Auction-based property company seeks damages for injurious falsehoods and an injunction against further interference in fair competition

OTTAWA, Ontario–(BUSINESS WIRE)–PropTech innovator Unreserved (“Unreserved,” “Unreserved.com, Inc.” or “the company”) today announced that it has filed suit against several real estate organizations for interference, defamation, and general damages. Claiming $25 million in damages, the company alleges that the Ottawa Real Estate Board and its President, Penny Torontow, along with the Ontario Real Estate Association and the Canadian Real Estate Association, have colluded to sabotage Unreserved’s business, undermine its relationships, and attack its reputation with consumers.

“Unreserved will not stand by while entrenched real estate interests gang up to suppress innovation in the market,” said Unreserved founder and CEO, Ryan O’Connor. “We’ve auctioned over 250 homes in the Ottawa area since opening for business in July of 2021, and as we gain market share, traditional real estate is going, ‘Oh, god, we need to get rid of auctions now.’ They’ve defamed our good name in front of home buyers and potential business partners alike, so we’re taking a stand for fairness and consumer choice in real estate.”

Unreserved contends that Torontow and Ontario Real Estate Association CEO Tim Hudak have defamed the company with “injurious falsehoods” in statements published on YouTube and in the Ottawa Citizen, respectively.

The lawsuit further claims damages to Unreserved’s relationship with the brokerage firm through which the company posted properties on the regional Multiple Listing System (MLS) database. By demanding all Unreserved listings include phrases like “for sale by an unregulated auction” and “subject to terms and conditions”, the Ottawa Real Estate Board (which operates the MLS) is allegedly trying to “scare and prevent” home buyers interested in the company’s offerings. Unreserved hopes to reassert its right to do business without tampering from anti-competitive interests and to promote consumer choice in the Canadian real estate market.

About Unreserved

The Unreserved technology platform is paving the way for a transparent way to buy and sell homes allowing buyers to bid on homes in a real-time online auction environment, removing blind-bidding and bully offers from the equation. In addition, Unreserved is a full-service auction company, offering staging, marketing, and promotion to attract qualified buyers and interested sellers.

Contacts

For Unreserved Media & PR Inquiries, please contact:
Cameron Thomas

cameron@verbfactory.com
416-660-9801

ROSEBURG, Ore.–(BUSINESS WIRE)–Legacy Resources, Inc. has listed its first fire-resistant residential home with safe home features and wheelchair access. The home is located in the wine country of Southern Oregon and overlooks Becker Vineyards in Roseburg, Oregon. The Umpqua River offers world-class fishing and other sportsman’s activities, which is right around the corner (MLS #22008096).

To achieve a fire-resistance rating, the construction includes Fox Blocks ICF 6” forms with rebar 6” on center throughout the envelope of the building, as well as a dual roof system that includes a primary concrete roof that allows for interior high ceilings at 10 feet, as ceilings of 9 feet or greater are known to prevent claustrophobia in the event of prolonged seclusion. The secondary pitched roof provides another layer of insulation for temperature control. The home was engineered, via lock and key, into the side of the hill. There is a whole-house air exchange system with heat recapture and filtration. Radiant floor heating and the 2021 EPA rated wood stove provide comfortable and efficient heat within the home. There is whole-house surge and EMP protection, which is supplemented with a whole-house generator panel. The property sits on top of a hill; there are multiple nearby water sources, plenty of animal wildlife and an opportunity for a comfortable level of economic and food security.

Don’t miss this opportunity to secure the home for your family’s future. A special thanks goes to G & P Contracting for the beautiful roof and Dave Hu Construction for the gorgeous tile work!

Contacts

Patrick Gartner

Phone: 888-380-6269

Email: Patrick.Gartner@LegacyResourcesUSA.com

TORONTO–(BUSINESS WIRE)–#valueforgenerations–Choice Properties Real Estate Investment Trust (“Choice Properties” or the “Trust”) (TSX: CHP.UN) announced today that the Science Based Target initiative (SBTi) has validated the Trust’s greenhouse gas (GHG) emissions reduction targets, making Choice Properties one of the first entities in Canada to have net-zero targets approved by the SBTi. The Trust’s targets are consistent with the primary goal of the Paris Agreement – to limit the rise in global temperature this century to 1.5 degrees Celsius.

In line with the stringent, science-based requirements of the SBTi’s Corporate Net Zero Standard, Choice Properties has adopted targets that apply to its entire portfolio of income-producing and development properties. Choice Properties has committed to reaching net-zero GHG emissions across its value chain by 2050 from a 2019 base year. This includes a 50% reduction in absolute scope 1 and 2 emissions, and a 30% reduction in scope 3 emissions from purchased goods and services, capital goods and downstream leased assets by 2030 from a 2019 base year. The Trust has also committed to reduce absolute scope 1 and 2 emissions 90% by 2050 from a 2019 base year and to reduce absolute scope 3 emissions 90% within the same timeframe.

“Fighting climate change is fundamental to our purpose of creating enduring value for all stakeholders and we are proud to deepen our environmental commitment with these targets,” said Rael Diamond, President and Chief Executive Officer. Mr. Diamond added, “By becoming one of the first net-zero approved entities in Canada validated by the SBTi’s rigorous process, we are leading by example in our industry and helping to prevent the effects of global warming in our communities.”

The Trust’s science-based targets build on the progress Choice Properties has made since issuing its first emissions reduction targets in 2019. In 2021, the Trust surpassed achievement of this target by reducing same-asset scope 1, 2, and limited scope 3 emissions by 24% from 2018.

Details on the Trust’s Environmental, Social and Governance (ESG) program and performance can be found in its 2021 Environmental, Social and Governance Report which aligns with leading disclosure standards including the Sustainability Accounting Standards Board (SASB) and Task Force on Climate-Related Financial Disclosures (TCFD). The 2021 ESG Report is available on the Trust’s website at choicereit.ca/sustainability.

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.

Forward-Looking Statements

This press release may contain forward-looking information within the meaning of applicable securities legislation, which reflects Choice Properties’ current expectations regarding future events including achievement of the Trust’s emissions reduction targets. 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 Choice Properties’ control that could cause actual results and events to differ materially from those that are disclosed in or implied by such forward-looking information. Such risks and uncertainties include, but are not limited to, Choice Properties’ ability to meet its greenhouse gas reductions targets, and the factors discussed in Choice Properties’ current Annual Information Form and 2022 First Quarter Report to Unitholders. Choice Properties does not undertake any obligation to update such forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required by applicable law. All forward-looking statements contained in this press release are made as of the date hereof and are qualified by these cautionary statements.

Contacts

Mario Barrafato

Chief Financial Officer

Choice Properties REIT

(416) 628-7872

Mario.Barrafato@choicereit.ca

TORONTO–(BUSINESS WIRE)–DREAM INDUSTRIAL REIT (TSX: DIR.UN) (the “Trust”) announced today its July 2022 monthly distribution in the amount of 5.833 cents per Unit (70 cents annualized). The July distribution will be payable on August 15, 2022 to unitholders of record as at July 29, 2022.

Dream Industrial REIT is an unincorporated, open-ended real estate investment trust. As at March 31, 2022, Dream Industrial REIT owns, manages and operates a portfolio of 244 industrial assets (358 buildings) comprising approximately 44.4 million square feet of gross leasable area in key markets across Canada, Europe, and the U.S. Dream Industrial REIT’s objective is to continue to grow and upgrade the quality of its portfolio which primarily consists of distribution and urban logistics properties and to provide attractive overall returns to its unitholders. For more information, please visit our website at www.dreamindustrialreit.ca.

Contacts

DREAM INDUSTRIAL REIT
Brian Pauls

Chief Executive Officer

(416) 365-2365

bpauls@dream.ca

Lenis Quan

Chief Financial Officer

(416) 365-2353

lquan@dream.ca

Alexander Sannikov

Chief Operating Officer

(416) 365-4106

asannikov@dream.ca

TORONTO–(BUSINESS WIRE)–DREAM OFFICE REIT (TSX: D.UN) (“Dream Office” or the “Trust”) today announced its July 2022 monthly distribution of 8.333 cents per REIT Unit, Series A ($1.00 annualized). The July distribution will be payable on August 15, 2022 to unitholders of record as at July 29, 2022.

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.

Contacts

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

TORONTO–(BUSINESS WIRE)–DREAM IMPACT TRUST (TSX: MPCT.UN) (“Dream Impact” or the “Trust”) today announced its July 2022 monthly distribution in the amount of 3.333 cents per Unit (40 cents annualized). The July distribution will be payable on August 15, 2022 to unitholders of record as at July 29, 2022.

About Dream Impact Trust

Dream Impact Trust is an open-ended trust dedicated to impact investing. Dream Impact’s underlying portfolio is comprised of exceptional real estate assets reported under two operating segments: development and investing holdings, and recurring income, that would not be otherwise available in a public and fully transparent vehicle, managed by an experienced team with a successful track record in these areas. The objectives of Dream Impact are to create positive and lasting impacts for our stakeholders through our three impact verticals: environmental sustainability and resilience, attainable and affordable housing, and inclusive communities; while generating attractive returns for investors. For more information, please visit: www.dreamimpacttrust.ca.

Contacts

DREAM IMPACT TRUST
Meaghan Peloso

Chief Financial Officer

(416) 365-6322

mpeloso@dream.ca

Kimberly Lefever

Director, Investor Relations

(416) 365-6339

klefever@dream.ca

TORONTO–(BUSINESS WIRE)–DREAM RESIDENTIAL REAL ESTATE INVESTMENT TRUST (TSX: DRR.U) (“Dream Residential REIT” or the “REIT”) today announced its July 2022 monthly distribution in the amount of US$0.035 per unit (US$0.42 annualized). The July distribution will be payable on August 15, 2022 to unitholders of record as at July 29, 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

For further information, please contact:

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