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Global Student Accommodation Secures $500 Million Refinancing With Wells Fargo

May 28, 2025 By Business Wire

  • Aligns to GSA’s long-term capital and growth strategy, enabling further investment to grow and enhance its U.S. portfolio
  • Demonstrates GSA’s track record as the global leader in student housing, with the ability to secure financing with the world’s leading lending institutions
  • Transaction strengthens GSA’s existing relationship with Wells Fargo, with a shared commitment to delivering high-quality student housing

LONDON & NEW YORK–(BUSINESS WIRE)–Global Student Accommodation (“GSA” or the “Company”), the global leader in student housing, today announces the successful closing of a $500 million senior loan facility with Wells Fargo Bank, N.A. (“Wells Fargo”), one of the world’s leading financial institutions. The transaction strengthens the existing relationship between GSA and Wells Fargo and signals the continued demand amongst lenders for the U.S. student housing sector.

The facility covers 23 assets across 14 states, in key university cities, including tier one institutions, such as Arizona State University, Auburn University, Purdue University, and the University of Illinois.

The refinancing supports GSA’s long-term growth strategy, with a commitment to becoming a market leader in U.S. student housing. In December 2020, GSA was the first international student housing specialist to enter the U.S, and since then the company’s portfolio has grown to 43 properties across 32 cities and is home to 20,000 students each year.

John Jacobs, Global Head of Capital Markets at GSA, said:

“Over the past year, GSA has closed over $1bn of financing facilities globally, enabling us to optimise our capital structure and recycle capital into value-add initiatives across our portfolio.

“This latest refinancing will facilitate both expansion within the U.S. market and an ongoing programme of refurbishments. This includes initiatives to improve the energy efficiency of the portfolio and further support for students’ wellbeing.

“Student housing continues to demonstrate its resilience as an asset class. The deepening of our partnership with Wells Fargo reflects this and is testament to GSA’s expertise as an investor and asset manager.”

Melissa Frawley, Managing Director of Wells Fargo said:

“This financing underscores Wells Fargo’s leadership in and commitment to the global student housing sector, and we are delighted to be extending the relationship between Wells Fargo and GSA, which spans both the U.S. and Europe.

“Student housing remains a robust and attractive asset class, and GSA’s innovative, global approach and sector-expertise continues to differentiate them within the market.”

All spaces are managed by GSA’s partner Yugo, the world’s leading student brand and operator, who are transforming the way students live by combining local market knowledge with global expertise.

About Global Student Accommodation

Global Student Accommodation (GSA) is a leader in real estate fund and asset management within the student housing sector. GSA has an unrivalled international presence, which stretches across 11 countries with assets in 80 of the world’s leading educational cities. It manages $7 billion AUM and has flagship offices in New York and London.

GSA entered the U.S. market in 2020 with a long-term strategic vision to become a leader in U.S. student housing.

For further information please visit: www.gsagroup.com

About The Dot Group

GSA is part of The Dot Group, the global leader in student living. The group is comprised of market leading businesses including GSA, Yugo, Student.com and Kinetic Capital, with combined access to over 35 countries and 180 cities.

The Dot Group invests, develops, owns, manages and digitally connects students to housing world-wide and is here to shape a better future for students, with sustainable value for generations to come.

Since creating a new vision for student living over 30 years ago, Dot has been continuously evolving through its pioneering, purposeful and positive approach.

For further information, visit www.thedotgroup.com

Contacts

Media contacts:
Richard Crowley / Hannah Ratcliff

GSA-Global@fgsglobal.com

Halmont Properties Corporation First Quarter Results

May 28, 2025 By Globenewswire Tagged With: TSX-V:HMT

TORONTO, May 27, 2025 (GLOBE NEWSWIRE) — HALMONT PROPERTIES CORPORATION (TSX-V: HMT) (“Halmont” or the “Company”) announced today that net income to shareholders for the three months ended March 31, 2025, was $4.9 million as compared to net income of $4.1 million for the three months ended March 31, 2024. (CAD$ thousands, except per share… [Read More]

Dream Residential REIT Announces May 2025 Monthly Distribution

May 27, 2025 By Business Wire

TORONTO–(BUSINESS WIRE)–DREAM RESIDENTIAL REAL ESTATE INVESTMENT TRUST (TSX: DRR.U and TSX: DRR.UN) (“Dream Residential REIT” or the “REIT”) today announced its May 2025 monthly distribution in the amount of US$0.035 per unit (US$0.42 annualized). The May distribution will be payable on June 13, 2025 to unitholders of record as at May 30, 2025.


About Dream Residential REIT

Dream Residential REIT is an unincorporated, open-ended real estate investment trust established and governed by the laws of the Province of Ontario. The REIT owns a portfolio of garden-style multi-residential properties, 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

Brian Pauls
Chief Executive Officer

(416) 365-2365

bpauls@dream.ca

Derrick Lau
Chief Financial Officer

(416) 365-2364

dlau@dream.ca

Scott Schoeman
Chief Operating Officer

(303) 519-3020

sschoeman@dream.ca

Dream Industrial REIT Announces May 2025 Monthly Distribution

May 26, 2025 By Business Wire

TORONTO–(BUSINESS WIRE)–DREAM INDUSTRIAL REIT (TSX: DIR.UN) (the “Trust”) announced today its May 2025 monthly distribution in the amount of 5.833 cents per Unit (70 cents annualized). The May distribution will be payable on June 13, 2025 to unitholders of record as at May 30, 2025.


Dream Industrial REIT is an owner, manager, and operator of a global portfolio of well-located, diversified industrial properties. As at March 31, 2025, Dream Industrial REIT has an interest in and manages a portfolio which comprises 336 industrial assets (549 buildings) totalling approximately 72.6 million square feet of gross leasable area in key markets across Canada, Europe, and the U.S. Dream Industrial REIT’s objective is to deliver strong total returns to its unitholders through secure distributions as well as growth in net asset value and cash flow per unit underpinned by its high-quality portfolio and an investment grade balance sheet. Dream Industrial REIT is an unincorporated, open-ended real estate investment trust. For more information, please visit our website at www.dreamindustrialreit.ca.

Contacts

For further information, please contact:

DREAM INDUSTRIAL REIT

Alexander Sannikov

President and Chief Executive Officer

(416) 365-4106

asannikov@dream.ca

Lenis Quan

Chief Financial Officer

(416) 365-2353

lquan@dream.ca

Timbercreek Financial Declares May 2025 Dividend

May 23, 2025 By Globenewswire Tagged With: TSX:TF

TORONTO, May 23, 2025 (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 June 13, 2025 to holders of Common Shares of record on May 30, 2025. The Company… [Read More]

Gulf & Pacific Equities Corp. reports on First Quarter Results with Revenue of $1,132,621 And Refinancing of Mortgages

May 23, 2025 By Globenewswire Tagged With: TSX-V:GUF

Toronto, May 23, 2025 (GLOBE NEWSWIRE) — Gulf & Pacific Equities Corp. (TSX-V: GUF) an established company focused on the acquisition, management and development of anchored shopping centers in Western Canada, reports a 4.1% increase in revenues to $1,132,621 in the quarter ended March 31, 2025, from $1,087,886 at the same period last year. Details of… [Read More]

Dream Office REIT Announces May 2025 Monthly Distribution

May 23, 2025 By Business Wire

TORONTO–(BUSINESS WIRE)–DREAM OFFICE REIT (TSX: D.UN) (“Dream Office” or the “Trust”) today announced its May 2025 monthly distribution of 8.333 cents ($1.00 annualized) per REIT Unit, Series A (“REIT A Units”). The May distribution will be payable on June 13, 2025 to unitholders of record as at May 30, 2025.


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

For further information, please contact:

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

Northview Residential REIT Announces May Distribution

May 22, 2025 By Globenewswire Tagged With: TSX:NRR-UN

Not for distribution to U.S. newswire services or for dissemination in the United States. CALGARY, Alberta, May 22, 2025 (GLOBE NEWSWIRE) — Northview Residential REIT (the “REIT”) today announced its May 2025 cash distribution amounts on its outstanding Class A Units, Class C Units and Class F Units (collectively, the “Units”) in the amount of… [Read More]

Allied Announces Net-Zero Emissions Reduction Targets Validated by the Science Based Targets initiative

May 22, 2025 By Globenewswire Tagged With: TSX:AP.UN

TORONTO, May 22, 2025 (GLOBE NEWSWIRE) — Allied Properties Real Estate Investment Trust (“Allied”) (TSX:AP.UN) announced today that the Science Based Targets initiative (SBTi) has approved its near- and long- term science-based greenhouse gas (GHG) emissions reduction targets. These targets are consistent with a 1.5°C decarbonization pathway and will apply to both Allied’s rental and… [Read More]

StorageVault Announces Results of Annual General And Special Shareholders Meeting

May 22, 2025 By Globenewswire Tagged With: TSX:SVI

TORONTO, May 22, 2025 (GLOBE NEWSWIRE) — STORAGEVAULT CANADA INC. (“StorageVault”) (SVI-TSX) is pleased to announce the results of the annual general and special meeting of the shareholders of StorageVault held on May 21, 2025 (the “Meeting”). A total of 225 shareholders holding an aggregate of 289,507,285 common shares of the Corporation were represented at… [Read More]

ChargePoint and Eaton establish industry-first EV charging partnership

May 22, 2025 By Business Wire

CAMPBELL, Calif. & CLEVELAND–(BUSINESS WIRE)–ChargePoint (NYSE: CHPT), a leading provider of EV charging solutions, and intelligent power management company Eaton, today announced a collaboration to accelerate and simplify the deployment of EV charging infrastructure in the U.S., Canada and Europe. The companies will integrate EV charging and infrastructure solutions, co-developing new technologies to advance bidirectional power flow and vehicle-to-everything (V2X) capabilities—enabling EVs to act as a power source for homes, buildings and more.




Providing a one-stop shop for the EV charging ecosystem, the companies will deliver EV chargers, electrical infrastructure and engineering services as turnkey offerings enabling the electrification of transportation, from vehicles to chargers to the grid. ChargePoint and Eaton will streamline the purchase, design and deployment of EV charging projects, offering joint solutions that will help customers effectively manage site power requirements, optimize infrastructure and enhance reliability at a reduced cost.

“ChargePoint’s partnership with Eaton will deliver innovation that addresses the biggest barriers to electrified transportation,” said Rick Wilmer, CEO of ChargePoint. “Together with Eaton we will create unprecedented value for institutions that deploy EV charging, accelerating electrification, and decarbonizing the planet in parallel.”

With Eaton’s collaboration, ChargePoint now elevates its strategic position as an end-to-end enabler of the EV ecosystem, from grid to vehicle. As EV charging infrastructure matures, core components like chargers and infrastructure must integrate at scale to realize their fullest potential. ChargePoint’s work with Eaton and numerous automotive OEMs will enable the seamless integration of chargers, infrastructure and EVs, managed with ease on the ChargePoint cloud software platform.

Paul Ryan, general manager, energy transition at Eaton, said: “Customers rely on Eaton to solve their toughest power management challenges. This game-changing partnership will help do just that for vehicle charging—bringing together trusted power distribution and EV charging solutions to simplify electrification at scale.”

Information regarding available EV charging and infrastructure solutions, which address every charging scenario, including fleet, workplace, commercial real estate, fueling and convenience, multifamily, residential and public transportation charging needs, is available online.

ChargePoint and the ChargePoint logo are trademarks of ChargePoint, Inc. in the United States and in jurisdictions throughout the world. All other trademarks, trade names, or service marks used or mentioned herein belong to their respective owners.

About ChargePoint Holdings, Inc.

ChargePoint is creating a new fueling network to move people and goods on electricity. Since 2007, ChargePoint has been committed to making it easy for businesses and drivers to go electric with one of the largest EV charging networks and a comprehensive portfolio of charging solutions. The ChargePoint cloud subscription platform and software-defined charging hardware are designed to include options for every charging scenario from home and multifamily to workplace, parking, hospitality, retail and transport fleets of all types. Today, one ChargePoint account provides access to hundreds of thousands of places to charge in North America and Europe. For more information, visit the ChargePoint pressroom, the ChargePoint Investor Relations site, or contact the ChargePoint North American press office, or Investor Relations.

About Eaton

Eaton is an intelligent power management company dedicated to protecting the environment and improving the quality of life for people everywhere. We make products for the data center, utility, industrial, commercial, machine building, residential, aerospace and mobility markets. We are guided by our commitment to do business right, to operate sustainably and to help our customers manage power ─ today and well into the future. By capitalizing on the global growth trends of electrification and digitalization, we’re helping to solve the world’s most urgent power management challenges and building a more sustainable society for people today and generations to come.

Founded in 1911, Eaton has continuously evolved to meet the changing and expanding needs of our stakeholders. With revenues of nearly $25 billion in 2024, the company serves customers in more than 160 countries. For more information, visit www.eaton.com. Follow us on LinkedIn.

CHPT-IR

Contacts

ChargePoint
John Paolo Canton

Vice President, Communications

JP.Canton@chargepoint.com

AJ Gosselin

Director, Corporate Communications

AJ.Gosselin@chargepoint.com
media@chargepoint.com

Eaton
Kristin Somers

+1.919.345.3714

Kristincsomers@eaton.com

Regina Parundik

Cobblestone Communications

+1.412.559.1614

Regina@cobblecreative.com

CIBC Innovation Banking Serves as Lead Arranger of a Syndicated Debt Facility for Rentsync

May 21, 2025 By Business Wire

TORONTO–(BUSINESS WIRE)–CIBC Innovation Banking announced today that it recently acted as the lead arranger and administrative agent of credit facilities for Rentsync. The funding provided financing for future capital to support the company’s growth.


Rentsync is a leading software and data company based in Toronto, specializing in serving the Canadian rental housing industry.

“We are thrilled to support Silversmith Capital Partners and the Rentsync team as they continue their leadership and growth in the rental property management space,” said Adam Weiers, Executive Director, CIBC Innovation Banking. “Rentsync is a trusted partner to its rental property management clients, and its platform continues to transform the industry landscape.”

About CIBC Innovation Banking

CIBC Innovation Banking has 25 years of specialized experience in growth-stage tech and life science companies across North America – a longer track record than most banks. CIBC Innovation Banking now has over $11 billion in funds managed including life sciences, health care, cleantech companies, investors, and entrepreneurs, and has assisted over 700 venture and private equity-backed businesses over the past six and a half years. The bank operates out of 14 global locations in San Francisco, Menlo Park, New York, Toronto, London, Austin, Boston, Chicago, Seattle, Vancouver, Montreal, Atlanta, Reston, and Durham. Connect with us today to start the conversation. www.innovationbanking.cibc.com

About Rentsync

Based in Toronto, Rentsync is a leading software and data company, specializing in serving the Canadian rental housing industry. Rentsync offers a range of innovative products and services designed to streamline rental property marketing, leasing, and property management. It also owns and operates the Rentals.ca Network, the leading online marketplace for rental housing in Canada. Its commitment to professionalism, innovation, and accessibility has made it a trusted leading partner for rental housing marketers, leasing agents, and renters.

About Silversmith Capital Partners

Founded in 2015, Silversmith Capital Partners is a Boston-based growth equity firm with $3.3 billion of capital under management. Silversmith’s mission is to partner with and support the best entrepreneurs in growing, profitable technology and healthcare companies. Representative investments include ActiveCampaign, Appfire, Apryse, DistroKid, impact.com, Iodine Software, LifeStance Health, Onbe, and Webflow. For more information, including a full list of portfolio investments, visit www.silversmith.com.

Contacts

Katarina Milicevic, katarina.milicevic@cibc.com, 416-784-6108

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