for lodging hundreds or thousands of workers with its long-term and temporary accommodations and provides food services, housekeeping, facility management, laundry, water and wastewater treatment, power generation, communications systems, security and logistics services. Civeo currently owns and operates a total of 24 lodges and villages in North America and Australia with an aggregate of approximately 26,000 rooms. In addition, Civeo operates and provides hospitality services at 22 customer-owned locations with more than 18,000 rooms. Civeo is publicly traded under the symbol CVEO on the New York Stock Exchange. For more information, please visit Civeo’s website at www.civeo.com.

Contacts

Regan Nielsen

Civeo Corporation

Vice President, Corporate Development & Investor Relations

713-510-2400

New survey reveals that 65% of Canadian grandparents who financially support their children or grandchildren say this is altering their own retirement savings

TORONTO–(BUSINESS WIRE)–As young Canadians continue to grapple with rising living costs, the 2024 Financial Support Sentiment survey issued by Bloom Finance in Partnership with Angus Reid, found that intergenerational financial support has become a common practice. The survey sheds light on growing financial pressures collectively faced by Canadian families, revealing that one in three Canadian grandparents are financially supporting their children or grandchildren. This further illustrates the delicate balancing act that Canadian grandparents are facing amid the cost of living crisis, with more than half (65%) of survey respondents saying that financially supporting their children and grandchildren has affected their retirement savings.

The survey released today finds that:

FINANCIAL SUPPORT TRENDS:

• One-in-three Canadian grandparents support their children or grandchildren financially
• 43% of those who do support their adult children and 37% of those who support their grandchildren feel obligated to do so, with the main reasons for feeling obligated due to:
  • They are in need of financial support (68%)
  • Rising living costs (44%)
  • The culture of paying it forward: their parents/grandparents helped them (24%)
• 53% say the amount or frequency of financial support they provide to children and grandchildren has increased over the last two years
  • Of those who are supporting their children, 42% are providing more than $5,000 per year
  • Of those who are supporting their grandchildren, 22% are providing more than $5,000 per year
• 55% currently support their children/grandchildren with everyday living expenses including groceries, gas, clothing, and cell phone bills, followed by extracurricular activities or child care (33%), and rent or mortgage payments (26%)

IMPACT ON RETIREMENT PLANS:

• 65% of Canadian grandparents say their financial support obligations have affected their retirement savings, with 66% of Canadian grandparents indicating that the increased cost of living has altered their retirement plans
• To address any shortfall in retirement savings due to financial support, 67% of Canadian grandparents plan to adjust their own lifestyle or spending habits, while only 18% plan to reduce the financial support they provide to their children or grandchildren
• Of those who have an upcoming mortgage renewal, nearly one quarter (22%) say it will impact their financial stability

“Intergenerational financial support has become ingrained in our cultural fabric, and while it’s admirable, the rising costs of living are jeopardizing Canadian seniors’ financial outlook. Canadians shouldn’t have to choose between their loved ones and themselves,” said Ben McCabe, Founder and CEO of Bloom. “Solutions like ours empower Canadian seniors to access their home equity, allowing them to assist family members when needed while maintaining their own financial independence.”

As many Canadian seniors are bearing the burden of choosing between financially supporting their loved ones and investing in their retirement, Bloom Finance is bringing innovative and accessible financial alternatives to help Canadian grandparents find financial relief through the wealth accumulated in their homes.

For more on Bloom Finance, visit bloomfin.ca.

About Bloom Finance Ltd.

Bloom is a leading Canadian fintech company dedicated to assisting homeowners aged 55 and above in accessing the wealth accumulated in their homes to enjoy more comfortable retirements. Through the integration of cutting-edge technology and innovative product delivery, the company is reshaping home equity access to be adaptable, enduring, and user-friendly. Bloom’s overarching mission is to alleviate financial stress among retired homeowners, enabling them to relish the golden years of their lives. Licensed in ON:13338, BC:MBX600455, and AB. Discover more at www.bloomfin.ca.

Methodology

These are the findings of a study conducted by Bloom Finance from September 18 to 22, 2024 among a sample of 503 online Canadians aged 55 and over who are members of the Angus Reid Forum. The survey was conducted in English and French. For comparison purposes only, a probability sample of this size would carry a margin of error of +/- 4.4 percentage points, 19 times out of 20.

Contacts

For media inquiries:

Amy Sarkany

Category Communications

amy@categorycomms.com

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 the Board of Trustees has declared a distribution for the month of October 2024 of U.S.$0.072 per class U unit of the REIT (“Class U Units”), or U.S.$0.864 on an annualized basis.

Holders of Class U Units may elect to receive their distribution in Canadian dollars and should contact their broker to make such an election.

Holders of class A units of the REIT (“Class A Units”) will receive a distribution equal to the Canadian dollar equivalent (based on the U.S./Canadian dollar exchange rate at the time of payment of the distribution) of U.S.$0.072 per Class A Unit, unless the unitholder has elected to receive distributions in U.S. dollars. Holders of class I units of the REIT (“Class I Units”) will receive a distribution of U.S.$0.072 per Class I Unit, unless the unitholder has elected to receive distributions in Canadian dollars. Holders of units of subsidiaries of the REIT that are exchangeable into Class U Units (“Exchangeable Units”) will receive a distribution of U.S.$0.072 per unit.

If a holder of Class U Units or Class I Units elects to receive distributions in Canadian dollars, the holder will receive the Canadian dollar equivalent amount of the distribution being paid on the Class U Units or Class I Units, as applicable, based on the U.S./Canadian dollar exchange rate at the time of payment of the distribution.

Distributions on all unit classes of the REIT, and distributions on Exchangeable Units, will be payable on November 15, 2024, to unitholders of record as of the close of business on October 31, 2024.

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. We focus on fundamentals with the objective of creating long-term value for our investors and partners. Slate’s platform focuses on four areas of real assets, including real estate equity, real estate credit, real estate securities, and infrastructure. 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, and follow Slate Asset Management on LinkedIn, X (Twitter), and Instagram.

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-Dist

Contacts

For Further Information
Investor Relations

+1 416 644 4264

ir@slateam.com

55-agent team bolsters Real’s Twin Cities presence bringing more than 1,000 home sales valued at nearly $370 million since 2021

TORONTO & NEW YORK–(BUSINESS WIRE)–$REAX #therealbrokerage–The Real Brokerage Inc. (NASDAQ: REAX), a technology platform reshaping real estate for agents, home buyers and sellers, today announced that the Grant Johnson Group, a fast-growing team serving the St. Paul/Minneapolis area has joined Real. The addition brings 55 agents to Real, which now has more than 22,000 throughout the U.S. and Canada, an increase of more than 8,000 agents since the end of 2023.

A 30-year real estate veteran, Johnson formed his current team in 2021 with 12 agents, and attributes the team’s fast growth to the people he has surrounded himself with.

“We’re thrilled to welcome Grant and his powerhouse team to Real. It’s fitting that a fast-growing team, focused on building a strong culture, has helped us surpass 22,000 agents,” said Real President Sharran Srivatsaa. “In a short time, Grant and his team have carved out a unique space in Minneapolis’ ultra-competitive market, and we’re looking forward to partnering with them to achieve even more.”

The team, which relies on internet lead generation for more than 70% of its business, has completed more than 1,000 home sales with a transaction value of approximately $370 million since 2021. This includes 300 sales valued at $110 million in 2023. The team is on track to sell 450 homes in 2024.

“Real is in alignment with our culture. Its collaborative approach is designed to prevent silos and offers the best platform from which to grow,” Johnson said.

The leadership team at Grant Johnson Group includes Jeff Montgomery (Finance), Tammi Roach (Agent Attraction), and Amber Urlacher (Operations), all of whom also serve as producing agents. They are supported by Katie Mahler, who manages shared operations, and Megan Nelson, who leads marketing efforts.

About Real

Real (NASDAQ: REAX) is a real estate experience company working to make life’s most complex transaction simple. The fast-growing company combines essential real estate, mortgage and closing services with powerful technology to deliver a single seamless end-to-end consumer experience, guided by trusted agents. With a presence throughout the U.S. and Canada, Real supports more than 22,000 agents who use its digital brokerage platform and tight-knit professional community to power their own forward-thinking businesses.

Forward-Looking Information

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

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

Contacts

Investor inquiries, please contact:

Ravi Jani

Vice President, Investor Relations and Financial Planning & Analysis

investors@therealbrokerage.com
908.280.2515

For media inquiries, please contact:

Elisabeth Warrick

Senior Director, Marketing, Communications & Brand

elisabeth@therealbrokerage.com
201.564.4221

Bentley makes carbon impact analysis a systematic part of the design process for new and existing infrastructure assets, simplifies embodied carbon reporting with added 3D visualizations

VANCOUVER, British Columbia–(BUSINESS WIRE)–Bentley Systems’ Year in Infrastructure 2024–Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure engineering software company, today announced the general availability of new Carbon Analysis capabilities in iTwin Experience to assess and reduce carbon impacts for more sustainable infrastructure. The new Carbon Analysis capabilities enable infrastructure engineers to simplify carbon reporting, easily visualize embodied carbon, and rapidly explore alternatives for better designs.

Embodied carbon is the carbon footprint of an asset before it is built, encompassing the greenhouse gases emitted during the construction process. Bentley’s new Carbon Analysis capabilities deliver a “cradle-to-gate” assessment of a design’s carbon footprint, from raw material extraction until it leaves the factory’s gate—which represent the largest contributors to embodied carbon.

“Between now and 2050, embodied carbon linked to new infrastructure, is projected to be responsible for half of the world’s carbon footprint released—even before the infrastructure is used,” added Savina Carluccio, executive director, International Coalition for Sustainable Infrastructure (ICSI). “Given its significant contribution to global emissions, the sector must act with urgency to reduce embodied carbon at scale, as part of wider decarbonization and climate action efforts—from leveraging a highly connected and collaborative value chain to using new digital technologies that enable the selection and use of alternative, carbon-efficient materials in sustainable infrastructure designs.”

Bentley’s new Carbon Analysis capabilities seamlessly integrate a user’s design data with their chosen carbon assessment tool. This enables infrastructure professionals to link carbon footprints directly to their design choices and see those impacts dynamically change across design iterations.

“Carbon assessments should be standard practice for global infrastructure projects, but creating carbon reports isn’t easy,” said Chris Bradshaw, chief sustainability officer, Bentley Systems. “Using Bentley’s new Carbon Analysis capabilities helps transform the tedious task of carbon reporting into a smooth, automated process—providing infrastructure professionals with greater visibility into carbon impacts and helping them design sustainable infrastructure faster and more easily.”

Traditionally, producing a carbon analysis report is highly manual, time consuming, and costly, with multiple steps: organizing siloed data, translating the data into carbon metrics, and producing a final report. The process becomes even more difficult for large, complex infrastructure projects, which typically involve diverse stakeholders, datasets, data formats, and construction materials.

Bentley’s new Carbon Analysis capabilities help overcome these challenges through:

• Automated material quantification: Automatically ingest and aggregate project and asset data, files, and models—created from Bentley software and other sources—into a digital twin, for a single, simplified view. By intelligently grouping common design elements and leveraging integrated workflows, automatically calculate the precise material volumes and quantities missing from design files, eliminating estimations and out-of-date spreadsheets.

• Easy reporting, every time: With a single click generate a highly accurate cradle-to-gate embodied carbon accounting in minutes through integration with a user’s chosen carbon assessment calculator. Since all data is dynamically stored, users can adjust material selections through the lifetime of a design, creating an easy, repeatable process.

• In-content 3D visualizations: Instantly see cradle-to-gate embodied carbon output as simple cloud-based heat maps in a live 3D digital twin model. This allows users to explore sustainable design and material alternatives in minutes to create higher-quality designs throughout the design and construction phase.

WSP, a global leader in environment and sustainability consulting, has been using Bentley’s new Carbon Analysis capabilities through an Early Access Program, launched last year.

Kelvin Saldanha, associate director, WSP, said, “In the past, there have been significant challenges when creating a carbon report for a proposed design. For example, the wide range of methodologies used to calculate embodied carbon made the process feel opaque. In addition, the process was time-consuming, as it required translating every detail into a full carbon evaluation. With Bentley’s new Carbon Analysis capabilities, our design team has better transparency to calculate, analyze, and report meaningful carbon footprint impacts within any design change—in real-time with the click of a button, which has greatly reduced feedback loops from months or weeks to days.”

Availability

Bentley’s new Carbon Analysis capabilities are available immediately to iTwin Experience users at no additional cost. An additional license to a carbon assessment calculator (e.g., EC3 or OneClickLCA) is required, which can be obtained by users from those vendors directly.

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About Bentley Systems

Bentley Systems (Nasdaq: BSY) is the infrastructure engineering software company. We provide innovative software to advance the world’s infrastructure – sustaining both the global economy and environment. Our industry-leading software solutions are used by professionals, and organizations of every size, for the design, construction, and operations of roads and bridges, rail and transit, water and wastewater, public works and utilities, buildings and campuses, mining, and industrial facilities. Our offerings, powered by the iTwin Platform for infrastructure digital twins, include MicroStation and Bentley Open applications for modeling and simulation, Seequent’s software for geoprofessionals, and Bentley Infrastructure Cloud encompassing ProjectWise for project delivery, SYNCHRO for construction management, and AssetWise for asset operations. Bentley Systems’ 5,200 colleagues generate annual revenues of more than $1 billion in 194 countries.

© 2024 Bentley Systems, Incorporated. Bentley, the Bentley logo, and iTwin are either registered or unregistered trademarks or service marks of Bentley Systems, Incorporated or one of its direct or indirect wholly owned subsidiaries.

Contacts

For more information, contact:
Bentley Press: Chris Phillips, PR@news.bentley.com
Bentley Investors: Eric Boyer, ir@bentley.com

Company unveils first-to-market AI-powered civil engineering application that delivers optimized, accurate site designs up to 10 times faster than traditional methods

VANCOUVER, British Columbia–(BUSINESS WIRE)–Bentley Systems’ Year in Infrastructure 2024 – Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure engineering software company, today announced new generative AI capabilities for civil site design, including a design copilot, site layout optimizations, and automated drawing production that will drive new levels of productivity and accuracy.

Building on its success in applying AI-powered digital twins to asset maintenance—to detect and assess problems before failures occur—Bentley is bringing AI to the design phase of the infrastructure lifecycle to automate repetitive tasks, such as drawing production, so that engineers can focus on higher-value activities.

Putting AI into Action—Introducing OpenSite+

Bentley’s OpenSite+ is the first engineering application leveraging generative AI for civil site design. It helps engineers swiftly design residential, commercial, and industrial sites with AI tools, significantly boosting productivity and accuracy.

A digital twin-native product, built with Bentley’s iTwin platform, OpenSite+ delivers AI-powered efficiencies and better-quality designs with:

• Enhanced Design Experience with Copilot: Users can quickly create, revise, and interact with requirements documentation and 3D site models through natural language interactions—to automatically make real-time design changes with precision and ease.

• Layout Optimization: Users can enhance efficiency, reduce errors, and rework site designs in minutes with one-click earthwork optimization. Bentley’s AI-powered design layout agent can evaluate thousands of layout options and suggest alternative designs in real-time, helping users make better design decisions sooner, saving time and money.

• Automated Drawing Production: Users can reduce time spent on mundane drawing tasks, accelerating drawing production by up to 10 times, and improve drawing accuracy using AI-powered annotation, labeling, and sheeting that automatically places labels and dimensions according to organizational standards that are optimized for legibility and aesthetics.

• Smart Design Tools: Users can create and revise designs using intelligent, editable objects such as building pads, parking layouts, driveways, sidewalks, and ponds to complete projects in a fraction of time compared to traditional CAD software.

With OpenSite+, users also maintain control over their proprietary data during AI training, which creates a solid foundation to responsibly guide the development of AI models.

“By leveraging their past data to optimize future work, generative AI will revolutionize infrastructure design, improving engineers’ productivity and accuracy without sacrificing on quality,” said Mike Campbell, chief product officer at Bentley Systems. “OpenSite+ is just the first example of how Bentley is applying generative AI to benefit infrastructure design and project delivery.”

OpenSite+ early adopter, Joe Viscuso, senior vice president and director of Strategic Growth at Pennoni, commented, “OpenSite+ is a game-changer. By combining design and routine tasks into one powerful platform, it eliminates the need to switch between multiple programs. It streamlines our workflow, automates repetitive tasks, and ensures accuracy as we make changes in real-time. This means faster project completion with superior results, helping Pennoni stay ahead of the curve in both technology and innovation.”

OpenSite+ is the first of a new generation of Bentley Open Applications which run on desktops for optimal responsiveness, while offering the benefits of cloud-based applications, such as automatic updates and cross-operating system availability. The iTwin-native architecture enables seamless collaboration and data-centric workflows. Data is saved directly in a digital twin, which in turn can include data from other sources to provide full context for design work.

Availability

North American site engineering firms can apply for early access.

# # #

About Bentley Systems

Bentley Systems (Nasdaq: BSY) is the infrastructure engineering software company. We provide innovative software to advance the world’s infrastructure – sustaining both the global economy and environment. Our industry-leading software solutions are used by professionals, and organizations of every size, for the design, construction, and operations of roads and bridges, rail and transit, water and wastewater, public works and utilities, buildings and campuses, mining, and industrial facilities. Our offerings, powered by the iTwin Platform for infrastructure digital twins, include MicroStation and Bentley Open applications for modeling and simulation, Seequent’s software for geoprofessionals, and Bentley Infrastructure Cloud encompassing ProjectWise for project delivery, SYNCHRO for construction management, and AssetWise for asset operations. Bentley Systems’ 5,200 colleagues generate annual revenues of more than $1 billion in 194 countries.

© 2024 Bentley Systems, Incorporated. Bentley, the Bentley logo, Bentley Open, iTwin, and OpenSite+ are either registered or unregistered trademarks or service marks of Bentley Systems, Incorporated or one of its direct or indirect wholly owned subsidiaries.

Contacts

For more information, contact:
Bentley Press: Chris Phillips, PR@news.bentley.com
Bentley Investors: Eric Boyer, ir@bentley.com