PAGOSA SPRINGS, Colo.–(BUSINESS WIRE)–Life House is set to manage three distinguished hotels in Pagosa Springs: The Nightingale Motel, High Creek Lodge, and Pagosa River Domes. This initiative comes as part of a collaboration with Utah-based Elan Capital Partners, who hold an impressive portfolio of hospitality properties across the nation. The partnership not only accentuates Life House’s ability to blend local charm with advanced hotel management techniques, but also positions the operator as a frontrunner for hoteliers seeking a partner with a proven track record of enhancing guest experience and operational efficiency. The partnership will blend Life House’s proven expertise in hospitality with the existing local charm and character of each property.

The Nightingale Motel has long been a cornerstone of Pagosa Springs, known for its retro charm and modern amenities. High Creek Lodge is situated on an expansive and stunning plot of land. The Pagosa River Domes offer a distinct experience, with geodesic domes placed along the serene banks of the San Juan River. Life House’s commitment to crafting local, authentic experiences aligns seamlessly with the ethos of these three Pagosa Springs properties. This collaboration is set to enhance the offerings for guests, ensuring that each stay is curated, comfortable, and memorable.

Rami Zeidan, CEO of Life House, shared, “We’re thrilled to be partnering with Elan Capital Partners and to be chosen to execute their investment thesis and vision for the guest experience.”

About Life House:

Life House is a vertically integrated hotel management & technology company focused on serving small and medium independent hotels with institutional quality service. Life House uses advanced software & operating systems to increase profitability and reliability for independent hotels throughout North America. Life House was founded in 2017 by real estate, hospitality, and technology veterans and is backed by world renowned private equity and venture investors. The company is ambitiously investing in its operational systems to make hotels far more profitable, predictable, and seamless for owners. To learn more, visit www.life-house.com.

About Elan Capital Partners:

The principals of Elan Capital Partners have worked together for nearly 20 years. They have specialized in the due diligence, underwriting, and management of both public and private offerings of real estate securities, representing more than $8 billion of equity raised and more than $16 billion of real estate. As leaders in the alternative investments securities industry, they are frequently invited to speak at industry conferences and other events.

Contacts

Maura Lewkowicz

SVP, Growth & Operations

partners@life-house.com

John Seldon’s Career Includes CEO Of NEOM Airport And GM Of The Busiest Airport In The World

TORONTO–(BUSINESS WIRE)–As category leaders in project controls and technology consulting, Dokainish & Company is excited to welcome John Selden to our Advisory Board.

Renowned for his leadership at JFK International and Hartsfield-Jackson Atlanta International Airports, and as the visionary CEO of NEOM Airport, John’s extraordinary track record managing some of the world’s most significant aviation hubs marks a pivotal moment for Dokainish. This appointment not only underscores our commitment to global excellence in the capital project landscape but also highlights our pursuit of innovative thought leadership in the industry.

“John Selden’s exceptional track record in managing the world’s busiest airports brings a new dimension of operational expertise to our already storied Advisory Board,” said Tarik Dokainish, CEO and President of Dokainish & Company. “His deep understanding of complex project environments, particularly in operational excellence and efficiency, aligns seamlessly with our commitment to delivering high-caliber solutions. John’s expertise will be instrumental in enhancing our clients’ success in large capital projects, driving significant cost savings and program excellence.”

John’s professional journey began in the skies, where his disciplined approach as an airline pilot and tactical acumen as a Navy commander laid the foundation for his exemplary leadership and celebrated career. His transition from the ranks of military service to the highest levels of aviation management speaks volumes of his adaptability and strategic foresight. Selden’s career in aviation management has been distinguished by leadership roles at the world’s most prominent airports:

• At JFK International Airport, as Deputy General Manager, John demonstrated a keen ability to enhance operations and leadership.
• His role as General Manager of Hartsfield-Jackson Atlanta International Airport, the top role in the globe’s busiest airport, further showcased his talent for navigating and enhancing a nexus of intricate operations and passenger services. Under his stewardship, the airport not only thrived but also solidified its place on the world stage.
• Most recently, as CEO of NEOM Airport, John has been nothing short of visionary and exemplified his ability to innovate and drive success in uncharted territories. Overseeing the development of what is set to become one of the world’s most technologically advanced airports, John’s forward-thinking strategies are paving new frontiers in the aviation sector.

John’s vast experience and innovative leadership approach are not just an addition to our Advisory Board; they are a direct benefit to our clients. As Dokainish & Company continues to define the way in capital project controls and technology consulting, John’s insights will play a crucial role in enhancing the services we offer. His unique perspective on complex operations and efficiency will directly translate into more refined, effective solutions for our clients, helping them achieve their goals with greater precision and success.

For more information about Dokainish & Company and our Advisory Board, please visit www.dokainish.com.

About Dokainish & Company

The capital project landscape is impacted with billions lost from cost overruns. Dokainish & Company stands out with a track record of building award-winning PMOs to lowering cost overages up to 200% on projects in energy, infrastructure, mining, construction, defense, and more. We are the category leaders in project controls and technology consulting that solves capital projects’ biggest business and operational challenges. We provide integrated project controls, project management, and change management services. Learn more at dokainish.com and follow @Dokainish&Company.

Contacts

For More Information

Nate Habermeyer, APR

Nate.habermeyer@dokainish.com
T +1 416 849 3861

Westlake Royal will exhibit new products from industry-leading brands

WOODBRIDGE, Ontario–(BUSINESS WIRE)–Westlake Royal Building Products™ (“Westlake Royal”), a Westlake company (NYSE:WLK), will exhibit at The Buildings Show 2023, taking place November 29 to December 1 at the Metro Toronto Convention Centre in Toronto. Westlake Royal will host a product demonstration for Versetta Stone® and exhibit new products from the siding, trim and accessories, roofing and tools lines.

Located at the booths 223 and 227, Westlake Royal will exhibit products from across its family of brands and product solutions, including Cedar Renditions^™, Celect® Cellular Composite Siding, Versetta Stone, Royal Estate™ Vinyl Siding, Portsmouth® Shake and Shingles, Haven® Insulated Siding, and DaVinci Roofscapes®. Westlake Royal will also have Tapco® Brake demonstrations in the booth.

The Westlake Royal Building Products team will demonstrate an installation of Versetta Stone on Thursday, November 30 from 11:00 a.m. to 11:30 a.m. at Emerging Technology Stage (#102) on the show floor. This program will be led by Brian Ferwerda and Peter Buskermolen.

“Westlake Royal Building Products is thrilled to exhibit at The Buildings Show,” said Steve Booz, vice president, marketing, Westlake Royal Building Products. “We enter this show with an optimistic outlook for the industry in 2024 and beyond. We look forward to welcoming our Canadian customers, including distributors, builders, contractors and designers, to see our new products and attend the Versetta Stone installation demonstration.”

Celebrating its 35th anniversary this year, The Buildings Show is North America’s largest exposition, conference, and networking event for construction, building design and property management communities.

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

Kriss Swint

Westlake Royal Building Products

1-614-754-3455

Kswint@Westlake.com

DECATUR, Ill.–(BUSINESS WIRE)–#climate–In an industry-leading move, TCCI Manufacturing and TekModo collaborate to revolutionize climate control systems across a range of applications, closing a longstanding gap in the marketplace. TCCI Manufacturing, a Tier 1 electric compressor supplier for commercial and heavy-duty markets headquartered in Decatur, IL, and TekModo, a Tier 1 materials and systems supplier headquartered in Elkhart, IN, are introducing a first-of-its-kind, electric HVAC unit expected to hit various markets in early 2024.

This new Made-in-America product revolutionizes the standard by removing traditional, decades-old, inefficient rooftop units and replacing them with a state-of-the-art system. Unlike its predecessors, this variable speed electric HVAC unit offers both flexibility and efficiency without being limited to roof installation. “As an industry veteran with extensive expertise in climate systems, we pride ourselves on pioneering new technologies and working closely with customers to advance sustainable product solutions to a diverse industry segment,” expressed Richard Demirjian, President of TCCI Manufacturing.

The system’s design is a leap forward in environmental sustainability and user convenience. Designed for both on and off-grid lifestyles, this cutting-edge system provides extended battery life while enhancing the overall experience. The state-of-the-art lightweight evaporator and condenser provide better airflow and lower temperature deltas, resulting in quiet comfort and low power draw. Notably, the system’s low power mode works with all solar packages on the market drawing less than 10 amps, delivering continuous cooling with minimal battery drain. Additionally, with the emerging trend of state parks moving to ban the use of generators, our HVAC system’s compatibility with solar packages eliminates the need for generators altogether.

Another distinctive feature of the system is its serviceability—a deviation from the norm where entire unit replacements are often the only solution. It uses automotive-grade components for enhanced durability and is designed for easy repair or recharge, contributing to both the product’s longevity and its eco-friendly design.

“This partnership demonstrates our commitment to redefining industry standards, presenting a product that not only revolutionizes the RV sector but also provides a versatile solution for portable sanitation systems and off-grid enthusiasts,” stated Marc LaCounte, President of TekModo. “This is set to raise the industry standard for innovation and sustainability.”

Contacts

MEDIA CONTACT

Jodi Silotto, DCC Marketing
jsilotto@dccmarketing.com
765-543-8175

BEACH LAKE, Pa.–(BUSINESS WIRE)–Life House continues its mission to partner with independent hotel owners with its latest signing of the chic The Darby in Pennsylvania. Avi Kravitz, Co-Founder and CEO of the notable Norman & Jules Toy Store is reimagining The Darby as a passion project and investment in the local community. He has entrusted Life House, celebrated for its synthesis of expertise and innovative technology, to take the helm of the operations.

The Darby, a boutique hotel in Beach Lake, PA, resonates with an intimate charm that appeals to guests seeking authenticity. The key to Life House’s strategy for this gem is spotlighting its unique offerings, particularly the forthcoming pool and fresh F&B concept. Drawing from Kravitz’s background in branding, Life House plans to drive bottom-line revenue through technological solutions and a sharp revenue management approach. This includes a strategic online presence, search engine marketing, and maximizing repeat guests – a segment contributing notably to the hotel’s business.

“We are impressed with Mr. Kravitz’s The Darby creation and understand the challenges associated with creating a hotel vision and subsequently executing on it,” Rami Zeidan, CEO of Life House, shared. “We love to help owners who share this passion for the creative, but don’t have the expertise or tools, to bring it to life and we’re pleased to be chosen as stewards of Mr. Kravitz’s vision.”

Life House will oversee a lean yet capable team to ensure efficient operations tailored to The Darby’s specific needs. Their streamlined approach is designed to cater to guests’ needs effectively, amplifying the small-town charm and personalized service the hotel promises. With The Darby serving as his foundation in hospitality, Kravitz underscores the importance of expertise and a data-driven approach. The partnership with Life House not only showcases Kravitz’s forward-thinking but solidifies Life House’s reputation as the partner of choice for first-time hoteliers.

About Life House:

Life House is a vertically integrated hotel management & technology company focused on serving small and medium independent hotels with institutional quality service. Life House uses advanced software & operating systems to increase profitability and reliability for independent hotels throughout North America. Life House was founded in 2017 by real estate, hospitality, and technology veterans and is backed by world renowned private equity and venture investors. The company is ambitiously investing in its operational systems to make hotels far more profitable, predictable, and seamless for owners. To learn more, visit www.life-house.com.

About Avi Kravitz:

Avi Kravitz, the visionary behind the award-winning Norman & Jules Toy Store, has always championed unique and quality experiences. With The Darby, he ventures into the realm of hospitality, applying his branding acumen and vision to craft an exceptional guest experience that promises to leave an indelible mark in Beach Lake, PA, and its close neighbor, Narrowsburg, NY.

Contacts

Maura Lewkowicz

SVP, Growth & Operations

partners@life-house.com

SURREY, British Columbia–(BUSINESS WIRE)–iCollab Healthcare, a leading member of the Healthcare Collective, proudly announces the successful completion and commencement of operations at its latest primary care centre in Surrey. The achievement marks a significant milestone in the company’s commitment to delivering healthcare services to the community.

The primary care centre, now operational, boasts modern infrastructure, advanced medical equipment, and a team of highly skilled healthcare professionals.

“We are thrilled to announce the successful completion and operational commencement of iCollab Healthcare’s newest primary care centre in Surrey,” said Dr. Sikander Panesar, President at iCollab Healthcare. “This milestone represents our steadfast commitment to providing accessible, high-quality healthcare services to the residents of Surrey and surrounding areas.”

The primary care centre is strategically designed to meet the evolving healthcare needs of the community, offering a range of services including general medicine, preventive care, diagnostics, optometry and optical, dental and dental hygiene, pharmacy, physiotherapy, kinesiology, and massage therapy.

“As we celebrate this achievement, we are pleased to share that iCollab Healthcare now boasts a team of four full-time family physicians, demonstrating our commitment to delivering comprehensive and longitudinal patient-centred care,” added Dr. Panesar.

Looking ahead, iCollab Healthcare is actively seeking to recruit medical specialists to join its growing teams. This strategic initiative aligns with the organization’s vision to enhance the range of healthcare services provided and further strengthen its position as a leading healthcare provider in the region. The collective aims to provide comprehensive and integrated healthcare services to the community.

iCollab Healthcare extends its gratitude to the dedicated team of architects, construction professionals, and healthcare experts whose collective efforts have brought this vision to life. The centre’s construction and operationalization align seamlessly with iCollab Healthcare’s mission to foster a healthier community through collaborative and compassionate care.

The primary care centre is now open to serve the community, and iCollab Healthcare looks forward to becoming an integral part of Surrey’s healthcare landscape.

About iCollab Healthcare:

iCollab Healthcare is a leading member of the Healthcare Collective, committed to delivering accessible and high-quality healthcare services. With a focus on collaboration and innovation, iCollab Healthcare strives to meet the diverse healthcare needs of communities, promoting well-being and fostering healthier lives. www.icollabhealthcare.com

Contacts

For media inquiries:

Dr. Sikander Panesar

President

iCollab Healthcare

sikander.panesar@icollabhealthcare.com

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 November 2023 monthly distribution in the amount of US$0.035 per unit (US$0.42 annualized). The November distribution will be payable on December 15, 2023 to unitholders of record as at November 30, 2023.

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 16 garden-style multi-residential properties, consisting of 3,432 units primarily located in three markets across the Sunbelt and Midwest regions of the United States. For more information, please visit www.dreamresidentialreit.ca.

Contacts

For further information:

Dream Residential REIT

Brian Pauls
Chief Executive Officer

(416) 365-2365

bpauls@dream.ca

Derrick Lau
Chief Financial Officer

(416) 365-2364

dlau@dream.ca

Scott Schoeman
Chief Operating Officer

(303) 519-3020

sschoeman@dream.ca

TORONTO–(BUSINESS WIRE)–DREAM IMPACT TRUST (TSX: MPCT.UN) (“Dream Impact” or the “Trust”) today announced its November 2023 monthly distribution in the amount of 5.333 cents per Unit (64 cents annualized). The November distribution will be payable on December 15, 2023 to unitholders of record as at November 30, 2023.

About Dream Impact Trust

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

Contacts

DREAM IMPACT TRUST

Meaghan Peloso

Chief Financial Officer

(416) 365-6322

mpeloso@dream.ca

Kimberly Lefever

Director, Investor Relations

(416) 365-6339

klefever@dream.ca

TORONTO–(BUSINESS WIRE)–DREAM OFFICE REIT (TSX: D.UN) (“Dream Office” or the “Trust”) today announced its November 2023 monthly distribution of 8.333 cents per REIT Unit, Series A ($1.00 annualized). The November distribution will be payable on December 15, 2023 to unitholders of record as at November 30, 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

For further information, please contact:

Michael J. Cooper

Chairman and Chief Executive Officer

(416) 365-5145

mcooper@dream.ca

Jay Jiang

Chief Financial Officer

(416) 365-6638

jjiang@dream.ca

TORONTO–(BUSINESS WIRE)–DREAM INDUSTRIAL REIT (TSX: DIR.UN) (the “Trust”) announced today its November 2023 monthly distribution in the amount of 5.833 cents per Unit (70 cents annualized). The November distribution will be payable on December 15, 2023 to unitholders of record as at November 30, 2023.

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

Contacts

DREAM INDUSTRIAL REIT

Brian Pauls

Chief Executive Officer

(416) 365-2365

bpauls@dream.ca

Lenis Quan

Chief Financial Officer

(416) 365-2353

lquan@dream.ca

Alexander Sannikov

President & Chief Operating Officer

(416) 365-4106

asannikov@dream.ca

TORONTO–(BUSINESS WIRE)–RioCan Real Estate Investment Trust (“RioCan”) (TSX: REI.UN) brought the community together this morning for a ribbon-cutting ceremony at The Well. The ceremony marked the significant completion of commercial, residential, and retail spaces on site, and kicked off The Well’s first year of holiday programming.

A multi-stranded ribbon was jointly cut by dignitaries, community groups, and project team members, alongside The Well’s retail, office and residential tenants. Over 250 participants helped celebrate the occasion at one of the most awaited mixed-use developments in Canada’s history. Notable dignitaries in attendance included, MP Kevin Vuong, MPP Chris Glover alongside First Deputy Mayor Ausma Malik.

“The Well is an incredible achievement in Canadian real estate. It was important to bring the community together to mark this significant milestone,” says Jonathan Gitlin, President and CEO, RioCan. “The Well is emblematic of our ability to deliver unitholder value while simultaneously engaging in responsible community-building. Our team’s vision, focus, and commitment to excellence has made The Well the most anticipated project in the country. We are excited to see the momentum continue to build in the coming weeks and months with the cascading opening of our impressive roster of retail and food service tenants.”

Today’s ribbon-cutting also kicked off The Well’s first year of holiday programming, which will transform the space into an immersive, arctic-inspired experience. The Well’s iconic glass canopy will be lit up nightly Thursday to Sunday 6-10pm in the style of the Aurora Borealis presented by Destination Canada.

Other highlights of The Well’s seven-week holiday programming include live musical performances and DJ nights, ice dancers, a Veuve Clicquot Champagne Lounge, and Nordic by BarChef – where guests can enjoy holiday cocktails immersed within a yurt.

A skating rink will also be open to the community this week and for the winter season, weather permitting.

To learn more about The Well or Holiday at The Well Programming, including a full schedule of experiences, please visit thewelltoronto.com.

About The Well

The Well is a joint venture between RioCan and Allied Properties REIT. Situated at Front, Spadina, and Wellington, spanning more than three million square feet, The Well comprises seven mixed-use towers and mid-rise buildings. This interconnected mixed-used development introduces new residential housing and a relevant urban streetscape of retail experiences and concepts in approximately 320,000 square feet ⁽¹⁾ of indoor and outdoor space, and workspace solutions for thousands of users across 1.2 million square feet ⁽¹⁾ of office. Once complete, The Well will draw approximately 22,000 daily visitors from down the street and across the globe to eat, shop, work, live, and play in Toronto, including the approximately 11,000 residents and employees who will live and work at The Well. To learn more about The Well visit www.thewelltoronto.com.

About RioCan

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

1) Square footage measures are based on gross leasable area for retail and office space.

 

Contacts

For more information, high resolution imagery or to arrange interviews:

Darren Elias, kg&a

(416) 893-0734

Raquel Ruiz, kg&a

(647) 268-0990

Investors:

Kim Lee

Vice President, Investor Relations

RioCan

(416) 646-8326

TORONTO–(BUSINESS WIRE)–Slate Office REIT (TSX: SOT.UN) (the “REIT”), an owner and operator of high-quality workplace real estate, announced today that the Q3 2023 earnings call transcript and investor update are now available on the REIT’s website and can be accessed by visiting the following links:

• Slate Office REIT – Q3 2023 earnings call transcript
• Slate Office REIT – Q3 2023 investor update

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