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FCT Integration With Canadian Residential Appraisal Library ReportPro™ From ACI Helps Reduce Appraisal Turn Times

August 24, 2022 By Business Wire

This integration marks the latest step forward in FCT’s mission to fuel growth and innovation across the real estate industry

OAKVILLE, Ontario–(BUSINESS WIRE)–FCT, the leading national service provider in real estate technology and title insurance, announced today an integration with Canadian Residential Appraisal Library (CRAL) ReportPro™ from ACI, a leading innovator in collateral valuation technologies.

This integration allows appraisers to directly populate appraisal forms with residential property information, capturing key data points in one click and reducing turnaround times by more than half in many instances.

“Our integration with ACI aligns with our commitment to provide our customers with intuitive, data-driven products and deliver the highest quality of service,” said Daniela DeTommaso, president of FCT. “By combining FCT’s industry leading technology with ACI’s robust data and innovative workflow solutions, we are one step closer to creating a seamless experience across the real estate lifecycle.”

“We are excited to partner with FCT in advancing the Canadian appraisal market through collaborative innovation,” said Jeremy Staudenmaier, managing senior director at ACI. “This initiative is a major step forward in modernizing the appraisal process, while maintaining the high standard of quality their customers have come to expect.”

About FCT

Based in Oakville, Ontario, FCT has over 1,000 employees across the country. FCT provides industry-leading title insurance, default solutions and other real estate-related products and services to approximately 450 lenders, 43,000 legal professionals and 5,000 recovery professionals, as well as real estate agents, mortgage brokers and builders, nationwide.

The Great Place to Work® Institute has named FCT one of Canada’s Top 50 Best Workplaces for eight consecutive years (2015-2022) and certified FCT as a Great Place to Work. The company was also recognized for the third consecutive year (2020-2022) on the list of Best Workplaces™ for Women. Earlier this year, FCT’s parent company, First American Financial Corporation, was named was named one of the 100 Best Companies to Work For by Great Place to Work® and Fortune magazine for the seventh consecutive year.

For more information on FCT, please visit the company website at www.fct.ca.

About ACI

ACI specializes in creating innovative workflow solutions for real estate appraisers, appraisal management companies and financial institutions. Backed by analysis-driven tools and industry expertise, ACI’s cloud-based and enterprise software applications empower stakeholders with a streamlined approach to managing forms, rules and data, while operating with audit-ready transparency and compliance. Through visionary leadership and dedication to client service, ACI has served as a reliable and driving force in the valuation industry for nearly 40 years. Headquartered in Palm Coast, Florida, ACI is a member of the First American (NYSE: FAF) family of companies.

For more information, visit www.aciweb.com.

Contacts

Jacquie Alford

Communications Manager

905.483.4568

jaalford@fct.ca

SmartCentres Declares Distribution for August 2022

August 23, 2022 By Globenewswire Tagged With: TSX:SRU.UN

TORONTO, Aug. 23, 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 August 2022 of CDN $0.15417 per trust unit, representing CDN $1.85 per unit on an annualized basis. Payment will be made on September… [Read More]

SCALE AI announces $1.1-million investment into Adastra x Taiga Building Products Supply Chain Optimization Project

August 23, 2022 By Business Wire

TORONTO–(BUSINESS WIRE)–Adastra, a global leader in AI and machine learning, is proud to announce that it has been awarded a $1.1-million investment from SCALE AI to support a supply chain optimization platform project for their partner Taiga Building Products.

SCALE AI is Canada’s supercluster dedicated to strengthening the country’s leadership role in the fields of artificial intelligence and data science. This is the second project SCALE AI has funded for Adastra this year, after their investment of $1-million into developing a smart platform to optimize agricultural yield in April 2022.

”By using AI to enable data-driven decisions on these critical elements of Taiga’s supply chain there will be a direct impact to the consumer with available inventory, lower costs, and a wider variety of products,” says Darren Edery, CEO, Adastra. “One of Taiga’s retail customers will participate in the project and provide real-time data that will be integrated into Taiga’s ‘just-in-time’ inventory model to create tangible impact along the building materials supply chain.”

Adastra saw a need for the project due to the fragmented nature of the building materials supply chain. The overall goal of this initiative is to use data inputs that are readily available in disparate systems and use advanced AI techniques to solve three of the most pressing bottlenecks in the building materials supply chain: accurate demand forecasting, maximizing truck loads, and optimizing warehouse layouts.

“Taiga sees the use of technology, specifically machine learning/artificial intelligence technology at the retail level to be a meaningful advancement for our customers,” says Hanif Jessani, Director, IT, Taiga Building Products. “The promotion of these tools will increase revenue for our customers and improve the overall value chain in the LBM space.”

In 2021, Adastra was awarded a Microsoft Impact Award in artificial intelligence. These annual awards recognize Microsoft partners that have focused on bettering the lives of Canadians and demonstrated excellence in sales, marketing, skilling, innovation, and implementation of customer solutions based on Microsoft technology. Coupled with their two projects funded by SCALE AI, Adastra is quickly becoming a leader in helping organizations address complex supply chain issues with artificial intelligence and machine learning. Their proven solutions in the space have been unlocking value for organizations and their clients.

Contact us to find out how Adastra can help your organization on your AI/ML journey.

About Adastra

Adastra transforms businesses into digital leaders. Since 2000, Adastra has been helping global organizations accelerate innovation, improve operational excellence, and create unforgettable customer experiences, all with the power of their data. By providing industry-leading Artificial Intelligence, Cloud, Digital, and Governance services and solutions, Adastra helps enterprises leverage data that they can manage and trust, connecting them to their customers – and their customers to the world. We have a proven track record of delivering enterprise-grade solutions to Fortune 1000 and SME organizations across all industries. More information can be found at www.adastracorp.com.

Contacts

Claire Elder, Corporate Communications, 1-647-308-8952

claire.elder@adastragrp.com

dataplor Expands to 150 million POIs in 100 Countries to Provide the Most Global Places Data

August 23, 2022 By Business Wire

MANHATTAN BEACH, Calif.–(BUSINESS WIRE)–dataplor started in 2017 with a mission to map the local businesses of Mexico. Having rapidly expanded in the past year and on track to triple annual revenue, the company’s data now covers 100 countries and 150 million POIs.

For businesses looking to expand abroad, data on local commerce in developing markets uncovers untapped opportunity. Highly accurate and comprehensive POI data is helping the world’s largest companies inform site selection, increase efficiency, better target customers, and identify international markets ripe for new entrants.

dataplor plans to extend coverage to 150 countries by the end of 2022 to continue providing customers with accurate POI data in developing economies. While pursuing growth, the firm remains committed to maintaining accuracy across all of its locations.

dataplor has been able to grow in an industry with entrenched competitors because it goes several steps further than others to verify the accuracy of data abroad — in markets where the data peddled is often full of errors.

Expanding coverage and data accuracy across the globe

Since March 2022, dataplor has doubled its total count of POIs, and its coverage has increased from 10 countries in Q2 2021 to 100 countries today, spanning Latin America, Asia, Europe, the Middle East, and Africa. The world’s largest tech, CPG, and financial services companies rely on the data company to understand global markets.

The leading factor behind dataplor’s swift growth is its multi-step data collection and verification process. By working with local experts to vet geospatial data, the firm closes gaps in machine errors with boots-on-the-ground verification to ensure its numbers truly reflect local businesses, which are always changing. This dynamic accuracy gives dataplor’s intelligence an edge over rivals who have accurate information for developed economies like the US but haven’t done the legwork to understand poorly mapped business geographies in, say, India or Brazil.

Tracking places attributes such as storefronts, industry types, and business hours, dataplor paints a picture of hyperlocal economies to reveal broader trends. POI data can uncover holes in local brick-and-mortar economies, highlighting regions, for example, where retailers or CPGs can increase sales and marketing efforts. POI data also reveals which chains and brands are growing or receding in certain areas, informing site selection.

With data still scant in many nations, dataplor plans to expand further to provide its customers the information they need country by country. And the company will deploy not just AI and ML for data collection and verification but also local experts to ensure it maintains its precision with each additional market.

Tempering growth with conscientious upkeep

For a data intelligence firm dealing in local business information, keeping records up to date is a never-ending pursuit. From zip code changes to storefront closures, the work of maintaining accurate information in diverse markets continues.

As a sign of the company’s commitment to ensuring accuracy while pursuing growth, dataplor has increased its core team by 30%.

Dedicated to maintaining the infrastructure needed to ensure accuracy across locations old and new, dataplor is putting businesses on the map in international markets and lighting the way for companies looking to establish themselves abroad.

Contacts

dataplor

Geoffrey Michener

+1 202-643-6338

contact@dataplor.com

True North Commercial Real Estate Investment Trust Closes Acquisition of Federal Government Tenanted Property in Downtown Ottawa

August 22, 2022 By NewsWire Tagged With: TSX:TNT.UN

174,000 square feet, 98% occupied, 6.4 years WALT, LEED Gold Certified /NOT FOR DISTRIBUTION IN THE U.S. OR OVER U.S. NEWSWIRES/ TORONTO, Aug. 22, 2022 /CNW/ – True North Commercial Real Estate Investment Trust (TSX: TNT.UN) (the “REIT“) is pleased to announce it has closed the previously announced acquisition of a Federal government tenanted office… [Read More]

PROREIT ANNOUNCES AUGUST 2022 DISTRIBUTION

August 22, 2022 By NewsWire Tagged With: TSX:PRV.UN

MONTREAL, Aug. 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 for the month of August 2022 will be payable on September 15, 2022 to unitholders of record as at August 31, 2022. About PROREIT PROREIT… [Read More]

Empire Company Limited celebrates the launch of Scene+ in Atlantic Canada stores, and prepares to launch next in Western Canada

August 22, 2022 By NewsWire Tagged With: TSX:EMP.A

Customers at Atlantic Canada Sobeys, Foodland, Voilà by Sobeys, Needs and Lawtons Drugs stores are now earning Scene+ points when shopping and, until September 21, have a chance to win free groceries for a year1 Scene+ will roll out at Empire’s other banners by region across the country this year and into early 2023, with… [Read More]

Morguard Completes Acquisition of a New Class A Office Complex in Kanata (Ottawa), Ontario

August 22, 2022 By NewsWire Tagged With: TSX:MRC

Morguard purchased 3199 Palladium Drive, a best-in-class fully leased office complex located in the Kanata West Business Park MISSISSAUGA, ON, Aug. 22, 2022 /CNW/ – Morguard Corporation (TSX: MRC) (“Morguard”) recently acquired a Class A office building located at 3199 Palladium Drive that is fully leased. The property is situated in Kanata, a fast-growing suburb… [Read More]

KADESTONE CAPITAL CORP. REPORTS Q2 2022 FINANCIAL RESULTS

August 19, 2022 By NewsWire Tagged With: TSX VENTURE:KDSX

/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/ VANCOUVER, BC, Aug. 19, 2022 /CNW/ – Kadestone Capital Corp. (“Kadestone” or the “Company”) (TSXV: KDSX) (OTCB: KDCCF), a vertically integrated property company today announced its financial results for the six months ended June 30, 2022. “We continue to progress at… [Read More]

Inovalis Real Estate Investment Trust Announces Distributions for September, October and November, 2022

August 19, 2022 By Business Wire

TORONTO–(BUSINESS WIRE)–Inovalis Real Estate Investment Trust (the “REIT”) (TSX: INO.UN) announced today that its Board of Trustees has declared the REIT’s monthly cash distribution for the months of September, October and November 2022 as per the following schedule:

Month

Record Date

Distribution Date

Distribution Amount

September, 2022

September 30, 2022

October 17, 2022

$0.034375

October, 2022

October 31, 2022

November 15, 2022

$0.034375

November, 2022

November 30, 2022

December 15, 2022

$0.034375

ABOUT INOVALIS REAL ESTATE INVESTMENT TRUST

Inovalis Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established pursuant to a declaration of trust under the laws of the Province of Ontario. The REIT has been created for the purpose of acquiring and owning office properties primarily located in France, Germany and Spain but also opportunistically in other European countries where assets meet the REIT’s investment criteria.

Contacts

David Giraud, Chief Executive Officer
Inovalis Real Estate Investment Trust

+33 1 5643 3323

david.giraud@inovalis.com

Khalil Hankach, Chief Financial Officer
Inovalis Real Estate Investment Trust

+33 1 5643 3313

khalil.hankach@inovalis.com

Crown Land Lease Approved for the Development and Operation of Spaceport Nova Scotia

August 19, 2022 By Business Wire

CANSO, Nova Scotia–(BUSINESS WIRE)–Today, Maritime Launch Services (Nova Scotia) Ltd. (NEO: MAXQ) is pleased to announce that the Company has signed a crown land lease with the Province of Nova Scotia for land to develop and operate Spaceport Nova Scotia.

The Company is leasing approximately 334.5 acres of crown land near the rural communities of Canso, Little Dover and Hazel Hill.

“Acquiring the land lease is a huge milestone for Maritime Launch and the development of Spaceport Nova Scotia,” says Stephen Matier, President and CEO, Maritime Launch Services. “This land lease cements Nova Scotia’s place as a leader in Canada’s growing space industry. We’re excited to build Spaceport Nova Scotia, but even more excited to build our team in Canso, Hazel Hill, and Little Dover, creating good jobs in the growing space sector”.

The lease granted by the Province of Nova Scotia is a 20-year term with an option to renew for another 20 years, should the Company comply with the terms and conditions outlined in the lease. The purpose of the lease is to use the Crown Lands for the development of a private commercial space launch site consisting of a horizontal integration facility, launch pad, and related infrastructure to support launch activities.

About Maritime Launch Services

Maritime Launch is a Canadian-owned commercial space company based in Nova Scotia. Maritime Launch is developing Spaceport Nova Scotia, a launch site that will provide satellite delivery services to clients in support of the growing commercial space transportation industry over a wide range of inclinations. The development of this facility will allow for medium class launch vehicles to place their satellites into low-earth orbit. This will be the first commercial orbital launch complex in Canada.

Forward Looking Statements

This news release contains “forward-looking statements” within the meaning of applicable securities laws. All statements contained herein that are not clearly historical in nature may constitute forward-looking statements.

Generally, such forward-looking information or forward-looking statements can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or may contain statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “will continue”, “will occur” or “will be achieved”. The forward-looking information and forward-looking statements contained herein include, but are not limited to, statements regarding: the timing of spaceport construction and ability to launch medium class vehicles.

Forward-looking statements in this news release are based on certain assumptions and expected future events, namely: the Company’s ability to continue as a going concern; the Company’s ability to continue to develop revenue-generating applications; continued approval of the Company’s activities by the relevant governmental and/or regulatory authorities; the continued growth of the Company; the Company’s ability to finance its operations until profitability can be achieved and sustained..

These statements involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from those expressed or implied by such statements, including but not limited to: the potential inability of the Company to continue as a going concern; risks associated with potential governmental and/or regulatory action with respect to the Company’s operations; the inability of the Company to provide the enumerated services; and availability of launch vehicles.

Readers are cautioned that the foregoing list is not exhaustive. Readers are further cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated.

Forward-looking statements contained in this news release are expressly qualified by this cautionary statement and reflect the Company’s expectations as of the date hereof and are subject to change thereafter. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, estimates or opinions, future events or results or otherwise or to explain any material difference between subsequent actual events and such forward-looking information, except as required by applicable law.

Contacts

Maritime Launch Services
Sarah McLean, Vice President of Communications and Corporate Affairs

sarah.mclean@maritimelaunch.com
www.maritimelaunch.com
902.402.6947

Dream Residential REIT Announces August 2022 Monthly Distribution

August 19, 2022 By Business Wire

TORONTO–(BUSINESS WIRE)–DREAM RESIDENTIAL REAL ESTATE INVESTMENT TRUST (TSX: DRR.U) (“Dream Residential REIT” or the “REIT”) today announced its August 2022 monthly distribution in the amount of US$0.035 per unit (US$0.42 annualized). The August distribution will be payable on September 15, 2022 to unitholders of record as at August 31, 2022.

About Dream Residential REIT

Dream Residential REIT is a newly created, unincorporated, open-ended real estate investment trust established and governed by the laws of the Province of Ontario. The REIT owns an initial portfolio of 16 garden-style multi-residential properties, consisting of 3,432 units primarily located in three markets across the Sunbelt and Midwest regions of the United States. For more information, please visit www.dreamresidentialreit.ca.

Contacts

Dream Residential REIT

P. Jane Gavan
Chief Executive Officer

(416) 365-6572

jgavan@dream.ca

Derrick Lau
Chief Financial Officer

(416) 365-2364

dlau@dream.ca

Scott Schoeman
Chief Operating Officer

(303) 519-3020

sschoeman@dream.ca

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