TORONTO–(BUSINESS WIRE)–Slate Office REIT (TSX: SOT.UN) (the “REIT”), an owner and operator of office real estate, announced today that the Q4 2021 earnings call transcript and investor update are now available on the REIT’s website and can be accessed by visiting the following links:

• Slate Office REIT – Q4 2021 earnings call transcript
• Slate Office REIT – Q4 2021 investor update

About Slate Office REIT (TSX: SOT.UN)

Slate Office REIT is an owner and operator of office real estate. The REIT owns interests in and operates a portfolio of strategic and well-located real estate assets in North America and Europe. A majority of the REIT’s portfolio is comprised of government or high-quality credit tenants. The REIT acquires quality assets at a discount to replacement cost and creates value for unitholders by applying hands-on asset management strategies to grow rental revenue, extend lease term and increase occupancy. Visit slateofficereit.com to learn more.

About Slate Asset Management

Slate Asset Management is a global alternative investment platform targeting real assets. We focus on fundamentals with the objective of creating long-term value for our investors and partners. Slate’s platform has a range of real estate and infrastructure investment strategies, including opportunistic, value add, core plus, and debt investments. We are supported by exceptional people and flexible capital, which enable us to originate and execute on a wide range of compelling investment opportunities. Visit slateam.com to learn more.

Forward-Looking Statements

Certain information herein constitutes “forward-looking information” as defined under Canadian securities laws which reflect management’s expectations regarding objectives, plans, goals, strategies, future growth, results of operations, performance, business prospects and opportunities of the REIT. The words “plans”, “expects”, “does not expect”, “scheduled”, “estimates”, “intends”, “anticipates”, “does not anticipate”, “projects”, “believes”, or variations of such words and phrases or statements to the effect that certain actions, events or results “may”, “will”, “could”, “would”, “might”, “occur”, “be achieved”, or “continue” and similar expressions identify forward-looking statements. Such forward-looking statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations.

Forward-looking statements are necessarily based on a number of estimates and assumptions that, while considered reasonable by management as of the date hereof, are inherently subject to significant business, economic and competitive uncertainties and contingencies. When relying on forward-looking statements to make decisions, the REIT cautions readers not to place undue reliance on these statements, as forward-looking statements involve significant risks and uncertainties and should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether or not the times at or by which such performance or results will be achieved. A number of factors could cause actual results to differ, possibly materially, from the results discussed in the forward-looking statements. Additional information about risks and uncertainties is contained in the filings of the REIT with securities regulators.

SOT-FR

Contacts

Investor Relations

+1 416 644 4264

ir@slateam.com

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 Q4 2021 earnings call transcript and investor update are now available on the REIT’s website and can be accessed by visiting the following links:

• Slate Grocery REIT – Q4 2021 earnings call transcript
• Slate Grocery REIT – Q4 2021 investor update

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 everyday needs. The REIT’s resilient grocery-anchored portfolio and strong credit tenants provide unitholders with durable cash flows and the potential for capital appreciation over the longer term. Visit slategroceryreit.com to learn more about the REIT.

About Slate Asset Management

Slate Asset Management is a global alternative investment platform targeting real assets. We focus on fundamentals with the objective of creating long-term value for our investors and partners. Slate’s platform has a range of real estate and infrastructure investment strategies, including opportunistic, value add, core plus, and debt investments. We are supported by exceptional people and flexible capital, which enable us to originate and execute on a wide range of compelling investment opportunities. Visit slateam.com to learn more.

Forward-Looking Statements

Certain information herein constitutes “forward-looking information” as defined under Canadian securities laws which reflect management’s expectations regarding objectives, plans, goals, strategies, future growth, results of operations, performance, business prospects and opportunities of the REIT. The words “plans”, “expects”, “does not expect”, “scheduled”, “estimates”, “intends”, “anticipates”, “does not anticipate”, “projects”, “believes”, or variations of such words and phrases or statements to the effect that certain actions, events or results “may”, “will”, “could”, “would”, “might”, “occur”, “be achieved”, or “continue” and similar expressions identify forward-looking statements. Such forward-looking statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations.

Forward-looking statements are necessarily based on a number of estimates and assumptions that, while considered reasonable by management as of the date hereof, are inherently subject to significant business, economic and competitive uncertainties and contingencies. When relying on forward-looking statements to make decisions, the REIT cautions readers not to place undue reliance on these statements, as forward-looking statements involve significant risks and uncertainties and should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether or not the times at or by which such performance or results will be achieved. A number of factors could cause actual results to differ, possibly materially, from the results discussed in the forward-looking statements. Additional information about risks and uncertainties is contained in the filings of the REIT with securities regulators.

SGR-FR

Contacts

Investor Relations

+1 416 644 4264

ir@slateam.com

LADERA RANCH, CALIF.–(BUSINESS WIRE)–SmartStop Self Storage REIT, Inc. (“SmartStop” or the “Company”), a self-managed and fully-integrated self storage company, and Strategic Storage Growth Trust II, Inc. (“SSGT II”), a private REIT sponsored by an indirect subsidiary of SmartStop, announced today that the companies have entered into a definitive agreement to merge in an all-stock transaction, in which SSGT II will merge into a newly-formed subsidiary of SmartStop. The combined company will have a combined portfolio of 150 wholly-owned operating properties, representing approximately 11.5 million net rentable square feet and 100,500 units. This transaction will allow the combined company to, among other things, achieve further economies of scale and potentially create greater value as it takes advantage of the benefits of a larger aggregate portfolio.

Per the merger agreement, SmartStop will acquire all of the real estate owned by SSGT II, consisting of 10 wholly-owned operating self storage facilities located across seven states, an interest in one operating property held through an unconsolidated joint venture with an unaffiliated third party and two properties in various stages of development that are held through an unconsolidated joint venture with an unaffiliated third party. The total SSGT II operating portfolio, including the operating joint venture property, currently represents approximately 8,500 self storage units and 900,000 net rentable square feet. Additionally, the Company will obtain SSGT II’s interest in one parcel of land being developed into a self storage facility in an unconsolidated joint venture with an unaffiliated third party, as well as SSGT II’s rights to acquire a property located in Southern California.

“We are excited to announce this transaction and look forward to combining the high-quality assets in the SSGT II portfolio with SmartStop’s existing portfolio,” said H. Michael Schwartz, Chairman and Chief Executive Officer of SmartStop. “With this merger, the combined company will be better positioned to recognize expense efficiencies and aggregate size and scale for the future. Since all of the SSGT II portfolio is already branded as SmartStop® Self Storage, there will be total continuity of operations throughout the process.”

Under the terms of the agreement, SSGT II stockholders will receive 0.9118 shares of SmartStop common stock for each share of SSGT II common stock they own. This exchange ratio represents an increase of 37 percent above SSGT II’s most recent offering price, when using SmartStop’s most recent estimated NAV of $15.08 per share. The transaction values SSGT II’s real estate assets at approximately $280 million, based on September 30, 2021 share counts and debt principal balances outstanding, and using the agreed exchange ratio and SmartStop’s estimated NAV per share of $15.08. Upon completion of the transaction, existing SmartStop stockholders will own approximately 79% of the combined company, SSGT II stockholders will own approximately 11%, and management will own approximately 10%, based on SmartStop and SSGT II’s share and operating partnership unit counts as of September 30, 2021.

The merger is expected to close during the first half of 2022. The merger agreement provides SSGT II a 30-day go shop period, during which SSGT II (through the board of directors of SSGT II and its representatives and advisors) may solicit alternative acquisition proposals from third parties as described in the merger agreement. Additional information regarding the merger and the merger agreement can be found in the Form 8-K filed by SmartStop with the Securities and Exchange Commission on February 24, 2022.

Suspension of Distribution Reinvestment Plan

In connection with the signing of the merger agreement, SSGT II temporarily suspended its distribution reinvestment plan (“DRP”), and will proceed paying all future distributions in cash, beginning with February’s declared distribution. There has been no change to the amount or frequency of SSGT II distributions.

Advisors

Robert A. Stanger & Company, Inc. serves as financial advisor and Venable LLP serves as legal counsel to the SmartStop special committee, while Nelson Mullins Riley & Scarborough LLP serves as legal counsel to SmartStop. KeyBanc Capital Markets Inc. serves as financial advisor and Bass, Berry & Sims PLC and Shapiro Sher Guinot & Sandler, P.A. serve as legal counsel to the SSGT II board of directors.

About SmartStop Self Storage REIT, Inc. (SmartStop)

SmartStop is a self-managed REIT with a fully integrated operations team of approximately 420 self storage professionals focused on growing the SmartStop® Self Storage brand. SmartStop, through its indirect subsidiary SmartStop REIT Advisors, LLC, also sponsors other self storage programs. As of February 23, 2022, SmartStop is one of the largest self storage companies in North America, with an owned and managed portfolio of 163 properties in 19 states and Ontario, Canada and comprising approximately 111,000 units and 12.6 million rentable square feet. SmartStop and its affiliates own or manage 19 operating self storage properties in the Greater Toronto Area, which total approximately 16,200 units and 1.7 million rentable square feet. Additional information regarding SmartStop is available at www.smartstopselfstorage.com.

About Strategic Storage Growth Trust II, Inc.

SSGT II focuses on opportunistic self storage properties. SSGT II wholly owns 10 self storage facilities comprising approximately 7,700 self storage units and 850,000 net rentable square feet of storage space, as well as one operating property in a joint venture in the Greater Toronto Area with SmartCentres REIT, one of the largest real estate investment trusts in Canada.

Additional Information and Where to Find It

In connection with the proposed Merger, SmartStop intends to file a registration statement on Form S-4 with the SEC that will include a proxy statement of SSGT II and will also constitute a prospectus of SmartStop. SSGT II intends to mail or otherwise provide to its stockholders the proxy statement/prospectus and other relevant materials, and hold a meeting of its stockholders to obtain the requisite stockholder approval of the Merger. BEFORE MAKING ANY VOTING DECISION, SSGT II’S STOCKHOLDERS ARE URGED TO READ THE PROXY STATEMENT/PROSPECTUS IN ITS ENTIRETY WHEN IT BECOMES AVAILABLE AND ANY OTHER DOCUMENTS FILED WITH THE SEC IN CONNECTION WITH THE PROPOSED MERGER OR INCORPORATED BY REFERENCE THEREIN BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED MERGER AND THE PARTIES TO THE PROPOSED MERGER. Investors and security holders may obtain a free copy of the proxy statement/prospectus and other documents that SmartStop files with the SEC (when available) from the SEC’s website at www.sec.gov and SmartStop’s website at https://strategicreit.com/site/sst2. In addition, the proxy statement/prospectus and other documents filed by SmartStop with the SEC (when available) may be obtained from SmartStop free of charge by directing a request to the following address: SmartStop Self Storage REIT, Inc., Attention: Nicholas M. Look, 10 Terrace Road, Ladera Ranch, California 92694, or by calling (877) 327-3485.

No Offer or Solicitation

This communication does not constitute an offer to sell or the solicitation of an offer to buy or sell any securities or a solicitation of a proxy or of any vote or approval. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the U.S. Securities Act of 1933, as amended. This communication may be deemed to be solicitation material in respect of the proposed Merger.

Participants in Solicitation Relating to the Merger

SmartStop and SSGT II and their respective directors and executive officers, as well as SS Growth Advisor II, LLC, may be deemed, under SEC rules, to be participants in the solicitation of proxies from SSGT II’s stockholders with respect to the proposed Merger. Security holders can obtain information regarding the names, affiliations and interests of such persons in SmartStop’s proxy statement filed with the SEC on April 15, 2021 or in the proxy statement/prospectus regarding the proposed Merger when it becomes available. Investors may obtain additional information regarding the interests of such participants by reading the proxy statement/prospectus regarding the proposed Merger when it becomes available.

Forward-Looking Statements

Statements about the expected timing, completion and effects of the Merger and the other transactions contemplated by the Merger Agreement and all other statements in this press release and any attachments provided with this press release, other than historical facts, constitute forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements can generally be identified by our use of forward-looking terminology such as “may,” “will,” “expect,” “intend,” “anticipate,” “estimate,” “believe,” “continue,” or other similar words. Readers are cautioned not to place undue reliance on these forward-looking statements and any such forward-looking statements are qualified in their entirety by reference to the following cautionary statements.

All forward-looking statements speak only as of the date hereof and are based on current expectations and involve a number of assumptions, risks and uncertainties that could cause the actual results to differ materially from such forward-looking statements. SmartStop and SSGT II may not be able to complete the proposed transaction on the terms described above or other acceptable terms or at all because of a number of factors, including without limitation, the following: (i) the occurrence of any event, change or other circumstances that could give rise to the termination of the Merger Agreement; (ii) the failure to obtain the approval of SSGT II’s stockholders or the failure to satisfy the other closing conditions to the Merger; (iii) risks related to disruption of management’s attention from the parties’ ongoing business operations due to the transaction; and (iv) the effect of the announcement of the Merger on the ability of the parties to retain and hire key personnel, maintain relationships with their customers and suppliers, and maintain their operating results and business generally.

Actual results may differ materially from those indicated by such forward-looking statements. In addition, the forward-looking statements represent SmartStop’s and SSGT II’s views as of the date on which such statements were made. SmartStop and SSGT II anticipate that subsequent events and developments may cause its views to change. These forward-looking statements should not be relied upon as representing SmartStop’s or SSGT II’s views as of any date subsequent to the date hereof. Additional factors that may affect the business or financial results of SmartStop are described in the risk factors included in SmartStop’s filings with the SEC, including SmartStop’s Annual Report on Form 10-K for the fiscal year ended December 31, 2021, and subsequent Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, copies of which are available on the SEC’s website, www.sec.gov. SmartStop and SSGT II expressly disclaim a duty to provide updates to forward-looking statements, whether as a result of new information, future events or other occurrences.

Contacts

David Corak
VP of Corporate Finance

SmartStop Self Storage REIT, Inc.

949-542-3331

IR@smartstop.com

Canadian design-build development firm will use Procore to take on more projects, enhance safety processes and grow its team

TORONTO–(BUSINESS WIRE)–Procore Technologies Inc. (NYSE: PCOR), a leading global provider of construction management software, today announced that Dexel has selected Procore as its construction management platform.

Dexel, a division of Lawen Group, is a design-build multi-family residential developer that operates exclusively in Halifax. The vision of the family-owned firm is to help shape the future of the Halifax Regional Municipality for generations. Dexel was an early adopter of Building Information Modelling (BIM) in the area and prides itself on using the best technology available.

Some of the point solutions Dexel was using were either no longer being updated or did not fully address the organization’s needs. It also needed a more sustainable way to store, manage, and distribute project documentation that was previously disjointed, difficult to access, and not centralized. Dexel decided to change to a single platform that could integrate with its remaining systems while meeting all of its remaining business, project, and construction requirements.

After a careful evaluation it chose Procore as its unified construction management platform. Dexel was impressed by the extensive and prompt customer support from the company. The thorough assessment period, guided by Procore’s Canadian team, helped demonstrate to Dexel how using a single platform could support its business.

Procore Project Management and Quality & Safety will integrate with some of Dexel’s existing tools, such as Instruction Site and MS Project. The platform will help Dexel share project information more quickly with contractors, enhance its safety processes and grow its 20-person team.

“Procore will help us not just work better as a team but to also take on more projects than we could before,” said Kris Skiba, VP Design and Construction, Dexel. “We’re successful when we’re able to get our contractors the information they need. That’s how the building gets done.”

“Dexel is a local champion of technological innovation in the industry,” said Jas Saraw, Vice President, Canada at Procore. “Its decades-long record of quality developments in and around Halifax speaks for itself. We’re excited to partner with Dexel to continue to raise the bar in the multi-family residential space. As companies like Dexel look to the future, they are recognizing the power of a platform-based approach to technology. This strategy drives increased value from their existing technology footprint while continuing to level up the business with modern, all-encompassing platforms like Procore.”

About Dexel

Dexel, a division of the Lawen Group, is a family-owned design-build development firm located in Halifax, Nova Scotia. Dexel oversees the operations of Dexel Developments Limited and Dexel Architecture, managing all aspects of project development from preliminary design to the final building commissioning and occupancy phase. Dexel’s sister company, Paramount Management (Paramount), provides full-service property management services for Dexel’s mixed-use residential projects throughout Halifax Regional Municipality (HRM). This integrated approach to property development and management ensures that quality control is maintained at every level.

Dexel operates with the vision that their properties will help shape the future of HRM for generations to come. For more information, visit https://dexel.ca/.

About Procore

Procore is a leading global provider of construction management software. Over 1 million projects and more than $1 trillion USD in construction volume have run on Procore’s platform. Procore’s platform connects key project stakeholders to solutions Procore has built specifically for the construction industry—for the owner, the general contractor, and the specialty contractor. Procore’s App Marketplace has a multitude of partner solutions that integrate seamlessly with Procore’s platform, giving construction professionals the freedom to connect with what works best for them. Headquartered in Carpinteria, California, Procore has offices in the United States, Canada and around the globe. Learn more at Procore.com.

Contacts

Steve Gold/Anita Wong

StrategicAmpersand Inc. (on behalf of Procore)

ProcorePR@stratamp.com

TORONTO–(BUSINESS WIRE)–Home Capital Group Inc. (“Home Capital”) (TSX:HCG) and its subsidiary Home Trust Company (“Home Trust” ) announce the closing of a previously disclosed private placement of residential mortgage-backed securities (“RMBS”) issued by Classic RMBS Trust (the “Series 2022-1 Notes” or the “Notes”), a securitization vehicle sponsored by Home Trust. The Series 2022-1 Notes are backed by a portfolio of near-prime, uninsured, residential mortgages and are composed of A, B and Z tranches that aggregate to $500 million.

The A tranche of notes totaling $425 million was sold to accredited investors by a syndicate co-led by BofA Securities, BMO Capital Markets and RBC Capital Markets. The remaining $75 million of Notes, composed of the B and Z tranches, was retained by Home Trust.

The A Tranche is rated AAA(sf) by DBRS and Aaa(sf) by Moody’s. It was priced at a 105 basis point spread over the comparable term Government of Canada bond curve equating to an annual interest rate of 2.63%.

The Series 2022-1 Notes will not be qualified for distribution to the public under the securities laws of any province or territory of Canada and may not be offered or sold in Canada, directly or indirectly, other than pursuant to applicable private placement exemptions. The Notes have not and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act. The Notes are being offered in a private placement, solely to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act, or outside the United States to persons other than “U.S. persons” in compliance with Regulation S under the Securities Act. This press release shall not constitute an offer to sell or the solicitation of an offer to buy the Notes in any jurisdiction, or an offer to purchase. The press release is being issued pursuant to and in accordance with Rule 135c under the Securities Act.

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 and its wholly owned subsidiary, Home Bank, offer deposits via brokers and financial planners, and through a direct-to-consumer deposit brand, Oaken Financial. 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

CALGARY, Alberta–(BUSINESS WIRE)–#albertarealestate–Hope Street Real Estate Corporation, an industry leading tenancy management firm specializing in residential rental management releases Winter 2022 report on Alberta’s private rental markets showing early signs of drastic increases in residential rental rates, decreasing residential vacancy rates, and decreasing DOM (Days on Market).

According to Shamon Kureshi, Hope Street’s President & CEO:

Alberta’s rental markets have begun what appears to be a prolonged incline after nearly a decade of stagnant growth. A perfect storm of contributing factors are working in consort to drive up rental rates, investment property prices, and to drive down effective rental vacancy rates.

No dominant single factor appears to be driving this shift in the rental real estate economy; instead – a perfect storm of smaller factors are working in consort to drive up prices and drive down vacancy rates.

Canadian cross city investors are creating increased demand on the province’s secondary resale markets. Real estate investors from other parts of the country, specifically Toronto and Vancouver are infusing demand and capital into Alberta. Agents within Hope Street’s sales team report that up to 50% of buyer clients reside in Canada’s large centres. House prices within the secondary market are in the midst of pronounced gains, notably a significant portion of recently sold homes had done so quickly, with multiple competing bids, often for $100,000+ above initial listing prices. Many such investor buyers have reported significant inflationary gains in equity within their primary residence from their home cities, but sky high prices for investment real estate in Canada’s larger centres make real estate investments out of reach for many big city homeowners. We believe this to be a leading indicator pointing to equally sizeable gains in the province’s rental markets in the months to come, allowing for existing fixed term lease agreements to mature, then renew at rates consistent with the new market realities.

A pronounced market correction appears to be taking place, further driving up real estate acquisition and rental prices. Notably, Alberta has not seen any significant change in rental rates for the past decade. Inflationary growth in secondary resale markets and rental rates throughout the past 10 years has been negligible at 0.6% gain in real estate sale prices, and -1.6% in rental rates. Notwithstanding; the past decade has seen significant upward pressure on building costs, labor, wood, property taxes, insurance, utilities, etc. which adversely affect Landlord’s expenses with no corresponding increase in rental rates.

We define Accidental Landlords as private homeowners who, after one or more unsuccessful attempts to sell their property, elect to rent it out until market conditions are more favourable for selling. At times in the past decade, as much as 40% of the province’s rental inventory has been provided by Accidental Landlords, who never intended to rent out their properties. The recent trend in the secondary resale market leads homes to sell quickly and often through competing bids which drive up prices, and many of those accidental landlords who have been waiting for the right time to list their rental property for sale are concluding that the right time is now. As a result, many Accidental Landlords are issuing non-renewal notices to their tenants as lease maturity dates approach, selling off their property and creating increased tightness in Alberta’s rental markets by removing inventory.

Looking Forward, the initial trends are clear and we do not anticipate any significant changes to the current market trajectory in the coming months. We believe that both rental rates and secondary resale prices are on an upward trend and today’s buyers of investment real estate stand to potentially enjoy significant gains in equity and cash flow in the coming months and years.

Hope Street Real Estate Corporation is an industry leading team of property management professionals serving the Edmonton, Calgary, and Vancouver markets. Hope Street has about 50 team members and directly manages the tenancies of nearly 3600 people in Alberta’s major centres or surrounding communities.

Contacts

For questions on this data or media availability:

Shamon Kureshi

President & CEO

Hope Street Management Corporation.

24/7 mobile: 403-462-6200

shamon@HopeStreet.ca

Alberta producers collaborate to reduce CO₂ in construction

EDMONTON, Alberta–(BUSINESS WIRE)–#CO2reduction–From the outside looking in, the Genesee Generating Station just west of Edmonton is a key provider for thousands of Albertans who need reliable power. But there’s more to the project, thanks to an industry-leading collaboration between the project’s constructor, PCL, and Lafarge Canada.

“Lafarge brought ECOPact to the table,” says Chris Pullen, vice president and general manager, Edmonton Industrial Management, at PCL. “We knew it was exactly what our client would want to see going into the project.”

ECOPact is Lafarge’s greenest and lowest-carbon concrete and is positioned to be a game-changer for construction across Canada. “It has the same performance and quality that we’ve always provided in our concretes,” explains Prez Skiba, vice president and general manager for Lafarge in Northern Alberta. “The difference is that now we can reduce the carbon emissions that go into its manufacturing.”

The partners in the project benefited with emissions reductions beyond their initial targets. “Lafarge understood the performance requirements our engineers had identified,” says Pullen. “A project this size had many specific requirements. So to hit the emissions reduction targets that Lafarge proposed, we needed to ensure that we didn’t compromise on any of them.”

“The original concrete proposed was already a low carbon design, with emissions lower than standard concrete, but we knew we could take it further,” says Skiba. “We brought in further emissions reductions with our ECOPact design, and we were able to reduce embodied CO2 by an additional 20%. That’s 20% over and above the original design, which already offered a 20% reduction. The combined 40% CO2 reduction is equivalent to the energy used by 70 single houses in one year.”

Lafarge’s Quality Assurance team, conveniently located nearby at Lafarge’s Western Canada Innovation Centre, achieved both PCL’s strength and performance targets while maximizing CO2 emissions reductions. Thanks to its global network of research and development facilities, Lafarge optimizes cement content by customizing blends and including upcycled construction and demolition materials.

The customized blend on this project was built on the circular partnership between Lafarge and PCL. “Power generation creates fly-ash byproducts,” explains Skiba. “But with ECOPact, we can seize those byproducts and use them in the concrete, keeping them out of the landfill, decreasing embedded carbon and keeping the circular economy going.”

“We have a shared responsibility to maximize the circular economy whenever we can. Instead of sending fly ash from power generation to a landfill, we have an opportunity to use it right here in our own operations. It’s in line with the sustainability goals we have as a team,” shares Pullen.

Both partners – two of Alberta’s largest employers – see this as one of many future innovations. “We’re construction specialists and solution providers,” says Pullen, “and we’re also innovators. We aren’t afraid to push the limits of what’s possible while delivering the expertise and quality that our clients have come to expect from us.”

“We’ve got to challenge ourselves and think outside the box,” shares Skiba. “Having partners like PCL who are open to using new technologies is essential for us to change the way that we’re building. ECOPact is just one example of how we can maximize the circular economy, collaborate, and find lower carbon solutions. We’re not stopping now – building sustainably is what we do.”

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 that build better cities and communities. The cities where Canadians live, work and raise their families along with the community’s infrastructure benefit from the solutions provided by Lafarge consisting of aggregates, asphalt and paving, cement, precast concrete, ready-mix concrete, and road construction. www.lafarge.ca

About PCL Construction

PCL is a group of independent construction companies that carries out work across Canada, the United States, the Caribbean and in Australia. These diverse operations in the civil infrastructure, heavy industrial and buildings markets are supported by a strategic presence in more than 30 major centers. Together, these companies have an annual construction volume of $9 billion, making PCL the largest contracting organization in Canada and one of the largest in North America. Watch us build at PCL.com.

Contacts

Media

Jill Truscott

Communications Manager

Lafarge Canada Inc.

Tel: (403) 354-5063

jill.truscott@lafargeholcim.com

TORONTO–(BUSINESS WIRE)–Primaris Real Estate Investment Trust (TSX: PMZ.UN) (“Primaris” or “Primaris REIT”) will be releasing its financial results for the quarter ended December 31, 2021, on Friday, March 4, 2022, after the market closes. Senior leadership will be hosting a conference call, webcast and presentation on March 7, 2022.

Conference Call:

Date:				Monday, March 7, 2022, at 10:00 a.m. (ET)
Dial:				For Canada please dial: 1-833-950-0062
				For International please dial: 1-929-526-1599
Passcode:				439910

Webcast:

Link: Please go to the Investor Relations section on Primaris’ website or click here.

The call will be accessible for replay until March 21, 2022, by dialing 1-226-828-7578 with access code 646604, or on the Investor Relations section of the website.

About Primaris REIT

Primaris REIT is Canada’s only enclosed shopping centre focused REIT, with ownership interests primarily in dominant enclosed shopping centres in growing markets. The portfolio totals 11.4 million square feet and is valued at approximately $3.2 billion at Primaris’ share. Economies of scale are achieved through its fully internal, vertically integrated, full-service national management platform. Primaris REIT is very well-capitalized and is exceptionally well positioned to take advantage of market opportunities at an extraordinary moment in the evolution of the Canadian retail property landscape.

Contacts

Alex Avery

Chief Executive Officer

416-642-7837

aavery@primarisreit.com

Rags Davloor

Chief Financial Officer

416-645-3716

rdavloor@primarisreit.com

TSX: PMZ.UN

www.primarisreit.com
www.sedar.com

TORONTO–(BUSINESS WIRE)–Granite Real Estate Investment Trust (“Granite”) (TSX: GRT.UN / NYSE: GRP.U) announced today that its board of trustees has declared a distribution of CDN $0.2583 per stapled unit for the month of February 2022. The distribution will be paid by Granite on Tuesday, March 15, 2022 to stapled unitholders of record at the close of trading on Monday, February 28, 2022. The stapled units will begin trading on an ex-dividend basis at the opening of trading on Friday, February 25, 2022 on the Toronto Stock Exchange and on the New York Stock Exchange.

Granite confirms that no portion of the distribution constitutes effectively connected income for U.S. federal tax purposes. A qualified notice providing the breakdown of the sources of the distribution will be issued to the Depository Trust & Clearing Corporation subsequent to the record date of February 28, 2022, pursuant to United States Treasury Regulation Section 1.1446-4.

ABOUT GRANITE

Granite is a Canadian-based REIT engaged in the acquisition, development, ownership and management of logistics, warehouse and industrial properties in North America and Europe. Granite owns 126 investment properties representing approximately 53.3 million square feet of leasable area.

OTHER INFORMATION

Copies of financial data and other publicly filed documents about Granite are available through the internet on the Canadian Securities Administrators’ System for Electronic Document Analysis and Retrieval (SEDAR) which can be accessed at www.sedar.com and on the United States Securities and Exchange Commission’s Electronic Data Gathering, Analysis and Retrieval System (EDGAR) which can be accessed at www.sec.gov. For further information, please see our website at www.granitereit.com or contact Teresa Neto, Chief Financial Officer, at 647-925-7560 or Andrea Sanelli, Associate Director, Legal & Investor Services, at 647-925-7504.

Contacts

Teresa Neto, Chief Financial Officer

647-925-7560

or

Andrea Sanelli, Associate Director, Legal & Investor Services

647-925-7504

TORONTO–(BUSINESS WIRE)–Home Capital Group Inc. (TSX: HCG) (“Home Capital”) announced today that the Toronto Stock Exchange (“TSX”) has approved the renewal of its Normal Course Issuer Bid. Under the terms of the Normal Course Issuer Bid, Home Capital may purchase for cancellation up to 3,733,578 of its common shares (the “Common Shares”), representing approximately 10% of its public float as of February 10, 2022, which was 37,335,783 Common Shares, calculated in accordance with TSX rules. The average daily trading volume of Home Capital’s Common Shares on the TSX from August 1, 2021 to January 31, 2022 was 203,894 Common Shares. Daily purchases under the new bid will be limited to 50,973 Common Shares, other than block purchase exceptions. As of February 10, 2022, Home Capital had 43,499,284 Common Shares issued and outstanding. The purchases may commence on February 22, 2022, and will terminate on February 21, 2023, or on such earlier date as Home Capital may complete its purchases pursuant to the Notice of Intention submitted to the TSX. The purchases made by Home Capital will be effected through the facilities of TSX, other designated exchanges and/or alternative trading systems, and in accordance with the rules of TSX. The price that Home Capital will pay for any Common Shares will be the market price of such Common Shares at the time of acquisition or such other price as may be permitted. Home Capital will make no purchases of Common Shares other than open-market purchases.

Home Capital believes that, from time to time, the market price of its Common Shares does not fully reflect the value of its business and its future business prospects. As a result, Home Capital believes that the purchase of its outstanding Common Shares may represent an appropriate and desirable use of its available funds. Common Shares purchased under the Normal Course Issuer Bid will be cancelled or used in connection with Home Capital’s equity settled incentive plans. Pursuant to its previous Normal Course Issuer Bid, Home Capital received approval from the TSX to purchase up to 4,367,617 Common Shares for the period of January 22, 2021 to January 21, 2022. Under the previous Normal Course Issuer Bid, Home Capital purchased 1,836,366 Common Shares at a weighted average price of C$38.17 through the facilities of the TSX, other designated exchanges and alternative trading systems.

Home Capital intends to enter into an automatic purchase plan with a broker in respect of the renewed Normal Course Issuer Bid. From time to time, when Home Capital does not possess material non-public information about itself or its securities, it may direct its broker to allow for the purchase of Common Shares at times when Home Capital ordinarily would not be active in the market due to its own internal trading blackout periods, insider trading rules or otherwise. Any automatic purchase plan to be entered into with Home Capital’s broker will be adopted in accordance with applicable Canadian securities laws.

Caution Regarding Forward-Looking Statements

This press release contains forward-looking information within the meaning of applicable Canadian securities legislation, including relating to potential future purchases by Home Capital of its Common Shares pursuant to its Normal Course Issuer Bid. Please refer to Home Capital’s 2021 Annual and Fourth Quarter Report, available on Home Capital’s website at www.homecapital.com, and on the Canadian Securities Administrators’ website at www.sedar.com, for Home Capital’s Caution Regarding Forward-looking Statements.

About Home Capital and Home Trust

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 and its wholly owned subsidiary, Home Bank, offer deposits via brokers and financial planners, and through a direct-to-consumer brand, Oaken Financial. 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

TORONTO–(BUSINESS WIRE)–DREAM OFFICE REIT (TSX: D.UN) (“Dream Office” or the “Trust”) today announced its February 2022 monthly distribution of 8.333 cents per REIT Unit, Series A ($1.00 annualized). The February distribution will be payable on March 15, 2022 to unitholders of record as at February 28, 2022.

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

Contacts

Michael J. Cooper

Chairman and Chief Executive Officer

(416) 365-5145

mcooper@dream.ca

Jay Jiang

Chief Financial Officer

(416) 365-6638

jjiang@dream.ca

TORONTO–(BUSINESS WIRE)–DREAM IMPACT TRUST (TSX: MPCT.UN) (“Dream MPCT” or the “Trust”) today announced its February 2022 monthly distribution in the amount of 3.333 cents per Unit (40 cents annualized). The February distribution will be payable on March 15, 2022 to unitholders of record as at February 28, 2022.

Dream Impact is an open-ended trust dedicated to impact investing. Impact investing is the intention of creating measurable positive, social and environmental change in our communities and for our stakeholders, while generating attractive financial returns. 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 the Trust 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; balance growth and stability of the portfolio, increasing cash flow, unitholders’ equity and NAV over time; leverage access to an experienced management team and strong partnerships in order to generate attractive returns for investors; provide investors with a portfolio of high-quality real estate development opportunities, concentrated in core geographic markets; and provide predictable cash distributions to unitholders on a tax-efficient basis. For more information, please visit: www.dreamimpacttrust.ca.

Contacts

DREAM IMPACT TRUST
Meaghan Peloso

Chief Financial Officer

(416) 365-6322

mpeloso@dream.ca

Kimberly Lefever

Director, Investor Relations

(416) 365-6339

klefever@dream.ca