Gordon and Leslie Diamond donate a historic $25M, as the community matches it with another $25M

VANCOUVER, British Columbia–(BUSINESS WIRE)–Announced today, the Diamond Foundation has generously donated $25 million to JWest’s capital campaign, which aims to raise $125+ million. This matching gift is the first philanthropic contribution to the project and is the largest donation ever made by the Diamond Foundation. The Diamonds’ gift has a significant impact on the plans to transform the 3.3-acre property at West 41st and Oak Street in Vancouver, BC.

The Diamond Foundation’s effort leads the way in contributing to the most extensive project in the history of the Jewish community in Western Canada. The project, which is estimated to cost $400+ million, will be brought to life through philanthropy, government funding and astute financing, and will provide an invaluable and welcoming social, cultural, recreational and educational asset for all.

“We are pleased to be the first family to make a significant contribution to JWest’s capital campaign. Our family has called Vancouver home for almost a century, and we have always believed in contributing whatever we can to ensure there is a bright future for our children and their children,” say Gordon and Leslie Diamond, honorary JWest campaign co-chairs and members of the Diamond Foundation’s board.

Today’s announcement builds on the $25 million funding provided in 2021 by the B.C. government.

“Mazel tov! I’m so pleased that our government’s shared mandate commitment of $25 million and a $400,000 investment in redevelopment planning has been bolstered with philanthropic support from the Diamond Foundation and community,” says Melanie Mark, Hli Haykwhl Ẃii Xsgaak, minister of tourism, arts, culture and sport. “These generous contributions underscore the importance of a renewed Jewish Community Centre to 22,590 Jews and all people living in this community. It speaks to the power of working together to shine a light on our province’s diversity and inclusion.”

Once complete, the initiative will provide much-needed programs and services in the Oakridge neighbourhood. The JWest project will deliver a state-of-the-art community centre, expanded space for the Vancouver Holocaust Education Centre, a new theatre, a relocated King David High School and two residential towers that will provide mixed-use rental housing (a portion of which will be below-market rates). The development, with multiple construction phases, will also double the current number of childcare spaces and expand seniors’ programming.

“JWest is the amalgamation of decades of work, and the fact that we saw our gift matched so quickly sends a clear signal that the community stands behind this project,” says Jill Diamond, executive director of the Diamond Foundation. “The Diamond Foundation has had a unifying focus to assist and advocate for initiatives in the Vancouver area that help improve the quality of people’s lives. The impact JWest will have on the Jewish community and the surrounding Oakridge community is undeniable.”

JWest is the redevelopment and transformation of the property that includes the current Jewish Community Centre of Greater Vancouver, located at West 41st and Oak Street in Vancouver, BC. The project is a partnership between Jewish Federation of Greater Vancouver, the Jewish Community Centre, and King David High School.

“Today, we are thanking the Diamond Foundation for this transformational gift. A project of this magnitude will not be possible without the tremendous generosity demonstrated by the Diamond Foundation, as well as philanthropic support from the community at large,” explains Alex Cristall, JWest capital campaign chair. Mr. Cristall continues, “It is our hope that the Diamond Foundation’s incredible community leadership will serve as inspiration, and we are now calling on others to work with our team to champion this project in an equally impactful way.”

For more information about JWest, visit https://www.jwestnow.com

About JWest

JWest is the redevelopment and transformation of the 3.3-acre property at West 41st and Oak Street in Vancouver, BC. JWest is a partnership between the Jewish Federation of Greater Vancouver, the Jewish Community Centre, and King David High School. The $400+ million dollar project will deliver a state-of-the-art community centre, expanded space for the Vancouver Holocaust Education Centre, a new theatre, a relocated high school and two residential towers that will provide mixed-use rental housing (a portion of which to be below-market rates). The single largest project in the history of the Jewish community on the West Coast, it will be brought to life through government support, astute financing and philanthropic efforts within the local community in order to provide an invaluable and welcoming social, cultural, recreational and educational asset for all.

About the Diamond Foundation

The Diamond Foundation is a private charitable family foundation first endowed by its founders, Jack and Gordon Diamond in 1984. The foundation was established to improve the quality of people’s lives in the communities in which the benefactors live and do business. The emphasis of its giving is directed toward organizations and issues that strengthen Jewish community life in Greater Vancouver. The foundation also allocates a significant portion of its funds to Vancouver-area organizations that target young people who do not have the same opportunities as other youth to develop to their fullest potential or to participate in community life (Youth Initiatives Program) and other special interest projects that improve the quality of people’s lives in Greater Vancouver.

Contacts

Media:
Stuart Martin

stuart@talkshopmedia.com
604-445-4675

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

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