NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

OTTAWA, Ontario–(BUSINESS WIRE)–InterRent Real Estate Investment Trust (“InterRent”, the “REIT”) (TSX: IIP.UN) is thrilled to announce today that it has closed on the purchase of a 605-suite apartment community at 2 & 4 Hanover Road in Brampton, Ontario.

The acquisition is a joint-venture with Crestpoint Real Estate Investments Limited and Vestcor Inc. InterRent‘s initial equity interest in the joint-venture is 10%. The REIT retains optionality to increase its ownership to one third within the first two years after closing. InterRent will also act as property manager on behalf of the joint-venture.

The total purchase price of $185.5 million will be funded through cash and an assumption of a $100 million existing mortgage with a major institutional lender. This highly attractive, long-term financing features interest-only payments at 2.17% and a term to maturity of approximately six years.

The community is comprised of two concrete high-rise towers at 18 and 22 storeys each, with 281 and 324 suites respectively. The community was constructed circa 1984 and is fully air conditioned through a central cooling system. Suites feature spacious designs averaging well over 900 square feet, with two thirds of the suites being 2-Bedroom units. The community also features a full range of amenities including outdoor pool, barbeque area, playground, gym, car wash, and multi-purpose rooms.

The purchase adds to an expanding portfolio in the Greater Toronto Area for InterRent. At over 600 suites and complete with a wide variety of amenities, the community provides an excellent opportunity for the REIT to bring it’s best-in-class operating platform to a rapidly growing suburban area.

“We are extremely excited to expand our footprint within the GTA” said InterRent President & CEO Brad Cutsey. “Not only are we looking forward to offering our unique resident experience and to help contribute to the Brampton community, but this acquisition also puts us in a great position to contribute to potential new supply in a constrained market.”

Beyond the existing high-rises, the acquisition also offers immediate opportunity to deliver additional and much-needed rental supply to the GTA. The community is located on approximately 10-acres of land and with zoning approvals in place for over 350,000 square feet of additional density. This will be much needed for the City of Brampton in particular as it is one of the Greater Toronto Area’s burgeoning suburbs, having grown 10.6% from 2016 to 2021, outpacing provincial growth of 5.8% for the same period. Brampton is well positioned to continue this growth trajectory as it attracts a disproportionate share of Canada’s ambitious immigration targets.

2 & 4 Hanover Road is well located within Brampton off Queen Street and is adjacent to Bramalea City Centre, a regional shopping centre with over 1.5 million square feet of commercial space. The community is also directly west of Chinguacousy Park, a 100-acre natural outdoor amenity.

About InterRent

InterRent REIT is a growth-oriented real estate investment trust engaged in increasing Unitholder value and creating a growing and sustainable distribution through the acquisition and ownership of multi-residential properties.

InterRent’s strategy is to expand its portfolio primarily within markets that have exhibited stable market vacancies, sufficient suites available to attain the critical mass necessary to implement an efficient portfolio management structure and, offer opportunities for accretive acquisitions.

InterRent’s primary objectives are to use the proven industry experience of the Trustees, Management and Operational Team to: (i) to grow both funds from operations per Unit and net asset value per Unit through investments in a diversified portfolio of multi-residential properties; (ii) to provide Unitholders with sustainable and growing cash distributions, payable monthly; and (iii) to maintain a conservative payout ratio and balance sheet.

The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contacts

Investor Relations

investorinfo@interrentreit.com
www.interrentreit.com

TORONTO–(BUSINESS WIRE)–DREAM IMPACT TRUST (TSX: MPCT.UN) (“Dream Impact” or the “Trust”) today announced its March 2023 monthly distribution in the amount of 1.333 cents per Unit (16 cents annualized). The March distribution will be payable on April 14, 2023 to unitholders of record as at March 31, 2023.

About Dream Impact Trust

Dream Impact Trust is an open-ended trust dedicated to impact investing. Dream Impact’s underlying portfolio is comprised of exceptional real estate assets reported under two operating segments: development and investing holdings, and recurring income, that would not be otherwise available in a public and fully transparent vehicle, managed by an experienced team with a successful track record in these areas. The objectives of Dream Impact are to create positive and lasting impacts for our stakeholders through our three impact verticals: environmental sustainability and resilience, attainable and affordable housing, and inclusive communities; while generating attractive returns for investors. For more information, please visit: www.dreamimpacttrust.ca.

Contacts

DREAM IMPACT TRUST

Meaghan Peloso

Chief Financial Officer

(416) 365-6322

mpeloso@dream.ca

Kimberly Lefever

Director, Investor Relations

(416) 365-6339

klefever@dream.ca

TORONTO–(BUSINESS WIRE)–DREAM OFFICE REIT (TSX: D.UN) (“Dream Office” or the “Trust”) today announced its March 2023 monthly distribution of 8.333 cents per REIT Unit, Series A ($1.00 annualized). The March distribution will be payable on April 14, 2023 to unitholders of record as at March 31, 2023.

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

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

Partnership brings first-of-its-kind offer management technology to the Canadian real estate market

IRVINE, Calif.–(BUSINESS WIRE)–Openn North America (“Openn”), a property technology company, is excited to announce its official launch in Canada, in partnership with the Canadian Real Estate Association (“CREA”). The partnership brings Openn’s ground-breaking offer management software, which adds transparency and confidence to the offer process, to Canadian homebuyers, sellers and real estate professionals through REALTOR.ca.

“As our first entry into Canada, we are thrilled to launch in partnership with CREA, to help Canadians navigate the challenges of the property transaction process through near real-time data tracking and feedback,” said Duncan Anderson, President of Openn NA. “Now, more than ever, we are seeing the significant impact and disadvantages that blind bidding creates due to lack of transparency throughout the entire bidding process. By partnering with CREA and leveraging their online platform, it marks an exciting step toward a more efficient and equitable real estate landscape.”

Through the partnership, Openn will be available to Realtor.ca users, bringing unparalleled visibility of data to buyers and sellers on participating property listings, while supporting agents in managing the end-to-end transaction process and client communications with greater ease. The platform offers the unique ability for buyers and sellers to track other offers in near real-time, optimizing the entire offer and acceptance process through greater equality and transparency.

The Openn and CREA partnership follows a successful pilot program in 2022 in select Canadian markets.

About The Canadian Real Estate Association:

The Canadian Real Estate Association (CREA) is one of Canada’s largest single-industry associations. CREA works on behalf of more than 160,000 REALTORS® who contribute to the economic and social well-being of communities across Canada. Together they advocate for property owners, buyers, and sellers, and maintain REALTOR.ca, Canada’s most prominent online property listings platform. According to the Canadian Internet Registration Authority (CIRA), REALTOR.ca is the 6th most visited .ca site and one of Canada’s leading platforms by usage across all categories.

About Openn North America

Openn North America Inc. is a property technology company offering a proprietary cloud-based software platform to support the offer and acceptance process in a real estate transaction with greater transparency. The Openn platform facilitates the negotiation process, featuring streamlined digital contracting and automated communication tools, which enhances a property transaction. The solution can provide buyers with real-time feedback through their device on how much competition exists and where their price stands in the negotiation.

Contacts

Media Contact
Hayley Suchanek

Kaiser & Partners

hayley.suchanek@kaiserpartners.com
289-681-2477

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 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 expected to be 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 December 31, 2022, Dream Industrial REIT owns, manages and operates a portfolio of 257 industrial assets totaling approximately 47.3 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 proceeds of the Offering and the expected rating of the Series F Debentures. 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; uncertainties surrounding the COVID-19 pandemic; 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

Brian Pauls
Chief Executive Officer

(416) 365-2365

bpauls@dream.ca

Lenis Quan
Chief Financial Officer

(416) 365-2353

lquan@dream.ca

Alexander Sannikov
Chief Operating Officer

(416) 365-4106

asannikov@dream.ca

Collaboration between Project Management Institute and Women of Project Management to boost inclusion in the project profession

PHILADELPHIA–(BUSINESS WIRE)–A new Project Management Institute (PMI) report – The State of Women in Project Management 2023 – reveals a stark gender divide in the project management industry, with male project managers outnumbering female project managers at a rate of 3:1. However, 23% of men versus 20% of women report some level of management role, highlighting a much narrower gap when it comes to project management leadership opportunities. To elevate the project management career, PMI is collaborating with Women of Project Management (WOPM), the dedicated global community for women in the project profession, to further amplify the voices of women in project management across its global community and enable more female project managers to enter or progress in the profession.

The mission of Women of Project Management is to increase the representation of women and women of color in the project profession by supporting their members at every stage of their career journey. Their dedicated team provides hands-on, practical support to boost the individual’s career, including: exploring the vast world of project management, how to increase visibility, expanding your network, receiving mentorship, or getting industry certified.

The strategic DE&I collaboration between PMI and WOPM will provide female project professionals with access to community, education and training opportunities, events and networking opportunities.

“PMI has over 300 chapters across the world committed to being a diverse, inclusive and equitable community,” said Brantlee Underhill, Chief Community Officer at PMI. “Our latest research shows that project management offers women genuine career progression opportunities, so we need to work together to encourage more women into the profession. By teaming up with Women of Project Management, together we will raise awareness of the importance of gender inclusion – which will only enhance our profession – and empower our community to create change, regardless of industry.”

In fact, PMI’s The State of Women in Project Management snapshot also reveals that the gender disparity for project professionals exists across all major industries:

Industry	Male	Female
Information Technology	78%	20%
Financial Services	69%	29%
Construction	86%	13%
Consulting	75%	24%
Manufacturing	81%	17%
Energy	83%	17%
Telecom	77%	22%
Government	72%	26%
Healthcare	59%	41%
Automotive	81%	18%
Training / Education	62%	37%
Aerospace	82%	17%
Transportation / Logistics / Distribution	83%	16%

“Many women simply don’t have the resources or community they need to reach the opportunities they’re deserving of. Their needs and voices aren’t being heard or sometimes they have no idea where they should even start,” said Asya Watkins, CEO and Founder of Women of Project Management. “At WOPM we have built an entire support community dedicated to educating, enhancing, and empowering women and women of color. Inclusion is a social challenge that needs to be prioritized across all industries; it’s great to know that PMI is investing support and continuing to drive awareness to this mission.”

View the full report The State of Women in Project Management 2023.

About Women of Project Management

Women of Project Management® is a professional organization committed to promoting equal representation for women and women of color in the field of project management, through a supportive membership community and tailored resources including, mentoring, certifications, health & wellness, workshops, networking, and career opportunities that engage members during every stage of their career journey.

WOPM educates, enhances, and empowers those with an interest in the project management industry, by providing a platform and community designed to develop dynamic change makers and ensure women of color and other diverse backgrounds are celebrated for their contributions and distinctiveness.

Fostering a culture of inclusion and amplifying the voices of women in the industry worldwide continues to be the driving force behind Founder and CEO, Asya Watkins’ vision for Women of Project Management®. In 2015, Asya brought her vision to life through the lens of highly qualified women who were deserving of a seat at the table. Powered by the core values of integrity, intention, and impact, Women of Project Management® has positively routed the lives of 1,000s of members and the DE&I goals of many Fortune 500 and corporate organizations throughout the years.

For more information on Women of Project Management, please visit our website and social media at www.womenofpm.com, Instagram.com/womenofpm, LinkedIn.com/company/womenofpm.

About Project Management Institute

Project Management Institute (PMI) is the leading professional organization for project management, and the authority for a growing global community of millions of project professionals and individuals who use project management skills. Collectively, these professionals and “changemakers” consistently create better outcomes for businesses, community and society worldwide.

PMI empowers people to make ideas a reality. Through global advocacy, networking, collaboration, research, and education, PMI prepares organizations and individuals at every stage of their career journey to work smarter so they can drive success in a world of change.

Building on a proud legacy dating to 1969, PMI is a not-for-profit, for-purpose organization working in nearly every country around the world to advance careers, strengthen organizational success, and enable project professionals and changemakers with new skills and ways of working to maximize their impact. PMI offerings include globally recognized standards, certifications, online courses, thought leadership, tools, digital publications, and communities.

Visit us at www.PMI.org, https://www.linkedin.com/company/projectmanagementinstitute, https://www.facebook.com/PMInstitute, and on Twitter @PMInstitute.

Contacts

Media Contact:
Dina Morton, External Communications Specialist, PMI

Dina.Morton@pmi.org

BETHESDA, Md.–(BUSINESS WIRE)–#AirPermit–Enviva Inc. (NYSE: EVA), the world’s leading producer of sustainably sourced woody biomass, issued a statement today thanking the Mississippi Department of Environmental Quality’s (MDEQ) permit board for unanimous approval for the construction permit of Enviva’s Bond, Mississippi facility. The permit was issued after an extensive review process that included a public comment period, a well-attended public hearing, and numerous public comments. The proposed facility will be designed to produce approximately 1.2 million oven dried tons (ODT) per year of wood pellets and will be equipped with maximum achievable control technologies to curb emissions to the greatest extent possible. Emission control technologies to be deployed throughout the site include baghouses, bin vents, wet electrostatic precipitators (WESP), and thermal oxidative controls (RTOs/RCOs).

Thomas Meth, Enviva’s President and CEO, issued the following statement:

“We appreciate the regulatory process and diligence that MDEQ and the air permit board demonstrated over the last 8 months in reviewing and issuing our permit. Our teams worked diligently with MDEQ to address questions raised by the community on the air quality of our operations, following the public comment process, and provided science-backed assurances which demonstrate no negative impact to air quality in the surrounding communities. We look forward to becoming a part of the Stone County community and to bringing economic development along with environmental leadership with our forthcoming plant.”

To obtain this permit, over the last year, Enviva engaged closely with the community to hear and proactively address any concerns, as well as prove the plant will comply with all regulatory requirements to protect public health and the environment. As it relates to operations, Enviva’s existing plants perform routine emission testing on all emission point sources. These tests are conducted by third-party experts and then submitted to the applicable regulatory agency for approval. Approved emission test results are made public and continue to demonstrate Enviva’s consistent compliance with established regulatory limits across the states in which Enviva operates. All Enviva’s facilities are subject to periodic on-site inspections, which are conducted by state regulatory agencies. These inspections review site operations, environmental monitoring, and environmental recordkeeping, among other variables, and the same regulatory oversight will apply to Enviva’s forthcoming Bond plant.

Enviva’s Bond plant will strengthen the regional wood market for previously unmerchantable timber, creating additional incentives for local landowners to keep their forests as forests. Once operational, the facility in Bond, MS will support approximately 350 direct and indirect jobs, including adjacent industries such as logging and trucking. Enviva remains committed to working tirelessly – every day – to be a company that makes Mississippi proud.

To learn more about Enviva’s forthcoming plant in Bond, MS, we encourage you to visit: https://enviva-bond.com/

About Enviva

Enviva Inc. (NYSE: EVA) is the world’s largest producer of industrial wood pellets, a renewable and sustainable energy source produced by aggregating a natural resource, wood fiber, and processing it into a transportable form, wood pellets. Enviva owns and operates ten plants with a combined production capacity of approximately 6.2 million metric tons per year in Virginia, North Carolina, South Carolina, Georgia, Florida, and Mississippi, and is constructing its 11^th plant in Epes, Alabama. Additionally, Enviva is planning to commence construction of its 12^th plant near Bond, Mississippi. Enviva sells most of its wood pellets through long-term, take-or-pay off-take contracts with primarily creditworthy customers in the United Kingdom, the European Union, and Japan, helping to accelerate the energy transition and to defossilize hard-to-abate sectors like steel, cement, lime, chemicals, and aviation. Enviva exports its wood pellets to global markets through its deep-water marine terminals at the Port of Chesapeake, Virginia, the Port of Wilmington, North Carolina, and the Port of Pascagoula, Mississippi, and from third-party deep-water marine terminals in Savannah, Georgia, Mobile, Alabama, and Panama City, Florida.

To learn more about Enviva, please visit our website at www.envivabiomass.com. Follow Enviva on social media @Enviva.

Contacts

Jacob Westfall

media@envivabiomass.com
+1-301-657-5560

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

OTTAWA, Ontario–(BUSINESS WIRE)–InterRent Real Estate Investment Trust (TSX-IIP.UN) (“InterRent”) announced today that its distribution declared for the month of March 2023 is $0.0300 per Trust unit, equal to $0.3600 per Trust unit on an annualized basis. Payment will be made on or about April 17, 2023, to unitholders of record on March 31, 2023.

About InterRent

InterRent REIT is a growth-oriented real estate investment trust engaged in increasing Unitholder value and creating a growing and sustainable distribution through the acquisition and ownership of multi-residential properties.

InterRent’s strategy is to expand its portfolio primarily within markets that have exhibited stable market vacancies, sufficient suites available to attain the critical mass necessary to implement an efficient portfolio management structure, and offer opportunities for accretive acquisitions.

InterRent’s primary objectives are to use the proven industry experience of the Trustees, Management and Operational Team to: (i) to grow both funds from operations per Unit and net asset value per Unit through investments in a diversified portfolio of multi-residential properties; (ii) to provide Unitholders with sustainable and growing cash distributions, payable monthly; and (iii) to maintain a conservative payout ratio and balance sheet.

The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contacts

Investor Relations

investorinfo@interrentreit.com
www.interrentreit.com

KALAMAZOO, Mich.–(BUSINESS WIRE)–FlavorSum, a North American flavor producer, has begun construction on an expansion project that will add 35,000 square feet to its Kalamazoo, Michigan facility. With the increased footprint, FlavorSum will build out more technical resources and capacity to meet the needs of small, mid-sized and emerging food & beverage companies.

“Response to our solutions model and the growth of SME food and beverage brands led us to expand our capabilities in Kalamazoo,” says Brian Briggs, President and CEO of FlavorSum. “FlavorSum’s mission is to deliver the flexibility of a small supplier with the resources of a major flavor company. The additional space allows us to continue fulfilling our promise.”

The revamped facility and deepening technical expertise reflect FlavorSum’s resolve to maintain industry leading growth rates. Pilot plant and lab space within the new facility will support initiatives such as MicroThermics equipment, improved shipping and receiving processes, and increased product storage.

“At FlavorSum, creating custom flavors that align with brand goals and consumer trends is only one aspect of our approach,” commented Dave Franz, CRO. “We partner with our customers to offer a full suite of services designed to facilitate in-market success, from regulatory expertise and market insights to applications and scale-up support. A larger facility in Kalamazoo ensures we’re positioned to support our customers as they grow.”

The Kalamazoo community is essential to FlavorSum’s operational success. FlavorSum expects increased employment opportunities from the expansion project.

The expansion plan aims to have the facility operating at full capacity in August, 2023.

About FlavorSum

FlavorSum helps growing North American food and beverage companies go to market quickly and cost-effectively. The company provides flavor solutions for delivering great-tasting products that inspire loyalty among today’s consumers. FlavorSum is a portfolio company owned by The Riverside Company, a global private equity firm.

Contacts

Lisa Jackson

Marketing

FlavorSum, LLC

+1 800-525-2431

ljackson@flavorsum.com

The acquisition of 250K sq. ft furthers the company’s strategic goals and brings its total warehousing capacity to over 1M sq. ft in the Montreal area alone.

MONTREAL–(BUSINESS WIRE)–ENERGY Transportation Group, an industry-leading asset-based 3PL and warehousing service provider, today announced the acquisition of an additional 250K sq. ft of warehousing space in the Montreal area.

The site of ENERGY Transportation Group’s new warehousing space is located in Beauharnois, QC, southwest of Montreal. The newly constructed, fireproof facility offers strategic access to major highway infrastructure.

Features/services include:

• Inventory visibility
• State-of-the-art dock doors
• CT-PAT certification
• Secured yard with 24-hour video surveillance and alarm monitoring

“This is just the beginning,” said David Grassi, ENERGY’s Vice President of North American Operations. “This new warehousing space will allow us to offer our customers more short- and long-term storage options with order fulfillment, cross-docking, and trans-loading capabilities.”

The company plans to expand its warehousing footprint further later in the year to meet increasing demand from existing and new customers.

ABOUT ENERGY TRANSPORTATION GROUP

Founded in 2007, ENERGY Transportation Group is an asset-based 3PL offering logistics and warehousing services across the North American market. Headquartered in Montreal, ENERGY has offices in Toronto, Chicago, and Chattanooga. ENERGY prides itself on providing personalized, innovative, and win-win solutions to meet even the most complex shipping and logistics challenges.

Learn more about ENERGY by visiting our website at www.shipENERGY.com or connecting with us on LinkedIn.

Contacts

Adam Pinsky

Marketing Director

ENERGY Transportation Group

+1 (438) 835-6033

apinsky@shipENERGY.com

DUBAI, United Arab Emirates–(BUSINESS WIRE)–Dar Group has acquired a majority stake in CopperTree, a Canadian-headquartered provider of building analytics solutions.

The deal will see CopperTree join the Dar Group of companies. Acquiring CopperTree will enable Dar Group to grow its market share and provide a more integrated digital service offering across its core markets, including transportation, buildings, energy, water and industrials.

The Dar Group companies will be able to access a greater level of technological excellence on behalf of their clients, through CopperTree’s patented technology and leadership team of experienced subject matter experts.

In joining Dar Group, CopperTree will gain new access to a wider range of global markets which, in turn, will enable continuous growth for its state-of-the-art ‘Kaizen’ tools. These advanced platforms monitor the performance of built assets, improving decision making through the availability of live data and actionable insights.

It is anticipated that CopperTree’s offerings will directly complement Dar Group’s existing ‘Para’ digital twin solution – a platform that allows those who own and operate assets to unlock the potential of vast amounts of untapped operational and IT data, paving the way for cost savings and for more productive, efficient, sustainable, and resilient performance.

About Dar Group

Dar Group is a leading global design and engineering conglomerate with award-winning impact and global reach.

As an engineering, architectural, and planning consultancy that values speciality expertise, the Group is united by a commitment to providing clients with multi-disciplinary solutions rooted in quality, innovation, collaboration, sustainability, and technology to deliver social and community impact.

Dar Group’s portfolio spans across architecture, engineering, infrastructure, project management and energy consultancy.

https://www.dargroup.com/

LinkedIn

About CopperTree

CopperTree Analytics is a building analytics service provider with an industry-leading Kaizen platform that utilizes patented data-contextualizing technology to solve prevalent issues in building energy management and data integrity.

The platform, a full-stack proprietary software solution, was purpose-built and consists of an energy information system (EIS) and a fault detection and diagnostics (FDD) platform with integrated system performance auditing. Using a SaaS model paired with managed services, CopperTree provides powerful insights designed to save customers money and energy.

For over a decade, CopperTree has provided SaaS and managed analytics services to commercial and industrial buildings.

https://www.coppertreeanalytics.com/

*Source: AETOSWire

Contacts

Rachel Taylor
+44 (0)2079621333

Rachel.Taylor@dar.com

Nathanael Moyers
+44 (0)7517908728

Nathanael.moyers@dargroup.com

Julia Timms
+971 (0) 56 525 8640

Julia.timms@dargroup.com

TORONTO & NEW YORK–(BUSINESS WIRE)–$REAX #therealbrokerage–The Real Brokerage Inc. (TSX: REAX) (NASDAQ: REAX), the fastest-growing publicly traded real estate brokerage, today announced that Great Life RE, LLC, led by Lainey Jones and Eleanor Cippel, has joined the company from eXp Realty, LLC. The group’s addition significantly expands Real’s presence in eastern Tennessee, and continues Real’s recruiting momentum.

Founded in 2017 by veteran real estate agent Lainey Jones and marketing executive Eleanor Cippel as an independent brokerage that offered agents a differentiated platform, Great Life joined eXp in 2019. The 30-member group, which includes agents who practice in Knoxville, Florida and North Carolina, generated $100 million in sales in 2022.

“Great Life RE’s success is built on the values we cherish the most at Real – partnership and an unwavering commitment to provide agents with a platform that allows them to deliver great service,” said Sharran Srivatsaa, President of The Real Brokerage. “We are thrilled to welcome Lainey, Eleanor and the rest of the Great Life RE group to The Real Brokerage family. They will be a great addition to our collaborative culture.”

One of the top producing lake and waterfront agents, Jones began her real estate career as an appraiser in Florida. She spent nearly a decade as a development manager at a leading software company before becoming an agent in 2007. Prior to forming Great Life, Jones spent six years as an agent/broker at RE/MAX in Maryville, TN.

“We started Great Life with a vision of creating a better place for agents. Real provides us with an opportunity to offer our agents an advantage,” Jones said. “Real’s connected culture and value of ‘Word Hard. Be Kind.’ fit with how we have shaped Great Life and allowed us to attract some of the highest quality agents to our group.”

A former media, innovation and marketing executive, Cippel began practicing full time in 2017, after spending nearly two decades in media sales leadership and innovation at some of the nation’s largest publishers and as Chief Marketing Officer at Coats2Coats, where she consulted and coached entrepreneurs. As an agent, Cippel has focused on the luxury and lake home real estate segments. She also uses her experience to help coach agents.

“We’ve been watching the growth and momentum at Real and wanted to be part of a brand that is not only growing, but also shares our core values,” said Cippel. “We’ve built Great Life around a culture of collaboration. At Real, they are focused on eliminating silos and ensuring that agents are positioned for long-term success.”

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 at the date hereof. Forward-looking information in this press release includes, without limiting the foregoing, expectations regarding Real’s growth and the business and strategic plans of the Company.

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. 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.

About Real

The Real Brokerage Inc. (TSX: REAX) (NASDAQ: REAX) is revolutionizing the residential real estate industry by pairing best-in-class technology with the trusted guidance of the agent-led experience. Real delivers a cloud-based platform to improve efficiencies and empower agents to provide a seamless end-to-end experience for home buyers and sellers. The company was founded in 2014 and serves 45 states, D.C., and three Canadian provinces with over 9,000 agents. Additional information can be found on its website at www.onereal.com.

Contacts

Investor inquiries:

Jason Lee

Vice President, Capital Markets & Investor Relations

investors@therealbrokerage.com
908.280.2515

For media inquiries, please contact:

Elisabeth Warrick

Director, Communications

elisabeth@therealbrokerage.com
201.564.4221