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

REIT REPORT

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

  • Home
  • Headlines
  • Daily Digest Email
  • Canadian REITs

Novagard Introduces UV-Cured Silicone Gel as Newest Innovation for Off-Road Vehicle, Automotive, Aerospace and Industrial Markets

June 22, 2022 By Business Wire

Additional Innovations on the Horizon

CLEVELAND–(BUSINESS WIRE)–Novagard, a woman-owned silicone manufacturer, has introduced yet another innovative extension of the company’s UV-cure gel product line. Their 800-755 UV-cure gel with a durometer (Shore 000) of only 20, is incredibly soft, flexible, and cures tack-free in seconds.

The easy-to-apply, self-healing gel is applicable for those industries needing resilient protection for sensitive module applications, including:

  • Off-road Vehicles
  • Automobiles
  • Aerospace
  • Industrial
  • Telecom
  • Military

“The self-leveling and self-healing gel is a strong tool for several electronic applications,” said Gregory Peck, Novagard sales manager for electronics, EV, and silicone solutions. “Protecting sensitive electronic components is increasingly important as the applications expand into harsh environments. An example might be an electrical splice connector box where the wires can be inserted into the gel. The gel would then coalesce around the wires, completely protecting them from moisture. Another benefit of the 800-755 gel is that you could return a year later to remove the wires, make any adjustments, and reinsert them without incident.”

Silicone-based compounds provide excellent insulation properties, vibration damping, and barrier protection against weather and severe environmental conditions, ideal for off-road vehicles, telecom, military, or aerospace functions. The gel will remain soft and pliable and perform like all other Novagard UV-cure silicones in extreme temperatures from -40 Celsius to 200 Celsius.

The new silicone gel, one of Novagard’s 27 UV-cure products, is applied into wiring modules or clamshells (for example) at the manufacturing site, passed under a UV light to cure it, and then shipped to the end user. A UV-cure system improves throughput in the manufacturing process, eliminating extra steps. This gel is also ideal for any application involving mechanical or thermal shock vibration or applications requiring low stress on delicate components. NOVAGARD® UV-cure silicone encapsulating compounds maintain all the enhanced performance characteristics of conventional silicone-based materials with processing speeds unmatched by other technologies.

This new Novagard gel is one of many Novagard innovative products to be introduced for several markets in the coming weeks.

As a Gold Sponsor of Silicone Expo, Novagard is in Detroit at the Expo June 21—23 showcasing its new product with live demonstrations at booth #421.

About Novagard

Novagard, a Certified Women’s Business Enterprise headquartered in Cleveland, Ohio is an innovator and manufacturer of silicone sealants, coatings, lubricants, and foams for the electronics, transportation/automotive, manufacturing, construction, medical, and military markets. ISO certified 9001: 2015 (QMS with Design) and IATF 16949:2016 (QMS with Design), their products meet the highest standards. For more information, visit novagard.com.

Contacts

Vince McMorrow, vince.mcmorrow@fahlgren.com

EarthCam Selects Sierra Wireless AirLink® XR80 5G for World’s First Multi-Network 5G Camera System

June 22, 2022 By Business Wire

Sierra Wireless AirLink® XR80 5G router integrated into new EarthCam solution enabling advanced live-streaming, safety and security analytic applications

VANCOUVER, British Columbia–(BUSINESS WIRE)–Sierra Wireless (NASDAQ: SWIR) (TSX: SW), a world leading IoT solutions provider, today announced that EarthCam, a leading provider of webcam content, technology and services, has selected Sierra Wireless’ AirLink® XR80 5G router for their world-first multi-network 5G camera system, the StreamCam 5G.


World’s First Multi-Network 5G Camera System

Sierra Wireless’ AirLink® XR80 5G provides EarthCam’s StreamCam 5G with the fast, ultra-low latency and reliable 5G connectivity needed to send an almost unlimited amount of visual data from high resolution live-streaming cameras, easily allowing users to keep up to date on the progress of a project, or share their location with vastly improved file transfer times. Large amounts of data from environmental, safety and security sensors can be quickly accessed, and the camera also features AI capabilities. First announced in October of 2020, EarthCam’s 5G multi-network camera system offers 4K streaming, 12-megapixel photography and built-in time-lapse capabilities.

“Sierra Wireless is an excellent partner, supporting EarthCam as we pioneer next-generation live-streaming cameras,” said Brian Cury, CEO and Founder of EarthCam. “5G is the future of webcam technology and it is becoming indispensable as clients require increasingly high quality video data, accessible from anywhere. Our collaboration with Sierra Wireless delivers efficient and powerful new solutions for entertainment, construction safety and AI analytics. With 5G and Sierra Wireless’ AirLink® XR80 router, we’re able to drastically cut file-transfer times for a full day of recordings from two hours to five minutes.”

Sierra Wireless’ AirLink® routers including the XR80 5G and the RV55 LTE-A Pro, are essential for EarthCam’s all-weather cameras for multi-year project documentation, such as time-lapse videos of the NFL’s largest stadium, Los Angeles SoFi, Denver International Airport and the rebuilding of the World Trade Center Site in Manhattan. “EarthCam systems are renowned for reliable operation for many years in the field, plus easy configuration, deployment and management,” continued Mr. Cury. “Sierra Wireless’ industrial grade, reliable wireless devices are an important component of these industry-leading solutions.”

“The Sierra Wireless AirLink® XR80 5G router is purpose-built to maximize connectivity, reliability, and security for both mission-critical and business-critical applications,” said Tom Mueller, Vice President, Product Management, Sierra Wireless. “It delivers consistent primary and backup connectivity for both public and private networks ensuring that connectivity is “always-on”, making it ideal for EarthCam’s 5G implementation. Its seamless global connectivity enables users to easily monitor jobsites remotely in real-time and is an integral part of the EarthCam solution. The router provides the secure and reliable network connection to stream live video from EarthCam’s cameras to the cloud, enabling new applications and increased capabilities.”

Sierra Wireless AirLink® XR80 5G High-Performance Multi-Network Router

Purpose built for mission-critical environments and high performance business-critical 5G applications, the XR Series routers, which includes the AirLink® XR80 5G, improve the performance and reliability of video streaming, video offload, voice communications and other data-intensive and time-sensitive use cases by ensuring that the router connects to the best-performing network, at the right time. This is achieved through AirLink OS, which features Cognitive Wireless, Sierra Wireless’ patented technology that automatically delivers sub-second switching to the best available network.

The AirLink® XR Series was designed for operational simplicity, from initial set up and configuration, with zero-touch out of the box provisioning, to ongoing management. Part of the 5G solution portfolio that includes management software and reporting systems, 24×7 support, routers, antennas, and accessories, the XR80 5G is managed by the AirLink Management System (ALMS), a cloud-based management platform which includes remote device management and mobility-focused reporting through AirLink Complete. Additionally, an embedded LPWA cellular radio, connected through Sierra Wireless Global Connectivity, provides an always-on out-of-band management link to ALMS. This unique capability provides zero touch provisioning and a link of last resort from the router to its management platform, to ensure the ongoing operational success of these 5G deployments.

How 5G is Supercharging Visual Data for Monitoring, Documentation and Promotion

The combination of low latency and high data throughput provided by 5G has increased the capabilities of project documentation and public outreach, enabling large networks of cameras to stream ultra-high definition video in real-time, and provide vast amounts of bandwidth making 4G wireless congestion a concern of the past. This and its ability to enable advanced analytical capabilities will have a major impact on virtual tourism, smart cities, transportation networks, and commercial environments, offering improved safety, security and documentation.

Availability

EarthCam offers 5G as an option throughout their entire product line. Both the AirLink® XR80 5G and RV55 LTE-A Pro routers are available to order from Sierra Wireless’ global network of partners.

Resources

  • eBook: How 5G is Supercharging Video Surveillance
  • White Paper: Transforming Visual Data in a 5G-Enabled IoT World
  • eBook: AirLink® XR – The World’s Most Advanced 5G Router Solution
  • Blog: New AirLink OS Advances Multi-Network 5G Router Connectivity

For more information, visit: https://www.sierrawireless.com/products-and-solutions/routers-gateways/xr80/; https://www.sierrawireless.com/products-and-solutions/routers-gateways/rv55/

To contact the Sierra Wireless Sales Desk, call +1 877-687-7795 or visit http://www.sierrawireless.com/sales.

Note to editors:

To view and download images of Sierra Wireless products, visit https://www.sierrawireless.com/company/image-gallery/

About Sierra Wireless

Sierra Wireless (NASDAQ: SWIR) (TSX: SW) is a world leading IoT solutions provider that combines devices, network services, and software to unlock value in the connected economy. Companies globally are adopting 4G, 5G, and LPWA solutions to improve operational efficiency, create better customer experiences, improve their business models, and create new revenue streams. Sierra Wireless works with its customers to develop the right industry-specific solution for their IoT deployments, whether this is an integrated solution to help connect edge devices to the cloud, a software/API service to manage processes with billions of connected assets, or a platform to extract real-time data to improve business decisions. With more than 25 years of cellular IoT experience, Sierra Wireless is the global partner customers trust to deliver them their next IoT solution. For more information, visit www.sierrawireless.com.

Connect with Sierra Wireless on the IoT Blog at http://www.sierrawireless.com/iot-blog, on Twitter at @SierraWireless, on LinkedIn at https://www.linkedin.com/company/sierra-wireless and on YouTube at https://www.youtube.com/SierraWireless.

“Sierra Wireless” is a registered trademark of Sierra Wireless, Inc. “AirLink” is a registered trademark of Sierra Wireless America, Inc. Other product or service names mentioned herein may be the trademarks of their respective owners.

About EarthCam

EarthCam is the global leader in providing webcam content, technology and services. Founded in 1996, EarthCam provides live streaming video, time-lapse construction cameras and reality capture solutions for corporate and government clients. EarthCam leads the industry with the highest resolution imagery available, including the world’s first outdoor gigapixel panorama camera system. This patented technology delivers superior multi-billion pixel clarity for monitoring and archiving important projects and events. EarthCam has documented over a trillion dollars of construction projects around the world. The company is headquartered on a 10-acre campus in Northern New Jersey.

Projects documented by EarthCam include: One Vanderbilt Manhattan, St. Regis Chicago, Hudson Yards, UBS Arena, Los Angeles SoFi Stadium, Las Vegas Allegiant Stadium, Mercedes-Benz Stadium, LAX Airport, Moynihan Station, San Francisco Oakland Bay Bridge, Panama Canal Expansion, The Red Sea Project, The Jeddah Tower, Academy Museum of Motion Pictures, Whitney Museum of American Art, Louvre in Abu Dhabi, Smithsonian National Museum of African American History and Culture, One World Trade Center, Statue of Liberty Museum and the Smithsonian Air & Space Museum.

Learn more about EarthCam’s innovative solutions at earthcam.net

Contacts

Louise Matich

Sierra Wireless

Media Relations

phone: +1 236 979 2154

pr@sierrawireless.com

David Climie

Sierra Wireless

Investor Relations

phone: +1 604 321 1137

dclimie@sierrawireless.com

Sydney Fader

EarthCam

Media Relations

phone: +1 201 488 1111

press@earthcam.com

InterRent Announces Voting Results from the 2022 Annual and Special Meeting

June 22, 2022 By Business Wire

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

OTTAWA, Ontario–(BUSINESS WIRE)–InterRent Real Estate Investment Trust (TSX-IIP.UN) (the “REIT”) is pleased to announce the voting results from its 2022 Annual and Special Meeting (the “Meeting”) of unitholders held on June 20, 2022. Each of the matters voted upon at the Meeting is discussed in detail in the REIT’s management information circular dated May 11, 2022 (the “Information Circular”) and is available on the REIT’s website at www.interrentreit.com/MIC2022. A total of 111,952,343 units representing approximately 77.70% of the REIT’s issued and outstanding units were voted in person and by proxy in connection with the Meeting. The voting results for each matter presented at the Meeting are provided below:

1. Election of Trustees

The following nominees listed in the Information Circular were elected as trustees of the REIT until the next annual meeting of the unitholders or until their successors are elected or appointed, and the voting results are as follows:

Nominee

Votes in Favour

Percentage of

Votes Cast in

Favour

Votes Withheld

Votes Withheld

as a Percentage

of Votes Cast

Paul Amirault

100,137,027

89.53%

11,709,127

10.47%

Jean-Louis Bellemare

110,783,741

99.05%

1,062,413

0.95%

Brad Cutsey

110,264,079

98.58%

1,582,075

1.42%

Judy Hendriks

110,842,333

99.10%

1,003,821

0.89%

John Jussup

89,968,224

80.44%

21,877,930

19.56%

Ronald Leslie

108,750,951

97.23%

3,095,203

2.77%

Mike McGahan

106,633,470

95.34%

5,212,684

4.66%

Cheryl Pangborn

105,091,878

93.96%

6,754,276

6.04%

2. Amendment of Deferred Unit Plan and Approval of Unallocated Units

The amendment to the deferred unit plan to reduce the maximum number of units of the REIT that may be issued under the new performance and restricted unit plan and the deferred unit plan combined, from 7% to 6% of the issued and outstanding Units; and to authorize all unallocated Units issuable pursuant to such plans as required by the Toronto Stock Exchange every three years, all as more fully described in the Information Circular, was approved by majority vote, and the voting results are as follows:

Votes in Favour

 

Percentage of Votes

Cast

 

Votes Against

 

Votes Against as a

Percentage of Votes

Cast

70,014,790

 

62.60%

 

41,831,364

 

37.40%

3. Approval of Performance and Restricted Unit Plan

The new Performance and Restricted Unit Plan, as more fully described in the information Circular, was approved by majority vote, and the voting results are as follows:

Votes in Favour

 

Percentage of Votes

Cast

 

Votes Against

 

Votes Against as a

Percentage of Votes

Cast

109,764,369

 

98.17%

 

2,051,785

 

1.83%

4. Other Matters

In addition to the foregoing, unitholders (i) approved and authorized the trustees of the REIT to elect the nominees listed in the Information Circular as trustees of InterRent Trust and as directors of InterRent Holdings General Partner Limited, in each case, until the next annual meeting of the unitholders or until their successors are elected or appointed; and (ii) reappointed RSM Canada LLP, Chartered Professional Accountants as auditors of the REIT until the next annual meeting of the unitholders at remuneration to be fixed by the trustees.

About InterRent

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

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

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

The TSX has not reviewed and does not accept responsibility

for the adequacy or accuracy of this release.

Contacts

Sandy Rose, CFA

Director – Investment Relations & Sustainability

(514)704-2459

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

Choice Properties Real Estate Investment Trust Announces Issuance of $500 million of Series R Senior Unsecured Debentures

June 21, 2022 By Business Wire

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

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

Offering of Debentures

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

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

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

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

About Choice Properties Real Estate Investment Trust

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

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

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

Forward-Looking Statements

This press release may contain forward-looking information within the meaning of applicable securities legislation, which reflects Choice Properties’ current expectations regarding future events, including the expected closing of the Offering and debenture redemption and intended use of proceeds of the Offering. Forward-looking information is based on a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond Choice Properties’ control that could cause actual results and events to differ materially from those that are disclosed in or implied by such forward-looking information. Such risks and uncertainties include, but are not limited to, the factors discussed in Choice Properties’ 2021 Annual Report, current Annual Information Form and 2022 First Quarter Report. Choice Properties does not undertake any obligation to update such forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required by applicable law. All forward-looking statements contained in this press release are made as of the date hereof and are qualified by these cautionary statements.

Contacts

For further information:
Mario Barrafato

Chief Financial Officer

Choice Properties Real Estate Investment Trust

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

Dream Office REIT June 2022 Monthly Distribution

June 20, 2022 By Business Wire

TORONTO–(BUSINESS WIRE)–DREAM OFFICE REIT (TSX: D.UN) (“Dream Office” or the “Trust”) today announced its June 2022 monthly distribution of 8.333 cents per REIT Unit, Series A ($1.00 annualized). The June distribution will be payable on July 15, 2022 to unitholders of record as at June 30, 2022.

Dream Office REIT is an unincorporated, open-ended real estate investment trust. Dream Office REIT is a premier office landlord in downtown Toronto with over 3.5 million square feet owned and managed. We have carefully curated an investment portfolio of high-quality assets in irreplaceable locations in one of the finest office markets in the world. For more information, please visit our website at www.dreamofficereit.ca.

Contacts

Michael J. Cooper

Chairman and Chief Executive Officer

(416) 365-5145

mcooper@dream.ca

Jay Jiang

Chief Financial Officer

(416) 365-6638

jjiang@dream.ca

Dream Industrial REIT Announces June 2022 Monthly Distribution

June 20, 2022 By Business Wire

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

Dream Industrial REIT is an unincorporated, open-ended real estate investment trust. As at March 31, 2022, Dream Industrial REIT owns, manages and operates a portfolio of 244 industrial assets (358 buildings) comprising approximately 44.4 million square feet of gross leasable area in key markets across Canada, Europe, and the U.S. Dream Industrial REIT’s objective is to continue to grow and upgrade the quality of its portfolio which primarily consists of distribution and urban logistics properties and to provide attractive overall returns to its unitholders. For more information, please visit our website at www.dreamindustrialreit.ca.

Contacts

DREAM INDUSTRIAL REIT

Brian Pauls

Chief Executive Officer

(416) 365-2365

bpauls@dream.ca

Lenis Quan

Chief Financial Officer

(416) 365-2353

lquan@dream.ca

Alexander Sannikov

Chief Operating Officer

(416) 365-4106

asannikov@dream.ca

Primaris REIT Announces 2022 Annual General Meeting Voting Results

June 17, 2022 By Business Wire

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

 

Number of Units

Voted For

Percentage of

Units Voted

For

Number of Units

Withheld from

Voting

Percentage of

Units Withheld

from Voting

Alex Avery

69,044,792

99.9%

85,924

0.1%

Avtar Bains

69,046,501

99.9%

84,215

0.1%

Anne Fitzgerald

64,928,581

93.9%

4,202,135

6.1%

Louis Forbes

66,565,942

96.3%

2,564,774

3.7%

Timothy Pire

69,019,290

99.8%

111,426

0.2%

Patrick Sullivan

68,686,046

99.4%

444,670

0.6%

Deborah Weinswig

66,519,547

96.2%

2,611,169

3.8%

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

About Primaris REIT

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

Contacts

Alex Avery

Chief Executive Officer

416-642-7837

aavery@primarisreit.com

Rags Davloor

Chief Financial Officer

416-645-3716

rdavloor@primarisreit.com

www.primarisreit.com

InterRent REIT Announces June 2022 Distributions

June 17, 2022 By Business Wire

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

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

About InterRent

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

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

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

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

Contacts

Sandy Rose, CFA

Director – Investor Relations & Sustainability

(514) 704-2459

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

OneHome from CoreLogic Goes Live in Canada

June 17, 2022 By Business Wire

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

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

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

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

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

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

About CoreLogic

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

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

Contacts

Robin Wachner

CoreLogic

newsmedia@corelogic.com

Zenbase and Avenue Living Communities Partner to Offer Thousands of Renters Flexible Payment Options

June 17, 2022 By Business Wire

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

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

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

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

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

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

About Zenbase

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

About Avenue Living

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

Contacts

Zenbase Press Contact:
Philipp Postrehovsky

philipp@myzenbase.com
604.657.2775

Avenue Living Press Contact:
Tammy Cho

tcho@avenueliving.ca
403.870.5831

The First of Five Architectural Masterpieces at The Case, Malibu’s Only New Guard Gate Community in Decades, Lists for $69.995 Million

June 16, 2022 By Business Wire

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

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


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

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

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

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

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

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

Contacts

Emily Warner

Murphy O’Brien Public Relations

unvarnishedcopr@murphyobrien.com 

310.453.2539

Dream Unlimited Corp. Announces Release of 2022 Impact Report

June 16, 2022 By Business Wire

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

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

  • Highlights from the 2022 Impact Report:

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

About Dream Unlimited Corp:

Dream Unlimited is a leading developer of exceptional office and residential assets in Toronto, owns stabilized income generating assets in both Canada and the U.S., and has an established and successful asset management business, inclusive of $16 billion of assets under management across four Toronto Stock Exchange listed trusts, our private asset management business and numerous partnerships. We also develop land and residential assets in Western Canada. Dream expects to generate more recurring income in the future as its urban development properties are completed and held for the long term. Dream has a proven track record for being innovative and for our ability to source, structure and execute on compelling investment opportunities.

Forward-Looking Information

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

Contacts

Dream Unlimited Corp.

Deb Starkman

Chief Financial Officer

(416) 365-4124

dstarkman@dream.ca

Kim Lefever

Director, Investor Relations

(416) 365-6339

klefever@dream.ca

  • « Previous Page
  • 1
  • …
  • 76
  • 77
  • 78
  • 79
  • 80
  • …
  • 103
  • Next Page »

Sign up for the Daily Digest Email!

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

100% Privacy. No SPAM. We promise.

Daily Movers

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

Market Snapshot

  • Advertise
  • About
  • Contact
  • Privacy Policy

Copyright © 2025 · REIT REPORT