MISSISSAUGA, ON, May 20, 2022 /CNW/ – Chartwell Retirement Residences (“Chartwell”) (TSX: CSH.UN) announced that the nominees listed in the management information circular dated March 31, 2022 were elected as trustees of Chartwell, trustees of CSH Trust, and directors of Chartwell Master Care Corporation. The detailed results of the vote (i) for the election of… [Read More]
PROREIT ANNOUNCES MAY 2022 DISTRIBUTION
MONTREAL, May 20, 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 May 2022 will be payable on June 15, 2022 to unitholders of record as at May 31, 2022. About PROREIT PROREIT… [Read More]
Dream Industrial REIT Announces May 2022 Monthly Distribution
TORONTO–(BUSINESS WIRE)–DREAM INDUSTRIAL REIT (TSX: DIR.UN) (the “Trust”) announced today its May 2022 monthly distribution in the amount of 5.833 cents per Unit (70 cents annualized). The May distribution will be payable on June 15, 2022 to unitholders of record as at May 31, 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
Dream Office REIT May 2022 Monthly Distribution
TORONTO–(BUSINESS WIRE)–DREAM OFFICE REIT (TSX: D.UN) (“Dream Office” or the “Trust”) today announced its May 2022 monthly distribution of 8.333 cents per REIT Unit, Series A ($1.00 annualized). The May distribution will be payable on June 15, 2022 to unitholders of record as at May 31, 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
Dream Impact Trust Announces May 2022 Monthly Distribution
TORONTO–(BUSINESS WIRE)–DREAM IMPACT TRUST (TSX: MPCT.UN) (“Dream Impact” or the “Trust”) today announced its May 2022 monthly distribution in the amount of 3.333 cents per Unit (40 cents annualized). The May distribution will be payable on June 15, 2022 to unitholders of record as at May 31, 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 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
CAPREIT Announces May 2022 Distribution and Amendment to DRIP
TORONTO, May 19, 2022 (GLOBE NEWSWIRE) — Canadian Apartment Properties Real Estate Investment Trust (“CAPREIT”) (TSX – CAR.UN) announced today its May 2022 monthly distribution in the amount of $0.12083 per Unit (or $1.45 on an annualized basis). The May distribution will be payable on June 15, 2022 to Unitholders of record on May 31,… [Read More]
BTB REIT Provides Details for Its Upcoming Annual General Meeting
MONTRÃAL, May 19, 2022 /CNW/ – BTB Real Estate Investment Trust (TSX: BTB.UN) (“BTB” or the “REIT“) announces its Annual General Meeting of unitholders (the “Meeting” or “AGM“) on Tuesday, June 14th, 2022. MEETING DETAILS BTB is pleased to welcome you in person, to its 2022 AGM. Please note the following details below pertaining… [Read More]
Melcor REIT announces Annual General and Special Meeting Trustee Vote Results
EDMONTON, Alberta, May 19, 2022 (GLOBE NEWSWIRE) — Melcor Real Estate Investment Trust (Melcor REIT – TSX: MR.UN) today announced the results of its annual general and special meeting, held today. A total of 18,147,560 units were voted by proxy, representing 62.39% of the outstanding units as of the record date. Unitholders approved all items… [Read More]
Melcor announces Annual General Meeting voting results
EDMONTON, Alberta, May 19, 2022 (GLOBE NEWSWIRE) — Melcor Developments Ltd. (TSX: MRD), an Alberta-based real estate development and asset management company, today announced the results of its annual general meeting (AGM), held today. A total of 26,489,850 shares were voted by proxy, representing 80.68% of the outstanding shares as of the record date. Shareholders… [Read More]
Timbercreek Financial announces Voting Results from Annual Meeting of Shareholders
TORONTO, May 19, 2022 (GLOBE NEWSWIRE) — Timbercreek Financial Corp. (the “Company“) (TSX:TF) announced the voting results for the election of its board of directors, which took place at the Company’s Annual Meeting held on May 11, 2022. The nominees listed in the management information circular dated March 25, 2022 were elected as directors of… [Read More]
HomeStars Launches Home Renovation Flexible Refinancing in Partnership with Perch To Help Canadian Homeowners Bring Their Dream Home to Life
TORONTO–(BUSINESS WIRE)–HomeStars, Canada’s largest network of verified home service professionals, is proud to announce a new partnership with Perch, a technology platform offering homebuyers and homeowners the financial insights they need to build wealth through real estate. This first-of-its-kind partnership will help homeowners find flexible refinancing solutions to fund their renovation and home improvement needs.
Through the new partnership, HomeStars offers a refinancing option to Canadian homeowners looking to make home renovations, repairs, or improvements. Homeowners can now receive cash based on the equity in their homes and use these funds for home improvement projects.
“We couldn’t be more excited to partner with Perch and offer Canadian homeowners flexible refinancing options to fund their home renovations. It’s been a difficult year for Canadians, with the volatile housing market and economic pressures making purchasing newer homes less accessible and forcing many Canadians to stay in their homes longer. This partnership will allow homeowners to increase the value of their homes and make the much-needed improvements to their homes,” says Shir Magen, CEO of HomeStars. “This is a great opportunity to provide Canadians with an alternative to financing to give them continued comfort in their homes and live in a space they’re proud of. ”
The 2021 HomeStars Reno Report reported that 20 percent of Canadians needed financial assistance to execute home renovations, and many put off home improvements due to the daunting costs associated. With the current market volatility, its expected more Canadians will be financially stretched. HomeStars met this growing financial need by partnering with Perch to empower Canadians to execute their home renovations without the upfront investment. Whether it’s Canadians choosing to age in place, convert their home to one that can be multi-generational, or reinvest in their current property due to the current housing market, through this new partnership, homeowners will be able to get quality work done through vetted professionals with a lower financial impact on their monthly budget.
Homeowners can access the Perch refinancing calculator on https://homestars.com to help understand their borrowing power while starting a HomeStars service request. After entering your current property value and mortgage information, homeowners will have the ability to view the results and either begin the pre-approval process or chat with a Perch advisor. Once your loan is finalized and you are matched with a verified pro, you can leverage the funds towards your dream home project with a reputable pro.
“Perch’s analytics help Canadians get pre-approved for their mortgages and give them insights to understand exactly how much they can afford,” says Alex Leduc, Founder & CEO of Perch. “We saw a connection to the HomeStars online home services platform, and we’re very excited to be working with them. Together, we can help homeowners reach their goals faster.”
By leveraging Canada’s largest network of verified home service professionals, HomeStars allows Canadians to choose qualified professionals in their area and have a clear line of sight into home service professionals’ ratings and quality of work. Canadian homeowners are well equipped to hire right the first time with a proprietary star score, verified background and finance checks, and manually verified reviews.
About HomeStars
HomeStars is Canada’s largest network of verified and community-reviewed home service professionals. HomeStars empowers Canadian homeowners to hire right the first time for home renovations or repairs by connecting project-ready homeowners with the best pros in their neighborhood. In 2021, 8 million homeowners visited HomeStars looking for a pro for their next home improvement project. HomeStars was created in 2006 to relieve Canadian homeowners’ anxiety and put their minds at ease knowing they’ve hired a vetted, highly rated home service professional. With three distinct trust metrics, HomeStars gives Canadians the confidence of hiring right the first time, can vet pros recommended to homeowners, and allows for searching and requesting for specific home service professionals. HomeStars is based in Toronto, Ontario, and is an operating business of Angi, Inc. (NASDAQ: ANGI). To learn more, visit @HomeStars on Facebook, Twitter or Instagram.
Contacts
Media Contact:
Alex Hammill – Talk Shop Media
Telephone: 905-808-6327
Email: alex@talkshopmedia.com
Dream Office REIT Received 2022 Green Lease Leader Platinum Recognition by the Department of Energy’s Better Building Alliance and the Institute for Market Transformation
TORONTO–(BUSINESS WIRE)–DREAM OFFICE REAL ESTATE INVESTMENT TRUST (D.UN-TSX) (“Dream Office REIT”, the “Trust” or “we”) today announced that it has been awarded a Platinum Level award by the Green Lease Leader program during the Better Buildings, Better Plants Summit, by the Institute for Market Transformation (IMT) and the U.S. Department of Energy’s (DOE) Better Buildings Alliance.
Building on the Trust’s 2021 Gold Level recognition, this year the Trust achieved Platinum Level recognition for integrating ambitious building energy reduction goals with social impact goals. To receive this recognition, the Trust qualified for credits in energy efficiency and sustainability best practices such as utility data tracking and sharing, cost recovery for capital improvements, building resilience and sustainability training. This is the first year that the Platinum Level award was implemented, and the Trust is one of the few applicants to receive the highest level of recognition.
“This Platinum Level recognition reflects our proactive approach towards achieving net-zero by 2035 by engaging our tenants on all fronts of Sustainability and ESG. With our emission reduction and other Sustainability goals, along with the green lease standard, we strive to increase the positive environmental, social, and financial outcomes of our tenants and key stakeholders,” said Gordon Wadley, Chief Operating Officer – Dream Office REIT.
The Trust continues to put strategies in place to systematically consider and manage sustainability in everything we do. In 2021, we became official supporters of the Taskforce on Climate-related Financial Disclosures, which provides guidance and recommendations on climate-related risk and opportunity disclosures, and, as part of the Dream group of companies, committed to the United Nations Principles for Responsible Investment and the Net Zero Asset Managers initiative. These represent meaningful commitments to accountability and corporate responsibility. Recently, the Trust published its Net Zero by 2035 Action Plan, which outlines the proposed strategy and course of action to achieve net zero within the targeted timeline.
More information on Trust’s sustainability goals, performance, disclosures and initiatives can be found on our sustainability website.
About Green Lease Leaders program
Launched in 2014, Green Lease Leaders sets standards for what constitutes a green lease, while recognizing landlords and tenants who modernize their leases to spur collaborative action on energy efficiency, cost-savings, air quality, and sustainability in buildings. Green Lease Leaders represent portfolios totaling nearly 2 billion square feet (sq. ft.) and comprise a diverse range of buildings from large and small commercial offices to industrial buildings to data centers. Altogether, Green Lease Leaders manage more than 5 billion square feet of commercial and government space across North America, representing a huge potential for growth in green leases. Learn more about Green Leasing by visiting GreenLeaseLeaders.com or reading Green Lease Leaders’ case studies.
About Dream Office REIT
Dream Office REIT is an unincorporated, open-ended real estate investment trust. Dream Office is a premier office landlord in downtown Toronto with over 3.5 million square feet owned and managed. Dream Office has 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: www.dreamofficereit.ca.
Forward-Looking Information
This press release may contain forward-looking information within the meaning of applicable securities legislation, including with respect to the trust’s sustainability goals, including the implementation of its Net Zero Action Plan, reaching net zero greenhouse gas emissions by 2035, and the Trust’s support and engagement with certain sustainability initiatives; and the Trust’s intention to engage tenants in respect of sustainability and environmental, social and governance matters (“ESG”), and the increase of related positive ESG and financial outcomes of tenants and key stakeholders. 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 the Trust’s control, which could cause actual results to differ materially from those that are disclosed in or implied by such forward-looking information. These risks and uncertainties include, but are not limited to, general and local economic and business conditions; risks associated with unexpected or ongoing geopolitical events, including disputes between nations, war, terrorism or other acts of violence, international sanctions and the disruption of the free movement and provision of goods and services across jurisdictions; employment levels; mortgage and interest rates and regulations; the uncertainties around the timing and amount of future financings; uncertainties surrounding the COVID-19 pandemic; the effect of government restrictions on leasing and building traffic; the ability of the Trust and its tenants to access government programs; the financial condition of tenants; our ability to refinance maturing debt; leasing risks, including those associated with the ability to lease vacant space; rental rates on future leasing; future parking revenues and interest and currency rate functions. Our objectives and forward-looking statements are based on certain assumptions, including that the general economy remains stable, interest rates remain stable, conditions within the real estate market remain consistent, competition for acquisitions remains consistent with the current climate and that the capital markets continue to provide ready access to equity and/or debt.
All forward-looking information in this press release speaks as of the date of this press release. The Trust does not undertake to update any such forward-looking information whether as a result of new information, future events or otherwise, except as required by law. Additional information about these assumptions and risks and uncertainties is disclosed in filings with securities regulators filed on SEDAR (www.sedar.com). These filings are also available at the Trust’s website at www.dreamofficereit.ca.
Contacts
Dream Office REIT
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
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