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2023 national aggregate home price forecast to end year 1.0% below fourth quarter of 2022: Royal LePage

December 13, 2022 By NewsWire Tagged With: TSX:BRE

First quarter expected to show double-digit year-over-year declines, with modest quarterly price growth in the second half of next year On a quarter-over-quarter basis, prices expected to flatten in Q2 and begin modest improvement in second half of the year, ending 2023 on upward trajectory; release includes national aggregate quarterly forecast for 2023 Condominium prices… [Read More]

BentallGreenOak Achieves the First Perfect Score for a WiredScore Platinum Certified Office Building in Canada at 1250, Boulevard René-Lévesque in Montreal

December 13, 2022 By Business Wire

MONTREAL–(BUSINESS WIRE)–BentallGreenOak (BGO) today announced that it has achieved the first perfect score in WiredScore’s history for a Platinum certified property in Canada, demonstrating an exceptional level of digital leadership and connectivity. 1250, boulevard René-Lévesque in Montreal, QC, is a class AAA, 1,000,000+ sq. ft. flagship office building owned jointly between Sun Life Assurance Company of Canada and BGO’s core, open-ended strategy in Canada, that adds to its class-leading accolades in ESG (BOMA BEST Platinum and LEED Gold certified), and health and wellness (Fitwel Viral Response Module), with this latest achievement in digital connectivity.

For the first time in Canada, 1250, boulevard René-Lévesque achieved perfect scores in each of the 4 areas of WiredScore’s scorecard: Connectivity, Infrastructure, Readiness, and Innovation. The perfect 100/100 score places the property into elite standing alongside only 20 other buildings worldwide that have achieved the same mark.

“In a world in which virtually every aspect of our working lives consumes or transmits data, it is important that BentallGreenOak-managed office properties demonstrate exceptional performance in connectivity and digital capability for our tenants,” said Yves-André Godon, Managing Director, Quebec and Ottawa, BentallGreenOak. “The world class community of tenants at 1250, boulevard René-Lévesque look to the property as a place that can enable their business growth objectives through the safe and reliable digital infrastructure that we invest in on behalf of our clients to help deliver exceptional results. WiredScore’s perfect scoring in the Platinum Certification of 1250, boulevard René-Lévesque is a validation of the best-in-class advantages that we strive to deliver for all who work in and visit the property.”

Mike St. Cyr, Head of Canadian Markets for WiredScore Canada, commented: “First-class digital connectivity is no longer a nice-to-have, it is fundamental in a world where technology is part and parcel of our daily lives. This certification is therefore a notable achievement for our client, and we are excited to see what 1250, boulevard René-Lévesque will deliver for the community which interacts with it each and every day.”

About BentallGreenOak

BentallGreenOak is a leading, global real estate investment management advisor and a globally-recognized provider of real estate services. BentallGreenOak serves the interests of more than 750 institutional clients with approximately $80 billion USD of assets under management (as of September 30, 2022) and expertise in the asset management of office, industrial, multi-residential, retail and hospitality property across the globe. BentallGreenOak has offices in 28 cities across 14 countries with deep, local knowledge, experience, and extensive networks in the regions where we invest in and manage real estate assets on behalf of our clients in primary, secondary and co-investment markets. BentallGreenOak is a part of SLC Management, which is the alternatives asset management business of Sun Life.

The assets under management shown above includes real estate equity and mortgage investments managed by the BentallGreenOak group of companies and their affiliates, and as of 1Q21, includes certain uncalled capital commitments for discretionary capital until they are legally expired and excludes certain uncalled capital commitments where the investor has complete discretion over investment.

For more information, please visit www.bentallgreenoak.com

About WiredScore

WiredScore is the organization behind the WiredScore and SmartScore certifications: the internationally recognized digital connectivity and smart building rating systems for real estate, helping landlords design as well as promote buildings with powerful digital connectivity and smart capabilities. WiredScore was founded in New York City in 2013 by leaders within real estate, tech and telecommunications, with endorsement from Mayor Bloomberg, to improve NYC’s tech infrastructure, and support entrepreneurs who are driving technological advances and creating jobs. Following success in the US, WiredScore expanded internationally from 2015, initially in the UK and then to France, Ireland, Germany, and Canada. Since then, over 800M square feet of commercial and residential space has been certified, impacting 8M people across 27 countries. For more information on WiredScore, SmartScore or to find certified buildings, please visit: www.wiredscore.com

Contacts

Rahim Ladha

Global Head of Communications, BentallGreenOak

media@bentallgreenoak.com

Mike St. Cyr

Head of Canadian Markets, WiredScore

mike@wiredscore.com

The Real Brokerage Inc. Names Sharran Srivatsaa as President

December 13, 2022 By Business Wire

Brokerage leader joins Real to help amplify the Company’s continued growth

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 the appointment of Sharran Srivatsaa as President, a newly created role, effective immediately. As President, the former brokerage head and industry advisor will be responsible for all aspects of the Company’s growth, including agent attraction and education. Srivatsaa will be a key member of the senior leadership team as Real accelerates its strategy to build a tech-powered, agent-centric platform that offers home buyers and sellers a seamless end-to-end solution.


Srivatsaa joins Real after two decades of business and operational experience across the real estate, finance and technology sectors. A serial entrepreneur and highly regarded thought leader, speaker and advisor, he has had five successful exits in 19 years, including the sale of Teles Properties to Douglas Elliman in 2017. During his six-year tenure at Teles, Srivatsaa grew the brokerage from a single office in Beverly Hills, California, closing $300 million in real estate transactions annually, to 22 offices throughout Southern California closing $3.4 billion in real estate transactions annually.

“Sharran is an experienced leader with a deep understanding of residential real estate and what it takes to build a successful business that outperforms the marketplace,” said Real Chairman and Chief Executive Officer Tamir Poleg. “The combination of Sharran’s operational excellence and entrepreneurial spirit will be a huge asset to us as we continue to enter new markets, sharpen our culture of performance and expand our agent base.”

Most recently, Srivatsaa was Principal of Srilo Ventures, an investment fund that focuses on investing in and advising technology companies and operating businesses in the consumer space. In 2018, he founded Kingston Lane, a marketing software platform for real estate agents and brokers and Highland Prime, a private equity firm focused on helping leadership teams scale their businesses and exit. Earlier in his career, Srivatsaa held investment advisory and corporate strategy positions at Goldman Sachs and Credit Suisse.

“Tamir and the team have built a very unique model. It’s not often you find a culture where performance and collaboration coexist, but they do at Real, and it provides a foundation to build something great,” Srivatsaa said. “I’m looking forward to helping to drive growth of the platform while empowering agents to realize their full potential.”

Srivatsaa is a member of the Young Presidents Organization. He holds a bachelor’s degree from Luther College and an MBA from Vanderbilt University, Owen Graduate School of Management.

All dollar figures shown herein are presented in USD.

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 homebuyers and sellers. The company was founded in 2014 and serves 44 states, D.C., and three Canadian provinces with over 7,000 agents. Additional information can be found on its website at www.onereal.com.

Contacts

For additional information:

Jason Lee

Vice President, Capital Markets & Investor Relations

investors@therealbrokerage.com
908.280.2515

For media inquiries:

Elisabeth Warrick

Director, Communications

elisabeth@therealbrokerage.com
201.564.4221

BTB Announces its Distribution for the Month of December 2022

December 12, 2022 By NewsWire Tagged With: TSX:BTB.UN

MONTRÉAL, Dec. 12, 2022 /CNW Telbec/ – BTB Real Estate Investment Trust (TSX: BTB.UN) (“BTB” or the “REIT“) announces today that the monthly cash distribution for the month of December 2022 is $0.025 per unit, representing $0.30 per unit on an annualized basis. The cash distribution will be paid on January 16th, 2023, to unitholders… [Read More]

RioCan Real Estate Investment Trust Establishes Automatic Securities Repurchase Plan

December 12, 2022 By Globenewswire Tagged With: TSX:REI.UN

TORONTO, Dec. 12, 2022 (GLOBE NEWSWIRE) — RioCan Real Estate Investment Trust (“RioCan”) (TSX:REI.UN) today announced that it has established an automatic securities purchase plan (“ASPP”) in connection with its previously announced normal course issuer bid (“NCIB”) applicable to its outstanding trust units (“Units”). The ASPP is intended to allow for the purchase of Units… [Read More]

Middlefield Global Real Asset Fund Announces Normal Course Issuer Bid

December 9, 2022 By Globenewswire Tagged With: TSX:RA.UN

TORONTO, Dec. 09, 2022 (GLOBE NEWSWIRE) — Middlefield Global Real Asset Fund (the “Fund”) (TSX: RA.UN) announced that it has filed a notice with the Toronto Stock Exchange (the “TSX”) and received its approval to make a normal course issuer bid (“NCIB”). Purchases pursuant to the NCIB will be made in the open market through… [Read More]

40 Electric Providers Adopt CLEAResult’s Online Rooftop Solar Assessment Tool

December 9, 2022 By Business Wire

AUSTIN, Texas–(BUSINESS WIRE)–#CleanEnergy–40 electric providers, including many cooperatives, are implementing CLEAResult’s Rooftop Solar Assessment tool to make the decision-making process of purchasing home solar easier and more customized for their customers. The online assessment is the latest energy education innovation from electric vehicle resource leader ChooseEV, which CLEAResult acquired in May to expand the company’s growing energy transition practice within the CLEAResult ATLAS™ platform.

Utilities can customize the Rooftop Solar Assessment with local rates, specific metering models and more to fit the real-world decisions people in their communities are facing. Energy providers can also deliver alternative options for customers to reduce carbon emissions when solar is not a viable option, such as community solar or other green power programs.

“Electric providers want their communities to be properly informed about their energy decisions, especially solar,” said CLEAResult’s ChooseEV Director, Ben Yenter. “Our online assessment simplifies the conversation. People answer a few quick questions, get personalized savings and payback estimates, and can then have informed discussions to decide what’s best for them.”

Purchasing residential solar can be a tricky process to navigate. The tool is designed to empower electric providers to offer customers custom-tailored information on how rooftop solar will impact their future bills—an important detail that solar installers often overlook or misrepresent.

CLEAResult is finding interest across the country from utilities of all sizes and fully expects to onboard over 100 providers by early 2023. Co-ops and other utilities with close relationships to their communities have been the fastest first adopters.

“Providing utilities with technology and data that helps them build stronger relationships with the communities they serve is what it’s all about,” Divakar Jandhyala, CLEAResult’s Chief Product and Technology Officer emphasized. “People can finally make decisions based on real data, and our clients can guide them better because of it.”

ChooseEV continues to integrate and grow its offering as part of CLEAResult ATLAS™, the company’s comprehensive platform for Energy Efficiency, Energy Transition and Decarbonization solutions. The Rooftop Solar Assessment was designed with the same philosophy as the popular EV education tool currently being used by over 400 energy providers—it translates complex technical concepts into easy-to-follow examples that everyone can understand.

CLEAResult’s Rooftop Solar Assessment is available for customers of participating utilities in Washington, Arizona, Minnesota, South Carolina and Indiana. “People in Florida, Virginia, Alabama and elsewhere can look forward to seeing the tool available in their states soon,” says Yenter.

Visit www.clearesult.com/technology to request a fully configurable demo of the Rooftop Solar Assessment.

About CLEAResult

CLEAResult is the largest provider of energy efficiency, energy transition, and decarbonization solutions in North America. Since 2003, our mission has been to change the way people use energy. Today, our experts lead the transition to a sustainable, equitable, and carbon-neutral future for our communities and our planet. Our hometown teams collaborate with a diverse network of local partners to deliver world-class technology and personalized services that make it easy for commercial and industrial businesses, governments, utilities and residential customers to reduce their energy use and carbon footprint. CLEAResult is headquartered in Austin, Texas, and has over 2,400 employees in more than 60 cities across the U.S. and Canada. CLEAResult is majority owned by TPG through its middle market and growth equity investment platform TPG Growth and its multi-sector global impact investing strategy The Rise Fund.

Explore all our energy solutions at clearesult.com.

Follow us on: Facebook | LinkedIn | Twitter | Instagram

Contacts

media@clearesult.com
Amber Tester
Director Corporate Communications

Record-Breaking Demand for Alternative Residence and Citizenship

December 9, 2022 By Business Wire

LONDON–(BUSINESS WIRE)–The number of high-net-worth individuals enquiring about investment migration options has more than doubled since the coronavirus was first reported three years ago, with record numbers of wealthy international investors now looking to diversify their residence and citizenship options amid unprecedented global volatility. Henley & Partners has also seen a huge surge in interest and applications from citizens of highly developed countries such as Canada, the UK, and the US compared to pre-pandemic times, with Americans now the top client nationality seeking alternative residence and/or additional citizenship.

Henley & Partners CEO Dr. Juerg Steffen says with many economies now in a post-pandemic phase plagued by security, political, and economic risks, wealthy families are revisiting their priorities to ensure that their legacies, wealth, and lifestyles are protected and future-proofed. “For high-net-worth investors, the optionality of living in or conducting business in a country of their choice is a prime concern. Many are exploring residence and citizenship by investment portfolios that offer them location fluidity and the option to relocate at any given moment between two or more ‘home’ nations, often many thousands of miles from each other.”

In terms of the most sought-after alternative residence options, both Spain and Greece have shot up in popularity over the past six months. Applications for the Spain Residence by Investment Program have increased by 240% this year compared to 2021, and there has also been a significant 125% spike in applications for the Greece Golden Visa Program, with investors able to apply for Greek citizenship after seven years of residence.

Both Spain and Greece rank among the world’s top vacation destinations and offer a highly desirable laid-back Mediterranean lifestyle, with vibrant, cosmopolitan cities and leading educational institutions. Each program offers several investment options but the most popular way to secure residence rights is through purchasing real estate: a minimum investment of EUR 250,000 is required for Greece and EUR 500,000 for Spain. As a resident of either country, you have the right to live and study there as well as free movement across the EU and Europe’s Schengen Area.

Henley & Partners Group Head of Private Clients Dominic Volek says because the single property purchase secures residence for the whole family, it’s a legacy investment across generations. “International real estate has always been a reliable asset class for global investors due to its long-term staying power. Real estate–linked investment migration programs have the additional advantages of enhancing your global mobility through multiple passports and expanding your personal access rights as a citizen or resident of multiple jurisdictions, creating optionality in terms of where you and your family can live, work, study, retire, and invest. The potential gains over the lifetime of the investment include the core value of the asset, rental yields, and global access as an ultimate hedge against both regional and global volatility.”

-Ends-

Notes to Editors

About Henley & Partners

Henley & Partners is the global leader in residence and citizenship by investment. Each year, hundreds of wealthy individuals and their advisors rely on our expertise and experience in this area. The firm’s highly qualified professionals work together as one team in over 35 offices worldwide.

The concept of residence and citizenship planning was created by Henley & Partners in the 1990s. As globalization has expanded, residence and citizenship have become topics of significant interest among the increasing number of internationally mobile entrepreneurs and investors whom we proudly serve every day.

The firm also runs a leading government advisory practice that has raised more than USD 10 billion in foreign direct investment. Trusted by governments, the firm has been involved in strategic consulting and in the design, set-up, and operation of the world’s most successful residence and citizenship programs.

Contacts

Media Contact
For further information, please contact:

Sarah Nicklin

Group Head of Public Relations

sarah.nicklin@henleyglobal.com
Mobile: +27 72 464 8965

BTB REIT Announces the Sale of an Office Property Located in Sainte-Thérèse, Quebec

December 8, 2022 By NewsWire Tagged With: TSX:BTB.UN

MONTRÉAL, Dec. 8, 2022 /CNW Telbec/ – BTB Real Estate Investment Trust (TSX: BTB.UN) (“BTB” or the “REIT“) announces the sale of an office property located at 81-83, Turgeon Street, in Sainte-Thérèse, Québec. This 24,925 square foot building was acquired in November 2007 and renovated in 2017. During the strategic repositioning of BTB’s portfolio, this… [Read More]

Melcor REIT appoints Naomi Stefura as Trustee

December 8, 2022 By Globenewswire Tagged With: TSX:MR.UN

EDMONTON, Alberta, Dec. 08, 2022 (GLOBE NEWSWIRE) — Melcor Real Estate Investment Trust (“the REIT” – TSX: MR.UN) today announced the appointment of Naomi Stefura to the board of trustees. Naomi is the Executive Vice President and Chief Financial Officer of Melcor Developments Ltd. (Melcor) and also Chief Financial Officer of the REIT. She has… [Read More]

Nexus Industrial REIT Announces Closing of $81.3 Million Bought Deal Equity Offering

December 8, 2022 By Globenewswire Tagged With: TSX:NXR-UN.TO

/NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR DISSEMINATION IN THE UNITED STATES/ TORONTO, Dec. 08, 2022 (GLOBE NEWSWIRE) — Nexus Industrial REIT (“Nexus” or the “REIT”) (TSX: NXR.UN) announced today the closing of its previously announced public offering (the “Offering”) of trust units of the REIT (the “Units”) to a syndicate of underwriters led… [Read More]

Primaris REIT Announces Distribution for December 2022

December 8, 2022 By Business Wire

TORONTO–(BUSINESS WIRE)–Primaris Real Estate Investment Trust (“Primaris REIT”) (TSX: PMZ.UN) announced today that its Board of Trustees has declared a distribution of $0.0683 per unit for the month of December, 2022, representing $0.82 per unit on an annualized basis. The distribution will be payable on January 16, 2023 to unitholders of record on December 30, 2022.

About Primaris REIT

Primaris REIT is Canada’s only enclosed shopping centre focused REIT, with ownership interests primarily in dominant enclosed shopping centres in growing markets. The portfolio totals 10.9 million square feet and is valued at approximately $3.2 billion at Primaris’ share. Economies of scale are achieved through its fully internal, vertically integrated, full-service national management platform. Primaris REIT is very well-capitalized and is exceptionally well positioned to take advantage of market opportunities at an extraordinary moment in the evolution of the Canadian retail property landscape.

Contacts

For more information:

Alex Avery

Chief Executive Officer

416-642-7837

aavery@primarisreit.com

Rags Davloor

Chief Financial Officer

416-645-3716

rdavloor@primarisreit.com

TSX: PMZ.UN

www.primarisreit.com www.sedar.com

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