MONTREAL, March 8, 2023 /CNW/ – PRO Real Estate Investment Trust (“PROREIT” or the “REIT”) (TSX: PRV.UN) will release its 2022 fiscal year and 2022 fourth quarter financial results on Wednesday, March 22, 2023, after markets close. A conference call hosted by PROREIT’s management team will be held on Thursday, March 23, 2023, at 10:30 (EDT)… [Read More]
PLAZA RETAIL REIT ANNOUNCES BOUGHT DEAL PUBLIC OFFERING OF $40 MILLION OF TRUST UNITS
/NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES WIRE SERVICES/ FREDERICTON, NB, March 8, 2023 /CNW/ – Plaza Retail REIT (“Plaza” or the “REIT”) (TSX: PLZ.UN) is pleased to announce that it has entered into an agreement to sell to a syndicate of underwriters co-led by RBC Capital Markets and CIBC Capital… [Read More]
Corn Refiners Call for Swift Resolution to USMCA Technical Consultations With Mexico
WASHINGTON–(BUSINESS WIRE)–Today, Corn Refiners Association (CRA) President and CEO John Bode issued the following statement regarding the Office of the United States Trade Representative (USTR) requesting technical consultations with the Government of Mexico under the Sanitary and Phytosanitary Measures (SPS) Chapter of the United States–Mexico–Canada Agreement (USMCA) due to Mexico’s presidential decree restricting use of GMO corn without scientific basis:
“Thanks to Ambassador Katherine Tai and USDA Secretary Tom Vilsack for their leadership and continued insistence upon full compliance with USMCA. While we are disappointed that it was necessary for the U.S. to take this first formal step under USMCA, we are pleased that the scope of this controversy has been dramatically narrowed and both parties are working within the framework of USMCA to resolve differences. Keeping the commitment to USMCA is the key to advancing science and risk-based policies that are essential to North America’s standing as the world’s leader in food security and sustainability. I hope for a swift resolution to the dispute.”
The Corn Refiners Association (CRA) is the national trade association representing the corn refining industry of the United States. CRA and its predecessors have served this important segment of American agribusiness since 1913. Corn refiners manufacture sweeteners, starch, advanced bioproducts, corn oil, and feed products from corn components such as starch, oil, protein, and fiber.
Contacts
Jacqueline Boggess
jboggess@corn.org
Top-Producing Jason Martin Group Joins The Real Brokerage
20-agent team bolsters Real’s capabilities throughout the D.C. metro area
TORONTO & NEW YORK–(BUSINESS WIRE)–$REAX #therealbrokerage–The Real Brokerage Inc. (TSX: REAX) (NASDAQ: REAX), the fastest-growing publicly traded real estate brokerage, today announced that The Jason Martin Group, led by Jason Martin and John Coleman, are the latest team to join the company. The 20-agent team joins from @Properties, where they held the distinction of being the brokerage’s highest producing team in the D.C. region.
Martin began his real estate career in 2003 at Coldwell Banker. In 2005, he co-founded Keller Williams Capital Partners. During his 13 years at Keller Williams, The Jason Martin Group was awarded the Keller Williams Gold Award for the highest office sales volume and the team ranked as one of America’s Top 1,000 real estate teams by REAL Trends. He and his team joined Real Living at Home, now @Properties, in 2018. The team closed more than 200 transactions totaling in excess of $137 million in 2022.
Coleman joined The Jason Martin Group in 2015 as a showing assistant, working his way up to Managing Partner and becoming one of the top buyers’ agents in the D.C. market. Recognized as a Rising Star by DC Real Producers magazine, Coleman is the host of Coffee with Coleman, a YouTube channel aimed at helping people make the best decisions when exploring real estate in the D.C. metro area.
“Jason and his team possess an entrepreneurial spirit that guides their passion for providing their clients with unsurpassed knowledge of the local market and service excellence that has made them one of the top teams in their region,” said Sharran Srivatsaa, President of The Real Brokerage. “This, along with Jason’s emphasis on creating a positive culture built on teamwork and collaboration, make the team a perfect fit for what we are building at The Real Brokerage. We are thrilled to welcome The Jason Martin Group to Real.”
Martin said, “Real is on a path to drive change in the real estate industry. They have created a model that recognizes that agents are the linchpin of the entire real estate transaction. It’s exciting for our team to be a part of a company that puts the agent at the top—not only for the way it recognizes and rewards agents for their success, but also by nurturing a collaborative culture that fuels professional growth and development.”
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, expectations regarding Real’s growth and the business and strategic plans of the Company.
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.
About Real
The Real Brokerage Inc. (TSX: REAX) (NASDAQ: 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 home buyers and sellers. The company was founded in 2014 and serves 45 states, D.C., and three Canadian provinces with over 9,000 agents. Additional information can be found on its website at www.onereal.com.
Contacts
Investor inquiries:
Jason Lee
Vice President, Capital Markets & Investor Relations
investors@therealbrokerage.com
908.280.2515
For media inquiries, please contact:
Elisabeth Warrick
Director, Communications
elisabeth@therealbrokerage.com
201.564.4221
CAPREIT Extracts Development Value From Land Disposition in Montréal
TORONTO, March 06, 2023 (GLOBE NEWSWIRE) — Canadian Apartment Properties Real Estate Investment Trust (“CAPREIT”) (TSX:CAR.UN) announced today that it has completed the disposition of a parking lot site located in Montréal, Québec, for gross consideration of $17.25 million (excluding disposition costs). The under-utilized land is located adjacent to an existing multi-residential building owned by… [Read More]
CARBONTECH CAPITAL CORP. ANNOUNCES PROPOSED QUALIFYING TRANSACTION WITH HAPPI VENTURES INC. AND TERMINATION OF ITS PREVIOUSLY ANNOUNCED TRANSACTION
/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES/ TORONTO, March 6, 2023 /CNW/ – CarbonTech Capital Cop. (TSXV: CT.P) (“CT“), a capital pool company listed on the TSX Venture Exchange (the “Exchange“), is pleased to… [Read More]
RioCan Real Estate Investment Trust completes offering of $200 million Series AG senior unsecured debentures
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE OR FOR DISSEMINATION IN THE UNITED STATES TORONTO, March 06, 2023 (GLOBE NEWSWIRE) — RioCan Real Estate Investment Trust (“RioCan” or the “Trust”) (TSX: REI.UN) today announced that it has closed its previously announced offering of $200 million principal amount of Series AG senior unsecured debentures (the “Debentures”). The… [Read More]
Affordable Housing Is Top Priority for Provinces and Territories: Looking to Federal Government for Meaningful Engagement and Investment
Issued through the Chair of the Provincial-Territorial Forum on Housing, Minister Responsible for Saskatchewan Housing Corporation Gene Makowsky, on behalf of all Provincial-Territorial Ministers Responsible for Housing
REGINA, Saskatchewan–(BUSINESS WIRE)–Provinces and territories (PTs) are calling on the federal government to increase funding in a long-term, flexible, and collaborative manner to support the delivery of affordable housing programs both now and into the future.
Communities across Canada continue to face elevated home prices, increased rates of homelessness, and challenges related to housing affordability, adequacy, and supply. Rising costs in the construction industry have also significantly increased the cost to build and repair homes. While these challenges have strained PT resources, PTs remain committed to working with the federal government to maintain and expand affordable housing in their jurisdictions.
The Parliamentary Budget Officer estimates that the federal government will spend $45.9 billion over ten years on housing until the end of Canada’s National Housing Strategy in 2027-28 in new and pre-existing spending. In comparison, PT governments have invested approximately $20.1 billion over the last four years in housing, including building new homes, making improvements to existing affordable housing, providing services and supports to keep people in their homes, and addressing homelessness.
PTs are on pace to surpass federal investments in affordable housing by the end of the National Housing Strategy in 2027-28. While the federal National Housing Strategy has been marketed as a “$82+ billion plan”, this figure includes both loans and cost-matched spending by PTs, neither of which are true costs to the federal government. In addition, federal funding supports often lack operational funding to keep housing viable after it is built, leaving PTs and other housing partners responsible for ongoing costs.
PTs are the largest providers of affordable housing in Canada. With their understanding of local needs and circumstances, PT governments are best positioned to identify and allocate funding to areas that will have the greatest impact. PTs call on the federal government to work with them and provide financially sustainable and flexible funding that is responsive to local needs.
To support better outcomes on the funding and delivery of affordable housing, PTs request:
- Increased and more flexible federal funding to complement existing PT programs and address local priorities to meet Canada’s current housing challenges.
- Meaningful and proper engagement to develop housing solutions and outcomes that meet the unique needs and priorities of each jurisdiction.
Accessing affordable housing is a challenge for many Canadians. PTs welcome improved collaboration, greater flexibility, and increased funding, which will enable them to respond to this growing need.
Contacts
The Provincial-Territorial Forum on Housing
For media inquiries:
Hunter Baril
Alberta Seniors, Community and Social Services
Hunter.Baril@gov.ab.ca
Clay Suddaby
Communications and Public Engagement, British Columbia
Clay.Suddaby@gov.bc.ca
Communication Engagement Division
Manitoba
newsroom@gov.mb.ca
Robert Duguay
Corporate Communications, New Brunswick Social Development
robert.duguay@gnb.ca
Jenny Bowring
Newfoundland and Labrador Housing Corporation
jmbowring@nlhc.nl.ca
Krista Higdon
Nova Scotia Ministry of Municipal Affairs and Housing
krista.Higdon@novascotia.ca
Tami Johnson
Housing Northwest Territories
tami_johnson@gov.nt.ca
Eric Doiron
Nunavut Housing Corporation
edoiron1@gov.nu.ca
Victoria Podbielski
Ontario Ministry Municipal Affairs and Housing
victoria.podbielski2@ontario.ca, mma.media@ontario.ca
Rebecca Gass
Prince Edward Island Department of Social Development and Housing
rjgass@gov.pe.ca
Media Relations
Société d’habitation du Québec
medias@shq.gouv.qc.ca
Media Relations
Saskatchewan Ministry of Social Services
mediamss@gov.sk.ca
Laura Lang
Yukon Housing Corporation
Laura.Lang@yukon.ca
LANESBOROUGH REIT CLOSES SALE OF THREE PROPERTIES
WINNIPEG, MB, March 3, 2023 /CNW/ – Lanesborough Real Estate Investment Trust (“LREIT“) (TSXV: LRT.UN) announces today that it has completed the sale of: (i) Laird’s Landing, 302 Parsons Creek Drive, Fort McMurray, Alberta (“Laird’s Landing“); (ii) Lakewood Manor Apartments, 108 Loutit Road, Fort McMurray, Alberta (“Lakewood Manor“); and (iii) Westhaven Manor, 5610 11 Avenue,… [Read More]
Choice Properties Real Estate Investment Trust Completes $550 Million Issuance of Series S Senior Unsecured Debentures
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 $550 million aggregate principal amount of series S senior unsecured debentures of the Trust bearing interest at a rate of 5.400% per annum and maturing on March 1, 2033 (the “Debentures”).
The Trust intends to use the net proceeds of the Offering (i) to repay upon maturity its outstanding $250 million aggregate principal amount of 3.196% series G senior unsecured debentures due March 7, 2023, (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, BMO Capital Markets, RBC Capital Markets, CIBC 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 expected repayment of the maturing debentures and 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’ 2022 Annual Report and current Annual Information Form. 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
Mario Barrafato
Chief Financial Officer
Choice Properties Real Estate Investment Trust
t (416) 628-7872
e Mario.Barrafato@choicereit.ca
Genesis Reports Fourth Quarter and 2022 Results
CALGARY, AB, March 2, 2023 /CNW/ – Genesis Land Development Corp. (TSX: GDC) (the “Corporation” or “Genesis”) reported its financial and operating results for the three months (“Q4”) and year end December 31, 2022 (“YE”). The following are highlights of Genesis financial results for the fourth quarter of 2022: 2022 Highlights (Q4 2022 and YE… [Read More]
Nexus Industrial REIT Enters Into Unsecured Credit Facilities Totalling $375 Million
TORONTO, March 02, 2023 (GLOBE NEWSWIRE) — Nexus Industrial REIT (the “REIT”) (TSX: NXR.UN) announced today that it has entered into senior unsecured credit facilities totalling $375 million (the “Unsecured Facilities”). The Unsecured Facilities have been arranged through a syndicate of six banks with BMO Capital Markets acting as Lead Arranger and Sole Bookrunner. The… [Read More]
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