DUBLIN–(BUSINESS WIRE)–The “Canada’s Interior Doors Market (2022-2027) By Material Type, By Door Type, By End-User, and Geography, IGR Competitive Analysis, Impact of Covid-19, Ansoff Analysis” report has been added to ResearchAndMarkets.com’s offering.

The Canadian Interior Doors Market is estimated to be USD 2.07 Bn in 2022 and is projected to reach USD 2.63 Bn by 2027, growing at a CAGR of 4.9%.

Market Segmentations

The Canada Interior Doors Market is segmented based on By Material Type, By Door Type, By End-User, and Geography.

• By Material Type, the market is classified into Wood, Glass, Steel, Fiberroad, Fiberglass, and Vinyl.
• By Door Type, the market is classified into Single Doors and Double Doors.
• By End-User, the market is classified into Residential buildings and Commercial buildings.

Company Profiles

The report provides a detailed analysis of the competitors in the market. It covers the financial performance analysis for publicly listed companies in the market. The report also offers detailed information on the companies’ recent development and competitive scenario. Some of the companies covered in this report are A-1 Doors & Mouldings, Alliance Door Products, Alum Complete, Amberwood Doors Inc, DoorSmith, First Impression Wood Masters, GEM Windows & Doors, etc.

Competitive Quadrant

The report includes a Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Ansoff Analysis

The report presents a detailed Ansoff matrix analysis for the Canada Interior Doors Market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design strategies for the growth of the company. The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development and Diversification. The matrix is also used for risk analysis to understand the risk involved with each approach.

The analyst analyses Canada’s Interior Doors Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position.

Based on the SWOT analysis conducted on the industry and industry players, the analyst has devised suitable strategies for market growth.

Why buy this report?

• The report offers a comprehensive evaluation of the Canada Interior Doors Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
• The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
• The report includes an in-depth market analysis using Porter’s 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
• The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
• The report also contains the competitive analysis using the analyst’s competitive positioning tool.

Market Dynamics

Drivers

• Increase in Infrastructure Development Projects
• Rise in Disposable Income
• Rise in Trend of Interior Designing

Restraints

• High Cost of Eco-Friendly Doors

Opportunities

• Growing Demand for Glass and Vinyl Doors in Residential Space
• Rising Opportunity for Minimalists with Maximalist Doors

Challenges

• Door Hinge and Paint Issue

Key Topics Covered:

1 Report Description

2 Research Methodology

3 Executive Summary

4 Market Dynamics

5 Market Analysis

6 Canada Interior Doors Maket, By Material Type

7 Canada Interior Doors Market, By Door Type

8 Canada Interior Doors Market, By End-User

9 Competitive Landscape

10 Company Profiles

11 Appendix

Companies Mentioned

• A-1 Doors & Mouldings
• Alliance Door Products
• Alum Complete
• Amberwood Doors Inc
• DoorSmith
• First Impression Wood Masters
• GEM Windows & Doors
• Jeld Wen
• Madawaska Door & Trim
• Metrie
• Modern Interior Door
• Panasonic
• Portatec
• RK Door Inc.
• Select Door and Frames
• Timber Door Inc.

For more information about this report visit https://www.researchandmarkets.com/r/qyvrjn

Contacts

ResearchAndMarkets.com

Laura Wood, Senior Press Manager

press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470

For U.S./ CAN Toll Free Call 1-800-526-8630

For GMT Office Hours Call +353-1-416-8900

Westlake Royal commits to build 10 homes per year in Canadian market

WOODBRIDGE, Ontario–(BUSINESS WIRE)–Together with Habitat for Humanity Grey Bruce, Westlake Royal Building Products announced an instrumental nationwide partnership to provide Westlake Royal siding products and materials for seven new homes in Saugeen First Nation in Southampton, Ontario, Canada. These are the first seven homes that are part of a greater partnership with Habitat for Humanity Canada in which Westlake Royal has committed to donate materials for ten homes per year.

The seven new homes are being built for member families of Saugeen First Nation, and will be considered home to 21 children. This addition of new energy-efficient housing in Saugeen First Nation means members who were forced to leave the area in search of housing options can return to their community to raise their children. Each home is a single dwelling and the build includes three- and four-bedroom models. The pre-selected families had the opportunity to customize each home with their preferred color selections and finishes. The homes are expected to be completed in December 2022, and will be dedicated to each family before the start of the holiday season.

For these homes, Westlake Royal donated approximately 140 squares of vinyl siding, including Royal^® Crest Siding, Portsmouth^™ Shake & Shingles Siding, Royal^® Shutters, and Royal^® Mounts and Vents accessories.

“We recognize the deep need for affordable quality housing in Ontario and especially among First Nation communities. We are humbled to partner with Habitat for Humanity Grey Bruce to donate our products and services to the Saugeen First Nation families during challenging times,” said Steve Booz, VP of Marketing & Product Management, Westlake Royal Building Products. “We are excited to kick off our partnership and anticipate building homes together for many years to come.”

Saugeen Ojibway Nation and Habitat for Humanity Grey Bruce have been working together since 2016 and the partnership has resulted in a total of 28 homes built on First Nation Territory, including these seven new homes.

“We’re honored that Westlake Royal has chosen to support our building of seven homes for members of Saugeen First Nation in Southampton, Ontario through a donation of vinyl siding,” said Greg Fryer, Executive Director, Habitat for Humanity Grey Bruce. “Westlake Royal products are not only best-in-class for quality, but look fabulous on our homes. We are thankful to the team at Westlake Royal for their partnership.”

“We are truly grateful for the donation of siding from Westlake Royal that will go towards the 7 new homes that are being built in partnership with Habitat for Humanity Grey Bruce. The continued support from Habitat and sponsors like Westlake Royal are making a real impact towards addressing our housing shortage needs,” said Melissa Snowdon, Saugeen First Nation Councillor.

To learn more about Westlake Royal Building Products, visit: www.westlakeroyalbuildingproducts.com.

About Westlake Royal Building Products

Westlake Royal Building Products USA Inc., a Westlake company (NYSE:WLK), is a leader throughout North America in the innovation, design, and production of a broad and diverse range of exterior and interior building products, including Siding and Accessories, Trim and Mouldings, Roofing, Stone, Windows and Outdoor Living. For more than 50 years, Westlake Royal Building Products has manufactured high quality, low maintenance products to meet the specifications and needs of building professionals, homeowners, architects, engineers and distributors, while providing stunning curb appeal with an unmatched array of colors, styles, and accessories.

For more information, please visit WestlakeRoyalBuildingProducts.com. Follow us on LinkedIn and Instagram and “Like” us on Facebook.

Contacts

Kriss Swint

Westlake Royal Building Products

1-614-754-3455

Kswint@Westlake.com

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

TORONTO–(BUSINESS WIRE)–#valueforgenerations–Choice Properties Real Estate Investment Trust (“Choice Properties”) (TSX: CHP.UN) announced today that the trustees of Choice Properties have declared a cash distribution for the month of October, 2022 of $0.061667 per trust unit, representing $0.74 per trust unit on an annualized basis, payable on November 15, 2022 to Unitholders of record at the close of business on October 31, 2022.

About Choice Properties Real Estate Investment Trust

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

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

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

Contacts

Mario Barrafato

Chief Financial Officer

Choice Properties REIT

(416) 628-7872

Mario.Barrafato@choicereit.ca

TORONTO–(BUSINESS WIRE)–Slate Office REIT (TSX: SOT.UN) (the “REIT”), an owner and operator of high-quality workplace real estate, announced today that the Board of Trustees has declared a distribution for the month of October 2022 of C$0.0333 per trust unit of the REIT, representing $0.40 per unit of the REIT on an annualized basis.

The distribution will be payable on November 15, 2022 to unitholders of record as of the close of business on October 31, 2022.

About Slate Office REIT (TSX: SOT.UN)

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

About Slate Asset Management

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

Forward-Looking Statements

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

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

SOT-Dist

Contacts

Investor Relations

+1 416 644 4264

ir@slateam.com

TORONTO–(BUSINESS WIRE)–Dream Unlimited Corp. (TSX:DRM) (“Dream”) has announced that Dream Asset Management Corporation (“DAM”) acquired 460,957 units (“Units”) of Dream Impact Trust (TSX:MPCT.UN) (“Dream Impact”) in lieu of asset management fees payable to DAM pursuant to the management agreement in respect of Dream Impact (“Management Agreement”), representing approximately 0.7% of the issued and outstanding Units. Prior to the acquisition, DAM and its joint actors owned 19,900,992 Units representing approximately 30.1% of the issued and outstanding Units and, following the acquisition, DAM and its joint actors own 20,361,949 Units representing approximately 30.8% of the issued and outstanding Units. The Units beneficially owned by DAM and its joint actors prior to and after the acquisition on October 13, 2022, include 53,062 Units that are issuable to Mr. Michael J. Cooper, the Chief Responsible Officer of DAM, pursuant to the terms of vested deferred trust units owned by Mr. Cooper under the Deferred Unit Incentive Plan of MPCT in respect of which Mr. Cooper has elected to defer their issuance but which Mr. Cooper is deemed to beneficially own.

Pursuant to a letter agreement between DAM, Dream Impact and Dream Impact Master LP, DAM has agreed to accept the delivery of Units in satisfaction of the management fees payable to DAM pursuant to the Management Agreement for the period from January 1, 2021 to December 31, 2021, in order to increase DAM’s ownership stake in Dream Impact and to preserve the business’s cash to support the cash distributions by Dream Impact while Dream Impact seeks to increase the market value of the Units by offering to purchase Units. DAM intends to evaluate its investment in Units on a continuing basis and either may acquire Units or decrease its holdings of Units in the future. DAM is a wholly-owned subsidiary of Dream, which is controlled by Mr. Michael Cooper, President and Chief Responsible Officer. DAM acts as the asset manager for Dream Impact and Dream Impact Master LP.

This press release is being issued pursuant to the requirements of National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issues (“NI 62-103”) of the Canadian Securities Administrators. A copy of the report to be filed by DAM in connection with the transactions described herein will be available on Dream Impact’s SEDAR profile at www.sedar.com, and can also be obtained by contacting Mr. Robert Hughes, General Counsel, Dream Unlimited Corp. at 416-365-3535.

DAM’s head office and Dream Impact’s head office are located at Suite 301, State Street Financial Centre, 30 Adelaide Street East, Toronto, Ontario M5C 3H1.

About Dream Unlimited Corp.

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

Contacts

For further information:

Dream Unlimited Corp.
Deborah Starkman

Chief Financial Officer

(416) 365-4124

dstarkman@dream.ca

Kim Lefever

Director, Investor Relations

(416) 365-6339

klefever@dream.ca

DUBLIN–(BUSINESS WIRE)–The “Solar Panel Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” report has been added to ResearchAndMarkets.com’s offering.

The global solar panel market size reached 177.7 GW in 2021. Looking forward, the market to reach 536.9 GW by 2027, exhibiting a CAGR of 20.24% during 2021-2027.

A solar panel, also known as a PV panel, is a collection of solar (or photovoltaic) cells that employ natural sunlight to generate electricity. It is made of several solar cells, manufactured using silicon, boron, and phosphorus, which are arranged in a grid-like pattern on the surface.

The utilization of solar panels has increased across the globe as they do not lead to any form of pollution and their installation helps in combating the harmful emissions of greenhouse gases. Also, innovations in quantum physics and nanotechnology are projected to increase their effectiveness potentially.

Solar panels provide clean as well as renewable energy and assist in reducing the amount of electricity produced from fossil fuels. Owing to this, governments in various emerging regions are providing tax relaxations and conducting several awareness campaigns to encourage their installation.

For instance, the Ministry of New and Renewable Energy (MNRE) of the Government of India is promoting the installation of solar PV systems in the country under the Jawaharlal Nehru National Solar Mission. Apart from this, ultrathin solar panels have been developed which are lighter and more flexible than the glass-based variants.

They are superior to conventional solar panels in terms of efficiency and cost-effectiveness. They can also be integrated into almost any surface, which will further boost their applicability across various sectors.

Key Questions Answered in This Report:

• How has the global solar panel market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the global solar panel industry?
• What are the key regional markets in the global solar panel industry?
• What are the several end use segment in the global solar panel industry?
• What are the major product types in the global solar panel industry?
• What are the price trends of solar panel?
• What are the various stages in the value chain of the global solar panel industry?
• What are the key driving factors and challenges in the global solar panel industry?
• What is the structure of the global solar panel industry and who are the key players?
• What is the degree of competition in the global solar panel industry?
• What are the profit margins in the global solar panel industry?
• What are the key requirements for setting up a solar panel manufacturing plant?
• How are solar panels manufactured?
• What are the various unit operations involved in a solar panel manufacturing plant?
• What is the total size of land required for setting up a solar panel manufacturing plant?
• What are the machinery requirements for setting up a solar panel manufacturing plant?
• What are the raw material requirements for setting up a solar panel manufacturing plant?
• What are the packaging requirements for solar panels?
• What are the transportation requirements for solar panels?
• What are the utility requirements for setting up a solar panel manufacturing plant?
• What are the manpower requirements for setting up a solar panel manufacturing plant?
• What are the infrastructure costs for setting up a solar panel manufacturing plant?
• What are the capital costs for setting up a solar panel manufacturing plant?
• What are the operating costs for setting up a solar panel manufacturing plant?
• What will be the income and expenditures for a solar panel manufacturing plant?
• What is the time required to break-even?

Competitive Landscape:

The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major manufacturers in the market.

Some of the leading players are:

• Jinko Solar
• Trina Solar
• Canadian Solar
• JA Solar
• Hanwha Q-CELLS
• GCL-SI
• LONGi Solar
• Risen Energy
• Shunfeng
• Yingli Green

Key Market Segmentation:

Breakup by Type:

On the basis of the type, crystal silicon solar panels currently represent the most popular type as they have laboratory energy conversion efficiencies of over 25% for monocrystalline cells and over 20% for polycrystalline cells.

• Crystal Silicon
• Monocrystalline Silicon
• Polycrystalline Silicon
• Thin Film
• Others

Breakup by End Use:

Amongst these, the commercial sector represents the largest end-use segment, accounting for the majority of the global market share.

• Commercial
• Residential
• Industrial

Regional Insights:

On the geographical front, Asia Pacific enjoys a leading position in the market on account of the utilization of solar panels to increase reliability and aid in alleviating chronic power shortages across the region.

• Asia Pacific
• North America
• Europe
• Middle East and Africa
• Latin America

For more information about this report visit https://www.researchandmarkets.com/r/44x15l

Contacts

ResearchAndMarkets.com

Laura Wood, Senior Press Manager

press@researchandmarkets.com

For E.S.T Office Hours Call 1-917-300-0470

For U.S./ CAN Toll Free Call 1-800-526-8630

For GMT Office Hours Call +353-1-416-8900

TORONTO–(BUSINESS WIRE)–Real Matters Inc. (“Real Matters”), a leading network management services provider for the mortgage lending and insurance industries, will announce its fourth quarter and fiscal 2022 financial results via news release on Wednesday, November 16, 2022, before market open.

Conference Call and Webcast

A conference call to review the results will take place at 10:00 a.m. (ET) on Wednesday, November 16, 2022, hosted by Chief Executive Officer Brian Lang and Chief Financial Officer Bill Herman. An accompanying slide presentation will be posted to the Investor Relations section of our website shortly before the call.

To access the call:

• Participant Local (Toronto): (416) 764-8642
• Participant Toll Free Dial-In Number: (888) 884-4523
• Conference ID: 76903946

To listen to the live webcast of the call:

• Go to: https://event.on24.com/wcc/r/3289743/711CEBFDAE72AB3E3BB65FDFC6112573

The webcast will be archived and a transcript of the call will be available in the Investor Relations section of our website following the call.

About Real Matters

Real Matters is a leading network management services provider for the mortgage lending and insurance industries. Real Matters’ platform combines its proprietary technology and network management capabilities with tens of thousands of independent qualified field professionals to create an efficient marketplace for the provision of mortgage lending and insurance industry services. Our clients include top 100 mortgage lenders in the U.S. and some of the largest insurance companies in North America. We are a leading independent provider of residential real estate appraisals to the mortgage market and a leading independent provider of title and mortgage closing services in the U.S. Headquartered in Markham (ON), Real Matters has principal offices in Buffalo (NY) and Middletown (RI). Real Matters is listed on the Toronto Stock Exchange under the symbol REAL. For more information, visit www.realmatters.com.

Contacts

For more information:
Lyne Beauregard

Vice President, Investor Relations and Corporate Communications

Real Matters

lbeauregard@realmatters.com
416.994.5930

TORONTO–(BUSINESS WIRE)–Tricon Residential Inc. (“Tricon” or the “Company”) (NYSE: TCN, TSX: TCN), an owner and operator of single-family rental homes and multi-family rental apartments in the United States and Canada, announced today that the Toronto Stock Exchange (the “TSX”) has approved its notice of intention to make a normal course issuer bid (the “Bid”) for a portion of its common shares (“Common Shares”) trading on the TSX, the New York Stock Exchange (the “NYSE”) and/or alternative Canadian trading systems, as appropriate opportunities arise from time to time. The Bid will be made in accordance with the requirements of the TSX and applicable Canadian and U.S. securities laws. Tricon is adopting an automatic securities repurchase plan in connection with its Bid that contains strict parameters regarding how its Common Shares may be repurchased during times when it would ordinarily not be permitted to purchase Common Shares due to regulatory restrictions or self-imposed blackout periods. Tricon may begin to purchase Common Shares on October 18, 2022.

As of October 7, 2022, there were 273,760,820 Common Shares issued and outstanding, and Tricon’s public float was 265,591,538 Common Shares. Pursuant to the Bid, Tricon intends to acquire up to 2,500,000 Common Shares, being approximately 0.94% of the public float of Common Shares, in the 12-month period commencing October 18, 2022 and ending on October 17, 2023. Purchases under the Bid will be funded through available cash and made by Tricon through the facilities of the TSX, the NYSE and/or alternative Canadian trading systems, in accordance with the TSX’s applicable policies and applicable regulatory requirements, including Rule 10b-18 of the Securities Exchange Act of 1934. The price that Tricon will pay for any Common Shares will be the market price of such Common Shares at the time of acquisition. Under the Bid, Tricon may purchase up to 160,449 Common Shares on the TSX during any trading day, which is 25% of 641,796 (the average daily trading volume for Tricon’s Common Shares on the TSX for the six months ended September 30, 2022). This limitation does not apply to purchases made pursuant to block purchase exemptions. Rule 10b-18 contains similar volume-based restrictions on daily purchases on the NYSE, subject to certain exceptions for block repurchases. Common Shares that are purchased under the Bid will be cancelled upon their purchase by Tricon.

Tricon believes that the repurchase of a portion of outstanding Common Shares is an appropriate use of available resources and is in the Company’s best interests. “Our primary capital allocation priorities of debt repayment and positioning our balance sheet for future growth remain unchanged,” said Gary Berman, Tricon’s President and CEO, “but we believe that buying back some of our shares is a worthwhile use of cash in the current share price environment.”

About Tricon Residential Inc.

Tricon Residential Inc. is an owner and operator of a growing portfolio of approximately 41,000 single-family rental homes and multi-family rental apartments in the United States and Canada with a primary focus on the U.S. Sun Belt. Our commitment to enriching the lives of our residents and local communities underpins Tricon’s culture and business philosophy. We strive to continuously improve the resident experience through our technology-enabled operating platform and innovative approach to rental housing. At Tricon Residential, we imagine a world where housing unlocks life’s potential. For more information, visit www.triconresidential.com.

Forward-Looking Information

Certain statements contained in this news release constitute forward-looking information within the meaning of applicable securities laws. In some cases, forward-looking information can be identified by such terms such as “may”, “might”, “will”, “could”, “should”, “would”, “occur”, “expect”, “plan”, “anticipate”, “believe”, “intend”, “estimate”, “predict”, “potential”, “continue”, “likely”, “schedule”, or the negative thereof or other similar expressions concerning matters that are not historical facts. Some of the specific forward-looking statements in this news release include, but are not limited to, statements with respect to the number of Common Shares to be acquired under the Bid and other related matters. Tricon has based these forward-looking statements on factors and assumptions about future events and financial trends that it believes may affect its financial condition, financial performance, business strategy and financial needs. Although the forward-looking statements contained in this news release are based upon assumptions that management of Tricon believe are reasonable based on information currently available to management, there can be no assurance that actual results will be consistent with these forward-looking statements. Forward-looking statements necessarily involve known and unknown risks and uncertainties, many of which are beyond Tricon’s control, including, among other things, the risks identified in materials filed under Tricon’s profile at www.sedar.com from time to time. The forward-looking statements made in this news release relate only to events or information as of the date hereof. Except as required by applicable Canadian law, Tricon undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events.

Contacts

For further information, please contact: 

Wissam Francis

EVP & Chief Financial Officer

Wojtek Nowak

Managing Director, Capital Markets

Email: investorsupport@triconresidential.com

 

TORONTO–(BUSINESS WIRE)–#valueforgenerations–Choice Properties Real Estate Investment Trust (“Choice Properties” or the “Trust”) (TSX: CHP.UN) announced today that it will be reporting third quarter 2022 results on Wednesday, November 9, 2022, after-market hours.

Management will host a conference call the next day on Thursday, November 10, 2022 at 9:00 AM (ET) with a simultaneous audio webcast. To access via teleconference please dial (240) 789-2714 or (888) 330-2454 and enter the event passcode: 4788974. The link to the audio webcast will be available on www.choicereit.ca/events-webcasts.

About Choice Properties Real Estate Investment Trust

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

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

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

Contacts

Angelica Muere

Director, Social Impact, Marketing and Communications

T 416 628-7794

E Angelica.Muere@choicereit.ca

Optii is sponsoring the invitation-only user conference, a key forum for information exchange and technology innovation for Maestro PMS hotel customers.

AUSTIN, Texas–(BUSINESS WIRE)–Optii Solutions, the leading hotel operations software, announced today its sponsorship and participation in Maestro’s in-person annual user conference.

Optii’s integration with Maestro’s All-in-One Property Management Software delivers a powerful end-to-end operations solution that draws on the strengths of each technology to deliver productivity gains, improved team performance, and an overall better guest experience. Beyond the technology partnership, Optii is reaffirming its commitment to Maestro customers with its participation in the user-conference.

The event takes place October 17-20th at the King Edward Hotel in Toronto, Canada. Warren Dehan, the President of Maestro, will kick off the conference along with Larry Mogelonsky, the world’s most published hospitality author and co-founder of Hotel Mogel Consulting who will present potential solutions to the current labor crisis that the industry faces. A three day packed agenda will follow that is designed to help Maestro customers navigate change, thrive and accelerate their success through evolving guest expectations, and achieve optimal productivity and profitability.

Elizabeth Katusa, Director of Sales, Optii Solutions, said: “I am looking forward to connecting with Maestro customers and sharing the proven value of combining Optii with Maestro. Our customers, Rodd Hotels and Resorts and The Godfrey Hotel & Cabanas Tampa, are both reporting tremendous success with the powerful combination of our solutions, and I’m excited to extend the same to other hoteliers.”

Deborah Pevenstein, Chief Revenue Officer, Optii Solutions, said: “The hospitality technology ecosystem is vast and collaboration between providers in the space is critical to delivering value to hoteliers. At Optii, we have been fortunate to have a strong partnership and collaboration with Maestro over the years, which has ultimately resulted in value to our shared hotel customers. We couldn’t be more excited to showcase this next week in Toronto.”

About Optii Solutions

Optii Solutions is a hotel operations solution that leverages smarter technologies such as artificial intelligence, analytics, messaging and mobility to improve the efficiency and effectiveness of housekeeping and service delivery departments. For further information, please visit: www.optiisolutions.com.

Contacts

Olivia Hammond

ohammond@fireoth.com
+44 7597 569660

TORONTO & NEW YORK–(BUSINESS WIRE)–The Real Brokerage Inc. (“Real” or the “Company”) (NASDAQ: REAX) (TSX: REAX), an international, technology-powered real estate brokerage, announced today that it will be live streaming certain sessions on the morning of October 18, 2022, from the inaugural One Real Conference taking place Monday October 17, 2022 through Wednesday October 19, 2022 in San Antonio, Texas.

Those who tune in to the One Real Conference will benefit from informational sessions featuring members of Real’s senior leadership team and Board of Directors as they unveil new initiatives and dive into their vision for the future of the company.

Anyone wishing to view the sessions can register here in advance: https://www.webcaster4.com/Webcast/Page/2699/46786

Details can also be accessed on Real’s investor relations page, under the events section: https://investors.onereal.com/

More information on the conference can be found here: https://www.onerealconference.com/

Schedule of Events – October 18, 2022 (all times in CT)

9:00am – General Session: Welcome

9:20am – Real Vision

10:00am – Technology: A Look Ahead

10:40am – Real Title: Now and Beyond

10:50am – Real Training 2.0

11:10am – 10 Minute Break

11:20am – Ask Me Anything: Real Brokerage Leadership

11:50am – Board of Directors Panel

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

Media, for more information:
Elisabeth Warrick

Director, Communications

elisabeth@therealbrokerage.com
201.564.4221

TORONTO–(BUSINESS WIRE)–Tricon Residential Inc. (“Tricon” or the “Company”) (NYSE: TCN, TSX: TCN), an owner and operator of single-family rental homes and multi-family rental apartments in the United States and Canada, announced today that it has entered into an agreement to sell its 20% equity interest in its portfolio of 23 Sun Belt apartment buildings (the “Portfolio”). The interest is being acquired by a vertically integrated residential real estate investment and property management company, which will assume all asset and property management responsibilities after a customary transition period. The transaction remains subject to customary closing conditions and is expected to close on or around October 18.

In aggregate, Tricon will receive approximately $315 million of gross proceeds from the sale, including performance fees earned for managing the third-party joint venture through which the Portfolio is held.

Tricon intends to use the net sale proceeds primarily to repay outstanding debt on its corporate credit facility, enhancing its balance sheet flexibility to pursue future growth in its core single-family rental business.

“The sale of our U.S. multi-family business marks a significant step in our quest to simplify our business and focus our balance sheet exposure primarily on single-family rental, where we continue to see strong demand and growth opportunities,” said Gary Berman, President & CEO of Tricon Residential. “Our investment in this portfolio has generated an attractive IRR of over 20% to Tricon since inception, inclusive of fees, and helps validate the difference between private and public market valuations in today’s economic environment.”

“To the dedicated employees that have made our U.S. multi-family business a success: I want to thank you all for your hard work and for consistently going above and beyond to elevate our resident experience,” Mr. Berman added. “We expect the vast majority of onsite property management staff to remain in their roles after a smooth transition to the new owner of the portfolio – a respected operator that shares our principles and commitment to putting the needs of our employees and residents first.”

Eastdil Secured acted as Tricon’s exclusive financial advisor on this transaction.

About Tricon Residential Inc.

Tricon Residential Inc. is an owner and operator of a growing portfolio of approximately 41,000 single-family rental homes and multi-family rental apartments in the United States and Canada with a primary focus on the U.S. Sun Belt. Our commitment to enriching the lives of our residents and local communities underpins Tricon’s culture and business philosophy. We strive to continuously improve the resident experience through our technology-enabled operating platform and innovative approach to rental housing. At Tricon Residential, we imagine a world where housing unlocks life’s potential. For more information, visit www.triconresidential.com.

Forward-Looking Information

This press release contains forward-looking statements and information relating to expected future events and the Company’s financial and operating results and projections that involve risks and uncertainties, including statements regarding the Company’s intentions, growth and investment opportunities, and performance goals and expectations. Such forward-looking information is typically indicated by the use of words such as “will”, “may”, “expects” or “intends”. The forward-looking statements and information contained in this press release include, without limitation, statements regarding: the sale of the Company’s interest in the Portfolio; the proceeds of disposition; the Company’s use of those proceeds and the expected debt reduction and balance sheet impact of that use; and the Company’s intentions for some of its current employees.

If unknown risks arise, or if any of the assumptions underlying the forward-looking statements prove incorrect, actual results may differ materially from management expectations as projected in such forward-looking statements. Examples of such risks and uncertainties include, but are not limited to, the inability to complete the transaction described herein due to the failure to satisfy its requisite conditions, and other risk factors described in the Company’s continuous disclosure materials from time to time, available on SEDAR at www.sedar.com. Accordingly, although we believe that our anticipated future results, performance or achievements expressed or implied by the forward-looking statements and information are based upon reasonable assumptions and expectations, the reader should not place undue reliance on forward-looking statements and information. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, unless required by applicable law.

Non-IFRS Measures

The Company has included herein certain non-IFRS financial measures as well as certain measures of investment performance which are supplementary financial measures. These measures are commonly used by entities in the real estate industry as useful metrics for measuring performance. We utilize these measures in managing our business, including performance measurement and capital allocation. We believe that providing these performance measures on a supplemental basis is helpful to investors and shareholders in assessing the overall performance of the Company’s business and investments. However, these measures are not recognized under and do not have any standardized meaning prescribed by IFRS as issued by the IASB, and are not necessarily comparable to similar measures presented by other publicly traded entities. These measures should be considered as supplemental in nature and not as a substitute for related financial information prepared in accordance with IFRS. The definitions of the Company’s Non-IFRS measures are provided in the “Glossary and Defined Terms” section as well as Section 6 of Tricon’s MD&A. The non-IFRS financial measures and supplementary financial measures presented herein should not be construed as alternatives to net income (loss) or cash flow from the Company’s activities, determined in accordance with IFRS, as indicators of Tricon’s financial performance. Tricon’s method of calculating these measures may differ from other issuers’ methods and, accordingly, these measures may not be comparable to similar measures presented by other publicly-traded entities.

Contacts

Investors

Wissam Francis

EVP & Chief Financial Officer

Wojtek Nowak

Managing Director, Capital Markets

Email: investorsupport@triconresidential.com

Media

Tara Tucker

Vice President, Communications

Email: ttucker@triconresidential.com