The REIT has purchased Echelon Chicago, a premium multi-suite residential property located in Chicago’s trendy Fulton River District MISSISSAUGA, ON, Aug. 18, 2022 /CNW/ – Morguard North American Residential REIT (TSX: MRG.UN) (the “REIT”) recently acquired Echelon Chicago, a Class A multi-suite residential complex, in downtown Chicago. Located on Desplaines Street, the Echelon Chicago has broad ranging appeal… [Read More]
Majesty and Friends Crowned 2022’s Canada’s Best Restroom
Edmonton retailer wins $2,500 in facility products and services from Cintas
MISSISSAUGA, Ontario–(BUSINESS WIRE)–Today Cintas Canada, Ltd. crowned Majesty and Friends in Edmonton, Alberta, the winner of the 2022 Canada’s Best Restroom contest! Majesty and Friends will receive $2,500 in Cintas products and services to help maintain their award-winning washrooms. The washrooms will also be honoured with a place in the Canada’s Best Restroom® Hall of Fame.
Now in its 13th year, Cintas’ nationwide contest highlights businesses that have invested in developing and maintaining exceptional washrooms that are accessible to the public.
“We’re so honoured to win the coveted title of Canada’s Best Restroom,” said Julie Morrison, owner, Majesty and Friends. “When we opened this location last year, I put all my savings into it to make our shop a truly memorable and fun destination for our community. I’m so grateful to Cintas for highlighting our business, and to the Edmonton community and our customers for their overwhelming support.”
Majesty and Friends is a modern design boutique. Their motto is “FUN, FUN, FUN,” so their washroom needed to offer the happiest vibes. The bright mural was inspired by the happiest treat on earth – ice cream. The flooring is Atra Flooring from Liverpool, and the sprinkles are made by Urban Walls. Their building at Manchester square is the biggest Instagrammable spot in Edmonton. Pink toilet paper and a cherry brush? Yes, please! With sprinkles!
“The state of the washroom can have an enduring effect on a guest’s perception of a business,” said Candice Raynsford, Marketing Manager, Cintas Canada. “Providing a facility that is clean and inviting takes the customer experience to the next level. Guests recognize this, and in Majesty and Friends’ case, customers have shown their appreciation by voting them this year’s Canada’s Best Restroom.”
Majesty and Friends promoted the contest on their Instagram page. They uploaded a reminder to their stories every second day and changed the website link in their profile to link to the Best Restroom voting page. They also promoted the contest on Twitter and Facebook. Finally, they created a QR code with a link to the Best Restroom website and posted it in the restroom, on the door and at the front counter. They also posted the QR code at other local businesses.
Nominees for this year’s contest were judged on five criteria: cleanliness, visual appeal, innovation, functionality and unique design elements. Online voting was open to the public June 6 through July 8. The other finalists (in alphabetical order) include:
- Niton Junction Petro-Canada (Niton Junction, Alberta)
- Rollick Co. (Black Diamond, Alberta)
- Toronto Zoo – African Rainforest Washroom (Toronto, ON)
- Versante Hotel (Richmond, B.C.)
For contest updates, fun facts and washroom trivia, “Like” Canada’s Best Restroom on Facebook at www.Facebook.com/CanadasBestRestroom.
For more information about the Canada’s Best Restroom contest or to receive a copy of the contest rules, contact Christina Alvarez at calvarez@mulberrymc.com or 708-908-0898.
About Cintas Canada, Ltd.
Cintas Canada Ltd, with headquarters in Mississauga, Ontario, is a subsidiary of Cintas Corporation. Cintas helps more than 55,000 Canadian businesses of all types and sizes get Ready™ to open their doors with confidence every day by providing a wide range of products and services that enhance our customers’ image and help keep their facilities and employees clean, safe and looking their best. With products and services including uniforms, floor care, restroom supplies, first aid and safety products, Cintas helps customers get Ready for the Workday®. Cintas is a publicly held company traded over the Nasdaq Global Select Market under the symbol CTAS and is a component of the Standard & Poor’s 500 Index.
Contacts
Christina Alvarez
Mulberry Marketing Communications
708-908-0898
calvarez@mulberrymc.com
QuoteToMe Launches Procore Integration
Partner Product Integration Will Provide a Procure-to-Pay Automated Solution for Construction Companies Using Procore
EDMONTON, Alberta–(BUSINESS WIRE)–QuoteToMe, a leading provider of procure-to-pay automation software, today announced a new partnership with Procore (NYSE:PCOR), a leading global provider of construction management software. QuoteToMe’s integration with Procore will help increase efficiency for contractor businesses looking to improve their procurement processes.
Construction is a $10T/year global industry, over $1T is spent on materials and equipment in the US and Canada alone. Due to an inefficient incumbent procure-pay workflow, the result is billions of dollars of waste on project overspend and re-work. The construction industry standard for procure-pay workflows includes manual non-centralized communication (phone, text, email) between project teams and suppliers, many paper-based processes, and little to no visibility between contractor departments (field, office and accounting).
Using QuoteToMe’s end-to-end platform consistently saves contractor field and office teams 75% of the time spent to source goods and process purchase orders (POs) and creates up to 15% cost savings on materials and equipment.
The integration between QuoteToMe and Procore helps effectively eliminate data entry and frees time for project managers and site supervisors. Using the QuoteToMe app, field and office users will have the ability to create purchase orders from their mobile devices or desktop computers that can automatically sync with Procore’s Project Financials product.
“Today, we welcome QuoteToMe to a global ecosystem of over 300 Procore App Marketplace Partners,” said Jas Saraw, VP Canada, Procore. “The seamless integration of QuoteToMe with our platform can save our customers time and money, allowing them to protect their profit margins and reduce the administrative burden of procurement.”
“Creating a seamless product experience for Procore users unlocks value for all. Our go-to-market and product strategy places a strong emphasis on integrating with leading software companies, like Procore,” said John Chabluk, QuoteToMe’s founder and CEO
QuoteToMe’s product is a fit for self-performing general and sub-contractors across all four customer segments: Emerging, Mid-Market, Major and Enterprise. Contractors’ clients annual revenue volumes ranging from $15M/year to $1B+.
The benefits of this new integration include:
- Request quotes from your preferred material and equipment suppliers, manage purchasing approvals, and enforce purchasing limits.
- Send completed purchase orders, invoices, and related documents directly to Procore.
- Create POs commitments directly from QuoteToMe’s mobile app to capture receipt-of-goods documents on-site or in the store.
- Rapid onboarding of new contractor customers.
- QuoteToMe syncs and makes Procore project, supplier, and cost code data available to users on-site or in the office through our web and mobile app.
About QuoteToMe
QuoteToMe is a technology company creating innovation for one of the biggest industries on the planet. We have re-imagined how materials, equipment, and services are sourced and paid for on construction projects by helping contractors buy better. Our mission is simple: We are digitizing the construction procure-to-pay workflow by creating a network that connects transaction stakeholders.
QuoteToMe is a privately owned company, with industry leading equity partners including: Builders VC, Blackhorn Ventures, Argonautic Ventures, Azure Capital Partners and the Stanford University Farmers Angel Investment Club. Learn more at quotetome.com
About Procore
Procore is a leading global provider of construction management software. Over 1 million projects and more than $1 trillion USD in construction volume have run on Procore’s platform. Procore’s platform connects key project stakeholders to solutions Procore has built specifically for the construction industry—for the owner, the general contractor, and the specialty contractor. Procore’s App Marketplace has a multitude of partner solutions that integrate seamlessly with Procore’s platform, giving construction professionals the freedom to connect with what works best for them. Headquartered in Carpinteria, California, Procore has offices in the United States, Canada and around the globe. Learn more at Procore.com.
Contacts
John Chabluk
QuoteToMe, Inc.
204-960-4486
jchabluk@quotetome.com
Nobul Wins Platinum Award In 2022 dotCOMM Competition for Excellence in Web Creativity & Communication
The consumer-centric digital real estate platform solidifies its place at the forefront of innovation and is recognized as standout leader in global tech by the international award competition
TORONTO–(BUSINESS WIRE)–#AwardWinner–Nobul Technologies (www.nobul.com), the consumer- centric real estate technology company that matches home buyers and sellers with the right real estate agent for their needs, is proud to announce that it has been named the Platinum winner of a dotCOMM Award in this year’s “Innovative App” category. The dotCOMM Awards are presented each year as an international competition that honors excellence in web creativity and digital communication in various categories that capture the top emerging tools, applications, and innovators in tech globally. The dotCOMM Awards program is hosted and judged by the Association of Marketing and Communication Professionals (AMCP), one of the most-recognized and highly regarded evaluators of creative work in the world. Nobul was honored as a category leader for its disruptive digital real estate marketplace and the impact it has already made on the consumer experience of buying or selling a home in North America. This year, the company experienced rapid growth, user adoption, and territorial expansion, having recently launched in Texas earlier this year.
“We’re honored to have been named the Platinum Award winner in this category, especially,” said Regan McGee, Founder, Chairman & CEO of Nobul. “Nobul is committed to innovation in everything we do, and we are proud to have had that ongoing effort recognized as a category king by AMCP. Every award Nobul wins is further validation of how this platform is changing the power dynamic in real estate relationships and emboldening the consumer in what can be one of the biggest and most intimidating transaction experiences of their lives. We were in excellent company for consideration in this category, and we would like to extend our sincere congratulations to the other nominees and winners in every category. Together, we are building a more transformative tomorrow for people across the globe.”
Nobul is the world’s only consumer-centric, open digital marketplace for buying, selling and trading residential real estate. The platform’s AI-driven agent matching algorithm empowers homebuyers and sellers with instant insights into the top local real estate agents in their areas who want to freely compete for their business. By aggregating comprehensive background data for agents (including commission, track record, transaction history and overall service offerings) automatically in one place, Nobul is emboldening buyers and sellers with unprecedented transparency, choice, and control when it comes to buying or selling a home (which, for many people, is the single biggest transaction of their entire lives). With no upfront risk or cost to agents, the platform also serves as an active, complimentary pipeline generator — ripe with qualified referrals, open communication, and transparent competition. With Nobul, consumers can tailor the home buying or selling experience to be exactly what they want it to be by instantly matching their own values and criteria to the right agent in the right place at the right price. As the first best step in the real estate experience, Nobul helps achieve favorable outcomes and profitable transactions for homebuyers, sellers, brokers and agents alike.
“We want to congratulate Nobul for being named a dotCOMM Platinum Award winner,” said Ed Dalheim, Executive Director of AMCP. “Winning companies are those whose talent and vision exceed a high standard of excellence, and whose work establishes an elevated baseline for the industry to rise to. It was evident to us that the Nobul platform is transforming how we market, communicate, connect, and transact within residential real estate — a core consumer experience that is capable of positively impacting millions of people worldwide when rooted in innovation.”
ABOUT NOBUL
Nobul Technologies (www.nobul.com) is the world’s only open digital consumer-centric marketplace connecting home buyers and sellers to the best real estate agent for them. Nobul’s platform enables buyers and sellers to easily access real estate agents’ transaction histories, pricing, services offered, and genuine reviews from people who have actually used them. The platform brings transparency, choice, accountability and simplicity to the real estate industry through powerful innovative technology supported by real people who truly care. To date, Nobul has achieved billions of dollars in sales across more than 100 markets throughout North America, including Canada, Texas, Florida, and Georgia. The company has won many prestigious awards including the CNBC Upstart 100 Award and has crossed over $5,000,000,000 (five billion dollars) in completed sales, since its inception. For more information on Nobul, visit www.nobul.com.
Contacts
Nicole Rodrigues
NRPR Group – for Nobul
nicole@nrprgroup.com
Dream Office REIT Renews Normal Course Issuer Bid and Announces Automatic Securities Purchase Plan
This press release contains forward-looking information that is based upon assumptions and is subject to risks and uncertainties as indicated in the cautionary note contained within this press release
TORONTO–(BUSINESS WIRE)–DREAM OFFICE REAL ESTATE INVESTMENT TRUST (D.UN-TSX) or (“Dream Office REIT”, the “Trust” or “we”) announced today that the Toronto Stock Exchange (“TSX”) accepted a notice filed by Dream Office REIT to renew its prior normal course issuer bid for a one year period. Under the bid, Dream Office REIT will have the ability to purchase for cancellation up to a maximum of 3,292,287 of its REIT Units, Series A (the “REIT A Units”) (representing 10% of Dream Office REIT’s public float of 32,922,872 REIT A Units) through the facilities of the TSX. The bid will commence on August 19, 2022 and will remain in effect until the earlier of August 18, 2023 or the date on which Dream Office REIT has purchased the maximum number of REIT A Units permitted under the bid. Daily repurchases will be limited to 34,512 REIT A Units, representing 25% of the average daily trading volume of the REIT A Units on the TSX during the last six calendar months (being 138,048 REIT A Units per day), other than purchases pursuant to applicable block purchase exceptions. As of August 5, 2022, the number of issued and outstanding REIT A Units is 47,035,382.
In connection with the renewal of its normal course issuer bid, Dream Office REIT has established an automatic securities purchase plan (the “Plan”) with its designated broker to facilitate the purchase of REIT A Units under the normal course issuer bid at times when Dream Office REIT would ordinarily not be permitted to purchase its REIT A Units due to regulatory restrictions or self-imposed blackout periods. Purchases will be made by Dream Office REIT’s broker based upon the parameters prescribed by the TSX and the terms of the parties’ written agreement. Outside of such restricted or blackout periods, the REIT A Units may also be purchased in accordance with Management’s discretion. The Plan has been pre-cleared by the TSX and will terminate on August 18, 2023.
Dream Office REIT has renewed its normal course issuer bid because it believes that REIT A Units may become available during the period of the bid at prices that would make the purchase of such REIT A Units for cancellation in the best interests of Dream Office REIT and its unitholders.
Dream Office REIT’s prior normal course issuer bid for the purchase of up to 3,676,723 REIT A Units expired on March 11, 2022, the date that the Trust acquired the maximum number of REIT A Units permitted under the bid. Under this bid, Dream Office REIT purchased for cancellation 3,676,723 REIT A Units through the facilities of the Toronto Stock Exchange at an average price of $23.79 for a total cost of approximately $87.5 million.
Dream Office REIT is an unincorporated, open-ended real estate investment trust. Dream Office REIT is a premier office landlord in downtown Toronto with over 3.5 million square feet owned and managed. We have carefully curated an investment portfolio of high-quality assets in irreplaceable locations in one of the finest office markets in the world. For more information, please visit our website at www.dreamofficereit.ca.
Forward-Looking Information
This press release may contain forward-looking information within the meaning of applicable securities legislation, including with respect to future purchases of REIT A Units by the Trust. Forward-looking information is based on a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond the Trust’s control, which could cause actual results to differ materially from those that are disclosed in or implied by such forward-looking information. These risks and uncertainties include, but are not limited to, general and local economic and business conditions; employment levels; mortgage and interest rates and regulations; the uncertainties around the timing and amount of future financings; uncertainties surrounding the COVID-19 pandemic; the effect of government restrictions on leasing and building traffic; the ability of the Trust and its tenants to access government programs; the financial condition of tenants; our ability to refinance maturing debt; leasing risks, including those associated with the ability to lease vacant space; rental rates on future leasing; future parking revenues and interest and currency rate functions. Our objectives and forward-looking statements are based on certain assumptions, including that the general economy remains stable, interest rates remain stable, conditions within the real estate market remain consistent, competition for acquisitions remains consistent with the current climate and that the capital markets continue to provide ready access to equity and/or debt. All forward-looking information in this press release speaks as of August 17, 2022. The Trust does not undertake to update any such forward-looking information whether as a result of new information, future events or otherwise, except as required by law. Additional information about these assumptions and risks and uncertainties is disclosed in filings with securities regulators filed on SEDAR (www.sedar.com). These filings are also available at the Trust’s website at www.dreamofficereit.ca.
Contacts
DREAM OFFICE REAL ESTATE INVESTMENT TRUST
Michael J. Cooper
Chairman and Chief Executive Officer
(416) 365-5145
mcooper@dream.ca
Jay Jiang
Chief Financial Officer
(416) 365-6638
jjiang@dream.ca
Halmont Properties Corporation Second Quarter Results
TORONTO, Aug. 17, 2022 (GLOBE NEWSWIRE) — HALMONT PROPERTIES CORPORATION (TSX-V: HMT) (“Halmont” or the “Company”) announced today that net income to common shareholders for the six months ended June 30, 2022, was $9,965,000 as compared to net income of $1,403,000 for the six months ended June 30, 2021. (thousands) Three months ended … [Read More]
Tribe Property Technologies Announces Timing of Second Quarter 2022 Results & Conference Call
VANCOUVER, BC, Aug. 17, 2022 /CNW/ – Tribe Property Technologies (TSXV: TRBE) (OTCQB: TRPTF) (“Tribe” or the “Company”) in conjunction with the release of its 2022 second quarter financial results, will host a management conference call at 2 pm (Pacific Time) on Monday, August 29, 2022 (“Conference Call”). The 2022 second quarter financial results will… [Read More]
NORTHWEST HEALTHCARE PROPERTIES REIT ANNOUNCES INCREASE IN SIZE TO PREVIOUSLY ANNOUNCED BOUGHT DEAL PUBLIC OFFERING OF CONVERTIBLE DEBENTURES FROM $125 MILLION TO $135 MILLION
TSX: NWH.UN /NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/ TORONTO, Aug. 17, 2022 /CNW/ – NorthWest Healthcare Properties Real Estate Investment Trust (TSX: NWH.UN) (“NorthWest” or the “REIT”) is pleased to announce that, due to strong demand, it has increased the size of its previously announced public offering, on… [Read More]
Integral Group Australia Rebranding as Introba to Align with Global Brands
SYDNEY–(BUSINESS WIRE)–Integral Group, a global network of deep green engineers and consultants, announced they are rebranding as Introba in the coming months. Today, Integral Group operates under different names across five countries – Australia, the United Kingdom, Serbia, Canada, and the United States. By uniting as Introba, the organization will bring together its more than 1,100 employees in 31 offices, creating one of the largest building engineering and consulting firms.
Introba is committed to transforming the built environment by creating dynamic environments — living systems — that are smart, resilient, and connected. It provides a diverse range of services, including district planning, technical design, system integration, and performance optimization through digital transformation and sustainable strategies.
Integral Group’s presence in Australia spans offices in Sydney, Melbourne, and Brisbane as a result of joining forces with leading building services and sustainability practice, Umow Lai, in 2021.
As part of the larger firm, Introba, these offices will continue to employ over 200 people operating out of the Capital Cities across the East Coast of Australia. Moving forward, the exceptional quality of service provided by Integral Group will not change, and clients will now have additional access to Introba’s global resources and expertise.
Founded in 2008 by Kevin Hydes, Integral Group is a leading deep green firm accelerating the adoption of sustainable building design, moving from green and net-zero buildings towards regenerative buildings that mitigate global environmental impacts and reduce ecological degradation.
Introba will streamline the complementary efforts of similar companies from around the world including Elementa Consulting in the United Kingdom, Elementa Engineering in New York City, United States, and Ross & Baruzzini, also headquartered in the United States.
“Integral Group, with an emphasis on decarbonization and resilience, has grown into a global firm that offers complete green engineering solutions for some of the most challenging and exciting projects in the world. As one strong organization, our combined businesses will empower our employees to uplift our shared communities, promote sustainability, and create smart, resilient, and connected built environments,” says Kevin Hydes, founder of Integral Group. Hydes will continue to play a crucial part in the leadership of strategic projects and activities as a specialty consultant.
Integral Group was a founding signatory of the World Green Building Council’s Net Zero Carbon Commitment and Carbon Leadership Forum’s MEP 2040 Challenge. The firm has also worked on over 100 Net Zero Energy buildings. Notable projects include the Technology and Innovation Complex (TIC) at James Cook University, the Melbourne Veterinary School Learning and Teaching Building, and the Royal Adelaide Hospital.
“As we take the first steps to full brand integration, we build on our shared legacy across Umow Lai and our partners throughout the U.K. and U.S.,” says Integral Group President Bill Overturf. “The rebranding represents our reaffirmed dedication to providing our customers with deep technical expertise, cutting-edge innovations, and worldwide resources. Many of us have already worked together on projects, and I’m excited to see this next, natural stage of our growth. Together, we can continue to improve the quality of life for our communities while promoting unity across our company by simplifying processes and procedures for employees to collaborate throughout all our offices.”
Introba will provide a full range of design services, including mechanical, electrical, plumbing, and fire protection engineering; technology systems; security consulting; medical equipment planning; aviation baggage handling; and sustainability consulting across key sectors, including commercial, healthcare, government, education, aviation, culture, and science and technology.
The combined firm will offer new services to provide advanced technology, consulting, and deep green engineering solutions.
The collective firms will begin operating as Introba by the end of 2022.
About Integral Group
Integral Group is an international network of engineers and consultants collaborating under a single “deep green” umbrella. We are pioneers of high-performance engineering at building and district scales and leaders in crafting sustainable strategy, planning, and policy. Home to innovators and systems thinkers with big ideas, we help our clients protect the health of our planet with the technical experience to deliver their project goals: www.integralgroup.com
About Elementa Consulting
Elementa Consulting, a member of Integral Group, is an interactive global network of design professionals collaborating under a single deep green engineering umbrella. We provide a full range of building system design and energy analysis services, with a staff widely regarded as innovative leaders in their fields. Located in offices across the United Kingdom, Europe, North America, and Australia, our passion for sustainable design runs deep: www.elementaconsulting.com
About Ross & Baruzzini
Ross & Baruzzini delivers integrated technology, consulting, and engineering solutions for safe, sustainable, and resilient facilities. Working across various industries, its team brings specialized expertise in medical equipment planning; network and communications; physical security; digital transformation; cybersecurity; and mechanical, electrical, plumbing, and fire protection engineering. Discover where innovation is made personal at www.rossbar.com.
Contacts
Eric Emmenegger, Vice President – Global Communications & Digital Marketing
eric.emmenegger@rossbar.com | 314-391-2115
InterRent REIT Announces August 2022 Distributions
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
OTTAWA, Ontario–(BUSINESS WIRE)–InterRent Real Estate Investment Trust (TSX-IIP.UN) (“InterRent”) announced today that its distribution declared for the month of August 2022 is $0.0285 per Trust unit, equal to $0.3420 per Trust unit on an annualized basis. Payment will be made on or about September 15, 2022, to unitholders of record on August 31, 2022.
About InterRent
InterRent REIT is a growth-oriented real estate investment trust engaged in increasing Unitholder value and creating a growing and sustainable distribution through the acquisition and ownership of multi-residential properties.
InterRent’s strategy is to expand its portfolio primarily within markets that have exhibited stable market vacancies, sufficient suites available to attain the critical mass necessary to implement an efficient portfolio management structure, and offer opportunities for accretive acquisitions.
InterRent’s primary objectives are to use the proven industry experience of the Trustees, Management and Operational Team to: (i) to grow both funds from operations per Unit and net asset value per Unit through investments in a diversified portfolio of multi-residential properties; (ii) to provide Unitholders with sustainable and growing cash distributions, payable monthly; and (iii) to maintain a conservative payout ratio and balance sheet.
The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Contacts
For further information:
Sandy Rose, CFA
Director – Investor Relations & Sustainability
(514) 704-2459
sandy.rose@interrentreit.com
www.interrentreit.com
Choice Properties Real Estate Investment Trust Declares Cash Distribution for the Month of August, 2022
Not for distribution to U.S. News Wire Services or dissemination in the United States.
TORONTO–(BUSINESS WIRE)–#valueforgenerations–Choice Properties Real Estate Investment Trust (“Choice Properties”) (TSX: CHP.UN) announced today that the trustees of Choice Properties have declared a cash distribution for the month of August, 2022 of $0.061667 per trust unit, representing $0.74 per trust unit on an annualized basis, payable on September 15, 2022 to Unitholders of record at the close of business on August 31, 2022.
About Choice Properties Real Estate Investment Trust
Choice Properties is a leading Real Estate Investment Trust that creates enduring value through the ownership, operation and development of high-quality commercial and residential properties.
We believe that value comes from creating spaces that improve how our tenants and communities come together to live, work, and connect. We strive to understand the needs of our tenants and manage our properties to the highest standard. We aspire to develop healthy, resilient communities through our dedication to social, economic, and environmental sustainability. In everything we do, we are guided by a shared set of values grounded in Care, Ownership, Respect and Excellence.
For more information, visit Choice Properties’ website at www.choicereit.ca and Choice Properties’ issuer profile at www.sedar.com.
Contacts
Mario Barrafato
Chief Financial Officer
Choice Properties REIT
(416) 628-7872
Mario.Barrafato@choicereit.ca
Mattamy Homes Selects Procore as its Construction Management Platform to Support Aggressive Growth
Procore will provide one of Canada’s largest home builders’ GTA Urban Division with a single source of truth for project information, which can scale as the company grows
TORONTO–(BUSINESS WIRE)–Procore Technologies, Inc. (NYSE: PCOR), a leading global provider of construction management software, today announced that the GTA Urban Division of Mattamy Homes Canada has chosen Procore as its construction management platform.
After an extensive search and evaluation, Mattamy selected Procore as its construction management software, including the Project Management, Financial Management and Tender Management products. In the future, it plans to incorporate BIM as it continues to digitize its processes.
The platform will provide the GTA Urban Division with a single source of truth for project information, including drawings, photos, specifications, RFIs and financials. The division plans for aggressive growth in the coming years, and needed a platform that could scale with its digital transformation ambitions.
Procore will initially be used on the sold-out Martha James project, which is steps from the waterfront in downtown Burlington, Ontario. All stakeholders will enjoy a unified experience with Procore’s unlimited user licensing model. All staff, consultants and contractors will be able to work together on the platform. This will be key as the GTA Urban Division pursues growth and Mattamy rolls out more projects managed with Procore.
Mattamy Homes is the largest privately owned homebuilder in North America. The vertically integrated developer performs its own construction, and plans to grow its midrise and highrise residential property offering with speed and scale, and will be building as many multi-family units per year as single-family homes in the next five years. It was recognized with Canada’s Best Managed Companies designation for 2022, 2021 and 2020.
“Of all the solutions we considered, Procore was the best fit for our team and how we work,” said David Stewart, Division President, GTA Urban, at Mattamy Homes. “Having all project information accessible on one platform will help us get the right information to the right stakeholders without delays or friction. It’s most important to us to use a platform that scales, in our case from the Martha James development to many future residential projects. Procore will deliver insights that will help drive our decision making.”
“We’re proud to begin our relationship with Mattamy Homes, GTA Urban Division,” said Jas Saraw, vice president, Canada at Procore. “The company’s vertical integration allows it to execute high-quality projects with control over every aspect of construction. We look forward to helping Mattamy Homes gain real-time insights into its projects, share information among stakeholders seamlessly and scale as the division grows.”
About Mattamy Homes
Mattamy Homes is the largest privately owned homebuilder in North America, with 40-plus years of history across the United States and Canada. Every year, Mattamy helps more than 8,000 families realize their dream of home ownership. In the United States, the company is represented in 11 markets – Dallas, Charlotte, Raleigh, Phoenix, Tucson, Jacksonville, Orlando (where its US head office is located), Tampa, Sarasota, Naples and Southeast Florida – and in Canada, its communities stretch across the Greater Toronto Area, as well as in Ottawa, Calgary and Edmonton. Visit www.mattamyhomes.com for more information.
About Procore
Procore is a leading global provider of construction management software. Over 1 million projects and more than $1 trillion USD in construction volume have run on Procore’s platform. Procore’s platform connects key project stakeholders to solutions Procore has built specifically for the construction industry—for the owner, the general contractor, and the specialty contractor. Procore’s App Marketplace has a multitude of partner solutions that integrate seamlessly with Procore’s platform, giving construction professionals the freedom to connect with what works best for them. Headquartered in Carpinteria, California, Procore has offices in the United States, Canada and around the globe. Learn more at Procore.com.
Contacts
Steve Gold/Anita Wong
StrategicAmpersand Inc. (on behalf of Procore)
ProcorePR@stratamp.com
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