• Sign up for the Daily Digest Email!
  • Twitter
  • Facebook
  • Google Plus One
  • RSS

REIT REPORT

REIT news, Real Estate Investment Trusts, Canadian REIT News, REIT Stocks Canada

  • Home
  • Headlines
  • Daily Digest Email
  • Canadian REITs

NMG Selects Pomerleau for Construction Management Preparation of its Phase-2 Facilities: Focus on Efficient, Cost-Optimized, and Safe Execution once FID is Reached

October 27, 2023 By Business Wire

+ NMG is mapping its execution strategy for the Phase-2 Matawinie Mine and Bécancour Battery Material Plant to ensure swift start of construction as soon as FID is reached.

+ NMG selects Pomerleau for pre-construction management; focus on construction sequence and logistics, budget revisions, procurement strategy, HSE preparation, etc.

+ Pomerleau brings extensive experience in major infrastructure construction, excellent track record in safety, quality and environmental management, skilled and stable team with access to pool of workers and contractors, and civil works self-perform capabilities.

+ Work to refine CAPEX estimates in light of advanced engineering, stabilizing material costs, technological enhancements, and synergies between sites is expected to generate cost optimization.

+ As one of the leading players in the field of industrial construction, Pomerleau has a deep understanding of the specific requirements and challenges of the Québec and Canadian markets.




MONTRÉAL–(BUSINESS WIRE)–$NMG #ESG–Nouveau Monde Graphite Inc. (“NMG“ or the “Company”) (NYSE: NMG, TSX.V: NOU) furthers its execution readiness for the construction of its Phase-2 commercial facilities, the Matawinie Mine and the Bécancour Battery Material Plant, with the appointment of Pomerleau as Construction Manager for the pre-construction stage. With sustained engagement from tier-1 battery manufacturers to sign offtake agreements and confirmed interest from lenders and strategic investors to participate in NMG’s project financing, the Company is accelerating efforts to refine its execution plan for cost optimization, procurement, and construction at each site ahead of the final investment decision (“FID”).

Arne H Frandsen, Chair of NMG, declared: “Our strong owner’s team in engineering and project management now paired with experienced construction firm Pomerleau provides depth and technical expertise for refining our execution strategy. Amidst challenging economic conditions, we are seeking strategies to mitigate the expenses and uncertainties associated with complex construction projects to execute our projects responsibly while delivering on our commitment to our customers, community, and shareholders.”

Eric Desaulniers, Founder, President and CEO of NMG, said: “As battery production capacity continues to expand in Québec, North America and Europe, our commercial engagement is shifting from product qualification to execution and operation readiness to optimize our time-to-market window. Potential customers have tested our carbon-neutral active anode material produced at our Phase-1 facilities and are eager to access sizable volumes to support their manufacturing and growth. Contemplated anchor customers, lenders, and investors alike are seeking reassurance on our timeline and flawless execution with safety, environment, and quality as top priorities. We have found in Pomerleau a construction partner that shares our values and is keen to help us bring our vision to reality.”

Pomerleau is a prominent Canadian construction company specialized in the building, infrastructure and civil, and construction sectors. With a rich history spanning early six decades, Pomerleau boasts a workforce of over 4,000 dedicated employees and operates across more than 200 job sites across Canada with a strong focus on safety, innovation, and sustainability.

Projects Construction Overview

Leveraging process development, continuous sample production at Phase-1 facilities, environmental monitoring and management, and extensive site and project studies, NMG has made steady progress over the years toward construction and financing of its Phase-2 Matawinie Mine and Bécancour Battery Material Plant.

The Matawinie Mine has already obtained governmental approval – the main permit for the mining operation – following an exhaustive environmental review and public consultation. Since securing this approval, NMG has carried out preparatory work to build the nearly 8-km access road, construct key environmental infrastructure and execute early civil works. Detailed engineering for the industrial, mining and environmental facilities is also well advanced thanks to continued work with specialized firms AtkinsRéalis, SRK Consulting, and key contractors and equipment vendors. The site is now ready for major civil works including excavation, underground utilities, and concrete foundations once FID is reached.

Pomerleau’s mandate covers the pre-construction management of the industrial facilities, namely the concentrator, crusher, and associated infrastructure. Pomerleau is working closely with NMG’s project team to prepare a detailed construction sequence and schedule, to develop the contracting strategy, to optimize worksite logistics, to expand the health and safety, environment, and quality programs, and to integrate planning and engineering into Building Information Modeling (“BIM”), an advanced technology solution supporting enhanced project construction management for improved planning, tracking, project efficiency, productivity, and cost control.

At the Bécancour Battery Material Plant, the pre-construction mandate will build on the environmental studies completed thus far and active engineering work with BBA Inc. Pomerleau’s mandate includes construction scheduling, workforce planning, jobsite logistics, revision of the procurement strategy, and the development of health and safety, environment, and quality programs.

Pomerleau is also contributing to the budget revision, cost optimization, and project control activities for both projects. NMG aims to refine CAPEX estimates in light of advanced engineering and contemplated offtake agreements, and to reduce its exposure to market volatility and supply chain pressures. Considering that NMG’s integrated feasibility study for its Phase-2 operations was issued in July 2022 at the peak of inflation trends, the Company anticipates optimization of construction forecasts in light of stabilizing material costs, technological enhancement to align with customers’ specifications, synergies between the two sites proactive procurement strategy plus Pomerleau’s current construction mandates in the Bécancour industrial work.

Having retained Pomerleau for both projects provides saving opportunities and a harmonized project execution across sites thanks to core team, programs, and approach, enhancing the integration of engineering, procurement and construction management. NMG will also benefit from Pomerleau’s established pool of workers and specialty subcontractors in preparation for the execution stage.

NMG’s robust environmental, social, and governance (“ESG”) values, aligned with Pomerleau’s own, will be carried over in the construction phase and will be reflected in the procurement strategy. NMG is committed to upholding the highest standards of business ethics and human rights, to promoting best practices in occupational health and safety and environmental protection, to using proactive and innovative design, technology, and management to minimize the impact of its activities, and to working in collaboration with communities and First Nations to maximize local benefits.

About Nouveau Monde Graphite

Nouveau Monde Graphite is striving to become a key contributor to the sustainable energy revolution. The Company is working towards developing a fully integrated source of carbon-neutral battery anode material in Québec, Canada, for the growing lithium-ion and fuel cell markets. With enviable ESG standards, NMG aspires to become a strategic supplier to the world’s leading battery and automobile manufacturers, providing high-performing and reliable advanced materials while promoting sustainability and supply chain traceability. www.NMG.com

About Pomerleau

Pomerleau is one of Canada’s largest construction companies, with over $4,4 billion in revenues in 2022. It delivers buildings, infrastructures, civil engineering works, and major projects using alternative models. With its research and development lab, Pomerleau integrates innovation in more than 70% of its projects and works in a sustainable way to build the living environments of tomorrow. Its subsidiary Borea executes 50% of the country’s renewable construction projects, and ITC Construction Group, acquired in 2022, is one of the largest residential construction companies in the West. It also owns Pomerleau Capital, a subsidiary specializing in private infrastructure investment and financing. Founded 60 years ago, Pomerleau has over 4,000 employees and workers at over 200 sites from coast to coast. The Company has been named among Canada’s Top 100 Employers since 2020. www.pomerleau.ca

Subscribe to our news feed: https://bit.ly/3UDrY3X

Cautionary Note

All statements, other than statements of historical fact, contained in this press release including, but not limited to those describing the initiatives described in this press release, the execution strategy and readiness for the construction of its Phase-2 commercial facilities, the Matawinie Mine and the Bécancour Battery Material Plant, the steady progress over the years toward construction and financing of the Phase-2 Matawinie Mine and Bécancour Battery Material Plant, the selection of Pomerleau for pre-construction management, Pomerleau’s experience and technical expertise, Pomerleau’s mandate, Pomerleau’s work so far, Pomerleau’s collaboration with the project team, the BIM, the focus on construction sequence and logistics, budget revisions, procurement strategy, HSE preparation, the work to refine CAPEX estimates in order to generate cost optimization, the strategies to mitigate the expenses and uncertainties associated with complex construction projects, the interest from lenders and strategic investors to participate in the Company’s project financing, the efforts to refine the execution plan for cost optimization, procurement, and construction at each site ahead of the final investment decision, the commercial engagement shifting from product qualification to execution and operation readiness to optimize the time-to-market window, the desire of the potential customers to access significant volumes to support their manufacturing and growth, the governmental approval for the mining operation, the preparatory work to build the access road, to construct key environmental infrastructure and to prepare the industrial platform, the progress of the detailed engineering for the industrial, mining and environmental facilities, the pre-construction at the Bécancour Battery Material Plant mandate building on the environmental studies completed thus far and active engineering work with BBA Inc., the anticipation to optimize the construction forecasts in light of stabilizing material costs, technological enhancement to align with customers specifications, synergies between the two sites proactive procurement strategy plus Pomerleau’s current construction mandates in the Bécancour industrial work, the saving opportunities and the harmonization of the project execution across sites, the benefits from Pomerleau’s established pool of workers and contractors, the commitment to upholding the highest standards of business ethics and human rights, to promoting best practices in occupational health and safety and environmental protection, to using proactive and innovative design, technology, and management to minimize the impact of its activities, and to working in collaboration with communities and First Nations to maximize local benefits, and those statements which are discussed under the “About Nouveau Monde Graphite” and “About Pomerleau” paragraphs, in the quotes from Arne H Frandsen, Chair of NMG, and from Eric Desaulniers, Founder, President and CEO of NMG, and elsewhere in the press release which essentially describe the Company’s outlook and objectives, constitute “forward-looking information” or “forward-looking statements” (collectively, “forward-looking statements”) within the meaning of Canadian and United States securities laws, and are based on expectations, estimates and projections as of the time of this press release. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Company as of the time of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. These estimates and assumptions may prove to be incorrect. Moreover, these forward-looking statements were based upon various underlying factors and assumptions, including the current technological trends, the business relationship between the Company and its stakeholders, the ability to operate in a safe and effective manner, the timely delivery and installation at estimated prices of the equipment supporting the production, assumed sale prices for graphite concentrate, the accuracy of any Mineral Resource estimates, future currency exchange rates and interest rates, political and regulatory stability, prices of commodity and production costs, the receipt of governmental, regulatory and third party approvals, licenses and permits on favorable terms, sustained labor stability, stability in financial and capital markets, availability of equipment and critical supplies, spare parts and consumables, the various tax assumptions, CAPEX and OPEX estimates, all economic and operational projections relating to the project, local infrastructures, the Company’s business prospects and opportunities and estimates of the operational performance of the equipment, and are not guarantees of future performance.

Forward-looking statements are subject to known or unknown risks and uncertainties that may cause actual results to differ materially from those anticipated or implied in the forward-looking statements. Risk factors that could cause actual results or events to differ materially from current expectations include, among others, those risks, delays in the scheduled delivery times of the equipment, the ability of the Company to successfully implement its strategic initiatives and whether such strategic initiatives will yield the expected benefits, the availability of financing or financing on favorable terms for the Company, the dependence on commodity prices, the impact of inflation on costs, the risks of obtaining the necessary permits, the operating performance of the Company’s assets and businesses, competitive factors in the graphite mining and production industry, changes in laws and regulations affecting the Company’s businesses, political and social acceptability risk, environmental regulation risk, currency and exchange rate risk, technological developments, the impacts of the global COVID-19 pandemic and the governments’ responses thereto, and general economic conditions, as well as earnings, capital expenditure, cash flow and capital structure risks and general business risks. A further description of risks and uncertainties can be found in NMG’s Annual Information Form dated March 23, 2023, including in the section thereof captioned “Risk Factors”, which is available on SEDAR+ at www.sedarplus.ca and on EDGAR at www.sec.gov. Unpredictable or unknown factors not discussed in this Cautionary Note could also have material adverse effects on forward-looking statements.

Many of these uncertainties and contingencies can directly or indirectly affect, and could cause, actual results to differ materially from those expressed or implied in any forward-looking statements. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements are provided for the purpose of providing information about management’s expectations and plans relating to the future. The Company disclaims any intention or obligation to update or revise any forward-looking statements or to explain any material difference between subsequent actual events and such forward-looking statements, except to the extent required by applicable law.

The market and industry data contained in this press release is based upon information from independent industry publications, market research, analyst reports and surveys and other publicly available sources. Although the Company believes these sources to be generally reliable, market and industry data is subject to interpretation and cannot be verified with complete certainty due to limits on the availability and reliability of raw data, the voluntary nature of the data-gathering process and other limitations and uncertainties inherent in any survey. The Company has not independently verified any of the data from third-party sources referred to in this press release and accordingly, the accuracy and completeness of such data is not guaranteed.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Further information regarding the Company is available in the SEDAR+ database (www.sedarplus.ca), and for United States readers on EDGAR (www.sec.gov), and on the Company’s website at: www.NMG.com

Contacts

MEDIA

Julie Paquet

VP Communications & ESG Strategy

+1-450-757-8905 #140

jpaquet@nmg.com

INVESTORS

Marc Jasmin

Director, Investor Relations

+1-450-757-8905 #993

mjasmin@nmg.com

The Real Brokerage Announces New Brand Positioning; Game-Changing Marketing Tools For Its Agents

October 26, 2023 By Business Wire

The Real Brokerage debuts new real estate experience company brand

TORONTO & NEW YORK–(BUSINESS WIRE)–$REAX #therealbrokerage–The Real Brokerage Inc. (NASDAQ: REAX), the fastest-growing, publicly traded real estate brokerage, used its second annual signature conference, RISE 2023 being held Oct. 22-24 in San Diego, to unveil new brand positioning. Real’s enhanced brand reflects the company’s unique market position as the real estate experience company focused on creating a better consumer experience with agents at the center.




The bold new positioning communicates Real’s vision to simplify life’s most complex transaction by creating a simple solution that combines every touchpoint in the home buying and selling process into a single, seamless experience. This refreshed messaging follows the company’s expansion into Nebraska, its 50th state, on Monday, which will be celebrated this morning with a digital billboard in Times Square to mark the achievement.

“Real’s vision is a world in which home buying and selling is a simple and enjoyable experience for everyone. Our new positioning represents this vision as well as our culture of community, and it comes at a time when Real has distinguished itself as the fastest-growing publicly traded brokerage firm for two years running and the only one to continue to grow profitability and truly innovate during a challenging and contracting real estate market,” said Real President Sharran Srivatsaa.

In conjunction with the brand update, Real introduced several new marketing tools, including an end-to-end Agent Listing Toolkit and a Digital Asset Management System that allows agents to easily access the company’s extensive marketing resources as part of their affiliation with Real. In addition, Real rolled out an updated Design Center and announced an agreement with Luxury Presence as a preferred vendor to support agents in developing AI-enhanced websites optimized for lead generation.

“Real as an organization is known by the agent community for being innovative, inclusive and bold, and that’s exactly what we wanted our brand to represent. We are committed to communicating who we are through our graphic identity and providing our agents with the support and resources they need to differentiate themselves to increase their impact within their local markets,” said Dre Madden, Real’s Chief Marketing Officer.

The Agent Listing Toolkit was specifically designed to help agents win more listings and support their listing marketing in today’s competitive environment. The toolkit includes a comprehensive suite of consumer listing presentation tools, digital and video marketing assets and step-by-step coaching and training programs for agents. The toolkit will be easily accessible via Real’s award winning agent platform.

The Digital Asset Management System was designed to be a repository for all of Real’s creative materials and content. Organized by custom portals to provide a useful interface for agents to easily access these materials, the system will empower agents to discover and distribute marketing collateral, while ensuring brand consistency and accuracy over the long term.

The Creative Studio is a new portal that houses a redesigned library of resources to meet agents’ production marketing needs. One element of the Creative Studio is Real’s Design Center, which seamlessly integrates with Real’s MLS data feed, ensuring that all information is accurate and up-to-date and eliminating the need to enter data manually. The other element is made up of a new suite of fully customizable resources designed with top-producing agents in mind.

Real’s newly formed preferred vendor relationship with all-in-one website development platform Luxury Presence provides agents with discounted pricing on professional web design for their agent and individual property website, as well as cutting-edge lead capture tools and 24/7 customer care. Agents will now be able to easily build impactful websites pre-populated with Real’s elevated brand identity.

As a company that is reinventing and challenging the traditional real estate process, Real has elevated the look and feel of its graphic identity by modifying the Real logo with the addition of a square graphic element and introducing new colors and a visual identity system that elevates the company’s earlier tech-inspired designs. The company’s new look and messaging were updated to appeal to both agents and consumers as Real focuses on expanding its consumer-facing offerings.

The new graphic identity is available to agents immediately and will be visible on the company’s updated website in the coming weeks.

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 12,000 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 launch of new marketing tools for its 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 Real’s inability to successfully launch its new marketing tools for 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

Dream Impact Trust Announces October 2023 Monthly Distribution

October 25, 2023 By Business Wire

TORONTO–(BUSINESS WIRE)–DREAM IMPACT TRUST (TSX: MPCT.UN) (“Dream Impact” or the “Trust”) today announced its October 2023 monthly distribution in the amount of 5.333 cents per Unit (64 cents annualized). The October distribution will be payable on November 15, 2023 to unitholders of record as at October 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

Dream Office REIT Announces October 2023 Monthly Distribution

October 24, 2023 By Business Wire

TORONTO–(BUSINESS WIRE)–DREAM OFFICE REIT (TSX: D.UN) (“Dream Office” or the “Trust”) today announced its October 2023 monthly distribution of 8.333 cents per REIT Unit, Series A ($1.00 annualized). The October distribution will be payable on November 15, 2023 to unitholders of record as at October 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

Dream Office REIT Q3 2023 Financial Results Release Date, Webcast and Conference Call

October 23, 2023 By Business Wire

TORONTO–(BUSINESS WIRE)–DREAM OFFICE REIT (TSX: D.UN) (“Dream Office”) will be releasing its financial results for the quarter ended September 30, 2023, on Thursday, November 9, 2023.


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:

Friday, November 10, 2023 at 10:00 a.m. (ET)

Audio:

1-800-319-4610 (toll free)

 

416-915-3239 (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 Office’s website at www.dreamofficereit.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 Office’s website.

About Dream Office

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

The Real Brokerage Inc. Names Christian Wallace Chief of Integrated Home Services

October 20, 2023 By Business Wire

Former Rocket Homes, Better.com, Opendoor executive brings experience building and scaling platforms and consumer experiences

TORONTO & NEW YORK–(BUSINESS WIRE)–$REAX #therealbrokerage–The Real Brokerage Inc. (NASDAQ: REAX), the fastest-growing, publicly traded real estate brokerage, today announced that Christian Wallace, who has held leadership positions at some of the best-known real estate technology companies, has joined the company as Chief of Integrated Home Services.


In the newly created role, Wallace will oversee Real’s consumer-facing products, which are central to the company’s mission to simplify life’s most complex transaction. By combining every touchpoint of home buying and selling into a seamless experience, Wallace’s work will help empower consumers to manage every aspect of the transaction lifecycle through a simple mobile application. She reports to Real Chairman and CEO Tamir Poleg.

“Just as Real is changing the landscape for real estate professionals, we are equally committed to revolutionizing the homeownership journey from start to finish for consumers,” Poleg said. “Christian brings the unique combination of being an agent who has also built the customer experiences at some of the leading disruptors in the real estate industry, all of which are in the race to change how people buy and sell homes. I couldn’t be more pleased that Christian will be driving our integrated services platform, which today consists of mortgage and title businesses, but has the potential to become so much more.”

Wallace joins Real from Rocket Homes where she oversaw a number of functions, including business development, back-end operations and the partner real estate agent network. During her tenure at Rocket, she was responsible for a number of initiatives designed to improve the customer experience, which led to improved conversion and retention rates and higher customer satisfaction.

Prior to joining Rocket Homes in 2022, she served as Head of Real Estate Services at Better.com where she was responsible for building a 25-state brokerage business and growing the company’s real estate team from 10 to 2,000 professionals. Earlier, she was a Region Home Advisor Director at Opendoor, where she helped to build and scale all aspects of the iBuyer business.

“There are a lot of companies looking to make it easier for consumers to become homeowners. At Real, the company has made a huge investment by acquiring mortgage and title businesses and everybody is moving in the same direction to help both our agents and their clients be successful,” Wallace said. “As someone who is obsessed with creating the best experience imaginable, Real provides the runway to change the game for consumers.”

Wallace began her real estate career in 2014 following a decade with FedEx Services in a regional sales leadership role. She earned her bachelor’s degree at Texas Tech University and MBA from Rochester Institute of Technology.

About Real

The Real Brokerage Inc. (NASDAQ: REAX) is revolutionizing the residential real estate industry by pairing best-in-class technology with the trusted guidance of the agent-led experience. Real delivers a cloud-based platform to improve efficiencies and empower agents to provide a seamless end-to-end experience for home buyers and sellers. The company was founded in 2014 and serves 49 states, D.C., and four Canadian provinces with more than 12,000 agents. Additional information can be found on its website at www.onereal.com.

Forward-Looking Information

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

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

Contacts

Investor inquiries:

Ravi Jani

Vice President, Investor Relations and Financial Planning & Analysis

investors@therealbrokerage.com
908.280.2515

For media inquiries:

Elisabeth Warrick

Senior Director, Marketing, Communications & Brand

elisabeth@therealbrokerage.com
201.564.4221

Internationally Acclaimed Canadian Artists Come Together to Donate Major Artworks to Support Vancouver Chinatown Foundation’s 58 West Hastings Project

October 19, 2023 By Business Wire

58 West Hastings is a ten-storey community-oriented social housing and health centre located in Vancouver’s Downtown Eastside

VANCOUVER, British Columbia–(BUSINESS WIRE)–Over several decades, poverty, homelessness, drug addiction, and an urgent need for critical mental health services have come to characterize Vancouver’s Downtown Eastside (DTES). This November, seven prominent artists have aligned themselves with the Vancouver Chinatown Foundation in championing a new innovative social housing and health care facility that is setting the precedent for cities across Canada – 58 West Hastings. Participating artists include Dana Claxton, Douglas Coupland, Stan Douglas, Angela Grossmann, Ken Lum, Martha Sturdy, and Lawrence Paul Yuxweluptun.


Led by the Vancouver Chinatown Foundation, the project will provide 231 new social and affordable housing units and bring together multiple levels of government support, including BC Housing and Canada Mortgage and Housing Corporation and $30 million from the Chinatown Foundation. It will also house the Lily Lee Community Health Centre, a 50,000-square-foot integrated health centre operated by Vancouver Coastal Health (VCH). It will provide critical resources and accessible health care to support the unique needs of the Chinatown and DTES residents, including access to specialized mental health and addiction care.

“58 West Hastings will stand as the gold standard for affordable housing projects in Vancouver and across Canada. It is a project that has community and care at its core,” said Carol Lee, Chair of Vancouver Chinatown Foundation. “Having this collective of Canada’s leading artists provide their works to raise additional funding is an absolute gift. This project is truly paving the way forward for what can be done when we join forces as a community.”

Inspired by this innovative and important initiative, Angela Grossmann and Martha Sturdy spearheaded conversations amongst Vancouver’s community of artists who have lived, worked, and studied in the neighbourhood. When asked to contribute artwork to this pivotal project for Vancouver, the response from each artist approached was a resounding ‘yes.’ An impressive collection of generously donated artworks will be auctioned this fall at a live event in support of the project. Reproductions of each donated work of art will be translated into the design of the building.

Notably, Stan Douglas, who represented Canada at the Venice Biennale in 2022, has contributed one of his most iconic photographs directly from his personal collection entitled Every Building on 100 West Hastings. Douglas’s work involves extensive historical research and is known to pinpoint localized moments that speak to broader societal shifts. The 16-foot-long chromogenic print is constructed from 21 carefully staged images digitally stitched together and purposefully devoid of traffic or people, offering viewers a layered narrative of the empty street. The monumental work is included in museum collections, including The Museum of Fine Arts Houston (MFAH) and The Vancouver Art Gallery (VAG) and has not been offered for sale publicly in over a decade.

In addition, Vancouver-based Hunkpapa Lakota (Sioux) artist Dana Claxton, the 2023 Audain Prize winner, has offered a unique work entitled NDN Ironworkers Tool Still Life from her 2018 solo exhibition Fringing The Cube at the Vancouver Art Gallery.

This significant collection includes seven works in total, with new works created specifically for the project by Douglas Coupland, Ken Lum, Lawrence Paul Yuxweluptun, Martha Sturdy, and Angela Grossmann.

“Each work donated was offered with the residents of the building in mind, realizing that placing works in a domestic space is a great privilege and comes with a huge responsibility,” says Grossmann. “Putting art into a building can be transformative, and I felt it was crucial that we include works from artists with a history of living and working in this neighbourhood and whose works address issues of social responsibility.

“I think the artists saw this as an opportunity to give work that speaks from their heart,” adds Grossmann.

Two titans of culture in Canada are the Honorary Co-Chairs of the committee spearheading this initiative, Michael Audain and the late Phil Lind. The collection will be previewed at the Vancouver Art Gallery on Tuesday, November 7th, with the live auction taking place on Thursday, November 9th, at the Vancouver Chinatown Foundation Autumn Gala hosted at Fairmont Hotel Vancouver. Funds realized will directly benefit the project, with partial funds allocated to installing reproductions of the artworks in the lobby and on each floor of the building. Absentee and telephone bidding is available for those who cannot attend the event. For more information, please contact Tom Gautreau at getithandled@me.com.

For more information about 58 West Hastings and the auction, visit https://www.chinatownfoundation.org/auction.

About Vancouver Chinatown Foundation

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

Contacts

Media
Stuart Martin

Talk Shop Media

213-235-8581

stuart@talkshopmedia.com

National Homes and Brixen Developments Unite to Donate $500,000 to Brampton’s New Hospital

October 18, 2023 By Business Wire

BRAMPTON, Ontario–(BUSINESS WIRE)–National Homes and Brixen Developments have joined hands in a partnership to contribute $100,000 annually for the next five years, totaling a $500,000 donation towards the construction of Brampton’s new hospital for the William Osler Health System. This significant commitment, by two prominent names in the real estate and development industry, exemplifies their unwavering dedication to the well-being and prosperity of the Brampton community.




With a shared vision for a healthier and stronger Brampton, National Homes and Brixen Developments have stepped forward to provide vital support to the city’s healthcare infrastructure. Their generous donation will play a pivotal role in the transformation of health care in Brampton and Etobicoke. Peel Memorial Centre for Integrated Health and Wellness (Peel Memorial) will include a new multi-storey patient tower, new and enhanced outpatient services and day programs and the expansion of the existing Urgent Care Centre to 24/7 operations – enhancing healthcare services, improving patient care, and ensuring that the local community receives excellent state-of-the-art medical treatment.

In recognition of this contribution, Mayor Brown and the Brampton City Council expressed their gratitude by presenting a special gift at a recent public event attended by all members of Council. The gift, a signed Tavares Toronto Maple Leafs jersey, symbolizes the city’s appreciation for National Homes and Brixen Developments’ dedication to Brampton’s healthcare future. In a heartfelt gesture, National Homes and Brixen Developments have decided to donate the signed jersey back to the hospital, where it will be gifted to a child in need.

Mayor Brown remarked on the company’s long standing history with the community by saying “thank you very much Jason (Pantalone) for your support in all City initiatives.” He spoke about how this significant donation will undoubtedly make a substantial difference in the lives of Brampton residents and patients at the new hospital.

The pledge from these industry leaders reaffirms their belief in the potential of Brampton as a vibrant and thriving community. “We can think of half a million reasons why we love Brampton,” said Jason Pantalone, President and CEO Managing Partner of National Homes, who went on to say “We’ve developed thousands of acres in Brampton and built roughly 6,000 homes there since 1992,” says Pantalone, expressing their commitment to the city’s future.

The new hospital, a vital addition to Brampton’s healthcare infrastructure, will serve as a beacon of hope and healing for the community, thanks to the invaluable support from National Homes and Brixen Developments.

This philanthropic partnership sprung from the 2023 National Homes and Brixen Developments successful release of Duo Condos in Brampton, a luxurious 25-storey condominium conceived and created with inputs received from investors and community stakeholders. Right from its location, its focus on transit to its many inspired amenities, DUO represents the culmination of a vision – the introduction of a connected and convenient way of living in Brampton.

National Homes and Brixen Developments invite other community leaders and businesses to join them in supporting the growth and well-being of Brampton. Their commitment to making a positive impact on the city is a testament to the power of collaboration and community spirit.

ABOUT NATIONAL HOMES

Since 1992 National Homes has been in the business of designing, building, marketing and selling new homes based on understanding and responding to our customers’ needs.

ABOUT BRIXEN DEVELOPMENTS

Brixen Developments was launched in 2019 by Alexander D’Orazio and Andrew Iacobelli based on a shared commitment to quality, desire to build communities, and the underlying belief that people come first.

Contacts

For media inquiries or further information, please contact:

Lianne McOuat

lianne@partnership.ca
416-953-0380

Slate Office REIT to Release Third Quarter 2023 Financial Results

October 17, 2023 By Business Wire

TORONTO–(BUSINESS WIRE)–Slate Office REIT (TSX: SOT.UN) (the “REIT”), an owner and operator of high-quality workplace real estate, announced today that it will be releasing its third quarter 2023 financial results by the end of business on Tuesday, November 14, 2023. Senior management will host a live conference call at 9:00 a.m. ET on Wednesday, November 15, 2023 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=1636214&tp_key=fa2c2e128c. A replay will be accessible until November 29, 2023 via the REIT’s website or by dialing (416) 764-8692 or 1 (877) 674-7070 (access code 068482#) approximately two hours after the live event.

About Slate Office REIT (TSX: SOT.UN)

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

About Slate Asset Management

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

Forward-Looking Statements

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

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

SOT-FR

Contacts

For Further Information
Investor Relations

+1 416 644 4264

ir@slateam.com

Tricon Announces Date for Third Quarter 2023 Results Conference Call

October 16, 2023 By Business Wire

TORONTO–(BUSINESS WIRE)–Tricon Residential Inc. (NYSE: TCN, TSX: TCN) (“Tricon” or the “Company”), an owner and operator of single-family rental homes in the U.S. Sun Belt and multi-family rental apartments in Canada, invites you to participate in its live conference call with senior management to discuss the Company’s financial results for the third quarter of 2023. The call will take place on Wednesday, November 8th at 11 a.m. ET.


Tricon’s financial statements and management’s discussion and analysis for the third quarter of 2023 will be released prior to the call and will be made available on the Company’s website, on the U.S. Securities and Exchange Commission website at www.sec.gov and on the Canadian Securities Administrators’ website at www.sedar.com. The Company will also release supplementary information which will be available on the Tricon Residential Investor Relations website at www.triconresidential.com.

To access the call, please dial (888) 550-5422 or (646) 960-0676 (Conference ID #3699415). The conference call will be available via webcast on the Tricon Residential Investor Relations website at www.triconresidential.com. A replay of the call will be available from 2pm ET on November 8th, 2023, until midnight ET, on December 8th, 2023. To access the replay, call (800) 770-2030 or (647) 362-9199, followed by Conference ID #3699415.

About Tricon Residential Inc.

Tricon Residential Inc. (NYSE: TCN, TSX: TCN) is an owner and operator of a growing portfolio of approximately 37,000 single-family rental homes in the U.S. Sun Belt and multi-family apartments in Canada. Our commitment to enriching the lives of our employees, residents and local communities underpins Tricon’s culture and business philosophy. We provide high-quality rental housing options for families across the United States and Canada through our technology enabled operating platform and dedicated on-the-ground operating teams. Our development programs are also delivering thousands of new rental homes and apartments as part of our commitment to help solve the housing supply shortage. At Tricon, we imagine a world where housing unlocks life’s potential. For more information, visit www.triconresidential.com.

Contacts

For further information:

Wissam Francis

EVP & Chief Financial Officer

Wojtek Nowak

Managing Director, Capital Markets

Email: IR@triconresidential.com

College Student Mental Wellness Advocacy Coalition Launches Second Annual Survey to 800,000 Students; Expands Partnerships with Mental Health Nonprofits

October 13, 2023 By Business Wire

Largest college student questionnaire of its kind to provide benchmarking for 2024 Thriving College Students Index Report




AUSTIN, Texas–(BUSINESS WIRE)–#hihowareyou–The College Student Mental Wellness Advocacy Coalition launches its second annual Thriving College Student Mental Wellness Survey today—on World Mental Health Day—in partnership with the Hi, How Are You Project (HHAYP) and The Jed Foundation (JED).

The largest survey of its kind will be fielded in the U.S. and Canada by world leader in research, Ipsos, to nearly 800,000 students residing in college housing communities. The survey results will be reported in the form of an annual Index in January 2024.

“Thanks to this survey data, we will have the opportunity to continue to learn about various dimensions of student mental wellness including their levels of stress and anxiety, coping mechanisms, future outlook, feelings of connectedness, and more,” said Dr. Sonia Krishna, a board-certified physician specializing in child, adolescent, and adult psychiatry and Hi, How Are You Project board member. “We encourage all students who receive the survey to complete it as this actionable data will help us develop mental wellness resources, staff training, and community programming in the ways they are most needed.”

With a second year of data, the Coalition will provide benchmarking for the first time to keep a pulse on student wellbeing as well as measure the impact of the Coalition’s initiatives.

“JED is proud to work alongside fellow Coalition members to continue protecting emotional health and preventing suicide among our nations’ teens and young adults. College students and members of the campus community play critical roles in the collaboration, cultivation, and creation of life-saving cultures of care,” said John MacPhee, CEO, The Jed Foundation. “The Index will assist us in better understanding the unique challenges and conditions that students are now facing, allowing us to develop programs that affect positive change on both an individual and systemic level.”

The Coalition envisions a world where all young adults thrive thanks to the support of their residential communities that are dedicated to promoting and advocating for mental wellness to facilitate personal fulfillment and academic success. In addition to HHAYP and JED, it is made up of 24 member companies in the student housing industry including:

American Campus Communities

CA Student Living

Campus Advantage

Campus Apartments

Cardinal Group Management

Core Spaces

Landmark

Peak Campus

Pierce Education Properties

Preiss

RPM

Student Quarters

The Scion Group

Greystar

Michaels Student Living

Campus Life & Style

Asset Living

Caliber Living

Yugo

Balfour Beatty

Dinerstein

University Partners

Gilbane Development Company

GMH Communities

“By uniting as an industry, we know our impact can be so much greater and longer lasting,” said Jonathan Bove, Coalition chair. “We aim to leverage the diverse skill sets and capacities of our member organizations so that students get the resources and programming they need to thrive personally and academically in their residential communities.”

To learn more about the new College Student Mental Wellness Advocacy Coalition, please visit www.thrivingcollegestudents.org.

About the College Student Mental Wellness Advocacy Coalition

The College Student Mental Wellness Advocacy Coalition is an alliance of the nation’s top student housing providers who advocate for student mental wellness through encouraging open conversations, providing resources, and developing industry-wide peer-to-peer staff training programs, in partnership with mental health non-profits, The Jed Foundation (JED) and Hi, How Are You Project (HHAYP). Since its founding in 2022, the Coalition continues to expand its reach and impact as it envisions a world where all young adults thrive thanks to the support of their residential communities that are dedicated to promoting and advocating for mental wellness to facilitate personal fulfillment and academic success. www.thrivingcollegestudents.org

About the Hi, How Are You Project

The Hi, How Are You Project (HHAYP) is an Austin, TX-based 501c3 nonprofit organization with the mission to remove the stigma around mental health, one conversation at a time. The organization aims to educate people worldwide about the importance of mental health and wellbeing while promoting a culture of inclusion. www.hihowareyou.org

About The Jed Foundation (JED)

JED is a leading nonprofit that protects emotional health and prevents suicide for our nation’s teens and young adults. We’re partnering with high schools and colleges to strengthen their mental health, substance misuse, and suicide prevention programs and systems. We’re equipping teens and young adults with the skills and knowledge to help themselves and each other. We’re encouraging community awareness, understanding, and action for young adult mental health.

Connect with JED: Email | Twitter | Facebook | Instagram | YouTube | LinkedIn | Snapchat | Pinterest

Contacts

Gina Cowart

American Campus Communities

512-350-8136

gcowart@americancampus.com

SpotHero Hires New Chief Financial Officer

October 12, 2023 By Business Wire

Leading parking reservation app in North America adds strategic CFO to drive transformative growth, operational focus, and investment in innovation.

CHICAGO–(BUSINESS WIRE)–SpotHero, the leading parking reservation marketplace in North America, announced Kavita Suthar as its new Chief Financial Officer. The announcement comes as SpotHero continues to utilize and develop cutting-edge technology to further digitize the multi-billion-dollar parking industry.




“We’re thrilled to welcome Kavita as our new Chief Financial Officer,” said SpotHero CEO and co-founder Mark Lawrence. “She brings a wealth of experience and expertise in financial strategy and management. Her commitment to excellence and her strategic vision will play a pivotal role in guiding SpotHero toward continued financial growth and success.”

Suthar will oversee the company’s finance and accounting functions with a focus on strategic and operational execution. Prior to SpotHero, Suthar was the CFO at Redbox where, in her 7+ years, she helped the business scale and was part of the leadership team that took the company public. Suthar held several roles at Redbox across FP&A and Strategy. Before Redbox, Suthar spent 10+ years at US Cellular across various roles including Corporate Finance, Strategy, and Marketing. She began her career as an auditor with Grant Thornton.

“I’m very excited to officially join the SpotHero team,” said Suthar, whose official start date as SpotHero’s Chief Financial Officer was October 5. “SpotHero is a beloved customer brand that is in a unique position as both an industry leader and innovator thanks to its continued focus on developing and implementing innovative technology.”

Hiring Suthar builds upon SpotHero’s recent momentum, including the opening of their new Chicago and Toronto offices. The expansion continues to strengthen our leadership position in their North American markets. SpotHero was also named the 2023 CityLIGHTS award winner by 1871, recognizing SpotHero’s position as a category leader within the parking industry and as a beacon in the Chicago tech community.

For more information on SpotHero, please visit spothero.com.

About SpotHero

SpotHero is the leading parking reservation marketplace in North America with over $1 billion in parking reservations sold. Millions of drivers use SpotHero’s mobile apps and website to find, book and access off-street parking in more than 8,000 locations in over 300 cities in the U.S. and Canada. Leading operator partners leverage SpotHero’s machine learning-powered dynamic pricing platform SpotHero IQ to power data-driven decisions. For more information, visit SpotHero.com.

Contacts

Press@spothero.com

  • « Previous Page
  • 1
  • …
  • 34
  • 35
  • 36
  • 37
  • 38
  • …
  • 104
  • Next Page »

Sign up for the Daily Digest Email!

Receive the latest news stories from the REIT Report every morning for FREE!

100% Privacy. No SPAM. We promise.

Daily Movers

Ticker News Price Chg Chg%
d.un:ca$14.92.7118.16%
csh.un:ca$9.340.545.78%
ax.un:ca$6.920.223.13%
kmp.un:ca$17.730.623.5%
nwh.un:ca$8.020.222.69%
mrt.un:ca$5.24-0.01-0.19%
grt.un:ca$81.72-0.11-0.13%
hot.un:ca$2.53-0.01-0.39%
fcr.un:ca$15.35-0.05-0.32%
dir.un:ca$14.22-0.41-2.87%
 

Market Snapshot

  • Advertise
  • About
  • Contact
  • Privacy Policy

Copyright © 2025 · REIT REPORT