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

TORONTO–(BUSINESS WIRE)–Choice Properties Real Estate Investment Trust (“Choice Properties” or the “Trust”) (TSX: CHP.UN) announced today that it has agreed to issue, on a private placement basis in certain provinces of Canada (the “Offering”), $500 million aggregate principal amount of series R senior unsecured debentures of the Trust that will bear interest at a rate of 6.003% per annum and will mature on June 24, 2032 (the “Debentures”).

Offering of Debentures

The Debentures are being offered on an agency basis by a syndicate of agents co-led by TD Securities, CIBC Capital Markets, RBC Capital Markets, BMO Capital Markets and Scotiabank. Subject to customary closing conditions, the Offering is expected to close on June 24, 2022.

The Trust intends to use the net proceeds of the Offering (i) to pay for the previously announced early redemption of Choice Properties Limited Partnership’s $300 million principal amount of 3.60% series 10 senior unsecured debentures on June 26, 2022, (ii) to repay all or a portion of the balance drawn on the Trust’s credit facility, and (iii) for general business purposes.

It is a condition of closing of the Offering that the Debentures be rated at least “BBB” (high) with a “stable” trend by DBRS Limited and at least “BBB” by Standard and Poor’s Ratings Services. The Debentures will rank equally with all other unsecured indebtedness of the Trust that has not been subordinated.

The Debentures being offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the Debentures in any jurisdiction in which such offer, solicitation or sale would be unlawful.

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.

Forward-Looking Statements

This press release may contain forward-looking information within the meaning of applicable securities legislation, which reflects Choice Properties’ current expectations regarding future events, including the expected closing of the Offering and debenture redemption and intended use of proceeds of the Offering. 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 Choice Properties’ control that could cause actual results and events to differ materially from those that are disclosed in or implied by such forward-looking information. Such risks and uncertainties include, but are not limited to, the factors discussed in Choice Properties’ 2021 Annual Report, current Annual Information Form and 2022 First Quarter Report. Choice Properties 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 press 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 Real Estate Investment Trust

t (416) 628-7872
e Mario.Barrafato@choicereit.ca

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

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

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

Dream Industrial REIT is an unincorporated, open-ended real estate investment trust. As at March 31, 2022, Dream Industrial REIT owns, manages and operates a portfolio of 244 industrial assets (358 buildings) comprising approximately 44.4 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

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

TORONTO–(BUSINESS WIRE)–Primaris Real Estate Investment Trust (“Primaris REIT”) (TSX: PMZ.UN) announced today that each of the trustee nominees listed in the management information circular of the REIT dated May 13, 2022 were elected as trustees of the REIT at the annual general meeting of unitholders held on June 16, 2022. Voting results for the individual trustees of the REIT are as follows:

	Number of Units Voted For	Percentage of Units Voted For	Number of Units Withheld from Voting	Percentage of Units Withheld from Voting
Alex Avery	69,044,792	99.9%	85,924	0.1%
Avtar Bains	69,046,501	99.9%	84,215	0.1%
Anne Fitzgerald	64,928,581	93.9%	4,202,135	6.1%
Louis Forbes	66,565,942	96.3%	2,564,774	3.7%
Timothy Pire	69,019,290	99.8%	111,426	0.2%
Patrick Sullivan	68,686,046	99.4%	444,670	0.6%
Deborah Weinswig	66,519,547	96.2%	2,611,169	3.8%

The resolution to re-appoint KPMG, LLP as the auditors of the REIT for the ensuing year and authorizing the trustees to fix the remuneration to be paid to the auditors was approved by 99.9% of the votes.

About Primaris REIT

Primaris REIT is Canada’s only enclosed shopping centre focused REIT, with ownership interests primarily in dominant enclosed shopping centres in growing markets. The portfolio totals 11.3 million square feet and is valued at approximately $3.3 billion at Primaris’ share. Economies of scale are achieved through its fully internal, vertically integrated, full-service national management platform. Primaris REIT is very well-capitalized and is exceptionally well positioned to take advantage of market opportunities at an extraordinary moment in the evolution of the Canadian retail property landscape.

Contacts

Alex Avery

Chief Executive Officer

416-642-7837

aavery@primarisreit.com

Rags Davloor

Chief Financial Officer

416-645-3716

rdavloor@primarisreit.com

www.primarisreit.com

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

OTTAWA, Ontario–(BUSINESS WIRE)–InterRent Real Estate Investment Trust (TSX-IIP.UN) (“InterRent”) announced today that its distribution declared for the month of June 2022 is $0.0285 per Trust unit, equal to $0.3420 per Trust unit on an annualized basis. Payment will be made on or about July 15, 2022, to unitholders of record on June 30, 2022.

About InterRent

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

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

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

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

Contacts

Sandy Rose, CFA

Director – Investor Relations & Sustainability

(514) 704-2459

sandy.rose@interrentreit.com
www.interrentreit.com

IRVINE, Calif.–(BUSINESS WIRE)–CoreLogic^®, a leading global property data and analytics-driven solutions provider, today announced that Information Technology Systems of Ontario (ITSO) and the REALTORS^® Association of Hamilton-Burlington (RAHB) have become the first Canadian organizations to launch OneHome^™, the ground-breaking agent/client collaboration portal for the Matrix^™ multiple listing platform. ITSO is a not-for-profit corporation that provides shared services to more than 18,500 REALTORS^® from 20 member associations throughout the province of Ontario. RAHB is the third largest real estate board in Ontario, representing over 3,700 members in Hamilton, Burlington and the surrounding area.

Since launching in 2021, OneHome has helped millions of U.S. buyers discover what is important to them and help them find the home they love. Now, Canadian customers can take advantage of OneHome’s innovative features, including PropertyFit^™ searching, automatic text message notifications, a bilingual interface and a range of location-based insights designed for the Canadian market.

“OneHome provides a potent new property search experience while expanding the level of collaboration between REALTORS^® and their clients,” said Trevor Schmidt, ITSO’s Director of Operations. “The mobile-first, responsive design as well as the comprehensive neighborhood content will be a huge benefit to Ontario homebuyers. Adding the ability to automatically send text notifications to clients immediately when a new listing is inputted will only increase the value of working with Ontario REALTORS^®.”

“OneHome reinforces REALTORS^® as the definitive source for the most up-to-date listing information,” said RAHB CEO Carol Ann Burrell. “Just as importantly, OneHome provides a modern, enjoyable user experience keeping clients engaged with their agents. We’re excited to be on the forefront of this innovative tool from CoreLogic.”

“We have worked hard to provide pertinent, localized information to ensure OneHome exceeds the expectations of our Canadian customers,” said Devi Mateti, Managing Director, FIND, for CoreLogic. “OneHome provides a collaborative environment with the responsive mobile features and the comprehensive property insights homebuyers need to make timely, informed decisions.”

Visit www.corelogic.com to learn more about CoreLogic real estate solutions.

About CoreLogic

CoreLogic is a leading global property information, analytics and data-enabled solutions provider. The company’s combined data from public, contributory and proprietary sources includes over 4.5 billion records spanning more than 50 years, providing detailed coverage of property, mortgages and other encumbrances, consumer credit, tenancy, location, hazard risk and related performance information. The markets CoreLogic serves include real estate and mortgage finance, insurance, capital markets, and the public sector. CoreLogic delivers value to clients through unique data, analytics, workflow technology, advisory and managed services. Clients rely on CoreLogic to help identify and manage growth opportunities, improve performance and mitigate risk. Headquartered in Irvine, Calif., CoreLogic operates in North America, Western Europe and Asia Pacific. For more information, please visit www.corelogic.com.

CORELOGIC, the CoreLogic logo, MATRIX, PROPERTYFIT and ONEHOME are trademarks of CoreLogic, Inc. and/or its subsidiaries. All other trademarks are the property of their respective holders.

Contacts

Robin Wachner

CoreLogic

newsmedia@corelogic.com

CALGARY, Alberta–(BUSINESS WIRE)–Zenbase, a leader in flexible split rent payments, today announced a partnership with Avenue Living Communities Ltd. (“ALC”) to deliver its rent payment service to Avenue Living’s 14,000+ apartments and townhomes across Alberta, Saskatchewan, and Manitoba. This service, which allows residents to pay their rent on a schedule that better suits their income cycle, can offer some relief at a time when inflation is pushing household budgets to their limits.

“We’re always looking for ways to address what’s most important to our residents,” says Anthony Giuffre, Founder and CEO of Avenue Living Group. “We know how important the social aspect of our Environmental, Social, and Corporate Governance commitments are, and we’re continuing to support our residents with compassionate options to help address their day-to-day challenges.”

Koray Can Oztekin, CEO and Founder of Zenbase agrees. “Our company partners with like-minded property management organizations who want to improve the financial health of their residents while at the same time increase on-time rent collections and eliminate operational overhead. ALC has fully leveraged the benefit of our solution, delivering financial relief and flexibility to thousands of Canadian renters.”

As inflation and interest rates both rise, Canadians are being challenged with various costs, such as food, gas, and rent. Amidst these struggles, Canadians are actively seeking financial flexibility from different service providers. Single-payment plans, locked-in schedules, and late fees continue to be a significant stressor for many renters. Zenbase offers an automated solution that aims to put an end to the key challenges around rent payment. The company’s core financial product enables flexible rent payments, allowing residents to split their monthly rent into smaller installments within a month.

Zenbase has benefits for property owners, as well, helping ensure guaranteed rent payments and reducing the time spent on rent collection. This partnership with ALC, the fastest growing multi-family housing owner-operator in Western Canada, has the potential to reduce late rent payments by over 27 per cent while driving a positive resident experience and supporting them during difficult times.

“Zenbase is a fantastic technology solution that allows us to be more efficient on the back-end while at the same time, empowering our residents to be in control of their financial situation,” says Giuffre. “Zenbase has become an integral part of our operations and the platform delivers on our commitment to create a superior customer experience for our residents — one that provides flexible options and peace of mind.”

About Zenbase

Zenbase, a leader in flexible rent payments, is committed to economic inclusion that fosters financial empowerment for renters. Zenbase’s solutions improve the financial wellness of renters while improving operational efficiency for property managers. Rent is usually due on the first of the month but that doesn’t align with most people’s bi-monthly pay cycle. Zenbase addresses that misalignment and provides other financial tools to help level the playing field. Learn more: https://myzenbase.com/

About Avenue Living

Founded on the principle of investing in the everyday, Avenue Living focuses on opportunities that are often overlooked by others, having grown to over $3.7 billion in aggregate assets under management across four private real estate investment mandates. The Avenue Living team includes over 750 professionals with expertise in real estate operations, property management, and asset management to support Avenue Living’s growing portfolio. In addition to over 14,400 multi-family units located in Canada and the United States, Avenue Living and its related entities own over 496,500 square feet of commercial space, 82,827 acres of productive farmland, and more than three (3) million square feet of self-storage space. Learn more: avenuelivingam.com/

Contacts

Zenbase Press Contact:
Philipp Postrehovsky

philipp@myzenbase.com
604.657.2775

Avenue Living Press Contact:
Tammy Cho

tcho@avenueliving.ca
403.870.5831

Known As The Edge, Scott Gillen, The Prominent Malibu Designer, Has Created A Mid-Century Modern Inspired Estate With Over 10,000 Interior Square Feet, a 10,000-Square Foot Deck, Nearly 80 Foot Infinity Pool Touting the Only New Construction Home For Sale In Malibu More Than $50M

MALIBU, Calif.–(BUSINESS WIRE)–After more than a decade in approvals, design, and construction, Scott Gillen, visionary home designer, creator and founder of Unvarnished, has listed for sale the first of five estates in the 24-acre private enclave known as The Case. The first guard gated community built in Malibu in decades, The Case comprises five spectacular mid-century modern inspired homes perched above The Colony on Malibu’s most coveted oceanfront bluff and represents the largest private residential development in its history. The Edge, on the market for $69.995 million, will be the first home completed within the community and will be delivered turnkey, providing the buyer instant gratification of unprecedented luxury and hand-crafted design perfection. All five bespoke homes are currently under construction, with the remaining homes slated for full completion throughout the year.

“The Case is my largest and most epic project to date. The opportunity to create a community of five homes on one of, if not the best bluff top on the California coast, was something I could not pass up. Frankly, ten minutes after I stepped on the property, I knew I would buy it,” said Scott Gillen, the founder of Unvarnished. “The sheer size of the property and the ability to build 10,000 to 12,000-square foot single story homes created immense challenges and unbelievable opportunities for me to take some of my foundational design principles–use of warm natural materials, a nod toward mid-century modern, large, opened spaces, lots of natural light and blurring the line between indoors and out– which are also tenets of mid-century modern architecture–to the next level. So, it was natural that my designs for The Edge, and the other homes at The Case, take enormous inspiration from mid-century modern architecture, and then I incorporate construction techniques and furnishings, the quality of which are rarely, if ever, found in new development, to create a unique experience of luxury living on the coast of Malibu, a place unlike anywhere else in the world. I’m very proud of how The Edge has turned out and I’m incredibly excited to bring it to market.”

The 2.6-acre estate, providing cinematic views of the Queen’s necklace, Palos Verdes to Point Dume, embodies the essence of casual luxury living. Spanning approximately 10,500 square feet, the single-story home offers five ensuite bedrooms and three half baths, and includes a Bulthaup chef’s kitchen, expansive great room, a master bedroom with outdoor spa, and floor to ceiling glass doors that open to a 10,000-square foot Ipe deck with cabana and outdoor kitchen.

The Edge, named for its stunning nearly 80-foot double-sided infinity edge freshwater pool that juts out like a diving board into the Pacific Ocean, with famed Catalina Island in the distance, is architecturally inspired by the giants of mid-century modern, Lloyd Wright, Neutra, Lautner and Quincy Jones, to name but a few. The magnificent home also includes hand-picked custom furnishings by Minotti and Gillen, Miele and Gaggenau appliances, custom cabinets, a 650-bottle teak wine room, a glass and teak enclosed private library, and a home theatre that is a room “floating” inside another room to achieve the ultimate home cinema experience.

The Case is the crown jewel of Scott Gillen’s visionary Malibu Series, where each home is a sanctuary unto itself. Behind its 24-hour manned guard gate and security features designed by international renowned security expert Gavin de Becker, residents of The Case will live with ultimate peace of mind and privacy.

The Case comprises five distinct mid-century modern homes: The Cantilever House (Case Study No. 1), The Butterfly House (Case Study No. 2), The Edge (Case Study No. 3), The Flat House (Case Study No. 4) and The Glass Tunnel (Case Study No. 5).

For more information, visit www.unvarnishedco.com or contact listing agent Sandro Dazzan of The Agency.

Contacts

Emily Warner

Murphy O’Brien Public Relations

unvarnishedcopr@murphyobrien.com 

310.453.2539

TORONTO–(BUSINESS WIRE)–DREAM UNLIMITED CORP. (TSX: DRM) (“Dream Unlimited” or “Dream”) announced today the publication of Dream’s 2022 Impact Report, which showcases our impact initiatives across the Dream platform and continued commitment to being a leader in impact and ESG investing.

“Our 2022 Impact Report highlights our significant progress across our three core impact verticals – environmental sustainability and resilience, attainable and affordable housing, and inclusive communities,” said Michael Cooper, Chief Responsible Officer. “We continue to work closely with governments and lenders to create innovative solutions to address the ongoing issues facing our society while generating market returns for our investors. With nearly $4 billion in impact assets under management, we believe that our world-class portfolio can drive positive changes in our communities over the near and long term.”

• Highlights from the 2022 Impact Report:
  • Use of the Dream Impact Management System (DIMS) has expanded beyond Dream Impact Trust and Dream Impact Fund and now includes Dream Office REIT assets and selected Dream Unlimited assets. In total we now have $3.8 billion of impact assets under management which will grow rapidly given our pipeline of opportunities.
  • Sustainability – Dream has significantly expanded its efforts to address climate change. We now have an industry-leading net zero GHG emissions commitment by 2035 – fifteen years ahead of science-based targets and a detailed action plan to support it. We have committed $171 million in capital expenditures to decarbonize 18 existing buildings and are Canada’s largest developer of new net zero communities with $6 billion worth of projects at Zibi, LeBreton and Quayside.
  • Affordability – Dream more than doubled its portfolio of affordable housing units to 2,530 units. Upon completion, residents in our portfolio will save a combined $42.4 million annually.
  • Inclusivity – As part of our commitment to building inclusive communities, we have launched the Dream Community Foundation to support programming initiatives in our communities. In addition, Dream has created an industry-best Social Procurement Strategy to ensure the benefits of our spending on real estate activities flow to traditionally under-represented groups – an initiative for which Dream was recently given a Diversity in Leadership award from the Toronto Community Benefits Network.

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 $16 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.

Forward-Looking Information

This press release may contain forward-looking information within the meaning of applicable securities legislation, including, but not limited to, specific statements in respect of Dream’s commitment to being a leader in impact and environmental, social and governance investing; Dream’s work with governments and lenders to address societal issues while generating returns; the belief that Dream’s portfolio of impact assets can drive changes amongst communities; Dream’s commitment to reach net zero greenhouse gas emissions by 2035; Dream’s capital commitments to decarbonize its buildings and new projects and development plans for net zero communities, including Zibi, LeBreton and Quayside; Dream’s affordable housing plans and expected rent savings resulting from such portfolio; the initiatives of the Dream Community Foundation; and the implementation of and expected benefits from Dream’s Social Procurement Strategy. 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 Dream’s control, which 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, general and local economic and business conditions, the impact of the COVID-19 pandemic on Dream and uncertainties surrounding the COVID-19 pandemic, employment levels, 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, regulatory risks, mortgage rates and regulations, environmental risks, consumer confidence, seasonality, adverse weather conditions, reliance on key clients and personnel and competition. All forward-looking information in this press release speaks as of the date of this press release. Dream does not undertake to update any such forward-looking information whether as a result of new information, future events or otherwise, except as required by law. Additional information about these assumptions and risks and uncertainties is disclosed in filings with securities regulators filed on SEDAR (www.sedar.com).

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

TORONTO–(BUSINESS WIRE)–Slate Grocery REIT (TSX: SGR.U) (TSX: SGR.UN) (the “REIT”), an owner and operator of U.S. grocery-anchored real estate, announced today that the Board of Trustees has declared a distribution for the month of June 2022 of U.S.$0.072 per class U unit of the REIT (“Class U Units”), or U.S.$0.864 on an annualized basis.

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

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

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

Distributions on all unit classes of the REIT, and distributions on Exchangeable Units, will be payable on July 15, 2022 to unitholders of record as of the close of business on June 30, 2022.

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

Slate Grocery REIT is an owner and operator of U.S. grocery-anchored real estate. The REIT owns and operates approximately U.S. $1.9 billion of critical real estate infrastructure across major U.S. metro markets that communities rely upon for their daily needs. The REIT’s resilient grocery-anchored portfolio and strong credit tenants provide unitholders with durable cash flows and the potential for capital appreciation over the longer term. Visit slategroceryreit.com to learn more about the REIT.

About Slate Asset Management

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

Forward-Looking Statements

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

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

SGR-Dist

Contacts

For Further Information
Investor Relations

+1 416 644 4264

ir@slateam.com

HERNDON, Va.–(BUSINESS WIRE)–Beacon (Nasdaq: BECN) (the “Company”) announced today that Michelle Mulder, owner of Nailed It Roofing in North Bay, Ontario, Canada is the winner of Beacon’s annual North American Female Roofing Professional of the Year competition, which shines a spotlight on inspiring women in the roofing industry across the U.S. and Canada.

Michelle has enjoyed hands-on work since taking shop classes in high school, where she looked forward to a career in the trades. As a woman, she found it difficult to be hired in construction after high school, so she enrolled in the Renovation Techniques Construction Carpentry Program at Canadore College. Upon graduating in 2005, she was hired as a carpenter, framing houses and sheathing roofs. Learning more about the on-site trades, she grew a passion for roofing. In 2015 Michelle started her own business, Nailed It Roofing, which has been one of the top roofing companies in North Bay, Ontario for the past seven years.

“We were thrilled to receive hundreds of submissions demonstrating women’s impact on the roofing industry,” said Julian Francis, Beacon’s President & CEO. “It’s a privilege to recognize Michelle for her hard work and determination in leading the way for women in the roofing sector. The public rallied to vote for Michelle, recognizing her work on the jobsite and her devotion to mentoring young women in the community.”

“I’m grateful for the support I received from my local community and my colleagues,” remarked Mulder. “It’s an honor to receive this prestigious award. I applaud Beacon for its support of women in the industry and I hope my story inspires other women to become trailblazers.”

From March 8 through April 11, Beacon solicited the nomination of outstanding female roofing professionals. Beacon opened voting to the public from May 16 through June 6. The other top four finalists were:

• Letitia Hanke – ARS Roofing and Gutters (Santa Rosa, California)
• Anna Arakelyan – United Roofing (Myrtle Beach, South Carolina)
• Christina Rodriguez – G Storm Solutions (Houston, Texas)
• Robin Wright – V & R Roofing (Tacoma, Washington)

To learn more about Beacon’s annual Female Roofing Professional of the Year competition, the deserving finalists, and the official contest rules, visit: go.becn.com/femaleroofpro.

About Beacon

Founded in 1928, Beacon is a Fortune 500, publicly traded distributor of roofing materials and complementary building products in North America, operating over 400 branches throughout all 50 states in the U.S. and 6 provinces in Canada. Beacon serves an extensive base of over 80,000 customers, utilizing its vast branch network and diverse service offerings to provide high-quality products and support throughout the entire business lifecycle. Beacon offers its own private label brand, TRI-BUILT^TM, and has a proprietary digital account management suite, Beacon PRO+, which helps customers to manage their businesses online. Beacon’s stock is traded on the Nasdaq Global Select Market under the ticker symbol BECN. To learn more about Beacon, please visit www.becn.com.

Contacts

INVESTORS

Binit Sanghvi

VP, Capital Markets and Treasurer

Binit.Sanghvi@becn.com
972-369-8005

MEDIA

Jennifer Lewis

VP, Communications and Corporate Social Responsibility

Jennifer.Lewis@becn.com
571-752-1048

Industry veteran Julia Stevenson joins LPC as Mid-Atlantic Director to expand presence in the region

LOS ANGELES–(BUSINESS WIRE)–Langdon Park Capital (LPC), a Black-owned real estate investment company, today announced the $63.2 million acquisition of a 304-unit apartment complex located near Washington, DC in Fort Washington, Maryland, and the appointment of industry veteran Julia Stevenson as LPC’s Director for the Mid-Atlantic region. These two key milestones advance the firm’s commitment to addressing the unmet demand for high-quality, affordable housing in historically underserved Black and Latino communities across the United States.

The property, which will be rebranded Langdon Park at Fort Washington, was built in 1965 and is in a predominantly Black community with most residents earning below 70% of area medium income. Preserving that affordability while providing housing that residents can be proud of is core to LPC’s mission and investment strategy. The property is situated minutes outside the Capital Beltway and offers convenient access to regional employment centers within Prince George’s County and Washington, DC. LPC has committed more than $5 million for capital improvements at the property, including upgraded interiors of units, building exteriors, common areas, and the on-site community center. As part of its value-add to residents, LPC will work with organizations to provide access to a range of social services from financial education to workforce development support, and more.

“The lack of affordable housing is a pervasive issue within the country and one that hits home for me personally, being born and raised in a similar neighborhood in Washington, DC,” said LPC Founder and CEO Malcolm Johnson. “Langdon Park Capital’s mission is about providing real homes and real communities to hard-working families where they can grow and thrive. I’m confident that our team’s lived experiences, cultural competency, and investment acumen will help to create long-term value for residents and investors alike.”

LPC approaches each investment in a highly customized way to enhance communities based on the specific needs of residents. At this initial phase, the leadership team has identified three community-focused partners to provide support for residents: non-profit organizations Washington Jesuit Academy, which provides comprehensive education for promising students from underserved communities, and Employ Prince George’s, a workforce development service provider, as well as Esusu, a minority-owned fintech platform that will allow residents to have their rental payments reported to major credit bureaus to help establish or improve their credit profiles and build stronger credit histories.

As part of the announcement, LPC is expanding its presence in the region with the appointment of industry veteran Julia Stevenson as LPC’s Director for the Mid-Atlantic region, effective June 20, 2022. Stevenson will be based in Washington, DC. Her extensive real estate experience includes fund management, impact investing, development, and project finance, with prior leadership roles at LISC Strategic Investments, Banneker Ventures, Eagle Bank, PNC Bank, and the Howard County (MD) Real Estate Development office.

“Beyond her deep expertise in commercial real estate, fund structuring and capital markets, Julia has a demonstrated track record of building teams, cultivating meaningful relationships, and building trust with broad segments of community and business stakeholders,” said Johnson. “We look forward to working closely with Julia to expand our platform in the region and bring our vision into reality.”

“LPC presents the market with an authentic commitment to impact investing at its intersection of commercial real estate and equitable capital. I look forward to building with Malcolm and the team in this meaningful work,” said Stevenson.

LPC was founded in 2021 by CEO Malcolm Johnson, who leads a diverse, dynamic leadership team with expertise in real estate finance, asset management, impact investing, and M&A. Kennedy Wilson (NYSE: KW), a global real estate investment company, was LPC’s founding partner, and the firm received a strategic investment from Eldridge, a holding company with a diversified network of businesses across finance, real estate, entertainment, and technology. Capital One, a top-5 Freddie Mac lender, provided a financing vehicle for the acquisition that can grow with LPC’s plans for the property.

About Langdon Park Capital

Langdon Park Capital (LPC) is a real estate investment manager focused on creating lasting social impact in historically underserved Black and Latino communities, while generating strong returns for its investors. The firm combines institutional capital with the industry expertise and the lived experiences of its diverse leadership team to customize its investment approach based on each community’s specific needs. Headquartered in Los Angeles, LPC invests in affordable and workforce residential and mixed-use real estate properties in cities across the United States. To learn more about Langdon Park Capital, please visit www.langdonparkcapital.com.

Contacts

Josette Thompson & Melanie Gounardes

Prosek Partners

Pro-langdonpark@prosek.com