HOUSTON–(BUSINESS WIRE)–Westlake Royal Building Products^™, a Westlake company (NYSE: WLK), has launched two new shake colors under its DaVinci^® Roofscapes brand: Timber Black and Blonde Cedar. Representing opposite ends of the color spectrum, each showcases the unique, natural variations of cedar that emerge depending on when, where and how it is harvested, opening a world of possibilities for nearly any home exterior.

“The latest additions to our Nature Crafted Collection highlight DaVinci’s dedication to creating roofing options that balance natural beauty with exceptional performance,” said Mark Pagel, general manager, DaVinci Roofscapes. “Timber Black and Blonde Cedar showcase the striking contrast and authenticity of real cedar, while delivering the durability and low-maintenance benefits homeowners expect from DaVinci.”

The new Timber Black color features deep grays and blacks reminiscent of the rich shades of freshly burning charcoal. Part of the Nature Crafted Collection, Timber Black combines a textured shake appearance with bold hues for the authentic feel of rustic black cedar trees found deep in the eastern forests of North America.

Warm and refined, the new Blonde Cedar color features distinct grain patterns that replicate the depth and light, airy coloring of sun-kissed cedar. The hue highlights a roof with a subtle luster of golden tones that add a comfortable, natural cedar distinction to lighten the mood of the entire home exterior.

Timber Black and Blonde Cedar are available in Select Shake, Single-Width Shake and Multi-Width Shake. DaVinci shake products are modeled from hand-split shake for natural, non-repeating beauty but without the ongoing maintenance, repairs and replacement needs of wood. The product’s unique composite construction outperforms natural cedar shake with a Class A Fire Rating, Class 4 Impact Rating and a 110-mph Straight-line Wind Rating. The tiles withstand winds up to 180 mph, meeting Coastal Florida’s performance for High Velocity Hurricane Zone (HVHZ) and Miami-Dade wind requirements when fastened properly.

Learn more at westlakeroyalbuildingproducts.com/roofing/davinci-roofscapes.

About DaVinci Roofscapes

Industry-leading DaVinci Roofscapes captures the authentic look of real cedar shake and natural slate in each of their composite roofing tiles. Made of virgin resins, UV and thermal stabilizer, plus a highly specialized fire retardant, each tile resists impact, fire and severe weather. They also defy insects, rotting, fading and splitting. Available in dozens of colors, the composite tiles are backed by a Lifetime Limited Material Warranty. DaVinci Roofscapes is a brand of Westlake Royal Building Products^™.

About Westlake Royal Building Products

Westlake Royal Building Products USA Inc., a Westlake company (NYSE:WLK), is a leader throughout North America in the innovation, design, and production of a broad and diverse range of exterior and interior building products, including Siding and Accessories, Trim and Mouldings, Roofing, Stone, Windows and Outdoor Living. Westlake Royal Building Products manufactures high quality, low maintenance products to meet the specifications and needs of building professionals, homeowners, architects, engineers and distributors, while providing stunning curb appeal with an unmatched array of colors, styles, and accessories.

For more information, please visit WestlakeRoyalBuildingProducts.com. Follow us on LinkedIn and Instagram and “Like” us on Facebook.

Contacts

Media Contact:
Wendy Bruch

wbruch@davinciroofscapes.com
Director of Marketing | DaVinci Roofscapes

TORONTO–(BUSINESS WIRE)–Granite Real Estate Investment Trust (“Granite”) (TSX: GRT.UN / NYSE: GRP.U) expects to announce its financial results for the third quarter ended September 30, 2025 after the close of markets on Wednesday, November 5, 2025.

Granite will hold a conference call and live audio webcast to discuss its financial results. The conference call will be chaired by Kevan Gorrie, President and Chief Executive Officer.

Conference Call:

Date:		Thursday, November 6, 2025 at 11:00 a.m. (ET)
Telephone:		North America (Toll-Free):		1-800-549-8228
		International (Toll):		1-289-819-1520
Conference ID/Passcode:		70287
Webcast:		To access the live audio webcast in listen-only mode, please visit https://events.q4inc.com/attendee/717195000 or https://granitereit.com/events

To hear a replay of the webcast, please visit https://granitereit.com/events. The replay will be available for 90 days.

ABOUT GRANITE

Granite is a Canadian-based REIT engaged in the acquisition, development, ownership and management of logistics, warehouse and industrial properties in North America and Europe. Granite owns 141 investment properties representing approximately 60.6 million square feet of leasable area.

OTHER INFORMATION

Copies of financial data and other publicly filed documents about Granite are available through the internet on the Canadian Securities Administrators’ System for Electronic Data Analysis and Retrieval+ (SEDAR+) which can be accessed at www.sedarplus.ca and on the United States Securities and Exchange Commission’s Electronic Data Gathering, Analysis and Retrieval System (EDGAR) which can be accessed at www.sec.gov. For further information, please see our website at www.granitereit.com or contact Teresa Neto, Chief Financial Officer, at 647-925-7560 or Andrea Sanelli, Senior Director, Legal & Investor Services, at 647-925-7504.

Contacts

Teresa Neto

Chief Financial Officer

647-925-7560

Andrea Sanelli

Senior Director, Legal & Investor Services

647-925-7504.

LADERA RANCH, Calif. & TUCSON, Ariz.–(BUSINESS WIRE)–SmartStop Self Storage REIT, Inc. (“SmartStop”) (NYSE: SMA), an internally managed real estate investment trust and a premier owner and operator of self-storage facilities in the United States and Canada, announced a significant milestone in its growth strategy with the signing of a contribution agreement for Argus Professional Storage Management (“APSM”), the sixth largest (and second largest independent) self-storage third-party management company in the U.S., according to Inside Self Storage, to combine with SmartStop. Together, SmartStop and APSM will own or manage over 460 self-storage properties in North America. The transaction is expected to close in October 2025, subject to customary closing conditions.

“We are very excited to announce this strategic combination, which expedites SmartStop’s expansion into third-party management in a manner that we believe will be immediately accretive to SmartStop’s FFO as Adjusted,” said H. Michael Schwartz, Chairman and Chief Executive Officer of SmartStop. “Perhaps more importantly, we are doing so with an absolutely top-notch entrepreneurial partner managing a portfolio with sizeable geographic overlap to our existing portfolio. APSM has earned a strong reputation for integrity and performance within the self-storage industry, and we are proud to join our two great companies. By combining Argus’ presence in the property management space with our innovative technology-driven platform, we can provide storage owners with a differentiated offering that is both flexible and powerful. Likewise, we believe that our entrepreneurial roots make us a terrific partner for owners both in the U.S. and Canada.”

“This is a game-changing deal for the self-storage industry,” said Ben Vestal, Chief Executive Officer of APSM. “This merger will create a best-in-class operating and management platform. SmartStop’s entrepreneurial approach along with its robust technology will allow APSM to continue to provide its clients with the flexibility they value while tapping into an industry-leading platform. The two companies’ cultures are very similar, with an emphasis on putting the client’s investment goals and objectives first. This merger will create the first entrepreneurial-minded, industry leading operating platform in self-storage.”

SmartStop will continue to embrace APSM’s entrepreneurial and collaborative approach to third-party management designed to meet the needs of independent storage owners and will be expanding that offering to three distinct partnership options:

1. SmartStop – a traditional SmartStop-branded strategy,
2. SmartStop Legacy – an option in which partners maintain their existing brand, but operate on SmartStop’s website and the SmartStop Platform, and
3. Full Private Label – a fully white label solution that fully preserves the existing brand identity from top to bottom, while running on the SmartStop Platform.

This flexible model empowers storage entrepreneurs to engage with SmartStop on their own terms, while gaining the advantages of SmartStop’s industry-leading technology, that drives operational efficiency, dynamic pricing, and comprehensive marketing. Additionally, SmartStop will offer customized bridge lending opportunities, providing further flexibility and liquidity to its partners. SmartStop’s collaborative approach to third-party management emphasizes independence and flexibility, tailoring solutions to each partner’s goals.

Advisors:

BMO Capital Markets Corp. is acting as SmartStop’s exclusive financial advisor in connection with the transaction. Nelson Mullins Riley & Scarborough LLP is providing legal counsel to SmartStop, and Fennemore Craig, P.C. is providing legal counsel to APSM.

About SmartStop Self Storage REIT, Inc. (SmartStop):

SmartStop Self Storage REIT, Inc. (“SmartStop”) (NYSE: SMA) is a self-managed REIT with a fully integrated operations team of more than 600 self-storage professionals focused on growing the SmartStop® Self Storage brand. SmartStop, through its indirect subsidiary SmartStop REIT Advisors, LLC, also sponsors other self-storage programs. As of September 24, 2025, SmartStop has an owned or managed portfolio of 236 operating properties in 23 states, the District of Columbia, and Canada, comprising approximately 170,500 units and 19.1 million rentable square feet. SmartStop and its affiliates own or manage 49 operating self-storage properties in Canada, which total approximately 41,800 units and 4.2 million rentable square feet.

About Argus Professional Storage Management (APSM):

Argus Professional Storage Management (APSM) is the second largest exclusively third-party management company in the self-storage industry. APSM manages 227 stores across 26 states (as of September 24, 2025), encompassing approximately 16.6 million rental square feet, 102,000 units. APSM generates more than $150 million of revenue per year for its third-party management stores and annually completes more than $10 million in capital improvements for its clients. Founded in 2012, APSM is headquartered in Tucson, Arizona, with corporate offices in Phoenix, Arizona; Denver, Colorado; and Dallas, Texas.

Caution About Forward-Looking Statements

Certain of the matters discussed in this press release, other than historical facts, constitute forward-looking statements within the meaning of the federal securities laws, and we intend for all such forward-looking statements to be covered by the applicable safe harbor provisions for forward-looking statements contained in such federal securities laws. Such forward-looking statements can generally be identified by our use of forward-looking terminology such as “may,” “will,” “expect,” “intend,” “anticipate,” “estimate,” “believe,” “continue,” or other similar words and expressions of the future or otherwise regarding the outlook for APSM’s, SmartStop’s or the combined company’s future businesses and financial performance and/or the performance of the self storage industry and economy in general (or the negative of such terms or other comparable terminology), or by discussions of strategy.

Such forward-looking statements include, but are not limited to, statements about the benefits of the proposed transaction between APSM and SmartStop, including future financial and operating results (including the anticipated impact of the proposed transaction on SmartStop’s FFO as adjusted), statements related to the expected timing of the completion of the proposed transaction, the combined company’s plans, objectives, expectations and intentions, and other statements that are not historical facts.

Forward-looking statements are subject to known and unknown risks and uncertainties that could cause the actual results, performance or achievements of APSM, SmartStop or the combined company to differ materially from those projected or anticipated, including, without limitation: (1) the risk that the cost savings and synergies from the proposed transaction may not be fully realized or may take longer than anticipated to be realized, (2) disruption to APSM’s business and to SmartStop’s business as a result of the announcement and pendency of the proposed transaction, (3) the risk that the integration of APSM’s and SmartStop’s respective businesses and operations will be materially delayed or will be more costly or difficult than expected, including as a result of unexpected factors or events, (4) the amount of the costs, fees, expenses and charges related to the transaction, (5) reputational risk and the reaction of each company’s customers, suppliers, employees or other business partners to the proposed transaction, (6) the failure of the closing conditions in the contribution agreement to be satisfied, or any unexpected delay in closing the proposed transaction or the occurrence of any event, change or other circumstances that could give rise to the termination of the contribution agreement, (7) the dilution caused by the issuance of OP Units in the transaction, (8) the possibility that the proposed transaction may be more expensive to complete than anticipated, including as a result of unexpected factors or events, (9) risks related to management and oversight of the expanded business and operations of the combined company following the closing of the proposed transaction, (10) the possibility the combined company is subject to additional regulatory requirements as a result of the proposed transaction or expansion of the combined company’s business operations following the proposed transaction, including, without limitation, potential regulatory approval related to the sale of tenant insurance, (11) the outcome of any legal or regulatory proceedings or governmental inquiries or investigations that may be currently pending or later instituted against APSM, SmartStop or the combined company, and (12) general competitive, economic, political and market conditions and other factors that may affect future results of APSM and SmartStop.

All forward-looking statements are based upon our current expectations and various assumptions relating to APSM, SmartStop or the combined company. Our expectations, beliefs and projections are expressed in good faith, and we believe there is a reasonable basis for them, but there can be no assurance that management’s expectations, beliefs and projections will result or be achieved. In addition, many of the factors referenced above are beyond the ability of APSM, SmartStop or the combined company’s to control or predict. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release and are not intended to be a guarantee of our performance in future periods. We do not intend to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

For further information regarding risks and uncertainties associated with our business, and important factors that could cause our actual results to vary materially from those expressed or implied in such forward-looking statements, please refer to the factors listed and described under the captions “Cautionary Note Regarding Forward-Looking Statements” and the “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2024, as supplemented by subsequent documents that we file from time to time with the SEC, including our Form 10-Qs and Form 8-Ks, copies of which may be obtained from our website at investors.smartstopselfstorage.com.

Contacts

David Corak
SVP of Corporate Finance and Strategy

SmartStop Self Storage REIT, Inc.

IR@smartstop.com

Jason Christley
Director, Marketing & Communications

Argus Professional Storage Management

jasonc@proselfstorage.com

LADERA RANCH, Calif.–(BUSINESS WIRE)–SmartStop Self Storage REIT, Inc. (“SmartStop”) (NYSE: SMA), an internally managed real estate investment trust and a premier owner and operator of self-storage facilities in the United States and Canada, announced that it has closed its previously announced CAD$200 million aggregate principal amount of Series B Senior Unsecured Notes, due September 24, 2030 (the “Notes”). The Notes were issued by SmartStop’s operating partnership, SmartStop OP, L.P. The Notes bear interest at a rate of approximately 3.888% per annum, payable in cash in equal semiannual installments commencing on March 24, 2026. The Notes are rated BBB mid with a Stable Outlook by Morningstar DBRS.

This Maple Bond marks SmartStop’s second senior unsecured Canadian bond offering, a testament to SmartStop’s long-standing and growing presence in the Canadian market with more than 15 years of experience in the GTA (“Greater Toronto Area”). SmartStop intends to use the net proceeds from the offering to repay outstanding indebtedness, fund acquisitions and for general corporate purposes.

“Coming back to the Maple Bond market is a representation of SmartStop’s ability to be opportunistic, raising capital at an attractive cost and reinforcing our position in this particular space,” said H. Michael Schwartz, Chairman and CEO of SmartStop. “With these bonds, we have completed our FX cash flow hedging strategy for the current portfolio, while further laddering out our debt maturities.”

The Notes were offered on an agency basis by a syndicate of agents that included BMO Capital Markets and National Bank Capital Markets who served as Bookrunners, and Scotia Capital Inc. and RBC Dominion Securities Inc. who served as co-managers. McMillan LLP served as SmartStop’s Canadian Counsel, Nelson Mullins Riley & Scarborough LLP served as Issuer’s United States Counsel, Venable LLP served as SmartStop’s Maryland counsel, and Davies Ward Phillips & Vineberg LLP served as Dealers’ Counsel.

The Notes have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About SmartStop Self Storage REIT, Inc. (SmartStop):

SmartStop Self Storage REIT, Inc. (“SmartStop”) (NYSE: SMA) is a self-managed REIT with a fully integrated operations team of more than 600 self-storage professionals focused on growing the SmartStop® Self Storage brand. SmartStop, through its indirect subsidiary SmartStop REIT Advisors, LLC, also sponsors other self-storage programs. As of September 25, 2025, SmartStop has an owned or managed portfolio of 236 operating properties in 23 states, the District of Columbia, and Canada, comprising approximately 170,500 units and 19.1 million rentable square feet. SmartStop and its affiliates own or manage 49 operating self-storage properties in Canada, which total approximately 41,800 units and 4.2 million rentable square feet. Additional information regarding SmartStop is available at www.smartstopselfstorage.com

Contacts

David Corak
Senior VP of Corporate Finance and Strategy

SmartStop Self Storage REIT, Inc.

IR@smartstop.com

TORONTO–(BUSINESS WIRE)–#ChoiceProperties–Choice Properties Real Estate Investment Trust (“Choice Properties” or the “Trust”) (TSX: CHP.UN) announced today that it will be reporting third quarter 2025 results on Wednesday, November 5, 2025, after-market hours.

Management will host a conference call the next day on Thursday, November 6, 2025 at 9:00 AM (ET) with a simultaneous audio webcast. To access via teleconference please dial 1 (888) 330-2454 or 1 (240) 789-2714 and enter the event passcode: 4788974. The link to the audio webcast will be available on www.choicereit.ca/events-webcasts.

About Choice Properties Real Estate Investment Trust

Choice Properties is a leading Real Estate Investment Trust that creates enduring value through places where people thrive.

We are more than a national owner, operator and developer of high-quality commercial and residential real estate. We believe in creating spaces that enhance how our tenants and communities come together to live, work, and connect. This includes our industry leadership in integrating environmental, social and economic sustainability practices into all aspects of our business. In everything we do, we are guided by a shared set of values grounded in Care, Ownership, Respect and Excellence.

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

Contacts

For more information:

Erin Johnston

Chief Financial Officer

Choice Properties REIT

(647) 294-8724

Erin.Johnston@choicereit.ca

DEERFIELD BEACH, Fla.–(BUSINESS WIRE)–#FutureOfSecurity–Prosegur is proud to announce its inclusion on TIME magazine’s prestigious World’s Best Companies of 2025 list, published in partnership with Statista. This annual ranking celebrates organizations that excel across three key dimensions: employee satisfaction, revenue growth, and sustainability performance.

Prosegur’s recognition places it among a select group of companies worldwide that are setting the standard for excellence in business and corporate responsibility. This marks the second consecutive year that Prosegur has appeared on the list, with its position rising to #584 this year. The company’s rise reflects its strong financial performance, ongoing commitment to innovation, and focus on talent and sustainability.

Commitment to Excellence

“Being named one of the world’s best companies is a powerful acknowledgment of the dedication and passion our teams bring to work every single day,” said Daren Lopez, Group CEO of Prosegur Security. “At Prosegur, we are driven by a clear mission: to protect what matters most while creating meaningful opportunities for our people and delivering value for our clients. This recognition reinforces that our strategy is resonating not only with our stakeholders but also on the global stage.”

Driving Positive Impact Worldwide

• Empowering employees: Prosegur continues to invest in its people through robust training programs, career development opportunities, and a culture rooted in safety, respect, and inclusion.
• Fostering sustainable growth: The company has achieved strong, consistent revenue growth while expanding its global footprint and driving operational innovation.
• Leading with responsibility: Prosegur has embedded sustainability and transparency into its operations, enhancing reporting practices and implementing initiatives that reduce environmental impact and support local communities.

Meet Our Team at GSX

Prosegur will be showcasing its latest security innovations at GSX 2025 in New Orleans. Visit us at Booth #1754 next week to meet our team and learn more about how we’re redefining the future of security.

A Shared Achievement

This recognition reflects the combined efforts of Prosegur’s teams around the world who are working to create safer environments, stronger communities, and a more sustainable future. The company remains committed to advancing this mission as it continues to grow and innovate.

About Prosegur Security USA

Founded in 1976, Prosegur is a global leader in security delivering cutting-edge technology and customized guarding solutions that meet the evolving needs of businesses across various industries. Prosegur provides innovative security services that integrate human expertise with advanced technology for optimal protection.

Prosegur’s innovative solutions, trusted professionals, and operational excellence has established the company as a global market leader in the security services industry. Prosegur is publicly listed on the Spanish stock exchange and generated over $5 billion in revenue in 2024. With approximately 175,000 employees, Prosegur continues to build trusted partnerships with clients while setting new standards for security solutions across the globe.

For more information about Prosegur and its tailored security solutions for the U.S. market, please visit www.prosegur.us.

Contacts

Media contact:
Rya Manners, Vice President of Marketing – North America

Email: rya.manners@prosegur.com

LADERA RANCH, Calif.–(BUSINESS WIRE)–SmartStop Self Storage REIT, Inc. (“SmartStop”) (NYSE: SMA), an internally managed real estate investment trust and a premier owner and operator of self-storage facilities in the United States and Canada, announced the pricing of a Canadian Maple Bond offering (priced on September 19, 2025). SmartStop’s affiliated operating partnership, SmartStop OP, L.P., will issue CAD $200 million of series B senior unsecured notes due September 24, 2030 (the “Notes”). The Notes bear interest at a rate of approximately 3.888% per annum, payable in cash in equal semi-annual installments, commencing on March 24, 2026. The Notes are rated BBB (Stable) by Morningstar DBRS.

SmartStop intends to use the net proceeds from the offering to repay outstanding indebtedness, fund acquisitions and for general corporate purposes. The closing of the offering is expected to occur on September 24, 2025, subject to the satisfaction of customary closing conditions.

The Notes will not be registered under the Securities Act of 1933, as amended (the “Securities Act”), or any state securities laws in the United States and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements under the Securities Act and applicable state securities laws. The Notes were offered exclusively to persons resident in a Canadian province through a syndicate of agents on a private placement basis. The Notes will not be sold to investors outside of Canada.

This news release does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the Notes in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. This press release is being issued pursuant to and in accordance with Rule 135c under the Securities Act.

About SmartStop Self Storage REIT, Inc. (SmartStop):

SmartStop Self Storage REIT, Inc. (“SmartStop”) (NYSE: SMA) is a self-managed REIT with a fully integrated operations team of more than 600 self-storage professionals focused on growing the SmartStop® Self Storage brand. SmartStop, through its indirect subsidiary SmartStop REIT Advisors, LLC, also sponsors other self-storage programs. As of September 22, 2025, SmartStop has an owned or managed portfolio of 236 operating properties in 23 states, the District of Columbia, and Canada, comprising approximately 170,500 units and 19.1 million rentable square feet. SmartStop and its affiliates own or manage 49 operating self-storage properties in Canada, which total approximately 41,800 units and 4.2 million rentable square feet.

Contacts

David Corak
Senior VP of Corporate Finance and Strategy

SmartStop Self Storage REIT, Inc.

IR@smartstop.com

Expanded platform signals confidence in global debt business and will focus on direct lending opportunities across high conviction sectors

VANCOUVER, British Columbia–(BUSINESS WIRE)–QuadReal Property Group (QuadReal), a global real estate investment, development and operating company has expanded its commercial real estate debt platform in the UK and Ireland. Over the next three to five years, QuadReal intends to commit over £2.5bn, signalling the firm’s conviction to the UK and Ireland, with an eye to further expansion into other European markets. QuadReal will have direct control over all decision making.

The expanded platform, focused solely on direct lending, follows the success of QuadReal’s North American debt business, which currently manages over £7.5bn in investments and is expected to exceed £8bn by the end of 2025. The expansion will leverage the experience and connections of QuadReal’s established London office and global team as well as QuadReal’s strong relationships with both US and Canadian-based institutional sponsors who are active across the UK and Europe.

“Platform expansion in the UK and Europe is a natural next step for QuadReal’s debt strategy and will build off the successes of our team in North America,” said Jonathan Dubois-Philips, President, International Real Estate. “Expanding our lending capabilities in the UK and European markets provides us with the opportunity to further diversify our portfolio and gain exposure to the attractive risk-adjusted returns these markets have to offer.”

“In alignment with QuadReal’s high conviction investment strategy and global experience, the expanded platform will focus on key sectors including multifamily, student housing, data centres, industrial and self storage,” said Prashant Raj, Managing Director, Debt Investments. “The initial commitment strategy is centred on the UK and Ireland, and will expand more broadly in Europe, with a focus on construction, transitional and stabilised loans, filling a current gap in the lending market.”

QuadReal’s investment strategy, global experience and local market expertise have established it as one of the top 20 real estate investors globally. Since 2021, QuadReal’s debt team has completed over 165 deals concentrated on high conviction sectors. By the end of 2029, it aims to shift 10% to 20% of its overall debt portfolio exposure to the UK and Europe.

About QuadReal Property Group

QuadReal Property Group is a global real estate investment, development, and operating company headquartered in Vancouver, British Columbia. Its assets under management are CAD $94 billion. From its foundation in Canada as a full-service real estate operating company, QuadReal has expanded its capabilities to invest in equity and debt in both the public and private markets. QuadReal invests directly through operating platforms in which it holds an ownership interest and via programmatic partnerships.

QuadReal seeks to deliver strong investment returns while creating sustainable environments that bring value to the people and communities it serves. Now and for generations to come.

QuadReal: Excellence lives here.

www.quadreal.com

FAQs

Why is QuadReal expanding its platform in the UK and Europe?

Since 2021, QuadReal’s global debt business has grown significantly and in North America, the team has completed over 165 deals in high conviction sectors. Expanding its lending capabilities in the UK and European markets provides QuadReal with the opportunity to diversify our global debt portfolio and gain exposure to attractive risk adjusted returns.

What areas will the team initially be focused on?

The platform will focus on direct lending in the multifamily, student housing, industrial and self storage sectors with a focus on construction, transitional and stabilised loans. Over the next five years, QuadReal intends to commit over £2.5bn in the UK and Ireland and will explore expanding the platform into other European markets in the future.

How much UK and European exposure is QuadReal planning for the global platform?

By 2029, QuadReal aims to have 10% to 20% of its overall debt portfolio exposure in the UK and Europe.

How does this relate to QuadReal’s global investment strategy?

The sectors and markets where we lend are in direct alignment with our global investment strategy. QuadReal has high conviction in multifamily, student housing, industrial and self storage and focuses on investment opportunities in markets with favourable demand drivers.

Contacts

Bryn.Woodward@fticonsulting.com
07929 383 297

TORONTO–(BUSINESS WIRE)–DREAM RESIDENTIAL REAL ESTATE INVESTMENT TRUST (TSX: DRR.U and TSX: DRR.UN) (“Dream Residential REIT” or the “REIT”) today announced its September 2025 monthly distribution in the amount of US$0.035 per unit (US$0.42 annualized). The September distribution will be payable on October 15, 2025 to unitholders of record as at September 30, 2025.

About Dream Residential REIT

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

Contacts

Dream Residential REIT

Brian Pauls

Chief Executive Officer

(416) 365-2365

bpauls@dream.ca

Derrick Lau

Chief Financial Officer

(416) 365-2364

dlau@dream.ca

Scott Schoeman

Chief Operating Officer

(303) 519-3020

sschoeman@dream.ca

 

 

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

TORONTO–(BUSINESS WIRE)–Dream Impact Trust (TSX: MPCT.UN) (“Dream Impact” or the “Trust”), announced today that Dream Impact and the beneficial holders of the Trust’s 5.50% convertible unsecured subordinated debentures due July 31, 2026 (the “Debentures”) have reached an agreement to extend and amend certain terms of the Debentures. All of the Debentures are beneficially owned by certain controlled affiliates of Fairfax Financial Holdings Limited (collectively, “Fairfax”).

Dream Impact and Fairfax have agreed to extend the maturity date of the Debentures from July 31, 2026 to July 31, 2031. In addition, the interest rate of the Debentures will change from 5.50% to 6.50% and the conversion price of the Debentures will be adjusted to $2.75 per unit. Under the amended terms of the Debentures, the Trust will have the right at its sole option to satisfy any conversion request in cash in lieu of delivering units of the Trust that would otherwise be issuable on conversion of the Debentures.

“We are extremely pleased to announce the extension of the Debentures as this was a significant debt maturity for the Trust in 2026, and the new cash settlement option on a conversion reduces potential dilution down the road,” said Meaghan Peloso, Chief Financial Officer of Dream Impact. “This is one step among many that we have completed, and we will continue to provide updates as we make progress on advancing our strategic initiatives.”

The amendments to the Debentures will be subject to the approval of a majority of the votes cast at a special meeting of unitholders of the Trust as well as the approval of the Toronto Stock Exchange and other customary closing conditions for transactions of this nature. Dream Unlimited Corp., which holds 6,852,681 units of the Trust representing 37% of the Trust’s issued and outstanding units, has agreed to vote in favour of the amendments to the Debentures. The special meeting of unitholders of the Trust is expected to be held in the fall of this year.

Further information regarding the amendments to the Debentures will be included in the Trust’s management information circular which will be mailed to unitholders of the Trust. A copy of the agreement relating to the amendments to the Debentures and the management information circular will be available on and under the Trust’s profile on www.sedarplus.ca following their filing by the Trust.

The amendments to the Debentures will also require the consent of holders of not less than 66⅔% of the principal amount of all of the outstanding Debentures. Fairfax has agreed to consent to the amendments to the Debentures. As a result, the Trust anticipates that it will obtain the requisite approval of the Debenture holders.

The amendments to the Debentures are expected to be effective in late 2025 or early 2026, subject to the satisfaction of the conditions to the amendments.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities in Canada, the United States or any other jurisdiction.

Management Changes

The Trust is pleased to announce the appointment of Derrick Lau as Chief Financial Officer of the Trust effective September 19, 2025. In his new role, Mr. Lau will oversee all financial aspects of the Trust as it continues to execute on its strategic objectives. Mr. Lau currently serves as the Chief Financial Officer of Dream Residential Real Estate Investment Trust (“DRR”), spearheading the overall financial management of DRR since its initial public offering in 2022. Mr. Lau has over 15 years of experience in the real estate industry and has been with Dream, the Trust’s asset manager, for the last 10 years in increasingly senior finance and strategy roles.

With Mr. Lau’s appointment, Ms. Meaghan Peloso will continue to provide strategic support to the Trust through her role as Chief Financial Officer of Dream, Dream Impact’s asset manager. “Over the past six years, since joining the Trust’s management team, Meaghan has done an outstanding job in leading the financial planning and reporting function of the Trust through a more challenging economic backdrop for real estate,” said Amar Bhalla, Chair of Dream Impact. “I would like to thank Meaghan for her dedication over the years, and we are also pleased to welcome Derrick to the team.”

About Dream Impact Trust

Dream Impact 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 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. For more information, please visit: www.dreamimpacttrust.ca.

Forward Looking Information

This press release may contain forward-looking information within the meaning of applicable securities legislation. Such forward-looking information includes, but is not limited to, information and statements concerning the proposed amendments to the Debentures and the terms thereof, the anticipated timing for the amendments and the related meeting of the Trust’s unitholders, and the anticipated receipt of consents by the debentureholders to the amendments. There can be no assurance that the amendments to the Debentures will be completed or that they will be completed on the terms and conditions contemplated in this release. Forward-looking information generally can be identified by the use of forward-looking terminology such as “outlook”, “objective”, “may”, “will”, “would”, “could”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, “should”, “plans”, or “continue”, or similar expressions suggesting future outcomes or events. 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 our control that 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, the risk of adverse global market, economic and political conditions and health crises; risks inherent in the real estate industry; risks relating to investment in development projects; impact investing strategy risk; risks relating to geographic concentration; risks inherent in investments in real estate, mortgages and other loans and developments; credit risk and counterparty risk; competition risks; environmental and climate change risks; risks relating to access to capital; interest rate risk; the risk of changes in governmental laws and regulations; tax risks; foreign exchange risk; acquisitions risk; and leasing risks. Our objectives and forward looking statements are based on certain assumptions with respect to each of our markets, including that the general economy remains stable; that no unforeseen changes in the legislative and operating framework for our business will occur; that we will meet our future objectives, priorities and growth targets; that we receive the licenses, permits or approvals necessary in connection with our projects; that we will have access to adequate capital to fund our future projects, plans and any potential acquisitions; that we are able to identify high quality investment opportunities and find suitable partners with which to enter into joint ventures or partnerships; that we do not incur any material environmental liabilities; interest rates remain stable; there will not be a material change in foreign exchange rates; conditions within the real estate market remain consistent; and competition for and availability of acquisitions remains consistent with the current climate. All forward-looking information in this press release speaks as of the date of this press release. Dream Impact 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 Dream Impact’s filings with securities regulators, including its latest annual information form and MD&A. These filings are also available at Dream Impact’s website at www.dreamimpacttrust.ca.

Contacts

For further information, please contact:

Meaghan Peloso

Chief Financial Officer

(416) 365-6322

mpeloso@dream.ca

Kim Lefever

Director, Investor Relations

(416) 365-6339

klefever@dream.ca

Ontario–(BUSINESS WIRE)–Axis Insurance Managers Inc. is pleased to announce the appointment of Kevan Thompson as National Senior Vice President of the Construction, Contractors & Real Estate (CCRE) practice group. Kevan will lead Axis’s national CCRE practice, guiding strategy and delivery of specialized risk management, insurance, and performance security solutions to clients across Canada’s construction industry.

With more than two decades of experience, Kevan brings deep knowledge in construction risk management across project-specific insurance programs, contract review and modeling, contract surety, and subcontractor default insurance (SDI). He has held senior leadership roles throughout his career and is recognized for helping clients manage complex risks, strengthen their competitive position, and achieve lasting growth.

Axis Insurance is an award-winning brokerage offering comprehensive risk management and insurance services to local, national, and international clients. Since 1928, Axis has grown into a leading national brokerage with over 400 dedicated professionals who specialize in assessing business and personal risks, delivering solutions to mitigate, reduce, or transfer them. Axis is committed to creating tailored strategies that empower clients to embrace risk as a pathway to growth and resilience.

As a full-service brokerage, Axis specializes in commercial insurance, personal insurance, life, employee benefits, and wealth advisory services. Axis’s success stems from strategic acquisitions and organic growth, supported by 16 specialized practice groups. This collaborative approach enables the firm to deliver innovative solutions, anticipating industry shifts and adapting to evolving client needs.

Axis’s strong corporate culture encourages employee ownership, drives shared success, and fosters top performance. The company’s mission centers on transforming risk into opportunity, empowering clients to navigate uncertainty confidently and purposefully.

Contacts

Media Inquiries
Bella Bothamley

Manager, Marketing

Axis Insurance

bella.bothamley@axisinsurance.ca

Transaction reflects evolution of the QuadReal and Realstar partnership

VANCOUVER, British Columbia–(BUSINESS WIRE)–QuadReal Property Group (“QuadReal”), a global real estate investment, development and operating company announced today that it has fully acquired the UNCLE brand in the UK and Europe as well as Realstar’s UK&I residential operating platform, which will be re-named.

The transaction consolidates the operating company under QuadReal. Ryan Prince will remain as CEO for the next 12 months. Following this transition period, he will move to the role of non-executive Chairman. The current team will remain to expand the business.

Established partnership

QuadReal and Realstar launched their first joint venture in 2017, expanded the relationship through asset acquisitions and, in 2021, QuadReal purchased a minority interest in the Realstar UK operating company.

Today, the platform manages nearly 6,000 residential units across London, Manchester, Birmingham, Leeds, and Dublin. A substantial portion of this portfolio operates under the UNCLE brand, which is known for its award-winning design, amenity spaces, and innovative resident services that offer unprecedented flexibility. UNCLE is consistently rated the UK’s top rental brand on platforms such as Trustpilot.

QuadReal will continue to expand its UK and European BTR and student housing portfolio and will leverage the well-established UNCLE brand in these markets.

This transaction does not affect Realstar’s other UK-owned assets outside the joint venture, nor does it have any impact on Realstar’s Canadian or other international activities. Following the transaction, Realstar will continue to pursue new investment opportunities in the UK and Ireland.

Global residential portfolio

Globally, QuadReal has significant experience in the residential sector. Its portfolio includes over 65,000 residential units and 28,000 student beds, predominantly in North America and Australia. In the UK, QuadReal has over 8,500 residential units and 4,500 student beds across 29 communities.

Jonathan Dubois-Phillips, President, International Real Estate at QuadReal said: “This furthers QuadReal’s global residential strategy and positions us well for future growth in both the built-to-rent and student housing markets. We have a solid residential foundation in the UK because of our partnership with Realstar, and QuadReal will continue to deliver value through operational excellence and solid portfolio and asset management.”

Ryan Prince, Vice Chairman of Realstar and founder of UNCLE, said: “I am incredibly proud of the businesses we have built, the brands we founded, and the people I have worked alongside since launching Realstar’s UK operations nearly 25 years ago. Since the establishment of our UK business, we have worked across sectors from GP surgeries to hotels, BTR, student accommodation and co- living. QuadReal’s investment, particularly over the past five years has turbo-charged our growth, and the business is now in its strongest position yet. I look forward working alongside QuadReal on the UK BTR and student fronts while at the same time seeking out new opportunities for Realstar to grow in the UK and Europe.”

About QuadReal Property Group

QuadReal Property Group is a global real estate investment, development and operating company headquartered in Vancouver, British Columbia. Its assets under management are $94 billion. From its foundation in Canada as a full-service real estate operating company, QuadReal has expanded its capabilities to invest in equity and debt in both the public and private markets. QuadReal invests directly, via programmatic partnerships and through operating platforms in which it holds an ownership interest.

QuadReal seeks to deliver strong investment returns while creating sustainable environments that bring value to the people and communities it serves. Now and for generations to come.

QuadReal: Excellence lives here.

About Realstar

Founded in Canada in 1974, Realstar is a privately owned real estate investment and management company with over C$9 billion in assets spanning multifamily, hospitality, and alternative asset classes. A vertically integrated owner-operator, Realstar partners with leading institutions including pension funds, sovereign wealth funds, and high-net-worth families.

Active in the UK for 24 years, Realstar has acquired or developed more than £3.5 billion in assets, with a focus on overlooked and underserved sectors including BTR, primary healthcare, and hotels.

Whether for a night, a year, or a decade, the Realstar Group strives to be the most trusted owner and operator of the places our customers call home.

Contacts

FTI Consulting (QuadReal)

Giles Barrie, Bryn Woodward

0779 892 6814 / 07929 383297

Quadreal@fticonsulting.com