• Sign up for the Daily Digest Email!
  • Twitter
  • Facebook
  • Google Plus One
  • RSS

REIT REPORT

REIT news, Real Estate Investment Trusts, Canadian REIT News, REIT Stocks Canada

  • Home
  • Headlines
  • Daily Digest Email
  • Canadian REITs

DUO Condos Breaks Ground in Brampton

October 5, 2022 By Business Wire

One of the first new highrise condominium communities, DUO Condos adds 800 new residential units, in alignment with The Brampton 2040 Vision

BRAMPTON, Ontario–(BUSINESS WIRE)–Capping the remarkable sales success at DUO Condos in Brampton by National Homes and Brixen Developments Inc, the construction phase of this important new two tower condominium has officially begun.


Brampton’s 2040 Vision addresses the environment, jobs, urban centres, neighbourhoods, transportation, social matters, health, arts and culture. Offering residents forward-thinking, new highrise communities that are focused on transit accessibility is a major part of that vision.

Officiated by Brampton Councillor Medeiros, the ceremony included guests from each developer. National Homes President & CEO Jason Pantalone, Managing Partners Deena Pantalone and Matthew Pantalone as well as Brixen Developments Inc. Principals Alexander D’Orazio and Andrew Iacobelli were in attendance as well as the DUO team of consultants and trades.

“DUO Condos will be a model for thoughtful communities, offering much needed housing options and amenities that cater to the evolving demographics of the city,” says Andrew Iacobelli, co-founder of Brixen Developments Inc.

The 2.6-acre transit-oriented community, situated at the corner of Steeles Avenue and Malta Ave, just west of Hurontario, will consist of two towers and over 800 units connected by an outdoor Euro-inspired piazza and courtyard. Sheridan College is close by, and the Brampton Gateway Terminal and the new Hazel McCallion LRT Station are only minutes away from DUO and slated for completion in 2024. The LRT will connect residents to Mississauga with 19 stops on the way to the Port Credit GO Station.

“Since 1992, we have had the great privilege of contributing to Brampton’s growth and evolution, including the development of over 1,850 homes in eight communities,” says Jason Pantalone, president and managing partner with National Homes. “We’re proud that with DUO, we are reaching new heights with one of the City’s first high rise condos. It’s a stunning architectural design, and a new landmark address in Brampton.”

For further information on DUO, visit duocondos.ca.

ABOUT NATIONAL HOMES

At National, we’re committed to changing the way people think about homes. We believe that the needs of the customer should be the driving force behind every home we build.

So, before we put pencil to paper, we ask questions… a lot of questions. Of our customers. Of focus groups. Of ourselves. We think about how people are actually going to live in our homes. Then we design them… from the inside out. It’s a different way of thinking. But then, we don’t measure ourselves against what other builders have always done. Because, at National, YOU ARE THE BLUEPRINT™.

ABOUT BRIXEN DEVELOPMENTS INC

Brixen Developments Inc. was formed in 2019 By Alexander D’Orazio and Andrew Iacobelli. The partnership confirmed their common values – commitment to quality, desire to build communities, and the underlying belief that people come first.

Alexander and Andrew hold over 20 years of residential development and construction knowledge. They are determined to integrate their company values into every project. Each of their developments are delivered within budget and within promised schedules without sacrificing their core values.

Contacts

Media:
Carol King
Senior Account Executive
McOuat Partnership

Cell: 905-903-9059

carol@partnership.ca

Domaine Johannsen Rolls Forward as Work Begins on the $40 Million Dollar Project in Mont-Tremblant

October 4, 2022 By Business Wire

Media, partners, and local government gathered today for the ground-breaking ceremony and first official tour of the grounds

MONT-TREMBLANT, Québec–(BUSINESS WIRE)–Anna-Isabelle Morency-Botello, Louis-Philippe Therrien and the Harden family welcomed 120 guests on site to introduce the project as well as premiered the plans for the community and renderings of the 54 lots. The project, which includes lots of over an acre each starting from $89,000, is nestled perfectly between two peaks in the Laurentians and just 12km away from world-renowned Mont-Tremblant.


“We are thrilled to be unveiling the plans and details of this site today,” says Anna-Isabelle Morency-Botello, owner of a real-estate management company. “This has been a project which blends business and passion for my partners and myself. We are thrilled to partake in a project which brings to life a community that is based on a common lifestyle, values, and an environmentally friendly core.”

Rooted in the deep family, human and ecological values of the local area, this subdivision project is a sustainable real-estate development project that will contribute to the local and international reputation of the Town of Mont-Tremblant.

“Harden is thrilled to partner on a project which will house 54 stunning homes,” says Chris Harden, Co-Chief Executive officer at Harden. “We are committed to doing projects which are beneficial for the community, and this is the epitome of that goal as we get to build a community around these values.”

For more detailed information on this development project and to view the newly launched designs and plans, visit https://domainejohannsen.com/

About the project’s partners

Harden

Established in 1985, Harden is a second-generation family-owned real-estate company whose primary objective is to own and operate commercial, residential, and industrial properties in numerous communities throughout the provinces of Québec and Ontario. Its vertical integration allows it to specialize in all facets of the real-estate development process, including development, construction, leasing, and property management.

For more information on Harden, visit www.harden.ca.

Anna-Isabelle Morency-Botello and Louis-Philippe Therrien

Anna-Isabelle and Louis-Philippe are owners of a property management company that owns 60 units in Montréal.

Anna-Isabelle holds an MBA from HEC Montréal as well as a master’s degree in Life Sciences and a bachelor’s degree in Law from Université de Sherbrooke. She is also a real-estate management consultant for a firm with over 500 units. She held the position of CEO for Québec-based flagship company Canus after working as a business lawyer at Norton Rose Fulbright Canada for 5 years.

Louis-Philippe has made his way through the ranks of elite-level downhill skiing. He was a member of the Mont-Tremblant competitive ski team for 10 years and won a gold medal at the Junior Ski World Championships in 1999. Holder of a bachelor’s degree in Kinesiology from the University of Ottawa, Louis-Philippe now has a brilliant career in business development and property management.

Contacts

For information and media relations:

Tia Giannone

Torchia Communications

514 999-1732

tia@torchiacom.com

SmartStop Self Storage to Partner With the Breast Cancer Research Foundation for Fifth Consecutive Year

October 4, 2022 By Business Wire

LADERA RANCH, Calif.–(BUSINESS WIRE)–SmartStop Self Storage REIT, Inc. (“SmartStop” or the “Company”), a self-managed and fully integrated self storage company, announced today its continued partnership with the Breast Cancer Research Foundation® (BCRF) for the month of October. During Breast Cancer Awareness Month, SmartStop will donate $5 directly to BCRF for every new unit rented. This marks the fifth consecutive year that SmartStop has partnered with the organization to support critical work on breast cancer research. Since 2018, SmartStop has raised nearly $100,000 in donations from the U.S. and Canada, equivalent to nearly 2,000 hours of research funded.

BCRF is dedicated to preventing and curing breast cancer by advancing the world’s most promising research. BCRF is the nation’s largest private funder of breast cancer research and is the only breast cancer organization, and cancer organization, to hold an A rating from Charity Watch. CharityWatch’s rating of BCRF includes the financial activities of the Breast Cancer Research Foundation in Canada. BCRF has also earned GuideStar USA’s Gold Seal of Transparency.

“SmartStop Self Storage is committed to spreading awareness and raising funds for BCRF across our self storage stores, corporate headquarters, website and social media channels,” said H. Michael Schwartz, Chairman and CEO of SmartStop. “We are proud to once again partner with BCRF, an organization that works with the best minds in science and medicine to unravel the complexities of cancer.”

About the Breast Cancer Research Foundation

Breast cancer is a complex disease with no simple solution. Research is the key to stopping it in its tracks. Founded in 1993 by Evelyn H. Lauder, BCRF is the largest private funder of breast cancer research in the world. Investing in the best minds in science—from those investigating prevention, diagnosis, treatment, survivorship, and metastasis—and foster cross-disciplinary collaboration, BCRF’s approach accelerates the entire field and moves us closer to the answers we urgently need to be the end of breast cancer. Learn more and get involved at BCRF.org

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 October 3, 2022, SmartStop has an owned or managed portfolio of 176 properties in 22 states and Ontario, Canada, comprising approximately 120,600 units and 13.7 million rentable square feet. SmartStop and its affiliates own or manage 20 operating self storage properties in the Greater Toronto Area, which total approximately 17,050 units and 1.7 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.

949-542-3331

IR@smartstop.com

Ownly Secures an Oversubscribed $2.55M Seed Funding Round

October 4, 2022 By Business Wire

—Capital Will Strengthen Ownly’s Offering As It Continues To Expand Into US Markets—

CALGARY, Alberta–(BUSINESS WIRE)–Ownly—the fast-growth e-commerce PropTech solution for the home buying process—today announced it raised a $2.55 million seed round to support its rapid expansion into U.S. markets. The round was led by Bluesky Equities, with notable participation from NAventures, the corporate venture capital arm of National Bank of Canada as well as Garage Capital.

“With economic uncertainty in the housing market, the affordability crisis is forcing builders and sellers to find new and innovative ways to connect with their customers through cutting-edge technology. Ownly’s platform creates the needed seamless experience for homebuyers and builders,” said Jason Hardy, CEO and Co-Founder of Ownly. “I’m grateful to our investors for trusting our vision, this funding allows us to keep our momentum going at a faster and stronger pace.”

“Ownly’s co-founders have a rare dynamic; it is refreshing to see. Jason is a marketing expert and knows the industry. Ray Yip as the CTO, has the tech knowledge and vision for a great platform,” stated Derrick Hunter, President and CEO of Bluesky Equities. “Having a team that understands its customers is incredibly important to us. Ownly’s market feels right for disruption.”

Since launching in 2020, Ownly has experienced over 100,000 online builds and 4,000 homebuyers in Canada actively shopping for and saving homes through the company’s MyHome Portal. Homebuyers spend more time researching, refining as well as shopping for homes online. Since last year, the average time a user spends online home shopping in a day has increased from eight minutes and 24 seconds to 51 minutes to 23 seconds, an increase of more than 605 percent. With this fresh capital, Ownly can scale its platform and bring a secure, frictionless experience of homebuying into North American markets.

“Jason is a prime example of an entrepreneur who understands the industry and what it needs to truly progress. He saw an opportunity for direct-to-consumer, which is a mentality the industry has been slow to adopt,” stated Mike McCauley, Co-founder and General Partner of Garage Capital. “Ownly offers a very promising concept and the existing early customer traction displays serious initial validation. We are excited to partner with Jason and the rest of the team to help evolve and disrupt the industry.”

“NAventures, the corporate venture capital arm of National Bank of Canada, is pleased to support Ownly’s vision to modernize the homebuying experience,” offered James Povitz, Principal of NAventures. “Ownly’s white-label solution is nimble and provides multiple benefits to builders and their sales teams. Ownly also empowers prospective purchasers with the information they need to make informed buying decisions and enables a digital purchasing experience that they have come to expect in today’s world.”

Ownly is bringing e-commerce to the real estate industry, creating a frictionless and transparent process for the home buying experience. Often referred to as the “Shopify” of real estate, the state-of-the-art Software-as-a-Service (SaaS) platform enables its customers to shop, finance and buy new homes online, from any device. Ownly works in partnership with today’s leading ERP, CRM as well as lot management software providers to deliver unprecedented data and analytics into customers shopping behaviors and shopping preferences. Ownly is delivering the future of new home shopping, online.

About Ownly: By creating a frictionless homebuying process, Ownly brings e-commerce to the real estate industry. The platform allows customers to shop, pre-qualify, finance, and buy new homes online, from any device. Working with leading ERP, CRM, and lot management software, Ownly enables easy, transparent online home shopping, while delivering unprecedented data analytics into customer shopping behaviors and buying experiences. Learn more: http://www.theownly.io

About Bluesky Equities: Bluesky Equities Ltd. is a privately-owned, unconstrained, absolute-return focussed investment management company based in Calgary, Alberta.

About NA Ventures: NAventures, the corporate venture capital arm of National Bank of Canada, takes equity stakes in startups and growing businesses to foster growth in companies that will shape the financial institutions of the future. Follow NAventures activities at nbc.ca/naventures.

About Garage Capital: Garage Capital is a Waterloo, Canada-based pre-seed/seed venture fund built by founders and is focused on helping the next generation of entrepreneurs build category-defining businesses through experienced-based advice and early-stage risk capital. To date, Garage has invested in over 100 companies, with a collective valuation of $20B+. More: www.garage.vc

Contacts

Media Contact:
Elise Szwajkowski

Marino; Vice President

eszwajkowski@marinopr.com
212.402.3495

The Win of the Century – DeSantis Homes

October 3, 2022 By Business Wire

GRIMSBY, Ontario–(BUSINESS WIRE)–On Tuesday, September 20th, 2022 The Ontario Home Builders’ Association (OHBA) was proud to celebrate Ontario’s best of the best in residential construction at their 30th annual Awards of Distinction. DeSantis Homes proved their ability to perform at the highest level within the industry by taking home three prestigious awards: Best Mid-High Rise Marketing Campaign, Most Outstanding Mid-High Rise Building, and the Prestige Award of Distinction – Project of the Year. All were in recognition of their recently launched and heritage inspired, Century Condos.


President Gabriel DeSantis had this to say regarding the recent accolades; “It’s with great honour and pride that DeSantis Homes accepts this award from the OHBA. For more than six decades, we have been expanding the boundaries of excellence within our industry. These awards recognize our collective efforts to elevate the architecture, design, construction quality, and sustainability of the communities we build. It also represents our long-standing commitment to the home building industry and the commitment that goes into building thriving, vibrant communities that exceed the needs of our residents. We are so incredibly proud of this landmark development in Downtown Grimsby. We knew Century Condos was critical to revitalize downtown by bringing much needed residential to the core, thereby supporting local businesses, and adding to the vitality of this beautiful town. DeSantis Homes would like to thank the OHBA and everyone involved including McOuat Partnership, Tomas Pearce Interior Design and KNYMH Inc for their creativity and dedication towards our projects.”

Located in Grimsby, Century Condos was aptly named as the town celebrates its centennial in 2022. A building that combines innovation in design and development with bold interiors and a stunning exterior, was designed in collaboration with town planning staff, prominent local heritage architects, and other stakeholders via a series of design charrettes. This sort of synergistic process has proven to be a winning approach.

With thoughtful ingenuity, DeSantis Homes receipt of three awards exemplifies the importance of careful curation of residential buildings within a community. That exceptional design, attention to sustainability, and coordination with local planning staff are paramount to the health of each project, and the overall housing industry. DeSantis is honoured to be recognized by a panel of respected industry peers, who all share in the common goal of making the dream of home ownership achievable.

The team’s imperative to provide a quality residential condominium has not only been proven through the most recent accolades, but also through the brisk sales program, selling over 80% of the available condos within a few short weeks. Due to the unique floor plate of the building a variety of suite layouts are presently available including one bedroom, one plus den and two bedrooms plus den designs.

ABOUT DESANTIS HOMES

At its heart, the DeSantis Homes story is all about family. Ours and yours. This is a story that started when founder, Peter DeSantis, built his first house in 1959. A commitment and a legacy, both were born out of a passion for homebuilding.

Over the past five decades, DeSantis Homes has built thousands of family homes in the Hamilton, Halton and Niagara regions. Today, Gabriel DeSantis is raising DeSantis Homes to new heights while maintaining the craftsmanship and detail that will remain its hallmark. The company is continually evolving, staying ahead of the market and serving as a leader to the home building industry in Ontario.

Contacts

Media Contact:

Carol King

Senior Account Executive

McOuat Partnership

carol@partnership.ca
Cell 905 903 9059

Enlighted Ushers in New Era of Smart Building IoT Data and Space Intelligence

October 3, 2022 By Business Wire

  • Launch of two new Space Intelligence Solutions: Data Services and Location Intelligence, for occupancy analytics, Real Time Location Services (RTLS), and energy reporting to boost productivity and sustainability outcomes
  • Launch of Ruggedized Micro Sensor, the first in the market for outdoor and high-humidity spaces such as parking garages
  • Partner ecosystem addition with Siemens J2 Innovations, collaborating on Smart Building systems
  • Consolidation under a single Siemens brand of Enlighted for IoT and workplace technology solutions

SANTA CLARA, Calif.–(BUSINESS WIRE)–#digitaltransformation–Today Enlighted, a leading proptech company, released a curated portfolio of smart IoT building solutions to create customer value and further enable sustainable enterprises across industries and geographies. According to analyst firm Verdantix1, 75% of firms will use IoT data for space utilization monitoring. The solutions announced today, part of Siemens’ open business platform Xcelerator, elevate the use of IoT building data to a new level of functionality for leaders seeking to improve productivity of their operations and to reach carbon neutrality.

“We anticipate our new solutions and alignment with Siemens Xcelerator business platform will enable our customers to leverage their building’s IoT and activity data to vastly improve processes and decisions around the interactions of people and their spaces,” said Stefan Schwab, CEO, Enlighted. “Additionally, we will help them further transform their real estate portfolios with a focus on long-term sustainability to meet ESG goals.”

Space Intelligence Solutions – Revolutionizing the Use of IoT Building Data

The new portfolio includes two offerings that help enterprise companies understand activities within their spaces, gain access to deep analytics and leverage visualizations and application software to improve workflows and space utilization. The offerings include:

  • Data Services: A set of data APIs and visualizations around three primary areas of value:

    • Occupancy Insights, including new people-counting capabilities to help understand how space is being used and inform decisions around portfolio sizing and space design
    • Efficiency Insights to capture and report on energy savings for ESG reporting towards carbon net zero
    • Location Insights to capture asset and people movements for use with third party location tracking applications
  • Location Intelligence: A complete Real Time Location System (RTLS) that includes patented smart sensors embedded in light fixtures, long-life tags and badges combined with a SaaS cloud application for establishing new workflows, events and triggers associated with the movement of assets and people. With multiple standard business platform integrations, Location Intelligence will initially focus on outcomes for healthcare, education, office, and manufacturing industries.

“The Enlighted solution enables us to rapidly adjust our lighting controls via a smart software interface. During the last California heat emergency, we did exactly that, enabling us to dim our lights in the Salesforce Tower in San Francisco while maintaining office functions,” said Alex Ruggeberg, Global Real Estate Engineering, Salesforce. “We easily measured the energy savings via Enlighted’s data reporting. This is exactly the kind of intelligent, smart IoT building management that is part of a sustainable future for Salesforce.”

Ruggedized Micro Sensor

First to market, a low bay Ruggedized Micro Sensor delivering all the functionality of current IoT sensors in a minimally sized package. The sensor is designed for outdoor applications, parking structures, and damp or wet locations.

Speed Digital Transformation with partner J2 Innovations

Strengthening its technology ecosystem, Enlighted also announced a new partnership with J2 Innovations, a Siemens company and provider of open software systems for smart buildings to speed digital transformation around building management.

“J2 Innovations is proud to announce a strategic partnership with Enlighted. With J2’s FIN Framework combined with Enlighted’s IoT offerings, we are excited to deliver a powerful set of IoT solutions to the market,” said Alex Rohweder, CEO of J2 Innovations. “We’re looking forward to leveraging Enlighted’s robust data capabilities integrated with our IoT enabling framework.”

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

1 Verdantix, Green Quadrant: IoT Platforms for Smart Buildings, 2022

Contacts

Ellen Gustafson
Enlighted
Ellen.gustafson@siemens.com
+1.415.505.6783

Home Capital to Report Third Quarter 2022 Financial Results

September 30, 2022 By Business Wire

TORONTO–(BUSINESS WIRE)–Home Capital Group Inc. (TSX: HCG) (“Home Capital” or “the Company”) will report financial results for the three months and nine months ended September 30, 2022 on Tuesday, November 8, 2022 before markets open.

Home Capital’s executive management will host a conference call webcast on the same day at 8:00 a.m. ET. Management will discuss the Company’s financial results and follow with a question-and-answer period for analysts and investors.

Participants may register in advance for the conference call at this link.

The conference call will also be webcast live on the Company’s website. Presentation slides accompanying the live audio webcast will be available on the Company’s website at www.homecapital.com in the Investors section of the website.

The archived audio webcast will be available for 90 days on the Company’s website at www.homecapital.com.

About Home Capital: Home Capital Group Inc. is a public company, traded on the Toronto Stock Exchange (HCG), operating through its principal subsidiary, Home Trust Company. Home Trust is a federally regulated trust company offering residential and non-residential mortgage lending, securitization of residential mortgage products, consumer lending and credit card services. In addition, Home Trust and its wholly owned subsidiary, Home Bank offer deposits via brokers and financial planners, and through a direct-to-consumer brand, Oaken Financial. Licensed to conduct business across Canada, we have offices in Ontario, Alberta, British Columbia, Nova Scotia, and Quebec.

Contacts

Jill MacRae

VP, Investor Relations and ESG

416-933-4991

investor.relations@hometrust.ca

Granite REIT Notice of Conference Call for Third Quarter 2022 Results

September 29, 2022 By Business Wire

TORONTO–(BUSINESS WIRE)–Granite Real Estate Investment Trust (“Granite”) (TSX: GRT.UN / NYSE: GRP.U) expects to announce its financial results for the third quarter ended September 30, 2022 after the close of markets on Wednesday, November 9, 2022.

Granite will hold a conference call on Thursday, November 10, 2022 at 11:00 a.m. (ET). The toll-free number to use for this call is 1 (800) 748-2715. For international callers, please call 1 (416) 620-9188. 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 22020831. The replay will be available until Monday, November 21, 2022.

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 139 investment properties representing approximately 57.5 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

JWest announces $50M in funds raised, led by the Diamond Foundation

September 29, 2022 By Business Wire

Gordon and Leslie Diamond donate a historic $25M, as the community matches it with another $25M

VANCOUVER, British Columbia–(BUSINESS WIRE)–Announced today, the Diamond Foundation has generously donated $25 million to JWest’s capital campaign, which aims to raise $125+ million. This matching gift is the first philanthropic contribution to the project and is the largest donation ever made by the Diamond Foundation. The Diamonds’ gift has a significant impact on the plans to transform the 3.3-acre property at West 41st and Oak Street in Vancouver, BC.

The Diamond Foundation’s effort leads the way in contributing to the most extensive project in the history of the Jewish community in Western Canada. The project, which is estimated to cost $400+ million, will be brought to life through philanthropy, government funding and astute financing, and will provide an invaluable and welcoming social, cultural, recreational and educational asset for all.

“We are pleased to be the first family to make a significant contribution to JWest’s capital campaign. Our family has called Vancouver home for almost a century, and we have always believed in contributing whatever we can to ensure there is a bright future for our children and their children,” say Gordon and Leslie Diamond, honorary JWest campaign co-chairs and members of the Diamond Foundation’s board.

Today’s announcement builds on the $25 million funding provided in 2021 by the B.C. government.

“Mazel tov! I’m so pleased that our government’s shared mandate commitment of $25 million and a $400,000 investment in redevelopment planning has been bolstered with philanthropic support from the Diamond Foundation and community,” says Melanie Mark, Hli Haykwhl Ẃii Xsgaak, minister of tourism, arts, culture and sport. “These generous contributions underscore the importance of a renewed Jewish Community Centre to 22,590 Jews and all people living in this community. It speaks to the power of working together to shine a light on our province’s diversity and inclusion.”

Once complete, the initiative will provide much-needed programs and services in the Oakridge neighbourhood. The JWest project will deliver a state-of-the-art community centre, expanded space for the Vancouver Holocaust Education Centre, a new theatre, a relocated King David High School and two residential towers that will provide mixed-use rental housing (a portion of which will be below-market rates). The development, with multiple construction phases, will also double the current number of childcare spaces and expand seniors’ programming.

“JWest is the amalgamation of decades of work, and the fact that we saw our gift matched so quickly sends a clear signal that the community stands behind this project,” says Jill Diamond, executive director of the Diamond Foundation. “The Diamond Foundation has had a unifying focus to assist and advocate for initiatives in the Vancouver area that help improve the quality of people’s lives. The impact JWest will have on the Jewish community and the surrounding Oakridge community is undeniable.”

JWest is the redevelopment and transformation of the property that includes the current Jewish Community Centre of Greater Vancouver, located at West 41st and Oak Street in Vancouver, BC. The project is a partnership between Jewish Federation of Greater Vancouver, the Jewish Community Centre, and King David High School.

“Today, we are thanking the Diamond Foundation for this transformational gift. A project of this magnitude will not be possible without the tremendous generosity demonstrated by the Diamond Foundation, as well as philanthropic support from the community at large,” explains Alex Cristall, JWest capital campaign chair. Mr. Cristall continues, “It is our hope that the Diamond Foundation’s incredible community leadership will serve as inspiration, and we are now calling on others to work with our team to champion this project in an equally impactful way.”

For more information about JWest, visit https://www.jwestnow.com

About JWest

JWest is the redevelopment and transformation of the 3.3-acre property at West 41st and Oak Street in Vancouver, BC. JWest is a partnership between the Jewish Federation of Greater Vancouver, the Jewish Community Centre, and King David High School. The $400+ million dollar project will deliver a state-of-the-art community centre, expanded space for the Vancouver Holocaust Education Centre, a new theatre, a relocated high school and two residential towers that will provide mixed-use rental housing (a portion of which to be below-market rates). The single largest project in the history of the Jewish community on the West Coast, it will be brought to life through government support, astute financing and philanthropic efforts within the local community in order to provide an invaluable and welcoming social, cultural, recreational and educational asset for all.

About the Diamond Foundation

The Diamond Foundation is a private charitable family foundation first endowed by its founders, Jack and Gordon Diamond in 1984. The foundation was established to improve the quality of people’s lives in the communities in which the benefactors live and do business. The emphasis of its giving is directed toward organizations and issues that strengthen Jewish community life in Greater Vancouver. The foundation also allocates a significant portion of its funds to Vancouver-area organizations that target young people who do not have the same opportunities as other youth to develop to their fullest potential or to participate in community life (Youth Initiatives Program) and other special interest projects that improve the quality of people’s lives in Greater Vancouver.

Contacts

Media:
Stuart Martin

stuart@talkshopmedia.com
604-445-4675

PointClickCare Expands its Footprint in Toronto’s Downtown Core

September 27, 2022 By Business Wire

Company secures over 90,000 square feet of workspace, offering a more immersive and collaborative experience for its workforce

MISSISSAUGA, Ontario–(BUSINESS WIRE)–PointClickCare Technologies, a leading healthcare technology platform enabling meaningful collaboration and access to real‐time insights, today announced expansion of its Canadian headquarters to The Well. Located in one of Toronto’s most vibrant neighborhoods, the space will offer an immersive, rich experience for PointClickCare’s hybrid workforce. The company plans to welcome employees into the new space by Fall 2023.

“Being in a world class city like Toronto has a unique energy to it and we want to share that with our team, our customers and our business partners,” says Dave Wessinger, CEO and co-Founder, PointClickCare. “We see tremendous value in investing in a space where our employees want to work, live, and play, and we’re excited to be working with Allied to create a space designed for the future of work, one that is highly collaborative, helps to reduce our carbon footprint, and offers our team an employee experience like no other as we unite the company under one brand.”

The space spans 90,000 square feet and three floors and is conveniently situated near world-class restaurants, hotels, and event venues. Employee-first amenities include a state-of-the-art fitness center, a massive indoor/outdoor retail space, and parks and open spaces to enjoy.

“We are pleased to welcome PointClickCare to The Well,” said Michael Emory, President and CEO of Allied. “Our space continues to attract top brands and innovative companies looking to grow their footprint and provide their employees with best-in-class amenities. We’re committed to providing an immersive and meaningful experience for people in Toronto and across the globe.”

This will be PointClickCare’s fourth Canadian office, with other locations in Mississauga, Waterloo, and Toronto. The company will transition team members from its existing Toronto office to The Well once the space is ready.

“Toronto is one of the largest tech hubs in North America, and we see this expansion as a great opportunity to tap into the amazing tech talent that exists in our own backyard. We are incredibly thrilled to be among the many technology companies growing across our city,” says Wessinger.

To learn more about PointClickCare and the current available opportunities, visit the company’s Careers page here.

About PointClickCare

PointClickCare is a leading healthcare technology platform enabling meaningful collaboration and access to real‐time insights at any stage of a patient’s healthcare journey. PointClickCare’s single platform spans the care continuum, fostering proactive, holistic decision‐making and improved outcomes for all. Over 27,000 long‐term post‐acute care providers, and 2,700 hospitals use PointClickCare today, enabling care collaboration and value‐based care delivery for millions of lives across North America.

Contacts

Nicole Das

Media Relations

PointClickCare@pancomm.com

Alison Minaglia

Analyst Relations

Alison.Minaglia@pointclickcare.com

 The Real Brokerage Inc. to Acquire LemonBrew Lending

September 27, 2022 By Business Wire

TORONTO & NEW YORK–(BUSINESS WIRE)–$REAX #therealbrokerage–The Real Brokerage Inc. (“Real” or the “Company”) (NASDAQ: REAX) (TSX: REAX), an international, technology-powered real estate brokerage, today announced that it signed an agreement to acquire LemonBrew Lending Corp. (“LemonBrew Lending”). The acquisition marks the next pivotal step in executing Real’s strategy of developing a seamless end-to-end home buying experience.

LemonBrew Lending is a tech-enabled home loan platform, licensed to provide a full suite of mortgage services across 20 states in the U.S. including Texas, California, and Florida. The company currently operates as a mortgage brokerage, serving as an intermediary between borrowers and lenders. Additionally, LemonBrew Lending is licensed as a lender in certain states, positioning Real with the option to expand its mortgage platform as long-term strategic needs for the business evolve. As part of the acquisition, Chief Executive Officer of LemonBrew Lending, Samir Dedhia, along with 25 other employees will be joining the team at Real.

“We are excited to be joining forces with The Real Brokerage. Real’s technological vision for the future of integrated home buying is what drew us to the platform,” said Dedhia. “This industry is ripe for disruption, and together we can make a huge impact.”

“I am excited to welcome Samir and the team to Real. LemonBrew Lending will play a meaningful role in achieving our vision to reimagine what home buying can be,” said Chairman and Chief Executive Officer, Tamir Poleg. “With LemonBrew Lending’s current mortgage capabilities and future lending potential, we can now layer in another key building block to our consumer-facing strategy and take a significant stride towards developing a frictionless home buying experience.”

Transaction Details

Pursuant to the terms of a share purchase agreement dated September 23, 2022 between Real, LemonBrew Lending and LemonBrew Technologies Corp. (the “Seller”), the Company will acquire 100% of the issued and outstanding equity interests of LemonBrew Lending from the Seller for an aggregate purchase price of $1,250,000 (the “Acquisition”). The purchase price will be satisfied by (i) cash in the amount of $800,000 and (ii) the issuance of such number of common shares of Real (the “Consideration Shares”) equal to the product of $450,000 divided by the 5-day volume weighted average trading price of Real’s common shares on the NASDAQ immediately prior to the closing of the Acquisition. All dollar figures shown herein are presented in USD.

Completion of the Acquisition is subject to a number of further conditions precedent, including, but not limited to: (i) the execution of employment and consulting agreement between Real and certain key officers and employees of LemonBrew Lending; (ii) approval of regulatory consents and (iii) other customary closing conditions.

The Acquisition has been approved by Real’s Board of Directors, subject to customary closing conditions, including regulatory approvals, and is expected to close in the fourth quarter of 2022.

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, information relating to the Acquisition and the business and strategic plans of Real.

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. (NASDAQ: REAX) (TSX: 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 homebuyers and sellers. The company was founded in 2014 and serves 44 states, D.C., and two Canadian provinces with over 6,000 agents. Additional information can be found on its website at www.onereal.com.

Contacts

Investors, for more information:

Jason Lee

Vice President, Capital Markets & Investor Relations

investors@therealbrokerage.com
908.280.2515

For media inquiries:

Elisabeth Warrick

Director, Communications

elisabeth@therealbrokerage.com
201.564.4221

The Daniels Corporation Officially Breaks Ground on Daniels on Parliament Condominium Residence

September 23, 2022 By Business Wire

New condominium residence, Daniels on Parliament, to drive design innovation, placemaking, social equity and inclusion in Regent Park

TORONTO–(BUSINESS WIRE)–The Daniels Corporation (“Daniels”), one of Canada’s pre-eminent builders and developers, officially began construction on its latest condominium residence in Regent Park, Daniels on Parliament. Located where Regent Park meets Cabbagetown, Daniels on Parliament is the final condominium within the third phase of the Regent Park revitalization. The condominium will feature two towers, at 25 and 10-storeys, rising from a shared podium.


During the groundbreaking event, Daniels provided details on its Partnership for Affordable Homeownership, a down payment assistance program created for current and past residents of Toronto Community Housing Corporation (TCHC) in Regent Park. Daniels also highlighted its placemaking initiatives designed to feature local artists and help drive social equity and inclusion while enhancing the public realm experience. In addition, Daniels announced that it is the first developer in Ontario to offer Ori Living’s robotic furniture units, which will be available in select studio suites at Daniels on Parliament.

“We are excited to bring our latest affordable homeownership program to Daniels on Parliament. We believe it is the duty of responsible builders and developers like us to create opportunities for positive social impact and change,” said Jake Cohen, Chief Operating Officer, The Daniels Corporation. “We recognize the potential our industry has to make a real impact and with our $5 million investment into this new program, we are continuing to make affordable homeownership a reality in Regent Park.”

Opportunities for Affordable Homeownership

The Partnership for Affordable Homeownership (PAH) is Daniels’ latest affordable homeownership program specifically tailored to current and past residents of TCHC who have lived in Regent Park for at least two years since the beginning of the revitalization in 2006. With an investment of up to $5 million, the program is completely funded by Daniels and provides down payment assistance for up to 50 per cent of the purchase price of a new home at Daniels on Parliament, in the form of second mortgage loan for up to 20 years that is interest and monthly payment free.

Understanding there are many intricacies to the homebuying process, Daniels has supported purchasers in preparing for first-time homeownership by offering the Daniels Homeownership 101 Workshop. This informative session is a required step in qualifying for the PAH program and covers all the key details surrounding homeownership. Additionally, all purchasers are also required to commit a minimum of 100 volunteer hours within the Regent Park community, to be fulfilled prior to occupancy, to support the building of a strong community. To date, 10 individuals and families have become homeowners at Daniels on Parliament through the PAH program.

“Over the past 15 years in Regent Park, Daniels has successfully created and implemented various affordable homeownership programs that help first-time buyers realize the dream of homeownership and Daniels on Parliament is an exciting new chapter,” said Heela Omarkhail, Vice President of Social Impact, The Daniels Corporation. “We continue to find ways to truly to be a ‘people-first’ developer and expand affordable homeownership programs that will play an instrumental role in fostering social cohesion and inclusion in this community.”

Daniels is also extending its partnerships with Habitat for Humanity GTA and BlackNorth Initiative (BNI) to Daniels on Parliament by providing two homes to Habitat Partner Families – one of which will be part of the BNI Homeownership Bridge Program. This partnership will help a Black family become homeowners, aiming to build security, stability, equity and opportunity in the Greater Toronto Area.

Partnering With Local Artists to Create Placemaking Opportunities

Daniels is proud to integrate placemaking opportunities at Daniels on Parliament that foster social cohesion and inclusion, as well as generate economic opportunities for local artists. Portfolio-wide, Daniels engages Artscape Atelier, a social enterprise to create opportunities for artists to meaningfully shape community and the built environment through site-specific public art, public realm and creative placemaking interventions.

Various local artists including Peter Kattan and Casey Watson will transform the street corner of Parliament and Gerrard into an artistic landmark that reflects the unique local character, narratives and heritage of the community. Rising where Regent Park meets Cabbagetown, Daniels on Parliament will be celebrated as a gateway to the community and will feature placemaking and artist-designed streetscape elements including murals, benches, light posts and bike rings creating a dynamic and impactful public realm.

“Artscape Atelier is thrilled to be the arts and culture partner, creating a multi-year public art program for the Daniels on Parliament community. This program will not only be a way to beautify the streetscape and create a sense of place, but it will be an important way to tell the Regent Park story,” said Grace Lee Reynolds, Chief Executive Officer at Artscape. “Through the opportunities created, we will be furthering our efforts to work with equity-deserving communities to overcome barriers. We look forward to the future of the Regent Park community, while working to honour the land we are privileged to continue to work on and be part of.”

Urban Innovation with Ori Living

Urban innovation will be at the core of Daniels on Parliament, with Daniels announcing that it is the first-ever Ontario developer to partner with Ori Living (Ori). Ori specializes in designing and supplying multi-use furniture that creates transformable spaces perfect for optimizing living space. At Daniels on Parliament, 40 studio units will integrate the Ori Pocket Closet as a standard feature, incorporating modular and robotic home furnishings that can be moved around and concealed when required. There will also be a number of studio suites with the option to upgrade to the Ori Pocket Closet. This partnership aims to help homeowners realize the full potential of their studio suites by maximizing living space through unique space optimization solutions and multifunctional furniture.

The partnerships and affordable housing initiatives incorporated at Daniels on Parliament build upon Daniels’ long-standing commitment to not only delivering homes but positive impact as well. Daniels on Parliament will celebrate the vibrancy and inclusivity of the Regent Park community while showcasing the importance of collective community impact.

For more information, visit https://spaces.hightail.com/receive/0w2uvrQhpQ.

About The Daniels Corporation

The Daniels Corporation (www.danielshomes.ca) is one of Canada’s pre-eminent builders/developers, building more than 35,000 new homes across the Greater Toronto Area for over 38 years. Daniels is the developer of TIFF Bell Lightbox and the City of the Arts community on Toronto’s East Waterfront. Among its many initiatives, Daniels partnered with Toronto Community Housing to redevelop Phases 1, 2 and 3 of the Regent Park revitalization, a 69-acre community in the heart of Toronto. At the core of the project is both a physical and social re-connection of this once stigmatized neighbourhood to the broader City of Toronto. Daniels continues to play an important role in the Regent Park Community. Understanding that quality of life is created by much more than physical buildings, Daniels goes above and beyond to integrate building excellence with opportunities for social, cultural and economic well-being.

Contacts

For more information or to request an interview:
Ema Asler

Kaiser & Partners

(647)-725-2520

ema.asler@kaiserpartners.com

  • « Previous Page
  • 1
  • …
  • 64
  • 65
  • 66
  • 67
  • 68
  • …
  • 103
  • Next Page »

Sign up for the Daily Digest Email!

Receive the latest news stories from the REIT Report every morning for FREE!

100% Privacy. No SPAM. We promise.

Daily Movers

Ticker News Price Chg Chg%
d.un:ca$14.92.7118.16%
csh.un:ca$9.340.545.78%
ax.un:ca$6.920.223.13%
kmp.un:ca$17.730.623.5%
nwh.un:ca$8.020.222.69%
mrt.un:ca$5.24-0.01-0.19%
grt.un:ca$81.72-0.11-0.13%
hot.un:ca$2.53-0.01-0.39%
fcr.un:ca$15.35-0.05-0.32%
dir.un:ca$14.22-0.41-2.87%
 

Market Snapshot

  • Advertise
  • About
  • Contact
  • Privacy Policy

Copyright © 2025 · REIT REPORT