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Capital Consulting International (CCi) Acquires Hargreaves Jones

June 24, 2022 By Business Wire

Global consulting firm deepens expertise and broadens Rimkus network of companies in the UK

LONDON–(BUSINESS WIRE)–Capital Consulting International (“CCi”), A Rimkus Company, today announced the acquisition of Manchester-based Hargreaves Jones, a commercial and project management consultancy serving the oil, gas, nuclear, utilities, pharmaceutical, commercial, and fast-moving consumer goods sectors. The acquisition will support the advancement of CCi’s expertise to deliver commercial and project management services to clients engaged in capital construction and engineering activities on both large and small infrastructure projects.

“This acquisition is consistent with Rimkus’ overall strategy to grow our strategic practice areas as well as expand our core service lines. We are very excited about what this partnership means for the employees and clients of both companies. Hargreaves Jones will help us expand our geographic reach and the services we offer in the United Kingdom and on a global basis,” said Curtis Brown, Chairman and Executive Director, Rimkus Consulting Group, Inc.

“We are pleased to join forces with the Hargreaves Jones team and deliver enhanced capabilities to our customers in the United Kingdom and internationally whilst also offering Hargreaves Jones customers access to the wider range of CCi and Rimkus services. Together, we are poised for success – today and well into the future,” said Dave Webster, Group Managing Director, Capital Consulting International, A Rimkus Company.

“At Hargreaves Jones, we pride ourselves on deep industry expertise and top-level approach to client service. Aligning with Rimkus is a natural transformation that will give our team the flexibility, resources, and network to take our business to the next level. We look forward to embarking on this exciting new chapter,” said Peter Hargreaves, Managing Director, Hargreaves Jones.

About Capital Consulting International

CCi is an independent consultancy that has an international reputation for expertise in both the insurance and construction industries. The company’s delay, quantum, and technical experts bring clarity and resolution to some of the world’s largest and most complex insurance claims and construction disputes. With a dedicated team of industry experts operating from 17 offices around the world, CCi is focused on building long-term relationships with stakeholders to provide the relevant support to meet their changing business needs. With more than 25 years’ experience, CCi has an enviable reputation for truly unique and unrivalled service to the global insurance and construction markets. For more information, visit www.cci-int.com.

About Rimkus Consulting Group, Inc.

Rimkus Consulting Group, Inc. is a worldwide provider of engineering and technical consulting services to corporations, insurance companies, law firms, and government agencies. Rimkus experts assist clients with the responsive and timely resolution of claims and disputes across a wide range of industries. Rimkus also provides architecture, engineering, and construction services for the built environment, including restoration design, facilities risk assessments, and due diligence property condition assessments. For almost 40 years, the company’s professional engineers, architects, scientists, and technical specialists have been recognized for their commitment to service excellence by local, national, and international business communities. Rimkus operates more than 110 offices worldwide. For more information, visit www.rimkus.com.

About Hargreaves Jones

Hargreaves Jones is a consultancy providing commercial and project services support through quantity surveyors, project managers, planners, and cost engineers on large and complex projects in the oil, gas, electricity generation and distribution, nuclear, renewable energy generation, industrial, and transportation sectors within the United Kingdom and internationally. For more information, visit https://www.hargreavesjones.com/

Contacts

Victoria Cook

Pierpont Communications on behalf of Rimkus Consulting Group, Inc.

vcook@piercom.com
713-627-2223

24/7 Realty Joins The Real Brokerage

June 24, 2022 By Business Wire

San Diego-Based Real Estate Team to be Led by Director Zach Fleischman

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 24/7 Realty, based in San Diego, is joining its growing network of agents.

24/7 Realty started in 2019 as a team of four agents and has since grown to more than 200 agents. The team services the San Diego and Riverside, California areas. 24/7 went from 30 transactions in their first year to 232 in year two and 540 last year, and have set the goal to close approximately 1,000 transactions this year. In the last 12 months, the team closed 569 transactions, which resulted in more than $398 million in closed volume.

“Our team is thrilled to be part of Real’s strong and growing national network,” says Troy Moritz, Owner of 24/7 Realty. “Our company has thrived on building community and a positive work culture, and we feel that Real will allow us to continue to do so while scaling nationally.”

“We are happy to welcome 24/7 Realty to Real,” said Real Chairman and CEO Tamir Poleg. “We are expanding rapidly in California—most recently in the San Diego area. Zach and his team will expose Real to even more buyers and sellers in Southern California, and the team will gain the tools they need to expand even further. We applaud their success to date and look forward to working with them in the future.”

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 www.joinreal.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:

The Real Brokerage Inc.

Elisabeth Warrick

elisabeth@therealbrokerage.com

Investors, for more information:

Jason Lee

Vice President, Capital Markets & Investor Relations

investors@therealbrokerage.com
908-280-2515

Metrie® Announces Its Third Acquisition in 18 Months and Expands U.S. Atlantic Market Leadership Position, With Acquisition of Tinder Wholesale, LLC

June 22, 2022 By Business Wire

VANCOUVER, British Columbia–(BUSINESS WIRE)–Metrie®, North America’s largest manufacturer and distributor of millwork solutions, today completed its acquisition of Tinder Wholesale, LLC, (“Tinder”) a two-step distributor of interior and exterior millwork. Alongside the purchase of EL & EL Wood Products Corp. in April 2022, and Pacific MDF Products Inc. and Canadian MDF Products Company in December 2020, the acquisition of Tinder is Metrie’s third acquisition within eighteen months. Each acquisition supports Metrie’s growth strategy and strengthens the overall supply chain for our partners.

“Metrie continues to grow – with this acquisition, in our important US Atlantic region,” commented Kent Bowie, President & CEO, Metrie. “We believe Metrie has the most robust, integrated supply chain in the North American millwork industry, with a combination of internal manufacturing capability complemented by key partnerships with global leaders. The Tinder acquisition enables us to offer our existing – and new – Atlantic customers more innovative product and supply chain solutions. This is an exciting opportunity for us to provide an even better customer experience in the East.”

“Further, the deal showcases our leading presence in every strategic market in the U.S. and Canada; and we still believe there is more that we can do for customers, suppliers, and partners as the market consolidates further. Thank you to Mick Tinder and his team for believing in Metrie to continue their customer service excellence. The Metrie team is actively looking for other millwork-focused businesses that are exploring exit opportunities,” concluded Mr. Bowie.

About Metrie®:

For nearly 100 years, Metrie has helped people transform their homes with high quality millwork products. The Metrie story began in 1926 as a small, family-owned and -operated business in Vancouver, B.C. Since then, Metrie’s commitment to innovative design and fine craftsmanship has helped the company expand operations to include six solid wood and MDF manufacturing facilities, plus 26 distribution centers in the U.S. and Canada. Metrie has grown over the last nine decades to become the largest MDF moulding manufacturer in North America. For more information, please visit www.Metrie.com or visit us on social media: LinkedIn, Facebook, Instagram, Twitter, Pinterest, YouTube and Houzz.

Contacts

Jonathan Anthony, Director, Corp. Communications | Jonathan.Anthony@metrie.com | 604-374-3240

H.I.G. Realty Credit Partners Originates Two Loans, Totaling $95 Million, Secured by Two Multifamily Properties in the Southeastern US

June 22, 2022 By Business Wire

NEW YORK–(BUSINESS WIRE)–#CommercialRealEstate–H.I.G. Capital (“H.I.G.”), a leading global alternative investment firm with over $49 billion of equity capital under management, is pleased to announce that its affiliate, H.I.G. Realty Credit Partners, has originated two loans, totaling $95 million, secured by two multifamily complexes in Charlotte, North Carolina and Chattanooga, Tennessee.

The loans were made to affiliates of Ardmore Residential, an experienced multifamily developer and owner throughout the southeastern United States. The properties are nearing the completion of construction, and are set to benefit from the growing residential demand in both of their markets.

“We are excited to finance these brand new, high-quality assets in the Charlotte and Chattanooga MSAs. Ardmore has developed an excellent product that will be well received in the market, and we are glad to be a part of these projects,” said Michael Mestel, Managing Director at H.I.G. Realty Credit Partners.

About H.I.G. Realty Credit Partners

H.I.G. Realty Credit Partners is the real estate debt platform of H.I.G. Capital, a leading global alternative assets investment firm with over $49 billion of equity capital under management. H.I.G. Realty Credit Partners and H.I.G. Realty Partners collectively manage $4.3 billion of capital. H.I.G. Realty Credit Partners focuses on small-to-mid cap real estate, targeting debt investments across all property types located throughout the U.S., Europe, and Latin America. Debt investments include senior bridge loans, mezzanine loans and preferred equity collateralized by transitional properties and portfolios. H.I.G. Realty Partners’ equity investments focus on the acquisition of value-add assets, employing a hands-on, operationally focused approach that seeks to generate substantial cash flow and asset appreciation through rehabilitating, redeveloping, repositioning and rebranding assets that have been capital starved and/or poorly managed. For more information, please refer to the H.I.G. website www.higcapital.com.

About H.I.G. Capital

H.I.G. is a leading global alternative assets investment firm with over $49 billion of equity capital under management.* Based in Miami, and with offices in New York, Boston, Chicago, Dallas, Los Angeles, San Francisco, and Atlanta in the U.S., as well as international affiliate offices in London, Hamburg, Madrid, Milan, Paris, Bogotá, Rio de Janeiro and São Paulo, H.I.G. specializes in providing both debt and equity capital to small and mid-sized companies, utilizing a flexible and operationally focused/ value-added approach:

  1. H.I.G.’s equity funds invest in management buyouts, recapitalizations and corporate carve-outs of both profitable as well as underperforming manufacturing and service businesses.
  2. H.I.G.’s debt funds invest in senior, unitranche and junior debt financing to companies across the size spectrum, both on a primary (direct origination) basis, as well as in the secondary markets. H.I.G. is also a leading CLO manager, through its WhiteHorse family of vehicles, and manages a publicly traded BDC, WhiteHorse Finance.
  3. H.I.G.’s real estate funds invest in value-added properties, which can benefit from improved asset management practices.
  4. H.I.G. Infrastructure focuses on making value-add and core plus investments in the infrastructure sector.

Since its founding in 1993, H.I.G. has invested in and managed more than 300 companies worldwide. The firm’s current portfolio includes more than 100 companies with combined sales in excess of $30 billion. For more information, please refer to the H.I.G. website at www.higcapital.com.

* Based on total capital commitments managed by H.I.G. Capital and affiliates.

Contacts

Michael Mestel

Managing Director

mmestel@higrealty.com

Steven Schwartz

Managing Director

sschwartz@higrealty.com

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

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