Axonic holds first close on its inaugural Private Credit Strategy

NEW YORK–(BUSINESS WIRE)–Axonic Capital, New York-based structured credit, commercial real estate and systematic fixed income specialist with $4.8 billion in assets under management, announced the first closing of its inaugural Private Credit Offering in the middle of July. The strategy will hold subsequent closings throughout the remainder of the year.

The Axonic Private Credit Strategy will offer an alternative structure for allocators who want to take advantage of capital market inefficiencies in a closed-end structure. The strategy will target assets across commercial real estate (“CRE”), commercial mortgage back securities (“CMBS”) and residential transitional loans (“RTL”). The strategy will deploy capital into asset based cashflows that have asymmetric risk reward profiles at favorable valuations. More broadly, Axonic’s structuring will allow for the firm to mitigate default risk by structuring these cashflows with a sufficient margin of safety. By their nature, these more illiquid, private credit investments should provide low correlation to public credit markets and provide investors access to loans sourced through proprietary channels.

“We are more optimistic than ever regarding the opportunity set for this strategy,” said Clay DeGiacinto, Chief Investment Officer and Managing Partner of Axonic. “Private credit is an ideal vehicle for investing during periods of economic dislocation. In fact, this is an environment we have been anticipating since late last year. During such a time, the strategy will provide a patient source of capital designed to take advantage of the many dislocations we expect in the private markets. Some of that dislocation may be driven by relative value in public markets.”

Axonic has also recently hired Dominick Negrotto as a Managing Director on the Business Development team. Dominick previously was a Principal on the Business Development and Investor Relations team at Atalaya, an asset-based private credit and special opportunities firm. Prior to joining Atalaya, Dominick was a Director on the Capital Introduction team at Wells Fargo. Earlier in his career, Dominick was a Managing Director at Advanced Portfolio Management, where he oversaw manager selection and due diligence for the firm’s alternative investments.

“Given Dominick’s extensive background in the private markets space he will be instrumental in the fundraising for our Private Credit efforts,” said Peter Carey, Partner, Head of Business Development. “We are very excited to have Dominick on board as he brings invaluable experience that will benefit our longstanding institutional investors and support the development of new partnerships.”

About Axonic Capital

Founded in 2010, Axonic Capital offers commercial and residential real estate strategies, systematic fixed income and commercial lending strategies along with its structured credit expertise. Axonic Capital manages investment portfolios across Limited Partnerships, Separate Accounts, and two publicly registered Funds. The firm employs 55 professionals.

Contacts

Axonic Capital Media Contact:

Melissa Parvis

Head of Investor Relations

+ 1 212 828 7209

TORONTO & NEW YORK–(BUSINESS WIRE)–The Real Brokerage Inc. (” Real ” or the ” Company “) (NASDAQ: REAX) (TSX: REAX), an international, technology-powered real estate brokerage, today announced that it will release its second quarter 2022 financial results before market open on Thursday, August 11, 2022.

The Company will subsequently hold a conference call to discuss second quarter 2022 operating and financial results on Thursday, August 11, 2022, 11:00 AM EST. An archived replay of the webcast will also be available for one year by clicking the link below.

Conference Call Details:

Date:		Thursday, August 11, 2022
Time:		11:00 a.m. EST*
Dial-in Number:		North American Toll Free: 877-545-0523
		International: 973-528-0016
Access Code:		611683
Webcast:		https://www.webcaster4.com/Webcast/Page/2699/46223
Replay Number:		North American Toll Free: 877-481-4010
		International: 919-882-2331
Passcode:		46223
Webcast Replay:		https://www.webcaster4.com/Webcast/Page/2699/46223
*Participants are encouraged to dial in 5 to 10 minutes before the beginning of the conference call.

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 5,000 agents. Additional information can be found on its website at onereal.com.

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 Real’s second quarter earnings call, the release of the second quarter financial results 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.

Contacts

For additional information, please contact:

Jason Lee

Vice President, Capital Markets & Investor Relations

investors@therealbrokerage.com
908.280.2515

For media inquiries, please contact:

Elisabeth Warrick

Director, Communications

elisabeth@therealbrokerage.com

ICC Expands Product Line to Grow Industrial Markets

SAINT-JÉRÔME, Québec–(BUSINESS WIRE)–Industrial Chimney Company (ICC), manufacturer of prefabricated chimneys along with high-efficiency fireplaces, has acquired Cheminee Lining, the exhaust solutions division of premier boiler manufacturer, The Cleaver-Brooks Company, Inc. The move to acquire Cheminee Lining occurred quickly after Cleaver-Brooks announced its intention to discontinue the sale of exhaust stacks and venting in May 2022. ICC seized the opportunity, finding it aligned well with its continued focus on global expansion and development of new markets.

The combination of ICC and Cheminee Lining will strengthen their position as a market leader in the commercial industrial chimney industry.

As part of the sale, ICC will continue to lease 56,000 square feet of manufacturing space and 21,000 square feet of office space located in Terrebonne, Quebec, as well as provide employment for more than 44 existing Cheminee Lining employees.

Both Cleaver-Brooks and ICC will honor current customer commitments and will maintain contact with customers regarding future activities.

Cleaver-Brooks continues to provide best-in-industry integrated boiler room solutions for steam and hydronic applications throughout the North American and international markets.

About ICC

Established in 1991, ICC employs more than 200 people dedicated to providing the safest and highest quality products. With a recent 30,000-square-foot addition, the 120,000-square-foot factory runs 24/7 all year round. It is located on more than 20 acres of prime industrial property and is filled with state-of-the-art machinery. Visit icc-rsf.com for more information.

About Cleaver-Brooks

Cleaver-Brooks is the premier boiler industry innovator and only boiler manufacturer in the world to offer The Power of Total Integration™. The company engineers and manufactures entirely integrated boiler room solutions for steam and hydronic applications, offers superior sales and service from a world-class representative network, and shares its expertise through a robust training and education program and engineering support. Cleaver-Brooks is committed to providing efficient solutions that help its customers operate boiler systems at optimum reliability, promote sustainability, and reduce costs. Visit cleaverbrooks.com for more information.

Contacts

Darren K. Allen

Cleaver-Brooks

229-558-5503

dallen@cleaverbrooks.com

Steven Rea

Industrial Chimney Company

(514) 591-2505

srea@icc-rsf.com

TORONTO–(BUSINESS WIRE)–Lafarge Canada is proudly co-funding a low-carbon concrete design research project at Queen’s University (Kingston,ON) and providing the company’s specially designed concrete to the initiative. The project, which aligns with the company’s decarbonization strategy and brings together a number of industry partners, is led by Dr. Neil Hoult, Professor, Department of Civil Engineering, Faculty of Engineering and Applied Science, Queen’s University, with Josh Woods, Assistant Professor, Queen’s University, Evan Bentz, Professor, Faculty of Engineering and Applied Science, University of Toronto, and Dr. John Orr, Assistant Professor, Department of Civil Engineering, University of Cambridge.

“At Lafarge we value partnerships that connect all of the contributors to NetZero construction, in this case we are collaborating with the Owner, the Architect and the Construction Manager in a new way to achieve our shared sustainability goals,” commented Rob Cumming, Head of Sustainability, Lafarge Canada (East).

“Lafarge is excited to participate in a project like this one – it fits perfectly into our green growth roadmap. The integration of our mix design expertise through our ECOPact concrete product line coupled with smart structural engineering design will allow for much lower embodied carbon than would be possible otherwise. This models the sort of partnerships we need to foster innovation in building design and advance our sustainability targets,” commented Abdurahman Lotfy, Innovation & Development Manager, Aggregates & Construction Materials, Lafarge Canada.

“We will be working on several different approaches to making concrete lower carbon,” said Dr. Hoult. “The first is shape optimization, in other words only putting material only where we need material, which saves on not only material use, but also structure weight. If the structure is lighter, then you need even less material. The second is what is known as functionally graded concrete. We put concrete with higher strength where we need the strength, then we use lower strength concrete (which also means lower cement concrete) everywhere else. We will be working on software packages that allow for these new techniques to be used in the design, optimizing structures for performance and low environmental impact.”

The bulk of the research will be done in the Queen’s Civil Engineering labs. Moving from the Lab to practical applications, the project will be taken into the real world in Kingston. “Aecon and Lafarge will help us build it, and it’s all going to happen at the Kingston Fire and Rescue Training Centre,” Hoult said. “It’s going to be both actively used by Kingston’s Fire Services as a classroom and as a living lab so that Queen’s and St. Lawrence College students can come and learn about low-carbon buildings. We’re aiming for a net-zero building philosophy.”

About Lafarge Canada Inc.

Lafarge is Canada’s largest provider of sustainable construction materials and a member of the global group, Holcim. With 6,000 employees and 350 sites across Canada, our mission is to provide construction solutions and products that build progress for people and the planet. The cities where Canadians live, work, and raise their families along with communities’ infrastructure benefit from the sustainable portfolio provided by Lafarge, consisting of Aggregates, Asphalt and Paving, Cement, Precast Concrete, Ready-Mix Concrete, and Road Construction.

About Queen’s University

Queen’s University has a long history of scholarship, discovery, and innovation that has shaped our collective knowledge and helped address some of the world’s most pressing concerns. Home to more than 25,000 students, the university offers a comprehensive research-intensive environment with prominent strengths in engineering, physics, cancer research, data analytics, surveillance studies, art conservation, and mental health research. Welcoming and supporting students from all countries and backgrounds to a vibrant, safe, and supportive community is an important part of the Queen’s experience. Diverse perspectives and a wealth of experience enrich our campus and our community. A core part of our mission is to engage our students, staff, and faculty in international learning and research, both at home and abroad.

Contacts

Anna Salomao – anna.salomao@lafargeholcim.com

WINNIPEG, Manitoba–(BUSINESS WIRE)–TPM strategies were developed in Japan over 50 years ago with the purpose of continuous improvement of equipment effectiveness. Many operations have adopted this philosophy and now require a system to aid in managing it. That is where a CMMS can help. We’re going to go over the 8 pillars of TPM and how a CMMS can help.

Pillar 1: Autonomous Maintenance

A CCMS Identifies the required skills and can assign the right resource.

Pillar 2: Focused Improvement

A CMMS uses historical data to analyze assets and gain insight on breakdowns. Use this information to make asset modifications.

Pillar 3: Planned Maintenance

A CMMS tracks trends and accesses real-time data to increase efficiency, decrease labour costs and decrease downtime.

Pillar 4: Quality Management

A CMMS combines scheduled inspections supported by a predictive maintenance strategy. Find the problem before it’s a problem.

Pillar 5: Equipment Management

The historical data captured and stored in a CMMS allows for review of breakdowns, their causes and repairs.

Pillar 6: Education & Training

Verifications and required training can be tracked in the CMMS system and can notify the appropriate person in advance when it’s expiring or required.

Pillar 7: Administrative & Office

Bridge the gap between the office and the maintenance team by streamlining communication and knowledge sharing via a CMMS.

Pillar 8: Safety Health Environmental Conditions

A CMMS can store information such as safety checklists, safety data sheets and inspection procedures. It can also provide documentation to demonstrate the requirements have been followed.

In summary, a fully functional mobile-enabled CMMS can streamline your TPM needs. There’s never been a better time to setup enterprise asset management than right now. Maxpanda’s Enterprise Asset Management Software is an all-encompassing solution for your asset management needs. Learn more at maxpanda.com.

Maxpanda is an award-winning software for maintenance professionals empowering staff and vendors to work more efficiently. Maxpanda’s CMMS software platform is simple and affordable, and allows maintenance departments of all sizes to perform preventive maintenance tasks more efficiently through the included GoMAX mobile assistant app. For more information visit https://www.maxpanda.com.

Contacts

Media:

Steve Kyriakidis

Email: steve@maxpanda.com
Phone: 1-424-272-6675

Enabling continued development and expansion of its advanced climate tech offering for commercial real estate

MONTREAL–(BUSINESS WIRE)–#ai—BrainBox AI, a leader in autonomous building technology, today announced the close of its Series A fundraise at $30M USD to further expand its global footprint and impact across the built environment. The Series A round, led by ABB in the first close last October, concludes with a $3.5M USD investment from Export Development Canada (EDC), Canada’s export credit agency dedicated to helping Canadian companies of all sizes succeed on the world stage.

“Ensuring Canadian businesses can reach global markets is vital for their success and for Canada’s economic future. This partnership between our government and BrainBox AI will ensure they can further export their artificial intelligence cleantech solution. Through this investment, BrainBox AI will enable more commercial buildings around the world to intelligently reduce their carbon emissions footprint by up to 40%.” – The Honourable François-Philippe Champagne, Minister of Innovation, Science, and Industry.

Since BrainBox AI’s launch in 2019, its ground-breaking artificial intelligence technology for the built environment has been installed in over 100 million square feet of commercial building space, in 70 cities and over 20 countries worldwide. At the most recent United Nations Climate Change Conference (COP26) in Glasgow, the company was selected as winner of the Tech for Our Planet Challenge, for innovative climate tech solutions. BrainBox AI creates value with savings in energy costs of up to 25%, up to 40% reduction in carbon footprint and improved occupant comfort for commercial real estate owners.

Just this year, BrainBox AI has been installed in over 180 new buildings and 5 additional countries, with expansion into major cities around the world, including New York City and Milan. Most recently, BrainBox AI announced its partnership with SAIL Outdoors, a leading Canadian outdoor equipment retailer, to deploy its new AI-driven smart thermostat for multi-site retail offering across its entire nation-wide portfolio.

“Our government is committed to reaching carbon neutrality within the decade, including through the kind of partnerships like the one we are celebrating today. Not only is BrainBox AI helping commercial buildings across Canada cut emissions, but through this investment, they will be able to export this technology around the world. This will see them reach new heights while bringing game-changing clean technology to a carbon-intensive industry. A great example of the economy and the environment working hand-in-hand as Canadian businesses scale up and access new markets.” – The Honourable Mary Ng, Minister of International Trade, Export Promotion, Small Business and Economic Development.

“The world requires new solutions that will support the global energy transition and greater emissions reductions, and BrainBox AI is an excellent example of a Canadian company driving cleantech innovation in the commercial real estate sector,” said Guillermo Freire, Senior-Vice President, Mid-Market, and responsible for EDC’s cleantech practice. “We are pleased to join forces with other investors to support BrainBox AI through our Investment Matching Program, which will help the company expand in key markets in Europe, the Asia-Pacific and the Middle East.”

“With the official close of our Series A fundraise, we’re thrilled to be working with investors that share our vision of providing a meaningful solution to decrease countries’ reliance on natural gas,” said Sam Ramadori, CEO, BrainBox AI. “This raise will go towards technological development and fueling our international growth, especially in Europe, a region that is actively looking for technologies to aide in its clean energy transition. As the energy industry continues to change, we are constantly innovating in order to provide the required demand flexibility via AI-enabled grid interactive buildings.”

About BrainBox AI

Founded in 2017, BrainBox AI was created to address the dilemma currently facing the built environment, its energy consumption, and significant contribution to climate change. As innovators of the global energy transition, BrainBox AI’s game-changing HVAC technology leverages AI to make buildings smarter, greener and more efficient. Working together with our trusted global partners, BrainBox AI supports real estate clients in various sectors, including office buildings, hotels, commercial retail, grocery stores, airports and more.

Headquartered in Montreal, Canada, a global AI hub, our workforce of over 150 employees, bring with them talent from all sectors with the common thread of being in business to heal our planet.

BrainBox AI works in collaboration with research partners including the US Department of Energy’s National Renewable Energy Laboratory (NREL), the Institute for Data Valorization (IVADO) as well as educational institutions including Montreal’s Institute for Learning Algorithms (MILA) and McGill University.

Learn more about BrainBox AI.

About Export Development Canada

Export Development Canada (EDC) is a financial Crown corporation dedicated to helping Canadian businesses make an impact at home and abroad. EDC has the financial products and knowledge Canadian companies need to confidently enter new markets, reduce financial risk and grow their business as they go from local to global. Together, EDC and Canadian companies are building a more prosperous, stronger and sustainable economy for all Canadians.

For more information and to learn how we can help your company, call us at 1-800-229-0575 or visit www.edc.ca.

Contacts

BrainBox AI
Rebecca Bender

Montieth & Company

rbender@montiethco.com

EDC Media Contact
Media

Export Development Canada

1-888-222-4065

media@edc.ca

As auctioneers across the province can evade rules aimed at safeguarding consumers, Openn’s platform seeks to provide greater transparency and end-to-end protection.

IRVINE, Calif.–(BUSINESS WIRE)–Openn, a new ‘proptech’ solution, will be launching a pilot program in Canada this summer to help support the offer and acceptance process in a real estate transaction. The platform will provide real estate professionals and their clients with greater transparency and protection through modern solutions.

“Real estate is a rapidly expanding and evolving industry that requires greater transparency, equality and efficiency,” said Eric Bryant, Openn NA Director of Operations. “With that, we are seeing auction companies across Canada emerge and in provinces, such as Ontario, there continue to be regulatory loopholes in the property auction process that pose consumer risks. We believe our technology supports transparency at every stage of the real estate transaction, and Openn is looking forward to bringing that technology to Canada to help solve these consumer challenges.”

While most Canadian provinces having a registration system or legislation regulating the activities of auctioneers, Ontario and Manitoba remain the only two provinces without a regulatory framework. As a result, auctioneers can sell property without a license or experience, putting homebuyers in these provinces at risk.

Openn upholds the belief that the involvement of a licensed real estate professional in the buying and selling process is vital to a consumer’s protection during a real estate transaction. The inclusion of a real estate professional in the process eliminates the opportunity of fraudulent offers, as there are legal requirements to work within prescribed regulations. Openn’s platform ensures that consumers are protected against disingenuous activity, while still providing sellers with the choice in how they sell their properties.

“With our six-plus years in the Australian market, we have seen that the combination of regulated and licensed real estate professionals, qualifying buyers, and a digital audit trail not only mitigates risk but delivers legitimacy to the real estate transaction and builds consumer confidence,” added Bryant.

In addition to the pilot program, Openn is continuing to advocate for a regulatory framework to protect consumers using a property auction process.

About Openn North America

Openn North America Inc. is a property technology company offering a proprietary cloud-based software platform to support the offer and acceptance process in a real estate transaction with greater transparency. The Openn platform facilitates the negotiation process, featuring streamlined digital contracting and automated communication tools, which enhances a property transaction. The solution provides buyers with real-time feedback through their device on how much competition exists and where their price stands in the negotiation.

Contacts

Openn Media Relations
Hayley Suchanek

Kaiser & Partners

hayley.suchanek@kaiserpartners.com
289-681-2477

TORONTO & NEW YORK–(BUSINESS WIRE)–The Real Brokerage Inc. (“Real” or the “Company”) (NASDAQ: REAX) (TSXV: REAX), an international, technology-powered real estate brokerage, today announced that it has received final approval to list its common shares (“Common Shares”) on the Toronto Stock Exchange (the “TSX”).

“The Real Brokerage has experienced incredible achievements in a short period of time since its initial listing on the TSX Venture Exchange,” said Tamir Poleg, Chairman and Chief Executive Officer. “This uplisting is an important next step that will help increase our global visibility and offers a greater platform to expand our investor base. We are grateful to the TSX Venture Exchange for being supportive during this phase of our growth and are excited to embark on this next chapter.”

The Common Shares will commence trading on the TSX as of the market open on July 26, 2022 under the current trading symbol of “REAX”. In connection with the TSX listing, the Common Shares will be concurrently delisted from the TSX Venture Exchange.

Shareholders are not required to exchange their share certificates or take any other action in connection with the TSX listing, as there will be no change in the trading symbol or CUSIP for the Common Shares.

About Real

The Real Brokerage Inc. (NASDAQ: REAX) (TSXV: 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 5,000 agents. Additional information can be found on its website at onereal.com.

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 listing of the Common Shares on the TSX, the delisting of Common Shares from the TSX Venture Exchange and the business and strategic plans of the Company.

Forward-looking information is based on assumptions that may prove to be incorrect, including but not limited to Real’s business objectives, expected growth, results of operations, performance, business projects and opportunities and financial results. Real considers these assumptions to be reasonable in the circumstances. However, forward-looking information is subject to known and unknown risks, uncertainties and other factors that could cause actual results, performance or achievements to differ materially from those expressed or implied in the forward-looking information. These factors should be carefully considered and readers should not place undue reliance on the forward-looking statements. Although the forward-looking statements contained in this press release are based upon what management believes to be reasonable assumptions, Real cannot assure readers that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this press release, and Real assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release, and the NASDAQ has neither approved nor disapproved the contents of this press release.

Contacts

For additional information, please contact:

Jason Lee

Vice President, Capital Markets & Investor Relations

investors@therealbrokerage.com
908.280.2515

For media inquiries, please contact:

Elisabeth Warrick

Director, Communications

elisabeth@therealbrokerage.com

Auction-based property company seeks damages for injurious falsehoods and an injunction against further interference in fair competition

OTTAWA, Ontario–(BUSINESS WIRE)–PropTech innovator Unreserved (“Unreserved,” “Unreserved.com, Inc.” or “the company”) today announced that it has filed suit against several real estate organizations for interference, defamation, and general damages. Claiming $25 million in damages, the company alleges that the Ottawa Real Estate Board and its President, Penny Torontow, along with the Ontario Real Estate Association and the Canadian Real Estate Association, have colluded to sabotage Unreserved’s business, undermine its relationships, and attack its reputation with consumers.

“Unreserved will not stand by while entrenched real estate interests gang up to suppress innovation in the market,” said Unreserved founder and CEO, Ryan O’Connor. “We’ve auctioned over 250 homes in the Ottawa area since opening for business in July of 2021, and as we gain market share, traditional real estate is going, ‘Oh, god, we need to get rid of auctions now.’ They’ve defamed our good name in front of home buyers and potential business partners alike, so we’re taking a stand for fairness and consumer choice in real estate.”

Unreserved contends that Torontow and Ontario Real Estate Association CEO Tim Hudak have defamed the company with “injurious falsehoods” in statements published on YouTube and in the Ottawa Citizen, respectively.

The lawsuit further claims damages to Unreserved’s relationship with the brokerage firm through which the company posted properties on the regional Multiple Listing System (MLS) database. By demanding all Unreserved listings include phrases like “for sale by an unregulated auction” and “subject to terms and conditions”, the Ottawa Real Estate Board (which operates the MLS) is allegedly trying to “scare and prevent” home buyers interested in the company’s offerings. Unreserved hopes to reassert its right to do business without tampering from anti-competitive interests and to promote consumer choice in the Canadian real estate market.

About Unreserved

The Unreserved technology platform is paving the way for a transparent way to buy and sell homes allowing buyers to bid on homes in a real-time online auction environment, removing blind-bidding and bully offers from the equation. In addition, Unreserved is a full-service auction company, offering staging, marketing, and promotion to attract qualified buyers and interested sellers.

Contacts

For Unreserved Media & PR Inquiries, please contact:
Cameron Thomas

cameron@verbfactory.com
416-660-9801

ROSEBURG, Ore.–(BUSINESS WIRE)–Legacy Resources, Inc. has listed its first fire-resistant residential home with safe home features and wheelchair access. The home is located in the wine country of Southern Oregon and overlooks Becker Vineyards in Roseburg, Oregon. The Umpqua River offers world-class fishing and other sportsman’s activities, which is right around the corner (MLS #22008096).

To achieve a fire-resistance rating, the construction includes Fox Blocks ICF 6” forms with rebar 6” on center throughout the envelope of the building, as well as a dual roof system that includes a primary concrete roof that allows for interior high ceilings at 10 feet, as ceilings of 9 feet or greater are known to prevent claustrophobia in the event of prolonged seclusion. The secondary pitched roof provides another layer of insulation for temperature control. The home was engineered, via lock and key, into the side of the hill. There is a whole-house air exchange system with heat recapture and filtration. Radiant floor heating and the 2021 EPA rated wood stove provide comfortable and efficient heat within the home. There is whole-house surge and EMP protection, which is supplemented with a whole-house generator panel. The property sits on top of a hill; there are multiple nearby water sources, plenty of animal wildlife and an opportunity for a comfortable level of economic and food security.

Don’t miss this opportunity to secure the home for your family’s future. A special thanks goes to G & P Contracting for the beautiful roof and Dave Hu Construction for the gorgeous tile work!

Contacts

Patrick Gartner

Phone: 888-380-6269

Email: Patrick.Gartner@LegacyResourcesUSA.com

TORONTO–(BUSINESS WIRE)–#valueforgenerations–Choice Properties Real Estate Investment Trust (“Choice Properties” or the “Trust”) (TSX: CHP.UN) announced today that the Science Based Target initiative (SBTi) has validated the Trust’s greenhouse gas (GHG) emissions reduction targets, making Choice Properties one of the first entities in Canada to have net-zero targets approved by the SBTi. The Trust’s targets are consistent with the primary goal of the Paris Agreement – to limit the rise in global temperature this century to 1.5 degrees Celsius.

In line with the stringent, science-based requirements of the SBTi’s Corporate Net Zero Standard, Choice Properties has adopted targets that apply to its entire portfolio of income-producing and development properties. Choice Properties has committed to reaching net-zero GHG emissions across its value chain by 2050 from a 2019 base year. This includes a 50% reduction in absolute scope 1 and 2 emissions, and a 30% reduction in scope 3 emissions from purchased goods and services, capital goods and downstream leased assets by 2030 from a 2019 base year. The Trust has also committed to reduce absolute scope 1 and 2 emissions 90% by 2050 from a 2019 base year and to reduce absolute scope 3 emissions 90% within the same timeframe.

“Fighting climate change is fundamental to our purpose of creating enduring value for all stakeholders and we are proud to deepen our environmental commitment with these targets,” said Rael Diamond, President and Chief Executive Officer. Mr. Diamond added, “By becoming one of the first net-zero approved entities in Canada validated by the SBTi’s rigorous process, we are leading by example in our industry and helping to prevent the effects of global warming in our communities.”

The Trust’s science-based targets build on the progress Choice Properties has made since issuing its first emissions reduction targets in 2019. In 2021, the Trust surpassed achievement of this target by reducing same-asset scope 1, 2, and limited scope 3 emissions by 24% from 2018.

Details on the Trust’s Environmental, Social and Governance (ESG) program and performance can be found in its 2021 Environmental, Social and Governance Report which aligns with leading disclosure standards including the Sustainability Accounting Standards Board (SASB) and Task Force on Climate-Related Financial Disclosures (TCFD). The 2021 ESG Report is available on the Trust’s website at choicereit.ca/sustainability.

About Choice Properties Real Estate Investment Trust

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

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

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

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 achievement of the Trust’s emissions reduction targets. 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, Choice Properties’ ability to meet its greenhouse gas reductions targets, and the factors discussed in Choice Properties’ current Annual Information Form and 2022 First Quarter Report to Unitholders. 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

Mario Barrafato

Chief Financial Officer

Choice Properties REIT

(416) 628-7872

Mario.Barrafato@choicereit.ca

TORONTO–(BUSINESS WIRE)–DREAM INDUSTRIAL REIT (TSX: DIR.UN) (the “Trust”) announced today its July 2022 monthly distribution in the amount of 5.833 cents per Unit (70 cents annualized). The July distribution will be payable on August 15, 2022 to unitholders of record as at July 29, 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