TORONTO–(BUSINESS WIRE)–DREAM RESIDENTIAL REAL ESTATE INVESTMENT TRUST (TSX:DRR.U) (“Dream Residential REIT” or the “REIT”) announced that, at its annual meeting of unitholders (the “Meeting”) held today, all of the nominees for election as trustees of the REIT (the “Trustees”) referred to in its management information circular for the Meeting were elected. Votes cast on this matter were as follows:

Nominee	Votes For	% Votes For	Votes Withheld	% Votes Withheld
Leonard Abramsky	4,436,189	76.61	1,354,396	23.39
P. Jane Gavan	5,784,885	99.90	5,700	0.10
Fahad Khan	5,784,355	99.89	6,230	0.11
Brian Pauls	5,784,355	99.89	6,230	0.11
Vicky Schiff	5,785,785	99.92	4,800	0.08

At the Meeting, PricewaterhouseCoopers LLP was appointed auditor of the REIT and its subsidiaries for the ensuing year, and the Trustees were authorized to fix the remuneration of the auditor.

The REIT is pleased to announce the appointment of Mr. Brian Pauls as Chief Executive Officer of the REIT effective June 6, 2023.

About Dream Residential REIT

Dream Residential REIT is an unincorporated, open-ended real estate investment trust established and governed by the laws of the Province of Ontario. The REIT owns an initial portfolio of 16 garden-style multi-residential properties, consisting of 3,432 units primarily located in three markets across the Sunbelt and Midwest regions of the United States. For more information, please visit www.dreamresidentialreit.ca.

Contacts

Dream Residential REIT

Brian Pauls
Chief Executive Officer

(416) 365-2365

bpauls@dream.ca

Derrick Lau
Chief Financial Officer

(416) 365-2364

dlau@dream.ca

Scott Schoeman
Chief Operating Officer

(303) 519-3020

sschoeman@dream.ca

More than three quarters of Canadians feel that technology is necessary to improve the real estate buying and selling process in the country.

TORONTO–(BUSINESS WIRE)–Today, Doormat, Ontario’s real estate lawyer, enhancing the client experience and streamlining the legal process with advanced technology solutions, has announced it has raised $1.25M in pre-seed funding. Through this, Doormat is bringing much-needed simplicity and ease to the real estate buying and selling process in Canada. Alate Partners led the funding round, with participation from The LegalTech Fund, Erin Bury of Willful, Brandon Chu formerly of Shopify, alongside additional angel investors.

In Canada, a legal professional is an essential part of a real estate transaction, and yet, this component of the industry hasn’t kept up with the technological advancements seen in other industries. Doormat is on a mission to provide Canadian homeowners, home buyers and home sellers with a better option for their legal real estate needs. Through their online platform, Doormat brings transparency and simplicity to legal real estate services – from home buying and selling to mortgage refinancing to property ownership changes, enabling clients to feel confident and informed. With Doormat, Canadians can tackle the tedious legal tasks involved in the real estate process all from the comfort of their own home.

“When I purchased my first property, I wasn’t aware that I needed a real estate lawyer, and once I went through the lengthy process of finding one, I was confused and uncertain about the entire thing,” said Robert Saunders, CEO and Co-Founder of Doormat. “This confusion inspired the creation of Doormat, as we set out to simplify the real estate journey. By addressing the critical need for accessible legal expertise in property transactions, Doormat empowers home buyers and sellers with the confidence and assurance they deserve. With the housing market slowly experiencing a rebound, we want Canadians to have access to a real estate tool kit and Doormat is a part of that. We are igniting change, driven by a disruptive passion to redefine the way we navigate the world of real estate.”

With real estate being an ongoing hot topic for Canadians, Doormat conducted a bilingual survey hosted on the Angus Reid Forum at the end of May to poll Canadians’ sentiments on the use of technology in the real estate industry alongside Canadians’ comfort level with using a real estate lawyer online. The survey received responses from over 1,500 individuals across Canada.

The real estate industry needs more technology

The conventional methods of buying and selling property prove intricate and overwhelming. This is precisely where Doormat steps in. Now available in Ontario, Doormat’s pioneering approach seamlessly integrates innovative proptech with a personalized service, providing a comprehensive solution that simplifies real estate legal services and ensures accessibility for all.

Traditionally, the real estate market has been associated with complexity and stress. Prospective buyers and sellers often find themselves entangled in convoluted processes, paperwork, and intricate negotiations, leading to frustration and inefficiency with the vast majority of Canadians (82%) feeling that technology is necessary to improve the real estate buying and selling process in Canada.

“Doormat is re-imagining a crucial, yet often overlooked aspect of the home buying journey: the closing process. The team has the right mix of software development, real estate law, and operations expertise to bring much needed innovation to the sector,” said Courtney Cooper, Principal at Alate Partners. “We are impressed by Robert and the team’s vision as well as the support that they have already garnered from industry leaders and legal professionals. We look forward to working with Doormat to bring a better, digital-first real estate lawyer to Canadians.”

Embracing technology for comfort and convenience

Canadians have readily embraced these technological advancements, recognizing the benefits they bring to the home buying and selling experience. With the advancement of digital tools and online platforms like Doormat, individuals are now able to navigate the real estate market with greater ease and confidence. Nearly two-thirds of Canadians (63%) would be comfortable engaging with an online real estate lawyer if it would save them time and money during the home buying and selling process. This stat jumps to 71% when honing in on younger Canadians, which includes the next generation of homeowners, aged 18 to 34.

Doormat combines proptech and legal tech and has created an online solution where homeowners and homebuyers can go for their legal real estate needs. What started with a vision from a software engineer, real estate lawyer, and operations executive is now rounded out by a leading panel of investors, bringing additional expertise in the real estate, legal and tech spaces. Thanks to the strategically-selected investors, the additional capital will help Doormat grow its team and expand the company’s presence throughout Ontario and beyond, improving the overall legal real estate experience and offering greater access to tech-powered solutions.

Visit Doormat.ca to learn more.

ABOUT DOORMAT:

Doormat is Ontario’s real estate lawyer, revolutionizing a critical stage of the homeownership experience through an online personalized experience where buyers and sellers can conveniently communicate, negotiate, and complete their real estate transactions, all within a user-friendly and secure environment. Combining legal tech and proptech, Doormat is evolving the untapped real estate lawyer industry and is dedicated to simplifying the real estate transaction process, starting in Ontario. Through its online platform, Doormat is bringing much-needed simplicity and ease to a complex process and is building a better way to do real estate. To learn more, visit Doormat.ca.

Contacts

MEDIA
Taylor McKibbon

Talk Shop Media

+1 (403) 707 6300

tm@talkshopmedia.com

NOTICE OF CORRECTION TO NCIB DATES 2023-2024

CALGARY, Alberta–(BUSINESS WIRE)–Mainstreet Equity Corp. (“Mainstreet” or the “Corporation”) (TSX:MEQ) announced on May 31, 2023 that the Toronto Stock Exchange (“TSX”) has accepted its notice of intention to make a normal course issuer bid to purchase outstanding common shares of the Corporation (“Shares”) on the open market in accordance with the rules of the TSX. The May 31, 2023 news release incorrectly stated that the bid would commence on June 1, 2023 and terminate on May 31, 2024. The correct date for the commencement of the bid is June 3, 2023 and the bid will terminate on June 2, 2024. All other aspects of the May 31, 2023 release were correct. The information in the May 31, 2023 news release has been updated to correct these dates and is restated in the following paragraphs.

The Corporation is authorized to purchase up to 474,499 Shares under the normal course issuer bid, representing approximately 10% of its public float of issued and outstanding Shares, as of May 20, 2023. As of that date, there were 9,318,818 Shares issued and outstanding. The average daily trading volume of the Shares for the past six months ended April 30, 2023, calculated in accordance with the rules of the TSX, was 2,895 and Mainstreet is subject to a daily repurchase limit of 1,000 Shares. Mainstreet intends to commence the normal course issuer bid on June 3, 2023 and terminate the bid on June 2, 2024 or such earlier time as the bid is completed or terminated at the option of Mainstreet.

All shares purchased under this bid will be purchased in the open market through the facilities of the TSX and/or alternative Canadian trading systems at the prevailing market price at the time of such transaction. Shares acquired under the bid will be cancelled.

Mainstreet intends to acquire Common Shares from time to time in amounts and prices which its management believes are favourable and consistent with prudent economic and financial considerations. During the period between June 1, 2022 and the date hereof, Mainstreet repurchased 17,300 Shares under its previous normal course issuer bid, at an average weighted price of $114.81 per Share, with such repurchases being made through the facilities of the TSX and alternative Canadian trading systems. Mainstreet had approval from the TSX to acquire up to 477,109 Shares under such previous normal course issuer bid.

Mainstreet’s Board of Directors believes that, from time to time, the market price of its Shares may not reflect their underlying value. At such times, the Board of Directors believe that the purchase of Shares for cancellation pursuant to the normal course issuer bid is in the best interests of Mainstreet and its shareholders, as the cancellation of the Shares will increase the value of the remaining Shares.

Forward-Looking Information

Certain statements contained herein constitute “forward-looking statements” as such term is used in applicable Canadian securities laws. These statements relate to, among other things, Mainstreet’s intentions to acquire Shares pursuant to the normal course issuer bid, the timing of such bid and that the repurchase and cancellation of the Shares pursuant to the bid is in the best interests of the shareholders and that it will increase the value of the remaining Shares. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions of future events or performance (often, but not always, using such words or phrases as “expects” or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “estimates” or “intends”, or stating that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved) are not statements of historical fact and should be viewed as forward-looking statements.

Such forward-looking statements are not guarantees of future events or performance and by their nature involve known and unknown risks, uncertainties and other factors, including those risks described in the Corporation’s Annual Information Form under the heading “Risk Factors” and the failure to realize anticipated benefits of the normal course issuer bid, that may cause the actual results, performance or achievements of the Corporation to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Although the Corporation has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, other factors may cause actions, events or results to be different than anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could vary or differ materially from those anticipated in such forward-looking statements. Accordingly, readers should not place undue reliance on forward-looking statements contained herein.

Forward-looking statements are based on management’s beliefs, estimates and opinions on the date the statements are made, and the Corporation undertakes no obligation to update forward-looking statements if these beliefs, estimates or opinions should change, except as required by applicable securities laws or as otherwise described therein.

Certain information set out herein may be considered as “financial outlook” within the meaning of applicable securities laws. The purpose of this financial outlook is to provide readers with disclosure regarding the Corporation’s reasonable expectations as to the anticipated results of its proposed business activities for the periods indicated. Readers are cautioned that the financial outlook may not be appropriate for other purposes.

Contacts

For more information:

Bob Dhillon, Founder, President & CEO
Direct: +1 (403) 215-6063

Executive Assistant: +1 (403) 215-6070

100, 305 10 Avenue SE, Calgary, AB T2G 0W2 Canada

TSX: MEQ

https://www.mainst.biz
https://www.sedar.com

TORONTO–(BUSINESS WIRE)–The Dream group of companies (“Dream”), comprising DREAM UNLIMITED CORP. (TSX: DRM) (“Dream Unlimited”), DREAM OFFICE REIT (TSX: D.UN) (“Dream Office”), DREAM IMPACT TRUST (TSX: MPCT.UN) (“Dream Impact”), DREAM INDUSTRIAL REIT (TSX: DIR.UN) (“Dream Industrial”) and DREAM RESIDENTIAL REIT (TSX: DRR.U) (“Dream Residential”), are proud to announce the release of their 2022 Impact Report and 2022 Sustainability Report.

“Collectively, our Impact and Sustainability Reports showcase our comprehensive approach to generating profits with purpose. We believe our business can create positive and measurable impacts on people and the planet, create new business opportunities and deliver stakeholder value,” said Michael Cooper, Chief Responsible Officer, Dream Unlimited. “In 2022, we took action to deliver on our net zero commitments, created the Dream Community Foundation and increased the number of affordable units in our pipeline.”

The third annual Impact Report, available here highlights significant progress across three core impact verticals – environmental sustainability and resilience, attainable and affordable housing, and inclusive communities.

Highlights of the 2022 Impact Report include:

• Reporting on select Key Performance Indicators progress using the Dream Impact Management System for $3.9 billion of qualifying impact assets from Dream Impact, Dream Office and Dream Unlimited, as well as the private Dream Impact Fund;
• Continuing operational and capital project programs to reduce greenhouse gas emissions, energy usage and water consumption across the qualifying impact assets by 35%, 41% and 51%, respectively, vs 2019 baselines;
• Increasing the total affordable rental units across the Dream group of companies (including development pipeline) to 2,772, which are projected to save tenants $47.3 million in annual rent (compared to market rents); and
• Providing the first update on the Social Procurement Strategy, showcasing $6.7 million spent on diverse vendors and $22.6 million spent on local vendors, exceeding initial targets for spending on tracked projects for equity-seeking groups and local, independent, and/or socially responsible businesses.

This year’s Sustainability Report, available here is a full update on Dream’s best-in-class approach to Environmental, Social and Governance (“ESG”), and reports on performance, practice and initiatives.

Highlights of the 2022 Sustainability Report include:

• Dream Unlimited, Dream Impact, Dream Office and Dream Industrial publishing their Net Zero by 2035 Action Plan with a detailed implementation plan and interim milestones to reduce Scope 1, Scope 2, and select Scope 3 GHG emissions;
• Dream Unlimited submitting its first progress report to Net Zero Asset Managers initiative with 61% of Dream’s total assets under management committed to be managed in line with net zero by 2035;
• Dream Unlimited being recognized as a three-time honouree of the Globe and Mail’s Report on Business “Women Lead Here” program that benchmarks gender parity (2020, 2021, 2022);
• Increasing alignment with the Task Force on Climate-related Financial Disclosures recommendations by integrating responsibility for ESG and impact matters into Dream’s corporate governance framework;
• Dream Unlimited being certified as a Great Place to Work® (2021, 2022) and named one of Canada’s Best Employers for Recent Graduates in 2022 by The Career Directory, which reflects its commitment to creating a positive work culture for all of its employees;
• Dream Office and Dream Impact earning five-star ratings for the second year in a row in the Global Real Estate Sustainable Benchmark and Dream Industrial participating for the first time and achieving full marks in the Leadership, Policies, Reporting, Targets and Data Monitoring and Review categories;
• Dream Office executing $395 million sustainability-linked revolving facilities with performance requirements tied to greenhouse gas emissions intensity and green building certification achievements;
• Dream Industrial increasing its renewable power portfolio by over 13.6 MW; and
• Dream Residential completing its first environmental data baseline with over 97% data coverage for electricity, natural gas and water utility accounts under its operational control.

About Dream Unlimited Corp.

Dream is a leading developer of exceptional office and residential assets in Toronto, owns stabilized income generating assets in both Canada and the U.S., and has an established and successful asset management business, inclusive of $24 billion of assets under management across four Toronto Stock Exchange (“TSX”) listed trusts, our private asset management business and numerous partnerships. We also develop land and residential assets in Western Canada. Dream expects to generate more recurring income in the future as its urban development properties are completed and held for the long term. Dream has a proven track record for being innovative and for our ability to source, structure and execute on compelling investment opportunities. For more information, please visit our website at www.dream.ca.

About Dream Impact Trust

Dream Impact is an open-ended trust dedicated to impact investing. Dream Impact’s underlying portfolio is comprised of exceptional real estate assets reported under two operating segments: development and investment 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

About Dream Office REIT

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.

About Dream Industrial REIT

Dream Industrial REIT is an unincorporated, open-ended real estate investment trust. As at March 31, 2023, Dream Industrial REIT owns, manages and operates a portfolio of 321 assets totalling approximately 70.4 million square feet of gross leasable area in key markets across Canada, Europe, and the U.S. Dream Industrial REIT’s goal is to deliver strong total returns to its unitholders through secure cash flows underpinned by its high-quality portfolio and an investment grade balance sheet as well as driving growth in its net asset value and cash flow per unit. For more information, please visit www.dreamindustrialreit.ca.

About Dream Residential REIT

Dream Residential REIT is an unincorporated, open-ended real estate investment trust established and governed by the laws of the Province of Ontario. The REIT owns an initial portfolio of 16 garden-style multi-residential properties, consisting of 3,432 units primarily located in three markets across the Sunbelt and Midwest regions of the United States. For more information, please visit www.dreamresidentialreit.ca.

Forward-Looking Information

This press release may contain forward-looking information within the meaning of applicable securities legislation, including, among other things, statements regarding our objectives and our strategies to achieve those objectives; our approach to generating profits; our belief that our business can create positive and measurable impacts on people and the planet, create business opportunities and deliver stakeholder value; our ability to achieve our net zero commitments; our development pipeline, including number of affordable units and the resulting projected savings to tenants; our expectations and goals regarding targets to reduce greenhouse gas emissions, energy usage and water consumption, our ability to achieve the milestones set out in the Net Zero by 2035 Action Plan; Dream Unlimited’s expectation that it will generate more recurring income as its urban development properties are completed and held for the long term; Dream Impact’s objective of creating positive and lasting impacts for its stakeholders across its impact verticals while generating returns; and Dream Industrial’s goal of delivering strong returns to its unitholders through secure cashflows and driving growth in its net asset value and cash flow per unit. Forward looking information is based on a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond our control that could cause actual results to differ materially from those that are disclosed in or implied by such forward-looking information. These risks and uncertainties include, but are not limited to, the risk of adverse global market, economic and political conditions and health crises; risks inherent in the real estate industry; risks relating to investment in development projects; impact investing strategy risk; risks relating to geographic concentration; risks inherent in investments in real estate, mortgages and other loans and development and investment holdings; credit risk and counterparty risk; competition risks; environmental and climate change risks; risks relating to access to capital; interest rate risk; inflation; risks associated with unexpected or ongoing geopolitical events, including disputes between nations, terrorism or other acts of violence, international sanctions and the disruption of movement of goods and services across jurisdictions; risks related to a potential economic slowdown in certain of the jurisdictions in which we operate; the risk of changes in governmental laws and regulations; tax risks; foreign exchange risk; acquisitions risk; and leasing risks. Our objectives and forward-looking statements are based on certain assumptions with respect to each of our markets, including that the general economy remains stable; that interest rates and inflation do not increase materially beyond market expectations; that no unforeseen changes in the legislative and operating framework for our business will occur; that we will meet our future objectives, priorities and growth targets; that we receive the licenses, permits or approvals necessary in connection with our projects; that we will have access to adequate capital to fund our future projects, plans and any potential acquisitions; that we are able to identify high quality investment opportunities and find suitable partners with which to enter into joint ventures or partnerships; that we do not incur any material environmental liabilities; that foreign exchange rates do not materially change beyond market expectations; that conditions within the real estate market remain consistent; and that competition for and availability of acquisitions remain consistent with the current climate. All forward-looking information in this press release speaks as of the date of this press release. Dream does not undertake to update any such forward looking information whether as a result of new information, future events or otherwise except as required by law. Additional information about these assumptions and risks and uncertainties is contained in our filings with securities regulators, including the latest annual information forms and MD&As of the members of Dream. These filings are also available at Dream Unlimited’s, Dream Impact’s, Dream Office’s, Dream Industrial’s, and Dream Residential’s websites at www.dream.ca, www.dreamimpacttrust.ca, www.dreamofficereit.ca, www.dreamindustrialreit.ca, and www.dreamresidentialreit.ca, respectively.

Contacts

For further information, please contact:

Dream Unlimited Corp.

Deborah Starkman
Chief Financial Officer

(416) 365-4124

dstarkman@dream.ca

Kimberly Lefever
Director, Investor Relations

(416) 365-6339

klefever@dream.ca

Dream Impact Trust

Meaghan Peloso
Chief Financial Officer

(416) 365-6322

mpeloso@dream.ca

Kimberly Lefever
Director, Investor Relations

(416) 365-6339

klefever@dream.ca

Dream Office REIT

Michael J. Cooper

Chairman and Chief Executive Officer

(416) 365-5145

mcooper@dream.ca

Jay Jiang

Chief Financial Officer

(416) 365-6638

jjiang@dream.ca

Dream Industrial REIT

Brian Pauls
Chief Executive Officer

(416) 365-2365

bpauls@dream.ca

Lenis Quan
Chief Financial Officer

(416) 365-2353

lquan@dream.ca

Alexander Sannikov
President and Chief Operating Officer

(416) 365-4106

asannikov@dream.ca

Dream Residential REIT

Jane Gavan
Chief Executive Officer

(416) 365-6572

jgavan@dream.ca

Derrick Lau
Chief Financial Officer

(416) 365-2364

dlau@dream.ca

Scott Schoeman
Chief Operating Officer

(303) 519-3020

sschoeman@dream.ca

TORONTO & NEW YORK–(BUSINESS WIRE)–The Real Brokerage Inc. (TSX: REAX) (NASDAQ: REAX), the fastest-growing publicly traded real estate brokerage, today announced that Chairman and Chief Executive Officer Tamir Poleg will be presenting at the William Blair 43rd Annual Growth Stock Conference at the Loews Chicago Hotel in Chicago, Illinois on Wednesday June 7, 2023 at 12:40 p.m. CT.

Real’s remarks will be broadcast live and can be accessed by interested parties at the link below, and in the “Investors” section of www.onereal.com.

Date: Wednesday, June 7, 2023

Time: 12:40 p.m. CT

Webcast link: https://wsw.com/webcast/blair79/reax/1941408

About Real

The Real Brokerage Inc. is revolutionizing the residential real estate industry by pairing best-in-class technology with the trusted guidance of the agent-led experience. Real delivers a cloud-based platform to improve efficiencies and empower agents to provide a seamless end-to-end experience for home buyers and sellers. The company was founded in 2014 and serves 47 states, D.C., and four Canadian provinces with over 10,000 agents. Additional information can be found on its website at www.onereal.com.

Contacts

For additional information:

Jason Lee

Vice President, Capital Markets & Investor Relations

investors@therealbrokerage.com
908.280.2515

For media inquiries:

Elisabeth Warrick

Director, Communications

elisabeth@therealbrokerage.com
201.564.4221

TORONTO & NEW YORK–(BUSINESS WIRE)–$REAX #therealbrokerage–The Real Brokerage Inc. (TSX: REAX) (NASDAQ: REAX), the fastest-growing publicly traded real estate brokerage, today announced it has launched operations in South Dakota, expanding the company’s presence to 47 states and four Canadian provinces.

Josh Boschee, who serves as Real’s Principal Broker in North Dakota, also will assume responsibility for South Dakota. Real opens for business in South Dakota with the top-producing Christians Team Real Estate. The 16-member team, which is led by Jeff Christians, includes six agents who serve the Rapid City/Spearfish metropolitan area and two agents who are based in Phoenix.

“With relatively affordable housing and access to some of the best trails and lakes for year-round outdoor activities, South Dakota was one of the top 10 movers states in 2022¹. Real’s expansion into this growing housing market allows our agents to better serve their clients,” Real Chairman and Chief Executive Officer Tamir Poleg said. “We are thrilled to be launching our operations in South Dakota with an experienced broker like Josh as well as Jeff and his team, who not only know the market well, but who represent the region’s largest new home builders.”

Boschee said, “It’s exciting to be rounding out Real’s presence in America’s heartland. The company’s tech-powered platform and resources that are tailored to support the success of its agents will resonate in South Dakota, where the entrepreneurial spirit is alive and well.”

Ranked as one of the top teams serving the Northern Black Hills, Christians Team Real Estate has sold more than 1,400 homes over the past nine years. The team specializes in new construction, leveraging its relationships with the region’s leading developers to provide its clients with a seamless process that allows a buyer to move into their new home before closing on their old one. In 2022, Christians Team Real Estate sold 238 homes totaling $82 million.

“The move to Real made a lot of sense for our team. By leaning into technology and keeping overhead low, I believe Real is able to offer some of the most competitive compensation in the industry and still offer a robust platform for agents. In addition, through Real’s revenue sharing program, our agents have access to an additional source of income designed to build long-term wealth,” said Christians.

¹According to United Van Lines 46^th Annual National Movers Study.

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 at the date hereof. Forward-looking information in this press release includes, without limiting the foregoing, expectations regarding Real’s business and strategic plans for the Company.

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.

About Real

The Real Brokerage Inc. (TSX: REAX) (NASDAQ: REAX) is revolutionizing the residential real estate industry by pairing best-in-class technology with the trusted guidance of the agent-led experience. Real delivers a cloud-based platform to improve efficiencies and empower agents to provide a seamless end-to-end experience for home buyers and sellers. The company was founded in 2014 and serves 47 states, D.C., and four Canadian provinces with over 10,000 agents. Additional information can be found on its website at www.onereal.com.

Contacts

Investor inquiries:

Jason Lee

Vice President, Capital Markets & Investor Relations

investors@therealbrokerage.com
908.280.2515

For media inquiries:

Elisabeth Warrick

Director, Communications

elisabeth@therealbrokerage.com
201.564.4221

TORONTO & NEW YORK–(BUSINESS WIRE)–The Real Brokerage Inc. (the “Company” or “Real”) (TSX: REAX) (NASDAQ: REAX), the fastest growing publicly traded real estate brokerage, today announced that the Toronto Stock Exchange (“TSX”) has approved the Company’s normal course issuer bid (the “NCIB”).

Pursuant to the NCIB, Real may purchase up to 9,006,526 of its common shares (“Common Shares”), representing approximately 5% of its issued and outstanding Common Shares of 180,130,539 as of May 18, 2023. The NCIB will be conducted during the twelve-month period commencing May 29, 2023 and ending May 28, 2024.

Under the NCIB, other than purchases made under block purchase exemptions, Real may purchase up to 2,826 Common Shares on the TSX during any trading day, which represents approximately 25% of 11,304, which represents the average daily trading volume on the TSX for the most recently completed six calendar months prior to the TSX’s acceptance of the notice of the NCIB.

The Company has established a Restricted Share Unit Plan (“RSU Plan”), an omnibus incentive plan (the “Omnibus Plan”) and an amended and restated omnibus incentive plan (the “A&R Plan” and together with the RSU Plan and the Omnibus Plan, the “Plans”) for the benefit of designated participants. Designated participants are employees, officers or consultants of the Company or a related entity of the Company as the Company’s board of directors may designate from time to time as eligible to participate in Plans. Under the Plans, vested restricted share units (“RSUs”) are redeemable for Common Shares, a cash payment equivalent to the value of a Common Share or a combination of cash or Common Shares. The Plans provides that Common Shares available to satisfy such redemption will be acquired on the market. The NCIB is being conducted to acquire the Common Shares for the purposes of the Plans.

In April 2021, Real appointed CWB Trust Services (“CWT”) as the trustee for the purposes of arranging for the acquisition of the Common Shares and to hold Common Shares in trust for the purposes of the Plans as well as deal with other administration matters. Through CWT, RBC Capital Markets (“RBCCM”) has been engaged to undertake purchases under the NCIB for the purposes of the Plans.

The Common Shares acquired will be held by the CWT until the Common Shares are transferred to the designated participants or sold in the market with the proceeds to be transferred to designated participants under the terms of the Plans to satisfy the Company’s obligations in respect of redemptions of vested RSUs held by such designated participants.

Although the Company intends to purchase Common Shares under the NCIB, there can be no assurances that any such purchases will be completed. Any purchases made under the normal course issuer bid will be made by Real at the prevailing market price at the time of acquisition and through the facilities of the TSX, Nasdaq and alternative Canadian trading systems. The Company may rely on an automatic purchase plan during the NCIB. The automatic purchase plan would allow for purchases by the Company of Common Shares during certain predetermined blackout periods, subject to certain parameters and approval of the TSX.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States.

The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

About Real

The Real Brokerage Inc. is revolutionizing the residential real estate industry by pairing best-in-class technology with the trusted guidance of the agent-led experience. Real delivers a cloud-based platform to improve efficiencies and empower agents to provide a seamless end-to-end experience for home buyers and sellers. The company was founded in 2014 and serves 46 states, D.C., and four Canadian provinces with over 10,000 agents. Additional information can be found on its website at www.onereal.com.

Forward-Looking Information

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

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 not purchasing a portion, or all of, the Common Shares that Real may purchase under the NCIB. 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

For additional information, please contact:

Jason Lee

Vice President, Capital Markets & Investor Relations

investors@therealbrokerage.com
908.280.2515

For media inquiries, please contact:

Elisabeth Warrick

Director, Communications

elisabeth@therealbrokerage.com

A lack of skilled workers and several large government infrastructure projects are making it difficult for the Canadian construction industry to recover

VANCOUVER, British Columbia–(BUSINESS WIRE)–Global construction consultant Linesight today released its Canada Country Insight and Commodity Report for Q1 2023.

While the report predicts moderate economic growth in Canada and a return to normal commodity escalation, the construction industry is expected to contract by 0.9% in 2023 due to reduced residential output, elevated construction costs, and a shortage of skilled labor. While supply chain pressures are easing out, we continue to experience long lead times for generators and specialist electrical equipment.

Canada’s industrial construction sector is expected to remain robust, with a forecasted growth of 14.9% in 2023, supported by increased investment and permits for industrial construction, as well as the government’s efforts to establish Canada as an industrial hub. The life sciences sector is also expected to grow due to investor interest and government policy support.

Patrick Ryan, Executive Vice President for the Americas at Linesight, says, “The reduction in inflation rates is positive for the industry and the outlook is improving with lower energy costs, improved supply chain conditions and significant growth in infrastructure and mission critical investments. However, the ongoing lack of skilled workers in Canada continues to pose a risk for the construction industry.”

The data in the report suggest that:

• Lumber prices have continued to drop in recent months from the highs reached in the first half of last year primarily as a result of the decreasing demand in the residential sector.
• Higher energy costs have been a key factor in the recent upward trend in cement and aggregates prices. Increased environmental regulations on production will contribute to further upward pressure on prices in the coming quarters.
• In addition to improved demand for steel, prices rose on the back of higher input costs, lower import volumes and reports of domestic mill production delays. However, with supply improving, prices are set to fall from recent highs posted in late March.
• Diesel prices dropped below CA$7 per gallon in March for the first time since February last year. With further drops in diesel prices will be contained.

“The residential construction continues to slow,” says Ryan, “but government investment in key sectors such as industrial will help boost the industry as a whole provided there is some easing of the current skilled labor shortages which is curtailing the growth opportunities.”

To request the full report, please click here.

About Linesight

Linesight is a multinational construction consultancy firm with over 48 years’ experience, providing cost, schedule, program, and project management services to a multitude of sectors including Life Sciences, Commercial, Data Centers, High-Tech Industrial, Residential, Hospitality, Healthcare, and Retail. Linesight’s specialist project teams, each with specific skills and experience, provide better predictability of project outcomes, faster project delivery, greater cost efficiency, and maximum monetary value for its clients. For further information, please visit http://www.linesight.com.

Contacts

Media Contact

Cameron Thomas

E: cameron@verbfactory.com
T: 416 660 9801

DUBLIN–(BUSINESS WIRE)–IPS-Integrated Project Services, LLC, a leading provider of engineering, procurement, construction management, and validation (EPCMV) services, congratulates WuXi Biologics Ireland Limited (WuXi Biologics) for receiving a Facility of the Year Award (FOYA) from The International Society for Pharmaceutical Engineering (ISPE) in the Operations category for their Large-Scale Manufacturing Facility in Mullagharlin, Dundalk, Ireland. The IPS team of experts provided a range of services for the project, including process design, engineering, architecture, construction management, and validation support.

The ISPE Facility of the Year Awards (FOYA) program recognizes state-of-the-art pharmaceutical manufacturing facilities utilizing innovative design and construction strategies to produce high-quality, safe, cost-effective medicines. WuXi Biologics was recognized for its cutting-edge biologics manufacturing facility in Dundalk, Ireland. The FOYA judges found this project “an inspiring landmark that proves that facilities can be developed on a highly accelerated schedule, using innovative solutions while complying with regulatory requirements, overcoming unknown barriers, cooperation with the community, and upholding project success and product safety.”

Brendan McGrath, Vice President and Head of WuXi Biologics Ireland site, commented, “This recognition by ISPE is a testament to our team’s dedication and relentless pursuit of excellence. We are also extremely grateful for the exceptional work of IPS, our facility designer, whose expertise significantly contributed to our achievement. This award signifies success not only for our team but also for our clients, partners, and local community. Ultimately, it’s a victory for the patients who rely on the life-saving biologics manufactured at our Ireland site.”

The WuXi Biologics facility is one of the world’s largest contract manufacturing single-use bioreactor sites. However, the facility’s real achievement is its unprecedented flexibility in cell culture-based manufacturing regardless of batch size by “scaling out” with 12 ABEC 4,000-liter capacity bioreactors. The facility’s flexible array of highly-configurable systems and overall capability to adapt to almost any perfusion, fed-batch, concentrated fed-batch, and intensified fed-batch techniques reduce client risk. This capability, combined with innovations in automation, single-use materials, and transition time, transforms the WuXi Biologics facility into a game changer for the production of emerging antibody-based therapies on a global impact.

The project was the first in Ireland to be delivered using an innovative design-assist model. IPS developed design packages to 60% detailed design; the remaining 40% was completed with engagement from the construction team, including subcontractors. This collaborative approach improved constructability, reduced time/cost, and significantly reduced rework. The single-use technology allows for a capacity of 48,000L, making it the largest single-use bioreactor in Ireland and possibly all of Europe.

The fast-track project was completed with over 6.2 million work hours in 26 months, with an average of 2,200 employed at peak. A total of 7,610 personnel were inducted on-site. Throughout construction in 2019 and 2020, more than 75 archaeologists were empowered to dig at sites spread across the campus. The artifacts found on the site depict common and extraordinary life spread across thousands of years—everything from fine sewing needles carved from bone to medieval spearheads and a cache of shiny 10th-century coins. WuXi Biologics maintained the schedule during their archaeological preservation and COVID challenges.

“IPS has been a partner to WuXi Biologics since its early days, and it is great to see it win the prestigious Facility of the Year Award. I still remember the early days of this project conception and when WuXi Biologics procured the massive site in Dundalk. Seeing the fantastic conclusion of all the efforts that followed is truly memorable. We are honored to have been part of this state-of-the-art facility which truly represents innovation, cutting-edge technology, and excellence. Congratulations to WuXi Biologics on this incredible achievement,“ said Dave Goswami, PE, IPS Chairman and Chief Executive Officer.

Cell-based therapeutics are transforming modern medicine, and WuXi Biologics’ facility is highly flexible and adaptable, ensuring the facility will have the capacity to produce a variety of new cellular therapies for years to come.

About IPS

IPS, a Berkshire Hathaway Company, is a global leader in developing innovative business solutions for the biotechnology and pharmaceutical industries. Through operational expertise and industry-leading knowledge, skill, and passion, IPS provides consultancy services, architecture, engineering, project controls, construction management, and compliance services that allow clients to develop and manufacture life-impacting products. Its newest acquisition, Linesight, specializes in cost, schedule, risk, program, and project management services in various market sectors, including data centers, life sciences, and high-tech industrial. With the addition of Linesight, IPS has over 3,000 professionals in over 45 offices across 17 countries in the Americas, Europe, Asia Pacific, Southeast Asia, Australia, and the Middle East. For further information, please visit www.ipsdb.com.

About WuXi

WuXi Biologics (stock code: 2269.HK) is a leading global Contract Research, Development and Manufacturing Organization (CRDMO) offering end-to-end solutions that enable partners to discover, develop and manufacture biologics – from concept to commercialization – for the benefit of patients worldwide.

With over 12,000 skilled employees in China, the United States, Ireland, Germany and Singapore, WuXi Biologics leverages its technologies and expertise to provide customers with efficient and cost-effective biologics discovery, development and manufacturing solutions. As of December 31, 2022, WuXi Biologics is supporting 588 integrated client projects, including 17 in commercial manufacturing.

WuXi Biologics views Environmental, Social, and Governance (ESG) responsibilities as an integral component of our ethos and business strategy, and we aim to become an ESG leader in the biologics CRDMO sector. Our facilities use next-generation biomanufacturing technologies and clean-energy sources. We have also established an ESG committee led by our CEO to steer the comprehensive ESG strategy and its implementation, enhancing our commitment to sustainability. For more information about WuXi Biologics, please visit www.wuxibiologics.com.

About the ISPE Facility of the Year Awards Program

Established in 2005, The Facility of the Year Awards (FOYA) recognize state-of-the-art projects utilizing new, innovative technologies to improve the quality of products, reduce the cost of producing high-quality medicines, and demonstrate advances in project delivery. The FOYA program provides a platform for the pharmaceutical science and manufacturing industry to showcase its accomplishments in facility design, construction, and operation, while sharing the development of new applications of technology and cutting-edge approaches. Visit ISPE.org/FOYA for more information.

Contacts

Dept. of Marketing and Communications

+44(0) 121 289 3471

• WWE drives down energy costs with Enlighted Lighting Solution, an occupancy-based lighting control system.
• Enlighted Data Services and Location Intelligence futureproof WWE headquarters with IoT insights and asset tracking capabilities.

SANTA CLARA, Calif.–(BUSINESS WIRE)–#digitaltransformation–Today Enlighted, a leading proptech company owned by Siemens, announced a new engagement with World Wrestling Entertainment (WWE) to support its vision of a smart, energy efficient headquarters. The leader in global entertainment that can be seen in more than 1 billion homes worldwide will use Enlighted’s intelligent lighting control, smart sensors, IoT data services and real time location services (RTLS) to achieve occupancy-based energy savings, optimal space management and provide the most productive environment for WWE employees.

WWE is headquartered in Stamford, Connecticut, with over 400,000 square feet of multi-purpose space including office space, studios, production and post-production facilities, conferencing, event, and outdoor terrace spaces. With the size and complexity of space types, it is essential for WWE to understand and optimize its real estate footprint using technology and software with the flexibility to address a range of uses. As part of a major renovation and digital transformation initiative, with almost 2,000 sensors over a wireless, fault-tolerant network at WWE will enable:

Enlighted Lighting Solution: Occupancy-based intelligent lighting control with flexible configurations for task tuning, daylight harvesting and efficient lighting of WWE spaces will result in bottom line energy savings and progression of WWE’s carbon neutrality.

Enlighted Data Services: Collecting data 65 times per second from sensors that measure movement, temperature and power, WWE will use specialized visualization dashboards to derive key insights for space design decisions.

Location Intelligence: WWE will use the same lighting sensing environment to reliably track assets, ranging from high value assets (memorabilia, collectibles) to operational assets (mail carts, merchandise samples, packages) in real-time for movement analysis and improved inventory management.

With Enlighted’s lighting controls as the foundation, WWE will be solving multiple IoT use cases and utilizing the open APIs, WWE will have central management, a ‘single pane of glass’ into operations.

“The new WWE headquarters is comprised of spaces intended for a variety of very different uses,” said Rajan Mehta, Chief Technology Officer, WWE. “The Enlighted IoT Smart Building technology will make it possible for us to realize enormous energy savings, increase our operating efficiencies and use data to capture building activity for intelligent data-driven space decisions. IoT-based asset tracking and process flow improvements will make our headquarters truly a smart building.”

“Space utilization isn’t just a matter of knowing how many people are in an office or production facility at a given moment—it’s about understanding how employees and guests are moving and interacting with spaces,” said Stefan Schwab, CEO of Enlighted. “The lighting-based sensors at WWE will capture vast amounts of data that WWE can use for a refined view of activity across all of their buildings. With the scalability of cloud storage, the company will be able to identify trends and preferences as they examine building usage data over time.”

About Enlighted

Enlighted is a leading proptech provider of IoT solutions at the intersection of people, space, and work. We offer a unique combination of cognitive environmental IoT sensors and lighting controls that connect to intelligent workplace experience apps, offering a singular, scalable, interoperable solution to address a spectrum of building, space, and productivity needs. Our customers leverage these solutions to enable occupant well-being, greater business efficiencies and momentum toward their sustainability goals. Enlighted is part of Building Robotics, Inc., a Siemens company. For more information, please visit us at enlightedinc.com.

Contacts

Ellen Gustafson

Enlighted
Ellen.gustafson@siemens.com
+1.415.505.6783

Digital closing platform now available in Minnesota, Nevada, North Dakota and Tennessee

TORONTO & NEW YORK–(BUSINESS WIRE)–$REAX #therealbrokerage–Real Title, The Real Brokerage Inc.’s (TSX: REAX) (NASDAQ: REAX) digital closing platform built on industry-leading technology to enable agents to deliver a faster, better experience for their customers, today announced it has launched operations in Minnesota, Nevada, North Dakota and Tennessee. The company is now licensed in 23 states and operational in 10 of those states.

“We are thrilled to be able to say that we’ve more than doubled our footprint in the first five months of 2023 as we continue our push to give agents and clients a better closing experience nationwide,” said Sean Daly, Real Title Founder and CEO. “With the addition of Minnesota and North Dakota, Real Title now has a presence in the Midwest, which strategically positions us to expand our footprint throughout the Midwest as well as into the Mid-Atlantic and Northeast.”

Acquired in 2022 as part of its strategy to provide Real’s growing agent base and their clients an end-to-end technology-driven solution from search to close, Real Title leverages state-of-the-art technology to streamline the closing process. Through an easy to use in-app experience, agents, buyers and sellers are able to track each step of the real estate transaction as well as communicate and upload and store documents through a secure, collaborative environment.

As Real Title expands its presence, it offers Real agents the ability to participate in a joint venture program that is designed to give agents a new source of income and share in the success of the company’s growth.

Real Title is now available in Arizona, Florida, Georgia, Minnesota, Nevada, North Dakota, Tennessee, Texas and Utah, and provides escrow services in California through its subsidiary, Real Escrow of California.

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 Title’s expansion of its operations into additional states.

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 Title’s ability to expand its operations into additional states. 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.

About Real Title

Founded in 2019 as Expetitle, Real Title streamlines the paper and time intensive settlement process through an in-app experience that allows agents and their clients to track the progress of their transaction, communicate and upload and store documents though a secure, collaborative environment. Real acquired the company in 2022 as part of its vision to provide agents and their clients with an end-to-end technology-driven search to close experience.

About The Real Brokerage

The Real Brokerage Inc. (TSX: REAX) (NASDAQ: REAX) is revolutionizing the residential real estate industry by pairing best-in-class technology with the trusted guidance of the agent-led experience. Real delivers a cloud-based platform to improve efficiencies and empower agents to provide a seamless end-to-end experience for home buyers and sellers. The company was founded in 2014 and serves 46 states, D.C., and four Canadian provinces with over 10,000 agents. Additional information can be found on its website at www.onereal.com.

Contacts

Investor inquiries:

Jason Lee

Vice President, Capital Markets & Investor Relations

investors@therealbrokerage.com
908.280.2515

For media inquiries, please contact:

Elisabeth Warrick

Director, Communications

elisabeth@therealbrokerage.com
201.564.4221

TORONTO–(BUSINESS WIRE)–DREAM RESIDENTIAL REAL ESTATE INVESTMENT TRUST (TSX: DRR.U) (“Dream Residential REIT” or the “REIT”) today announced its May 2023 monthly distribution in the amount of US$0.035 per unit (US$0.42 annualized). The May distribution will be payable on June 15, 2023 to unitholders of record as at May 31, 2023.

About Dream Residential REIT

Dream Residential REIT is an unincorporated, open-ended real estate investment trust established and governed by the laws of the Province of Ontario. The REIT owns an initial portfolio of 16 garden-style multi-residential properties, consisting of 3,432 units primarily located in three markets across the Sunbelt and Midwest regions of the United States. For more information, please visit www.dreamresidentialreit.ca.

Contacts

Dream Residential REIT

P. Jane Gavan
Chief Executive Officer

(416) 365-6572

jgavan@dream.ca

Derrick Lau
Chief Financial Officer

(416) 365-2364

dlau@dream.ca

Scott Schoeman
Chief Operating Officer

(303) 519-3020

sschoeman@dream.ca