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 $0.2667 per stapled unit for the month of January 2023. The distribution will be paid by Granite on Wednesday, February 15, 2023 to stapled unitholders of record at the close of trading on Tuesday, January 31, 2023. The stapled units will begin trading on an ex-dividend basis at the opening of trading on Monday, January 30, 2023, 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 January 31, 2023, 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 141 investment properties representing approximately 58.8 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

Andrea Sanelli

Associate Director, Legal & Investor Services

647-925-7504

BETHESDA, Md.–(BUSINESS WIRE)–Enviva Inc. (NYSE: EVA) (“Enviva,” “our,” “we,” or the “Company”) today announced the closing of a senior secured term loan facility (the “Term Loan”) in the amount of $105 million, maturing in June 2027. Borrowing rates under the Term Loan are variable and calculated as SOFR plus 400 basis points. Enviva intends to use the net proceeds from the Term Loan to reduce borrowings under its senior secured revolving credit facility.

“We are pleased to complete our Term Loan financing as we commence 2023 and prepare for an exciting year ahead for Enviva,” stated Shai Even, Chief Financial Officer. “This facility provides us with additional financial flexibility as it increases available liquidity under our revolving credit facility.”

Enviva remains committed to conservatively managing its balance sheet and the Term Loan financing, excluding the impact of debt issuance costs, is leverage neutral to the Company.

About Enviva

Enviva is the world’s largest producer of industrial wood pellets, a renewable and sustainable energy source produced by aggregating a natural resource, wood fiber, and processing it into a transportable form, wood pellets. Enviva owns and operates ten plants with a combined production capacity of approximately 6.2 million metric tons per year in Virginia, North Carolina, South Carolina, Georgia, Florida, and Mississippi, and is constructing its 11th plant in Epes, Alabama. Enviva is planning to commence construction of its 12^th plant near Bond, Mississippi during 2023. Enviva sells most of its wood pellets through long-term, take-or-pay off-take contracts with primarily creditworthy customers in the United Kingdom, the European Union, and Japan, helping to accelerate the energy transition and to decarbonize hard-to-abate sectors like steel, cement, lime, chemicals, and aviation fuels. Enviva exports its wood pellets to global markets through its deep-water marine terminals at the Port of Chesapeake, Virginia, the Port of Wilmington, North Carolina, and the Port of Pascagoula, Mississippi, and from third-party deep-water marine terminals in Savannah, Georgia, Mobile, Alabama, and Panama City, Florida.

Cautionary Note Concerning Forward-Looking Statements

The information included herein and in any oral statements made in connection herewith include “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of present or historical fact included herein, including those regarding the anticipated use of proceeds of the term loan are forward-looking statements. When used herein, including any oral statements made in connection herewith, the words “could,” “should,” “will,” “may,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “project,” the negative of such terms, and other similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These forward-looking statements are based on management’s current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events. Except as otherwise required by applicable law, Enviva disclaims any duty to revise or update any forward-looking statements, all of which are expressly qualified by the statements in this section, to reflect events or circumstances after the date hereof. Enviva cautions you that these forward-looking statements are subject to risks and uncertainties, most of which are difficult to predict and many of which are beyond the control of Enviva. These risks include those described in Enviva’s filings with the Securities and Exchange Commission (the “SEC”), including the detailed factors discussed under the heading “Risk Factors” in Enviva’s Annual Report on Form 10-K for the fiscal year ended December 31, 2021, as supplemented in the Company’s Quarterly Reports on Form 10-Q for the fiscal quarters ended March 31, June 30, and September 30, 2022.

Should one or more of the risks or uncertainties described herein and in any oral statements made in connection therewith occur, or should underlying assumptions prove incorrect, actual results and plans could different materially from those expressed in any forward-looking statements. Additional information concerning these and other factors that may impact Enviva’s expectations and projections can be found in Enviva’s periodic filings with the SEC. Enviva’s SEC filings are available publicly on the SEC’s website at www.sec.gov.

To learn more about Enviva please visit our website at www.envivabiomass.com. Follow Enviva on social media @Enviva.

Contacts

INVESTOR CONTACT:
Kate Walsh

Vice President, Investor Relations

+1 240-482-3856

investor.relations@envivabiomass.com

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

OTTAWA, Ontario–(BUSINESS WIRE)–InterRent Real Estate Investment Trust (TSX-IIP.UN) (“InterRent”) announced today that its distribution declared for the month of January 2023 is $0.0300 per Trust unit, equal to $0.3600 per Trust unit on an annualized basis. Payment will be made on or about February 15, 2023, to unitholders of record on January 31, 2023.

About InterRent

InterRent REIT is a growth-oriented real estate investment trust engaged in increasing Unitholder value and creating a growing and sustainable distribution through the acquisition and ownership of multi-residential properties.

InterRent’s strategy is to expand its portfolio primarily within markets that have exhibited stable market vacancies, sufficient suites available to attain the critical mass necessary to implement an efficient portfolio management structure, and offer opportunities for accretive acquisitions.

InterRent’s primary objectives are to use the proven industry experience of the Trustees, Management and Operational Team to: (i) to grow both funds from operations per Unit and net asset value per Unit through investments in a diversified portfolio of multi-residential properties; (ii) to provide Unitholders with sustainable and growing cash distributions, payable monthly; and (iii) to maintain a conservative payout ratio and balance sheet.

The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contacts

For further information:
Investor Relations

investorinfo@interrentreit.com
www.interrentreit.com

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”) (TSX: CHP.UN) announced today that the trustees of Choice Properties have declared a cash distribution for the month of January, 2023 of $0.061667 per trust unit, representing $0.74 per trust unit on an annualized basis, payable on February 15, 2023 to Unitholders of record at the close of business on January 31, 2023.

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.

Contacts

For further information:

Mario Barrafato

Chief Financial Officer

Choice Properties REIT

(416) 628-7872

Mario.Barrafato@choicereit.ca

Avid Ratings acquires H2insight Homebuilder Operations creating the most comprehensive benchmarking dataset and solutions in the homebuilding industry.

MADISON, Wis.–(BUSINESS WIRE)–Avid Ratings, the leading customer experience platform and solution for the homebuilding industry, announced today that it has acquired the H2insight Homebuilder Operations. H2insight is a multi-industry provider of customer feedback and engagement solutions.

The acquisition will allow Avid Ratings to expand its offerings across a broad customer base of homebuilders throughout the US and Canada, which includes a comprehensive suite of customer feedback and analytics tools and the most extensive benchmarking dataset in the homebuilding industry. These capabilities will further enable Avid Ratings to provide in-depth analysis of customer sentiment and market trends in the new construction space, providing proprietary insights to homebuilders looking to improve their operations. Avid will continue operating and maintaining the H2insight solution for homebuilder customers, and will be bringing on Vince Kudla (CEO) and the customer success group for ongoing support.

“We are thrilled to welcome the H2insight team to the Avid Ratings family,” said Aaron Everson, CEO of Avid Ratings. “The addition of H2insight will allow us to expand our customer base of top builders and offer them even more value to build stronger, more successful businesses based on data-driven insights and benchmarking.”

H2insight CEO, Vince Kudla, added, “Joining forces with Avid Ratings will allow us to bring cutting-edge customer feedback solutions to an even wider audience. We look forward to helping our combined clients build stronger relationships with their customers and drive business growth.”

About Avid Ratings:

Avid Ratings is the leading provider of customer experience software and is the only complete industry solution for homebuilders, remodelers, specialty contractors and other homebuilding industry professionals. Through its suite of survey, analytics and benchmarking tools, Avid Ratings helps the homebuilder community meet the needs of their homebuyers and customers leading to improved operations and increased customer satisfaction and loyalty. For more information, visit https://www.avidratings.com/.

About H2insight Homebuilder Operations:

H2insight Homebuilder Operations is a leading provider of customer experience management solutions and benchmarking to the homebuilding industry. Its comprehensive suite of online survey and reporting tools, outbound calling capabilities, and robust response rates enables clients to better understand and improve their customer experience and transform enhanced customer loyalty into revenue. For more information, visit https://www.H2insight.com/.

Contacts

Kyle Faino

kyle.faino@avidratings.com