TORONTO, Sept. 27, 2022 /CNW/ – CT Real Estate Investment Trust (“CT REIT”) (TSX: CRT.UN) to host an earnings conference call regarding third quarter 2022 results. WHAT: Q3 2022 Earnings Conference Call WHEN: Results to be released on Monday, November 7, 2022 after market close.Conference call to be held on Tuesday, November 8, 2022 at… [Read More]
Morguard North American Residential REIT Completes Acquisition of Rockville Town Square in Rockville, Maryland
The REIT expands investment in Rockville Town Square, a retail and community hub located in the city of Rockville MISSISSAUGA, ON, Sept. 27, 2022 /CNW/ – Morguard North American Residential REIT (TSX: MRG.UN) (the “REIT”) announced today it has acquired the retail portion of Rockville Town Square. Having purchased Fenestra Apartments in 2017, this acquisition… [Read More]
PointClickCare Expands its Footprint in Toronto’s Downtown Core
Company secures over 90,000 square feet of workspace, offering a more immersive and collaborative experience for its workforce
MISSISSAUGA, Ontario–(BUSINESS WIRE)–PointClickCare Technologies, a leading healthcare technology platform enabling meaningful collaboration and access to real‐time insights, today announced expansion of its Canadian headquarters to The Well. Located in one of Toronto’s most vibrant neighborhoods, the space will offer an immersive, rich experience for PointClickCare’s hybrid workforce. The company plans to welcome employees into the new space by Fall 2023.
“Being in a world class city like Toronto has a unique energy to it and we want to share that with our team, our customers and our business partners,” says Dave Wessinger, CEO and co-Founder, PointClickCare. “We see tremendous value in investing in a space where our employees want to work, live, and play, and we’re excited to be working with Allied to create a space designed for the future of work, one that is highly collaborative, helps to reduce our carbon footprint, and offers our team an employee experience like no other as we unite the company under one brand.”
The space spans 90,000 square feet and three floors and is conveniently situated near world-class restaurants, hotels, and event venues. Employee-first amenities include a state-of-the-art fitness center, a massive indoor/outdoor retail space, and parks and open spaces to enjoy.
“We are pleased to welcome PointClickCare to The Well,” said Michael Emory, President and CEO of Allied. “Our space continues to attract top brands and innovative companies looking to grow their footprint and provide their employees with best-in-class amenities. We’re committed to providing an immersive and meaningful experience for people in Toronto and across the globe.”
This will be PointClickCare’s fourth Canadian office, with other locations in Mississauga, Waterloo, and Toronto. The company will transition team members from its existing Toronto office to The Well once the space is ready.
“Toronto is one of the largest tech hubs in North America, and we see this expansion as a great opportunity to tap into the amazing tech talent that exists in our own backyard. We are incredibly thrilled to be among the many technology companies growing across our city,” says Wessinger.
To learn more about PointClickCare and the current available opportunities, visit the company’s Careers page here.
About PointClickCare
PointClickCare is a leading healthcare technology platform enabling meaningful collaboration and access to real‐time insights at any stage of a patient’s healthcare journey. PointClickCare’s single platform spans the care continuum, fostering proactive, holistic decision‐making and improved outcomes for all. Over 27,000 long‐term post‐acute care providers, and 2,700 hospitals use PointClickCare today, enabling care collaboration and value‐based care delivery for millions of lives across North America.
Contacts
Nicole Das
Media Relations
PointClickCare@pancomm.com
Alison Minaglia
Analyst Relations
Alison.Minaglia@pointclickcare.com
The Real Brokerage Inc. to Acquire LemonBrew Lending
TORONTO & NEW YORK–(BUSINESS WIRE)–$REAX #therealbrokerage–The Real Brokerage Inc. (“Real” or the “Company”) (NASDAQ: REAX) (TSX: REAX), an international, technology-powered real estate brokerage, today announced that it signed an agreement to acquire LemonBrew Lending Corp. (“LemonBrew Lending”). The acquisition marks the next pivotal step in executing Real’s strategy of developing a seamless end-to-end home buying experience.
LemonBrew Lending is a tech-enabled home loan platform, licensed to provide a full suite of mortgage services across 20 states in the U.S. including Texas, California, and Florida. The company currently operates as a mortgage brokerage, serving as an intermediary between borrowers and lenders. Additionally, LemonBrew Lending is licensed as a lender in certain states, positioning Real with the option to expand its mortgage platform as long-term strategic needs for the business evolve. As part of the acquisition, Chief Executive Officer of LemonBrew Lending, Samir Dedhia, along with 25 other employees will be joining the team at Real.
“We are excited to be joining forces with The Real Brokerage. Real’s technological vision for the future of integrated home buying is what drew us to the platform,” said Dedhia. “This industry is ripe for disruption, and together we can make a huge impact.”
“I am excited to welcome Samir and the team to Real. LemonBrew Lending will play a meaningful role in achieving our vision to reimagine what home buying can be,” said Chairman and Chief Executive Officer, Tamir Poleg. “With LemonBrew Lending’s current mortgage capabilities and future lending potential, we can now layer in another key building block to our consumer-facing strategy and take a significant stride towards developing a frictionless home buying experience.”
Transaction Details
Pursuant to the terms of a share purchase agreement dated September 23, 2022 between Real, LemonBrew Lending and LemonBrew Technologies Corp. (the “Seller”), the Company will acquire 100% of the issued and outstanding equity interests of LemonBrew Lending from the Seller for an aggregate purchase price of $1,250,000 (the “Acquisition”). The purchase price will be satisfied by (i) cash in the amount of $800,000 and (ii) the issuance of such number of common shares of Real (the “Consideration Shares”) equal to the product of $450,000 divided by the 5-day volume weighted average trading price of Real’s common shares on the NASDAQ immediately prior to the closing of the Acquisition. All dollar figures shown herein are presented in USD.
Completion of the Acquisition is subject to a number of further conditions precedent, including, but not limited to: (i) the execution of employment and consulting agreement between Real and certain key officers and employees of LemonBrew Lending; (ii) approval of regulatory consents and (iii) other customary closing conditions.
The Acquisition has been approved by Real’s Board of Directors, subject to customary closing conditions, including regulatory approvals, and is expected to close in the fourth quarter of 2022.
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, information relating to the Acquisition and the business and strategic plans of Real.
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. (NASDAQ: REAX) (TSX: 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 two Canadian provinces with over 6,000 agents. Additional information can be found on its website at www.onereal.com.
Contacts
Investors, for more 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
StorageVault Appoints Andrew Brown as President of RecordXpress
TORONTO, Sept. 26, 2022 (GLOBE NEWSWIRE) — STORAGEVAULT CANADA INC. (“StorageVault”) (SVI-TSX) is pleased to announce the appointment of Andrew Brown to the position of President – RecordXpress. Andrew will oversee StorageVault’s records and information management business as we continue to introduce integrated Records Management, Data Management, Digital Services, Shredding, Warehousing, and Fulfillment solutions for… [Read More]
Dream Industrial REIT Opens the Market
TORONTO , Sept. 26, 2022 /CNW/ – Brian Pauls, Chief Executive Officer, Dream Industrial Real Estate Investment Trust (“Dream Industrial REIT” or the “REIT”) (TSX: DIR.UN) and his team joined Tanya Rowntree, Global Head of Client Success, Toronto Stock Exchange (TSX), to celebrate the company’s ten year anniversary on TSX and to open the market. Dream… [Read More]
Killam Apartment REIT Confirms No Major Damage Following Hurricane Fiona
HALIFAX, NS, Sept. 26, 2022 /CNW/ – Killam Apartment REIT (TSX: KMP.UN) (“Killam” or the “REIT”) is pleased to confirm that employees and residents are safe, no residents are displaced and there is no major damage to its properties from Hurricane Fiona. Killam mainly experienced issues related to cladding at properties in Charlottetown. “We… [Read More]
SmartCentres Declares Distribution for September 2022
TORONTO, Sept. 26, 2022 (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 September 2022 of CDN $0.15417 per trust unit, representing CDN $1.85 per unit on an annualized basis. Payment will be made on October… [Read More]
Plaza Retail REIT Renews Normal Course Issuer Bid
FREDERICTON, NB, Sept. 26, 2022 /CNW/ – Plaza Retail REIT (“Plaza”) (TSX: PLZ.UN) announced today that it has received approval from the Toronto Stock Exchange (the “TSX”) to renew its existing normal course issuer bid (the “NCIB” or “bid”) for a further year. Under the terms of the renewed NCIB, Plaza may purchase up to… [Read More]
MINTO APARTMENT REIT ANNOUNCES CFO SUCCESSION PLAN
OTTAWA, ON, Sept. 23, 2022 /CNW/ – Minto Apartment Real Estate Investment Trust (TSX: MI.UN) (the “REIT”) announced today that its Chief Financial Officer, Julie Morin, will be transitioning back to the Minto Group as Chief Financial Officer. Following an extensive search process led by a leading global executive search firm, Edward (“Eddie”) Fu, currently… [Read More]
The Daniels Corporation Officially Breaks Ground on Daniels on Parliament Condominium Residence
New condominium residence, Daniels on Parliament, to drive design innovation, placemaking, social equity and inclusion in Regent Park
TORONTO–(BUSINESS WIRE)–The Daniels Corporation (“Daniels”), one of Canada’s pre-eminent builders and developers, officially began construction on its latest condominium residence in Regent Park, Daniels on Parliament. Located where Regent Park meets Cabbagetown, Daniels on Parliament is the final condominium within the third phase of the Regent Park revitalization. The condominium will feature two towers, at 25 and 10-storeys, rising from a shared podium.
During the groundbreaking event, Daniels provided details on its Partnership for Affordable Homeownership, a down payment assistance program created for current and past residents of Toronto Community Housing Corporation (TCHC) in Regent Park. Daniels also highlighted its placemaking initiatives designed to feature local artists and help drive social equity and inclusion while enhancing the public realm experience. In addition, Daniels announced that it is the first developer in Ontario to offer Ori Living’s robotic furniture units, which will be available in select studio suites at Daniels on Parliament.
“We are excited to bring our latest affordable homeownership program to Daniels on Parliament. We believe it is the duty of responsible builders and developers like us to create opportunities for positive social impact and change,” said Jake Cohen, Chief Operating Officer, The Daniels Corporation. “We recognize the potential our industry has to make a real impact and with our $5 million investment into this new program, we are continuing to make affordable homeownership a reality in Regent Park.”
Opportunities for Affordable Homeownership
The Partnership for Affordable Homeownership (PAH) is Daniels’ latest affordable homeownership program specifically tailored to current and past residents of TCHC who have lived in Regent Park for at least two years since the beginning of the revitalization in 2006. With an investment of up to $5 million, the program is completely funded by Daniels and provides down payment assistance for up to 50 per cent of the purchase price of a new home at Daniels on Parliament, in the form of second mortgage loan for up to 20 years that is interest and monthly payment free.
Understanding there are many intricacies to the homebuying process, Daniels has supported purchasers in preparing for first-time homeownership by offering the Daniels Homeownership 101 Workshop. This informative session is a required step in qualifying for the PAH program and covers all the key details surrounding homeownership. Additionally, all purchasers are also required to commit a minimum of 100 volunteer hours within the Regent Park community, to be fulfilled prior to occupancy, to support the building of a strong community. To date, 10 individuals and families have become homeowners at Daniels on Parliament through the PAH program.
“Over the past 15 years in Regent Park, Daniels has successfully created and implemented various affordable homeownership programs that help first-time buyers realize the dream of homeownership and Daniels on Parliament is an exciting new chapter,” said Heela Omarkhail, Vice President of Social Impact, The Daniels Corporation. “We continue to find ways to truly to be a ‘people-first’ developer and expand affordable homeownership programs that will play an instrumental role in fostering social cohesion and inclusion in this community.”
Daniels is also extending its partnerships with Habitat for Humanity GTA and BlackNorth Initiative (BNI) to Daniels on Parliament by providing two homes to Habitat Partner Families – one of which will be part of the BNI Homeownership Bridge Program. This partnership will help a Black family become homeowners, aiming to build security, stability, equity and opportunity in the Greater Toronto Area.
Partnering With Local Artists to Create Placemaking Opportunities
Daniels is proud to integrate placemaking opportunities at Daniels on Parliament that foster social cohesion and inclusion, as well as generate economic opportunities for local artists. Portfolio-wide, Daniels engages Artscape Atelier, a social enterprise to create opportunities for artists to meaningfully shape community and the built environment through site-specific public art, public realm and creative placemaking interventions.
Various local artists including Peter Kattan and Casey Watson will transform the street corner of Parliament and Gerrard into an artistic landmark that reflects the unique local character, narratives and heritage of the community. Rising where Regent Park meets Cabbagetown, Daniels on Parliament will be celebrated as a gateway to the community and will feature placemaking and artist-designed streetscape elements including murals, benches, light posts and bike rings creating a dynamic and impactful public realm.
“Artscape Atelier is thrilled to be the arts and culture partner, creating a multi-year public art program for the Daniels on Parliament community. This program will not only be a way to beautify the streetscape and create a sense of place, but it will be an important way to tell the Regent Park story,” said Grace Lee Reynolds, Chief Executive Officer at Artscape. “Through the opportunities created, we will be furthering our efforts to work with equity-deserving communities to overcome barriers. We look forward to the future of the Regent Park community, while working to honour the land we are privileged to continue to work on and be part of.”
Urban Innovation with Ori Living
Urban innovation will be at the core of Daniels on Parliament, with Daniels announcing that it is the first-ever Ontario developer to partner with Ori Living (Ori). Ori specializes in designing and supplying multi-use furniture that creates transformable spaces perfect for optimizing living space. At Daniels on Parliament, 40 studio units will integrate the Ori Pocket Closet as a standard feature, incorporating modular and robotic home furnishings that can be moved around and concealed when required. There will also be a number of studio suites with the option to upgrade to the Ori Pocket Closet. This partnership aims to help homeowners realize the full potential of their studio suites by maximizing living space through unique space optimization solutions and multifunctional furniture.
The partnerships and affordable housing initiatives incorporated at Daniels on Parliament build upon Daniels’ long-standing commitment to not only delivering homes but positive impact as well. Daniels on Parliament will celebrate the vibrancy and inclusivity of the Regent Park community while showcasing the importance of collective community impact.
For more information, visit https://spaces.hightail.com/receive/0w2uvrQhpQ.
About The Daniels Corporation
The Daniels Corporation (www.danielshomes.ca) is one of Canada’s pre-eminent builders/developers, building more than 35,000 new homes across the Greater Toronto Area for over 38 years. Daniels is the developer of TIFF Bell Lightbox and the City of the Arts community on Toronto’s East Waterfront. Among its many initiatives, Daniels partnered with Toronto Community Housing to redevelop Phases 1, 2 and 3 of the Regent Park revitalization, a 69-acre community in the heart of Toronto. At the core of the project is both a physical and social re-connection of this once stigmatized neighbourhood to the broader City of Toronto. Daniels continues to play an important role in the Regent Park Community. Understanding that quality of life is created by much more than physical buildings, Daniels goes above and beyond to integrate building excellence with opportunities for social, cultural and economic well-being.
Contacts
For more information or to request an interview:
Ema Asler
Kaiser & Partners
(647)-725-2520
ema.asler@kaiserpartners.com
Xpan Interactive Shifts its Headquarters Amongst Calgary’s Thriving Tech Sector
CALGARY, Alberta–(BUSINESS WIRE)–#Calgary–Xpan Interactive Ltd. (Xpan) has moved into a new Calgary headquarters to accommodate its tremendous growth amongst a thriving Alberta tech sector. The new office is located in Hillhurst, just north of the downtown core.
“We’re incredibly grateful for a strong support system for Alberta’s tech sector,” said Ron Thiele, President and Founder of Xpan. “As a long time advocate for the Alberta digital media industry, it’s an honour to continue our investment into our local community.”
Alberta’s tech sector has seen significant growth of nearly $500 million funded to date in 2022 with Calgary leading the province with 96% of headquarters investments. Xpan’s shift from its Triwood area office to their new Campana Place headquarters in Hillhurst was made possible with the efforts of Avision Young’s Commercial Real Estate Calgary team.
“Calgary has been our home for over 20 years, allowing us to work with Alberta post secondary institutions, government and industry partners to foster innovation and growth in Alberta jobs,” explained Thiele.
Xpan operates as a hybrid organization with team members working virtually across North America with multiple office locations. Calgary maintains the majority of the Xpan workforce, with the total team count expecting to reach 100 by the end of 2022.
The Calgary office is also home to Xpan’s internship program for the growth of talent from local schools. In addition, team members from across the country were invited to Calgary HQ in July for a series of professional development events, collaborative activities and celebrations.
Each Xpan team member is committed to supporting its clients in the development of advanced digital knowledge solutions, such as award-winning learning experiences produced in collaborations with industry and community partners.
“Calgary has supported our culture of belonging for over 20 years and we look forward to making it our home for many years to come,” said Thiele.
About Xpan Interactive Ltd.: Since 2001, Xpan has worked tirelessly to build creative and innovative digital knowledge solutions to help its clients meet their most pressing business needs and performance objectives. It continues to expand on its global mission to evolve behaviour and facilitate change with engaging and effective digital knowledge solutions. The Xpan team makes heroes of learning and development professionals, and improves workspace experience (and lives) across the globe, with better learning.
New Office Address
Suite 201, 609 14th Street NW
Calgary, Alberta, T2N 2A1
Contacts
Media Contacts:
Xpan Interactive Ltd.
Ron Thiele, President
Desk: 403.208.3848 ext 101
Email: ron@xpan.ca
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