Acquires First Property Outside U.S., Located in Fast-Growing Edmonton Market

SARATOGA SPRINGS, N.Y.–(BUSINESS WIRE)–Prime Group Holdings, LLC (“Prime Group”), a vertically-integrated private equity real estate firm, today announced the company is bringing its significant self storage expertise to the Canadian market, acquiring its first Canadian property in the Edmonton suburb of Sherwood Park, Alberta. The acquisition was made through the firm’s third flagship fund, Prime Storage Fund III, LP.

The recently constructed single-story building, located at 70 Broadview Road in Sherwood Park, is comprised of over 54,600 rentable square feet, a combined 472 indoor climate controlled and drive-up units, and 22 parking spaces. Located east of Edmonton, the Sherwood Park community offers a suburban lifestyle for families and professionals living and working in Edmonton and includes a mix of suburban residential neighborhoods as well as shopping centers, restaurants, and the Sherwood Park Mall. Already nearly 90% occupied, the property is easily accessible via car and public transportation.

“We are thrilled to bring our deep self storage sector expertise and institutional property management platform to the Canadian market as we continue to expand our business,” said Robert Moser, Prime Group’s Founder, Principal, and Chief Executive Officer. “We carefully chose the Edmonton market, as the region has experienced significant population growth in recent years due to its natural beauty, culture, history, and strong economy—particularly in the increasingly diverse and affluent Sherwood Park suburb. Accordingly, more and more residents and businesses in metro Edmonton are experiencing meaningful life changes and business opportunities that are driving the need for high-quality storage options, exhibiting similar demographic characteristics to those we see and invest in within the U.S. market. Over time, we look forward to executing our strategy across Canada, as we identify quality self storage assets backed by strong demographics and continue delivering attractive risk-adjusted returns to our investors.”

Since inception, Prime Group has owned and operated over 360 self-storage facilities representing more than 201,000 storage units and containing over 25.2 million rentable square feet. The firm operates internationally across the U.S. and Canada, with facilities spanning 28 states, the Province of Alberta, and the islands of St. Thomas and St. Croix.

About Prime Group Holdings

Prime Group Holdings is a vertically integrated private equity real estate firm focused on self storage and other alternative real estate asset classes, managing assets worth well over $4 billion on behalf of a global institutional investor base. Headquartered in Saratoga Springs, NY, with a regional office in Jupiter, FL and investment origination offices in Denver, CO and Hackensack, NJ, the firm has more than 650 employees, including investment professionals, property managers, an investor reporting team, construction and marketing personnel, and deal-sourcing professionals. For more information, please visit https://www.goprimegroup.com/.

Contacts

Media
Nathaniel Garnick/Grace Cartwright

Gasthalter & Co.

(212) 257-4170

PrimeGroup@gasthalter.com

Strategic acquisition expands ECI’s presence in Europe with the most complete residential construction and craft business management software portfolio in the Netherlands.

FORT WORTH, Texas–(BUSINESS WIRE)–ECI Software Solutions, a global provider of cloud-based business management software and services, announced today it has completed the acquisition of Treetop Group, a software company specialized in business software solutions for the residential construction and craft industry in the Netherlands. This marks ECI’s first acquisition in the residential construction industry outside of North America and expands ECI’s European footprint, further broadening its residential construction software portfolio. Terms of the deal were not disclosed.

“Treetop empowers business owners through modern technology and automation that addresses the unique business challenges of the Dutch residential construction industry. ECI’s heritage as a leader in residential construction industry software and Treetop’s many decades of experience and deep, loyal customer base in the Netherlands make a great combination,” said Trevor Gruenewald, CEO of ECI Software Solutions.

Treetop offers a wide range of enterprise resource planning (ERP) software and business applications that cater to the needs of small to medium-sized businesses (SMBs) in the residential construction and crafts sector in the Netherlands. Treetop has been formed through a selective buy-and-build strategy with support from its majority stakeholder, Nedvest.

“I am proud of what we have achieved together with the Treetop team. I want to take this opportunity to thank all the people at Treetop for their dedication and energy to grow and build the company over the recent years. We know ECI well and consider them to be the ideal partner to support Treetop in further cementing its position as a market leader in the construction software ecosystem,” said Maarten van der Vlist, partner at Nedvest.

Treetop plans to launch a new cloud product in 2024: Treetop Online, a cloud-native ERP software solution designed to manage construction business processes in real time for smaller construction and craft companies.

Treetop’s existing products include: Admicom, an all-in-one ERP software built specifically for SMB construction companies; Kraan, an ERP software platform for mid-market construction companies; Technosoft, a 2D/3D building design software for constructors; TreeICT, a managed services company; HomeDNA, an expert system that streamlines customer and quality processes in the construction industry; and Frank, a construction software application that supports those who are self-employed in construction.

“ECI has forged an enduring path in the residential construction software industry, anchored by a proven track record and unmatched expertise,” said Geert-Jan den Besten, CEO of Treetop. “As this industry continues to evolve and modernize, ECI remains steadfast in its mission to empower and elevate its customers with investments in innovation, a top-notch R&D team and global support for customer growth. As Treetop and ECI join forces, we look forward to continuing the customer-centric approach that has defined Treetop’s success.”

With more than 3,000 customers, ECI Europe already has a growing presence in the Dutch manufacturing industry. Applying industry knowledge, ECI helps drive customer growth with innovative software solutions in the areas of ERP, finance, CAD/CAM, supply chain, shopfloor control, field service and business analytics. The strategic acquisition of Treetop further expands ECI’s portfolio and industry expertise in the region.

To learn more about ECI, visit its website.

About ECI Software Solutions

ECI Software Solutions provides cloud-based business software for running small and mid-sized businesses end to end. Built by experts in manufacturing, residential construction, service management, building supply, office technology and wholesale/retail distribution industries, ECI’s industry-specific software connects businesses and customers, improving visibility, operational efficiency and profitability. With ECI, businesses seamlessly integrate sales and marketing, business intelligence, CRM, data and analytics, ecommerce, mobile apps and payment processing. With more than 30 years of industry leadership, ECI is trusted by 24,000 customers in more than 80 countries globally. Headquartered in Westlake, Texas, it has offices in the U.S., Canada, Mexico, United Kingdom, the Netherlands and Australia. For more information, visit ECIsolutions.com.

About Nedvest

Nedvest is a family-run business based in Amsterdam, recognized for its active involvement as a shareholder in the companies it supports. Concentrating on investments in the Netherlands, Nedvest employs a hands-on approach and brings a wealth of experience to its partnerships. This has led to (international) deals and successful exits across a diverse range of industries. Nedvest has shown versatility and commitment to nurturing and driving growth in businesses of various sectors and is currently focusing on the digital economy within its existing portfolio. For more information, visit Nedvest.

Contacts

Brittni Borrero

Gabriel Marketing Group (for ECI Software Solutions)

Phone: +1-248-931-3418

Email: brittnib@gabrielmarketing.com

TORONTO–(BUSINESS WIRE)–DREAM IMPACT TRUST (TSX: MPCT.UN) (“Dream Impact” or the “Trust”) today announced its December 2023 monthly distribution in the amount of 5.333 cents per Unit (64 cents annualized). The December distribution will be payable on January 15, 2024 to unitholders of record as at December 29, 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 December 2023 monthly distribution of 8.333 cents per REIT Unit, Series A ($1.00 annualized). The December distribution will be payable on January 15, 2024 to unitholders of record as at December 29, 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)–Workers and students from across the University of Toronto campuses will come together for a Holiday Solidarity Rally in front of Simcoe Hall at 3:00 p.m. on Monday, December 18.

The historic rally will see members of the university’s academic union, CUPE 3902, its maintenance and custodial union, CUPE 3261, and library workers represented by CUPE 1230 and students together.

Together, the three locals of the Canadian Union of Public Employees will voice their wish for respect, dignity and a living wage for University of Toronto workers.

Collectively, the three locals represent some 8,000 workers who are in negotiations with the University. They include caretakers, food service workers, library staff, student casuals, postdocs, teaching assistants, contract and sessional instructors, and many others.

All three CUPE locals have filed for conciliation.

Highlights include a performance by the CUPE 3902 Labour Choir, and workers and students delivering their holiday wishes to the University’s Governing Council.

WHO: CUPE locals 3902, 3261 and 1230

WHAT: Holiday Solidarity Rally

WHEN: 3-4:30 p.m., Monday, December 18

WHERE: Simcoe Hall, King’s College Circle, University of Toronto.

lf/cope491

Contacts

Craig Saunders, CUPE Communications, 416-576-7316

IRVINE, Calif.–(BUSINESS WIRE)–Dahua Technology, a global leader in innovative security solutions, has announced the launch of its state-of-the-art video access controller. This cutting-edge device aims to redefine residential access control systems by incorporating advanced security technology and intuitive user-friendly features, ensuring a new level of security for residential environments.

Installation contractors can leverage this advanced security product – the DHI-ASI8213SA-W video controller – to provide immense value to their clients, including small and medium-sized business owners, factories, casinos, and warehouses.

Setting itself apart from existing products in the market, the DHI-ASI8213SA-W excels through its seamless integration into the DSS Pro platform while still functioning as a standalone product. This unique capability not only ensures a smooth transition for users but also eliminates the need for additional software purchases, resulting in significant cost savings for clients.

The DHI-ASI8213SA-W video access controller, equipped with the cutting-edge Android 11 operating system, offers a seamless integration platform for third-party applications, delivering an all-encompassing and adaptable security solution. This advanced device supports various identification methods, including face detection+, card reading, password entry, and QR code access.

“Our DHI-ASI8213SA-W redefines residential security by combining seamless entry with the convenience of multiple unlock methods, including face detection+, card reading, password, and the highly demanded QR code access, accommodating residents’ fast-paced lifestyles,” said Kevin Sok, Product Marketing Manager at Dahua Technology.

If residents find themselves in a situation where they are in a hurry and accidentally locked themselves outside, there is no need to worry. Our system offers a convenient solution for individuals to swiftly reach out to their Homeowners’ Association (HOA) and receive prompt assistance. Residents can easily contact the HOA using our device via the Dahua indoor monitor (VTH) or the VMS platform, DSS Pro v8. Following the call, the HOA can generate a temporary QR code for access.

Moreover, the device’s noteworthy feature of displaying rotating advertisements presents an excellent opportunity to effectively communicate HOA regulations and community updates to all residents. This ensures that important information reaches every corner of the community, enhancing awareness and cooperation among residents in adhering to HOA guidelines.

Key Features and Benefits:

Intuitive User Interaction: Featuring an 8-inch LCD display with a high-definition resolution of 800 x 1280, the DHI-ASI8213SA-W provides clear and intuitive user interactions, keeping residents informed and in control.

Crystal-Clear Video Quality: Equipped with a 2MP dual-lens CMOS camera and True Wide Dynamic Range (WDR) of 120 dB, this device delivers unparalleled video clarity in various lighting conditions, ensuring accurate identification.

Ample Storage Capacity: With storage capacity for up to 100,000 users, 100,000 faces, 500,000 cards, 50 administrators, and a log of 300,000 records, the DHI-ASI8213SA-W caters to large user bases and ensures efficient management.

Multiple Unlocking Methods: The video access controller offers multiple unlocking methods, including facial detection+ within a distance ranging from 0.98 ft to 9.84 ft, ensuring efficient and reliable entry for residents.

Face Detection+ Technology: With a remarkable 99.9% accuracy rate and an average comparison time of just 0.2 seconds, the DHI-ASI8213SA-W’s Face Detection+ technology combines accuracy and speed for seamless access control.

The product operates on a 12V DC, 2A power supply and offers flexible user management. Users can be enrolled directly at the device through face detection setup or by using the DSS Pro system, ensuring efficiency and convenience.

The product will be available through Dahua’s local distributors starting in November. The manufacturer’s suggested retail price (MSRP) for this video access controller is $1399.99 USD and $1931.99 CAD.

About Dahua Technology USA

Dahua Technology USA Inc. is a subsidiary of Dahua Technology, which is estimated to be the second largest supplier of video security equipment in the world according to the Omdia 2020 Market Share Database. Dahua Technology USA brings high-value, total security solutions to the North American market by focusing on integrity and personal relationships to enhance the customer experience. Dahua Technology’s security solutions, from award-winning cameras to video management software, deliver unparalleled quality, reliability, and stability, providing sales and support throughout the U.S. and Canada.

Contacts

Marketing.usa@dahuatech.com

TORONTO–(BUSINESS WIRE)–The Board of Trustees (the “Board”) of RioCan Real Estate Investment Trust (“RioCan” or the “Trust”) (TSX: REI.UN) today announced that it has made refinements to further align executive compensation with unitholder experience. Subsequent to the non-binding advisory say-on-pay resolution receiving 75.97% support at the Trust’s 2023 annual and special meeting of unitholders, the Board and its People, Culture and Compensation Committee (the “Committee”) undertook a thorough review of the Trust’s executive compensation program and conducted an extensive unitholder outreach initiative.

“The Board and Committee sought unitholder feedback on RioCan’s executive compensation program. Through our unitholder outreach initiative, we engaged in meaningful discussions and have taken important steps to address our unitholders’ feedback. These changes will be effective January 1, 2024,” said Jane Marshall, Chair of the Committee. “We would like to extend our sincerest gratitude to the unitholders who took the time to meet with us. We remain committed to ensuring that our executive compensation program continues to link pay with performance and create long-term unitholder value by attracting and retaining talented executives.”

Between July and November, members of the Committee and the Board met with and solicited feedback from RioCan’s largest unitholders. The Committee reached out to the majority of the Trust’s 40 largest unitholders, representing approximately 39% of RioCan’s outstanding units. To date, the Committee has held 16 meetings with unitholders, representing approximately 23.53% of RioCan’s outstanding units. The Board and Committee intend to continue their leading unitholder outreach program. Since its establishment in 2020, Board members have held 71 meetings with unitholders. The outreach program is a critical element of RioCan’s overall investor relations program and demonstrates RioCan’s ongoing commitment to facilitating meaningful communication with its unitholders and its willingness to respond to the feedback of its Unitholders on governance and compensation related issues.

As a result of the outreach program, the Board and Management have committed to refining the Trust’s compensation program, beginning in 2024. Below is a summary of the changes:

• Double trigger Senior Executive REU Plan: RioCan’s Senior Executive REU Plan (the “REU Plan”) will be amended to require a ‘double trigger’ before permitting REUs to vest upon a change of control. This change means that executive REUs will now require both a termination of the executive’s employment and a change of control to trigger vesting which aligns RioCan with equity plan best-practices.
• Cliff vesting for REUs: The REU Plan will be amended such that REUs will vest 100% following a three-year performance cycle. This change puts further emphasis on the creation of long-term unitholder value.
• Modified peer group: The Committee worked with its independent compensation consultant to redevelop RioCan’s peer group for both compensation and performance measurement to replace peers in the utility sector with more business-relevant peers. RioCan will provide enhanced proxy disclosure of the rationale for the selection of the companies in its peer group.
• Increased focus on ESG: Further focus will continue to be put on establishing short- and long-term compensation metrics that are directly linked to achieving the Trust’s environmental objectives, as well as certain key social and governance objectives that the Board determines to be important.
• Enhanced disclosure: RioCan commits to providing enhanced disclosure in its management information circular, including with respect to the different applications of funds from operations in RioCan’s Executive Management Bonus Plan and long-term incentive program and to the individual objectives within each executive’s scorecard.

Additional details will be provided in RioCan’s Management Information Circular prior to the 2024 annual meeting of unitholders. RioCan remains committed to year-round and meaningful engagement with unitholders. The Committee will continue to assess the Trust’s executive compensation program to align with business goals and unitholder interests.

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.

Contacts

RioCan
Kim Lee

Vice President, Investor Relations

(416) 646-8326

SCOTTSDALE, Ariz.–(BUSINESS WIRE)–Walton Global, a leading asset management and global real estate investment company, is pleased to announce a total of $30.9 million in distributions to investors within the Roll-Up Corporation, WIGI Restructured Bond Corporation, and McConachie Asset Management Corporation.

A significant distribution of $26,339,936 was approved on November 16^th, 2023, by the Walton-managed Roll-Up Corporation (“RUC”) and the distribution was made December 8^th. This is RUC’s sixth dividend paid to its shareholders since the formation of the entity and its second distribution in 2023. This represents an aggregate of $183,899,573, or $2.71 per share, distributed to shareholders to date.

The distribution is a result of RUC’s continued success in the execution of its monetization strategy of land assets across North America. “The outlook for 2024 is anticipated to be successful in terms of exit activity and continued distributions to shareholders as we continue to execute the corporation’s strategy,” said Tony Deegan, Senior Vice President at Walton Global. “There is more than $164 million in projected exits between now and the end of next year.”

A second Walton-managed entity, WIGI Restructured Bond Corporation, has also approved a $3,700,000 distribution to investors. The distribution will be paid on or near December 21^st, 2023. Consistent land transactions over the past number of years have led to an aggregate of $34,275,000 being distributed to investors since the formation of the entity in 2018.

Walton’s McConachie Asset Management Corporation has also just completed a distribution of $919,345 on bonds on November 15^th, 2023. The corporation has made principal and interest payments totaling $66,658,157 to date. The McConachie Community is a residential development project in Edmonton, Alberta where Walton is the Project Manager. “The McConachie project is nearing completion, with the multi-family site, managed by Royal West Homes, being the final stage of the development to be completed,” said Rob Nixon, Senior Vice President of Real Estate. “This has been an exciting project to work on over the years and we are looking forward to fully exiting this project for investors.”

About Walton Global

Walton Global is a privately owned, leading land asset management and global real estate investment company that concentrates on the research, acquisition, administration, planning and development of land. With nearly 45 years of experience, Walton has a proven track record of administering land investment projects within the fastest growing metropolitan areas in North America. The company manages and administers US $3.4 billion in assets on behalf of its global investors, builders, developer clients and industry business partners. Walton has more than 90,000 acres of land under ownership, management and administration in the United States and Canada with business lines ranging from exit-focused pre-development land investments to builder land financing. For more information visit walton.com.

Contacts

MEDIA CONTACT:
Hamilton McCulloh

Allison Worldwide

1-206-910-9797

waltonglobal@allisonworldwide.com

TORONTO–(BUSINESS WIRE)–$KNR #esg—Kontrol Technologies Corp. (NEO:KNR) (OTCQB:KNRLF) (FSE:1K8) (“Kontrol” or the “Company”), adds a carbon sequestration monitoring Customer (the “Customer”) to its industrial emissions platform. The Company will provide real time monitoring for its Customer to support the development and integration of carbon sequestration solutions at a large industrial facility in Ontario, Canada.

“The market around carbon sequestration is taking hold as large industrial emitters may face financial penalties if they are unable to meet their emission targets,” says Paul Ghezzi, CEO of Kontrol. “Many large industrial emitters are moving forward with carbon sequestration plans, and we are pleased to be able to support the growth of this new opportunity with real-time monitoring solutions which can monitor and measure various emissions and emission levels.”

According to Natural Resources Canada, in response to the climate imperative, global momentum in the carbon management sector has grown substantially in recent years, with over 570 carbon capture, utilization, and storage (CCUS) projects in development. By 2030, 368 projects are expected to be operational, with an anticipated capacity to capture 743 Mt of CO2 per year. www.natural-resources.canada.ca/climate-change

The Customer will not be named for industry competitive reasons.

Kontrol Technologies Corp.

Kontrol Technologies Corp., a Canadian public company, is a leader in smart buildings and cities through IoT, Cloud and SaaS technology. Kontrol provides solutions and services to its customers to improve energy management, monitor continuous emissions and accelerate the sustainability of all buildings. Additional information about Kontrol Technologies Corp. can be found on its website at www.kontrolcorp.com and by reviewing its profile on SEDAR at www.sedar.com.

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Neither IIROC nor any stock exchange or other securities regulatory authority accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

This news release contains “forward-looking information” within the meaning of applicable securities laws. All statements contained herein that are not clearly historical in nature may constitute forward-looking information. In some cases, forward-looking information can be identified by words or phrases such as “may”, “will”, “expect”, “likely”, “should”, “would”, “plan”, “anticipate”, “intend”, “potential”, “proposed”, “estimate”, “believe” or the negative of these terms, or other similar words, expressions, and grammatical variations thereof, or statements that certain events or conditions “may” or “will” happen, or by discussions of strategy. Forward-looking information contained in this press releases includes, but is not limited to, the following: future emission monitoring solutions and products to be offered by Kontrol for its potential customers; that the future success of any of Kontrol’s products; and customer demand relating to continuous emissions. Where Kontrol expresses or implies an expectation or belief as to future events or results, such expectation or belief is based on assumptions made in good faith and believed to have a reasonable basis. Such assumptions include, without limitation, that sufficient capital will be available to the Company; that the anticipated timing of implementing continuous emission monitoring solutions for Customers will go as planned; and that demand will continue for continuous emission monitoring technology and for the Company’s products in particular. Accordingly, undue reliance should not be placed on forward-looking statements and the forward-looking statements contained in this press release are expressly qualified in their entirety by this cautionary statement. The forward-looking statements contained herein are made as at the date hereof and are based on the beliefs, estimates, expectations, and opinions of management on such date. Kontrol does not undertake any obligation to update publicly or revise any such forward-looking statements or any forward-looking statements contained in any other documents whether as a result of new information, future events or otherwise or to explain any material difference between subsequent actual events and such forward-looking information, except as required under applicable securities law. Readers are cautioned to consider these and other factors, uncertainties, and potential events carefully and not to put undue reliance on forward-looking information.

Contacts

Paul Ghezzi

CEO

Kontrol Technologies

paul@kontrolcorp.com

TORONTO–(BUSINESS WIRE)–Primaris Real Estate Investment Trust (“Primaris REIT”) (TSX: PMZ.UN) announced today that its Board of Trustees has declared a distribution of $0.07 per unit for the month of December, 2023, representing $0.84 per unit on an annualized basis. The distribution will be payable on January 15, 2024 to unitholders of record on December 29, 2023.

About Primaris REIT

Primaris is Canada’s only enclosed shopping centre focused REIT, with ownership interests primarily in the leading enclosed shopping centres in growing markets. The current portfolio totals 12.5 million square feet valued at approximately $3.9 billion at Primaris’ share. Economies of scale are achieved through its fully internal, vertically integrated, full-service national management platform. Primaris is very well-capitalized and is exceptionally well positioned to take advantage of market opportunities at an extraordinary moment in the evolution of the Canadian retail property landscape.

Contacts

Alex Avery

Chief Executive Officer

416-642-7837

aavery@primarisreit.com

Rags Davloor

Chief Financial Officer

416-645-3716

rdavloor@primarisreit.com

Tim Pire

Chair of the Board of Trustees

chair@primarisreit.com

TSX: PMZ.UN

www.primarisreit.com

ecobee smart thermostats now integrate with Generac Propane Tank Monitors as part of the companies’ single energy management hub for the home

TORONTO–(BUSINESS WIRE)–ecobee, together with parent company Generac Power Systems, Inc. (NYSE: GNRC), a leading global designer and manufacturer of energy technology solutions and other power products, today announced that all ecobee smart thermostats released since 2014 can now integrate with Generac 4G LTE Cellular Propane Tank Monitors to easily monitor fuel levels in the propane tank right from the smart thermostat screen. This integration marks the latest milestone in ecobee and Generac’s mission to create a more comfortable, secure, resilient, and efficient home energy ecosystem.

The Generac Propane Tank Monitor is a small, cellular device that attaches to the outside of the propane tank and monitors the amount of remaining fuel, helping homeowners avoid fuel run outs and plan for deliveries. The device is available through Generac Power Products, Generac dealers, and home improvement and online retailers. Through the new integration, ecobee smart thermostat owners who have a Generac Propane Tank Monitor and subscribe to tank monitoring in Mobile Link, can easily monitor fuel levels from their thermostat and receive real-time alerts when the tank is running low. The ecobee smart thermostat also sends alerts if the monitor falls offline or needs new batteries so homeowners are always informed and prepared.

“As both ecobee and Generac look toward creating a more unified and efficient smart home, we are excited to continue expanding upon our integration capabilities,” said Greg Fyke, President of ecobee. “By integrating our ecobee smart thermostats with Generac Propane Tank Monitors, we are providing customers with added peace of mind and more control over their home energy usage.”

The integration is now available in all ecobee smart thermostat models released since 2014 – ecobee3, ecobee3 lite, ecobee4, SmartThermostat with Voice Control, Smart Thermostat Enhanced, and Smart Thermostat Premium – and is compatible with all connected Generac Propane Tank Monitors for customers who are subscribed to tank monitoring in Mobile Link. Customers can also choose their notification settings on their thermostat or opt out at any time from within the Mobile Link app.

This is the second integration between ecobee and Generac – ecobee smart thermostats released since 2014 are already compatible with Generac home standby generators – as the companies look toward making energy management more seamless and convenient.

“This integration marks another milestone in our goal to create a single energy hub for the home,” said Kyle Raabe, executive vice president of Consumer Power at Generac Power Systems. “By integrating fuel monitoring and ecobee smart thermostats, we’re helping customers simplify monitoring their home’s energy needs and giving peace of mind that their generators are ready to power on in an outage.”

For more information about ecobee smart thermostats, visit www.ecobee.com. For more information about Generac home standby generators or Generac Propane Tank Monitors, visit www.generac.com.

About ecobee

ecobee Inc. was founded in 2007 with a mission to improve everyday life while creating a more sustainable world. Since launching the world’s first smart thermostat, ecobee has helped customers across North America save more than 28 TWh of energy, which is the equivalent of taking all the homes in Los Angeles and Chicago off the grid for a year. Today, ecobee continues to innovate with smart home solutions that solve everyday problems with comfort, security, and conservation in mind. With ecobee’s devices and services, including the Smart Security system and the award-winning Smart Thermostat Premium, ecobee continues to encourage Smart Owners to imagine what home could be. In 2021, ecobee joined Generac Holdings Inc. (NYSE: GNRC), a leading global designer and manufacturer of energy technology solutions, and other power products. Generac and ecobee share a vision to deliver a cleaner and more sustainable energy future for customers and communities. The Generac and ecobee home of the future will be more comfortable, secure, resilient, and efficient.

About Generac

Generac Power Systems, Inc. (NYSE: GNRC) is a leading energy technology company that provides advanced power grid software solutions, backup and prime power systems for home and industrial applications, solar + battery storage solutions, virtual power plant platforms and engine- and battery-powered tools and equipment. Founded in 1959, Generac introduced the first affordable backup generator and later created the category of automatic home standby generator. The company is committed to sustainable, cleaner energy products poised to revolutionize the 21st century electrical grid.

Contacts

Press:
Fatima Reyes, Senior Communications Manager, ecobee

press@ecobee.com

Group O’Dell Real Estate Team, The Andy Blake Group, Applebaum KC Homes and Long Real Estate Team bring more than 9,000 home sales valued at $2.5 billion

TORONTO & NEW YORK–(BUSINESS WIRE)–In a move that turbocharges Real’s presence throughout the Kansas City metropolitan area, four of the market’s top producing teams – Group O’Dell Real Estate Team, The Andy Blake Group, Applebaum KC Homes and Long Real Estate – recently joined forces to make the move to The Real Brokerage Inc. (NASDAQ: REAX). Real, the fastest-growing, publicly traded real estate brokerage, announced the moves today.

Collectively, these teams have sold more than 9,000 homes for a combined value of $2.5 billion. Each brand is well-known throughout the region for their emphasis on relationship building which they leverage to drive repeat and referral business.

“Dan, Maria, Mike, Andy, Jeremy and Tony are all top producers who have each built successful businesses in their own right. By coordinating their collective move, they have transformed Real into a market leader in Kansas City overnight and are making a clear statement that Real offers the best platform for them and other agents to succeed,” said Sharran Srivatsaa, President of Real. “We couldn’t be more pleased to welcome each of them and their teams to the Real family and have them represent the Real brand.”

Group O’Dell Real Estate Team

Led by the husband and wife team of Dan and Maria O’Dell and their son, Mike, Group O’Dell has been a fixture in Kansas City real estate for nearly three decades. Their approach to serve, teach and create long-term relationships has resulted in the sale of more than 5,000 homes valued at $1.5 billion since 1995. In 2022, the seven-agent team ranked No. 5 on the Kansas City Business Journal’s annual ranking of real estate agents based on more than 260 home sales valued at $117 million. Dan and Maria are certified mentors by Buffini & Company, the world’s largest real estate coaching company.

“Few times in life are you able to be at the forefront of something life-changing,” Dan O’Dell said about his team’s decision to join Real. “We’ve spent our careers serving our clients by selling one house at a time and giving back by coaching others to make the industry better. Real will allow us to continue to do all that on a bigger platform, while exposing our team to the best training so they stay ahead of the curve.”

The Andy Blake Group

Ranked No, 14 by the Kansas City Business Journal based on 250 home sales totaling $85 million in 2022, Andy Blake bought his first home as an investment at age 22. He earned his real estate license in 2007, and has grown his business exclusively through word of mouth. Since forming The Andy Blake Group in 2013, the nine-agent team has sold more than 1,600 homes valued at more than $500 million.

“Real’s cloud-based model is where the real estate industry is going and the company’s model is attractive to top producers,” Blake said. “In addition to joining forces with three Kansas City teams who have built a reputation for doing business the right way, being a part of Real provides an opportunity to be around thousands of like-minded people who take pride in their business.”

Applebaum KC Homes

Run by the husband and wife team of Jeremy and Liron Applebaum, Applebaum KC Homes bring four agents to Real. Jeremy began his real estate career in 1996 working for American Dream Homes, one of Kansas City’s largest home builders, which was founded by his father, Victor Applebaum. It’s this homebuilding experience and ability to determine what needs to be addressed at a property that has differentiated him with buyers and sellers and enabled him to build a business based solely on referrals. Applebaum KC Homes sold more than 125 homes valued at approximately $50 million in 2022, placing the team at No. 34 on the Kansas City Business Journal’s annual ranking of top real estate professionals. Since 2012, KC Applebaum Homes has sold more than 1,300 homes.

“Real’s been on our radar for more than a year as a company that is doing things differently. We were especially attracted to the company’s culture of cooperation and collaboration from coast to coast. The business and market are changing and Real offers the platform to learn from the best as well as share what works and what doesn’t with others,” Jeremy Applebaum said. “For us, it was important to partner with other top producers to grow our business and those of agents around us. What we are doing with the Group O’Dell, Andy Blake Group and Long Real Estate allows us to show Kansas City how top producers are coming together to form one big family to move the industry forward into its next chapter.”

Long Real Estate

An 18-year industry veteran, Tony Long joined Group O’Dell as an agent following his graduation from college. He formed Long Real Estate five years later in 2013. The four-agent team, which also includes top producers David Barraza, Chad Green and Adrienne Towner, prides itself on building a successful relationship-based business. Since 2006, Long Real Estate has sold more than 1,100 homes, including 130 valued at $48 million in 2022, ranking the team in the top 1% in the region.

“The future of real estate is cloud-based, and Real offers a culture where agents are encouraged to cooperate with and learn from each other,” Long said. “Real also provides the tools that allow agents to not just sell a bunch of homes today, but also plan for their financial future through stock options and revenue-sharing.”

About Real

Real (NASDAQ: REAX) is a real estate experience company working to make life’s most complex transaction simple. The fast-growing company combines essential real estate, mortgage and closing services with powerful technology to deliver a single seamless end-to-end consumer experience, guided by trusted agents. With a presence in all 50 states throughout the U.S. and Canada, Real supports more than 13,000 agents who use its digital brokerage platform and tight-knit professional community to power their own forward-thinking businesses.

Forward-Looking Information

This press release contains forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking information is often, but not always, identified by the use of words such as “seek”, “anticipate”, “believe”, “plan”, “estimate”, “expect”, “likely” and “intend” and statements that an event or result “may”, “will”, “should”, “could” or “might” occur or be achieved and other similar expressions. These statements reflect management’s current beliefs and are based on information currently available to management as of the date hereof. Forward-looking information in this press release includes, without limiting the foregoing, expectations regarding Real’s ability to continue to attract agents. Forward-looking information is based on assumptions that may prove to be incorrect, including but not limited to Real’s business objectives, expected growth, results of operations, performance, business projects and opportunities and financial results. Real considers these assumptions to be reasonable in the circumstances. However, forward-looking information is subject to known and unknown risks, uncertainties and other factors that could cause actual results, performance or achievements to differ materially from those expressed or implied in the forward-looking information. Important factors that could cause such differences include, but are not limited to, slowdowns in real estate markets, economic and industry downturns and Real’s ability to attract new agents and retain current agents. These factors should be carefully considered and readers should not place undue reliance on the forward-looking statements. Although the forward-looking statements contained in this press release are based upon what management believes to be reasonable assumptions, Real cannot assure readers that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this press release, and Real assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law.

Contacts

Investor inquiries:

Ravi Jani

Vice President, Investor Relations and Financial Planning & Analysis

investors@therealbrokerage.com
908.280.2515

For media inquiries, please contact:

Elisabeth Warrick

Senior Director, Marketing, Communications & Brand

elisabeth@therealbrokerage.com
201.564.4221

Or

Janice McDill

Janice.mcdill@therealbrokerage.com
312.307.3134