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 second quarter of 2023. The call will take place on Wednesday, August 9^th at 11 a.m. ET.

Tricon’s financial statements and management’s discussion and analysis for the second 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 August 9^th, 2023, until midnight ET, on September 9^th, 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, please contact:

Wissam Francis

EVP & Chief Financial Officer

Email: IR@triconresidential.com

Wojtek Nowak

Managing Director, Capital Markets

TORONTO–(BUSINESS WIRE)–Messagepoint Inc. announced today that it has signed Newbold Advisors as a referral partner for its customer communications management (CCM) solution. Newbold Advisors provides business, technology and staffing consulting and professional services to the mortgage servicing sector and will introduce Messagepoint to clients looking to improve borrower communications operations and experiences.

“Messagepoint provides a powerful solution for addressing the key issues relating to inefficiency, slow change cycles and outdated borrower communications for mortgage servicers today,” said Newbold partner Michael Wade. “The ability to accelerate time to market, improve the quality of communications and centrally manage content for all channels from one intelligent content hub is a game changer for mortgage servicing organizations.”

Many mortgage servicers are challenged by long authoring and change cycles for critical borrower correspondence due to existing constraints with legacy platforms, as well as a heavy reliance on IT and third-party service providers to code content changes. These communications are also subject to strict regulatory requirements, which add acute time pressures and operational complexity, particularly for large mortgage servicing teams that manage loans involving multiple states and mortgage origination clients. By modernizing communications systems to move away from code-intensive solutions, both servicers and their print partners can reduce costs and accelerate processes.

With its patented variation management capabilities, Messagepoint’s cloud-native, AI-powered CCM solution makes it easy for business teams to manage borrower communication variations that incorporate regional or brand differences. In addition, by empowering business teams with no-code approaches to authoring, updating and managing content directly, mortgage servicers can significantly reduce their reliance on IT and third-party service providers. This reduces time to market for new or updated communications from weeks down to hours, enabling teams to adapt quickly to regulatory or market changes.

“Messagepoint’s unique focus on content gives mortgage servicers a more intelligent way to manage their borrower communications, resulting in rapid and significant improvements in operational efficiency, speed and the quality of communications,” said Steve Biancaniello, founder and CEO of Messagepoint.

Messagepoint’s intelligent SaaS-based content hub is used by leading financial services, insurance, healthcare and service organizations to create and manage highly personalized customer communications for print and digital channels. Messagepoint is recognized as a leader in the customer communications space by industry analysts and has been awarded three patents for its AI-powered platform. The organization recently announced the addition of generative AI capabilities to its platform, enhancing the Assisted Authoring capabilities in Messagepoint to offer suggested content rewrites to address content issues related to sentiment, reading levels and brand alignment.

For more information, contact Messagepoint at info@messagepoint.com.

About Messagepoint

Messagepoint is a leading provider of customer communications management software. Only Messagepoint harnesses AI-powered Content Intelligence to automate and simplify the process of migrating, optimizing, authoring and managing complex customer communications for non-technical (business) users. Customers rely on its award-winning platform to consistently deliver exceptional, highly personalized customer communications across all platforms and channels. For more information, visit www.messagepoint.com.

About Newbold

Newbold Advisors, LLC is a national consulting and professional services company serving institutional clients in the private sector.

The firm’s mission is to deploy qualified mortgage lending professionals at competitive rates to achieve tangible results. Our goal is to earn every client’s trust by delivering results with integrity. For more information, visit https://newboldadvisors.com/mortgage/.

Contacts

Patricia Kilgore

Sterling Kilgore

630-567-9379

pkilgore@sterlingkilgore.com

The new funding will boost the global scale of CarbonCure’s carbon removal technologies across the concrete industry & expand its supply of high quality carbon credits.

HALIFAX, Nova Scotia–(BUSINESS WIRE)–#CarbonCure–CarbonCure Technologies, the global leader in carbon removal technologies for the concrete industry, today announces a major investment led by Blue Earth Capital, part of a broader collaborative investment round totaling more than $80 million USD.

The new funding also includes strong and substantial support from existing shareholders, including Breakthrough Energy Ventures, Taronga Ventures, Amazon’s Climate Pledge Fund, Microsoft Climate Innovation Fund and 2150. New strategic investors include BH3 Growth Equity (BH3) and Samsung Ventures (Corporate VC fund backed by Samsung C&T). In addition to their financial backing, these firms are force multipliers of sustainability and innovation, with direct involvement in new product development and acting as market demand catalysts.

With 750 systems sold across more than 30 countries, this investment will support CarbonCure in achieving its growth plans and accelerating its product roadmap.

“The financial backing of this special syndicate of investors is an exciting endorsement of CarbonCure as a go-to solution for low embodied carbon concrete, a leader in carbon removal technologies and a provider of the highest quality carbon credits in the voluntary carbon market,” said CarbonCure Chair and CEO Robert Niven.

Blue Earth Capital is a mission-driven, global investment firm. It is an advocate for sustainability through its growth investments, supporting companies that have the potential to deliver measurable impact alongside attractive financial returns. Via its Climate Growth Strategy, Blue Earth Capital provides equity capital to help businesses scale, focusing on companies that offer products and services to facilitate the global energy transition as well as decarbonising key economic sectors including large scale production and consumption.

“Blue Earth Capital seeks to address pressing environmental and social challenges globally. To achieve this and as part of our Climate Growth Strategy, we look to support promising technologies and companies enabling the redesign or supplementation of major industrial processes by using lower carbon-intensive materials and/or enabling raw materials to be reused. CarbonCure’s technologies achieve both, on the one hand enabling concrete production with less carbon-intensive cement and on the other creating less solid waste and using less fresh water. Solutions like these are urgently needed to help meet global climate goals,” said Kayode Akinola, Head of Private Equity at Blue Earth Capital.

CarbonCure’s technologies have already been used to produce nearly five million truckloads of lower carbon concrete, saving about 290,000 metric tons of carbon dioxide, equivalent to taking 64,000 gas-powered cars off the road for a year.

About CarbonCure

CarbonCure Technologies, a fast-growing carbon dioxide removal tech company, has developed easy-to-adopt solutions that enable concrete producers to use captured carbon dioxide to produce reliable, low carbon concrete mixes and achieve market differentiation amid surging demand for greener building materials among architects, engineers, owners and developers. With hundreds of CarbonCure systems operating around the world, roughly five million truckloads of this concrete have supplied a broad spectrum of sustainable construction projects. CarbonCure’s cutting-edge research and innovation have garnered global recognition and prestigious titles, most notably Carbon XPRIZE Grand Prize Winner, 2022 CNBC Disruptor 50 List Company and Cleantech 100 Hall of Fame Company. CarbonCure’s investors also include Amazon, BDC Capital, Breakthrough Energy Ventures, Carbon Direct, GreenSoil Investments, Microsoft Climate Innovation Fund, Mitsubishi Corporation, Pangaea, 2150 and Taronga Group.

About Blue Earth Capital

Blue Earth Capital is a global, independent, specialist impact investor, headquartered in Switzerland, with operations in New York, London, and Konstanz. Blue Earth Capital seeks to address the world’s most pressing social and environmental challenges by delivering measurable impact alongside aiming for attractive and sustainable financial returns. The company operates dedicated private equity, private credit and fund solutions. Blue Earth Capital is owned by the Blue Earth Foundation, a Stiftung (charity/trust) registered in Switzerland that focuses on deep impact to support initiatives and business ventures to help deliver a more equitable and sustainable future.

Contacts

Media:
CarbonCure Technologies
Mike Carter-Conneen

Sr. Director of Corporate Communications

media@carboncure.com

Blue Earth Capital
Kekst CNC

Blueearthcapital@kekstcnc.com

TORONTO–(BUSINESS WIRE)–Slate Grocery REIT (TSX: SGR.U) (TSX: SGR.UN) (the “REIT”), an owner and operator of U.S. grocery-anchored real estate, announced today that it will be releasing its second quarter 2023 financial results before market hours on Thursday, August 3, 2023. Senior management will host a live conference call at 9:00 am ET on Thursday, August 3, 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=1621799&tp_key=1eb4041786. A replay will be accessible until August 17, 2023 via the REIT’s website or by dialing (416) 764-8692 or 1 (877) 674-7070 (access code 831208#) approximately two hours after the live event.

About Slate Grocery REIT (TSX: SGR.U / SGR.UN)

Slate Grocery REIT is an owner and operator of U.S. grocery-anchored real estate. The REIT owns and operates approximately U.S. $2.4 billion of critical real estate infrastructure across major U.S. metro markets that communities rely upon for their daily needs. The REIT’s resilient grocery-anchored portfolio and strong credit tenants provide unitholders with durable cash flows and the potential for capital appreciation over the longer term. Visit slategroceryreit.com to learn more about the REIT.

About Slate Asset Management

Slate Asset Management is a global alternative investment platform 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.

SGR-FR

Contacts

For Further Information
Investor Relations

+1 416 644 4264

ir@slateam.com

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 second quarter 2023 financial results before market hours on Wednesday, August 2, 2023. Senior management will host a live conference call at 9:00 a.m. ET on Wednesday, August 2, 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=1621797&tp_key=4b589f6cf7. A replay will be accessible until August 16, 2023 via the REIT’s website or by dialing (416) 764-8692 or 1 (877) 674-7070 (access code 951017#) 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

TORONTO–(BUSINESS WIRE)–Cleanster.com, a Canadian-owned company, is thrilled to announce the official launch of its innovative cleaning service platform in Toronto. Inspired by the successful Uber model, Cleanster.com has adapted the concept to cater specifically to the cleaning industry, providing a seamless and convenient solution for property owners, homeowners, and short-term rentals.

With a population of over 2.8 million, Toronto faces various cleaning challenges, and Cleanster is poised to address them head-on. The user-friendly Cleanster app empowers users to effortlessly book professional cleaners for their homes or offices. By simply selecting a date, users can receive an estimated cost for their cleaning services. Cleanster.com offers custom on-call cleaning services in Greater Toronto, serving areas such as Old Toronto, East York, Etobicoke, North York, Scarborough, and York.

Local professional cleaners, insured, bonded, and compensated fairly, are prioritized by Cleanster to ensure quality and customer satisfaction.

Cleanster.com is revolutionizing the way you find cleaning services by offering a unique and personalized approach. Unlike other forms of cleaning services, Cleanster is your dedicated partner in connecting you with local, professional, insured, bonded, and fairly compensated cleaners. Our mission is to ensure unparalleled quality and customer satisfaction in every cleaning experience.

What sets Cleanster.com apart is our commitment to matching you with highly skilled and trustworthy cleaners who are dedicated to delivering exceptional service. Each cleaner in our network undergoes a vetting process, including background checks, to ensure your peace of mind.

Unlike traditional cleaning service platforms, Cleanster.com stands out as a trailblazer in convenience. Recognizing the importance of round-the-clock support, Cleanster provides access to customer assistance through SMS, email, and chat. Customers no longer need to worry about cancellations, hiring the wrong professional, or property damage with no recourse. Cleanster has revolutionized the cleaning industry by ensuring a hassle-free experience for all users.

Cleanster.com offers a comprehensive range of cleaning services for apartment buildings, short-term rentals, and home services on-demand. With a primary focus on quality service, accountability, and affordability, Cleanster is committed to meeting the diverse cleaning needs of its customers.

“We are excited to introduce Cleanster.com to Toronto on Moving Day, July 1st, 2023,” said Gloria Oppong, Co-founder & CEO of Cleanster.com. “We believe in creating a fresh start for Toronto’s sanitation and cleaning needs. With Cleanster, users can expect a new era of cleanliness, convenience, and peace of mind. Together, we’ll make Toronto shine like never before.”

To experience the magic of Cleanster.com and embark on a journey toward a cleaner, brighter future, visit their website at www.cleanster.com or reach out to their dedicated team today.

Contacts

Gloria Oppong

support@cleanster.com

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

OTTAWA, Ontario–(BUSINESS WIRE)–InterRent Real Estate Investment Trust (TSX-IIP.UN) (“InterRent” or “REIT”) announced today that in connection with its previously announced normal course issuer bid (“NCIB”) to purchase up to 13,582,032 trust units (“Units”), it entered into an automatic unit purchase plan (“AUPP”) with a designated broker. The AUPP is intended to allow for the purchase of Units under the NCIB at times when the REIT would ordinarily not be permitted to purchase shares due to regulatory restrictions and customary self-imposed blackout periods.

Pursuant to the AUPP, InterRent has instructed the designated broker to make purchases under the NCIB in accordance with the terms of the AUPP. Such purchases will be determined by the designated broker at its sole discretion based on purchasing parameters set by InterRent in accordance with the rules of the Toronto Stock Exchange (“TSX”), applicable securities laws and the terms of the AUPP. The AUPP has been pre-cleared by the TSX and will be implemented today.

Outside of pre-determined blackout periods, Units may be purchased under the NCIB based on management’s discretion, in compliance with TSX rules and applicable securities laws. The NCIB commenced on May 23, 2023 and ends on May 22, 2024. All purchases made under the AUPP will be included in computing the number of Units purchased under the NCIB.

About InterRent

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

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

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

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

Contacts

Investor Relations

investorinfo@interrentreit.com
www.interrentreit.com

TORONTO–(BUSINESS WIRE)–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, announced today that it has priced its 2023-SFR1 securitization transaction.

The transaction, involving the issuance and sale of 5 offered classes of fixed-rate certificates with a total face amount of $416.4 million, was priced at a weighted average yield of approximately 5.86% with a term to maturity of approximately 5 years. The transaction reflected strong demand, with subscriptions of 3.5x the offered amount and participation from 26 investors, including four new to Tricon. The transaction proceeds represent 57% of the value of the securitized portfolio which includes 2,116 single-family rental properties within the SFR JV-2 investment vehicle (“SFR JV-2”). The transaction is expected to close on or about July 11, 2023.

The 5.86% weighted average yield represents an attractive cost of financing that is in line with Tricon’s acquisition cap rates for single-family rental homes in the current market environment. The proceeds of the transaction will be used to repay floating rate debt that was temporarily used to fund acquisitions within SFR JV-2, thereby reducing the Company’s floating rate debt exposure by approximately 500 basis points to 21% of total debt from 26% in Q1/23¹.

The offering of certificates is being made through Morgan Stanley & Co. LLC as sole structuring agent, joint bookrunner, and co-lead manager, BofA Securities, Inc. as joint bookrunner and co-lead manager, Deutsche Bank Securities Inc. as joint bookrunner and co-lead manager, Mizuho Securities USA LLC as joint bookrunner and co-lead manager and RBC Capital Markets, LLC as joint bookrunner and co-lead manager. The various classes of offered certificates have been rated on a preliminary basis by Moody’s Investors Service and Kroll Bond Rating Agency.

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.

* * * *

Certain statements contained in this news release are forward-looking statements and are provided for the purpose of presenting information about management’s current expectations and plans relating to the future. Readers are cautioned that such statements may not be appropriate for other purposes. These forward-looking statements include the anticipated completion and pricing of any securitization transaction, the availability or anticipated use of any surplus transaction proceeds, and the resultant impact on the Company’s debt profile. Such statements are subject to significant known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those expressed or implied by such statements and, accordingly, should not be read as guarantees of future performance or results and will not necessarily be accurate indications of whether or not such results will be achieved. Factors that could cause actual results to differ include Tricon’s ability to execute the securitization transaction upon terms acceptable to the Company. Although management believes that it has a reasonable basis for the expectations reflected in these forward-looking statements, actual results may differ from those suggested by the forward-looking statements for various reasons including but not limited to the assumptions, risks and uncertainties described above. These forward-looking statements reflect current expectations of the Company as at the date of this news release and speak only as at the date of this news release. The Company does not undertake any obligation to publicly update or revise any forward-looking statements except as may be required by applicable law.

The certificates will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. The certificates will be offered and sold in the United States in accordance with Rule 144A. This press release shall not constitute an offer to sell or the solicitation of any offer to buy nor shall there be any sale of the certificates in any jurisdiction in which such offer, solicitation or sale would be unlawful under the laws of such jurisdiction.

1 Reflects Tricon’s proportionate debt balance.

 

Contacts

For further information:
Wissam Francis

EVP & Chief Financial Officer

Email: IR@triconresidential.com

Wojtek Nowak

Managing Director, Capital Markets

Company’s environmental, social and governance report highlights worldwide strategy to reduce carbon emissions across all scopes, encourage diversity and inclusion, and achieve “Vision Zero” as part of its environmental health and safety program

DENVER–(BUSINESS WIRE)–Vantage Data Centers, a leading global provider of hyperscale data center campuses, today released its second annual Environmental, Social and Governance (ESG) Report showcasing the company’s dedication to meet its high standards for environmental stewardship, social responsibility and ethical governance. Themed “A Global Vision. Locally Adapted.,” the report details Vantage’s progress and achievements towards its goals across the company’s 29 global data center campuses amid a period of rapid growth.

“In 2022, Vantage continued to build on its unprecedented global growth, all while remaining committed to our sustainability, inclusivity and safety goals,” said Chris Yetman, chief operating officer at Vantage Data Centers. “We have a singular global vision for responsibly developing our data center campuses around the globe, a vision that is flexible to adapt to the local communities in which we operate. We’re proud of the progress that we’ve achieved to date and look forward to sharing future results with our customers, investors, employees and all stakeholders.”

In 2021, Vantage used a third party to conduct a materiality assessment that surveyed customers, investors, employees, utility providers, community representatives and local governments about their top ESG priorities. The results of this assessment provided Vantage with the foundation that shaped the goals outlined in the ESG report.

Highlights of Vantage’s 2022 ESG report include:

Environmental Stewardship

• A holistic approach to sustainability: Tackling global environmental and resource challenges while maintaining growth is a complex task. Last year, Vantage broadened its sustainability program to focus on five strategic areas: greenhouse gas (GHG) emissions, energy, water, waste and community.
• Net zero operational carbon emissions by 2030: Vantage is committed to reaching net zero carbon emissions by 2030. In 2022, the company completed its first Scope 3 emissions screening, developed a roadmap with proposed interim reduction targets and continued to refine its data collection methodology. Vantage joined more than 375 companies in signing The Climate Pledge, another strategic step in its ongoing commitment to reduce its environmental impact.
• Leveraging cleaner diesel fuel: In 2022, Vantage made renewable diesel fuel a reality, moving from an exploratory assessment period to implementing Hydrotreated Vegetable Oil (HVO) at its Cardiff campus. Vantage’s use of HVO significantly reduces its greenhouse gas emissions, delivering measurable progress towards lessening its carbon footprint. The company is currently working to expand the use of this biofuel more broadly based on availability and costs per market.

Social Responsibility

• Diverse employee affinity groups: Vantage welcomed more than 385 new team members in 2022. The company strives to make employees feel valued and heard across the globe, evidenced by its growing list of affinity groups. In 2022, Vantage added the Black Employee Network, the Mental Health and Wellbeing Network, the Muslim Employee Association and the Working Parents and Caregivers Network, alongside its existing Women’s Leadership Forum, to offer communities where employees who share a common identity or interest can connect and find support.
• Fostering the next generation of leaders: Vantage introduced a new Mentor Program with support from its Justice, Equity, Diversity and Inclusion (JEDI) Council to enable senior leaders to mentor junior team members. In addition, the voluntary JEDI Council grew by 85%, serving as a testament to the importance of DE&I initiatives.
• Giving back: Vantage is dedicated to supporting the communities in which it operates. Throughout the year, Vantage and its employees engaged with its local communities through service events, donating financial support to earthquake relief for Syria and Turkey and partnering with AFCOM to offer an intern program.

Ethical Governance

• Proactive governance and risk protections: To gain a deeper understanding of the risks associated with vendors, Vantage launched a third-party risk management (TPRM) program. Coupled with Vantage’s Executive Risk Council (ERC), which meets quarterly to identify potential risks and opportunities across five key functions critical to its strategic business goals, Vantage is making risk assessment and management a global priority.
• Global public policy: With differing laws, regulations and policies impacting energy, sustainability, land ownership, zoning, design aesthetics and taxes, public policy is critical to ensure optimal business outcomes. Last year, Vantage established a new public policy team and company-wide steering committee to advance the company’s development goals and lead community engagements.
• Prioritizing safety: With nearly four times as many construction hours logged in 2022 compared to 2021, Vantage lowered its Total Recordable Incident Rate (TRIR) from .31 to .28. The company also doubled down on its commitment to safety, launching its Vision Zero program. The “zero” in Vision Zero is the quest for ultimate safety on the job: zero incidents.

For additional information about these key insights and more, download the full 2022 ESG report here.

About Vantage Data Centers

Vantage Data Centers powers, cools, protects and connects the technology of the world’s well-known hyperscalers, cloud providers and large enterprises. Developing and operating across five continents in North America, EMEA and Asia Pacific, Vantage has evolved data center design in innovative ways to deliver dramatic gains in reliability, efficiency and sustainability in flexible environments that can scale as quickly as the market demands.

For more information, visit http://www.vantage-dc.com.

Contacts

Mark Freeman

Vantage Data Centers

mfreeman@vantage-dc.com
+1-202-680-4243

Robin Bectel

REQ for Vantage Data Centers

vdc@req.co
+1-​202-936-6335

The new Managing Director role creates added value for stakeholders on both sides of the lending and investing equation

CALGARY, Alberta–(BUSINESS WIRE)–Today, Alberta-based real estate finance firm and investment manager, KV Capital, announced the opening of its Calgary office and the appointment of Michael Hoffman as Managing Director, Calgary for its Commercial Real Estate Finance division. Alberta achieved the second highest provincial year-over-year real GDP growth in 2022 and KV Capital believes the province is poised to continue this strong economic momentum. The opening of a Calgary office represents KV Capital’s belief in—and commitment to—the long-term prospects of Calgary and the province.

“The Calgary commercial real estate market is growing rapidly, and we are thrilled to expand our capacity to better serve our clients and partners doing business there,” says KV Capital’s CEO, Aleem Virani. “The relentless pursuit of a better stakeholder experience is a key driver of KV Capital’s, and we could not imagine a better leader to carry this vision in Calgary than Michael. He is widely respected for his deep expertise and business acumen. His leadership, market intelligence, and skill set greatly enhances our team’s capabilities.”

“This is a unique time—both in the commercial real estate industry and in the Alberta market as a whole,” says Calgary Commercial Real Estate Finance Managing Director, Michael Hoffman. “In addition to our strong economic growth, Alberta reached the highest provincial year-over-year population growth rate in Canada in 2022, which presents an important opportunity to support the creation of high-quality real estate developments to drive this province forward. I look forward to collaborating with the entire KV Capital team to support these developments and help make this next chapter for Alberta a bright one.”

Hoffman brings over 20 years of experience in the finance and commercial real estate lending industries to his role at KV Capital. His proven track record, leadership skills, and creative perspective for finding solutions which best suit a client’s capital needs will continue driving the firm forward.

“We are delighted to welcome Michael as the Managing Director of our Calgary office, especially at this pivotal moment of growth in the market,” notes Marc Prefontaine, KV Capital’s President, Commercial Real Estate Finance. “Michael’s reputation is impeccable, and his expertise, ethics, and ambition directly align with KV Capital. Michael will be a tremendous asset in creating value for our clients, partners, and investors.”

About KV Capital

Founded in 2006 and proudly headquartered in Alberta, KV Capital is an alternative investment manager, specializing in a diverse range of assets such as real estate debt, real estate development, and private operating businesses.

With +$1B funded in investments across various asset classes and $350M in assets under management, KV Capital’s mission is to provide the capital, creativity, and speed necessary for clients to secure the financing they need, when they need it. KV Capital offers a comprehensive suite of expert debt and equity solutions, serving the entire real estate capital stack.

Find KV Capital Online

Website: kvcapital.ca
LinkedIn: KV Capital

Contacts

Vanessa Tracy-Roth

Marketing Manager, KV Capital

vanessa.tracy-roth@kvcapital.ca | 780.999.5727

LADERA RANCH, Calif.–(BUSINESS WIRE)–Strategic Storage Trust VI, Inc. (“SST VI”), a publicly registered non-traded real estate investment trust sponsored by an affiliate of SmartStop Self Storage REIT, Inc. (“SmartStop”), announced today the acquisition of six self-storage properties in the Greater Toronto Area, including Burlington, Hamilton, Vaughan, Toronto and Mississauga. The six properties feature approximately 5,500 units and approximately 524,000 net rentable square feet.

The Class A properties were recently constructed or renovated and are located in desirable high-growth areas with strong demographics, solid household incomes and populations, and excellent visibility. With their prime locations and convenient accessibility, this acquisition aligns with SST VI’s commitment to offer a wide range of storage options to meet the unique requirements of residents and businesses while providing value to stockholders.

“This strategic acquisition is a testament to our commitment to growth and innovation and represents a significant step forward in our mission to revolutionize the self-storage landscape across North America,” said H. Michael Schwartz, CEO and President of SST VI. “Each of these Class A buildings is a tremendous asset and represents a unique opportunity to deliver value for our stockholders.”

The facilities will be branded under the SmartStop® Self Storage banner and will utilize cutting-edge technology, coupled with exceptional customer service, to ensure a seamless and hassle-free storage experience for all its valued customers.

About Strategic Storage Trust VI, Inc. (SST VI):

SST VI is a Maryland corporation that elected to qualify as a REIT for federal income tax purposes. SST VI’s primary investment strategy is to invest in income-producing and growth self-storage facilities and related self-storage real estate investments in the United States and Canada. As of June 20, 2023, SST VI has a portfolio of 13 operating properties in the United States comprising approximately 8,660 units and 1,005,000 rentable square feet (including parking); 11 properties with approximately 9,800 units and 1,050,000 rentable square feet (including parking) in Canada, joint venture interests in three development properties in two Canadian provinces (Ontario and Quebec) and one wholly owned development property in Ontario.

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

SmartStop Self Storage REIT, Inc. (“SmartStop”) is a self-managed REIT with a fully integrated operations team of approximately 500 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 June 20, 2023, SmartStop has an owned or managed portfolio of 192 operating properties in 22 states and Canada, comprising approximately 135,000 units and 15.2 million rentable square feet. SmartStop and its affiliates own or manage 33 operating self-storage properties in Canada, which total approximately 28,600 units and 3.0 million rentable square feet. Additional information regarding SmartStop is available at www.smartstopselfstorage.com.

Contacts

David Corak
VP of Corporate Finance

SmartStop Self Storage REIT, Inc.

IR@smartstop.com

Town Square amenities include Latitude Bar & Chill restaurant, Paradise Pool & more

PANAMA CITY BEACH, Fla.–(BUSINESS WIRE)–Latitude Margaritaville Watersound development partners have announced the opening of the community’s Latitude Town Square amenities. Latitude Margaritaville Watersound is located on Northwest Florida’s gorgeous Emerald Coast near Panama City Beach and the Scenic Highway 30A corridor and is being developed in a dynamic partnership between master developer Minto Communities USA (“Minto”), global lifestyle brand Margaritaville Holdings, and The St. Joe Company (NYSE: JOE) (“St. Joe”).

The new Latitude Margaritaville Watersound Town Square is situated on the Intracoastal Waterway and features a terraced amphitheater, thatched roof bandshell with full-size concert stage and jumbo screen for concerts and movies. A special recessed dance floor provides a little give and spring for dancing. Dining options include a two-story Latitude Bar & Chill restaurant with rooftop Overlook Bar, all providing stunning views of the Intracoastal Waterway.

The lagoon-style Paradise Pool with beach-like gradual entry features an expansive deck and shaded Tiki Island. For indoor swimming, the state-of-the-art Fins Up! Fitness Center includes a lap pool and spa, in addition to workout equipment, spin room, fitness classes and a robust wellness program. Tennis and pickleball courts have lighting for night play, along with bocce ball courts and an outdoor games area with cornhole, billiards and a putting green. Additionally, the community now features a Barkaritaville Dog Park where canine residents can romp and play. Future planned amenities include a Workin’ N’ Playin’ Center with the Last Mango Theater, Hangar Workshop for golf cart tune ups, and Barkaritaville Pet Spa.

Latitude Margaritaville Watersound is the third of the incredibly popular, award-winning Latitude Margaritaville communities, and the first to be developed in partnership with St. Joe. The first two communities by Minto and Margaritaville are located in Daytona Beach, Florida and near Hilton Head, South Carolina. Minto and Margaritaville plan additional Latitude Margaritaville communities for Texas, as well as other popular destinations.

Latitude Margaritaville’s all-new approach to active adult living has captured the imagination of today’s vibrant 55 and better home buyers who are growing older…but not up, and home sales have exceeded all expectations.

The Latitude Margaritaville Watersound sales center and model homes are open daily. Four distinct home collections — the Conch Cottage Collection, Caribbean Villas Collection, and Beach and Island Collections of single-family homes — capture the “no worries” tropical vibe that defines Latitude Margaritaville. Floor plans range from 1,210 to 2,568 square feet under air with pricing from the low $300s.

Latitude Margaritaville Watersound is situated in the heart of St. Joe’s vast Bay-Walton Sector Plan that encompasses approximately 110,500 acres with approximately 15 miles of frontage on the Intracoastal Waterway. Just a short drive from the famed Scenic Highway 30A corridor with its beautiful white-sand beaches, this region is the embodiment of the relaxed, beachy vibe that is at the heart of the Latitude Margaritaville lifestyle.

In addition to the many Latitude Margaritaville amenities, St. Joe has plans for a future full-service public marina and Watersound West Bay Center, a commercial village adjacent to the community. St. Joe is also developing a health care campus, along with Tallahassee Memorial Healthcare and Florida State University (FSU) College of Medicine, located just minutes from Latitude Margaritaville Watersound. The healthcare campus is located on an 87-acre parcel near the intersection of State Highway 79 and Phillip Griffitts Sr. Parkway. In addition to the planned 100-bed inpatient facility, FSU intends to utilize the campus for research focused on successful aging and senior living technology. Phase 1 is currently under construction.

The Latitude Margaritaville Watersound sales center is located at 9201 Highway 79, Panama City Beach, Florida. Model homes are open daily, Monday through Saturday, 9 a.m. to 5 p.m.; Sunday 11 a.m. to 5 p.m. Central. For information, call 866-524-0144.

For more information on Latitude Margaritaville and to sign up to receive regular development updates, visit www.LatitudeMargaritaville.com. Follow Latitude Margaritaville on Facebook at www.facebook.com/LatitudeMargaritaville and on Instagram and Twitter at @LatitudeMville.

NOTE TO EDITOR: Please see link to Latitude Margaritaville Watersound images and captions below.

Image credits: Courtesy Minto Communities.

https://www.dropbox.com/scl/fo/1xnemrgcz7fcev6tqv28b/h?dl=0&rlkey=p0nfhnnjij57yrvabrzioewef

Important Notice Regarding Forward-Looking Statements

This press release contains “forward-looking statements,” within the meaning of Section 21E of the Securities Exchange Act of 1934, including statements regarding the anticipated size of the initial phase of Latitude Margaritaville Watersound, expectations regarding specific amenities and other features, plans for developments in the adjacent communities and the prospective interest in the Latitude Margaritaville Watersound. These forward-looking statements are qualified in their entirety by cautionary statements and risk factors set forth in St. Joe’s filings with the SEC, including its Annual Report on Form 10-K for the year ended December 31, 2022 and subsequent current report filings, as well as the following: (1) the ability of Minto, Margaritaville Holdings and St. Joe to continue to develop and successfully complete the Latitude Margaritaville Watersound community and other developments in adjacent communities on the expected timeline, or at all, and (2) the continued interest of prospective buyers of Latitude Margaritaville Watersound homes.

About Latitude Margaritaville

Latitude Margaritaville communities are active adult developments built by master developer Minto Communities under license from global lifestyle brand Margaritaville Holdings. Offering resort-style amenities, Latitude Margaritaville is the ideal destination for those looking to live the Margaritaville lifestyle as they grow older, but not up. The communities feature a resort-style pool, fitness center, live entertainment, signature Margaritaville food and beverage concepts, arts and learning programs and more. Ranked the nation’s most popular active adult community of 2018 by 55Places.com and 2019’s Best 55+ Community of the Year by the National Association of Home Builders, Latitude Margaritaville communities are now open in Daytona Beach, Florida, Hilton Head, South Carolina and Watersound, Florida located on the Emerald Coast in Florida’s Panhandle. All three Latitude Margaritaville communities were recognized among the top 25 master-planned communities in the U.S. for 2022 on both the John Burns Real Estate Consulting list of top 50 master-planned communities and the RCLCO Real Estate Consulting list of top 50 master-planned communities. Additional Latitude Margaritaville communities are planned for Texas as well as other popular destinations.

About St. Joe

The St. Joe Company is a real estate development, asset management and operating company with real estate assets and operations in Northwest Florida. The Company intends to use existing assets for residential, hospitality and commercial ventures. St. Joe has significant residential and commercial land-use entitlements. The Company actively seeks higher and better uses for its real estate assets through a range of development activities. More information about the Company can be found on its website at www.joe.com. On a regular basis, the Company releases a video showing progress on projects in development or under construction. See https://www.joe.com/video-gallery for more information.

©2023 The St Joe Company. “St. Joe®”, “JOE®”, the “Taking Flight” Design®, “St. Joe (and Taking Flight Design,)®” are registered service marks of The St. Joe Company or its affiliates.

Contacts

Media Contacts:
Paula Robertson (for Minto)

Paula Robertson & Associates

239-454-1454

Paula@prprUSA.com

Marek Bakun (Investor Relations for The St. Joe Company)

866-417-7132

Marek.Bakun@joe.com

David Demarest (Public Relations for The St. Joe Company)

850-213-5137

David.Demarest@joe.com

Caroline Andrew (for Margaritaville)

Finn Partners

646-373-2899

caroline.andrew@finnpartners.com