Projects Will Add 600 Megawatt-Hours of Storage Capacity to Origis Solar Sites

MIAMI & LAKE MARY, Fla.–(BUSINESS WIRE)–#BESS–Origis Energy, one of America’s largest solar and energy storage developers, has contracted Mitsubishi Power Americas to deliver three utility-scale battery energy storage system (BESS) projects totaling 150 megawatts / 600 megawatt hours. The projects will be co-located with three Origis Energy photovoltaic solar facilities in the Southeast United States to reduce curtailment of excess solar generation which will enable greater efficiency and higher capacity of the sites.

Origis will use the Mitsubishi Power Emerald storage solution for the three projects, successively coming online over the next two years. Origis has pioneered large-scale solar in the Southeast, working with leading utilities, municipalities and electric cooperatives to deploy over 1.5 gigawatts of operational and contracted projects in the region. The company’s U.S. total for operational and contracted solar and BESS projects are over 4 GWs. Energy storage enables Origis to add grid services to renewable energy generation. Consequently, Origis has 2.3 gigawatt hours (GWh) of BESS projects contracted or in negotiation with 13.7 GWh currently being developed.

“Storage of renewably generated power is an increasingly important grid asset,” said Kenneth Kim, Vice President, Engineering & Strategy Planning, Origis Energy. “By adding the BESS solution to these facilities, we increase the value of the asset, adding enhanced grid solutions to clean, cost-effective solar power. We thank Mitsubishi Power for their collaboration on these projects, creating long-term benefits for our customers.”

The BESS projects will employ Mitsubishi Power’s Emerald Integrated Plant Controller – an Energy Management System (EMS) and Supervisory Control and Data Acquisition (SCADA) system – that instructs the BESS when to charge and deploy, monitors status, sends alarms and alerts and enables long-term data storage.

“The Emerald storage solution technology we’re delivering for Origis follows rigorous NERC CIP and IEC 62443 Security Development Lifecycle Process policy and processes aligned to industry best practices,” said Alejandro Schnakofsky, Vice President of Global Strategy, Energy Storage Solutions, Mitsubishi Power Americas. “It is imperative in everything we do to protect energy systems and operators with the strongest level of cybersecurity possible.”

Mitsubishi Power has more than 2.5 GWh of utility-scale BESS projects in various stages of deployment globally that increase renewable efficiency, capacity, and flexibility.

About Origis Energy

Origis Energy is bringing clean and cost effective solar and energy storage solutions within reach for utility, commercial and industrial as well as public sector clients. The Origis team has worked to ensure the interests of all stakeholders are upheld in 170 projects worldwide totaling more than 5 GW to date of developed solar and energy storage capacity. Headquartered in Miami, FL, Origis Energy delivers excellence in solar and energy storage development, financing, engineering, procurement and construction (EPC) and operations, maintenance and asset management for investors and clean energy consumers in the US. Visit us at www.OrigisEnergy.com.

About Mitsubishi Power Americas, Inc.

Mitsubishi Power Americas, Inc. (Mitsubishi Power) headquartered in Lake Mary, Florida, employs more than 2,300 power generation, energy storage, and digital solutions experts and professionals. Our employees are focused on empowering customers to affordably and reliably combat climate change while also advancing human prosperity throughout North, Central, and South America. Mitsubishi Power’s power generation solutions include gas, steam, and aero-derivative turbines; power trains and power islands; geothermal systems; PV solar project development; environmental controls; and services. Energy storage solutions include green hydrogen, battery energy storage systems, and services. Mitsubishi Power also offers intelligent solutions that use artificial intelligence to enable autonomous operation of power plants. Mitsubishi Power is a power solutions brand of Mitsubishi Heavy Industries, Ltd. (MHI). Headquartered in Tokyo, Japan, MHI is one of the world’s leading heavy machinery manufacturers with engineering and manufacturing businesses spanning energy, infrastructure, transport, aerospace, and defense. For more information, visit the Mitsubishi Power Americas website and follow us on LinkedIn.

Contacts

Glenna Wiseman

Origis Energy

+1 408-478-2570

Glenna.Wiseman@OrigisEnergy.com

Christa Reichhardt

Mitsubishi Power

+1 407-484-5599

Christa.Reichhardt@amermhi.com

WEST PALM BEACH, Fla.–(BUSINESS WIRE)–Chatham Lodging Trust (NYSE: CLDT), a hotel real estate investment trust (REIT) focused on investing in upscale extended-stay hotels and premium branded, select-service hotels, today announced that it has increased commitments under its senior unsecured revolving credit facility by $45 million with the addition of Royal Bank of Canada as a top tier lender.

With this incremental commitment, Chatham’s unsecured revolving credit facility increases to $260 million. Combined with its new $90 million term loan, Chatham received commitments of $350 million that replace Chatham’s previous $250 million senior unsecured credit facility that was scheduled to mature in 2023. Inclusive of extension options, the revolving credit facility and term loan mature in October 2027. Chatham has up to six months to borrow funds under the unsecured term loan and intends to fully draw the $90 million within that time frame to repay maturing secured debt. There are currently no borrowings outstanding on either facility.

“We are excited to add another great financial institution to our outstanding group of participating lenders, further solidifying our financial position for the next five years and providing even more flexibility to manage our maturing debt over the next couple of years and capacity to acquire hotels,” highlighted Jeremy Wegner, Chatham’s chief financial officer.

About Chatham Lodging Trust

Chatham Lodging Trust is a self-advised, publicly traded real estate investment trust focused primarily on investing in upscale extended-stay hotels and premium-branded, select-service hotels. The company owns 39 hotels totaling 5,914 rooms/suites in 16 states and the District of Columbia. Additional information about Chatham may be found at chathamlodgingtrust.com.

This press release may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 about Chatham Lodging Trust, including those statements regarding acquisitions, capital expenditures, future operating results and the timing and composition of revenues, among others, and statements containing words such as “expects,” “believes” or “will,” which indicate that those statements are forward-looking. Except for historical information, the matters discussed in this press release are forward-looking statements that are subject to certain risks and uncertainties that could cause the actual results or performance to differ materially from those discussed in such statements. Additional risks are discussed in the company’s filings with the Securities and Exchange Commission.

Contacts

Dennis Craven (Company)

Chief Operating Officer

(561) 227-1386

One of North America’s largest non-bank commercial real estate financiers announces restructuring

MIAMI & PALM BEACH, Fla.–(BUSINESS WIRE)–Trez Capital recently announced the restructuring of its Florida office, beginning with ending its joint-venture partnership in the market and closing its Palm Beach office. Capitalizing on the firm’s solid 25-year-history in Canada and across the United States, Trez Capital is opening a new Florida office in the metro Miami area with new regional leadership. Under the continued direction of Trez Capital’s Global Head of Origination, John Hutchinson, the firm will continue building upon its existing market relationships, servicing borrowers, real estate owners and brokers in the Southeastern United States.

Trez Capital is one of North America’s largest non-bank commercial mortgage lenders and equity solution providers. With its new office restructuring of the firm’s Southeastern U.S. origination business led by Hutchinson, Trez Capital will continue to expand its Florida market footprint. In 2010, Trez Capital officially opened its first U.S. office in Dallas with Hutchinson at the helm to focus on the central region and the Southwest. He helped establish the origination team’s relationships cross-country, extending to the Southeast. Hutchinson and his high-performing team have built a solid network of borrowers and investors and are continuing the firm’s expansion in the region.

“Florida and the Southeast remain an incredibly important part of Trez Capital’s business. We have established solid roots in the region and will continue our expansion by investing in our people, reinforcing our ‘boots-on-the-ground’ strategic approach and dedication to our investors,” said Hutchinson. “Our ability to leverage our team’s local market knowledge and varied experience no matter the geographic location has yielded trusted, well-established relationships throughout the country. I am excited about what the future holds for the Florida market and continuing what we do best – delivering results for investors and borrowers.”

Hutchinson and his team of originators have delivered an extensive track record of consistent returns based on providing innovative financing for residential and commercial properties in major high-growth regions across the country. The firm has continued to expand its geographic reach since opening Trez Capital’s first U.S. office a little over a decade ago. Outside of the firm’s Canada offices in Vancouver, Toronto and Montreal, Trez Capital has offices across North America including Dallas, Los Angeles, New York and Seattle while moving its Palm Beach office to Miami.

Today, Trez Capital manages over $5.3 billion in assets under management, has originated over 1,700 loans totaling more than $16.5 billion funded since its inception, with nearly 200 employees.

About Trez Capital

Founded in 1997, Trez Capital is a diversified real estate investment firm and preeminent provider of commercial real estate debt and equity financing solutions in Canada and the United States. Trez Capital offers private and institutional investors strategies to invest in a variety of opportunistic, fully secured mortgage investment funds, syndications, and joint-ventures; and provides property developers with quick approvals on flexible short- to mid-term financing.

With offices across North America, Trez Corporate Group has over $5.3* billion CAD in assets under management and has funded over 1,700 transactions totaling more than $16.5 billion CAD since inception. For more information, visit www.trezcapital.com. (*Trez Corporate Group AUM includes assets held by all Trez-related entities as well as $2.9 billion Manager AUM (Trez Capital Fund Management Limited Partnership)).

Contacts

Leah Williams, Dala Communications for Trez Capital

972-931-7576, ext. 351

Leah@DalaCommunications.com

TORONTO–(BUSINESS WIRE)–Lafarge Canada has been consistently advancing in their journey to Net-Zero and today, the largest provider of sustainable and innovative building solutions in Canada, is proud to announce the full transformation of the Brookfield Cement Plant’s cement production in Nova Scotia to a greener portfolio. From now on, the site’s production of general use cement (GU) ends and will shift to reduced carbon portland limestone cement – branded as OneCem – the company’s eco-efficient alternative. Brookfield is Lafarge’s third cement plant to be converted in 2022 and the first Atlantic Market plant to convert – the others being the Bath Cement Plant (ON) in June and the Richmond Cement Plant (BC) earlier this year, in March.

OneCem is a sustainable product that presents up to 10% lower CO2 emissions while providing the same performance and durability. “We have been steadily moving the needle forward when it comes to cement decarbonization and we will continue to honour our commitment in progressing our greener portfolio in Eastern Canada over the coming years. For us at Lafarge Canada, sustainability and profitability go together – our main goal is to keep partnering with our customers to advance sustainable construction and, at the same time, provide innovative world-class products,” commented Andrew Stewart, Vice President, Cement, Lafarge Canada (East).

According to Robert Cumming, Head of Sustainability & Public Affairs, Lafarge Canada (East), “Over the last four years, we avoided more than 140,000 tonnes of CO2 by converting GU cement to OneCem in our plants across Canada – the equivalent to taking 42,891 cars off the road, which would have consumed 59,640,854 liters of gasoline. With the recent cement production conversion of the Brookfield Plant, the Bath Plant in June, and Richmond Plant in March, these numbers will continue to grow.”

“We are excited to take our plant to the next level of decarbonization. Our teams on the ground have been successfully showcasing our company’s values of passion, collaboration, and grit, and we couldn’t be prouder. This is a very important milestone in our Net-Zero journey in Nova Scotia and in Canada as a whole,” affirmed Travis Smith, Plant Manager, Brookfield Cement Plant.

The portland limestone cement, OneCem, contributes to lowering the industry’s carbon footprint not only during the manufacturing process – while cement may be as little as 11% of a concrete mix, it can account for more than 80% of all energy required to produce concrete. Across Canada, Lafarge has produced over 6 million metric tonnes of OneCem since 2011, and users can be confident in its performance while reducing the carbon footprint in the built environment and community.

Quick Facts

• Over the last four years, Lafarge Canada saved more than 140,000 tonnes of CO2 by converting GU cement to OneCem in our plants across Ontario, Quebec, and Nova Scotia – the equivalent to taking 42,891 cars off the road, which would have consumed 59,640,854 liters of gasoline. With the recent conversion of the Bath Plant’s GU production to OneCem, these numbers will continue to grow.
• While cement typically represents only 11% of a concrete mix, it can account for more than 80% of all energy required to produce concrete.
• Across Canada, Lafarge has produced over 6 million metric tonnes of OneCem since 2011, and users can be confident in its performance whilst reducing the carbon footprint in the built environment and community.

Associated links

https://onecemcement.com/
https://www.lafarge.ca/en
Greenhouse Gas Equivalencies Calculator | Natural Resources Canada

About Lafarge Canada Inc.

Lafarge is Canada’s largest provider of sustainable and innovative building solutions including Aggregates, Cement, Ready Mix and Precast Concrete, Asphalt and Paving, and Road and Civil Construction. With over 6,900 employees and 400 sites across the country, we provide green products to build the infrastructure and communities where Canadians live and work.

As a member of Holcim Group, our purpose is to build progress for people and the planet.

Contacts

For media inquiries:

Anna Salomao

anna.salomao@lafarge.com

TORONTO–(BUSINESS WIRE)–DREAM RESIDENTIAL REAL ESTATE INVESTMENT TRUST (TSX: DRR.U) (“Dream Residential REIT” or the “REIT”) today announced its December 2022 monthly distribution in the amount of US$0.035 per unit (US$0.42 annualized). The December distribution will be payable on January 13, 2023 to unitholders of record as at December 30, 2022.

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 an initial portfolio of 16 garden-style multi-residential properties, consisting of 3,432 units primarily located in three markets across the Sunbelt and Midwest regions of the United States. For more information, please visit www.dreamresidentialreit.ca.

Contacts

For further information:

Dream Residential REIT
P. Jane Gavan
Chief Executive Officer

(416) 365-6572

jgavan@dream.ca

Derrick Lau
Chief Financial Officer

(416) 365-2364

dlau@dream.ca

Scott Schoeman
Chief Operating Officer

(303) 519-3020

sschoeman@dream.ca

TORONTO–(BUSINESS WIRE)–DREAM IMPACT TRUST (TSX: MPCT.UN) (“Dream Impact” or the “Trust”) today announced its December 2022 monthly distribution in the amount of 3.333 cents per Unit (40 cents annualized). The December distribution will be payable on January 13, 2023 to unitholders of record as at December 30, 2022.

About Dream Impact Trust

Dream Impact Trust is an open-ended trust dedicated to impact investing. Dream Impact’s underlying portfolio is comprised of exceptional real estate assets reported under two operating segments: development and investing holdings, and recurring income, that would not be otherwise available in a public and fully transparent vehicle, managed by an experienced team with a successful track record in these areas. The objectives of Dream Impact are to create positive and lasting impacts for our stakeholders through our three impact verticals: environmental sustainability and resilience, attainable and affordable housing, and inclusive communities; while generating attractive returns for investors. For more information, please visit: www.dreamimpacttrust.ca.

Contacts

DREAM IMPACT TRUST
Meaghan Peloso

Chief Financial Officer

(416) 365-6322

mpeloso@dream.ca

Kimberly Lefever

Director, Investor Relations

(416) 365-6339

klefever@dream.ca