HOUSTON & CALGARY, Alberta–(BUSINESS WIRE)–Civeo Corporation (NYSE:CVEO) announced today that it has scheduled its second quarter 2022 earnings conference call for Friday, July 29, at 10:00 a.m. Central Time (11:00 a.m. Eastern Time). During the call, Civeo will discuss financial and operating results for the second quarter 2022, which will be released before the market opens on Friday, July 29, 2022.

By Phone:

Dial 877-423-9813 inside the U.S. or 201-689-8573 internationally and ask for the Civeo call or provide the conference ID: 13731837# at least 10 minutes prior to the start time.

A replay will be available through August 5th by dialing 844-512-2921 inside the U.S. or 412-317-6671 internationally and using the conference ID 13731837#.

By Webcast:

Connect to the webcast via the Events and Presentations page of Civeo’s Investor Relations website at www.civeo.com.

Please log in at least 10 minutes in advance to register and download any necessary software.

A webcast replay will be available after the call.

ABOUT CIVEO

Civeo Corporation is a leading provider of hospitality services with prominent market positions in the Canadian oil sands and the Australian natural resource regions. Civeo offers comprehensive solutions for lodging hundreds or thousands of workers with its long-term and temporary accommodations and provides food services, housekeeping, facility management, laundry, water and wastewater treatment, power generation, communications systems, security and logistics services. Civeo currently owns and operates a total of 27 lodges and villages in Canada, Australia and the U.S., with an aggregate of over 28,000 rooms. Civeo is publicly traded under the symbol CVEO on the New York Stock Exchange. For more information, please visit Civeo’s website at www.civeo.com.

Contacts

Regan Nielsen

Civeo Corporation

Senior Director, Corporate Development & Investor Relations

713-510-2400

• Funds raised will support the company’s global, automated design and manufacturing solution, which is on track to deliver over 2,300 apartments.
• The company’s technology solution saves up to 50 percent of life-cycle costs, achieves 90 percent carbon emissions reduction in its buildings, and offers higher quality and performance than conventional methods.
• The Series A investors included BDC Capital’s Cleantech Practice, Greensoil PropTech Ventures, UIT Growth Equity GP, and Fulmer & Company, alongside additional grant funding from multiple Canadian government agencies.

VANCOUVER, British Columbia–(BUSINESS WIRE)–With pressure mounting for cities to address affordable housing needs, decarbonize buildings, and meet sustainability goals, housing technology company Intelligent City raised CAD 22 million (USD 17 million), bringing the total capital invested in the company to CAD 30 million (USD 23 million). As one of the first companies in North America to apply automation and robotics to the design and manufacturing of prefabricated mass timber buildings, Intelligent City will use the funding to scale operations, commercialize its Platforms for Life (P4L) building solution, grow factory automation, and expand its footprint across and beyond Canada. Earlier this year, the company completed testing of its building systems and is now verified to work within the new mass timber high-rise building codes in Canada and the US.

The raise includes Series A venture funding with participation by BDC Capital’s Cleantech Practice, Greensoil PropTech Ventures, UIT Growth Equity GP, Fulmer & Company, and over 30 independent investors, in combination with government programs and accelerators such as the Natural Resources Canada (NRCan) Investments in Forest Industry Transformation program (IFIT), the Sustainable Development Technology Canada (SDTC) Seed Fund, and the Next Generation Manufacturing Supercluster (NGen) Manufacturing Project Funding. Fort Capital Partners acted as financial advisor and placement agent for the Series A and Seed rounds.

“We are focused on revolutionizing an industry that is notoriously slow to innovate while making a significant impact on our climate with lower carbon emissions from the construction and operations of buildings,” explained Oliver Lang, CEO, and Co-Founder of Intelligent City. “By utilizing green building strategies and patented technology to deliver affordable, mass-customizable urban housing, we can help cities to adapt more quickly as the needs of people and the planet evolve.”

By developing a flexible yet scalable technology and design platform, the company departs strongly from the construction industry’s typically fragmented and hierarchical design and construction processes. Focusing on a deep vertical integration of building systems, software, manufacturing automation, and supply chain contracts, the company can help developers achieve nearly 100 percent cost certainty, deliver 1.5 times the number of residential units on the same site compared to traditional methods, and realize savings of up to 50 percent on life cycle costs per home.

“Intelligent City’s technology is set to enable the future of the built world to be more climate-resilient by replacing emissions-intensive materials such as concrete and steel with a renewable material that naturally sequesters carbon,” said Matt Stanley, Director, BDC Capital’s Cleantech Practice. “We are excited to support the team to accelerate the development and scale-up of its mass timber building system and advanced offsite manufacturing capabilities.”

Intelligent City’s end-to-end, product-based approach uses proprietary parametric software for design, construction cost estimation, carbon footprint confirmation, material quantifications, and precision manufacturing. At the same time, the company’s innovative manufacturing technology brings automation to the prefabrication of building components. As a result, the company provides data on the life cycle and performance of the building before construction even begins.

“As PropTech industry disruptors, we were excited by the combination of Intelligent City’s platform technology with prefabricated and modular mass timber products to radically speed up construction and dramatically reduce carbon emissions,” said Dana Goldman Szekely, Senior Principal with Greensoil PropTech Ventures. At the same time, Jamie James, Managing Partner at Greensoil PropTech Ventures, will join the Board of Directors of the company.

In combination with mass timber construction, Intelligent City utilizes the energy-efficiency standards of Passive House design to achieve a 90 percent carbon emissions reduction in its buildings. This concept uses building science principles to attain specific energy efficiency and comfort levels. It includes continuous insulation and air-tight seals, high-performing windows and doors, balanced heat- and moisture-recovery ventilation, and minimal space conditioning throughout the entire building.

“ESG technologies are not only imperative but demanded by building operators, owners, and tenants. Our investment in Intelligent City resulted from careful consideration of the future landscape of the construction industry as well as the vision and the passion demonstrated by the entire team at Intelligent City,” said Patrick Robinson, Chairman of UIT.

With a pipeline of more than 2,300 homes, Intelligent City is supported by leading developers in Vancouver, Toronto, Ottawa, and the United States, including two high-rise projects in Downtown Vancouver, one of which is supported by the BC Mass Timber Demonstration Program. The company was previously granted funding by the CleanBC Building Innovation Fund, the National Research Council of Canada’s Industrial Research Assistance Program (NRC IRAP), and Natural Resources Canada’s Breakthrough Energy Solutions Canada program (BESC). The technology platform has also been awarded the Solar Impulse Efficient Solution Label.

“Affordable, efficient, and attractive housing is lacking globally. As cities and developers scramble to construct more buildings on pre-existing urban lots, Intelligent City developed a fundamentally better and faster way to erect buildings that are more energy-efficient and cost-effective,” explained Yuri Fulmer, Founder, and Chairman of Fulmer & Company.

“By making effective use of Canada’s forest resources through low-carbon building systems, Canada is becoming a world leader in sustainable wood construction practices, increasing energy efficiency and climate resilience in our communities while simultaneously enhancing the global competitiveness of our forestry, wood manufacturing and construction sectors. That’s why our government is pleased to support projects like this one — to help lower emissions, create good jobs for workers and build better neighborhoods for everyone.” – The Honorable Jonathan Wilkinson, Minister of Natural Resources

For more information on Intelligent City, watch this video: https://www.youtube.com/watch?v=Qq9nNHdyyis.

About Intelligent City

Founded over a decade ago, Intelligent City offers clients highly integrated one-stop solutions to design and pre-fabricate sustainable, net-zero, multi-family urban green buildings at better quality and lower costs for both owners, operators, and tenants. The company’s Platforms for Life (P4L) solution incorporates mass timber, design engineering, Passive House performance, automated manufacturing, and proprietary parametric software. Highly scalable and adaptable, this market-ready proprietary technology platform has been created to deliver highly desirable urban housing with a new level of affordability, longevity, and environmental and social sustainability. For more information, visit www.intelligent-city.com.

About BDC Capital

BDC Capital is the investment arm of BDC, the bank for Canadian entrepreneurs and Canada’s largest and most active venture capital investor. With over $3 billion under management, BDC Capital serves as a strategic partner to the country’s most innovative firms. It offers businesses a full spectrum of capital, from seed investments to growth equity, supporting Canadian entrepreneurs who have the ambition to stand out on the world stage. For more information, visit www.bdc.ca/capital.

About Greensoil Proptech Ventures

Greensoil PropTech Ventures’ mission is to digitize and decarbonize the built environment, the biggest asset class on the planet, which is responsible for up to 40% of global energy-related CO2 emissions. GSPV invests in early to mid-stage venture capital opportunities in North America, Europe and Israel that make real estate more productive, efficient and sustainable. Backed by real estate and institutional Limited Partners, GSPV has a successful track record of backing, scaling and exiting high-impact PropTech companies. For more information, visit www.gspv.vc.

About UIT Growth Equity GP

UIT Growth Equity GP is the growth equity investment arm of Faircourt Asset Management Inc. and the Robinson Sauder Family Office. Our team is focused on sourcing and investing in innovative and disruptive mid to late stage, venture capital backed private companies across a range of rapidly growing industries. Our directors and officers collectively hold over 125 years of experience in the private and venture investment industry. Investments include SpaceX, Carbon, 23andMe, Tanium, NEXT Trucking, DraftKings, and Rent the Runway. For more information, visit www.uitgrowthequity.com.

About Sustainable Development Technology Canada

SDTC supports companies attempting to do extraordinary things. SDTC is invested in helping small and medium-sized businesses grow into successful companies that employ Canadians from coast to coast to coast. The innovations SDTC funds help solve some of the world’s most pressing environmental challenges: climate change, regeneration through the circular economy, and the well-being of humans in the communities they live in and the natural environment they interact with. For more information, visit www.sdtc.ca.

About NRCan Investments in Forest Industry Transformation

The Investments in Forest Industry Transformation (IFIT) program facilitates the adoption of transformative technologies and products by bridging the gap between development and commercialization. The IFIT program aims to create a more competitive and resilient forest sector with a focus on low-carbon projects that result in new or diversified revenue streams. For more information, visit www.nrcan.gc.ca.

About NGen – Next Generation Manufacturing Canada

NGen is the industry-led not-for-profit organization that leads Canada’s Advanced Manufacturing Global Innovation Cluster. Its mandate is to help build world-leading advanced manufacturing capabilities in Canada for the benefit of Canadians. NGen works to strengthen collaboration among its more than 4,500 members, and provides funding and business support to industry-led initiatives that aim to develop, apply, or scale-up transformative manufacturing solutions in Canada for commercialization in global markets. For more information, visit www.ngen.ca.

Contacts

Technica Communications for Intelligent City

Jake Wengroff

Ph.408-806-9626 Ext. 6816

Intelligentcity@technicacommunications.com

TORONTO–(BUSINESS WIRE)–Granite Real Estate Investment Trust (“Granite”) (TSX: GRT.UN / NYSE: GRP.U) announced today that its board of trustees has declared a distribution of CDN $0.2583 per stapled unit for the month of July 2022. The distribution will be paid by Granite on Monday, August 15, 2022 to stapled unitholders of record at the close of trading on Friday, July 29, 2022. The stapled units will begin trading on an ex-dividend basis at the opening of trading on Thursday, July 28, 2022 on the Toronto Stock Exchange and on the New York Stock Exchange.

Granite confirms that no portion of the distribution constitutes effectively connected income for U.S. federal tax purposes. A qualified notice providing the breakdown of the sources of the distribution will be issued to the Depository Trust & Clearing Corporation subsequent to the record date of Friday, July 29, 2022, pursuant to United States Treasury Regulation Section 1.1446-4.

ABOUT GRANITE

Granite is a Canadian-based REIT engaged in the acquisition, development, ownership and management of logistics, warehouse and industrial properties in North America and Europe. Granite owns 137 investment properties representing approximately 57.3 million square feet of leasable area.

OTHER INFORMATION

Copies of financial data and other publicly filed documents about Granite are available through the internet on the Canadian Securities Administrators’ System for Electronic Document Analysis and Retrieval (SEDAR) which can be accessed at www.sedar.com and on the United States Securities and Exchange Commission’s Electronic Data Gathering, Analysis and Retrieval System (EDGAR) which can be accessed at www.sec.gov. For further information, please see our website at www.granitereit.com or contact Teresa Neto, Chief Financial Officer, at 647-925-7560 or Andrea Sanelli, Associate Director, Legal & Investor Services, at 647-925-7504.

Contacts

Teresa Neto, Chief Financial Officer, 647-925-7560

Andrea Sanelli, Associate Director, Legal & Investor Services, 647-925-7504

HOUSTON & CALGARY, Alberta–(BUSINESS WIRE)–Civeo Corporation (“Civeo” or the “Company”) (NYSE:CVEO) today announced that the Company has been awarded a contract renewal to continue providing rooms and hospitality services at its Wapasu Lodge in the Canadian oil sands for Imperial Oil Resources Limited.

The highlights of the contract award include a 12-year, take-or-pay contract inclusive of daily minimum occupancies that balance rate reductions with a range of planned cost savings initiatives. The new agreement commences November 1, 2022 and will terminate on October 31, 2034. It includes approximately C$500 million of guaranteed take-or-pay revenues, as well as significant upside in excess of take-or-pay based on current occupancy levels.

Bradley J. Dodson, Civeo’s President and Chief Executive Officer, stated, “Serving Imperial’s Kearl operation at our Wapasu Lodge has been a cornerstone of our Canadian business dating back to 2009. Imperial remains a highly valued customer, and we are excited to extend this longstanding relationship. Civeo is committed to ensuring the cost efficiency of our customers’ producing assets, and this contract renewal represents an excellent collaboration between two long-term partners to maximize value in the current operating environment in a mutually beneficial way.”

In conjunction with this contract award, Civeo expects to deploy approximately C$5 million in capital, primarily in 2022, which will include renovations and improvements to Wapasu Lodge. Due to this contract renewal and the supporting capital improvements, Civeo is raising its full year 2022 capital expenditure guidance to US$24-US$29 million.

About Civeo

Civeo Corporation is a leading provider of hospitality services with prominent market positions in the Canadian oil sands and the Australian natural resource regions. Civeo offers comprehensive solutions for lodging hundreds or thousands of workers with its long-term and temporary accommodations and provides food services, housekeeping, facility management, laundry, water and wastewater treatment, power generation, communications systems, security and logistics services. Civeo currently operates a total of 27 lodges and villages in Canada, Australia and the U.S., with an aggregate of over 28,000 rooms. Civeo is publicly traded under the symbol CVEO on the New York Stock Exchange. For more information, please visit Civeo’s website at www.civeo.com.

Forward Looking Statements

This news release contains forward-looking statements within the meaning of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements are those that do not state historical facts and are, therefore, inherently subject to risks and uncertainties. The forward-looking statements herein include, among others, the statements regarding Civeo’s future plans and outlook, including capital expenditure guidance, and potential upside with respect to the Imperial contract. The forward-looking statements included herein are based on then current expectations and entail various risks and uncertainties that could cause actual results to differ materially from those expressed or implied by these forward-looking statements. Such risks and uncertainties include, among other things, risks associated with global health concerns and pandemics, including the COVID-19 pandemic, any increases in or severity of COVID-19 cases (including due to existing or new variants) and the risk that room occupancy may decline if our customers are limited or restricted in the availability of personnel who may become ill or be subjected to quarantine, risks associated with the general nature of the accommodations industry, risks associated with the level of supply and demand for oil, coal, iron ore and other minerals, including the level of activity, spending and developments in the Canadian oil sands, the level of demand for coal and other natural resources from, and investments and opportunities in, Australia, and fluctuations or sharp declines in the current and future prices of oil, natural gas, coal, iron ore and other minerals, risks associated with failure by our customers to reach positive final investment decisions on, or otherwise not complete, projects with respect to which we have been awarded contracts, which may cause those customers to terminate or postpone contracts, risks associated with currency exchange rates, risks associated with the company’s ability to integrate acquisitions, risks associated with labor shortages, risks associated with the development of new projects, including whether such projects will continue in the future, risks associated with the trading price of the company’s common shares, availability and cost of capital, risks associated with general global economic conditions, global weather conditions, natural disasters and security threats and changes to government and environmental regulations, including climate change, and other factors discussed in the “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and “Risk Factors” sections of Civeo’s most recent annual report on Form 10-K and other reports the company may file from time to time with the U.S. Securities and Exchange Commission. Each forward-looking statement contained herein speaks only as of the date of this release. Except as required by law, Civeo expressly disclaims any intention or obligation to revise or update any forward-looking statements, whether as a result of new information, future events or otherwise.

Contacts

Investor Relations and Civeo Corporate Contact:

Carolyn J. Stone

Civeo Corporation

Senior Vice President & Chief Financial Officer

713-510-2400

Media and Civeo Canada Contact:

Allan D. Schoening

President, Civeo Canada

780-440-7831

OTTAWA, Ontario–(BUSINESS WIRE)–InterRent Real Estate Investment Trust (TSX-IIP.UN) (“InterRent”) announced today that its distribution declared for the month of July 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 August 15, 2022, to unitholders of record on July 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

Sandy Rose, CFA

Director – Investor Relations & Sustainability

(514) 704-2459

sandy.rose@interrentreit.com
www.interrentreit.com

Company partners with nesto to buy down rates for home buyers to make properties more accessible

OTTAWA, Ontario–(BUSINESS WIRE)–PropTech innovator Unreserved today announced that it is offering home buyers who purchase a home directly, a cashback of up to three percent of the purchase price in an effort to facilitate home purchases as national interest rates rise. The company is partnering with Canadian mortgage experts nesto to facilitate this discount, which is available from July 18-31.

“The past year has been an incredible ride. We never expected to sell so many homes and this is our way of giving back to home buyers who need the break the most.” says CEO Ryan O’Connor. “Home buyers have been on a wild roller coaster for the last few years, and now with interest rates shooting up, this opportunity is truly life changing for many Canadians. This partnership with nesto is just a glimpse of what’s come in the future as we continue to grow.”

“We are excited to partner with a company that is so committed to a simple and transparent home ownership experience. Just like nesto is on a mission to offer a positive, empowering and transparent property financing experience, Unreserved offers a fully transparent real estate platform that’s committed to improving the home buying and selling experience,” says Chase Belair, nesto’s Principal Broker and Co-founder.

As a full-service real-estate company, Unreserved offers staging, marketing, and promotions while only charging a 1% seller fee (plus optional 2% to buyer agents). Unreserved also facilitates open houses and private showings. All homes are pre-inspected and come with a full one-year home warranty. Everything is available for the public to view online including market comparisons. With an open offer process everyone can watch the transparent bidding process unfold right in front of them.

About Unreserved

The Unreserved technology platform is paving the way for a transparent way to buy and sell homes allowing buyers to place offers on homes while 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.

About nesto

nesto is a pioneer of online mortgages and has a transparent, convenient, technology-first property financing experience—simplified from start to finish. nesto is a fast growing start up, backed by top investors like Portag3 Ventures securing $76 million in funding. The brand offers all the help of a mortgage broker without the commission so you can trust that the advisors have your best interests at heart to find your low rate and will guide you through the complicated process of home financing. Visit nesto.ca/ for more information.

Contacts

For Unreserved Media & PR Inquiries, please contact:
Richard Berman

richard@verbfactory.com
1 (647) 294-8372