TORONTO–(BUSINESS WIRE)–Toronto-based boutique commercial real estate brokerage and advisory firm Franc & Co (F&C) and Percy Ellis (PE), a B Corp Certified Toronto developer and community builder of missing middle rental housing, are pleased to announce the establishment of a strategic financial management arrangement between the two companies. F&C has been mandated to manage portfolio-wide project level financing needs and stakeholder reporting for PE.

Two visionary companies, a uniquely positioned partnership a year in the making. Developed through detailed discussions, this new arrangement will position F&C to closely collaborate with PE to provide required consulting, capital sourcing and advisory services that are focused on PE’s project level financing needs. In addition to the existing portfolio and new project financing, the F&C team has been mandated to professionalize the investor and bank relationships, which will include regular communication and reporting to stakeholders.

“At Franc & Co, we have an expert team built to help companies strategically manage their growth from a project financing standpoint,” says Franc & Co Principal Broker and Founder, Francesco Margani. “This partnership gives us an opportunity to execute our holistic approach to real estate financing solutions as well as demonstrate our commitment to community and the tremendous values put forward by the Percy Ellis team,” adds Margani.

PE has established itself as a community builder in the GTA and are focused on delivering the best service to their tenants and stakeholders. With an innovative approach centered on the community, James Burton, Co-Founder of Percy Ellis realized that the teams’ strength was in delivering best-in-class projects that benefit the City and the public realm. They needed to be able to focus on design, planning, construction and the property management and tenant servicing side of the business and they would benefit from a partnership where an experienced financial professional could come in to handle stakeholder and bank relationships.

F&C will review the existing portfolio and processes to kick off the partnership and deliver solutions that build efficiencies for PE. This process involves establishing a standardized method for the two firms to collaborate and share information that will be streamlined by F&C to strengthen and scale PE’s existing relationships with banks and investors. F&C will also be engaged in the financial assessment and capital structuring for new/potential acquisitions. They will manage funding draws, new debt and equity fundings and plan for all PE’s future capital needs. Updated information will be communicated by F&C regularly to stakeholders through a new standardized reporting model.

“Franc & Co were chosen as the right partners to help us attain new levels of success and growth that we’re perfectly positioned to capitalize on,” said James Burton. “We have seen that painstakingly caring about every single project detail including investing in the community can boost our bottom line. Francesco has a keen understanding of this and our vision and showed an ability to translate all of this into a reality that our investors and banks will understand and support,” he added.

As Franc & Co continues to grow its portfolio across multiple asset classes, the company has set an ambitious goal of enhancing its offering to clients as demonstrated in the creation of this financial asset management partnership with Percy Ellis. For Percy Ellis, this new partnership will allow their management team to focus on the core value-add of their business which is detailed project planning, community building, construction and property management and the establishing of a streamlined system for all their future financing needs will allow them to do just this.

About Franc & Co

Franc & Co is a boutique commercial real estate brokerage and investment firm that specializes in tailor-made debt and equity financing solutions for a broad range of industry players, including developers, lenders and investors. With decades of experience, Franc & Co’s seasoned team of real estate capital experts brings deep knowledge and financial expertise to every transaction. The firm’s focus is on building and maintaining long-term relationships by maximizing value and realizing the market potential for its diverse clients. For more information, visit francandco.com

About Percy Ellis

Founded by James Burton & Emery Daniels, Percy Ellis is committed to building affordable, low-carbon apartments in walkable neighbourhoods, accessible to a diverse audience. Percy Ellis looks beyond the aesthetic and applies equal focus on tenant happiness by promoting healthy-living, respectful and transparent communication, and creating communities that encourage long-term roots and lasting relationships. For more information, visit percyellis.com

Contacts

Media:

Natasha Alibhai
McOuat Partnership

natasha@partnership.ca

Acquisition Brings Miner’s Expertise in Commercial Docks and Doors to the Northwest US

PERRYSBURG, Ohio–(BUSINESS WIRE)–#acquisition—Miner Ltd., the dock and door division of OnPoint Group, announced today the acquisition of Pace Material Handling, the largest independent dock and door service provider in the Pacific Northwest. Based in the Greater Seattle area, Pace Material Handling has been providing design, install and service expertise for commercial docks and doors across Washington and Oregon for more than 30 years. This acquisition expands Miner’s service reach on the West Coast into the Pacific Northwest.

“At Miner we are committed to our brand promise to be the national service provider for commercial docks and doors. Our acquisition of Pace Material Handling establishes our presence in the Northwest region and truly solidifies Miner as a coast to coast, north to south partner,” said Miner President, Dave Wright.

Since 1989, Pace Material Handling has been a go-to provider supporting material handling systems for the warehousing and distribution industries, known for their strong relationships with a wide variety of qualified equipment manufacturers. Their highly customized solutions and factory-trained installation and service teams have helped countless distributors, warehousers, general contractors, construction companies and property managers make lasting operational improvements with boosted safety metrics.

“As North America’s expert in docks and doors, the team at Miner shares our mission to bring safety and security to the loading dock. In joining Miner, we look forward to providing expanded expertise and capabilities for our clients as well as growth opportunities for our team,” said Bob Oury, Pace Material Handling Founder and CEO.

For additional information about Miner and Pace visit www.minercorp.com or www.onpointgroup.com/mergers-acquisitions.

About Miner Ltd.

Miner Ltd., an OnPoint Group company, is the North American leader in commercial docks and doors, improving safety and uptime while lowering costs for some of the largest industrial facilities and Fortune 500-class companies. Our suite of proactive MinerCare services makes for smarter, safer loading docks with data-driven solutions. From real-time electronic evidence to equipment monitoring to asset management and expert installations, our mission is to mitigate risk and improve efficiency at the loading dock. Our service footprint includes the largest network of best in class service professionals nationwide delivering superior speed, consistency and results 24/7/365. Learn more at https://www.minercorp.com.

About OnPoint Group

OnPoint Group is changing the way companies manage material handling and critical facility services by driving productivity, increasing safety and lowering costs through custom engineered solutions, data-driven decisions and lifecycle management services. Headquartered in Perrysburg, OH, OnPoint Group’s portfolio of companies includes Miner, TrueSource, Concentric, and TFS, providing services in everything from forklift fleet management to forklift power, critical backup power, docks, doors and many critical facility maintenance trades. More than 1,700 industry professionals, 40,000 service affiliates and a scaling technology ecosystem support manufacturers, distributors and retailers nationwide with system-wide improvements, total cost control and risk mitigation. For more information, visit www.onpointgroup.com.

Contacts

Lexington Public Relations,

Suki Mulberg Altamirano

+1 646 265 0675 | suki@lexingtonpr.com

TORONTO–(BUSINESS WIRE)–Slate Grocery REIT (TSX: SGR.U) (TSX: SGR.UN) (the “REIT”), an owner and operator of U.S. grocery-anchored real estate, announced today that it will be releasing its fourth quarter and year end 2022 results before market hours on Wednesday, February 15, 2023. Senior management will host a live conference call at 9:00 am ET on Wednesday, February 15, 2023 to discuss the results and ongoing business initiatives of the REIT.

Conference Call Details

The conference call can be accessed by dialing (416) 764-8658 or 1 (888) 886-7786. Additionally, the conference call will be available via simultaneous audio found at https://viavid.webcasts.com/starthere.jsp?ei=1592846&tp_key=a5117b5972. A replay will be accessible until March 1, 2023 via the REIT’s website or by dialing (416) 764-8692 or 1 (877) 674-7070 (access code 324161#) approximately two hours after the live event.

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

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

About Slate Asset Management

Slate Asset Management is a global alternative investment platform targeting real assets. We focus on fundamentals with the objective of creating long-term value for our investors and partners. Slate’s platform has a range of real estate and infrastructure investment strategies, including opportunistic, value add, core plus and debt investments. We are supported by exceptional people and flexible capital, which enable us to originate and execute on a wide range of compelling investment opportunities. Visit slateam.com to learn more.

Forward-Looking Statements

Certain information herein constitutes “forward-looking information” as defined under Canadian securities laws which reflect management’s expectations regarding objectives, plans, goals, strategies, future growth, results of operations, performance, business prospects and opportunities of the REIT. The words “plans”, “expects”, “does not expect”, “scheduled”, “estimates”, “intends”, “anticipates”, “does not anticipate”, “projects”, “believes”, or variations of such words and phrases or statements to the effect that certain actions, events or results “may”, “will”, “could”, “would”, “might”, “occur”, “be achieved”, or “continue” and similar expressions identify forward-looking statements. Such forward-looking statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations.

Forward-looking statements are necessarily based on a number of estimates and assumptions that, while considered reasonable by management as of the date hereof, are inherently subject to significant business, economic and competitive uncertainties and contingencies. When relying on forward-looking statements to make decisions, the REIT cautions readers not to place undue reliance on these statements, as forward-looking statements involve significant risks and uncertainties and should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether or not the times at or by which such performance or results will be achieved. A number of factors could cause actual results to differ, possibly materially, from the results discussed in the forward-looking statements. Additional information about risks and uncertainties is contained in the filings of the REIT with securities regulators.

SGR-FR

Contacts

Investor Relations

+1 416 644 4264

ir@slateam.com

TORONTO–(BUSINESS WIRE)–Slate Office REIT (TSX: SOT.UN) (the “REIT”), an owner and operator of high-quality workplace real estate, announced today that it will be releasing its fourth quarter and year end 2022 results before market hours on Wednesday, February 22, 2023. Senior management will host a live conference call at 9:00 a.m. ET on Wednesday, February 22, 2023 to discuss the results and ongoing business initiatives of the REIT.

Conference Call Details

The conference call can be accessed by dialing (416) 764-8658 or 1 (888) 886-7786. Additionally, the conference call will be available via simultaneous audio found at https://viavid.webcasts.com/starthere.jsp?ei=1592828&tp_key=d2858ec0eb. A replay will be accessible until March 8, 2023 via the REIT’s website or by dialing (416) 764-8692 or 1 (877) 674-7070 (access code 626689#) approximately two hours after the live event.

About Slate Office REIT (TSX: SOT.UN)

Slate Office REIT is a global owner and operator of high-quality workplace real estate. The REIT owns interests in and operates a portfolio of strategic and well-located real estate assets in North America and Europe. The majority of the REIT’s portfolio is comprised of government and high-quality credit tenants. The REIT acquires quality assets at a discount to replacement cost and creates value for unitholders by applying hands-on asset management strategies to grow rental revenue, extend lease term and increase occupancy. Visit slateofficereit.com to learn more.

About Slate Asset Management

Slate Asset Management is a global alternative investment platform targeting real assets. We focus on fundamentals with the objective of creating long-term value for our investors and partners. Slate’s platform has a range of real estate and infrastructure investment strategies, including opportunistic, value add, core plus and debt investments. We are supported by exceptional people and flexible capital, which enable us to originate and execute on a wide range of compelling investment opportunities. Visit slateam.com to learn more.

Forward-Looking Statements

Certain information herein constitutes “forward-looking information” as defined under Canadian securities laws which reflect management’s expectations regarding objectives, plans, goals, strategies, future growth, results of operations, performance, business prospects and opportunities of the REIT. The words “plans”, “expects”, “does not expect”, “scheduled”, “estimates”, “intends”, “anticipates”, “does not anticipate”, “projects”, “believes”, or variations of such words and phrases or statements to the effect that certain actions, events or results “may”, “will”, “could”, “would”, “might”, “occur”, “be achieved”, or “continue” and similar expressions identify forward-looking statements. Such forward-looking statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations.

Forward-looking statements are necessarily based on a number of estimates and assumptions that, while considered reasonable by management as of the date hereof, are inherently subject to significant business, economic and competitive uncertainties and contingencies. When relying on forward-looking statements to make decisions, the REIT cautions readers not to place undue reliance on these statements, as forward-looking statements involve significant risks and uncertainties and should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether or not the times at or by which such performance or results will be achieved. A number of factors could cause actual results to differ, possibly materially, from the results discussed in the forward-looking statements. Additional information about risks and uncertainties is contained in the filings of the REIT with securities regulators.

SOT-FR

Contacts

For Further Information
Investor Relations

+1 416 644 4264

ir@slateam.com

BOSTON–(BUSINESS WIRE)–Today, Orbia is proud to announce that the Science Based Targets initiative (SBTi), a partnership between CDP, the United Nations Global Compact, World Resources Institute (WRI) and the World Wide Fund for Nature (WWF), has approved its near-term scope 1, 2 and 3 emissions reduction targets as being in conformance with the latest SBTi Criteria and Recommendations (version 5) for climate actions to mitigate the impacts of global warming.

In addition, the SBTi validation team has classified Orbia’s scope 1 and 2 target reduction goal in its most ambitious 1.5°C trajectory category. Orbia has committed to reduce its absolute scope 1 and 2 greenhouse gas emissions 47% by 2030 from a 2019 base year and to reduce absolute scope 3 GHG emissions from use and end-of-life treatment of sold products 30% within the same timeframe.

“It has been the vision of our founders and leaders to provide cleaner, smarter, more efficient materials and solutions that advance life around the world,” said Sameer Bharadwaj, CEO of Orbia. “Today, validating our scope 1, 2 and 3 emissions reduction goals with the SBTi reinforces our commitment to providing our customers with the products and services they need to deal with the impacts of climate change and help decarbonize the planet.”

“Approval from the SBTi confirms that the emissions targets we set are feasible and well aligned with what the world needs to keep a temperature below a 1.5°C rise,” said Tania Rabasa Kovacs, Vice President of Sustainability and Corporate Affairs. “Working with the SBTi demonstrates our commitment to achieving our ambitions with transparency and accountability. We are confident that by transitioning to renewable sources of energy, optimizing production processes for efficiency and investing in new technologies, Orbia will meet its 2050 net-zero aspiration,” continued Kovacs.

Recognition by the SBTi is another example of how Orbia’s commitment to sustainability is making an impact and follows last month’s announcement of Orbia’s inclusion in the S&P Dow Jones Sustainability Indices (“S&P DJSI”). For additional details on external recognition, visit: https://www.orbia.com/sustainability/esg-indices-and-external-recognition/.

About the Science Based Targets initiative (SBTi)

A partnership between CDP, the United Nations Global Compact, World Resources Institute (WRI) and the World Wide Fund for Nature (WWF), the Science Based Targets initiative (SBTi) mobilizes companies to set science-based targets and boost their competitive advantage in the transition to the low-carbon economy. The SBTi defines and promotes best practice in science-based target setting, offers resources to reduce barriers to adoption and independently assesses and approves companies’ targets using a quantitative and qualitative protocol.

https://sciencebasedtargets.org/companies-taking-action

About Orbia

Orbia is a company driven by a shared purpose: to advance life around the world. Orbia operates in the Polymer Solutions (Vestolit and Alphagary), Building and Infrastructure (Wavin), Precision Agriculture (Netafim), Connectivity Solutions (Dura-Line) and Fluorinated Solutions (Koura) sectors. The five Orbia business groups have a collective focus on expanding access to health and wellness, reinventing the future of cities and homes, ensuring food and water security, connecting communities to information and accelerating a circular economy with basic and advanced materials, specialty products and innovative solutions. Orbia has a global team of over 23,000 employees, commercial activities in more than 110 countries and operations in over 50, with global headquarters in Boston, Mexico City, Amsterdam and Tel Aviv. The company generated $8.8 billion in revenue in 2021. To learn more, visit: orbia.com.

Contacts

Global:
Kacy Karlen

Chief Communications Officer

kacy.karlen@orbia.com
1 (865) 410-3001

TORONTO–(BUSINESS WIRE)–Granite Real Estate Investment Trust (“Granite”) (TSX: GRT.UN / NYSE: GRP.U) announced today that its board of trustees has declared a distribution of CDN $0.2667 per stapled unit for the month of January 2023. The distribution will be paid by Granite on Wednesday, February 15, 2023 to stapled unitholders of record at the close of trading on Tuesday, January 31, 2023. The stapled units will begin trading on an ex-dividend basis at the opening of trading on Monday, January 30, 2023, on the Toronto Stock Exchange and on the New York Stock Exchange.

Granite confirms that no portion of the distribution constitutes effectively connected income for U.S. federal tax purposes. A qualified notice providing the breakdown of the sources of the distribution will be issued to the Depository Trust & Clearing Corporation subsequent to the record date of January 31, 2023, pursuant to United States Treasury Regulation Section 1.1446-4.

ABOUT GRANITE

Granite is a Canadian-based REIT engaged in the acquisition, development, ownership and management of logistics, warehouse and industrial properties in North America and Europe. Granite owns 141 investment properties representing approximately 58.8 million square feet of leasable area.

OTHER INFORMATION

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

Contacts

Teresa Neto

Chief Financial Officer

647-925-7560

Andrea Sanelli

Associate Director, Legal & Investor Services

647-925-7504

BETHESDA, Md.–(BUSINESS WIRE)–Enviva Inc. (NYSE: EVA) (“Enviva,” “our,” “we,” or the “Company”) today announced the closing of a senior secured term loan facility (the “Term Loan”) in the amount of $105 million, maturing in June 2027. Borrowing rates under the Term Loan are variable and calculated as SOFR plus 400 basis points. Enviva intends to use the net proceeds from the Term Loan to reduce borrowings under its senior secured revolving credit facility.

“We are pleased to complete our Term Loan financing as we commence 2023 and prepare for an exciting year ahead for Enviva,” stated Shai Even, Chief Financial Officer. “This facility provides us with additional financial flexibility as it increases available liquidity under our revolving credit facility.”

Enviva remains committed to conservatively managing its balance sheet and the Term Loan financing, excluding the impact of debt issuance costs, is leverage neutral to the Company.

About Enviva

Enviva is the world’s largest producer of industrial wood pellets, a renewable and sustainable energy source produced by aggregating a natural resource, wood fiber, and processing it into a transportable form, wood pellets. Enviva owns and operates ten plants with a combined production capacity of approximately 6.2 million metric tons per year in Virginia, North Carolina, South Carolina, Georgia, Florida, and Mississippi, and is constructing its 11th plant in Epes, Alabama. Enviva is planning to commence construction of its 12^th plant near Bond, Mississippi during 2023. Enviva sells most of its wood pellets through long-term, take-or-pay off-take contracts with primarily creditworthy customers in the United Kingdom, the European Union, and Japan, helping to accelerate the energy transition and to decarbonize hard-to-abate sectors like steel, cement, lime, chemicals, and aviation fuels. Enviva exports its wood pellets to global markets through its deep-water marine terminals at the Port of Chesapeake, Virginia, the Port of Wilmington, North Carolina, and the Port of Pascagoula, Mississippi, and from third-party deep-water marine terminals in Savannah, Georgia, Mobile, Alabama, and Panama City, Florida.

Cautionary Note Concerning Forward-Looking Statements

The information included herein and in any oral statements made in connection herewith include “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of present or historical fact included herein, including those regarding the anticipated use of proceeds of the term loan are forward-looking statements. When used herein, including any oral statements made in connection herewith, the words “could,” “should,” “will,” “may,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “project,” the negative of such terms, and other similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These forward-looking statements are based on management’s current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events. Except as otherwise required by applicable law, Enviva disclaims any duty to revise or update any forward-looking statements, all of which are expressly qualified by the statements in this section, to reflect events or circumstances after the date hereof. Enviva cautions you that these forward-looking statements are subject to risks and uncertainties, most of which are difficult to predict and many of which are beyond the control of Enviva. These risks include those described in Enviva’s filings with the Securities and Exchange Commission (the “SEC”), including the detailed factors discussed under the heading “Risk Factors” in Enviva’s Annual Report on Form 10-K for the fiscal year ended December 31, 2021, as supplemented in the Company’s Quarterly Reports on Form 10-Q for the fiscal quarters ended March 31, June 30, and September 30, 2022.

Should one or more of the risks or uncertainties described herein and in any oral statements made in connection therewith occur, or should underlying assumptions prove incorrect, actual results and plans could different materially from those expressed in any forward-looking statements. Additional information concerning these and other factors that may impact Enviva’s expectations and projections can be found in Enviva’s periodic filings with the SEC. Enviva’s SEC filings are available publicly on the SEC’s website at www.sec.gov.

To learn more about Enviva please visit our website at www.envivabiomass.com. Follow Enviva on social media @Enviva.

Contacts

INVESTOR CONTACT:
Kate Walsh

Vice President, Investor Relations

+1 240-482-3856

investor.relations@envivabiomass.com

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

OTTAWA, Ontario–(BUSINESS WIRE)–InterRent Real Estate Investment Trust (TSX-IIP.UN) (“InterRent”) announced today that its distribution declared for the month of January 2023 is $0.0300 per Trust unit, equal to $0.3600 per Trust unit on an annualized basis. Payment will be made on or about February 15, 2023, to unitholders of record on January 31, 2023.

About InterRent

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

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

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

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

Contacts

For further information:
Investor Relations

investorinfo@interrentreit.com
www.interrentreit.com

Not for distribution to U.S. News Wire Services or dissemination in the United States.

TORONTO–(BUSINESS WIRE)–#valueforgenerations–Choice Properties Real Estate Investment Trust (“Choice Properties”) (TSX: CHP.UN) announced today that the trustees of Choice Properties have declared a cash distribution for the month of January, 2023 of $0.061667 per trust unit, representing $0.74 per trust unit on an annualized basis, payable on February 15, 2023 to Unitholders of record at the close of business on January 31, 2023.

About Choice Properties Real Estate Investment Trust

Choice Properties is a leading Real Estate Investment Trust that creates enduring value through the ownership, operation and development of high-quality commercial and residential properties.

We believe that value comes from creating spaces that improve how our tenants and communities come together to live, work, and connect. We strive to understand the needs of our tenants and manage our properties to the highest standard. We aspire to develop healthy, resilient communities through our dedication to social, economic, and environmental sustainability. In everything we do, we are guided by a shared set of values grounded in Care, Ownership, Respect and Excellence.

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

Contacts

For further information:

Mario Barrafato

Chief Financial Officer

Choice Properties REIT

(416) 628-7872

Mario.Barrafato@choicereit.ca

Avid Ratings acquires H2insight Homebuilder Operations creating the most comprehensive benchmarking dataset and solutions in the homebuilding industry.

MADISON, Wis.–(BUSINESS WIRE)–Avid Ratings, the leading customer experience platform and solution for the homebuilding industry, announced today that it has acquired the H2insight Homebuilder Operations. H2insight is a multi-industry provider of customer feedback and engagement solutions.

The acquisition will allow Avid Ratings to expand its offerings across a broad customer base of homebuilders throughout the US and Canada, which includes a comprehensive suite of customer feedback and analytics tools and the most extensive benchmarking dataset in the homebuilding industry. These capabilities will further enable Avid Ratings to provide in-depth analysis of customer sentiment and market trends in the new construction space, providing proprietary insights to homebuilders looking to improve their operations. Avid will continue operating and maintaining the H2insight solution for homebuilder customers, and will be bringing on Vince Kudla (CEO) and the customer success group for ongoing support.

“We are thrilled to welcome the H2insight team to the Avid Ratings family,” said Aaron Everson, CEO of Avid Ratings. “The addition of H2insight will allow us to expand our customer base of top builders and offer them even more value to build stronger, more successful businesses based on data-driven insights and benchmarking.”

H2insight CEO, Vince Kudla, added, “Joining forces with Avid Ratings will allow us to bring cutting-edge customer feedback solutions to an even wider audience. We look forward to helping our combined clients build stronger relationships with their customers and drive business growth.”

About Avid Ratings:

Avid Ratings is the leading provider of customer experience software and is the only complete industry solution for homebuilders, remodelers, specialty contractors and other homebuilding industry professionals. Through its suite of survey, analytics and benchmarking tools, Avid Ratings helps the homebuilder community meet the needs of their homebuyers and customers leading to improved operations and increased customer satisfaction and loyalty. For more information, visit https://www.avidratings.com/.

About H2insight Homebuilder Operations:

H2insight Homebuilder Operations is a leading provider of customer experience management solutions and benchmarking to the homebuilding industry. Its comprehensive suite of online survey and reporting tools, outbound calling capabilities, and robust response rates enables clients to better understand and improve their customer experience and transform enhanced customer loyalty into revenue. For more information, visit https://www.H2insight.com/.

Contacts

Kyle Faino

kyle.faino@avidratings.com

TORONTO–(BUSINESS WIRE)–Slate Grocery REIT (TSX: SGR.U) (TSX: SGR.UN) (the “REIT”), an owner and operator of U.S. grocery-anchored real estate, announced today that the Board of Trustees has declared a distribution for the month of January 2023 of U.S.$0.072 per class U unit of the REIT (“Class U Units”), or U.S.$0.864 on an annualized basis.

Holders of Class U Units may elect to receive their distribution in Canadian dollars and should contact their broker to make such an election.

Holders of class A units of the REIT (“Class A Units”) will receive a distribution equal to the Canadian dollar equivalent (based on the U.S./Canadian dollar exchange rate at the time of payment of the distribution) of U.S.$0.072 per Class A Unit, unless the unitholder has elected to receive distributions in U.S. dollars. Holders of class I units of the REIT (“Class I Units”) will receive a distribution of U.S.$0.072 per Class I Unit, unless the unitholder has elected to receive distributions in Canadian dollars. Holders of units of subsidiaries of the REIT that are exchangeable into Class U Units (“Exchangeable Units”) will receive a distribution of U.S.$0.072 per unit.

If a holder of Class U Units or Class I Units elects to receive distributions in Canadian dollars, the holder will receive the Canadian dollar equivalent amount of the distribution being paid on the Class U Units or Class I Units, as applicable, based on the U.S./Canadian dollar exchange rate at the time of payment of the distribution.

Distributions on all unit classes of the REIT, and distributions on Exchangeable Units, will be payable on February 15, 2023 to unitholders of record as of the close of business on January 31, 2023.

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

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

About Slate Asset Management

Slate Asset Management is a global alternative investment platform targeting real assets. We focus on fundamentals with the objective of creating long-term value for our investors and partners. Slate’s platform has a range of real estate and infrastructure investment strategies, including opportunistic, value add, core plus and debt investments. We are supported by exceptional people and flexible capital, which enable us to originate and execute on a wide range of compelling investment opportunities. Visit slateam.com to learn more.

Forward-Looking Statements

Certain information herein constitutes “forward-looking information” as defined under Canadian securities laws which reflect management’s expectations regarding objectives, plans, goals, strategies, future growth, results of operations, performance, business prospects and opportunities of the REIT. The words “plans”, “expects”, “does not expect”, “scheduled”, “estimates”, “intends”, “anticipates”, “does not anticipate”, “projects”, “believes”, or variations of such words and phrases or statements to the effect that certain actions, events or results “may”, “will”, “could”, “would”, “might”, “occur”, “be achieved”, or “continue” and similar expressions identify forward-looking statements. Such forward-looking statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations.

Forward-looking statements are necessarily based on a number of estimates and assumptions that, while considered reasonable by management as of the date hereof, are inherently subject to significant business, economic and competitive uncertainties and contingencies. When relying on forward-looking statements to make decisions, the REIT cautions readers not to place undue reliance on these statements, as forward-looking statements involve significant risks and uncertainties and should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether or not the times at or by which such performance or results will be achieved. A number of factors could cause actual results to differ, possibly materially, from the results discussed in the forward-looking statements. Additional information about risks and uncertainties is contained in the filings of the REIT with securities regulators.

SGR-Dist

Contacts

Investor Relations

+1 416 644 4264

ir@slateam.com

TORONTO–(BUSINESS WIRE)–Slate Office REIT (TSX: SOT.UN) (the “REIT”), an owner and operator of high-quality workplace real estate, announced today that the Board of Trustees has declared a distribution for the month of January 2023 of C$0.0333 per trust unit of the REIT, representing $0.40 per unit of the REIT on an annualized basis.

The distribution will be payable on February 15, 2023 to unitholders of record as of the close of business on January 31, 2023.

About Slate Office REIT (TSX: SOT.UN)

Slate Office REIT is a global owner and operator of high-quality workplace real estate. The REIT owns interests in and operates a portfolio of strategic and well-located real estate assets in North America and Europe. The majority of the REIT’s portfolio is comprised of government and high-quality credit tenants. The REIT acquires quality assets at a discount to replacement cost and creates value for unitholders by applying hands-on asset management strategies to grow rental revenue, extend lease term and increase occupancy. Visit slateofficereit.com to learn more.

About Slate Asset Management

Slate Asset Management is a global alternative investment platform targeting real assets. We focus on fundamentals with the objective of creating long-term value for our investors and partners. Slate’s platform has a range of real estate and infrastructure investment strategies, including opportunistic, value add, core plus and debt investments. We are supported by exceptional people and flexible capital, which enable us to originate and execute on a wide range of compelling investment opportunities. Visit slateam.com to learn more.

Forward-Looking Statements

Certain information herein constitutes “forward-looking information” as defined under Canadian securities laws which reflect management’s expectations regarding objectives, plans, goals, strategies, future growth, results of operations, performance, business prospects and opportunities of the REIT. The words “plans”, “expects”, “does not expect”, “scheduled”, “estimates”, “intends”, “anticipates”, “does not anticipate”, “projects”, “believes”, or variations of such words and phrases or statements to the effect that certain actions, events or results “may”, “will”, “could”, “would”, “might”, “occur”, “be achieved”, or “continue” and similar expressions identify forward-looking statements. Such forward-looking statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations.

Forward-looking statements are necessarily based on a number of estimates and assumptions that, while considered reasonable by management as of the date hereof, are inherently subject to significant business, economic and competitive uncertainties and contingencies. When relying on forward-looking statements to make decisions, the REIT cautions readers not to place undue reliance on these statements, as forward-looking statements involve significant risks and uncertainties and should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether or not the times at or by which such performance or results will be achieved. A number of factors could cause actual results to differ, possibly materially, from the results discussed in the forward-looking statements. Additional information about risks and uncertainties is contained in the filings of the REIT with securities regulators.

SOT-Dist

Contacts

For Further Information
Investor Relations

+1 416 644 4264

ir@slateam.com