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Strategic Storage Trust VI, Inc. Acquires Storage Facility in the Jacksonville MSA

July 12, 2022 By Business Wire

LADERA RANCH, Calif.–(BUSINESS WIRE)–Strategic Storage Trust VI, Inc. (“SST VI”), a publicly registered real estate investment trust sponsored by an affiliate of SmartStop Self Storage REIT, Inc. (“SmartStop”), announced today the acquisition of an approximately 490-unit self storage facility in St. Johns, Florida. This is the 14th acquisition in SST VI and its first acquisition in the Greater Jacksonville Market. Since SST VI launched as a private REIT in the first quarter of 2021, the REIT has purchased approximately $205 million of self storage facilities and properties to be developed into self storage.

Located at 10030 Ew Pappy Road, the facility includes two, two-story buildings and a detached two-story leasing office. It features approximately 60,000 square feet of rental space with a mix of interior climate-controlled units, exterior drive-up units and outdoor RV parking. The property is easily accessible from Highway 210 and is situated less than two miles from the new master-planned communities of Beacon Lake and Beachwalk.

“This acquisition represents an excellent opportunity for SST VI to enter a high-growth, high-income pocket of the Jacksonville MSA and further expand SST VI’s portfolio presence in Florida,” said Wayne Johnson, Chief Investment Officer of SST VI. “We are excited to have this opportunity to serve the residents of St. Johns.”

About Strategic Storage Trust VI, Inc. (SST VI)

SST VI is a Maryland corporation that intends to qualify as a REIT for federal income tax purposes. SST VI’s primary investment strategy is to invest in income-producing and growth self storage facilities and related self storage real estate investments in the United States and Canada. As of July 11, 2022, SST VI has a portfolio of 12 operating properties in the United States comprising approximately 8,000 units and 845,000 rentable square feet, and joint venture interests in two development properties in Toronto, Ontario.

About SmartStop Self Storage REIT, Inc. (SmartStop)

SmartStop is a self-managed REIT with a fully integrated operations team of approximately 450 self storage professionals focused on growing the SmartStop® Self Storage brand. SmartStop, through its indirect subsidiary SmartStop REIT Advisors, LLC, also sponsors other self storage programs. As of July 11, 2022, SmartStop has an owned and managed portfolio of 172 properties in 22 states and Ontario, Canada, comprising approximately 117,500 units and 13.4 million rentable square feet. SmartStop and its affiliates own or manage 19 operating self storage properties in the Greater Toronto Area, which total approximately 16,200 units and 1.7 million rentable square feet. Additional information regarding SmartStop is available at www.smartstopselfstorage.com.

Contacts

David Corak
VP of Corporate Finance

SmartStop Self Storage REIT, Inc.

949-429-3331

IR@smartstop.com

Award-winning Phantom Screens Celebrates Their 30th Anniversary With Charitable Donation

July 11, 2022 By Business Wire

ABBOTSFORD, British Columbia–(BUSINESS WIRE)–Phantom Screens, an award-winning manufacturer of high-quality retractable screens, is marking a milestone; three decades of making life better for homeowners across North America. Phantom’s retractable screens allow customers to truly enjoy all the comforts of home. Offering insect protection to solar shading to temperature control or enhanced privacy, Phantom Screens can do it all.

To celebrate, Phantom Screens has partnered with Habitat for Humanity Greater Vancouver and will be donating $75,000, which will be used towards building affordable housing at a new 39-townhome community in Coquitlam, BC.

“We are thrilled to renew this important partnership with Habitat for Humanity for the second time,” says Phantom Screens’ CEO C. Esther De Wolde. “Through this program, we are able to support Habitat’s mission through a combination of Goods In Kind (door screens on the townhomes) and cash. It’s pretty exciting to know we can help these families enjoy their homes even more, by delivering fresh air by creating a cross-breeze that negates the need for installing expensive A/C.”

A leader in the industry, Phantom Screens acknowledges that the company’s longevity and growth couldn’t have been achieved without the strong relationships we have built over the years. We want to thank our employees and Network Partners, including our distributors and installers, our vendors, and our valued customers who have stood by us. Although times have been tough over the past two years for many, we are incredibly grateful — without each of you we wouldn’t be where we are today.

Giving back is something the organization feels very passional about. To speak the truth, to serve each other, to pursue excellence, to practice stewardship — those are the things that are important to us. Phantom Screens has succeeded over the last 30 years by following a simple philosophy: making life better. Simply put, the Phantom Experience is based on putting people’s well-being first; that means treating everyone who we come in contact with, with respect. It’s a formula that’s worked well for us, because frankly we love what we make, we love who we serve, and we love to make life better – one screen at time.

Product Innovation: Drawing from decades of experience, Phantom Screens has designed its products to be a sustainable and environmentally friendly solution that are simple yet functional. Whether its our retractable screens for doors or windows, or our motorized retractable screens for patios, Phantom Screens keeps those pesky bugs, pests, harsh UV rays and debris out so you can enjoy your home, whether you’re indoors or outdoors!

Best of all, they feature user-friendly aesthetic that seamlessly disappears when no longer needed into the frames of windows, doors, and even outdoor living spaces with recessed pilar and frame options as well as a mounted options. Building on its legacy of personalized products and service, Phantom Screens continues to give architects, builders, and homeowners the flexibility to customize each window, door and opening with innovative retractable screens to achieve their project’s vision.

About Phantom Screens: In 1992, a unique brand of retracting screens was introduced to the North American marketing by Dutch immigrant, Syb Rypma. He soon formed a partnership with Abbotsford’s Rooke family in Abbotsford, BC and together they rented space in a garage. Phantom Screens was born.

Today, the award-winning company is recognized across North America, and internationally, for making homes better with market-leading retractable screen solutions for doors, windows, multi-panel systems and outdoor spaces. For 30 years, the company has placed a high value on its employees as part of a long-standing commitment to product excellence and customer satisfaction. For more information, visit http://www.phantomscreens.com.

Contacts

For media information:
Stephanie Kaes

Phantom Screens B2C Marketing Manager

604-855-3654

Social Diversity for Children Foundation Launches Ticket Sales for 2022 Brivia Once Upon a Shine Gala

July 11, 2022 By Business Wire

In partnership with BakerWest Real Estate and Vancouver Career College, the event aims to raise funds to support programming and the future goals of the Social Diversity for Children Foundation

VANCOUVER, British Columbia–(BUSINESS WIRE)–The Social Diversity for Children Foundation is excited to welcome the 2022 Brivia Once Upon A Shine Gala presented by BakerWest Real Estate and Vancouver Career College. The Gala will return to the elegant Westin Bayshore in Vancouver on September 3rd. Tickets are available now at SDCfund.org.

The 2022 Brivia Once Upon A Shine Gala will be an uplifting evening filled with incredible talent and heart-warming stories of empowerment from children of all abilities and will help bring them closer to their end goal of opening a centre where they can accommodate their growing programming and host future galas.

“The Once Upon a Shine Gala is a night to celebrate the kids that benefit from the foundation’s programming. Children from our programs will get a chance to perform in front of hundreds of guests and attendees, and we are excited to be able to showcase what they have been working towards over the past year. It’s events like this that help us to empower our participants throughout the year,” said SDC Founder David James Wang.

In addition to performances, stories and speeches, attendees will find a unique selection of auction items. Every ticket and winning bid will directly support the efforts of the foundation.

“We value the people and care about the community that we are part of, and we are extremely grateful to contribute to providing quality social learning programs for youth in our community as we expand our presence in Western Canada,” said Kheng Ly, Gala Honourary Chair, President and CEO at Brivia Group, title sponsor for the gala.

In the last two years, The Social Diversity for Children Foundation has reached a record-breaking number of participants. This year, they are projecting a 30% increase in programming, with VR and Drama being their fastest-growing programs.

“It was incredible to see how successful the gala turned out last year, and we are thrilled to see even more participants make an appearance this year, with support doubling every year we’ve been involved. It’s been our pleasure to be working with the foundation for the past three years, and we look forward to continuing working with the team, and continue this momentum in our goal to empower youth to empower children with disabilities,” added presenting sponsor and Gala Co-Chair Jacky Chan, CEO of BakerWest Real Estate.

The foundation holds a mission to support youth to empower other children with disabilities by offering various programs to come together, socialize, make friends, and learn from each other. The foundation works to equip youth leaders with the skills and resources to educate their communities about the importance of diversity and discussion. It aims to provide quality social learning programs from all socioeconomic backgrounds in the community.

“The programs the foundation offers are an excellent way to bring together youths of all socioeconomic backgrounds. As education leaders, we are thrilled to help educate and equip our future youth leaders who will make a difference in our community,” noted Laura Guzman, Director of Community Relations at Vancouver Career College, presenting sponsor.

The Social Diversity for Children Foundation currently offers five types of programs including music, art, virtual reality, math, and drama. Overall, leading 88 programs, involving 1,350 direct participants and over 5,000 indirect beneficiaries. Riding the success and momentum of last year’s gala, this year’s program organizers are anticipating higher participation and programming needs for the Fall and Winter 2022 semesters.

About Social Diversity for Children Foundation

Social Diversity for Children Foundation is a registered Canadian charity with a mission to empower youth to empower children with disabilities. The foundation is primarily run by youth leaders in the Greater Vancouver area, backed by Board Directors from across the world.

https://www.socialdiversity.org/

Contacts

Media
Amanda Breen

Talk Shop Media

(604) 307-0578

amanda.breen@talkshopmedia.com

Slate Grocery REIT to Release Second Quarter 2022 Results

July 8, 2022 By Business Wire

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 it will be releasing its second quarter 2022 results before market hours on Wednesday, August 3, 2022. Senior management will host a live conference call at 9:00 am ET on Wednesday, August 3, 2022 to discuss the results and ongoing business initiatives of the REIT.

Conference Call Details

The conference call can be accessed by dialing (416) 764-8658 or 1 (888) 886-7786. Additionally, the conference call will be available via simultaneous audio found at https://app.webinar.net/Ra605X92BEg. A replay will be accessible until August 17, 2022 via the REIT’s website or by dialing (416) 764-8692 or 1 (877) 674-7070 (access code 494245#) approximately two hours after the live event.

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-FR

Contacts

For Further Information
Investor Relations

+1 416 644 4264

ir@slateam.com

Slate Office REIT to Release Second Quarter 2022 Results

July 8, 2022 By Business Wire

TORONTO–(BUSINESS WIRE)–Slate Office REIT (TSX: SOT.UN) (the “REIT”), an owner and operator of high-quality workplace real estate, announced today that it will be releasing its second quarter 2022 results before market hours on Thursday, August 4, 2022. Senior management will host a live conference call at 9:00 a.m. ET on Thursday, August 4, 2022 to discuss the results and ongoing business initiatives of the REIT.

Conference Call Details

The conference call can be accessed by dialing (416) 764-8658 or 1 (888) 886-7786. Additionally, the conference call will be available via simultaneous audio found at https://app.webinar.net/oBwrbqwMl7G. A replay will be accessible until August 18, 2022 via the REIT’s website or by dialing (416) 764-8692 or 1 (877) 674-7070 (access code 350981#) approximately two hours after the live event.

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. A 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-FR

Contacts

For Further Information
Investor Relations

+1 416 644 4264

ir@slateam.com

Primaris REIT Announces Distribution for July 2022

July 8, 2022 By Business Wire

TORONTO–(BUSINESS WIRE)–Primaris Real Estate Investment Trust (“Primaris REIT”) (TSX: PMZ.UN) announced today that its Board of Trustees has declared a distribution of $0.0667 per unit for the month of July, 2022, representing $0.80 per unit on an annualized basis. The distribution will be payable on August 15, 2022 to unitholders of record on July 29, 2022.

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

TSX: PMZ.UN

www.primarisreit.com

Chamberlain Group Joins The Real Brokerage

July 8, 2022 By Business Wire

Calgary-Based Real Estate Team to be Led by Co-Founder Jared Chamberlain

TORONTO & NEW YORK–(BUSINESS WIRE)–$REAX #therealbrokerage–The Real Brokerage Inc. (“Real” or the “Company”) (NASDAQ: REAX) (TSXV: REAX), an international, technology-powered real estate brokerage, today announced that the Chamberlain Group, based in Calgary, Alberta, is joining its growing network of agents.

The Chamberlain Group was founded by Jared and Rebecca Chamberlain in 2009. In 2018, the couple started an independent, boutique real estate brokerage, a move which helped shape their strategy for helping agents to grow their businesses. In 2021, the group closed $182 million in volume, and has already surpassed that number by closing $185 million in 2022 YTD.

“Running an independent brokerage took a lot of administrative energy on the backend, and it kept us from focusing on the areas of the business where we could deliver the most value,” said Jared Chamberlain. “By joining Real, we can reclaim that time and energy, shift our focus, and be more intentional about the ways in which we support our agents’ growth. Real’s integrated technology makes it easy for us to concentrate on agent success.”

The Chamberlain Group also prides itself on lead generation through search engine optimization and social media marketing. The team, made up of 17 agents, looks forward to working in collaboration with Real’s existing agent population, some of whom are known in the industry for their marketing savvy.

“We are excited to count The Chamberlain Group as one of our newest Canadian teams,” said Real Chairman and Chief Executive Officer Tamir Poleg. “Alberta continues to be a growing market for us, and we look forward to welcoming a group that’s committed to the success of its agents. We are confident that Jared and his team will serve the buyers and sellers in the province with excellence.”

Learn more about Chamberlain Group by visiting their website, https://www.chamberlaingroup.ca.

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 Pozek Group joining Real, 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.

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:

The Real Brokerage Inc.

Elisabeth Warrick

elisabeth@therealbrokerage.com

Investors, for more information, please contact:

Jason Lee

Vice President, Capital Markets & Investor Relations

investors@therealbrokerage.com
908-280-2515

NAV CENTRE Becomes the DEV “Hotel and Conference Centre”

July 7, 2022 By Business Wire

CORNWALL, Ontario–(BUSINESS WIRE)–Devcore, one of the National Capital’s leading real estate developers is expanding its portfolio with the acquisition of the NAV CENTRE, a 630,000 square foot multi-purpose hotel, training and conference facility sitting on 75 acres overlooking the St. Lawrence River in Cornwall, Ontario. The facility will be rebranded as the DEV “Hotel and Conference Centre”.

“The DEV is Eastern Ontario’s largest multi-purpose conference centre offering exceptional amenities and accommodations in an enviable central location,” said Jean-Pierre Poulin, President of Devcore. “We are committed to working with local partners such as the City of Cornwall and surrounding counties along with collaborating closely with Akwesasne and First Nations to ensure that the Centre operates as a key stakeholder and to attract opportunities to Cornwall which benefit all.”

NAV CANADA will continue operations on the site as a tenant, as will the Canadian Forces School of Aerospace Control Operations (CFSACO).

“We are excited and happy about the future for Cornwall,” said Mr. Poulin. “We have been active investors since 2020 and saw tremendous growth opportunities here. The DEV project will allow us to develop an innovative and sustainable world class mixed use community, while leveraging 1VALET’s Smart Building Platform to connect all residents to a central suite of amenities.”

The conference centre will be managed by Atlific Hotels, one of Canada’s largest privately held management companies, with over 40 hotels from coast to coast. Atlific will manage and oversee all aspects of day-to-day operations, including conference and event facilities and restaurant operations; and collaborate to deliver top-tier performance.

“For well over a decade, the facility has evolved to attract new and diverse business segments to Cornwall from across Canada and the globe including being a preferred location for corporate conferences, sporting and special meetings and events, government training programs and well known to support business continuity during crisis and evacuations for people in need,” said Kim Coe-Turner, Vice-President of Business Development and Government Relations with the Devcore Group.

About Devcore Group

B
ased in Gatineau Quebec, Devcore Group is a leader in the Capital region and a real-estate organization leading the way in land development, construction and property management. Devcore also owns and manages 500 million in assets in eastern Canada with close to 3,000 units East of Ottawa. Devcore has been an active investor in Cornwall since of 2020.

About Atlific Hotels

Atlific Hotels is one of the leading hotel management companies in Canada operating over 40 hotels with offices in Montreal, Toronto, Calgary and Vancouver. Atlific Hotels has over 60 years of experience managing well-known Canadian hotels, resorts, and extended stay properties.

The company has built a reputation for offering comprehensive accounting reporting, information technology solutions and support, strategic revenue-generating sales and marketing plans, and award-winning revenue management programs. Atlific Hotels’ parent company, Ocean Properties Ltd., owns and operates over 100 hotels throughout the United States. Together they make up the fifth largest privately-owned hotel management company in North America, operating independent hotels and resorts as well as internationally recognized hotel brands such as Marriott, IHG and Hilton. For more information, please visit www.atlifichotels.com.

About 1VALET

1VALET is a smart building operating system that provides multi-family developers and asset managers with the tools to make their buildings more efficient and profitable.

By centralizing building systems into one web-based platform and empowering tenants with a Resident App, 1VALET helps streamline operations, increase NOI, and create safer, smarter communities.

About the DEV “Hotel and Conference Centre”

See: www.devhotelandconferencecentre.com

Contacts

Kim Coe-Turner

VP Business Development & Government Relations

Devcore Group

kcoeturner@devcore.ca

Romspen U.S. Mortgage Fund Available in Canadian Dollars and Eligible for Registered Plans

July 6, 2022 By Business Wire

TORONTO–(BUSINESS WIRE)–Romspen Investment Corporation, a leading non-bank provider of commercial mortgage solutions in Canada and the United States, today announced it is launching a new Canadian-dollar feeder fund for its U.S. master mortgage fund. The Romspen US Mortgage Investment Trust will provide qualified Canadian investors with access to the master fund’s portfolio of U.S. commercial mortgages. The new fund is also designed to be a qualified investment for registered plans.

“Our decision to introduce what is essentially a Canadian-dollar version of our existing U.S.-dollar feeder fund is driven by increasing demand from Canadian investors seeking the stable net returns offered by our U.S. master fund,” says Derek Jenkin, a Romspen managing partner.

Romspen’s master U.S. fund holds a diversified commercial mortgage portfolio and has a five-year history of producing steady returns for income-seeking investors. For an overview of Romspen’s U.S.-dollar feeder fund, click here.

“2022 has been defined by economic uncertainty, with more and more investors seeking ‘safe harbours’ of the kind that Romspen has historically provided to help weather these difficult times,” says Jenkin. “Romspen’s funds don’t rely on leverage to boost returns. All our mortgage loans are carefully underwritten to ensure a margin of safety, and are well diversified across regions, sub-markets and property types.”

Romspen’s mandate is to provide consistent returns while protecting investor capital. Over the past 10 years, its flagship Romspen Mortgage Investment Fund has delivered an average annualized net yield to investors of 7.6%.

Features of the new Romspen US Mortgage Investment Trust:

  • Feeder fund of the master U.S. fund, which is primarily invested in short- and medium-term (typically 6 months to 2 years) first mortgage loans in the United States across various property types, including industrial, residential development, condominiums, hospitality, office and retail
  • The U.S. master fund has delivered annualized net returns of 8%-10%, since its inception in August 2017 through June 2022
  • Available to qualified Canadian investors
  • Denominated in Canadian dollars
  • Structured to qualify for most registered plans, including RRSPs and TFSAs
  • Hedged to protect against CAD/USD fluctuations
  • Intended to generate monthly cash distributions for investors, with a distribution reinvestment option.

The new fund will be available through select investment advisors or by contacting Romspen at 416-966-1100 or InvestorRelations@romspen.com.

About Romspen Investment Corporation: Romspen is one of Canada’s largest private mortgage investment firms with almost $3 billion in assets under management across North America. Over its 57 years, Romspen has invested more than $10 billion in over 700 mortgage loans while consistently creating and delivering value for both investors and borrowers. Investors in Romspen’s funds include high net worth individuals, foundations, endowments, pension plans and other institutions.

This press release is for informational purposes only. It is not investment or financial product advice and is not intended to be used as the basis for making an investment decision. This press release is not, and does not constitute, an offer to sell, or the solicitation, invitation, or recommendation to purchase, any securities in any jurisdiction. An offering of units of the fund described herein will be made only pursuant to its Offering Memorandum and only to investors who qualify under certain exemptions from the prospectus requirements under applicable securities laws. Copies of the offering memorandum will be available from Romspen, which should be reviewed carefully prior to making a decision to purchase. Past performance does not guarantee future results.

This press release contains forward-looking statements or information under applicable securities laws. Since forward-looking statements and information address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of risks. The forward-looking statements and information contained in this press release are as at the date of its publication and Romspen does not undertake any obligation to update publicly or to revise any of the included forward-looking statements or information, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws.

Contacts

Romspen

416-966-1100

InvestorRelations@romspen.com

Algoma Central Corporation Announces Sale of Station Mall in Sault Ste. Marie

July 6, 2022 By Business Wire

ST. CATHARINES, Ontario–(BUSINESS WIRE)–$ALC–Algoma Central Corporation (TSX: ALC) announced today that it has sold Station Mall, a large regional shopping complex located in Sault Ste. Marie, Ontario. The transaction closed on June 30, 2022.

Station Mall, a 555,000 square foot enclosed shopping centre located steps away from the St. Mary’s River, was the last of the Company’s real estate holdings in Sault Ste. Marie. The Company’s intention to divest of its commercial real estate portfolio was initially announced in 2015. Since then, the Company has sold 15 properties in Sault Ste. Marie, Waterloo, and St. Catharines Ontario since 2015, directing proceeds from the sales to the renewal of the domestic dry-bulk fleet, expansion of its ocean self-unloader fleet, and to new investments in international shipping.

About Algoma Central Corporation

Algoma owns and operates the largest fleet of dry and liquid bulk carriers operating on the Great Lakes – St. Lawrence Waterway, including self-unloading dry-bulk carriers, gearless dry-bulk carriers and product tankers. Since 2010, we have introduced 10 new build vessels to our domestic dry-bulk fleet, with one under construction and expected to arrive in 2024, making us the youngest, most efficient and environmentally sustainable fleet on the Great Lakes. Each new vessel reduces carbon emissions on average by 40% versus the ship replaced. Algoma also owns ocean self-unloading dry-bulk vessels operating in international markets and a 50% interest in NovaAlgoma, which owns and operates a diversified portfolio of dry-bulk fleets serving customers internationally. Algoma truly is Your Marine Carrier of Choice™. For more information about Algoma, visit the Company’s website at www.algonet.com

Contacts

Peter Winkley, CPA, CA
Chief Financial Officer

Algoma Central Corporation

905-687-7897

Christopher Lazarz, CPA, CA
Vice-President, Corporate Finance

Algoma Central Corporation

905-687-7940

CareTrust REIT Participates in Senior Secured Real Estate Financing and Provides Mezzanine Loan

July 6, 2022 By Business Wire

SAN CLEMENTE, Calif.–(BUSINESS WIRE)–CareTrust REIT, Inc. (NYSE:CTRE) announced today that it has extended a $75 million “C” piece financing as part of a larger multi-tranche senior secured term loan and has extended a $25 million mezzanine loan to a private equity skilled nursing real estate owner in connection with the acquisition of an 18-property portfolio in the Mid-Atlantic. The portfolio includes approximately 2,000 skilled nursing beds.

The “C” tranche of the senior secured term loan carries a five-year maturity and an annual interest rate of approximately 8.4%. The mezzanine loan bears interest at 11% and has a ten-year term.

Dave Sedgwick, CareTrust Chief Executive Officer, described the deal as “executing on our operator-first, relationship-based investing” approach. He said, “We were honored that the buyer looked to us to help them acquire a premier portfolio and put it in the hands of one of the top operators in the country.” In speaking further about CareTrust’s lending strategy, Mr. Sedgwick explained, “For us, lending is an important tool we use primarily to strengthen relationships with top operators with an eye towards future equity investments.”

The loan was funded with proceeds from CareTrust’s $600 million unsecured revolving credit facility.

CareTrust REIT, Inc. is a self-administered, publicly-traded real estate investment trust engaged in the ownership, acquisition, development and leasing of skilled nursing, seniors housing and other healthcare-related properties. With a nationwide portfolio of long-term net-leased properties, and a growing portfolio of quality operators leasing them, CareTrust REIT is pursuing both external and organic growth opportunities across the United States. More information about CareTrust REIT is available at www.caretrustreit.com.

Contacts

CareTrust REIT, Inc.

(949) 542-3130

ir@caretrustreit.com

Real Brokerage Launches New, Consumer-Facing Website

July 1, 2022 By Business Wire

OneReal.com Delivers Search Functionality for Home Buyers and Sellers

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 the launch of its new website, OneReal.com, an interactive real estate listings portal aimed at consumers.

The site features in-depth search functionality that allows users to find properties to buy, sell or rent based on the following criteria: location, price, home type, number of bedrooms, number of bathrooms and amenities. The site also enables users to search for agents by name or location.

“This is an exciting move for Real as we move toward speaking directly to consumers,” said Real Chairman and CEO Tamir Poleg. “We have long been the best brokerage for agents—offering industry-leading splits, a fully integrated platform and a collaborative culture—but OneReal.com is our initial step in bringing Real to the consumer-facing real estate space.”

By capturing the information of consumers looking for a partner in the real estate journey, OneReal.com provides an added lead generation resource for its agents looking to grow their businesses. The company’s existing website, JoinReal.com, has been revamped to speak directly to agent attraction and provides significant information about Real as a brokerage and how agents can benefit.

The investor section of the site, investors.onereal.com, has also migrated to OneReal.com. This section provides key information and reports that investors and potential investors will be interested in.

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 Twenty Four Seven Realty joining Real, 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.

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:

The Real Brokerage Inc.

Elisabeth Warrick

elisabeth@therealbrokerage.com

Investors, for more information, please contact:

Jason Lee

Vice President, Capital Markets & Investor Relations

investors@therealbrokerage.com
908-280-2515

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