All figures in $USD unless otherwise noted. TORONTO, April 26, 2024 (GLOBE NEWSWIRE) — Firm Capital Apartment Real Estate Investment Trust (“the “Trust”), (TSXV: FCA.U), (TSXV: FCA.UN) is pleased to report its financial results for the year ended December 31, 2023 as well as provide an update regarding the previously announced Strategic Review: EARNINGS For… [Read More]
Vantage Data Centers Secures $3 Billion Green Loan to Fuel North America Platform Expansion
Guided by its Green Finance Framework, company secures financing led by Wells Fargo to fund at least eight new and existing data center sites
DENVER–(BUSINESS WIRE)–Vantage Data Centers, a leading global provider of hyperscale data center campuses, today announced it has secured a $3 billion green loan from a bank syndicate led by structuring bank Wells Fargo Securities, LLC and joint bookrunners TD Securities, Truist Securities, Inc. and Scotiabank to fund the ongoing development of its North America data center platform.
The financing is a revolving credit facility with an initial collateral pool of eight leased and greenfield sites in both new and existing markets totaling nearly 1.4GW of IT capacity. Compared to typical project-specific construction loans, this model enables faster time-to-market for Vantage and its customers. Additionally, the loan affords Vantage the ability to add more North American assets to this credit facility in the future. Currently, Vantage’s North America platform includes 12 campuses across the United States and Canada.
“For the past several years, Vantage has prioritized innovative funding avenues to support our rapid expansion, and this revolving multi-asset development financing is no exception,” said Christophe Strauven, senior vice president, capital markets at Vantage. “We are dedicated to meeting our customers where they need us most. Our decision to pursue a flexible revolving credit facility allows us to access capital quickly and, therefore, begin development much earlier than project-specific loans, enabling Vantage to meet the ambitious timelines our customers require for critical IT capacity across North America.”
“Vantage would like to express our gratitude to our financing partners and the strategic long-term relationships we have with them,” said Sharif Metwalli, chief financial officer at Vantage. “We appreciate their backing, which underpins our ability to develop the digital infrastructure to support the next generation of technology, from cloud transformation to artificial intelligence (AI).”
This new financing, Vantage’s fifth green loan, was secured under the company’s Green Finance Framework and upholds its holistic approach to environmental, social and governance (ESG) principles. Dedicated to the sustainable development, delivery and operation of its data center facilities, Vantage leverages its green loans to support the research and development of next generation sustainable features in areas such as energy efficiency, water management and pollution prevention and works to operate in alignment with its own and customers’ carbon reduction goals.
So far this year, Vantage has announced a total of nearly $10 billion in financing to drive the company’s continuing global growth. In addition to today’s announcement, the company also announced a $6.4 billion equity investment led by DigitalBridge and Silver Lake in January, followed by a $64 million loan to support the development of Vantage’s first campus in Taiwan in March.
To learn more about the company’s expanding global portfolio, visit https://vantage-dc.com/data-center-locations/.
About Vantage Data Centers
Vantage Data Centers powers, cools, protects and connects the technology of the world’s well-known hyperscalers, cloud providers and large enterprises. Developing and operating across five continents in North America, EMEA and Asia Pacific, Vantage has evolved data center design in innovative ways to deliver dramatic gains in reliability, efficiency and sustainability in flexible environments that can scale as quickly as the market demands.
For more information, visit https://www.vantage-dc.com.
Contacts
Mark Freeman
Vantage Data Centers
mfreeman@vantage-dc.com
+1-202-680-4243
Robin Bectel
REQ for Vantage Data Centers
vdc@req.co
+1-202-936-6335
StorageVault Reports 2024 First Quarter Results and Increases Dividend
TORONTO, April 24, 2024 (GLOBE NEWSWIRE) — STORAGEVAULT CANADA INC. (“StorageVault” or the “Corporation”) (SVI-TSX) reported the Corporation’s 2024 first quarter results and increases its dividend. Iqbal Khan, Chief Financial Officer, commented: “Our national strategically located portfolio achieved same store NOI growth of 5.2%, AFFO growth of 6.6% per common share, while maintaining over 90%… [Read More]
FirstService Reports First Quarter Results
Double-Digit Revenue Growth Across Both Divisions Operating highlights: Three months ended March 31 2024 2023 Revenues (millions) $ 1,158.0 $ 1,018.4 Adjusted EBITDA (millions) (note 1) 83.4 82.1 Adjusted EPS (note 2) 0.67 0.85… [Read More]
Real Estate Decarbonisation Platform Accacia Raises US$6.5m Pre-A Round Led by Illuminate Financial
SINGAPORE–(BUSINESS WIRE)–Accacia, a decarbonisation platform focusing on the Real Estate and Infrastructure sectors, has closed a US$6.5m pre-Series A round led by Illuminate Financial – a specialist VC firm focused on enterprise fintech companies building solutions for the financial services industry with offices in New York, London and Singapore. Southeast Asia based AC Ventures also participated in this round, alongside continued support from early backers Accel and B Capital.
Real estate and construction activity contribute to about 40 percent of global Greenhouse Gas (GHG) emissions. The sector lacks robust tools to measure climate risks and define decarbonisation pathways. Founded in 2022 by INSEAD alumni Annu Talreja and co-founders Piyush Chitkara and Jagmohan Garg, Accacia offers an AI-enabled SAAS platform that helps real estate asset managers, owners and developers track their emissions, and design their decarbonisation journey.
“This funding comes at a crucial juncture as the Securities & Exchange Commission (SEC) and Singapore Exchange (SGX) have announced regulations on carbon emissions’ reporting, underscoring the urgent need for comprehensive and real-time climate risk data. We have already deployed our solution to over 25m sqft of real estate and are poised to leverage this opportunity and scale globally,” said Annu Talreja, Founder and CEO at Accacia.
Illuminate Financial, with its extensive network of financial services’ industry LPs, has a unique perspective of this evolution where climate risk is becoming a must-have metric for investors. “Measuring and managing climate risks has become imperative for large financial institutions especially on real estate which is one of the most significant and most affected asset classes in their portfolio. With Annu’s background and industry experience in real estate, we felt Accacia is the right fit to take on a leading position in the global real estate decarbonization market and are pleased to partner with the Accacia team,” said Rezso Szabo, Partner at Illuminate Financial.
“While real estate is one of the single largest contributors to GHG emissions, it is also a very hard-to-decarbonize sector given the complexity of value chain emissions (construction vs operations) and the variety of asset uses. Given our deep interest in climate, we were confident that the sector demanded a custom solution designed for nuances of the real estate sector and loved what Accacia has built,” said Helen Wong, Managing Partner at AC Ventures.
Decarbonisation of real estate is one the biggest opportunities today – a staggering US$18 trillion of investment is required over the next decade to get the real estate industry to net zero. Accacia’s tech platform integrates with existing Property Management, Energy Management and Procurement systems to automate real-time data capturing and tracking, making it the quickest and most affordable solution for real estate companies on their path to net zero. The Real Estate industry has recently become the focus for climate solutions with several large VC funds raising dedicated capital to decarbonise buildings.
For more information about Accacia, please proceed here.
About Accacia
Accacia is an AI-enabled SAAS platform that provides Real Estate Developers, Asset Managers and Financial Institutions the key metrics and decisions they need to decarbonize their portfolio. The platform allows customers to measure and benchmark the Transitional Risks on their portfolios, while the AI-enabled recommendation engine suggests decarbonization strategies at the asset and portfolio level.
About Illuminate Financial
Illuminate Financial is a thesis-driven venture capital firm investing in enterprise fintech companies building solutions for the financial services industry. With offices in London, New York, and Singapore, Illuminate’s deep networks and trusted partnerships with major financial institutions for the past decade provide real insight into what the industry needs and helps their portfolio companies achieve their full potential.
About AC Ventures
AC Ventures (ACV) is a top venture capital firm that invests in tech-enabled businesses focused on Indonesia and Southeast Asia, with over US$500 million in assets under management. The firm empowers entrepreneurs with more than capital by combining operational experience, industry knowledge, deep local networks, and resources. ACV’s team has invested in over 120 regional tech companies since 2012. With a team of more than 35 professionals led by Adrian Li, Michael Soerijadji, Helen Wong, and Pandu Sjahrir, it has offices in Jakarta and Singapore.
About Accel
Accel is a leading venture capital firm that invests in people and their companies from the earliest days through all phases of private company growth. Atlassian, Braintree, Cloudera, CrowdStrike, DJI, Dropbox, Dropcam, Etsy, Facebook, Flipkart, FreshWorks, Jet, Qualtrics, Slack, Spotify, Supercell, UiPath and Vox Media are among the companies the firm has backed over the past 35 years.
About B Capital
B Capital invests globally in extraordinary founders and businesses shaping the future through technology. With more than $6 billion in assets under management and dedicated stage-based funds, the firm focuses on seed to early- and late-stage venture growth investments, primarily in the technology, healthcare and climate sectors. Founded in 2025, B Capital has an integrated, global team across nine locations in the U.S. and Asia. The firm’s value-add platform, together with the consulting expertise of its strategic partner, The Boston Consulting Group, provides entrepreneurs with the tools and resources to scale quickly and efficiently, expand into new markets and build market-leading businesses. For more information, click here.
Contacts
Media Contact Information
Prosek Partners on behalf of Accacia
kkzhemanovska@prosek.com
Report on Financial Results for the Year Ended December 31, 2023
TORONTO, April 23, 2024 (GLOBE NEWSWIRE) — Mitchell Cohen, Chief Executive Officer and President of Urbanfund Corp. (TSX-V: UFC) (“Urbanfund” or the “Company”), confirmed today that the Company has filed its financial statements for the year ended December 31, 2023 (the “Consolidated Financial Statements”) and corresponding Management’s Discussion and Analysis (“MD&A”). BUSINESS OVERVIEW AND STRATEGY… [Read More]
Timbercreek Financial Declares April 2024 Dividend
TORONTO, April 23, 2024 (GLOBE NEWSWIRE) — Timbercreek Financial (TSX: TF) (the “Company”) is pleased to announce that it has declared a monthly cash dividend of $0.0575 per common share (“Common Share”) of the Company to be paid on May 15, 2024 to holders of Common Shares of record on April 30, 2024. The Company… [Read More]
Northview Residential REIT Announces April Distribution
Not for distribution to U.S. newswire services or for dissemination in the United States. CALGARY, Alberta, April 23, 2024 (GLOBE NEWSWIRE) — Northview Residential REIT (the “REIT”) today announced its April 2024 cash distribution amounts on its outstanding Class A Units, Class C Units and Class F Units (collectively, the “Units”) in the amount of… [Read More]
Sustainable Infrastructure Dividend ETF Distributions
TORONTO, April 23, 2024 (GLOBE NEWSWIRE) — Middlefield Sustainable Infrastructure Dividend ETF (TSX: MINF) (the “Fund”) is pleased to announce that distributions for the second quarter of 2024 will be payable to unitholders of Middlefield Sustainable Infrastructure Dividend ETF as follows: Record Date Payable Date Distribution PerTrust Unit April 30, 2024 May 15, 2024 $0.04167… [Read More]
Middlefield Global Real Asset Fund Distributions
TORONTO, April 23, 2024 (GLOBE NEWSWIRE) — Middlefield Global Real Asset Fund (TSX: RA.UN) (the “Fund”) is pleased to announce that distributions for the second quarter of 2024 will be payable to unitholders of Middlefield Global Real Asset Fund as follows: Record Date Payable Date Distribution PerTrust Unit April 30, 2024 May 15, 2024 $0.04167… [Read More]
Dream Residential REIT Announces April 2024 Monthly Distribution
TORONTO–(BUSINESS WIRE)–DREAM RESIDENTIAL REAL ESTATE INVESTMENT TRUST (TSX: DRR.U and TSX: DRR.UN) (“Dream Residential REIT” or the “REIT”) today announced its April 2024 monthly distribution in the amount of US$0.035 per unit (US$0.42 annualized). The April distribution will be payable on May 15, 2024 to unitholders of record as at April 30, 2024.
About Dream Residential REIT
Dream Residential REIT is an unincorporated, open-ended real estate investment trust established and governed by the laws of the Province of Ontario. The REIT owns a portfolio of garden-style multi-residential properties, primarily located in three markets across the Sunbelt and Midwest regions of the United States. For more information, please visit www.dreamresidentialreit.ca.
Contacts
Dream Residential REIT
Brian Pauls
Chief Executive Officer
(416) 365-2365
bpauls@dream.ca
Derrick Lau
Chief Financial Officer
(416) 365-2364
dlau@dream.ca
Scott Schoeman
Chief Operating Officer
(303) 519-3020
sschoeman@dream.ca
StorageVault to Acquire 2 Storage Locations for $43,000,000
TORONTO, April 22, 2024 (GLOBE NEWSWIRE) — STORAGEVAULT CANADA INC. (“StorageVault”) (SVI-TSX) is pleased to announce that it has agreed to acquire two stores from two arm’s length vendor groups (collectively, the “Vendors”) for an aggregate purchase price of $43,000,000, subject to customary adjustments (the “Acquisitions”), and the purchase price is expected to be paid… [Read More]
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