The housing market has missed the technology wave of the past few decades. But tight supply/demand and affordability concerns following the pandemic are leading to increasing PropTech solutions that drive efficiency throughout the real estate transaction.

NEW YORK–(BUSINESS WIRE)–Citi today released a new Citi Global Perspectives & Solutions (Citi GPS) report in its Home of the Future series that takes another look at the housing market. Home of the Future: PropTech – Towards a Frictionless Housing Market? covers the emergence of PropTech, or fintech for real estate, in the U.S. housing market.

Home listings went online back in the mid-2000s with the launch of Zillow and that information was opened up to the broader public versus being walled off through protected subscriptions for realtors only. However, other parts of buying a house, such as getting a mortgage or title insurance – is ripe for disruption still.

“The process of buying a house is pretty painful with the large amount of paperwork. And while some frictions in the buying process are healthy, there is a big opportunity to streamline things,” noted Roger Ashworth, Head of U.S. Non-Agency MBS Strategy. “That’s where PropTech comes in – to look for those efficiencies in the market.”

Tech advancements in housing finance operations (e.g., mortgage origination, title insurance) are opening up ways to reduce paperwork and drive efficiency. Meanwhile, blockchain technologies could introduce further innovation, such as through smart contracts and the tokenization of real estate assets.

Other important notes the report covers on the move towards a frictionless housing market are:

• Innovation is happening in terms of business models as well, with the rise of home equity investment contracts, iBuyers (a company that uses technology to make an offer on your home instantly) and institutional single-family rentals (SFRs).

• Home equity investment contracts could deliver double-digit returns for co-investors of a property, while at the same time helping consumers tap some of the record-high equity in the housing market.

• iBuyers purchase homes for resale and offer a variety of services to home sellers from offer pricing to renovating.

• Institutional single-family rentals (SFRs) make up three percent of the SFR market and are poised for growth.

The report serves as a resource for others based on how Citi sees opportunities for advancement in the housing market with the support of tech advancements and investments.

About Citi:

Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management. Additional information may be found at www.citigroup.com | Twitter: @Citi | YouTube: www.youtube.com/citi | Blog: http://blog.citigroup.com | Facebook: www.facebook.com/citi | LinkedIn: www.linkedin.com/company/citi.

Contacts

Media:
Susannah Gullette – Citi Research

susannah.gullette@citi.com

With Avetta One implementation, QuadReal gains greater supply chain visibility, deepens vendor relationships and improves insurance compliance

OREM, Utah & HOUSTON–(BUSINESS WIRE)–#riskmanagement—Avetta®, the leading provider of supply chain risk management (SCRM) software, has partnered with QuadReal Property Group to enhance the company’s Code of Conduct & Ethics data collection through the Avetta One™ platform. This partnership has offered QuadReal a new tool for relationship building and greater visibility into its supply chain operations, allowing for automated data collection and increased risk management.

The Avetta One™ Platform is a single-source solution for managing operational, reputational and regulatory compliance risks. The platform reduces safety, liability, sustainability, workforce, cybersecurity and financial risks for corporations, suppliers, contractors and their workers.

Avetta One delivers an unprecedented view of risks through multi-risk analytics, supplier risk trends and supplier performance benchmarking. The platform uses almost two decades of data from millions of collected data points to provide real-time views on risks and delivers alerts on deviations from baseline measures. The analytics software includes customizable, interactive dashboards to gain insights that help build supply chain confidence.

With Avetta One prequalification, clients like QuadReal are assured contractors meet all compliance and regulatory requirements, including documentation of contractors’ skills and credentials. Avetta One provides additional insights into contractors’ safety data, insurance status and service offerings. For insurance, Avetta One provides a full-scale view of the various insurance types suppliers use, as well as their levels of coverage. Insurance coverage is automatically verified every year.

“When vendors achieve compliance with our requirements through the Avetta platform, we are confident in the quality and completeness of the information they share with us,” said Nada Sutic, vice president, programs & policy at QuadReal. “The Avetta One platform has automated a previously manual, time-consuming process, allowing my team to efficiently ensure we have all the necessary information prior to doing business.”

Avetta One provides clients with a quick and comprehensive look into the potential vendor community, a feature which has empowered QuadReal to make timely, educated decisions for onboarding new contractors. With the benefit of this tool, the QuadReal team will continue to build deeper, mutually beneficial relationships with the vendor community.

“Avetta has been a very solid and attentive partner to QuadReal,” Sutic said. “While building out our implementation process, we worked very closely to configure it to meet our specific needs. When we had situations where things turned out differently than expected, the Avetta team quickly addressed the situation. They were always ready to collaborate and find the best solution to move forward—for us and for our suppliers.”

For more information about the QuadReal/Avetta One Implementation, please visit here.

About QuadReal Property Group

QuadReal Property Group is a global real estate investment, operating and development company headquartered in Vancouver, British Columbia. Its assets under management total $67.1 billion. From its foundation in Canada as a full-service real estate operating company, QuadReal has expanded its capabilities to invest in equity and debt in both the public and private markets. QuadReal invests directly, via programmatic partnerships and through operating companies in which it holds an ownership interest. QuadReal seeks to deliver strong investment returns while creating sustainable environments that bring value to the people and communities it serves. Now and for generations to come.

QuadReal: Excellence lives here.

www.quadreal.com

For more information about the QuadReal/Avetta One Implementation, please visit here.

About Avetta

The Avetta SaaS platform helps clients manage supply chain risk and their suppliers to become more qualified for jobs. For hiring clients in our network, we offer the world’s largest supply chain risk management network to manage supplier safety, sustainability, worker competency and performance. We perform contractor prequalification and worker competency management across major industries, all over the globe, including construction, energy, facilities, high tech, manufacturing, mining and telecom.

For suppliers in our network, our audit and verification services help lower their safety incidents rate by 29%. As a result, nearly 50% of members find additional job opportunities within the first year of joining. In addition, our suppliers receive privileged access to the Avetta Marketplace, where dozens of partners offer special discounts for business services like insurance and work gear. Avetta serves 500+ enterprise companies and 125,000+ suppliers across 120+ countries.

Visit https://www.avetta.com/ for more information.

Contacts

SnappConner PR

Mark Fredrickson, +1 801-806-0161

mark@snappconner.com

Avetta

Kendra Lamer

kendra.lamer@avetta.com

Orlando-Based Real Estate Team to be Led by Founder Ken Pozek

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

The Pozek Group has a team of 17 agents who will be joining Real. The Pozek Group was founded by Ken Pozek in 2016. Starting in Michigan and eventually relocating to Florida, Pozek has been in the real estate industry for more than seventeen years. Over the past 12 months, the group has closed $170 million in transaction volume and has significant goals for the remainder of 2022.

“I think we have a unique opportunity to grow something with Real, which is attracting some of the most highly respected people in the industry,” said Ken Pozek. “The revenue share and equity awards are also great incentives. I like knowing that I can add that to my agents’ toolbox, while helping them grow independently and as part of our team.”

“We are happy to welcome The Pozek Group to the Real family,” said Real Chairman and Chief Executive Officer Tamir Poleg. “Florida is a big market for us, and we have seen significant growth in the Orlando area. To have Ken and his team join Real will only increase our footprint in the area, and we look forward to working with them to serve even more buyers and sellers in the state.”

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 The Pozek Group joining Real, and the business and strategic plans of Real.

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

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

Contacts

The Real Brokerage Inc.

Elisabeth Warrick

elisabeth@therealbrokerage.com

Investors:

Jason Lee

Vice President, Capital Markets & Investor Relations

investors@therealbrokerage.com
908-280-2515

The combination creates a converged services powerhouse serving approximately 7,000 properties representing over 900,000 rooms

HOUSTON–(BUSINESS WIRE)–World Cinema, Inc. (“WCI”), a leader in deploying and serving property technology for over forty years, today announced it has entered an agreement to acquire Ohio-based Hospitality WiFi LLC, a global leader in delivering Internet Protocol-based wired and wireless networking experiences to the hospitality industry. The combination creates the most customer-centric, well-rounded, and qualified technology services partner for brands, owners, and managers in the institutional real estate industry.

Hospitality WiFi was formed over 21 years ago to satisfy the then-emerging need for hotels to add Wi-Fi connectivity to their guest experiences. Growing to over 2,800 properties on over 5 continents, they have been instrumental in satisfying the growing needs of guest connectivity.

The two companies share the commitment to delivering customer-centric solutions. The promise of both companies is to deliver every time, with no exceptions. The combination is a catalyst to deliver convergence of in-room entertainment, seamless wireless networking experiences, and transformative connected applications like digital signage, smart building, and common area video intelligence services. By maintaining cost leadership and high levels of customer satisfaction, this partnership can increase financial returns for clients by improving top-line occupancy and RevPAR and increasing income by adding operating efficiencies.

Tommy Fatjo, President of World Cinema, said, “A real attraction to Hospitality WiFi is the team and their attitude towards their customers. It’s the same culture that has allowed World Cinema to deliver substantial organic growth and success over the past four decades. This is the beginning of a powerful combination which will deliver benefits to our clients and create opportunities for the employees and loyal partners of each company. We are excited to build the future of property technology together.”

Jason Szuch, President and Chief Executive Officer of Hospitality WiFi, said, “When I founded Hospitality WiFi in 2001, we had a vision to be the number one choice of hotel owners and brands. I’m so proud Hospitality WiFi is joining World Cinema, a company that is known for its long successful track record of delivering hospitality technology services to some of the largest properties and enterprises in the U.S. I’m looking forward to taking our customers to the next level with the combination of our two companies.”

About World Cinema, Inc.

World Cinema, Inc. (WCI) is a trusted provider of video, advanced connectivity and professional services to properties and enterprises across the U.S., Canada, Mexico and the US Virgin Islands. With a dedication to customer service, WCI is leading the way in delivering innovative technology solutions that enhance the resident, guest, and staff experience. From managed services to digital transformation, WCI is a single point of contact for all a property’s technology needs.

Founded in 1974, WCI is a privately held company headquartered in Houston, Texas. The company serves over 7,000 properties with nearly 900,000 rooms under management.

For more information, visit www.wcitv.com

About Hospitality WiFi

Hospitality WiFi (HWF) has been providing guest WiFi and other services since 2001. With the goal of offering a better guest experience for hospitality properties, MDUs, restaurants, offices, and other locations on multiple continents, HWF designs, installs, and supports wired and wireless networks, including site surveys, equipment selection and purchase, installation, and ongoing maintenance and management. HWF’s expertise with converged networks enables simplified management and an improved customer experience, with services including:

• HSIA/WiFi Managed Solutions
• 24x7x365 Guest Support
• Voice, Video, and Data Solutions for Communications and Guest Entertainment

For more information, please visit www.hospitalitywifi.com

Transaction Details

This transaction is subject to customary closing requirements. Derick Schaudies led the TI Partners team as exclusive financial advisors to Hospitality WiFi.

Contacts

World Cinema

Ella Steele

Esteele@onewci.com

Hospitality WiFi

Melanie Swiderek

Melanie@hospitalitywifi.com

TORONTO–(BUSINESS WIRE)–Real Matters Inc. (“Real Matters”), a leading network management services provider for the mortgage lending and insurance industries, will announce its third quarter financial results via news release on Thursday, July 28, 2022, before market open.

Conference Call and Webcast

A conference call to review the results will take place at 10:00 a.m. (ET) on Thursday, July 28, 2022, hosted by Chief Executive Officer Brian Lang and Chief Financial Officer Bill Herman. An accompanying slide presentation will be posted to the Investor Relations section of our website shortly before the call.

To access the call:

• Participant Local (Toronto): (416) 764-8642
• Participant Toll Free Dial-In Number: (888) 884-4523
• Conference ID: 06369257

To listen to the live webcast of the call:

• Go to: https://event.on24.com/wcc/r/3289729/987639711E9D3634B46A182AA69D31EE

The webcast will be archived and a transcript of the call will be available in the Investor Relations section of our website following the call.

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

Lyne Beauregard

Vice President, Investor Relations and Corporate Communications

Real Matters

lbeauregard@realmatters.com
416.994.5930

VAUGHAN, Ontario–(BUSINESS WIRE)–Ground has been broken for Vincent Condominums, a 766-unit, two-tower condominium, following an impressive 8-month selling program.

Vincent is among the largest condominium projects currently underway in the GTA. This makes the extremely fast market absorption a notable accomplishment, and a vote of confidence in the building, the developers and its location in the new VMC.

The celebration was officiated by Vaughan’s Mayor Maurizio Bevilacqua, Councillor Sandra Yeung-Racco and representatives of the builder/developer.

Hon. Maurizio Bevilacqua, P.C., Mayor, City of Vaughan said, “I am pleased to welcome Vincent Condominiums to the Vaughan Metropolitan Centre (VMC), the city’s dynamic downtown core. The VMC continues to rise to new and unprecedented heights, growing well beyond projected growth rates at 267 per cent. The heart of Vaughan’s downtown is home to several transformational projects, including the VMC Subway, high-rise towers, and commercial office buildings, which have created thousands of jobs, public art projects and community event spaces. As a result, Vaughan is outpacing national, provincial and regional growth rates with real GDP growth at 7 per cent. Since 2010, the city has issued more than $15 billion in building permits and 70,000 additional jobs have been created. I want to congratulate the development team of Rosehaven Homes, Townwood Homes and Guglietti Brothers Investments and express my sincerest gratitude for their meaningful city-building contributions. By making investments, creating jobs and giving back to the community, you are making a positive difference and demonstrating the spirit of generosity that radiates in Vaughan.”

Created by an impressive development team of Rosehaven Homes, Townwood Homes and Guglietti Brothers investments, each of these companies is owned by members of the extended Guglietti family, a group with a long history of building and development in Vaughan, and across the GTA. With Vincent, the project’s name, and the vision behind it, was more than business. Vincent is an expression of their family history.

Spokesman Silvio Guglietti said, “For the Guglietti family, the Official Groundbreaking of Vincent has a very personal importance to us. The Guglietti family came to Canada from a little town in Italy called Sora, just outside Rome in Lazio. It’s actually the twin-city of Vaughan. In our town, the small church that our family belonged to was San Vincenzo Ferreri, or Saint Vincent Ferrer. And our grandfather, the man we are all descended from was named Vincent, or Vincenzo, after this saint.”

To create this new landmark condominium community, the Guglietti family were committed to choosing a world-class team of consultants to complement their own extensive internal resources.

“Kirkor Architects brought us a striking, extraordinary architectural design,” says Guglietti. “Figur3 has taken the designs to a whole new level with their stylish and elegant interiors. And In2ition Realty, our sales brokerage and McOuat Partnership, our marketing firm, have delivered us a sold-out condominium project.”

Located near Jane St. and Hwy 7, the Vaughan Metropolitan Centre is a new financial, innovation and cultural centre. Major corporations, retailers, small businesses and other industries are located in the VMC, as it is a major transit hub with direct subway connections to York University and downtown Toronto as well as VIVANEXT and local bus routes across Vaughan and Richmond Hill.

For more information on The Vincent, visit TheVincent.ca

About Rosehaven Homes

Since 1992, Rosehaven Homes has created many exciting communities, built over 9,000 exceptional homes and condos and received numerous prestigious accolades and awards. From detached homes, semis and townhomes to mid-rise and high-rise condos, we have designed and built homes of all types for all kinds of people, in all walks of life. Our architecture ranges in style from the traditional to the contemporary, yet every Rosehaven home stands out distinctively in every community.

Our most recent successes in condos such as the Randall Residences, Mount Pleasant Urban Towndominiums, Affinity, Odyssey and KiWi clearly signify our strengths in contemporary urban design, our keen eye for cosmopolitan culture and our ability to deliver exceptional residences tailored to today’s vibrant, modern, sophisticated tastes and aspirations.

About Townwood Homes

Established in 1974 with over 45 years of experience in the home-building industry, building more than 15,000 homes throughout southern Ontario, Townwood communities have stood the test of time. Our homes are built with integrity and longevity, featuring distinct architectural styles, spacious open concepts and formal designs while consistently maintaining the combination of luxury and ease throughout. Every Townwood community be it low rise or condo sets the standard for quality and innovation throughout neighbourhoods in the GTA.

About Guglietti Brothers Investments

Guglietti Brothers Investments Limited is a real estate investment company which was established in 1972. Principals Giovanni, Carmine, Tony and their families have maintained primary investments in industrial/commercial, land development, low-rise new home and now high-rise condominium development. The company has the highest community and professional reputation, always practising important values of professionalism, good work ethics and integrity. The company has and continues to support numerous hospitals, charities, public retirement centres and churches since its inception.

Contacts

Media Contact:

Carol King
Senior Account Executive
McOuat Partnership

Cell: 905-903-9059

carol@partnership.ca

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

TORONTO–(BUSINESS WIRE)–#valueforgenerations–Choice Properties Real Estate Investment Trust (“Choice Properties” or the “Trust”) (TSX: CHP.UN) announced today that it has completed its previously announced issuance, on a private placement basis in certain Provinces of Canada (the “Offering”), of $500 million aggregate principal amount of series R senior unsecured debentures of the Trust bearing interest at a rate of 6.003% per annum and maturing on June 24, 2032 (the “Debentures”).

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.

DBRS Morningstar has provided the Debentures with a credit rating of “BBB” (high) with a “stable” trend and S&P Global Ratings has provided the Debentures with a credit rating of “BBB”. The Debentures rank equally with all other unsecured indebtedness of the Trust that has not been subordinated.

The Debentures were sold 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. The Debentures 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 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

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

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

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

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

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