NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

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

TORONTO–(BUSINESS WIRE)–Slate Office REIT (TSX: SOT.UN) (the “REIT”), an owner and operator of high-quality workplace real estate, announced today that the Board of Trustees has declared a distribution for the month of May 2022 of C$0.0333 per trust unit of the REIT, representing $0.40 per unit of the REIT on an annualized basis.

The distribution will be payable on June 15, 2022 to unitholders of record as of the close of business on May 31, 2022.

About Slate Office REIT (TSX: SOT.UN)

Slate Office REIT is a global owner and operator of high-quality workplace real estate. The REIT owns interests in and operates a portfolio of strategic and well-located real estate assets in North America and Europe. A majority of the REIT’s portfolio is comprised of government and high-quality credit tenants. The REIT acquires quality assets at a discount to replacement cost and creates value for unitholders by applying hands-on asset management strategies to grow rental revenue, extend lease term and increase occupancy. Visit slateofficereit.com to learn more.

About Slate Asset Management

Slate Asset Management is a global alternative investment platform targeting real assets. We focus on fundamentals with the objective of creating long-term value for our investors and partners. Slate’s platform has a range of real estate and infrastructure investment strategies, including opportunistic, value add, core plus and debt investments. We are supported by exceptional people and flexible capital, which enable us to originate and execute on a wide range of compelling investment opportunities. Visit slateam.com to learn more.

Forward-Looking Statements

Certain information herein constitutes “forward-looking information” as defined under Canadian securities laws which reflect management’s expectations regarding objectives, plans, goals, strategies, future growth, results of operations, performance, business prospects and opportunities of the REIT. The words “plans”, “expects”, “does not expect”, “scheduled”, “estimates”, “intends”, “anticipates”, “does not anticipate”, “projects”, “believes”, or variations of such words and phrases or statements to the effect that certain actions, events or results “may”, “will”, “could”, “would”, “might”, “occur”, “be achieved”, or “continue” and similar expressions identify forward-looking statements. Such forward-looking statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations.

Forward-looking statements are necessarily based on a number of estimates and assumptions that, while considered reasonable by management as of the date hereof, are inherently subject to significant business, economic and competitive uncertainties and contingencies. When relying on forward-looking statements to make decisions, the REIT cautions readers not to place undue reliance on these statements, as forward-looking statements involve significant risks and uncertainties and should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether or not the times at or by which such performance or results will be achieved. A number of factors could cause actual results to differ, possibly materially, from the results discussed in the forward-looking statements. Additional information about risks and uncertainties is contained in the filings of the REIT with securities regulators.

SOT-Dist

Contacts

Investor Relations

+1 416 644 4264

ir@slateam.com

First-of-its-kind 3D residence to develop by Summer 2022 in Ontario, Canada

WINDSOR, Ontario–(BUSINESS WIRE)–#3D–Habitat for Humanity Windsor-Essex, is partnering with the University of Windsor and nidus3D – Canada’s leaders in 3D construction printing, on the nation’s first permitted 3D printed residential homes.

This historic project – on the site of Leamington’s The Bridge Youth Resource Centre – is a key step in increasing access to affordable housing in Canada.

“This will be a historic build, the first 3D printed homes for residential use in this country, and potentially a game-changing solution to the current housing crisis. Habitat Windsor-Essex is working with the University of Windsor to learn more about how this new technology can potentially shorten construction times, and, over time, reduce input costs. Habitat W-E will benefit from the learning here, and those learnings could have a far-reaching impact for Habitat, and for the construction industry more broadly,” said Fiona Coughlin, Executive Director & CEO Habitat for Humanity Windsor.

This build is partially funded through Canada Mortgage and Housing Corporation’s Innovation Fund. And thanks to the latest partnership with nidus3D, Habitat for Humanity is leaning on the company’s cutting-edge 3D construction technology to make home ownership more affordable in Canada.

“In Windsor-Essex alone, there are currently 6,500 individuals that are homeless or at risk of homelessness, and the current solutions are simply not adequate in addressing this issue,” said, Ian Arthur, President & Founder nidus3D. “nidus3D is driven by the mission for increasing access to housing, and we’re deeply honoured for building the first multi-unit 3D printed homes in North America. This historic build serves as proof-of-concept for future builds, and paves the path for quicker and more cost-effective homes for Canadian families.”

During COVID, there was devastating impact of co-living on rooming houses and other communal living spaces. There was loss of life that could have been prevented.

Krista Rempel, Executive Director for The Bridge Youth Resource Centre states, “We’re grateful for the opportunity to be part of this historic build. The Bridge is investing in housing through this collaborative opportunity to not only do their part in addressing this housing crisis but the initiative will also support on-going operating dollars to sustain the organization long-term.”

This first-of-its-kind project will result in four units, in a self-contained home each unit measuring 560 square feet.

“We are very proud to be an active partner and research collaborator in this landmark research project of 3D printed home construction,” said Dr. Sreekanta Das, Professor of Civil Engineering at the University of Windsor.

This construction project will help forming the design codes and standards on 3D printed constructions.

“We are excited about this innovative solution to addressing the national housing crisis,” said Hilda MacDonald, Mayor of the Municipality of Leamington. “We are very grateful the Municipality of Leamington was selected as the location of this first-of-its-kind fully accessible 3-D multi-unit residential build.”

The 3D printed homes will be available by Summer 2022 for individuals and couples in need of attainable housing. For more information, visit: 3D Printed Homes Partnership.

About Habitat for Humanity Windsor-Essex

Habitat for Humanity Windsor-Essex is a non-profit organization working for a world where everyone has a safe and decent place to live. You can support Habitat for Humanity Windsor-Essex by donating or shopping at the Restore located at 51 Edinborough St. in Windsor. Visit www.habitatwindsor.org for more information.

About nidus3D

nidus3D is a strategic partner and distributor of COBOD BOD2 printers based out of Kingston, Ontario. With experience in construction, lean manufacturing, and public affairs, the team at nidus3D is actively deploying 3DCP (3D Construction Printing) technology to lower building costs and increase access to housing that is resilient, efficient and sustainable, all while complying with Canadian building standards. Visit nidus3d.com for more information.

About The Bridge Youth Resource Centre

The Bridge is a non-profit organization focused on the vision to help every youth reach their potential. Individuals can learn more about The Bridge, including giving opportunities, by visiting www.thebridgeyouth.ca.

About University of Windsor

The University of Windsor is a leading research and teaching university located in Windsor, Ontario, Canada. The Department of Civil and Environmental Engineering is an academic department within the Faculty of Engineering that has been researching the development of environmentally-friendly, sustainable printing materials, as well as the applications of 3D printing in construction to resolve the ongoing domestic housing crisis.

Contacts

Habitat for Humanity Windsor-Essex
Fiona Coughlin
Executive Director, CEO

Mobile: 519-969-3762 x225

Email: fcoughlin@habitatwindsor.org

nidus3D Inc.
Ian Arthur
President, CEO

Mobile: 613-449-2745

Email: ian@nidus3d.com

University of Windsor
Sreekanta Das, PhD, PEng
Professor of Civil Engineering

Ph: 519-253-3000 x2507

Email: sdas@uwindsor.ca

Media Inquiries:
Jay Sachdev
Founder, CEO

Breathe Purpose Media

Mobile: 647-203-3595

Email: jay@breathepurposemedia.com

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”) (TSX: CHP.UN) announced today that the trustees of Choice Properties have declared a cash distribution for the month of May, 2022 of $0.061667 per trust unit, representing $0.74 per trust unit on an annualized basis, payable on June 15, 2022 to Unitholders of record at the close of business on May 31, 2022.

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.

Contacts

Mario Barrafato

Chief Financial Officer

Choice Properties REIT

(416) 628-7872

Mario.Barrafato@choicereit.ca

TORONTO–(BUSINESS WIRE)–Slate Grocery REIT (TSX: SGR.U) (TSX: SGR.UN) (the “REIT”), an owner and operator of U.S. grocery-anchored real estate, announced today that the Board of Trustees has declared a distribution for the month of May 2022 of U.S.$0.072 per class U unit of the REIT (“Class U Units”), or U.S.$0.864 on an annualized basis.

Holders of Class U Units may elect to receive their distribution in Canadian dollars and should contact their broker to make such an election.

Holders of class A units of the REIT (“Class A Units”) will receive a distribution equal to the Canadian dollar equivalent (based on the U.S./Canadian dollar exchange rate at the time of payment of the distribution) of U.S.$0.072 per Class A Unit, unless the unitholder has elected to receive distributions in U.S. dollars. Holders of class I units of the REIT (“Class I Units”) will receive a distribution of U.S.$0.072 per Class I Unit, unless the unitholder has elected to receive distributions in Canadian dollars. Holders of units of subsidiaries of the REIT that are exchangeable into Class U Units (“Exchangeable Units”) will receive a distribution of U.S.$0.072 per unit.

If a holder of Class U Units or Class I Units elects to receive distributions in Canadian dollars, the holder will receive the Canadian dollar equivalent amount of the distribution being paid on the Class U Units or Class I Units, as applicable, based on the U.S./Canadian dollar exchange rate at the time of payment of the distribution.

Distributions on all unit classes of the REIT, and distributions on Exchangeable Units, will be payable on June 15, 2022 to unitholders of record as of the close of business on May 31, 2022.

About Slate Grocery REIT (TSX: SGR.U / SGR.UN)

Slate Grocery REIT is an owner and operator of U.S. grocery-anchored real estate. The REIT owns and operates approximately U.S. $1.9 billion of critical real estate infrastructure across major U.S. metro markets that communities rely upon for their daily needs. The REIT’s resilient grocery-anchored portfolio and strong credit tenants provide unitholders with durable cash flows and the potential for capital appreciation over the longer term. Visit slategroceryreit.com to learn more about the REIT.

About Slate Asset Management

Slate Asset Management is a global alternative investment platform targeting real assets. We focus on fundamentals with the objective of creating long-term value for our investors and partners. Slate’s platform has a range of real estate and infrastructure investment strategies, including opportunistic, value add, core plus and debt investments. We are supported by exceptional people and flexible capital, which enable us to originate and execute on a wide range of compelling investment opportunities. Visit slateam.com to learn more.

Forward-Looking Statements

Certain information herein constitutes “forward-looking information” as defined under Canadian securities laws which reflect management’s expectations regarding objectives, plans, goals, strategies, future growth, results of operations, performance, business prospects and opportunities of the REIT. The words “plans,” “expects,” “does not expect,” “scheduled,” “estimates,” “intends,” “anticipates,” “does not anticipate,” “projects,” “believes,” or variations of such words and phrases or statements to the effect that certain actions, events or results “may,” “will,” “could,” “would,” “might,” “occur,” “be achieved,” or “continue” and similar expressions identify forward-looking statements. Such forward-looking statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations.

Forward-looking statements are necessarily based on a number of estimates and assumptions that, while considered reasonable by management as of the date hereof, are inherently subject to significant business, economic and competitive uncertainties and contingencies. When relying on forward-looking statements to make decisions, the REIT cautions readers not to place undue reliance on these statements, as forward-looking statements involve significant risks and uncertainties and should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether or not the times at or by which such performance or results will be achieved. A number of factors could cause actual results to differ, possibly materially, from the results discussed in the forward-looking statements. Additional information about risks and uncertainties is contained in the filings of the REIT with securities regulators.

SGR-Dist

Contacts

Investor Relations

+1 416 644 4264

ir@slateam.com