NORTH ANDOVER, Mass.–(BUSINESS WIRE)–Watts Water Technologies, Inc. (NYSE: WTS) today announced that Robert J. Pagano, Jr., Chief Executive Officer & President; Shashank Patel, Chief Financial Officer; Andre Dhawan, Chief Operating Officer; and Diane McClintock, Senior Vice President FP&A and Investor Relations will participate in and present at the 2024 Baird Global Industrial Conference on Wednesday, November 13, 2024, at 8:30 AM Central Time at the Ritz-Carlton Chicago at Water Tower Place, 160 East Pearson Street, Chicago, Illinois.

Watts Water Technologies, Inc., through its family of companies, is a global manufacturer headquartered in the USA that provides one of the broadest plumbing, heating, and water quality product lines in the world. Watts Water companies and brands offer innovative plumbing, heating, and water quality solutions for commercial, residential, and industrial applications. For more information, visit www.watts.com.

Contacts

Watts Water Technologies, Inc.

Diane McClintock

Senior Vice President FP&A and Investor Relations

Telephone: 978-689-6153

investorrelations@wattswater.com

Funding enables Mave to accelerate the development of its AI assistant which makes agents more effective and productive by handling their back-end tasks

TORONTO–(BUSINESS WIRE)–#AI—Mave, the AI assistant for real estate, today announced it has raised CAD$2 million in pre-seed funding and launched its beta program for agents and brokers. The investment, which was raised and closed in just a few weeks, was led by Relay Ventures and N49P with participation from Alate Partners, Clarim Ventures, and Gambit Partners, along with several angel and strategic investors including a past-president of the Toronto Real Estate Board.

When Mave founder and CEO Raz Zohar and his wife bought their first home, it sparked curiosity about the extensive, time-consuming work that real estate agents manage behind the scenes to close a deal. With over 4.5 million homes sold yearly in North America by 2 million agents across 350,000 brokerages, Raz wanted to understand why agents invest more than 35 hours doing administrative work for each transaction, and why the industry had not yet evolved to improve this. So he became an executive assistant for agents across the Greater Toronto Area (GTA), gaining firsthand experience with the constant demands on agents’ time and their reliance on phone calls, texts, and emails to manage tasks while juggling client needs across the city. Raz discovered that brokerages strive to support agents, but with their commission split per deal getting smaller and smaller, many lack resources for dedicated backend assistance. Recognizing this gap, along with the opportunity presented by the rapid improvements in artificial intelligence (AI) and large language models (LLM), Mave was born as an AI assistant for real estate agents and brokers.

While Mave has been operating in stealth mode, it has already attracted interest from over 6,000 real estate agents across more than 90 brokerages in the GTA. From this pool of prospective users, Mave has selected 1,000 to initially onboard as part of its beta program. Brokers interested in the beta program for the Mave AI assistant can join the waitlist at maveai.co/sign-up.

In the last few months, Mave has grown to a team of ten, and is now actively hiring for engineering, product, marketing, and sales roles.

Mave is solving an age-old back-office efficiency problem in the real estate industry

To effectively support agents, the team at Mave has worked tirelessly to secure access to extensive market data and related property information through partnerships with real estate boards and other data providers. As the Mave AI assistant is trained using these deep insights, it enables real estate agents to harness market and neighbourhood insights to respond instantly to client requests and deliver an even greater level of customer service. Agents simply text questions to Mave such as “What is the price per square foot of homes in this postal code?” With Mave, research and analysis no longer takes agents an entire day.

With the Mave AI assistant, agents are more productive, and brokerages can finally offer the type of support their agents need to turn the stressful, anxiety-producing experience of buying or selling a home into a seamless transaction. Mave quickly automates backend tasks, such as creating social media posts, marketing materials, e-mails, and presentations in seconds, not hours or days. Since agents mainly use their phones to text or message their back-office teams, Mave seamlessly fits into existing workflows, enabling agents to interact with the AI assistant via text messages just as they would their real assistants to get tasks done.

“Not much has changed in recent years about the way the real estate industry operates. To modernize their brokerages, many look to existing tools for help. But these can be overwhelming for agents to use given the sheer volume of tasks for each listing and the fact that agents are always on the go. Mave is the first solution we’ve seen that really solves the core problems the industry faces in a way that is easy enough for any agent to adopt,” said Alex Baker, Managing Partner at Relay Ventures. “Raz’s vision is to harness the power of AI so any brokerage can streamline its backend operations and support its agents using something as simple as text and nothing more. We believe in Raz and his team and are confident that this is the right approach for the industry. With a critical mass of brokerages using Mave, it will become the operating system for the residential real estate industry.”

The number of reported daily wins and use cases shared by agents testing the platform have already exceeded Mave’s expectations. For example, for one agent participating in the beta program, the ability to immediately respond to a client’s questions and very quickly price the property enabled them to secure a listing within 24 hours. Another agent that used Mave to optimize a listing saw showings go from zero to 11 in one week. Another agent used Mave to create the concept, script, post, and caption for an Instagram campaign that led to a sale for $100,000 over the asking price.

“While our initial focus is on handling marketing tasks, with the funding in place we are expanding our development to establish Mave as a full-time assistant,” said Raz Zohar, founder and CEO of Mave. “Mave will handle key back-end administrative tasks, from coordinating an open house to finalizing contracts better and faster than ever before. This will enable agents to focus on what matters most – servicing their customers and growing their brand.”

Rapid adoption by PSR Brokerage agents showcases the power of the Mave AI Assistant

Among the first Mave beta customers is PSR Brokerage, a luxury boutique real estate firm with over 150 agents in Southern Ontario, including Toronto, Muskoka, Forest Hill, Vaughan, and Port Credit. The brokerage specializes in resale and pre-construction sales, supported by high-end marketing services for its clients. Within the first week of signing up to participate in the Mave beta program, 60 percent of agents are actively using the AI assistant at least six times per week.

“Mave gives our agents a competitive advantage by providing them with the exact support they need to improve their responsiveness to clients,” said Joshua Chisvin, VP of Resale, Partner at PSR Brokerage. “Clients have high expectations of realtors to know every detail about thousands of listings. With Mave, we finally found the perfect solution to enable our teams to meet this demand effortlessly. With essential information at our agents’ fingertips, productivity and client service are enhanced, empowering us to win listings more frequently.”

About Mave

Toronto-based Mave is an AI startup that empowers real estate agents and brokerages to deliver exceptional client service and grow their brands. As an AI assistant for real estate, Mave automates tasks and handles the back-end marketing and operations of real estate transactions, freeing agents to provide excellent customer service, acquire new clients, and grow their business. Visit maveai.co for more information.

Contacts

Media Contact
Lisa Ballard

Boulevard Public Relations

lisa@boulevardpr.com

LONDON–(BUSINESS WIRE)–$KW–Canada Pension Plan Investment Board (CPP Investments) has partnered with global real estate investment company Kennedy Wilson (NYSE:KW) to launch a new single-family rental housing joint venture (“the JV”) in the United Kingdom. CPP Investments will initially commit £500 million, with Kennedy Wilson committing £56 million. The JV will have an initial target of approximately £1 billion of asset value, including leverage, with the potential to commit further capital depending on market opportunities. CPP Investments will hold 90% of the venture and Kennedy Wilson will hold a 10% ownership interest moving forward.

Through partnerships with housebuilders, the JV will target energy efficient, new-build housing stock in strong and growing local economies that offer residents excellent connectivity, attractive local amenities, and proximity to strong employment prospects and educational institutions.

The investment program is seeded with properties from two developments sourced by Kennedy Wilson, including units under construction by Barratt Redrow in Norwich, where Kennedy Wilson is now leasing up the first phase of completed homes, and units by Miller Homes in Stevenage, which will deliver completed houses from Q2 2025. Kennedy Wilson has an active pipeline of opportunities totaling over £360 million and 1,100 units, with the capacity to reach 4,000 units at full capital deployment.

“Private capital can play an important role in addressing the current undersupply of high-quality rental housing in the UK, particularly where it is professionally managed to provide a great customer experience,” said Tom Jackson, Head of Real Estate Europe at CPP Investments. “Investing into the UK single-family housing sector aligns well with our broader real estate strategy, to undertake scalable investments into high quality assets with growing cash flows. We look forward to launching the JV alongside Kennedy Wilson to deliver strong returns for 22 million contributors and beneficiaries of the CPP fund.”

Kennedy Wilson will manage the JV and earn customary fees, leveraging its expertise as a long-term owner, operator, and debt provider for rental housing with more than 60,000 units owned or financed by Kennedy Wilson managed platforms across the United States, the UK, and Ireland. The company’s established global residential platform comprises a vertically integrated investment, asset management, and development team, and operating and reporting systems.

“Residential has long been a crucial part of Kennedy Wilson’s investment strategy, and our JV with CPP Investments, a leading global institutional investor, will propel our efforts to deliver much-needed rental homes for local families,” said Mike Pegler, President, Kennedy Wilson Europe. “The structural challenges facing institutionally managed rental housing in the UK provides a clear investment rationale to enter the market and leverage our deep experience in the sector. We are actively seeking opportunities to grow our portfolio, which offers substantial scalability potential in the UK, driving consistent risk adjusted returns in this high-conviction subsector.”

About CPP Investments

Canada Pension Plan Investment Board (CPP Investments™) is a professional investment management organization that manages the Fund in the best interest of the more than 22 million contributors and beneficiaries of the Canada Pension Plan. In order to build diversified portfolios of assets, investments are made around the world in public equities, private equities, real estate, infrastructure and fixed income. Headquartered in Toronto, with offices in Hong Kong, London, Mumbai, New York City, San Francisco, São Paulo and Sydney, CPP Investments is governed and managed independently of the Canada Pension Plan and at arm’s length from governments. At June 30, 2024, the Fund totalled C$646.8 billion. For more information, please visit www.cppinvestments.com or follow us on LinkedIn, Instagram or on X @CPPInvestments.

About Kennedy Wilson

Kennedy Wilson (NYSE: KW) is a leading real estate investment company with over $27 billion of assets under management in high growth markets across the United States, the UK and Ireland. Drawing on decades of experience, our relationship-oriented team excels at identifying opportunities and building value through market cycles, closing more than $50 billion in total transactions across the property spectrum since going public in 2009. Kennedy Wilson owns, operates, and builds real estate within our high-quality, core real estate portfolio and through our investment management platform, where we target opportunistic investments alongside our partners. For further information, please visit www.kennedywilson.com.

Special Note Regarding Forward-Looking Statements

Statements in this press release that are not historical facts are “forward-looking statements” within the meaning of U.S. federal securities laws. These forward-looking statements are estimates that reflect our management’s current expectations, are based on our current estimates, expectations, forecasts, projections and assumptions that may prove to be inaccurate and involve known and unknown risks. Accordingly, our actual results, performance or achievement, or industry results, may differ materially and adversely from the results, performance or achievement, or industry results, expressed or implied by these forward-looking statements, including for reasons that are beyond our control. Some of the forward-looking statements may be identified by words like “believes”, “expects”, “anticipates”, “estimates”, “plans”, “intends”, “projects”, “indicates”, “could”, “may” and similar expressions. These statements are not guarantees of future performance and involve a number of risks, uncertainties and assumptions. We assume no duty to update the forward-looking statements, except as may be required by law.

KW-IR

Contacts

CPP Investments

Steve McCool

Public Affairs & Communications

+44 7780 224 245

smccool@cppib.com

Kennedy Wilson

Investors
Daven Bhavsar, CFA

Head of Investor Relations

+1 (310) 887-3431

dbhavsar@kennedywilson.com

European Media
Dido Laurimore and Eve Kirmatzis

+44 20 3727 1000

kennedywilson@fticonsulting.com

U.S. Media
Emily Heidt

Vice President, Communications

+1 (310) 887-3499

eheidt@kennedywilson.com

Unique product offering taps into an agent’s complete earnings picture to provide more financial freedom, while positioning Real at the forefront of merging fintech with real estate

TORONTO & NEW YORK–(BUSINESS WIRE)–$REAX #therealbrokerage–The Real Brokerage Inc. (NASDAQ: REAX), a technology platform reshaping real estate for agents, home buyers and sellers, today launched Real Wallet, a financial platform designed to provide agents with exceptional flexibility and control in managing their finances. Unveiled at RISE 2024, Real’s annual agent conference in Las Vegas, Real Wallet integrates earnings, revenue share and equity into one seamless platform.

Real Wallet enables agents to access their earnings faster by eliminating delays caused by legacy brokerage and banking systems, while offering real-time insights into their professional net worth.

“At Real we’re not just a real estate company—we are a technology platform designed to empower agents to grow their businesses,” said Tamir Poleg, Real’s Chairman and CEO. “Real Wallet is designed specifically for agents of the future, addressing a critical need by helping them better manage their finances and reinvest in their businesses. By merging fintech with real estate, we give agents the autonomy and flexibility needed to control their financial futures.”

At launch, Real Wallet will be available to select agents in the U.S. and Canada. U.S. agents can sign up for a business checking account with Thread Bank, Member FDIC, including a Real-branded debit card. Canadian agents will have access to a credit line based on their earnings history with Real. Future phases of Real Wallet aim to unify these features into a comprehensive financial solution for all business banking needs. Banking services in the U.S. are provided by Thread Bank, Member FDIC. The credit line available to Real agents in Canada will be provided directly by Real.

“We see AI as a transformative force driving the future of real estate,” said Pritesh Damani, Chief Technology Officer of Real. “Real Wallet represents a key step forward by integrating AI-powered insights with fintech tools, enabling agents to make more informed and efficient decisions. By harnessing the power of data and AI, we’ll soon provide agents with real-time analytics, personalized financial forecasting and tools for tax and retirement planning all designed to help them strategically grow their businesses and maximize their earnings potential.”

With Real Wallet, eligible agents step into a new era of financial autonomy, with the power to:

• Access earnings faster—eliminating delays from legacy brokerage and banking systems
• Gain real-time insights into their professional net worth
• Take full control of their business growth with enhanced financial freedom

Looking ahead, it is expected that Real Wallet users will have the opportunity to earn promotional rewards points redeemable toward reduced brokerage and transaction fees, further enhancing their financial flexibility. Expected integrations with Apple Pay and Google Pay will also help agents use Real Wallet in everyday transactions.

The Real Brokerage is a real estate technology company and is not a bank. Banking services provided by Thread Bank, Member FDIC. The Real Wallet Visa debit card is issued by Thread Bank, Member FDIC, pursuant to a license from Visa U.S.A. Inc. and may be used anywhere Visa cards are accepted.

About Real

Real (NASDAQ: REAX) is a real estate experience company working to make life’s most complex transaction simple. The fast-growing company combines essential real estate, mortgage and closing services with powerful technology to deliver a single seamless end-to-end consumer experience, guided by trusted agents. With a presence throughout the U.S. and Canada, Real supports more than 22,000 agents who use its digital brokerage platform and tight-knit professional community to power their own forward-thinking businesses.

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 of the date hereof. Forward-looking information in this press release includes, without limiting the foregoing, expectations regarding Real’s Real Wallet, including its features and its availability to agents.

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. Important factors that could cause such differences include, but are not limited to, Real’s inability to successfully launch Real Wallet, termination of banking relationships or failure of bank or technology partners to perform services for Real Wallet, slowdowns in real estate markets, economic and industry downturns, Real’s ability to attract new agents and retain current agents and those risk factors discussed under the heading “Risk Factors” in the Company’s Annual Information Form dated March 14, 2024, a copy of which is available under the Company’s SEDAR+ profile at www.sedarplus.ca. 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.

Contacts

Investor inquiries, please contact:

Ravi Jani

Vice President, Investor Relations and Financial Planning & Analysis

investors@therealbrokerage.com
908.280.2515

For media inquiries, please contact:

Elisabeth Warrick

Senior Director, Marketing, Communications & Brand

elisabeth@therealbrokerage.com
201.564.4221

TORONTO–(BUSINESS WIRE)–DREAM OFFICE REIT (TSX: D.UN) (“Dream Office” or the “Trust”) today announced its October 2024 monthly distribution of 8.333 cents ($1.00 annualized) per REIT Unit, Series A (“REIT A Units”). The October distribution will be payable on November 15, 2024 to unitholders of record as at October 31, 2024.

Dream Office REIT is an unincorporated, open-ended real estate investment trust. Dream Office REIT is a premier office landlord in downtown Toronto with over 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

For further information, please contact:

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