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
Firm Capital Apartment REIT Announces Senior Management Changes
All amounts are in US Dollars unless otherwise stated.TORONTO, Sept. 22, 2022 (GLOBE NEWSWIRE) — Firm Capital Apartment REIT (the “Trust”), (TSXV: FCA.UN), (TSXV: FCA.U) today announces the resignation of Mark Goldreich as Chief Financial Officer of the Trust, effective September 30, 2022. Mark has decided to pursue other opportunities. The board and senior management… [Read More]
Timbercreek Financial Declares September 2022 Dividend
TORONTO, Sept. 22, 2022 (GLOBE NEWSWIRE) — Timbercreek Financial (TSX: TF) (the “Company”) is pleased to announce that it has declared a monthly cash dividend of $0.0575 per common share (“Common Share”) of the Company to be paid on October 14, 2022 to holders of Common Shares of record on September 30, 2022. The Company… [Read More]
First Capital REIT Announces Enhanced Capital Allocation and Portfolio Optimization Plan
/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/ Key Highlights FCR’s industry leading portfolio has substantial embedded value due to proactive management and value enhancing activities which have driven net asset value meaningfully higher Success of these value-enhancing strategies has created an abundance of low-yielding assets that are now… [Read More]
ERES REIT Outlines Minimal Impact To Business As A Result Of Recent Dutch Government Announcements
TORONTO, Sept. 22, 2022 (GLOBE NEWSWIRE) — European Residential Real Estate Investment Trust (TSX:ERE.UN, “ERES” or the “REIT”) announced today that on September 20, 2022, the Dutch government published its 2023 budget, as well as a number of announced changes to tax legislation. Key proposed changes which are relevant for the REIT include the following,… [Read More]
PROREIT ANNOUNCES SEPTEMBER 2022 DISTRIBUTION AND RENEWAL OF NORMAL COURSE ISSUER BID
/NOT FOR DISSEMINATION IN THE UNITED STATES OR DISTRIBUTION THROUGH UNITED STATES NEWS OR WIRE SERVICES./ MONTRÃAL, Sept. 22, 2022 /CNW Telbec/ – PRO Real Estate Investment Trust (“PROREIT” or the “REIT“) (TSX: PRV.UN) announced today that a cash distribution of $0.0375 per trust unit of the REIT (“Units“) for the month of September 2022… [Read More]
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