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Slate Office REIT Announces Change to Board of Trustees

November 29, 2022 By Business Wire

TORONTO–(BUSINESS WIRE)–Slate Office REIT (TSX: SOT.UN) (the “REIT”), an owner and operator of high-quality workplace real estate, today announced that Thomas Farley has resigned as Trustee and Chair of the Board of the REIT for personal reasons. Mr. Farley has served on the Board since May 2017 and has served as Chair of the Board since December 2020.

“I am proud of all we have accomplished in the last five years, reflected by the REIT’s strong track record of growth and delivering results,” Mr. Farley said. “While I wish my personal circumstances would have allowed me to continue to represent and serve unitholders, I am confident that under the leadership of our current management team and Board, the REIT’s best days are ahead.”

The Board of Trustees, on behalf of the REIT, would like to express its sincere gratitude to Mr. Farley for his exceptional contributions and leadership as Chair and Trustee.

Monty Baker has been appointed Interim Chair of the Board of Trustees. In addition, Michael Fitzgerald has been appointed Chair of the Investment Committee. As part of its ongoing refreshment process, the Board of Trustees will conduct a search for an additional Trustee to stand for election at its upcoming Annual and Special Meeting of Unitholders on March 28, 2023, at which time the REIT will also appoint a permanent Chair.

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-BT

Contacts

For Further Information
Investor Relations

+1 416 644 4264

ir@slateam.com

Choice Properties Real Estate Investment Trust Releases Inaugural Pathway to Net-Zero Report

November 23, 2022 By Business Wire

TORONTO–(BUSINESS WIRE)–#valueforgenerations–Choice Properties Real Estate Investment Trust (“Choice Properties” or the “Trust”) (TSX: CHP.UN) today announced the release of its inaugural Pathway to Net-Zero Report (the “Net-Zero Report”). The Net-Zero Report details the Trust’s approach to achieving net-zero emissions across its entire portfolio, including scope 1 and 2 emissions and scope 3 emissions from tenant energy use and development activities, by 2050. The release of the Net-Zero Report follows the validation of the Trust’s greenhouse gas (“GHG”) emissions reduction targets by the Science Based Targets initiative (“SBTi”) earlier this year.

“As one of Canada’s largest landlords and a long-term owner of real estate, we have an important role to play in addressing the greenhouse gas emissions that are contributing to climate change,” said Rael Diamond, President and Chief Executive Officer of the Trust. Mr. Diamond added, “Our Pathway to Net-Zero Report outlines our commitment and approach to achieving net-zero GHG emissions across our portfolio by 2050 and is a major step forward in our sustainability journey.”

The Net-Zero Report builds on the progress Choice Properties has made since issuing its first emissions reduction targets in 2019, including the following key achievements:

  • Reducing same-asset scope 1, 2, and limited scope 3 emissions by 24% in the last three years from a 2019 baseline;
  • Releasing the Trust’s Green Financing Framework and issuing $350 million of unsecured debentures in the Trust’s inaugural green bond offering in November 2021;
  • Owning over 30 million square feet of space certified under LEED or BOMA BEST as of the end of 2021;
  • Becoming one of the first entities in Canada to establish ambitious net-zero emission targets which were validated by SBTi in July 2022;
  • Achieving “Prime Status” by the Institutional Shareholder Services for its ESG Corporate Rating in July 2022;
  • Submitting the Trust’s first response to the CDP Climate Change Questionnaire in July 2022;
  • Improving Choice Properties’ GRESB Standing Investment score to 82, an increase of 4 points from its 2021 score, and achieving a 4-star rating in October 2022; and
  • Piloting GHG-reducing technologies including low-carbon concrete, geo-exchange and dual-fuel heating systems, and high-speed electric vehicle charging stations.

Choice Properties is committed to advancing its Environmental, Social and Governance (“ESG”) program, and the issuance of the Net-Zero Report is a significant milestone in furthering the Trust’s Fighting Climate Change ESG pillar. Details on Choice Properties’ ESG program and performance can be found in its 2021 ESG Report which aligns with leading disclosure standards including the Sustainability Accounting Standards Board (“SASB”) and Task Force on Climate-Related Financial Disclosures (“TCFD”). The 2021 ESG Report and Net-Zero Report are available on the Trust’s website at choicereit.ca/sustainability.

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.

Cautionary Statements Regarding Forward-Looking Statements

This news release may contain forward-looking information within the meaning of applicable securities legislation which reflects the Trust’s current expectations regarding future events, including in respect of the Trust’s net-zero GHG emissions targets and the timing and strategy to achieve such targets. Although the Trust believes that the expectations reflected in such forward-looking information are reasonable, the Trust’s ability to achieve its ESG goals, including achieving its net-zero commitments is based on a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond the Trust’s control, that could cause actual results and events to differ materially from those that are disclosed in or implied by such forward-looking information and may require the Trust to adjust its ESG initiatives, activities or plans to reflect a changing landscape. Such risks and uncertainties include, but are not limited to, the Trust’s ability to meet its GHG reductions targets; the availability, accessibility and suitability of comprehensive and high-quality data; the need for active and continued participation of the Trust’s stakeholders; the development of consistent, robust and comparable ESG metrics and methodologies, in particular in respect of climate change; the development and deployment of new technologies and industry-specific solutions; international cooperation; the development of provincial, national and international laws, policies and regulations in respect of ESG matters; and the factors discussed in the Trust’s current Annual Information Form and most recent MD&A.

The forward-looking statements in this news release are presented for the purpose of assisting investors and other stakeholders in understanding our ESG priorities, strategies and objectives, and may not be appropriate for other purposes. Undue reliance should not be placed on the forward-looking information in this news release. The Trust does not undertake any obligation to update such forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required by applicable law. All forward-looking statements contained in this news release are made as of the date hereof and are qualified by these cautionary statements.

Contacts

For further information:
Mario Barrafato

Chief Financial Officer

Choice Properties REIT

(416) 628-7872

Mario.Barrafato@choicereit.ca

&Capital Launches Health & Safety Services Company, SafetyCo Partners, and Announces Initial Investment

November 23, 2022 By Business Wire

– Entrepreneurial private equity firm builds first-of-its-kind, integrated safety consulting solution, offering clients a competitive advantage –

TORONTO–(BUSINESS WIRE)–#Canada–Private equity firm, &Capital, announced the launch of SafetyCo Partners (“SafetyCo”) today, which offers an integrated suite of occupational health and safety and environmental services. SafetyCo, with its one-of-a-kind portfolio of services, aims to change the face of safety consulting in Canada. Services offered by SafetyCo will provide a competitive advantage to clients in the industrial, infrastructure, construction, and education sectors who value safety best practice as part of a leading business culture. With an initial investment and partnership in Toronto industry leader, Safety Design Strategies (“SDS”), SafetyCo is focused on rapid growth and taking a leading market position in a presently siloed industry. SafetyCo plans to announce subsequent investments and partnerships in the near future.

Founded in 2007, SDS is a leading firm focused on safety consulting, inspection, confined space rescue, and training, working with clients to ensure compliance with Ministry of Labour requirements. SDS brings 26 employees to the SafetyCo team, as well as key client relationships, including Fortune 500 companies, crown corporations, and government entities. Through its partnership with SafetyCo, SDS will continue to drive its mission of helping clients build strong safety cultures while accelerating business growth.

“Safety consulting businesses have typically either been region-based or single-service-based. With the increased importance around safety as a core business driver and the corporate focus on environmental, social and governance (ESG) principles, we see a strong opportunity to integrate a historically fragmented industry and make it more inclusive to better serve the client base,” said Mark Ferrier, Co-Founder and Managing Partner of &Capital.

“For partners joining us at SafetyCo, we are providing opportunities for operational engagement, organizational growth, capital allocation, and liquidity for businesses in transition and transformation. Our philosophy is founder-driven, and we believe successful business growth comes from investments in purpose, people, and a culture of client service,” commented Pablo Vallejo, Co-Founder & Managing Partner of &Capital.

SafetyCo is a customer-focused company bringing safety services to better serve the demands of its clients, which typically include both public and private sector organizations in the industrial development, infrastructure, education, and commercial and residential real estate sectors. Partnering with SafetyCo offers value-added services for health and safety industry entrepreneurs and management teams, including shared back-office functions and software, cross-selling opportunities, business optimization through data analytics, and access to a growth network; ultimately allowing entrepreneurs to focus their energy on doing more of the work they enjoy.

“I’ve been in the safety consulting business for over 15 years and have witnessed the challenges and fragmentation that exists. I believe there is a huge opportunity to provide better and more consolidated services, and I see a growing need over the next 10 years as the demand for trained workers increases,” said Bill Glover, President of Safety Design Strategies.

“I have been looking for the right partner to help SDS meet the growing demand for safety services. I’m excited about the resources and passion the &Capital team brings to the table. I look forward to seeing the value we can unlock together in this multi-decade growth opportunity, and to delivering services that translate into safer work environments for our growing client base,” added Bill.

About SafetyCo

SafetyCo provides clients with best-in-class safety consulting, industrial and construction safety training, site inspection, and confined space rescue services. Our team of safety consultants, safety managers, safety officers, safety trainers, and rescue technicians seamlessly execute safety requirements across industrial, infrastructure, construction, and education clients. With a focus on innovation, our diverse and experienced team creates best-in-class safety solutions by leveraging the latest in data and technology.

SafetyCo is seeking to invest in and partner with businesses across Canada that offer health & safety and environmental services. Ideal partners have a strong reputation, operate at the highest level of integrity, and have an experienced management team. For more information, visit: safetyco.ca

About Safety Design Strategies

Safety Design Strategies focuses on safety consulting, inspection, confined space rescue, and training in the Greater Toronto Area. SDS’s mission is to effectively communicate and implement safety strategies that save lives, provide a safe environment for workers, and ensure that our clients are in compliance with Ministry of Labour safety requirements. For more information, visit: sds-safety.com

About &Capital

&Capital is an entrepreneurial private equity firm focused on value creation through platform development and consolidation within niche industry verticals. Firm partners bring an entrepreneurial spirit and a diverse skillset to bear for their partners, which includes deep expertise in business growth initiatives, operational streamlining, and strategic capital allocation. With a view of offering permanent capital to partners, the firm is focused on investing in founders and SMEs who are either in transition or poised for transformation. For more information, visit: andcapital.ca

Contacts

Investors/Partners:
Pablo Vallejo

pablo@andcapital.ca
647-570-6353

Media:
Julia Harper

julia@andcapital.ca
647-330-4706

Dream Office REIT Announces November 2022 Monthly Distribution

November 22, 2022 By Business Wire

TORONTO–(BUSINESS WIRE)–DREAM OFFICE REIT (TSX: D.UN) (“Dream Office” or the “Trust”) today announced its November 2022 monthly distribution of 8.333 cents per REIT Unit, Series A ($1.00 annualized). The November distribution will be payable on December 15, 2022 to unitholders of record as at November 30, 2022.

Dream Office REIT is an unincorporated, open-ended real estate investment trust. Dream Office REIT is a premier office landlord in downtown Toronto with over 3.5 million square feet owned and managed. We have carefully curated an investment portfolio of high-quality assets in irreplaceable locations in one of the finest office markets in the world. For more information, please visit our website at www.dreamofficereit.ca.

Contacts

For further information, please contact:

Michael J. Cooper

Chairman and Chief Executive Officer

(416) 365-5145

mcooper@dream.ca

Jay Jiang

Chief Financial Officer

(416) 365-6638

jjiang@dream.ca

Dream Impact Trust Announces November 2022 Monthly Distribution

November 22, 2022 By Business Wire

TORONTO–(BUSINESS WIRE)–DREAM IMPACT TRUST (TSX: MPCT.UN) (“Dream Impact” or the “Trust”) today announced its November 2022 monthly distribution in the amount of 3.333 cents per Unit (40 cents annualized). The November distribution will be payable on December 15, 2022 to unitholders of record as at November 30, 2022.

About Dream Impact Trust

Dream Impact Trust is an open-ended trust dedicated to impact investing. Dream Impact’s underlying portfolio is comprised of exceptional real estate assets reported under two operating segments: development and investing holdings, and recurring income, that would not be otherwise available in a public and fully transparent vehicle, managed by an experienced team with a successful track record in these areas. The objectives of Dream Impact are to create positive and lasting impacts for our stakeholders through our three impact verticals: environmental sustainability and resilience, attainable and affordable housing, and inclusive communities; while generating attractive returns for investors. For more information, please visit: www.dreamimpacttrust.ca.

Contacts

DREAM IMPACT TRUST

Meaghan Peloso

Chief Financial Officer

(416) 365-6322

mpeloso@dream.ca

Kimberly Lefever

Director, Investor Relations

(416) 365-6339

klefever@dream.ca

Dream Industrial REIT Announces November 2022 Monthly Distribution

November 22, 2022 By Business Wire

TORONTO–(BUSINESS WIRE)–DREAM INDUSTRIAL REIT (TSX: DIR.UN) (the “Trust”) announced today its November 2022 monthly distribution in the amount of 5.833 cents per Unit (70 cents annualized). The November distribution will be payable on December 15, 2022 to unitholders of record as at November 30, 2022.

Dream Industrial REIT is an unincorporated, open-ended real estate investment trust. As at September 30, 2022, Dream Industrial REIT owns, manages and operates a portfolio of 258 industrial totaling approximately 46.5 million square feet of gross leasable area in key markets across Canada, Europe, and the U.S. Dream Industrial REIT’s objective is to continue to grow and upgrade the quality of its portfolio which primarily consists of distribution and urban logistics properties and to provide attractive overall returns to its unitholders. For more information, please visit our website at www.dreamindustrialreit.ca.

Contacts

For further information:

DREAM INDUSTRIAL REIT

Brian Pauls

Chief Executive Officer

(416) 365-2365

bpauls@dream.ca

Lenis Quan

Chief Financial Officer

(416) 365-2353

lquan@dream.ca

Alexander Sannikov

Chief Operating Officer

(416) 365-4106

asannikov@dream.ca

Dream Unlimited Corp. Announces Special and Quarterly Dividend on Class A Subordinate Voting Shares and Class B Common Shares

November 22, 2022 By Business Wire

TORONTO–(BUSINESS WIRE)–DREAM UNLIMITED CORP. (TSX:DRM) announced today that its board of directors has approved the payment of both a special and quarterly dividend.

A special cash dividend of $0.50 per Class A Subordinate Voting Share and Class B Common Share will be paid on December 30, 2022 to shareholders of record on December 15, 2022. The quarterly cash dividend of $0.10 per Class A Subordinate Voting Share and Class B Common Share will be paid on December 30, 2022 to shareholders of record on December 15, 2022.

The dividends are designated as eligible dividends for the purposes of section 89 of the Income Tax Act (Canada).

Dream is a leading developer of exceptional office and residential assets in Toronto, owns stabilized income generating assets in both Canada and the U.S., and has an established and successful asset management business, inclusive of $17 billion of assets under management across four Toronto Stock Exchange listed trusts, our private asset management business and numerous partnerships. We also develop land and residential assets in Western Canada. Dream expects to generate more recurring income in the future as its urban development properties are completed and held for the long term. Dream has a proven track record for being innovative and for our ability to source, structure and execute on compelling investment opportunities.

Contacts

Dream Unlimited Corp.

Deb Starkman

Chief Financial Officer

(416) 365-4124

dstarkman@dream.ca

Kim Lefever

Director, Investor Relations

(416) 365-6339

klefever@dream.ca

The Dream Group of Companies Publishes 2021 Sustainability Update Report

November 22, 2022 By Business Wire

TORONTO–(BUSINESS WIRE)–The Dream group of companies (“Dream”) comprised of DREAM UNLIMITED CORP. (TSX: DRM) (“Dream Unlimited”), DREAM IMPACT TRUST (TSX: MPCT.UN) (“Dream Impact”), DREAM OFFICE REAL ESTATE INVESTMENT TRUST (TSX: D.UN) (“Dream Office”), DREAM INDUSTRIAL REAL ESTATE INVESTMENT TRUST (TSX:DIR.UN) (“Dream Industrial”) and DREAM RESIDENTIAL REAL ESTATE INVESTMENT TRUST (TSX: DRR.U) (“Dream Residential”) are proud to announce the release of their 2021 Sustainability Update Report available here. This year’s report highlights Dream’s approach to Environmental, Social and Governance (“ESG”) and impact investing, outlines how Dream has further integrated its ESG Framework into its operations, increased its alignment to the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) and reports on our 2021 performance and initiatives.

“At Dream, we pride ourselves on being a leader in impact investing and sustainability combined with our commitment to be transparent and hold ourselves accountable.” said Michael Cooper, Chief Responsible Officer of Dream Unlimited. “In 2021, across the Dream group of companies, we made significant net zero commitments. We are now taking the actions needed to meet our targets, and as part of our commitment to transparency, we will report regularly on our progress towards achieving these goals.”

Highlights of the 2021 Sustainability Update Report include:

  • Dream Unlimited, on behalf of the Dream group of companies, signed onto the United Nation’s Principles for Responsible Investment – an international network of investors working together to implement six key principles to ensure a sustainable global financial system; and joined the Net Zero Asset Managers Initiative, which represents asset managers around the world aligned with net zero GHG emissions targets of 2050 or sooner;
  • Dream being certified as a Great Place to Work® which reflects its commitment to creating a positive work culture for all of its employees; Dream Unlimited’s achievement of being a two-time honouree of the Globe and Mail’s Report on Business “Women Lead Here” program that benchmarks gender parity (2020 and 2021);
  • Dream Impact and Dream Office formalized their commitment to social procurement by establishing clear and measurable targets for utilizing their purchasing practices to generate social and economic value in the communities where they develop and manage real estate assets, and are already on track to meet these targets;
  • Dream Industrial has issued $850 million in Green Bonds to date using its Green Financing Framework;
  • Dream Residential leveraged Dream’s existing ESG framework to incorporate ESG in its culture and day to day operations since its formation, pre-IPO; and
  • The Executive Roundtable, where members of Dream’s executive team discuss how ESG investments and achievements support their business and financial outcomes.

About Dream Unlimited Corp.

Dream Unlimited is a leading developer of exceptional office and residential assets in Toronto, owns stabilized income generating assets in both Canada and the U.S., and has an established and successful asset management business, inclusive of $17 billion of assets under management across four Toronto Stock Exchange listed trusts, our private asset management business and numerous partnerships. We also develop land and residential assets in Western Canada. Dream Unlimited expects to generate more recurring income in the future as its urban development properties are completed and held for the long term. Dream Unlimited has a proven track record for being innovative and for our ability to source, structure and execute on compelling investment opportunities. For more information, please visit: www.dream.ca.

About Dream Impact Trust

Dream Impact is an open-ended trust dedicated to impact investing. Dream Impact’s underlying portfolio is comprised of exceptional real estate assets reported under two operating segments: development and investment holdings, and recurring income, that would not be otherwise available in a public and fully transparent vehicle, managed by an experienced team with a successful track record in these areas. The objectives of Dream Impact are to create positive and lasting impacts for our stakeholders through our three impact verticals: environmental sustainability and resilience, attainable and affordable housing, and inclusive communities; while generating attractive returns for investors. For more information, please visit: www.dreamimpacttrust.ca.

About Dream Office REIT

Dream Office is an unincorporated, open-ended real estate investment trust. Dream Office is a premier office landlord in downtown Toronto with over 3.5 million square feet owned and managed. We have carefully curated an investment portfolio of high-quality assets in irreplaceable locations in one of the finest office markets in the world. For more information, please visit our website at www.dreamofficereit.ca.

About Dream Industrial REIT

Dream Industrial is an unincorporated, open-ended real estate investment trust. As at September 30, 2022, Dream Industrial owns, manages and operates a portfolio of 258 industrial assets totalling approximately 46.5 million square feet of gross leasable area in key markets across Canada, Europe, and the U.S. Dream Industrial’s objective is to continue to grow and upgrade the quality of its portfolio which primarily consists of distribution and urban logistics properties and to provide attractive overall returns to its unitholders. For more information, please visit www.dreamindustrialreit.ca

About Dream Residential REIT

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

Forward Looking Information

This press release may contain forward-looking information within the meaning of applicable securities legislation. Forward-looking information generally can be identified by the use of forward-looking terminology such as “objective”, “may”, “will”, “would”, “could”, “expect”, “believe”, “plan”, “target”, “project”, or “continue”, or similar expressions suggesting future outcomes or events. Some of the specific forward-looking information in this press release may include, among other things, our strategies to generate attractive market returns for our unitholders or shareholders; our objectives and our strategies to achieve those objectives; our ability to achieve our impact and ESG goals; our commitment to be transparent and hold ourselves accountable, including our goal to report regularly on our ESG goals and other sustainability-related and net zero commitments; the involvement and participation of the Dream Entities in ESG and sustainability initiatives and related reporting, assessments and recommendations, including the United Nations’ PRI Reporting and Assessment Framework, the Taskforce on Climate-related Financial Disclosures, the Net Zero Asset Managers Initiative, and other initiatives; Dream’s commitment to create a positive work culture for its employees; Dream Impact’s and Dream Office’s commitment to social procurement, including in respect of attaining certain targets; Dream Unlimited’s expectation that it will generate more recurring income in the future as its development properties are completed and held for the long term. Forward looking information is based on a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond our control that could cause actual results to differ materially from those that are disclosed in or implied by such forward-looking information. These risks and uncertainties include, but are not limited to, the risk of adverse global market, economic and political conditions and health crises; risks inherent in the real estate industry; risks relating to investment in development projects; impact investing strategy risk; risks relating to geographic concentration; risks inherent in investments in real estate, mortgages and other loans and development and investment holdings; credit risk and counterparty risk; competition risks; environmental and climate change risks; risks relating to access to capital; interest rate risk; inflation or stagflation; risks associated with unexpected or ongoing geopolitical events, including disputes between nations, terrorism or other acts of violence, international sanctions and the disruption of movement of goods and services across jurisdictions; risks related to a potential recession in certain of the jurisdictions in which we operate and the effect inflation and any such recession may have on market conditions and lease rates; the risk of changes in governmental laws and regulations; tax risks; foreign exchange risk; acquisitions risk; and leasing risks. Our objectives and forward-looking statements are based on certain assumptions with respect to each of our markets, including the general economy; inflation; that no unforeseen changes in the legislative and operating framework for our business will occur; that we will meet our future objectives, priorities and growth targets; that we receive the licenses, permits or approvals necessary in connection with our projects; that we will have access to adequate capital to fund our future projects, plans and any potential acquisitions; that we are able to identify high quality investment opportunities and find suitable partners with which to enter into joint ventures or partnerships; that we do not incur any material environmental liabilities; interest rates; foreign exchange rates; conditions within the real estate market; and competition for and availability of acquisitions. All forward-looking information in this press release speaks as of the date of this press release. The Dream group of companies does not undertake to update any such forward-looking information whether as a result of new information, future events or otherwise except as required by law. Additional information about these assumptions and risks and uncertainties is contained in the Dream group of companies’ filings with securities regulators, including each of their respective latest annual information forms and MD&As. These filings are also available at Dream Unlimited’s, Dream Impact’s, Dream Office’s, Dream Industrial’s, and Dream Residential’s websites at www.dream.ca, www.dreamimpacttrust.ca, www.dreamofficereit.ca, www.dreamindustrialreit.ca, and www.dreamresidentialreit.ca.

Contacts

Dream Unlimited Corp.


Deb Starkman

Chief Financial Officer

(416) 365-4124

dstarkman@dream.ca

Kim Lefever

Director, Investor Relations

(416) 365-6339

klefever@dream.ca

Dream Impact Trust


Meaghan Peloso

Chief Financial Officer

416-365-6322

mpeloso@dream.ca

Kim Lefever

Director, Investor Relations

416-365-6339

klefever@dream.ca

Dream Office REIT


Michael J. Cooper

Chair and Chief Executive Officer

416-365-5145

mcooper@dream.ca

Jay Jiang

Chief Financial Officer

416- 365-6638

jjiang@dream.ca

Dream Industrial REIT

Brian Pauls

Chief Executive Officer

416-365-2365

bpauls@dream.ca

Lenis Quan

Chief Financial Officer

416-365-2353

lquan@dream.ca

Alex Sannikov

Chief Operating Officer

416-365-4106

asannikov@dream.ca

Dream Residential REIT

P. Jane Gavan

Chief Executive Officer

416-365-6572

jgavan@dream.ca

Derrick Lau

Chief Financial Officer

416-365-2364

dlau@dream.ca

Scott Schoeman

Chief Operating Officer

303-519-3020

sschoeman@dream.ca

Kontrol Technologies Provides Corporate Update

November 21, 2022 By Business Wire

TORONTO–(BUSINESS WIRE)–Kontrol Technologies Corp. (NEO:KNR) (OTCQB:KNRLF) (FSE:1K8) (“Kontrol” or the “Company“) a leader in smart buildings and cities through IoT, Cloud and SaaS technology is providing an update to its previously announced financial covenants breach as at September 30, 2022 (see press release dated November 14, 2022). The Company is in discussions with the relevant financial institution to request a waiver with respect to the breached covenants.

“We are working closely with our lender and reviewing a number of potential solutions,” says Paul Ghezzi, CEO of Kontrol Technologies. “The business of Kontrol continues to deliver energy savings, emission monitoring and reduction, HVAC integration and indoor air quality solutions to our blue-chip customer base. We are focused on getting through this challenging period and are firmly committed to the long-term success of the Company.”

About Kontrol Technologies Corp.

Kontrol Technologies Corp., a Canadian public company, is a leader in smart buildings and cities through IoT, Cloud and SaaS technology. Kontrol provides solutions and services to its customers to improve energy management, monitor continuous emissions and accelerate the sustainability of all buildings.

Additional information about Kontrol Technologies Corp. can be found on its website at www.kontrolcorp.com and by reviewing its profile on SEDAR at www.sedar.com

https://facebook.com/kontroltechcorp/
https://twitter.com/kontrolgroup
https://www.linkedin.com/company/kontrol-group

Forward-Looking Statements

This news release contains “forward-looking information” within the meaning of applicable securities laws. All statements contained herein that are not clearly historical in nature may constitute forward-looking information. In some cases, forward-looking information can be identified by words or phrases such as “may”, “will”, “expect”, “likely”, “should”, “would”, “plan”, “anticipate”, “intend”, “potential”, “proposed”, “estimate”, “believe” or the negative of these terms, or other similar words, expressions, and grammatical variations thereof, or statements that certain events or conditions “may” or “will” happen, or by discussions of strategy.

Where the Company expresses or implies an expectation or belief as to future events or results, such expectation or belief is based on assumptions made in good faith and believed to have a reasonable basis. Such assumptions include, without limitation, that sufficient capital will be available to the Company and that technology will be as effective as anticipated.

However, forward-looking statements are subject to risks, uncertainties, and other factors, which could cause actual results to differ materially from future results expressed, projected, or implied by such forward-looking statements. Such risks include, but are not limited to, that sufficient capital and financing cannot be obtained on reasonable terms, or at all, that technologies will not prove as effective as expected, that customers and potential customers will not be as accepting of the Company’s product and service offering as expected, and government and regulatory factors impacting the energy conservation industry.

Accordingly, undue reliance should not be placed on forward-looking statements and the forward-looking statements contained in this press release are expressly qualified in their entirety by this cautionary statement. The forward-looking statements contained herein are made as at the date hereof and are based on the beliefs, estimates, expectations, and opinions of management on such date. Kontrol does not undertake any obligation to update publicly or revise any such forward-looking statements or any forward-looking statements contained in any other documents whether as a result of new information, future events or otherwise or to explain any material difference between subsequent actual events and such forward-looking information, except as required under applicable securities law. Readers are cautioned to consider these and other factors, uncertainties, and potential events carefully and not to put undue reliance on forward-looking information.

Contacts

Kontrol Technologies Corp.
Paul Ghezzi

CEO

info@kontrolcorp.com
601 Rowntree Dairy Road, Unit B

Woodbridge, ON L4L 5T8

Tel: (905) 766.0400

Granite REIT Declares Distribution for November 2022

November 18, 2022 By Business Wire

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 $0.2583 per stapled unit for the month of November 2022. The distribution will be paid by Granite on Thursday, December 15, 2022 to stapled unitholders of record at the close of trading on Wednesday, November 30, 2022. The stapled units will begin trading on an ex-dividend basis at the opening of trading on Tuesday, November 29, 2022 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 November 30, 2022, 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

or

Andrea Sanelli

Associate Director, Legal & Investor Services

647-925-7504.

Nobul Tops Deloitte’s 2022 Technology Fast 50™ Award Program as Canada’s Fastest Growing Tech Company

November 17, 2022 By Business Wire

TORONTO–(BUSINESS WIRE)–#DeloitteFast50—Nobul Technologies (www.nobul.com), a consumer-centric real estate technology company and digital marketplace that connects home buyers and sellers with the right real estate agent to meet their needs, received recognition as part of the 2022 Deloitte Technology Fast 50™ awards program for its rapid revenue growth, entrepreneurial spirit, and bold innovation.


Celebrating its 25th anniversary, the program recognizes Canada’s 50 fastest-growing technology companies based on the highest revenue-growth percentage over the past four years. Nobul tops the list at #1 with a 72,944 percent in revenue growth from 2018 to 2021.

Deloitte’s Technology Fast 50 program winners consist of public and private companies in the technology sector that are transforming the industry. The program runs alongside the broader Deloitte North American Technology Fast 500™, with winners automatically eligible for this elite ranking.

Nobul’s founder and CEO, Regan McGee, credits the transparency, simplicity and exceptional consumer centric technology driven marketplace with the company’s 72,944 percent growth. McGee said, “I am honored to have Nobul recognized as a leading Canadian technology disruptor and innovator. This award is a true testament to the company’s commitment to meet the evolving needs of consumers who are entering the real estate market and demanding more comprehensive, consumer centric digital tools to help guide them through the complex home buying and selling transaction process. We are proud to be at the forefront in giving consumers the solution they need to make more informed, confident decisions when it comes to one of the most significant transactions of their lives.”

“It’s inspiring how this year’s exceptional cohort of Technology Fast 50 winners have delivered outstanding revenue growth even in the face of prevailing uncertainties in the economy and marketplace,” commented Anders McKenzie, partner and national leader for the Technology Fast 50 program at Deloitte Canada. “Fueled by exemplary innovation, creativity, resilience, adaptability, along with superior business leadership, these companies are paving the way as catalysts in their respective sectors and delivering growth and value to the Canadian economy both at home and beyond.”

To qualify for the Deloitte Technology Fast 50 ranking, companies must have been in business for at least four years, have revenues of at least $5 million, be headquartered in Canada, own proprietary technology, conduct research and development activities in Canada, and invest a minimum of five percent of gross revenues in R&D.

ABOUT THE DELOITTE TECHNOLOGY FAST 50™ PROGRAM

The Deloitte Technology Fast 50 program is Canada’s pre-eminent technology awards program. Celebrating its 25th anniversary, the program recognizes business growth, innovation, and entrepreneurship in four distinct categories: Technology Fast 50 ranking, Enterprise Fast 15, Clean Technology, and Companies-to-Watch. The program also recognizes companies within the North American Technology Fast 500 ranking, identifying thriving technology companies in the United States and Canada. The 2022 program sponsors include Deloitte, RBCx, Osler, EDC, CBRE, Vector Institute, Council of Canadian Innovators (CCI), Clarity Recruitment, Lafond, and TMX. For further information, visit www.fast50.ca.

ABOUT NOBUL

Nobul Technologies (www.nobul.com) is the world’s only open digital consumer-centric marketplace connecting home buyers and sellers to the best real estate agent for them. Nobul’s platform enables buyers and sellers to easily access real estate agents’ transaction histories, pricing, services offered, and genuine reviews from people who have actually used them. The platform brings transparency, choice, accountability and simplicity to the real estate industry through powerful innovative technology supported by real people who truly care. To date, Nobul has achieved billions of dollars in sales across hundreds of markets throughout North America, including Canada, Delaware, Florida, Georgia, Louisiana, Maine, Massachusetts, Missouri, North Carolina, North Dakota, South Carolina, and Texas. The company has won many prestigious awards including the CNBC Upstart 100 Award and has crossed over $5,000,000,000 (five billion dollars) in completed sales, since its inception. For more information, please visit www.nobul.com.

Contacts

Nicole Rodrigues

NRPR Group for Nobul

nicole@nrprgroup.com

Inovalis Real Estate Investment Trust Announces Distributions for December 2022, January and February 2023

November 16, 2022 By Business Wire

TORONTO–(BUSINESS WIRE)–Inovalis Real Estate Investment Trust (the “REIT”) (TSX: INO.UN) announced today that its Board of Trustees has declared the REIT’s monthly cash distribution for the months of December 2022, January and February 2023 as per the following schedule:

Month

Record Date

Distribution Date

Distribution Amount

December, 2022

December 30, 2022

January 16, 2023

$0.034375

January, 2023

January 31, 2023

February 15, 2023

$0.034375

February, 2023

February 28, 2023

March 15, 2023

$0.034375

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

For further information, please contact:

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

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