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Killam Apartment REIT Announces Disposition of Non-Core Property in Ottawa

March 17, 2023 By NewsWire Tagged With: TSX:KMP.UN

HALIFAX, NS, March 17, 2023 /CNW/ – Killam Apartment REIT (“Killam” or the “REIT”) (TSX: KMP.UN) is pleased to announce that it has completed the disposition of 266 Bronson Avenue, a 43-unit apartment building in Ottawa, for gross proceeds of $9.8 million. Killam’s proceeds from the sale are $7.0 million, net of the previous mortgage… [Read More]

MORGUARD NORTH AMERICAN RESIDENTIAL REIT ANNOUNCES CLOSING OF OVER-ALLOTMENT OPTION IN CONNECTION WITH ITS RECENTLY COMPLETED PUBLIC OFFERING OF $50 MILLION OF CONVERTIBLE DEBENTURES

March 17, 2023 By NewsWire Tagged With: TSX:MRG.UN

TSX SYMBOL: MRG.UN       /NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES WIRE SERVICES/ MISSISSAUGA, ON, March 17, 2023 /CNW/ – Morguard North American Residential Real Estate Investment Trust (the “REIT”) (TSX: MRG.UN) announced today that it has successfully closed the issuance of an additional $6 million aggregate principal amount of its… [Read More]

FlavorSum Expansion Doubles Kalamazoo Facility and Enhances Capabilities

March 17, 2023 By Business Wire

KALAMAZOO, Mich.–(BUSINESS WIRE)–FlavorSum, a North American flavor producer, has begun construction on an expansion project that will add 35,000 square feet to its Kalamazoo, Michigan facility. With the increased footprint, FlavorSum will build out more technical resources and capacity to meet the needs of small, mid-sized and emerging food & beverage companies.


“Response to our solutions model and the growth of SME food and beverage brands led us to expand our capabilities in Kalamazoo,” says Brian Briggs, President and CEO of FlavorSum. “FlavorSum’s mission is to deliver the flexibility of a small supplier with the resources of a major flavor company. The additional space allows us to continue fulfilling our promise.”

The revamped facility and deepening technical expertise reflect FlavorSum’s resolve to maintain industry leading growth rates. Pilot plant and lab space within the new facility will support initiatives such as MicroThermics equipment, improved shipping and receiving processes, and increased product storage.

“At FlavorSum, creating custom flavors that align with brand goals and consumer trends is only one aspect of our approach,” commented Dave Franz, CRO. “We partner with our customers to offer a full suite of services designed to facilitate in-market success, from regulatory expertise and market insights to applications and scale-up support. A larger facility in Kalamazoo ensures we’re positioned to support our customers as they grow.”

The Kalamazoo community is essential to FlavorSum’s operational success. FlavorSum expects increased employment opportunities from the expansion project.

The expansion plan aims to have the facility operating at full capacity in August, 2023.

About FlavorSum

FlavorSum helps growing North American food and beverage companies go to market quickly and cost-effectively. The company provides flavor solutions for delivering great-tasting products that inspire loyalty among today’s consumers. FlavorSum is a portfolio company owned by The Riverside Company, a global private equity firm.

Contacts

Lisa Jackson

Marketing

FlavorSum, LLC

+1 800-525-2431

ljackson@flavorsum.com

Automotive Properties REIT Reports 2022 Fourth Quarter and Year-End Results

March 16, 2023 By NewsWire Tagged With: TSX:APR.UN

TORONTO, March 16, 2023 /CNW/ – Automotive Properties Real Estate Investment Trust (TSX: APR.UN) (“Automotive Properties REIT” or the “REIT”) today announced its financial results for the fourth quarter (“Q4 2022”) and year ended December 31, 2022 (“2022”). “We continued to generate growth in our key performance metrics in 2022, driven by our acquisition program… [Read More]

Melcor Developments announces results for 2022, declares $0.16 per share dividend and appoints Naomi Stefura as COO

March 16, 2023 By Globenewswire Tagged With: TSX:MRD

EDMONTON, Alberta, March 16, 2023 (GLOBE NEWSWIRE) — Melcor Developments Ltd. (TSX: MRD), a real estate development and asset management company with operations across western Canada and in the United States, today reported results for the fourth quarter and year ended December 31, 2022. Revenue decreased by 23% to $241.75 million in 2022 compared to a… [Read More]

FLAGSHIP COMMUNITIES REAL ESTATE INVESTMENT TRUST ANNOUNCES FOURTH QUARTER AND FULL YEAR 2022 RESULTS

March 16, 2023 By NewsWire Tagged With: TSX:MHC.U, TSX:MHC.UN

/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES./ TORONTO, March 16, 2023 /CNW/ – Flagship Communities Real Estate Investment Trust (“Flagship” or the “REIT”) (TSX: MHC.U) (TSX: MHC.UN) today released its fourth quarter and full year 2022 results. The financial results of the REIT are presented below in accordance with International… [Read More]

SmartCentres Declares Distribution for March 2023

March 16, 2023 By Globenewswire Tagged With: TSX:SRU.UN

TORONTO, March 16, 2023 (GLOBE NEWSWIRE) — SmartCentres Real Estate Investment Trust (“SmartCentres” or the “Trust”) (TSX:SRU.UN) announced today that the trustees of SmartCentres have declared a distribution for the month of March 2023 of CDN $0.15417 per trust unit, representing CDN $1.85 per unit on an annualized basis. Payment will be made on April… [Read More]

Killam Apartment REIT Announces March 2023 Distribution

March 16, 2023 By NewsWire Tagged With: TSX:KMP.UN

HALIFAX, NS, March 16, 2023 /CNW/ – Killam Apartment REIT (TSX: KMP.UN) is pleased to announce its March 2023 monthly distribution. The distribution of $0.05833 per unit will be paid on April 17, 2023, to unitholders of record on March 31, 2023. Killam Apartment REIT offers a distribution reinvestment plan (the “DRIP”). Eligible unitholders may reinvest… [Read More]

Killam Apartment REIT Announces March 2023 Distribution

March 16, 2023 By NewsWire Tagged With: TSX:KMP.UN

HALIFAX, NS, March 16, 2023 /CNW/ – Killam Apartment REIT (TSX: KMP.UN) is pleased to announce its March 2023 monthly distribution. The distribution of $0.05833 per unit will be paid on April 17, 2023, to unitholders of record on March 31, 2023. Killam Apartment REIT offers a distribution reinvestment plan (the “DRIP”). Eligible unitholders may reinvest… [Read More]

Empire Reports Fiscal 2023 Third Quarter Results

March 16, 2023 By NewsWire Tagged With: TSX:EMP.A

Earnings per share of $0.49; adjusted earnings per share of $0.64 Prior year earnings per share and adjusted earnings per share of $0.77, which included $0.14 of unusually large real estate income Cybersecurity Event(1) adversely impacted the quarter; operational impacts relating to this event are now resolved Same-store sales, excluding fuel, increased by 0.1% Gross… [Read More]

ENERGY Transportation Group Secures 250K sq. ft of Additional Warehouse Space in Montreal

March 16, 2023 By Business Wire

The acquisition of 250K sq. ft furthers the company’s strategic goals and brings its total warehousing capacity to over 1M sq. ft in the Montreal area alone.


MONTREAL–(BUSINESS WIRE)–ENERGY Transportation Group, an industry-leading asset-based 3PL and warehousing service provider, today announced the acquisition of an additional 250K sq. ft of warehousing space in the Montreal area.

The site of ENERGY Transportation Group’s new warehousing space is located in Beauharnois, QC, southwest of Montreal. The newly constructed, fireproof facility offers strategic access to major highway infrastructure.

Features/services include:

  • Inventory visibility
  • State-of-the-art dock doors
  • CT-PAT certification
  • Secured yard with 24-hour video surveillance and alarm monitoring

“This is just the beginning,” said David Grassi, ENERGY’s Vice President of North American Operations. “This new warehousing space will allow us to offer our customers more short- and long-term storage options with order fulfillment, cross-docking, and trans-loading capabilities.”

The company plans to expand its warehousing footprint further later in the year to meet increasing demand from existing and new customers.

ABOUT ENERGY TRANSPORTATION GROUP

Founded in 2007, ENERGY Transportation Group is an asset-based 3PL offering logistics and warehousing services across the North American market. Headquartered in Montreal, ENERGY has offices in Toronto, Chicago, and Chattanooga. ENERGY prides itself on providing personalized, innovative, and win-win solutions to meet even the most complex shipping and logistics challenges.

Learn more about ENERGY by visiting our website at www.shipENERGY.com or connecting with us on LinkedIn.

Contacts

Adam Pinsky

Marketing Director

ENERGY Transportation Group

+1 (438) 835-6033

apinsky@shipENERGY.com

Invesque Inc. Reports Fourth Quarter and Full-Year 2022 Results

March 16, 2023 By NewsWire Tagged With: TSX:IVQ, TSX:IVQ.U

Invesque Sold $224 Million of Non-Strategic Assets in 2022 Continuing to Execute on its Strategy to Simplify the Portfolio and Focus on Private Pay Seniors Housing TORONTO, March 15, 2023 /CNW/ – Invesque Inc. (TSX: IVQ.U) (TSX: IVQ) (the “Company”) today announced its results for the three and twelve months ended December 31, 2022. Fourth… [Read More]

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