TORONTO–(BUSINESS WIRE)–Inovalis Real Estate Investment Trust (the “REIT”) (TSX: INO.UN) today announced the closing of the disposition of the Courbevoie property located in the La Defence area of Paris for €27.2 million (CAD $39.4 million), €6.4 million (CAD $9.3 million) above the Q3 2022 €20.8 million (CAD $30.1 million) fair market value. The €17.2 million (CAD $24.9 million) net proceeds from the sale are slated for redeployment into other investment opportunities.

President Stephane Amine commented “Today’s closing marks the achievement of another of the REIT’s 2022 strategic initiatives and frees up capital to deploy next year. We believe 2023 will be a year of transition where capital will be key to secure opportunities. The continued demand for space in office properties in France and Germany still form an enduring foundation for European office real estate investment.”

All amounts have been converted to Canadian dollars (CAD $) using an exchange rate of 1.4485 CAD $ per €.

FORWARD-LOOKING INFORMATION

Although management believes that the expectations reflected in the forward-looking information are reasonable, no assurance can be given that these expectations will prove to be correct, and since forward-looking information inherently involves risks and uncertainties, undue reliance should not be placed on such information.

Certain material factors or assumptions are applied in making forward-looking statements and actual results may differ materially from those expressed or implied in such forward-looking statements. The estimates and assumptions, which may prove to be incorrect, include, but are not limited to, the various assumptions set forth in this document as well as the following:

1. the ability to continue to receive financing on acceptable terms;
2. the future level of indebtedness and the REIT’s future growth potential will remain consistent with current expectations;
3. the success of the asset recycling program;
4. there will be no changes to tax laws adversely affecting the REIT’s financing capability, operations, activities, structure, or distributions;
5. the REIT will retain and continue to attract qualified and knowledgeable personnel as the portfolio and business grow;
6. the impact of the current economic climate and the current global financial conditions on operations, including the REIT’s financing capability and asset value, will remain consistent with current expectations;
7. there will be no material changes to government and environmental regulations that could adversely affect operations;
8. conditions in the international and, in particular, the French, German, Spanish and other European real estate markets, including competition for acquisitions, will be consistent with past conditions;
9. capital markets will provide the REIT with readily available access to equity and/or debt financing; and
10. the impact the COVID-19 pandemic and geopolitical conflict in the Ukraine and Russia will have on the REIT’s operations, the demand for the REIT’s properties and global supply chains and economic activity in general.

The REIT cautions that this list of assumptions is not exhaustive. Although the forward-looking statements contained in this press release are based upon assumptions that management believes are reasonable based on information currently available to management, there can be no assurance that actual results will be consistent with these forward-looking statements.

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. Forward-looking statements should not be read as guarantees of future performance or results and will not necessarily be accurate indications of whether or not, or 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, including, but not limited to:

• the REIT’s ability to execute its growth and capital deployment strategies;
• the REIT’s ability to execute its asset recycling program;
• the impact of changing conditions in the European office market;
• the marketability and value of the REIT’s portfolio;
• changes in the attitudes, financial condition and demand in the REIT’s demographic markets;
• fluctuation in interest rates and volatility in financial markets;
• the duration and ultimate impact of the COVID-19 pandemic and related government interventions as well as the geopolitical conflict in the Ukraine and Russia on the REIT’s business, operations and financial results;
• general economic conditions, including any continuation or intensification of the current economic downturn;
• developments and changes in applicable laws and regulations; and
• such other factors discussed under ‘‘Risk Factors and Uncertainties’’ in the REIT’s Annual Information Form.

If any risks or uncertainties with respect to the above materialize, or if the opinions, estimates or assumptions underlying the forward-looking statements prove incorrect, actual results or future events might vary materially from those anticipated in the forward-looking statements.

Forward-looking statements are provided for the purpose of providing information about management’s current expectations and plans relating to the future. Certain statements included in this press release may be considered a ‘‘financial outlook’’ for purposes of applicable Canadian securities laws, and as such, the financial outlook may not be appropriate for purposes other than this press release. All forward-looking statements are based only on information currently available to the REIT and are made as of the date of this press release. Except as expressly required by applicable Canadian securities law, the REIT assumes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. All forward-looking statements in this press release are qualified by these cautionary statements.

About Inovalis REIT

Inovalis REIT is a real estate investment trust listed on the Toronto Stock Exchange in Canada. It was founded in 2013 by Inovalis and invests in office properties in primary markets of France, Germany and Spain. It holds 14 assets representing 470 million Euros of AuM. Inovalis REIT acquires (indirectly) real estate properties via CanCorpEurope, authorized Alternative Investment Fund (AIF) by the CSSF in Luxemburg, and managed by Inovalis S.A.

About Inovalis Group

Inovalis S.A. is a French Alternative Investment fund manager, authorized by the French Securities and Markets Authority (AMF) under AIFM laws. Inovalis S.A. and its subsidiaries (Advenis S.A., Advenis REIM) invest in and manage Real Estate Investment Trusts such as Inovalis REIT, open ended funds (SCPI) with stable real estate focus such as Eurovalys (for Germany) and Elialys (Southern Europe), Private Thematic Funds raised with Inovalis partners to invest in defined real estate strategies and direct Co-investments on specific assets.

Inovalis Group (www.inovalis.com), founded in 1998 by Inovalis SA, is an established pan European real estate investment player with EUR 7 billion of AuM and with offices in all the world’s major financial and economic centers in Paris, Luxembourg, Madrid, Frankfurt, Toronto and Dubai. The group is comprised of 300 professionals, providing Advisory, Fund, Asset and Property Management services in Real Estate as well as Wealth Management services.

Contacts

David Giraud, Chief Executive Officer
Inovalis Real Estate Investment Trust

Tel: +33 1 5643 3323

david.giraud@inovalis.com

Khalil Hankach, Chief Financial Officer
Inovalis Real Estate Investment Trust

Tel: +33 1 5643 3313

khalil.hankach@inovalis.com

TORONTO–(BUSINESS WIRE)–Granite Real Estate Investment Trust (“Granite”) (TSX: GRT.UN / NYSE: GRP.U) expects to announce its financial results for the fourth quarter and year-ended December 31, 2022 after the close of markets on Wednesday, March 8, 2023.

Granite will hold a conference call on Thursday, March 9, 2023 at 11:00 a.m. (ET). The toll-free number to use for this call is 1 (800) 754-1366. For international callers, please call 1 (416) 981-9004. Please dial in at least 10 minutes prior to the commencement of the call. The conference call will be chaired by Kevan Gorrie, President and Chief Executive Officer.

To hear a replay of the scheduled call, please dial 1 (800) 558-5253 (North America) or 1 (416) 626-4100 (international) and enter reservation number 22025151. The replay will be available until Monday, March 20, 2023.

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

LADERA RANCH, Calif.–(BUSINESS WIRE)–Strategic Storage Growth Trust III, Inc. (“SSGT III”), a private company that intends to qualify as a real estate investment trust sponsored by an affiliate of SmartStop Self Storage REIT, Inc. (“SmartStop”), announced today the acquisition of an approximately 1,000-unit self storage facility in Chula Vista, California. The Chula Vista location is the third acquisition for SSGT III since it launched in May 2022.

“The acquisition of this brand new, Class A property located in a densely populated area with dated product brings strong value to the SSGT III portfolio and is expected to positively impact stockholders,” said Wayne Johnson, Chief Investment Officer of SSGT III. “We look forward to leveraging the SmartStop brand and our local experience in the greater San Diego market.”

Located at 970 Industrial Blvd., the facility consists of one three-story building and two single-story buildings with approximately 110,000 square feet of rentable space. The unit mix includes interior climate-controlled units and large exterior non-climate-controlled drive-up units. The property has excellent visibility along heavily trafficked Interstate 5 and is well-positioned to serve the neighborhoods of Castle Park, Harbor Side, Sunny Vista and Lynwood Hills.

About Strategic Storage Growth Trust III, Inc. (SSGT III):

SSGT III is a Maryland corporation that intends to qualify as a REIT for federal income tax purposes. SSGT III’s primary investment strategy is to invest in growth-oriented self storage facilities and related self storage real estate investments in the Unites States and Canada. As of December 21, 2022, SSGT III has a portfolio of three operating properties in the United States comprising approximately 2,900 units and 340,000 rentable square feet.

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

SmartStop Self Storage REIT, Inc. (“SmartStop”) is a self-managed REIT with a fully integrated operations team of approximately 450 self storage professionals focused on growing the SmartStop® Self Storage brand. SmartStop, through its indirect subsidiary SmartStop REIT Advisors, LLC, also sponsors other self storage programs. As of December 21, 2022, SmartStop has an owned or managed portfolio of 179 operating properties in 22 states and Ontario, Canada, comprising approximately 124,800 units and 14.2 million rentable square feet. SmartStop and its affiliates own or manage 22 operating self storage properties in the Greater Toronto Area, which total approximately 19,800 units and 1.9 million rentable square feet. Additional information regarding SmartStop is available at www.smartstopselfstorage.com.

Contacts

David Corak
VP of Corporate Finance

SmartStop Self Storage REIT, Inc.

949-429-3331

IR@smartstop.com

The Saint-Gobain North America Foundation Donates Over $1.4 Million to Non-profits Across the U.S. and Canada in 2022

MALVERN, Pa.–(BUSINESS WIRE)–This year, the Saint-Gobain North America Foundation, the corporate foundation of Saint-Gobain North America (SGNA) celebrates over two decades of making a difference in the communities where it operates and building a culture that inspires employees to engage in philanthropy. As an extension of the Company’s purpose and long-term guiding principle –to make the world a better home — the SGNA Foundation was established in 2001 to help build stronger, more resilient communities through national grants, community outreach, volunteerism, and direct employee support.

Over the last 21 years, the SGNA Foundation has partnered with hundreds of non-profit organizations to support projects in its communities related to sustainable habitat development, STEM education, and workforce development and training – with over $1.4 million distributed to local non-profits positively impacting and uplifting communities where SGNA is located in 2022 alone.

“With over 150 locations and more than 15,000 employees across the U.S. and Canada, we have a major role to play in the social and economic vitality of the communities where we operate in North America,” said Joe Bondi, President of the Saint-Gobain North America Foundation. “We believe we have an important responsibility to use our scale and our reach to stand behind the values that drive us. The SGNA Foundation, and its programs, are a direct manifestation of our commitment to that responsibility, and how we stand by our Company’s purpose and empower our workforce to live out our values each day.”

This year, the SGNA Foundation has helped the Company’s local communities grow and thrive by supporting a range of causes. Through initiatives led by the SGNA Foundation, SGNA employees feel inspired not only to contribute to the causes they personally care about, but also participate in fundraising events that directly benefit the communities where they live, work, and raise their families. The Foundation’s most notable contributions in 2022 include:

• $455,000 in local donations made through the Foundation’s Community Gifts program, which enables each Saint-Gobain facility in North America to target its philanthropic support according to local needs and priorities.

• Over $50,000 in matching gift donations to the Ukraine 2022 Emergency Appeal via the International Committee of the Red Cross and Canada Campaign: Canadian Red Cross Ukraine Humanitarian Crisis Appeal. This donation was made through the Foundation’s Matching Gifts program and represents the largest matching gift made in North America in the Company’s history.

• Hundreds of thousands of dollars of donated products and materials, including Saint-Gobain roofing, insulation, gypsum, siding, fence, railing, and other products used to build homes in SGNA’s communities. These donations were made through the Foundation’s longstanding national partnerships with Homes for Our Troops, Habitat for Humanity, Good360 Youthbuild USA, and World Vision.

• Through the SGNA Foundation’s volunteer program, colleagues across the Company donated hundreds of hours of community service and volunteerism given in support of the work of hundreds of non-profits across the U.S. and Canada.

About CertainTeed

Through the responsible development of innovative and sustainable building products, CertainTeed, headquartered in Malvern, Pennsylvania, has helped shape the building products industry for more than 115 years. Founded in 1904 as General Roofing Manufacturing Company, the firm’s slogan “Quality Made Certain, Satisfaction Guaranteed,” inspired the name CertainTeed. Today, CertainTeed is a leading North American brand of exterior and interior building products, including roofing, siding, solar, fence, railing, trim, insulation, drywall and ceilings. www.certainteed.com.

About Saint-Gobain

Worldwide leader in light and sustainable construction, Saint-Gobain designs, manufactures and distributes materials and services for the construction and industrial markets. Its integrated solutions for the renovation of public and private buildings, light construction and the decarbonization of construction and industry are developed through a continuous innovation process and provide sustainability and performance. The Group’s commitment is guided by its purpose, “MAKING THE WORLD A BETTER HOME.”

€44.2 billion in sales in 2021

167,000 employees, located in 76 countries

Committed to achieving Carbon Neutrality by 2050

For more details on Saint-Gobain, visit http://www.saint-gobain.com and follow us on Twitter @saintgobain.

Contacts

Media Contacts
Saint-Gobain in North America:

Brenda A. Heller

Saint-Gobain Corporate Communications

Media@saint-gobain.com

AUSTIN, Texas–(BUSINESS WIRE)–#Canada–Businesses on Haida Gwaii can now sign up for no-cost energy assessments as part of BC Hydro’s new Commercial Building Energy Efficiency Program (CBEEP), delivered by CLEAResult’s local Canadian team, Ecofitt, who has a long history of community engagement in the region.

The commercial program is the first of its kind to provide businesses in the small, remote communities of Haida Gwaii with opportunities to reduce energy use through free energy efficiency upgrades. CLEAResult, Ecofitt and BC Hydro will be working closely with the Haida Nation communities of Skidegate and Old Massett to enable them to take full advantage of everything the program has to offer.

“Making energy efficiency easy and accessible for Haida Gwaii businesses is vital to protecting the unique environment of the islands,” said Ryan Shaw, CLEAResult’s Senior Vice President of Canada. “By working directly with community leaders, we can ensure we’re providing a program that serves the specific needs of local businesses and indigenous communities.”

CLEAResult, the largest energy efficiency, energy transition and decarbonization solutions provider in Canada and the U.S., was awarded the contract in October, marking the company’s first commercial program in the area since acquiring Ecofitt earlier this year.

Participating businesses will receive an energy assessment to determine eligible upgrades, then switch to more energy-efficient lighting, heating systems and water fixtures, plus replace inefficient refrigerators and freezers as needed—all at no cost.

“Energy efficiency is one of our best tools for reducing reliance on diesel-generated electricity on Haida Gwaii,” BC Hydro’s Program Manager, Amy Seabrooke, added. “This new program enables our customers on Haida Gwaii to save energy and money while providing broader benefits to the whole community.”

With residential and commercial energy efficiency programs now available, people living on Haida Gwaii have multiple options for saving energy and reducing greenhouse gas emissions.

Haida Gwaii businesses can find the full program details and apply for an assessment online.

About CLEAResult

CLEAResult is the largest provider of energy efficiency, energy transition, and decarbonization solutions in North America. Since 2003, our mission has been to change the way people use energy. Today, our experts lead the transition to a sustainable, equitable, and carbon-neutral future for our communities and our planet. Our hometown teams collaborate with a diverse network of local partners to deliver world-class technology and personalized services that make it easy for commercial and industrial businesses, governments, utilities and residential customers to reduce their energy use and carbon footprint. CLEAResult is headquartered in Austin, Texas, and has over 2,400 employees in more than 60 cities across the U.S. and Canada. CLEAResult is majority owned by TPG through its middle market and growth equity investment platform TPG Growth and its multi-sector global impact investing strategy The Rise Fund.

Explore all our energy solutions at clearesult.com.

Follow us on: Facebook | LinkedIn | Twitter | Instagram

Contacts

media@clearesult.com
Amber Tester
Director Corporate Communications

SAN FRANCISCO–(BUSINESS WIRE)–#greeleyhansen–TYLin, a globally recognized, full-service infrastructure consulting firm, announced today it is expanding its water and wastewater capabilities in North America with the acquisition of Chicago-based Greeley and Hansen, a leading water infrastructure engineering firm known for creating some of the world’s largest and first-of-its-kind water and wastewater treatment facilities in the U.S. and Latin America. Greeley and Hansen will continue to go to market as Greeley and Hansen, A TYLin Company.

Founded in Chicago in 1914, Greeley and Hansen is an award-winning global engineering, architecture, and consulting firm solely dedicated to providing sustainable engineering solutions for a broad range of water, wastewater, and solid waste challenges. With over 100 years of proven civil and environmental engineering experience in all phases of project development and implementation, the firm has grown to become a premier global provider of comprehensive services in the water sector. With more than 20 offices in the U.S. and Latin America, Greeley and Hansen is dedicated to designing better urban environments worldwide.

“The acquisition of Greeley and Hansen advances our strategy to leverage our current water sector capabilities to help transform TYLin into a leader in the water market in the Americas,” said TYLI Group President and Chief Executive Officer Matthew G. Cummings, P.E. “TYLin’s prowess in infrastructure, coupled with Greeley and Hansen’s strong industry-wide reputation in water and wastewater engineering technologies and construction, will make us a powerful force as we strive to improve the quality of life in the communities our clients serve.”

“For more than a century we have made it our mission at Greeley and Hansen to improve urban environments by solving complex water, wastewater, and solid waste challenges with sophisticated engineering solutions,” said John C. Robak, Chairman and CEO of Greeley and Hansen. “Our bespoke engineering solutions and designs have created some of the world’s best and largest water and wastewater treatment facilities — from Chicago to Colombia. As part of TYLin, Greeley and Hansen will have even more resources and scale, and an even greater ability to provide clients with the advanced technologies and innovative ideas we have been known for since our founding 11 decades ago. This coming together is very symbiotic. TYLin offers broader engineering resources and provides us with tremendous breadth, while Greeley and Hansen is an expert in water, providing TYLin with amazing depth.”

As part of the acquisition, Greeley and Hansen’s Chairman and CEO John C. Robak will step down after serving as an advisor during the transition. He plans to continue his endeavors in philanthropy and civic engagement. Greeley and Hansen Chairman Emeritus Andy Richardson and President Paul Vogel will retire.

TYLin’s newly expanded water sector will now be led by Greeley and Hansen’s Michael J. Hope, P.E., who was previously a Principal and Executive Vice President at Greeley and Hansen, leading client engagements and business development. Hope joins TYLin as President of Greeley and Hansen and Senior Vice President of TYLin. TYLin’s Abe Khademi, SVP, will continue to oversee the TYLin Water Sector in Canada and work with Hope to develop plans for a unified water team.

“In addition to being a very strategic business decision, the acquisition of Greeley and Hansen is also a solid cultural fit,” said TYLin’s Cummings. “Our firms have similar cultures and priorities. We both place immense value on our people, our portfolio of clients and projects, and the impact we are recognized for delivering to our clients and the communities we serve. These constants have driven our individual success and, together, will remain a key tenet to our future growth and success.”

In early 2022, TYLin reorganized its operations into market-facing sectors focused on the diverse segments of the buildings, transportation, and water sectors. In April, TYLin acquired Silman, a leading structural engineering firm to enhance its buildings sector. The acquisition of Greeley and Hansen supports the firm’s strategy to grow its global water practice.

TYLin was recently ranked No. 31 in Engineering News-Record’s (ENR) 2022 listings of the Top 500 Design Firms, moving up four spots from 2021. Greeley and Hansen is also included in ENR’s Top 500 list and also places in its Top-20 Designers in Sewer and Waste rankings.

About TYLin

Founded in 1954, TYLin is a globally recognized, full-service infrastructure consulting firm committed to providing innovative, cost-effective, constructible designs for the global infrastructure market. With 3,200 employees working in 65 offices throughout the Americas, Asia, and Europe, the firm provides support on projects of varying size and complexity. TYLin is part of Dar Group, one of the world’s leading architecture, engineering, project management and energy consultancy groups. For more information about the company, please visit www.tylin.com.

About Greeley and Hansen

Founded in Chicago in 1914, Greeley and Hansen is an award-winning global engineering, architecture, and consulting firm solely dedicated to providing sustainable engineering solutions for a broad range of water and wastewater challenges. With more than 100 years of proven civil and environmental engineering experience in all phases of project development and implementation, the firm has grown to become a premier global provider of comprehensive services in the water sector. With more than 20 offices, Greeley and Hansen is dedicated to designing better urban environments worldwide. Greeley and Hansen’s first client — Metropolitan Water Reclamation District of Greater Chicago — remains a key client today, 108 years later, along with a stellar roster of other world-class municipal water utilities and industrial clients.

Advisors

Eversheds Sutherland (US) LLP served as legal advisor to TYLin.

Roth Capital Partners, LLC and Cabrera Capital Markets served as financial advisors and Thompson Coburn LLP served as legal advisor to Greeley and Hansen LLC.

Contacts

Michael Luhning

Global Brand & Communications Officer

TYLin

+1.618.606.2595

michael.luhning@tylin.com

Miguel Carbajal

Public Relations & Community Affairs

Greeley and Hansen

+1.312.578.2427

mcarbajal@greeley-hansen.com

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 that Platinum Group Real Estate Team, a highly successful team serving the Mid-Atlantic region, is joining its growing network of agents. The team’s addition brings Real to over 8,000 agents serving the U.S. and Canada.

Platinum Group was founded by Karen Cooper and Vicky Noufal and has closed more than $1 billion in real estate transactions since it was founded in 2015. With nearly 40 years of combined real estate experience serving Virginia, Maryland and Washington, D.C., Cooper and Noufal sought to build a team that emphasized the strengths of more experienced agents. The team’s 26 agents average over nine years in the industry and successfully closed approximately $250 million in real estate transactions within the last year.

Made up almost exclusively of women, supporting women’s growth is one of the team’s most foundational values. Cooper is the Founder and Chief Executive Officer of Empowering Women in Real Estate^®, a community of over 31,000 women nationwide, and the host of Empowering Women in Real Estate^® – The Podcast.

“We are so happy to welcome Karen, Vicky and the entire Platinum Group to Real, which now boasts a community of more than 8,000 agents who share our vision of reimagining the residential transaction experience,” said Real Chairman and Chief Executive Officer Tamir Poleg. “Since the start of the year, we’ve increased our agent base more than 108 percent, and we are excited to continue our growth in 2023.”

On joining Real, Cooper said, “The real estate industry is shifting. Today’s agents work so hard to serve their clients and communities, but many find it difficult to plan for their financial futures. Real’s compensation model rewards all agents—not solely the most elite producers. Real offers something that’s accessible to everyone, and that’s what we wanted to provide for our team.”

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 growth and the business and strategic plans of 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. 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 45 states, D.C., and three Canadian provinces with over 8,000 agents. Additional information can be found on its website at www.onereal.com.

Contacts

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)–Slate Office REIT (TSX: SOT.UN) (the “REIT”), an owner and operator of high-quality workplace real estate, announced today that it proposes to amend the terms of its 5.25% convertible unsecured subordinated debentures due February 28, 2023 (the “Debentures”) to: (i) increase the interest rate from 5.25% to 9.00%, effective February 28, 2023, (ii) decrease the conversion price from $10.53 per REIT unit to $5.50 per REIT unit, (iii) extend the maturity date from February 28, 2023 to February 28, 2026, and (iv) provide that the Debentures are not redeemable prior to February 28, 2025 and, at any time after February 28, 2025, the REIT shall be permitted to redeem the amended Debentures, in whole or in part at a price equal to the principal amount thereof plus accrued and unpaid interest to, but excluding, the date of the redemption (collectively, the “Amendments”).

The REIT is soliciting consents and proxies from the holders of the Debentures (the “Debentureholders”), to pass an extraordinary resolution to approve the Amendments (the “Extraordinary Resolution”). If Debentureholders representing not less than 66 2/3% of the principal amount of the Debentures deliver valid consents and proxies voting FOR the approval of the Extraordinary Resolution by January 26, 2023 (the “Consent Solicitation”), the Extraordinary Resolution will be passed and no meeting of Debentureholders will be held.

If the Consent Solicitation condition is not met, the REIT will hold a meeting of the Debentureholders (the “Meeting”) on January 27, 2023 to approve the Extraordinary Resolution. Approval of the Extraordinary Resolution at the Meeting requires not less than 66 2/3% of the principal amount of the Debentures, present or represented by proxy at the Meeting to vote in favour of the Extraordinary Resolution. The quorum for the Meeting requires at least 25% of the principal amount of the outstanding Debentures to be present at the Meeting, in person or by proxy. Should a Meeting be held and a Debentureholder wish to attend the Meeting or appoint a proxy to attend the Meeting, the Debentureholder should immediately contact Kingsdale Advisors, the Solicitation Agent, to obtain the proxy appointment instructions.

Despite the deadlines described above, if the REIT receives the required level of approval for the Amendments by consent or vote, and a supplemental indenture to implement the Amendments is signed, Debentureholders as at the Record Date (as defined below) who responded favourably to the Extraordinary Resolution by providing both a valid consent and proxy in favour of the Extraordinary Resolution, in each case, before 5:00 p.m. (Eastern time) on January 20, 2023 (the “Consent Fee Deadline”), will be eligible to receive a fee (the “Consent Fee”). The Consent Fee will be payment of $5.00 for each $1,000 principal amount of Debentures. Debentureholders who do not respond to the foregoing by the Consent Fee Deadline will not receive payment of the Consent Fee even though the indenture will be binding on them if it becomes effective.

The REIT will mail and/or otherwise deliver a management information circular and consent solicitation statement and related proxy and consent solicitation materials (the “Debentureholder Materials”) to the holders of the Debentures in connection with each of the Consent Solicitation and the Meeting. The REIT will issue a further press release when these materials become available on SEDAR at www.sedar.com.

Only holders of record of the Debentures as of 5:00 p.m. ET on December 21, 2022 (the “Record Date”) are eligible to receive notice of the Meeting, and receive the Debentureholder Materials with respect to the Extraordinary Resolution.

Kingsdale Advisors is acting as the Solicitation Agent and Tabulation Agent for the Consent Solicitation. Debentureholders may contact Kingsdale Advisors regarding: (i) questions concerning the terms of the Consent Solicitation, (ii) assistance with completing proxy and consent solicitation materials, or (iii) requests of additional copies of the Debentureholder Materials at: 1-800-775-1986 or by email at corpaction@kingsdaleadvisors.com.

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-SA

Contacts

For Further Information
Investor Relations

+1 416 644 4264

ir@slateam.com

LADERA RANCH, Calif.–(BUSINESS WIRE)–Strategic Storage Trust VI, Inc. (“SST VI”), a publicly registered real estate investment trust sponsored by an affiliate of SmartStop Self Storage REIT, Inc. (“SmartStop”), announced today the acquisition of an approximately 132,000 square foot self storage facility in Cambridge, Ontario, Canada with approximately 930 interior climate-controlled units and approximately 320 RV and parking spaces.

The property is located at 111 Savage Drive in Cambridge and was converted to self storage from 2019 through 2022 and is the largest self storage facility within the trade area. It is conveniently located just minutes from the Alison, Galt, East Galt, Fiddlesticks, Greenway-Chaplin, and Christopher-Champlain neighborhoods. Numerous new residential developments of more than 5,000 units are planned within a 10-minute drive of the property.

“This property is well-situated to provide the growing communities of Cambridge with a modern, spacious self storage facility while also driving the potential for stockholder value,” said H. Michael Schwartz, CEO and President of SST VI. “We are pleased to add this top-quality property to our SST VI portfolio and expand SST VI’s footprint in Canada.”

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

SST VI is a Maryland corporation that qualifies as a REIT for federal income tax purposes. SST VI’s primary investment strategy is to invest in income-producing and growth self storage facilities and related self storage real estate investments in the United States and Canada. As of December 20, 2022, SST VI has a portfolio of 13 operating properties in the United States comprising approximately 8,660 units and 1,005,000 rentable square feet (including parking); two properties with approximately 2,155 units and 354,850 rentable square feet (including parking) in the Greater Toronto Area; and joint venture interests in two development properties in Toronto, Ontario.

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

SmartStop Self Storage REIT, Inc. (“SmartStop”) is a self-managed REIT with a fully integrated operations team of approximately 450 self storage professionals focused on growing the SmartStop® Self Storage brand. SmartStop, through its indirect subsidiary SmartStop REIT Advisors, LLC, also sponsors other self storage programs. As of December 20, 2022, SmartStop has an owned or managed portfolio of 178 operating properties in 22 states and Ontario, Canada, comprising approximately 123,800 units and 14.1 million rentable square feet. SmartStop and its affiliates own or manage 22 operating self storage properties in the Greater Toronto Area, which total approximately 19,800 units and 1.9 million rentable square feet. Additional information regarding SmartStop is available at www.smartstopselfstorage.com.

Contacts

David Corak
VP of Corporate Finance

SmartStop Self Storage REIT, Inc.

IR@smartstop.com

Projects Will Add 600 Megawatt-Hours of Storage Capacity to Origis Solar Sites

MIAMI & LAKE MARY, Fla.–(BUSINESS WIRE)–#BESS–Origis Energy, one of America’s largest solar and energy storage developers, has contracted Mitsubishi Power Americas to deliver three utility-scale battery energy storage system (BESS) projects totaling 150 megawatts / 600 megawatt hours. The projects will be co-located with three Origis Energy photovoltaic solar facilities in the Southeast United States to reduce curtailment of excess solar generation which will enable greater efficiency and higher capacity of the sites.

Origis will use the Mitsubishi Power Emerald storage solution for the three projects, successively coming online over the next two years. Origis has pioneered large-scale solar in the Southeast, working with leading utilities, municipalities and electric cooperatives to deploy over 1.5 gigawatts of operational and contracted projects in the region. The company’s U.S. total for operational and contracted solar and BESS projects are over 4 GWs. Energy storage enables Origis to add grid services to renewable energy generation. Consequently, Origis has 2.3 gigawatt hours (GWh) of BESS projects contracted or in negotiation with 13.7 GWh currently being developed.

“Storage of renewably generated power is an increasingly important grid asset,” said Kenneth Kim, Vice President, Engineering & Strategy Planning, Origis Energy. “By adding the BESS solution to these facilities, we increase the value of the asset, adding enhanced grid solutions to clean, cost-effective solar power. We thank Mitsubishi Power for their collaboration on these projects, creating long-term benefits for our customers.”

The BESS projects will employ Mitsubishi Power’s Emerald Integrated Plant Controller – an Energy Management System (EMS) and Supervisory Control and Data Acquisition (SCADA) system – that instructs the BESS when to charge and deploy, monitors status, sends alarms and alerts and enables long-term data storage.

“The Emerald storage solution technology we’re delivering for Origis follows rigorous NERC CIP and IEC 62443 Security Development Lifecycle Process policy and processes aligned to industry best practices,” said Alejandro Schnakofsky, Vice President of Global Strategy, Energy Storage Solutions, Mitsubishi Power Americas. “It is imperative in everything we do to protect energy systems and operators with the strongest level of cybersecurity possible.”

Mitsubishi Power has more than 2.5 GWh of utility-scale BESS projects in various stages of deployment globally that increase renewable efficiency, capacity, and flexibility.

About Origis Energy

Origis Energy is bringing clean and cost effective solar and energy storage solutions within reach for utility, commercial and industrial as well as public sector clients. The Origis team has worked to ensure the interests of all stakeholders are upheld in 170 projects worldwide totaling more than 5 GW to date of developed solar and energy storage capacity. Headquartered in Miami, FL, Origis Energy delivers excellence in solar and energy storage development, financing, engineering, procurement and construction (EPC) and operations, maintenance and asset management for investors and clean energy consumers in the US. Visit us at www.OrigisEnergy.com.

About Mitsubishi Power Americas, Inc.

Mitsubishi Power Americas, Inc. (Mitsubishi Power) headquartered in Lake Mary, Florida, employs more than 2,300 power generation, energy storage, and digital solutions experts and professionals. Our employees are focused on empowering customers to affordably and reliably combat climate change while also advancing human prosperity throughout North, Central, and South America. Mitsubishi Power’s power generation solutions include gas, steam, and aero-derivative turbines; power trains and power islands; geothermal systems; PV solar project development; environmental controls; and services. Energy storage solutions include green hydrogen, battery energy storage systems, and services. Mitsubishi Power also offers intelligent solutions that use artificial intelligence to enable autonomous operation of power plants. Mitsubishi Power is a power solutions brand of Mitsubishi Heavy Industries, Ltd. (MHI). Headquartered in Tokyo, Japan, MHI is one of the world’s leading heavy machinery manufacturers with engineering and manufacturing businesses spanning energy, infrastructure, transport, aerospace, and defense. For more information, visit the Mitsubishi Power Americas website and follow us on LinkedIn.

Contacts

Glenna Wiseman

Origis Energy

+1 408-478-2570

Glenna.Wiseman@OrigisEnergy.com

Christa Reichhardt

Mitsubishi Power

+1 407-484-5599

Christa.Reichhardt@amermhi.com

WEST PALM BEACH, Fla.–(BUSINESS WIRE)–Chatham Lodging Trust (NYSE: CLDT), a hotel real estate investment trust (REIT) focused on investing in upscale extended-stay hotels and premium branded, select-service hotels, today announced that it has increased commitments under its senior unsecured revolving credit facility by $45 million with the addition of Royal Bank of Canada as a top tier lender.

With this incremental commitment, Chatham’s unsecured revolving credit facility increases to $260 million. Combined with its new $90 million term loan, Chatham received commitments of $350 million that replace Chatham’s previous $250 million senior unsecured credit facility that was scheduled to mature in 2023. Inclusive of extension options, the revolving credit facility and term loan mature in October 2027. Chatham has up to six months to borrow funds under the unsecured term loan and intends to fully draw the $90 million within that time frame to repay maturing secured debt. There are currently no borrowings outstanding on either facility.

“We are excited to add another great financial institution to our outstanding group of participating lenders, further solidifying our financial position for the next five years and providing even more flexibility to manage our maturing debt over the next couple of years and capacity to acquire hotels,” highlighted Jeremy Wegner, Chatham’s chief financial officer.

About Chatham Lodging Trust

Chatham Lodging Trust is a self-advised, publicly traded real estate investment trust focused primarily on investing in upscale extended-stay hotels and premium-branded, select-service hotels. The company owns 39 hotels totaling 5,914 rooms/suites in 16 states and the District of Columbia. Additional information about Chatham may be found at chathamlodgingtrust.com.

This press release may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 about Chatham Lodging Trust, including those statements regarding acquisitions, capital expenditures, future operating results and the timing and composition of revenues, among others, and statements containing words such as “expects,” “believes” or “will,” which indicate that those statements are forward-looking. Except for historical information, the matters discussed in this press release are forward-looking statements that are subject to certain risks and uncertainties that could cause the actual results or performance to differ materially from those discussed in such statements. Additional risks are discussed in the company’s filings with the Securities and Exchange Commission.

Contacts

Dennis Craven (Company)

Chief Operating Officer

(561) 227-1386

One of North America’s largest non-bank commercial real estate financiers announces restructuring

MIAMI & PALM BEACH, Fla.–(BUSINESS WIRE)–Trez Capital recently announced the restructuring of its Florida office, beginning with ending its joint-venture partnership in the market and closing its Palm Beach office. Capitalizing on the firm’s solid 25-year-history in Canada and across the United States, Trez Capital is opening a new Florida office in the metro Miami area with new regional leadership. Under the continued direction of Trez Capital’s Global Head of Origination, John Hutchinson, the firm will continue building upon its existing market relationships, servicing borrowers, real estate owners and brokers in the Southeastern United States.

Trez Capital is one of North America’s largest non-bank commercial mortgage lenders and equity solution providers. With its new office restructuring of the firm’s Southeastern U.S. origination business led by Hutchinson, Trez Capital will continue to expand its Florida market footprint. In 2010, Trez Capital officially opened its first U.S. office in Dallas with Hutchinson at the helm to focus on the central region and the Southwest. He helped establish the origination team’s relationships cross-country, extending to the Southeast. Hutchinson and his high-performing team have built a solid network of borrowers and investors and are continuing the firm’s expansion in the region.

“Florida and the Southeast remain an incredibly important part of Trez Capital’s business. We have established solid roots in the region and will continue our expansion by investing in our people, reinforcing our ‘boots-on-the-ground’ strategic approach and dedication to our investors,” said Hutchinson. “Our ability to leverage our team’s local market knowledge and varied experience no matter the geographic location has yielded trusted, well-established relationships throughout the country. I am excited about what the future holds for the Florida market and continuing what we do best – delivering results for investors and borrowers.”

Hutchinson and his team of originators have delivered an extensive track record of consistent returns based on providing innovative financing for residential and commercial properties in major high-growth regions across the country. The firm has continued to expand its geographic reach since opening Trez Capital’s first U.S. office a little over a decade ago. Outside of the firm’s Canada offices in Vancouver, Toronto and Montreal, Trez Capital has offices across North America including Dallas, Los Angeles, New York and Seattle while moving its Palm Beach office to Miami.

Today, Trez Capital manages over $5.3 billion in assets under management, has originated over 1,700 loans totaling more than $16.5 billion funded since its inception, with nearly 200 employees.

About Trez Capital

Founded in 1997, Trez Capital is a diversified real estate investment firm and preeminent provider of commercial real estate debt and equity financing solutions in Canada and the United States. Trez Capital offers private and institutional investors strategies to invest in a variety of opportunistic, fully secured mortgage investment funds, syndications, and joint-ventures; and provides property developers with quick approvals on flexible short- to mid-term financing.

With offices across North America, Trez Corporate Group has over $5.3* billion CAD in assets under management and has funded over 1,700 transactions totaling more than $16.5 billion CAD since inception. For more information, visit www.trezcapital.com. (*Trez Corporate Group AUM includes assets held by all Trez-related entities as well as $2.9 billion Manager AUM (Trez Capital Fund Management Limited Partnership)).

Contacts

Leah Williams, Dala Communications for Trez Capital

972-931-7576, ext. 351

Leah@DalaCommunications.com