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Slate Grocery REIT Announces Distribution for the Month of June 2022

June 16, 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 the Board of Trustees has declared a distribution for the month of June 2022 of U.S.$0.072 per class U unit of the REIT (“Class U Units”), or U.S.$0.864 on an annualized basis.

Holders of Class U Units may elect to receive their distribution in Canadian dollars and should contact their broker to make such an election.

Holders of class A units of the REIT (“Class A Units”) will receive a distribution equal to the Canadian dollar equivalent (based on the U.S./Canadian dollar exchange rate at the time of payment of the distribution) of U.S.$0.072 per Class A Unit, unless the unitholder has elected to receive distributions in U.S. dollars. Holders of class I units of the REIT (“Class I Units”) will receive a distribution of U.S.$0.072 per Class I Unit, unless the unitholder has elected to receive distributions in Canadian dollars. Holders of units of subsidiaries of the REIT that are exchangeable into Class U Units (“Exchangeable Units”) will receive a distribution of U.S.$0.072 per unit.

If a holder of Class U Units or Class I Units elects to receive distributions in Canadian dollars, the holder will receive the Canadian dollar equivalent amount of the distribution being paid on the Class U Units or Class I Units, as applicable, based on the U.S./Canadian dollar exchange rate at the time of payment of the distribution.

Distributions on all unit classes of the REIT, and distributions on Exchangeable Units, will be payable on July 15, 2022 to unitholders of record as of the close of business on June 30, 2022.

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-Dist

Contacts

For Further Information
Investor Relations

+1 416 644 4264

ir@slateam.com

Beacon Announces Winner of North American Female Roofing Professional of the Year Competition

June 16, 2022 By Business Wire

HERNDON, Va.–(BUSINESS WIRE)–Beacon (Nasdaq: BECN) (the “Company”) announced today that Michelle Mulder, owner of Nailed It Roofing in North Bay, Ontario, Canada is the winner of Beacon’s annual North American Female Roofing Professional of the Year competition, which shines a spotlight on inspiring women in the roofing industry across the U.S. and Canada.

Michelle has enjoyed hands-on work since taking shop classes in high school, where she looked forward to a career in the trades. As a woman, she found it difficult to be hired in construction after high school, so she enrolled in the Renovation Techniques Construction Carpentry Program at Canadore College. Upon graduating in 2005, she was hired as a carpenter, framing houses and sheathing roofs. Learning more about the on-site trades, she grew a passion for roofing. In 2015 Michelle started her own business, Nailed It Roofing, which has been one of the top roofing companies in North Bay, Ontario for the past seven years.

“We were thrilled to receive hundreds of submissions demonstrating women’s impact on the roofing industry,” said Julian Francis, Beacon’s President & CEO. “It’s a privilege to recognize Michelle for her hard work and determination in leading the way for women in the roofing sector. The public rallied to vote for Michelle, recognizing her work on the jobsite and her devotion to mentoring young women in the community.”

“I’m grateful for the support I received from my local community and my colleagues,” remarked Mulder. “It’s an honor to receive this prestigious award. I applaud Beacon for its support of women in the industry and I hope my story inspires other women to become trailblazers.”

From March 8 through April 11, Beacon solicited the nomination of outstanding female roofing professionals. Beacon opened voting to the public from May 16 through June 6. The other top four finalists were:

  • Letitia Hanke – ARS Roofing and Gutters (Santa Rosa, California)
  • Anna Arakelyan – United Roofing (Myrtle Beach, South Carolina)
  • Christina Rodriguez – G Storm Solutions (Houston, Texas)
  • Robin Wright – V & R Roofing (Tacoma, Washington)

To learn more about Beacon’s annual Female Roofing Professional of the Year competition, the deserving finalists, and the official contest rules, visit: go.becn.com/femaleroofpro.

About Beacon

Founded in 1928, Beacon is a Fortune 500, publicly traded distributor of roofing materials and complementary building products in North America, operating over 400 branches throughout all 50 states in the U.S. and 6 provinces in Canada. Beacon serves an extensive base of over 80,000 customers, utilizing its vast branch network and diverse service offerings to provide high-quality products and support throughout the entire business lifecycle. Beacon offers its own private label brand, TRI-BUILTTM, and has a proprietary digital account management suite, Beacon PRO+, which helps customers to manage their businesses online. Beacon’s stock is traded on the Nasdaq Global Select Market under the ticker symbol BECN. To learn more about Beacon, please visit www.becn.com.

Contacts

INVESTORS

Binit Sanghvi

VP, Capital Markets and Treasurer

Binit.Sanghvi@becn.com
972-369-8005

MEDIA

Jennifer Lewis

VP, Communications and Corporate Social Responsibility

Jennifer.Lewis@becn.com
571-752-1048

Langdon Park Capital Completes First DC Region Acquisition, Advances Commitment to Investing in Historically Underserved Communities

June 16, 2022 By Business Wire

Industry veteran Julia Stevenson joins LPC as Mid-Atlantic Director to expand presence in the region

LOS ANGELES–(BUSINESS WIRE)–Langdon Park Capital (LPC), a Black-owned real estate investment company, today announced the $63.2 million acquisition of a 304-unit apartment complex located near Washington, DC in Fort Washington, Maryland, and the appointment of industry veteran Julia Stevenson as LPC’s Director for the Mid-Atlantic region. These two key milestones advance the firm’s commitment to addressing the unmet demand for high-quality, affordable housing in historically underserved Black and Latino communities across the United States.

The property, which will be rebranded Langdon Park at Fort Washington, was built in 1965 and is in a predominantly Black community with most residents earning below 70% of area medium income. Preserving that affordability while providing housing that residents can be proud of is core to LPC’s mission and investment strategy. The property is situated minutes outside the Capital Beltway and offers convenient access to regional employment centers within Prince George’s County and Washington, DC. LPC has committed more than $5 million for capital improvements at the property, including upgraded interiors of units, building exteriors, common areas, and the on-site community center. As part of its value-add to residents, LPC will work with organizations to provide access to a range of social services from financial education to workforce development support, and more.

“The lack of affordable housing is a pervasive issue within the country and one that hits home for me personally, being born and raised in a similar neighborhood in Washington, DC,” said LPC Founder and CEO Malcolm Johnson. “Langdon Park Capital’s mission is about providing real homes and real communities to hard-working families where they can grow and thrive. I’m confident that our team’s lived experiences, cultural competency, and investment acumen will help to create long-term value for residents and investors alike.”

LPC approaches each investment in a highly customized way to enhance communities based on the specific needs of residents. At this initial phase, the leadership team has identified three community-focused partners to provide support for residents: non-profit organizations Washington Jesuit Academy, which provides comprehensive education for promising students from underserved communities, and Employ Prince George’s, a workforce development service provider, as well as Esusu, a minority-owned fintech platform that will allow residents to have their rental payments reported to major credit bureaus to help establish or improve their credit profiles and build stronger credit histories.

As part of the announcement, LPC is expanding its presence in the region with the appointment of industry veteran Julia Stevenson as LPC’s Director for the Mid-Atlantic region, effective June 20, 2022. Stevenson will be based in Washington, DC. Her extensive real estate experience includes fund management, impact investing, development, and project finance, with prior leadership roles at LISC Strategic Investments, Banneker Ventures, Eagle Bank, PNC Bank, and the Howard County (MD) Real Estate Development office.

“Beyond her deep expertise in commercial real estate, fund structuring and capital markets, Julia has a demonstrated track record of building teams, cultivating meaningful relationships, and building trust with broad segments of community and business stakeholders,” said Johnson. “We look forward to working closely with Julia to expand our platform in the region and bring our vision into reality.”

“LPC presents the market with an authentic commitment to impact investing at its intersection of commercial real estate and equitable capital. I look forward to building with Malcolm and the team in this meaningful work,” said Stevenson.

LPC was founded in 2021 by CEO Malcolm Johnson, who leads a diverse, dynamic leadership team with expertise in real estate finance, asset management, impact investing, and M&A. Kennedy Wilson (NYSE: KW), a global real estate investment company, was LPC’s founding partner, and the firm received a strategic investment from Eldridge, a holding company with a diversified network of businesses across finance, real estate, entertainment, and technology. Capital One, a top-5 Freddie Mac lender, provided a financing vehicle for the acquisition that can grow with LPC’s plans for the property.

About Langdon Park Capital

Langdon Park Capital (LPC) is a real estate investment manager focused on creating lasting social impact in historically underserved Black and Latino communities, while generating strong returns for its investors. The firm combines institutional capital with the industry expertise and the lived experiences of its diverse leadership team to customize its investment approach based on each community’s specific needs. Headquartered in Los Angeles, LPC invests in affordable and workforce residential and mixed-use real estate properties in cities across the United States. To learn more about Langdon Park Capital, please visit www.langdonparkcapital.com.

Contacts

Josette Thompson & Melanie Gounardes

Prosek Partners

Pro-langdonpark@prosek.com

Holcim North America to Scale up Mineralization Technology Leading Industry Transition to Net Zero

June 15, 2022 By Business Wire

  • Lafarge Canada and Holcim US embark on innovative collaboration with Blue Planet to scale technology that can sequester carbon emissions and provide circular economy benefits

TORONTO & CHICAGO–(BUSINESS WIRE)–Today, Holcim North America announced a financial investment in Blue Planet Systems Corporation, to support the development and commercialization of their mineralization technology. Blue Planet’s novel process sequesters carbon emissions into aggregate that can make concrete carbon-negative. Each tonne of Blue Planet’s aggregate can mineralize up to 440 kg of CO2, preventing it from emitting into the atmosphere.


Blue Planet’s CCUS technology provides circular economy benefits in that the mineralization process can consume industrial waste, such as recycled concrete, cement kiln dust (CKD), and slag and produce new aggregate products. This investment represents another significant step toward making Holcim the global leader in innovative and sustainable building solutions.

“Being at the forefront of driving sustainable actions in our industry requires continuous innovation and partnerships,” said Toufic Tabbara, Region Head, North America. “Our investment offers a critical opportunity to influence the development of future technologies in the CCUS space while at the same time, we grow our network of like-minded companies with the same strong focus on net zero to amplify global efforts along with other Blue Planet’s investors.”

Holcim North America, comprising Lafarge Canada and Holcim US, and Blue Planet will initiate a multi-year strategic collaboration to help identify potential to use the mineralization technology to further lower the carbon footprint of the companies’ cement, aggregates and concrete operations, with the potential to expand to other operations in the Holcim Group around the world.

“This is an important step for us in North America. Our vision is to transform our St. Constant Plant in Montreal (QC) into a carbon campus that ultimately advances commercialization of mineralization technologies including Blue Planet’s products,” added David Redfern, president & CEO, Lafarge Canada. “We look forward to advancing our Net Zero strategy by leveraging mineralization technology that allows us to use the CO2 from our own cement plants to produce carbon neutral or carbon negative sand and gravel products.”

“By focusing on the aggregate component of concrete, our technology can have a more impactful influence on the embodied carbon in concrete than the traditional focus on reducing cement component alone. Collaborating with Holcim enables us to apply our CO2 mineralization technology to large-scale cement operations where we expect it will more squarely address CO2 emissions,” commented Brent R. Constantz, Ph.D., CEO at Blue Planet.

About Lafarge Canada Inc.

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

About Holcim US

Holcim builds progress for people and the planet. As a global leader in innovative and sustainable building solutions, Holcim is enabling greener cities, smarter infrastructure and improving living standards around the world. With sustainability at the core of its strategy Holcim is becoming a net zero company, with its people and communities at the heart of its success. The company is driving the circular economy as a world leader in recycling to build more with less. Holcim is the company behind some of the world’s most trusted brands in the building sector including ACC, Aggregate Industries, Ambuja Cement, Disensa, Firestone Building Products, Geocycle, Holcim and Lafarge. Holcim is 70,000 people around the world who are passionate about building progress for people and the planet through four business segments: Cement, Ready-Mix Concrete, Aggregates and Solutions & Products.

In the United States, Holcim, includes close to 350 sites in 43 states and employs 7,000 people. Our customers rely on us to help them design and build better communities with innovative solutions that deliver structural integrity and eco-efficiency.

Contacts

Anna Salomao

anna.salomao@lafargeholcim.com

Doral Secures Project Financing For The Mammoth North Solar Project

June 15, 2022 By Business Wire

PHILADELPHIA–(BUSINESS WIRE)–Doral Renewables LLC (“Doral”) has successfully closed construction project financing for Mammoth North, the first phase of Doral’s broader Mammoth Solar project. Mammoth North is located on 4,500 acres in Starke County, Indiana, in the northwestern region of PJM. The project will be a ground-mounted single axis PV system with 400 MWac of solar power capacity. Doral is also developing the nearby Mammoth Central and Mammoth South projects which, together with Mammoth North, will bring 1.3 GWac of capacity to market as one of the country’s largest collective solar farms.

Deutsche Bank AG, New York Branch acted as sole bookrunner, sole structuring bank and mandated lead arranger for the $392 million financing for the project, which consisted of a $157 million construction-to-term loan facility, a $170 million tax equity bridge loan, and a $65 million letter of credit facility. Bayerische Landesbank, New York Branch and National Bank of Canada acted as Lead Managers with Banco de Sabadell, S.A, Miami Branch, Comerica Bank, a Texas banking association, Intesa Sanpaolo S.p.A., New York Branch, and Metropolitan Life Insurance Company rounding out the syndicate for the debt and letter of credit facilities. The closing was completed simultaneously with Doral’s signing of a nearly $175 million tax equity commitment for the project from Bank of America N.A. Marathon Capital Markets, LLC acted as exclusive financial advisor for Doral.

Mammoth North will generate energy and renewable energy certificate revenue via its long-term Power Purchase Agreement (PPA) with AEP Energy Partners, Inc., a subsidiary of American Electric Power (Nasdaq: AEP), one of the largest investor-owned utilities in the U.S., providing AEP’s consumers with clean energy. Doral expects that the facility will power approximately 75,000 Midwestern homes once in operation.

“We are proud to support Doral with this financing and to have partnered with their world class development team and furthered DB’s commitment to Sustainable Financing,” said Jeremy Eisman, head of Infrastructure & Energy Financing and Structuring at Deutsche Bank.

“Doral is thrilled to have collaborated with Deutsche Bank to raise this important piece of capital which will enable us to bring Mammoth North to commercial operation as expected in 2023,” said Evan Speece, Chief Financial Officer at Doral Renewables LLC. “We look forward to continuing to work with our financing partners to bring clean energy from the other stages of Mammoth, and the rest of our growing pipeline, to customers throughout the United States.”

About Doral Renewables LLC

Doral is a U.S. company owned by Doral Renewable Energy Resources Group (TASE:DORL, “Doral Group”), a publicly traded Israeli renewable energy company, Migdal Group, Israel’s largest insurance company and pension manager, and U.S. members. Doral is developing an 11 GWac wind, solar, and storage portfolio across 20 states, eight electricity markets and covering approximately 100,000 acres of land. It has over $2 billion in long-term wholesale power purchase agreements with U.S. customers.

About Doral Group

Doral Group is a publicly-traded company on the Tel Aviv Stock Exchange in Israel (DORL) and is a global renewable energy leader, holding hundreds of long-term revenue-generating renewable energy assets. Doral Group is active, inter alia, in Israel, Europe, and the United States. Doral Group is also emerging as a worldwide leader in the field of solar + storage solutions, following its win of Israel’s biggest solar + storage tenders to build approximately 750 MWdc + 1,400MWh of storage facilities in Israel.

Contacts

Evan Speece

Chief Financial Officer

espeece@doral-llc.com

Home Capital Announces Return to Deposit Note Market with $200 Million Issuance

June 14, 2022 By Business Wire

TORONTO–(BUSINESS WIRE)–Home Capital Group Inc. (“Home Capital”) (TSX: HCG) and its subsidiary Home Trust Company, (“Home Trust” or “the Company”) announce the closing of a successful offering of two-year $200 million fixed-rate deposit notes (the “Notes”).

This deposit note issuance marks Home Trust’s first issuance of deposit notes since 2015. The Notes bear an interest rate of 5.317% which represented a spread of 225 basis points over comparable term Government of Canada Bonds and have a maturity date of June 13, 2024.

“We are pleased with investor response to our return to the deposit note market despite a volatile market backdrop,” stated Brad Kotush, Executive Vice President and Chief Financial Officer at Home Capital. “The 26 investors in the book led to an oversubscription of 1.8 times and give us confidence in our ability to utilize deposit notes as an element of our funding diversification strategy.”

BMO Capital Markets and RBC Capital Markets acted as joint leads and bookrunners for the offering together with a broad syndicate of leading financial institutions. The Notes will rank equally and ratably with all present and future unsecured and unsubordinated liabilities of Home Trust and are not covered by CDIC insurance.

About Home Capital: Home Capital Group Inc. is a public company, traded on the Toronto Stock Exchange (HCG), operating through its principal subsidiary, Home Trust Company. Home Trust is a federally regulated trust company offering residential and non-residential mortgage lending, securitization of residential mortgage products, consumer lending and credit card services. In addition, Home Trust offers deposits via brokers and financial planners, and through a direct-to-consumer deposit brand, Oaken Financial. Home Trust also conducts business through its wholly owned subsidiary, Home Bank. Licensed to conduct business across Canada, we have offices in Ontario, Alberta, British Columbia, Nova Scotia and Quebec.

Contacts

Jill MacRae

VP, Investor Relations and ESG

416-933-4991

Investor.relations@hometrust.ca

Schneider Electric Launches Inaugural Global Partner Recognition Program

June 13, 2022 By Business Wire

  • First-of-its-kind global award platform celebrating industry leaders that prioritize innovation and decarbonization
  • Empowering partners to deliver digital transformation, sustainability, and efficiency in the new electric world
  • Nominations opening soon until 25th November 2022

MISSISSAUGA, Ontario–(BUSINESS WIRE)–Schneider Electric, the leader in the digital transformation of energy management and automation, today announced the launch of the inaugural Schneider Electric Sustainability Impact Awards, the first initiative from the Partnering for Sustainability Program, to recognize the critical role that Schneider’s partners play in delivering a more resilient and sustainable electric world.


The Partnering for Sustainability program is a continuation of Schneider’s initiatives to empower its extensive ecosystem of partners to move toward a more sustainable future. It includes comprehensive education and training, a simplified product portfolio, an open and collaborative support ecosystem and access to expertise and resources on digital transformation. Designed to empower partners to become more sustainable in their own practices and support their customers on the path to net-zero, the program provides four easy steps that partners can follow to future-proof their businesses.

The Schneider Electric Sustainability Impact Awards will recognize a wide range of partners in two categories:

  1. Sustainability: Impact for my company: for partners who exhibit sustainability leadership in decarbonizing their operations,
  2. Sustainability and Efficiency: Impact for customers: for partners who demonstrate sustainability leadership by helping customers to achieve their decarbonization goals.

Entries will be carefully assessed on how they are leveraging energy and automation digital solutions to electrify operations, reduce energy supply, increase operational efficiency and embrace circularity across the value chain.

Eligibility requirements

The Awards are will be open to all organizations worldwide that work with Schneider Electric to enable efficiency and sustainability. Partner organizations need to be one of the following business types to take part in the program:

  1. Homebuilders
  2. IT Partners
  3. Partner Builders
  4. Design Firms
  5. Contractors
  6. System Integrators
  7. EcoXperts
  8. OEMs
  9. Industrial Automation System Integrators
  10. Machine Integrators
  11. Industrial Automation Distributors

How to Enter

Nominations will officially be accepted from July 1st – Register interest here. The deadline to submit is 25th November 2022. All nominations and submissions will be shortlisted for the Regional Awards, before streamlining further for the Global Award. The final winner will be announced in January 2023.

“We are all on the same mission – to accelerate the path to net-zero. At Schneider, we want to recognize those who are embedding positive change in their business operations. Partners who excel at this set a precedent for others to follow,” said Rohan Kelkar, Executive Vice President of Power Products at Schneider Electric. “We know there’s power in numbers and together we can deliver a significantly larger impact through considered sustainable and efficient practices.”

About Schneider Electric

Schneider’s purpose is to empower all to make the most of our energy and resources, bridging progress and sustainability for all. We call this Life Is On.

Our mission is to be your digital partner for Sustainability and Efficiency.

We drive digital transformation by integrating world-leading process and energy technologies, endpoint to cloud connecting products, controls, software and services, across the entire lifecycle, enabling integrated company management, for homes, buildings, data centers, infrastructure and industries.

We are the most local of global companies. We are advocates of open standards and partnership ecosystems that are passionate about our shared Meaningful Purpose, Inclusive and Empowered values.

https://www.se.com/ca/en/

Discover Life Is On Follow us on: Twitter, Facebook, LinkedIn, YouTube, Instagram, Blog

Discover the newest perspectives shaping sustainability, electricity 4.0, and next generation automation on Schneider Electric Insights

Contacts

Media Relations – Edelman on behalf of Schneider Electric, Juan Pablo Guerrero, Phone: +1 416 875 7173, Email: juan.guerrero@edelman.com

Dream Impact Trust Completes $40 Million Impact Debenture Offering

June 10, 2022 By Business Wire

This press release contains forward-looking information that is based upon assumptions and is subject to risks and uncertainties as indicated in the cautionary note contained within this press release.

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES

TORONTO–(BUSINESS WIRE)–DREAM IMPACT TRUST (TSX: MPCT.UN) (“Dream Impact“, “we“, “our” or the “Trust“) announced today the closing of its previously-announced public offering of $40 million aggregate principal amount of 5.75% convertible impact unsecured subordinated debentures of the Trust due December 31, 2027 (the “Debentures”) at a price of $1,000 per Debenture (the “Offering”). The Debentures are convertible, at the option of the holder, into units of Dream Impact (“Units”) at a conversion price of $8.00 per Unit representing a conversion rate of 125.0000 Units per $1,000 principal amount of Debentures. The Debentures were sold to a syndicate of underwriters led by TD Securities Inc. and Scotiabank on a bought deal basis. In addition, Dream Impact has granted the underwriters an over-allotment option to purchase up to an additional $6 million aggregate principal amount of Debentures at the same price, which can be exercised in whole or in part at any time for a period of 30 days following the closing of the Offering.

The Debentures will trade on the Toronto Stock Exchange under the symbol “MPCT.DB.A”.

The net proceeds from the Debentures are intended to be used for expenditures associated with eligible impact investments in accordance with the Trust’s Impact Financing Framework, released in 2021, as amended on May 30, 2022. Prior to the allocation of the net proceeds of the Offering, the net proceeds may be initially utilized, in part or in full, for repayments of certain of the Trust’s credit facilities, and ultimately will be allocated to finance, in whole or in part, expenditures associated with eligible impact investments in accordance with the Trust’s Impact Financing Framework.

The press release does not constitute an offer to sell securities, nor is it a solicitation of an offer to buy securities in any jurisdiction in which such offer or solicitation is unlawful. This press release is not an offer of securities for sale in the United States (“U.S.”). The securities being offered and the Units issuable upon the conversion, redemption of maturity of the Debentures have not been and will not be registered under the US Securities Act of 1933, as amended, and accordingly are not being offered for sale and may not be offered, sold or delivered directly or indirectly within the U.S., its possessions and other areas subject to its jurisdiction or to, or for the account or for the benefit of a U.S. person, except pursuant to an exemption from the registration requirements of that Act.

About Dream Impact

Dream Impact is an open-ended trust dedicated to impact investing. Dream Impact’s underlying portfolio is comprised of exceptional real estate assets reported under two operating segments: development and investment holdings, and recurring income, that would not be otherwise available in a public and fully transparent vehicle, managed by an experienced team with a successful track record in these areas. The objectives of Dream Impact are to create positive and lasting impacts for our stakeholders through our three impact verticals: environmental sustainability and resilience, attainable and affordable housing, and inclusive communities; while generating attractive returns for investors. For more information, please visit: www.dreamimpacttrust.ca.

Forward-Looking Information

This press release may contain forward-looking information within the meaning of applicable securities legislation. Forward-looking information generally can be identified by the use of forward-looking terminology such as “outlook”, “objective”, “may”, “will”, “would”, “could”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, “should”, “plans”, or “continue”, or similar expressions suggesting future outcomes or events. Some of the specific forward-looking information in this press release may include, among other things, the intended use of proceeds from the Offering, the repayment of certain of the Trust’s credit facilities and the financing, in whole or in part, of expenditures associated with eligible impact investments in accordance with the Trust’s Impact Financing Framework. 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 the Trust’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: risks associated with unexpected or ongoing geopolitical events, including disputes between nations, terrorism or other acts of violence, and international sanctions; the disruption of free movement of goods and services across jurisdictions; the risk of adverse global market, economic and political condition s and health crises, including the impact of the novel coronavirus (COVID-19 and variants thereof) pandemic on the Trust; risks inherent in the real estate industry; risks relating to investment in development projects; impact investing strategy risk; risks relating to geographic concentration; risks inherent in investments in real estate, mortgages and other loans and development and investment holdings; credit risk and counterparty risk; competition risks; environmental and climate change risks; risks relating to access to capital; interest rate risk; the risk of changes in governmental laws and regulations; tax risks; foreign exchange risk; acquisitions risk; and leasing risks. Our objectives and forward-looking statements are based on certain assumptions with respect to each of our markets, including that the general economy remains stable; the gradual recovery and growth of the general economy continues over 2022; that no unforeseen changes in the legislative and operating framework for our business will occur; that there will be no material change to environmental regulations that may adversely impact our business; that we will meet our future objectives, priorities and growth targets; that we receive the licenses, permits or approvals necessary in connection with our projects; that we will have access to adequate capital to fund our future projects, plans and any potential acquisitions; that we are able to identify high quality investment opportunities and find suitable partners with which to enter into joint ventures or partnerships; that we do not incur any material environmental liabilities; interest rates remain stable; there will not be a material change in foreign exchange rates; that the impact of the current economic climate and global financial conditions on our operations will remain consistent with our current expectations; our expectations regarding the impact of the COVID-19 pandemic and government measures to contain it; our expectation regarding ongoing remote working arrangements; and competition for and availability of acquisitions remains consistent with the current climate. All forward-looking information in this press release speaks as of the date of this press release. The Trust 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 the Trust’s filings with securities regulators filed on the System for Electronic Document Analysis and Retrieval (www.sedar.com), including its latest annual information form and MD&A. These filings are also available at the Trust’s website at www.dreamimpacttrust.ca.

Contacts

Meaghan Peloso
Chief Financial Officer

416 365-6322

mpeloso@dream.ca

Kimberly Lefever
Director, Investor Relations

416 365-6339

klefever@dream.ca

Metrie® Announces Acquisition of Tinder Wholesale, LLC.

June 10, 2022 By Business Wire

VANCOUVER, British Columbia–(BUSINESS WIRE)–Metrie®, North America’s largest manufacturer and distributor of millwork solutions, announces that it has entered into a definitive agreement for the acquisition of certain assets of Tinder Wholesale, LLC, a two-step distributor of interior and exterior millwork in the US East.

Subject to the fulfillment of certain closing requirements, the deal is expected to close on June 20th, 2022.

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

Tricon Launches Market-Leading Down Payment Assistance Program, Expands Environmental Sustainability Initiatives and Releases ESG Report

June 10, 2022 By Business Wire

TORONTO–(BUSINESS WIRE)–Tricon Residential Inc. (“Tricon” or the “Company”) (NYSE: TCN, TSX: TCN), an owner and operator of single-family rental homes and multi-family rental apartments in the United States and Canada, provided an update today on its Environmental, Social, and Governance (“ESG”) initiatives. The Company is pleased to announce the upcoming launch of a down payment assistance program for its residents and progress on several key environmental sustainability initiatives. Tricon also released its annual ESG report, a comprehensive review of the Company’s progress towards its ESG commitments in five key priority areas: Our People, Our Residents, Our Impact, Our Governance, and Our Innovation.

“As a leader in single-family rental and a people-first company, we believe it is our duty to be a good corporate citizen and a responsible housing provider,” said Gary Berman, President & CEO of Tricon Residential. “We understand a house is not just a building or an asset, but a home. Tricon’s new industry-leading resident down payment assistance program delivers on our promise of putting our residents first and making home ownership more accessible for those who want to a buy a home. We believe housing is a continuum and that families should have viable options to rent or buy single-family homes.”

“I am also proud to share our progress on a range of environmental sustainability initiatives that are taking our ESG program to new heights, along with a comprehensive account of our 2021 performance in our annual ESG report,” Mr. Berman added. “With this year’s ESG report, we have taken a meaningful step towards expanding our ESG disclosures and metrics to better reflect the extent of our far-reaching ESG program.”

Tricon’s Market-leading Down Payment Assistance Program

Tricon is committed to providing housing options to its residents, including the ability to rent or own a home. Tricon’s market-leading down payment assistance program is a key component of Tricon Vantage, a set of tools and resources to help Tricon’s residents achieve their financial goals and enhance their long-term economic stability.

Under the program, Tricon’s single-family rental residents can qualify for assistance of $5,000 towards a down payment to buy a home of their choice, provided they have been residents of Tricon in good standing for at least five years. The program will be available to qualifying existing residents starting in the fourth quarter of 2022 and will be retroactive to the date of first move-in.

Environmental Sustainability Initiatives

Tricon is pleased to report progress on several sustainability initiatives that demonstrate a clear and dedicated action plan to create a positive long-term impact on the environment:

  • Completed energy efficiency upgrades on 70% of the single-family rental portfolio
  • Deploying rooftop solar across 1,175 newly constructed homes
  • Piloting a Net Zero single-family rental community
  • Targeting LEED Gold certification across 90% of Canadian multi-family portfolio

Details of these initiatives include:

  • Sustainable Renovation Practices: Tricon focuses on a number of high impact sustainability priorities when renovating or turning each home, including: (i) assessing and replacing major mechanical systems with energy-efficient alternatives, including ENERGY STAR®-certified home appliances and energy-efficient HVAC and hot water systems, (ii) installing low-flow faucets and toilets to reduce water consumption, (iii) installing smart thermostats to allow our residents to better control energy use from the heating/cooling of their homes, and (iv) installing natural and eco-friendly materials to reduce the environmental impact of renovation activities. As of year-end 2021, Tricon has installed new appliances, HVAC systems and/or water heaters in over 20,000 homes, representing approximately 70% of its single-family rental portfolio. The combined impact of these renovations results in an estimated annual savings of over 43.5 MWh of energy and nearly 2.0 million gallons of water.
  • Rooftop Solar Deployment: Tricon currently has 1,175 homes slated for construction in six build-to-rent communities throughout California that will be equipped with solar power. Upon completion, these homes will have the capacity to generate a combined 4.5 MW of clean renewable solar energy and are projected to offset 100% of a resident’s average home electricity consumption, resulting in a reduction of approximately 6,570 tons in carbon dioxide emissions per year. In addition, Tricon is piloting solar energy upgrades on select existing homes in the Southwestern U.S. and anticipates expanding this program to several hundred homes over the next year.
  • Net Zero Pilot: Tricon is working in conjunction with a subsidiary of Highland Homes, HHS Residential, its largest build-to-rent partner in Texas, to design a Net Zero pilot community. This community features homes that will generate a below-zero Home Energy Rating System (HERS) Index rating, meaning the homes will be able to generate more energy than they consume over the course of a typical year, resulting in excess clean energy which can be made available for other uses such as electric vehicles and/or contribution to the power grid.
  • Canadian Multi-Family LEED Certification: In Toronto, Tricon’s growing multi-family portfolio of ~4,800 suites under operation or development represents one of the most sustainable, large-scale residential development programs in North America. Over 90% of Tricon’s current development pipeline, encompassing more than 3.9 million square feet of residential space, is targeted to achieve LEED Gold certification. Tricon also proudly supports the Toronto Green Standards (TGS) program, Toronto’s sustainable design performance requirements for new developments. Over 50% of the entire portfolio is meeting or exceeding TGS Tier 2 certification requirements.

2021 ESG Report

Tricon today released its 2021 ESG report. Highlights include:

Our People

  • Certified as a Great Place to Work® for the second year in a row through multiple programs that support employee well-being and engagement.
  • Supported employee career goals and professional development through the launch of Tricon Academy, which enabled over 10,000 hours of leadership and technical skills training.
  • Developed a Diversity, Inclusion and Belonging (“DIB”) Roadmap and formed a DIB Council to create an inclusive and respectful workplace culture, champion employee action, and measure impact.
  • Hired 511 new employees in 2021, of which 61% identified as Black, Indigenous and people of color (BIPOC) and 39% identified as female.

Our Residents

  • Introduced Tricon Vantage, a market-leading program aimed at providing Tricon’s residents with tools and resources to set financial goals and enhance their long-term economic stability. This includes a resident down payment assistance program, which provides qualifying residents with down payment assistance to buy a home.
  • Continued to deliver an exceptional resident experience, reflected in Tricon’s 4.5-star Google rating and record-low resident turnover rate of 19.7% in 2021.

Our Impact

  • Invested over $68 million in energy efficiency measures, covering nearly 70% of Tricon’s single-family rental homes.
  • Launched a pilot study for net-zero homes, including solar power installations, insulation upgrades, and electric vehicle charging stations.
  • Targeting LEED Gold certification across 90% of the current Canadian multi-family development portfolio, representing nearly 3.9 million square feet of residential space.

Our Governance

  • Reached the Board of Directors gender diversity standards of 30% Club Canada.
  • Signed onto the BlackNorth CEO initiative pledge, joining Canada’s largest businesses in this united commitment to counter systemic anti-Black racism, and met our public commitment to fostering leadership diversity.
  • Completed inaugural GRESB submission and became a signatory to the United Nations-supported Principles for Responsible Investment.

Our Innovation

  • Launched proprietary Innovation Lab at Tricon’s operational headquarters, focused on turning emerging technologies and resident insights into new service offerings and operational improvements.
  • Expanded Intelligent Virtual Agent (IVA) technology to facilitate maintenance requests as well as leasing activities at Tricon’s centralized call center.
  • Expanded TriPOD, Tricon’s proprietary customer relationship management platform, to the multi-family portfolio to enhance service delivery and operational efficiency.

Additional details about Tricon’s ESG goals and progress, and our 2021 ESG Report, can be found in the Sustainability section of Tricon’s website at www.triconresidential.com.

About Tricon Residential Inc.

Tricon Residential Inc. is an owner and operator of a growing portfolio of approximately 39,000 single-family rental homes and multi-family rental apartments in the United States and Canada with a primary focus on the U.S. Sun Belt. Our commitment to enriching the lives of our residents and local communities underpins Tricon’s culture and business philosophy. We strive to continuously improve the resident experience through our technology-enabled operating platform and innovative approach to rental housing. At Tricon Residential, we imagine a world where housing unlocks life’s potential. For more information, visit www.triconresidential.com.

*  *  *

This news release contains information regarding expected future initiatives and outcomes which reflect the Company’s current expectations and intentions but are subject to change. It also contains environmental performance metrics derived from publicly available information which the Company believes to be accurate but has not independently verified.

Resident qualification for the down payment assistance program and the details of their participation are subject to further terms and conditions established by the Company.

Contacts

Investors

Wissam Francis

EVP & Chief Financial Officer

Wojtek Nowak

Managing Director, Capital Markets

Email: investorsupport@triconresidential.com

Media

Tara Tucker

Vice President, Communications

Email: ttucker@triconresidential.com

Vicinity Energy Recognized for Industry Growth by the International District Energy Association

June 9, 2022 By Business Wire

International District Energy Association recognizes Vicinity’s growth in servicing buildings in Boston, Cambridge, and Baltimore

TORONTO–(BUSINESS WIRE)–#BOSpoli—Vicinity Energy has been recognized by the International District Energy Association (IDEA) for the growth of its services in Baltimore, Boston, and Cambridge.


The annual award highlights industry growth, recognizing the district energy systems with the largest total number of buildings and building area in square feet committed or recommitted to district energy service by IDEA member systems. In the “Number of Buildings Committed” category, Vicinity’s Boston-Cambridge system received the Gold award, and its Baltimore system received the Bronze award. The company was also recognized for “Total Building Area Committed,” with its Boston and Cambridge system and Baltimore system winning the Silver and Bronze awards, respectively.

With a commitment to achieve net zero carbon emissions by 2050, Vicinity is actively working towards electrifying its district energy systems in Boston and Cambridge, with its other districts to follow.

The company’s multi-pronged decarbonization and electrification plan includes the installation of innovative technologies such as electric boilers, industrial-scale heat pumps, and thermal batteries. As a key part of this strategy, Vicinity Energy announced the launch of eSteam™, the first-ever carbon-free energy product powered by renewable energy.

“We are honored to be recognized by the IDEA community and value the trust that our long-term and new customers have in our teams. We are excited about the opportunity to continue district energy’s long history of innovation to propel our cities towards a clean energy future,” said Brian Mueller, chief development officer for Vicinity Energy. “We are especially thrilled that the decarbonization efforts we are making at our central facility in Cambridge, Mass. will immediately affect all the buildings we serve in lowering carbon emissions in our neighborhoods and cities.”

To read more about Vicinity’s district energy systems and its commitment to innovation and the environment, click here.

About Vicinity Energy

Vicinity Energy is a clean energy company that owns and operates the nation’s most extensive portfolio of district energy systems. Vicinity produces and distributes reliable, clean steam, hot water, and chilled water to over 230 million square feet of building space nationwide. Vicinity is committed to achieving net zero carbon across its portfolio by 2050. Vicinity continuously invests in its infrastructure and the latest technologies to accelerate the transition and rapidly decarbonize commercial and institutional buildings in city centers. For more information about Vicinity’s Clean Energy Future commitment, visit www.vicinityenergy.us.

Contacts

Media
Sara DeMille

Senior Director of Marketing and Communications

857 557 7838

media@vicinityenergy.us

Real Matters Announces Renewal of Normal Course Issuer Bid

June 9, 2022 By Business Wire

TORONTO–(BUSINESS WIRE)–Real Matters Inc. (“Real Matters” or the “Company”) (TSX: REAL) today announced that it has received approval from the Toronto Stock Exchange (“TSX”) to renew its Normal Course Issuer Bid for a 12-month period commencing June 13, 2022 and ending June 12, 2023 (the “NCIB”). Under the NCIB, the Company may purchase for cancellation up to 6 million common shares in its capital (being approximately 8.5% of the 70,176,108 common shares in the public float as at May 31, 2021) for an aggregate purchase price not to exceed C$40 million.

The Company believes that, at times, the prevailing share price for its common shares does not reflect its underlying value such that the purchase of common shares for cancellation represents an attractive opportunity to return value to the Company’s common shareholders.

As at May 31, 2022, the Company had 75,331,445 common shares issued and outstanding. Subject to certain prescribed exceptions, daily purchases under the NCIB will be limited to a maximum of 99,319 common shares, which is 25% of the average daily trading volume of the Company’s common shares for the six months ended May 31, 2022 (being 397,279 common shares).

Real Matters previously approved NCIB (the “Current NCIB”) commenced on June 11, 2021 and will expire on June 10, 2022, or such earlier date as the Company has acquired 7,648,999 common shares or spent C$70 million. Since commencement of the Current NCIB, Real Matters has purchased for cancellation 7,167,856 common shares through the facilities of the TSX and alternative Canadian trading systems at a weighted average price of C$8.98. Since the inception of the Company’s first NCIB on June 11, 2018, the Company has acquired a total of 19,196,965 common shares at a weighted average price of C$10.68.

Purchases under the NCIB will continue to be made through the facilities of the TSX and alternative Canadian trading systems at the prevailing market price at the time of acquisition. The actual number of common shares purchased by the Company under the NCIB and the timing of such purchases will be determined by the Company. All common shares purchased by the Company will be cancelled.

The Company has entered into an automatic share purchase plan (the “Plan”) with National Bank Financial Inc. to allow for the purchase of common shares under the NCIB at times when the Company would not ordinarily be active in the market due to its own internal trading blackout periods, insider trading rules or otherwise. Any purchases made under the Plan will be based on a pre-arranged set of criteria determined by the Company.

FORWARD-LOOKING INFORMATION

This press release contains “forward-looking information” within the meaning of applicable Canadian securities laws, including statements relating to the Company’s belief regarding the intrinsic value of its common shares. Words such as “could”, “forecast”, “target”, “may”, “will”, “would”, “expect”, “anticipate”, “estimate”, “intend”, “plan”, “seek”, “believe”, “likely” and “predict” and variations of such words and similar expressions are intended to identify such forward-looking information, although not all forward-looking information contains these identifying words.

The forward-looking information in this press release includes statements which reflect the current expectations of management based on information currently available to management. Although the Company believes that these expectations are reasonable, these statements by their nature involve risks and uncertainties and should not be read as a guarantee of the occurrence or timing of any future events, performance or results. A comprehensive discussion of the factors which could cause results or events to differ from current expectations can be found in the “Risk Factors” section of our Annual Information Form for the year ended September 30, 2021, which is available on SEDAR at www.sedar.com.

Readers are cautioned not to place undue reliance on the forward-looking information, which reflect our expectations only as of the date of this press release. Except as required by law, we do not undertake to update or revise any forward-looking information, whether as a result of new information, future events or otherwise.

About Real Matters

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

Contacts

For more information:
Lyne Beauregard

Vice President, Investor Relations and Corporate Communications

Real Matters

lbeauregard@realmatters.com
416.994.5930

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