MONTRÃAL, June 29, 2022 /CNW Telbec/ – BTB Real Estate Investment Trust (TSX: BTB.UN) (“BTB” or the “REIT“) announces the acquisition of an industrial property located at 3905 Allard Avenue in Edmonton, Alberta for a total consideration of 12.95M$, excluding transaction costs and adjustments. About the Acquisition Built in 2011, the property is a 51,747 square foot… [Read More]
The Pozek Group Joins The Real Brokerage
Orlando-Based Real Estate Team to be Led by Founder Ken Pozek
TORONTO & NEW YORK–(BUSINESS WIRE)–$REAX #therealbrokerage–The Real Brokerage Inc. (“Real” or the “Company”) (NASDAQ: REAX) (TSXV: REAX), an international, technology-powered real estate brokerage, today announced that The Pozek Group, based in Orlando, Florida, is joining its growing network of agents.
The Pozek Group has a team of 17 agents who will be joining Real. The Pozek Group was founded by Ken Pozek in 2016. Starting in Michigan and eventually relocating to Florida, Pozek has been in the real estate industry for more than seventeen years. Over the past 12 months, the group has closed $170 million in transaction volume and has significant goals for the remainder of 2022.
“I think we have a unique opportunity to grow something with Real, which is attracting some of the most highly respected people in the industry,” said Ken Pozek. “The revenue share and equity awards are also great incentives. I like knowing that I can add that to my agents’ toolbox, while helping them grow independently and as part of our team.”
“We are happy to welcome The Pozek Group to the Real family,” said Real Chairman and Chief Executive Officer Tamir Poleg. “Florida is a big market for us, and we have seen significant growth in the Orlando area. To have Ken and his team join Real will only increase our footprint in the area, and we look forward to working with them to serve even more buyers and sellers in the state.”
About Real
The Real Brokerage Inc. (NASDAQ: REAX) (TSXV: 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 5,000 agents. Additional information can be found on its website at www.joinreal.com.
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 Pozek Group joining Real, 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.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release, and the NASDAQ has neither approved nor disapproved the contents of this press release.
Contacts
The Real Brokerage Inc.
Elisabeth Warrick
elisabeth@therealbrokerage.com
Investors:
Jason Lee
Vice President, Capital Markets & Investor Relations
investors@therealbrokerage.com
908-280-2515
Flagship Communities Real Estate Investment Trust Wins Kentucky Manufactured Housing Institute’s Highest Award for Suburban Pointe
/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/ ERLANGER, Ky., June 28, 2022 /CNW/ – Flagship Communities Real Estate Investment Trust (REIT) (TSX: MHC.U) received the Kentucky Manufactured Housing Institute’s (KMHI) highest award for Community of the Year for Suburban Pointe in Lexington, Kentucky. The 546-lot community that has an… [Read More]
Morguard Real Estate Investment Trust 2022 Second Quarter Results Conference Call
MISSISSAUGA, ON, June 28, 2022 /CNW/ – Morguard Real Estate Investment Trust (the “Trust”) (TSX: MRT.UN), expects to announce its financial results for the second quarter ended June 30, 2022 on Wednesday, July 27, 2022. The Trust invites you to participate in a conference call on Thursday, July 28, 2022 at 4:00 p.m. (ET). An… [Read More]
Morguard North American Residential REIT 2022 Second Quarter Results Conference Call
MISSISSAUGA, ON, June 28, 2022 /CNW/ – Morguard North American Residential Real Estate Investment Trust (the “REIT”) (TSX: MRG.UN), expects to announce its financial results for the second quarter ended June 30, 2022 on Tuesday, July 26, 2022. The REIT invites you to participate in a conference call on Thursday, July 28, 2022 at 3:00… [Read More]
KADESTONE CAPITAL CORP. ANNOUNCES APPOINTMENT OF DR. ANTHONY HOLLER AS CHAIR
/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/ VANCOUVER, BC, June 27, 2022 /CNW/ – Kadestone Capital Corp. (“Kadestone” or the “Company“) (TSX-V: KDSX) (OTCB: KDCCF), a vertically integrated property company, is pleased to announce that the board of directors (the “Board“) has appointed Dr. Anthony Holler as Chair… [Read More]
World Cinema Inc. Enters Agreement to Acquire Hospitality WiFi LLC
The combination creates a converged services powerhouse serving approximately 7,000 properties representing over 900,000 rooms
HOUSTON–(BUSINESS WIRE)–World Cinema, Inc. (“WCI”), a leader in deploying and serving property technology for over forty years, today announced it has entered an agreement to acquire Ohio-based Hospitality WiFi LLC, a global leader in delivering Internet Protocol-based wired and wireless networking experiences to the hospitality industry. The combination creates the most customer-centric, well-rounded, and qualified technology services partner for brands, owners, and managers in the institutional real estate industry.
Hospitality WiFi was formed over 21 years ago to satisfy the then-emerging need for hotels to add Wi-Fi connectivity to their guest experiences. Growing to over 2,800 properties on over 5 continents, they have been instrumental in satisfying the growing needs of guest connectivity.
The two companies share the commitment to delivering customer-centric solutions. The promise of both companies is to deliver every time, with no exceptions. The combination is a catalyst to deliver convergence of in-room entertainment, seamless wireless networking experiences, and transformative connected applications like digital signage, smart building, and common area video intelligence services. By maintaining cost leadership and high levels of customer satisfaction, this partnership can increase financial returns for clients by improving top-line occupancy and RevPAR and increasing income by adding operating efficiencies.
Tommy Fatjo, President of World Cinema, said, “A real attraction to Hospitality WiFi is the team and their attitude towards their customers. It’s the same culture that has allowed World Cinema to deliver substantial organic growth and success over the past four decades. This is the beginning of a powerful combination which will deliver benefits to our clients and create opportunities for the employees and loyal partners of each company. We are excited to build the future of property technology together.”
Jason Szuch, President and Chief Executive Officer of Hospitality WiFi, said, “When I founded Hospitality WiFi in 2001, we had a vision to be the number one choice of hotel owners and brands. I’m so proud Hospitality WiFi is joining World Cinema, a company that is known for its long successful track record of delivering hospitality technology services to some of the largest properties and enterprises in the U.S. I’m looking forward to taking our customers to the next level with the combination of our two companies.”
About World Cinema, Inc.
World Cinema, Inc. (WCI) is a trusted provider of video, advanced connectivity and professional services to properties and enterprises across the U.S., Canada, Mexico and the US Virgin Islands. With a dedication to customer service, WCI is leading the way in delivering innovative technology solutions that enhance the resident, guest, and staff experience. From managed services to digital transformation, WCI is a single point of contact for all a property’s technology needs.
Founded in 1974, WCI is a privately held company headquartered in Houston, Texas. The company serves over 7,000 properties with nearly 900,000 rooms under management.
For more information, visit www.wcitv.com
About Hospitality WiFi
Hospitality WiFi (HWF) has been providing guest WiFi and other services since 2001. With the goal of offering a better guest experience for hospitality properties, MDUs, restaurants, offices, and other locations on multiple continents, HWF designs, installs, and supports wired and wireless networks, including site surveys, equipment selection and purchase, installation, and ongoing maintenance and management. HWF’s expertise with converged networks enables simplified management and an improved customer experience, with services including:
- HSIA/WiFi Managed Solutions
- 24x7x365 Guest Support
- Voice, Video, and Data Solutions for Communications and Guest Entertainment
For more information, please visit www.hospitalitywifi.com
Transaction Details
This transaction is subject to customary closing requirements. Derick Schaudies led the TI Partners team as exclusive financial advisors to Hospitality WiFi.
Contacts
World Cinema
Ella Steele
Esteele@onewci.com
Hospitality WiFi
Melanie Swiderek
Melanie@hospitalitywifi.com
Real Matters to Announce Third Quarter Fiscal 2022 Financial Results on July 28, 2022
TORONTO–(BUSINESS WIRE)–Real Matters Inc. (“Real Matters”), a leading network management services provider for the mortgage lending and insurance industries, will announce its third quarter financial results via news release on Thursday, July 28, 2022, before market open.
Conference Call and Webcast
A conference call to review the results will take place at 10:00 a.m. (ET) on Thursday, July 28, 2022, hosted by Chief Executive Officer Brian Lang and Chief Financial Officer Bill Herman. An accompanying slide presentation will be posted to the Investor Relations section of our website shortly before the call.
To access the call:
- Participant Local (Toronto): (416) 764-8642
- Participant Toll Free Dial-In Number: (888) 884-4523
- Conference ID: 06369257
To listen to the live webcast of the call:
The webcast will be archived and a transcript of the call will be available in the Investor Relations section of our website following the call.
About Real Matters
Real Matters is a leading network management services provider for the mortgage lending and insurance industries. Real Matters’ platform combines its proprietary technology and network management capabilities with tens of thousands of independent qualified field professionals to create an efficient marketplace for the provision of mortgage lending and insurance industry services. Our clients include top 100 mortgage lenders in the U.S. and some of the largest insurance companies in North America. We are a leading independent provider of residential real estate appraisals to the mortgage market and a leading independent provider of title and mortgage closing services in the U.S. Headquartered in Markham (ON), Real Matters has principal offices in Buffalo (NY) and Middletown (RI). Real Matters is listed on the Toronto Stock Exchange under the symbol REAL. For more information, visit www.realmatters.com.
Contacts
Lyne Beauregard
Vice President, Investor Relations and Corporate Communications
Real Matters
lbeauregard@realmatters.com
416.994.5930
Allied Releases Third Annual Environmental, Social and Governance Report
TORONTO, June 27, 2022 (GLOBE NEWSWIRE) — Allied Properties Real Estate Investment Trust (“Allied”) (TSX:AP.UN) today announced it has published its 2021 Environmental, Social and Governance (ESG) Report. Allied’s 2021 performance exceeded its 2024 reduction targets for Energy Use Intensity (EUI), Greenhouse Gas Intensity (GHGI) and Water Use Intensity (WUI). In order to continuously improve… [Read More]
Eddy Smart Home Solutions Ltd. and Tridel Partner for Water Control in the Well
TORONTO, June 27, 2022 /CNW/ – Eddy Smart Home Solutions Ltd.’s (Eddy) (TSXV: EDY) is pleased to announce an agreement that was entered into on May 19, 2022 for extensive protection at Tridel’s the Well Toronto Condos and Residences. Tridel, a part of the Tridel Group of Companies, is one of Canada’s largest real estate… [Read More]
Construction Has Started at Vaughan’s Sold Out Vincent Condominiums
VAUGHAN, Ontario–(BUSINESS WIRE)–Ground has been broken for Vincent Condominums, a 766-unit, two-tower condominium, following an impressive 8-month selling program.
Vincent is among the largest condominium projects currently underway in the GTA. This makes the extremely fast market absorption a notable accomplishment, and a vote of confidence in the building, the developers and its location in the new VMC.
The celebration was officiated by Vaughan’s Mayor Maurizio Bevilacqua, Councillor Sandra Yeung-Racco and representatives of the builder/developer.
Hon. Maurizio Bevilacqua, P.C., Mayor, City of Vaughan said, “I am pleased to welcome Vincent Condominiums to the Vaughan Metropolitan Centre (VMC), the city’s dynamic downtown core. The VMC continues to rise to new and unprecedented heights, growing well beyond projected growth rates at 267 per cent. The heart of Vaughan’s downtown is home to several transformational projects, including the VMC Subway, high-rise towers, and commercial office buildings, which have created thousands of jobs, public art projects and community event spaces. As a result, Vaughan is outpacing national, provincial and regional growth rates with real GDP growth at 7 per cent. Since 2010, the city has issued more than $15 billion in building permits and 70,000 additional jobs have been created. I want to congratulate the development team of Rosehaven Homes, Townwood Homes and Guglietti Brothers Investments and express my sincerest gratitude for their meaningful city-building contributions. By making investments, creating jobs and giving back to the community, you are making a positive difference and demonstrating the spirit of generosity that radiates in Vaughan.”
Created by an impressive development team of Rosehaven Homes, Townwood Homes and Guglietti Brothers investments, each of these companies is owned by members of the extended Guglietti family, a group with a long history of building and development in Vaughan, and across the GTA. With Vincent, the project’s name, and the vision behind it, was more than business. Vincent is an expression of their family history.
Spokesman Silvio Guglietti said, “For the Guglietti family, the Official Groundbreaking of Vincent has a very personal importance to us. The Guglietti family came to Canada from a little town in Italy called Sora, just outside Rome in Lazio. It’s actually the twin-city of Vaughan. In our town, the small church that our family belonged to was San Vincenzo Ferreri, or Saint Vincent Ferrer. And our grandfather, the man we are all descended from was named Vincent, or Vincenzo, after this saint.”
To create this new landmark condominium community, the Guglietti family were committed to choosing a world-class team of consultants to complement their own extensive internal resources.
“Kirkor Architects brought us a striking, extraordinary architectural design,” says Guglietti. “Figur3 has taken the designs to a whole new level with their stylish and elegant interiors. And In2ition Realty, our sales brokerage and McOuat Partnership, our marketing firm, have delivered us a sold-out condominium project.”
Located near Jane St. and Hwy 7, the Vaughan Metropolitan Centre is a new financial, innovation and cultural centre. Major corporations, retailers, small businesses and other industries are located in the VMC, as it is a major transit hub with direct subway connections to York University and downtown Toronto as well as VIVANEXT and local bus routes across Vaughan and Richmond Hill.
For more information on The Vincent, visit TheVincent.ca
About Rosehaven Homes
Since 1992, Rosehaven Homes has created many exciting communities, built over 9,000 exceptional homes and condos and received numerous prestigious accolades and awards. From detached homes, semis and townhomes to mid-rise and high-rise condos, we have designed and built homes of all types for all kinds of people, in all walks of life. Our architecture ranges in style from the traditional to the contemporary, yet every Rosehaven home stands out distinctively in every community.
Our most recent successes in condos such as the Randall Residences, Mount Pleasant Urban Towndominiums, Affinity, Odyssey and KiWi clearly signify our strengths in contemporary urban design, our keen eye for cosmopolitan culture and our ability to deliver exceptional residences tailored to today’s vibrant, modern, sophisticated tastes and aspirations.
About Townwood Homes
Established in 1974 with over 45 years of experience in the home-building industry, building more than 15,000 homes throughout southern Ontario, Townwood communities have stood the test of time. Our homes are built with integrity and longevity, featuring distinct architectural styles, spacious open concepts and formal designs while consistently maintaining the combination of luxury and ease throughout. Every Townwood community be it low rise or condo sets the standard for quality and innovation throughout neighbourhoods in the GTA.
About Guglietti Brothers Investments
Guglietti Brothers Investments Limited is a real estate investment company which was established in 1972. Principals Giovanni, Carmine, Tony and their families have maintained primary investments in industrial/commercial, land development, low-rise new home and now high-rise condominium development. The company has the highest community and professional reputation, always practising important values of professionalism, good work ethics and integrity. The company has and continues to support numerous hospitals, charities, public retirement centres and churches since its inception.
Contacts
Media Contact:
Carol King
Senior Account Executive
McOuat Partnership
Cell: 905-903-9059
carol@partnership.ca
Choice Properties Real Estate Investment Trust Completes $500 Million Issuance of Series R Senior Unsecured Debentures
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” or the “Trust”) (TSX: CHP.UN) announced today that it has completed its previously announced issuance, on a private placement basis in certain Provinces of Canada (the “Offering”), of $500 million aggregate principal amount of series R senior unsecured debentures of the Trust bearing interest at a rate of 6.003% per annum and maturing on June 24, 2032 (the “Debentures”).
The Trust intends to use the net proceeds of the Offering (i) to pay for the previously announced early redemption of Choice Properties Limited Partnership’s $300 million principal amount of 3.60% series 10 senior unsecured debentures on June 26, 2022, (ii) to repay all or a portion of the balance drawn on the Trust’s credit facility, and (iii) for general business purposes.
DBRS Morningstar has provided the Debentures with a credit rating of “BBB” (high) with a “stable” trend and S&P Global Ratings has provided the Debentures with a credit rating of “BBB”. The Debentures rank equally with all other unsecured indebtedness of the Trust that has not been subordinated.
The Debentures were sold on an agency basis by a syndicate of agents co-led by TD Securities, CIBC Capital Markets, RBC Capital Markets, BMO Capital Markets and Scotiabank. The Debentures offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the Debentures in any jurisdiction in which such offer, solicitation or sale would be unlawful.
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 the intended use of proceeds of the Offering. 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, the factors discussed in Choice Properties’ 2021 Annual Report, current Annual Information Form and 2022 First Quarter Report. 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
For further information:
Mario Barrafato
Chief Financial Officer
Choice Properties Real Estate Investment Trust
t (416) 628-7872
e Mario.Barrafato@choicereit.ca
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