TORONTO, Sept. 20, 2024 (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 October 15, 2024 to holders of Common Shares of record on September 27, 2024. The Company… [Read More]
Strategic Storage Growth Trust III, Inc. Announces Opening of New Facility in Alberta, Canada
LADERA RANCH, Calif.–(BUSINESS WIRE)–Strategic Storage Growth Trust III, Inc. (“SSGT III”), a private real estate investment trust sponsored by an affiliate of SmartStop Self Storage REIT, Inc. (“SmartStop”), is pleased to announce the acquisition of its newest self-storage facility in St. Albert, Alberta, Canada.
Located at 8 Inglewood Drive in St. Albert, Alberta, this newly constructed two-building facility encompasses approximately 36,900 net rentable square feet. It includes approximately 310 units, offering interior climate-controlled and drive-up units. The facility features an advanced keyless entry system that ensures heightened security and convenient access for customers. This cutting-edge technology significantly improves the overall customer experience.
Strategically positioned near the St. Albert Trail, a major thoroughfare connecting St. Albert to Edmonton, this facility enjoys excellent visibility from high traffic. The area’s above-average median household income within a five-mile radius further strengthens its ideal location. With residential rental units expected to double in the surrounding area in the next few years, this facility is well-positioned to serve a variety of neighborhoods, including Inglewood, Oakmont, Woodlands, Pineview, Braeside, Sturgeon, Mission, Lacombe Park, Erin Ridge, Forest Lawn, Grandin, North Ridge, and Deer Ridge.
A significant expansion is planned for the first half of 2025, with completion anticipated in the first half of 2026. This expansion will add approximately seven drive-up buildings and 640 units, expanding the total combined net rentable square feet to approximately 70,500 square feet. The additional capacity will meet growing demand, demonstrating our commitment to growth and exceptional customer service.
H. Michael Schwartz, CEO and President of SSGT III, expressed his enthusiasm for this new addition to the company’s portfolio. “The acquisition of the St. Albert facility represents a significant milestone as it serves as the first property acquired in the greater Edmonton area and province of Alberta for SSGT III. We are excited to offer the community a top-tier storage solution that combines convenience, security, and accessibility.”
About Strategic Storage Growth Trust III, Inc. (SSGT III):
SSGT III is a Maryland corporation that was elected to qualify as a REIT for federal income tax purposes. SSGT III’s primary investment strategy is to invest in growth-oriented self-storage facilities and related self-storage real estate investments in the United States and Canada. As of September 19, 2024, SSGT III has a portfolio of seven operating properties in the United States, comprising approximately 5,160 units and 556,400 rentable square feet, two operating properties in Canada, comprising approximately 1,080 units and 118,700 rentable square feet and joint venture interests in two developments in two Canadian provinces (Québec and British Columbia). In addition, a subsidiary of SSGT III serves as the sponsor of a Delaware Statutory Trust, which owns two operating properties in the United States comprising approximately 1,040 units and 123,000 rentable square feet.
About SmartStop Self Storage REIT, Inc. (SmartStop):
SmartStop Self Storage REIT, Inc. (“SmartStop”) is a self-managed REIT with a fully integrated operations team of approximately 500 self-storage professionals focused on growing the SmartStop® Self Storage brand. SmartStop, through its indirect subsidiary SmartStop REIT Advisors, LLC, also sponsors other self-storage programs. As of September 19, 2024, SmartStop has an owned or managed portfolio of 201 operating properties in 22 states and Canada, comprising approximately 141,400 units and 16.0 million rentable square feet. SmartStop and its affiliates own or manage 36 operating self-storage properties in Canada, which total approximately 31,000 units and 3.2 million rentable square feet. Additional information regarding SmartStop is available at www.smartstopselfstorage.com.
Contacts
David Corak
VP of Corporate Finance
SmartStop Self Storage REIT, Inc.
IR@smartstop.com
RioCan Real Estate Investment Trust Announces September 2024 Distribution
TORONTO–(BUSINESS WIRE)–RioCan Real Estate Investment Trust (“RioCan”) (TSX: REI.UN) today announced a distribution of 9.25 cents per unit for the month of September. The distribution will be payable on October 7, 2024, to unitholders of record as at September 30, 2024.
About RioCan
RioCan is one of Canada’s largest real estate investment trusts. RioCan owns, manages and develops retail-focused, mixed-use properties located in prime, high-density transit-oriented areas where Canadians want to shop, live and work. As at June 30, 2024, our portfolio is comprised of 187 properties with an aggregate net leasable area of approximately 33 million square feet (at RioCan’s interest). To learn more about us, please visit www.riocan.com.
Contacts
RioCan
Kim Lee
Vice President, Investor Relations
(416) 646-8326
StorageVault Completes Purchase for $71,500,000
TORONTO, Sept. 18, 2024 (GLOBE NEWSWIRE) — STORAGEVAULT CANADA INC. (“StorageVault”) (SVI-TSX) is pleased to announce that it has completed the acquisition of the two adjacent properties, located in Toronto, ON announced on July 16, 2024 for an aggregate purchase price of $71,500,000 (the “Acquisition”). The total purchase price of the Acquisition, subject to customary… [Read More]
Beacon Expands Digital Platform to Support Canadian Customers
Provides roofing contractors with online capabilities to gain efficiency in real-time
HERNDON, Va.–(BUSINESS WIRE)–$becn #Ambition2025—Beacon (Nasdaq: BECN) the leading publicly-traded wholesale distributor specializing in roofing, waterproofing and exterior products, announced today that it has launched its industry-leading digital platform, Beacon PRO+®, in Canada.
Beacon PRO+ is a robust, no-cost digital tool that is used by thousands of U.S. roofing contractors to manage their business and sales process anywhere at any time. At the office or on-the-go, customers can find product descriptions and specifications optimized to their area and order templates to help ensure a complete and accurate order.
“I’m thrilled to make Beacon PRO+ available to our Canadian contractors in both English and French. The efficiencies gained will allow them to stand out from competitors with responsiveness and planning,” commented Charles Michaud, Regional Vice President for Canada at Beacon.
“Customers value the investment we have made to bring them features like customized pricing and quotes, order history and templates as well as online bill payment. Now, Canadian contractors can build their businesses faster with the confidence that Beacon PRO+ is on the job 24/7,” explained Jonathan Bennett, Chief Commercial Officer at Beacon.
Since 2017, Beacon has supported customers with digital capabilities to help them grow their businesses. During the three months ended June 30, 2024, digital sales reached approximately 26% of residential sales underscoring contractors growing demand for digital tools. Expanding our digital platforms and penetration is a key element of driving above market growth in our Ambition 2025 plan.
About Beacon
Founded in 1928, Beacon is a Fortune 500, publicly-traded specialty distributor of building products, including roofing materials and complementary products, such as siding and waterproofing. The company operates over 570 branches throughout all 50 states in the U.S. and 7 provinces in Canada. Beacon serves an extensive base of nearly 100,000 customers, utilizing its vast branch network and diverse service offerings to provide high-quality products and support throughout the entire business lifecycle. Beacon offers its own private label brand, TRI-BUILT®, and has a proprietary digital account management suite, Beacon PRO+®, which allows customers to manage their businesses online. Beacon’s stock is traded on the Nasdaq Global Select Market under the ticker symbol BECN. To learn more about Beacon, please visit www.becn.com.
Contacts
INVESTOR CONTACT
Binit Sanghvi
VP, Capital Markets & Treasurer
Binit.Sanghvi@becn.com
972-369-8005
MEDIA CONTACT
Jennifer Lewis
VP, Communications and Corporate Social Responsibility
Jennifer.Lewis@becn.com
571-752-1048
SmartCentres Declares Distribution for September 2024
TORONTO, Sept. 17, 2024 (GLOBE NEWSWIRE) — SmartCentres Real Estate Investment Trust (“SmartCentres”) (TSX: SRU.UN) announced today that the trustees of SmartCentres have declared a distribution for the month of September 2024 of $0.15417 per unit, representing $1.85 per unit on an annualized basis. The distribution will be payable on October 15, 2024 to unitholders… [Read More]
Choice Properties Real Estate Investment Trust Declares Cash Distribution for the Month of September, 2024
Not for distribution to U.S. News Wire Services or dissemination in the United States.
TORONTO–(BUSINESS WIRE)–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 September, 2024 of $0.063333 per trust unit, representing $0.76 per trust unit on an annualized basis, payable on October 15, 2024 to Unitholders of record at the close of business on September 30, 2024.
About Choice Properties Real Estate Investment Trust
Choice Properties is a leading Real Estate Investment Trust that creates enduring value through places where people thrive.
We are more than a national owner, operator and developer of high-quality commercial and residential real estate. We believe in creating spaces that enhance how our tenants and communities come together to live, work, and connect. This includes our industry leadership in integrating environmental, social and economic sustainability practices into all aspects of our business. 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.sedarplus.ca.
Contacts
For further information:
Mario Barrafato
Chief Financial Officer
Choice Properties REIT
(416) 628-7872
Mario.Barrafato@choicereit.ca
CAPREIT Announces That ERES Has Agreed to Sell Over $1 Billion of European Properties
This news release constitutes a “designated news release” for the purposes of CAPREIT’s prospectus supplement dated February 22, 2024, to its short form base shelf prospectus dated May 9, 2023. TORONTO, Sept. 16, 2024 (GLOBE NEWSWIRE) — Canadian Apartment Properties Real Estate Investment Trust (“CAPREIT”) (TSX:CAR.UN) announced today that certain subsidiaries of European Residential Real… [Read More]
ERES Announces Approximately €748 Million in Strategic Dispositions
TORONTO, Sept. 16, 2024 (GLOBE NEWSWIRE) — European Residential Real Estate Investment Trust (TSX:ERE.UN) (“ERES” or the “REIT”) announced today the following transactions (all amounts disclosed herein exclude transaction costs and other customary adjustments): ERES Limited Partnership (“ERES LP”) and certain other subsidiaries of ERES have entered into an agreement (the “Disposition Agreement”) with an… [Read More]
Allied Announces September 2024 Distribution
TORONTO, Sept. 16, 2024 (GLOBE NEWSWIRE) — Allied Properties REIT (“Allied”) (TSX:AP.UN) announced today that the Trustees of Allied have declared a distribution of $0.15 per unit for the month of September 2024, representing $1.80 per unit on an annualized basis. The distribution will be payable on October 15, 2024, to unitholders of record as… [Read More]
Flagship Communities Real Estate Investment Trust Announces September 2024 Cash Distribution
Not for distribution to U.S. newswire services or dissemination in the United States. TORONTO, Sept. 16, 2024 (GLOBE NEWSWIRE) — Flagship Communities Real Estate Investment Trust (the “REIT”) (TSX:MHC.U; MHC.UN) announced today a cash distribution of US$0.0492 per REIT unit for the month of September 2024, representing US$0.59 per REIT unit on an annual basis…. [Read More]
ERES REIT Declares September 2024 Monthly Distribution
TORONTO, Sept. 16, 2024 (GLOBE NEWSWIRE) — European Residential Real Estate Investment Trust (TSX: ERE.UN, “ERES”) is pleased to announce that the trustees of ERES have declared the September 2024 monthly cash distribution of €0.01 per Unit and Class B LP Unit (the “September Distribution”), being equivalent to €0.12 per Unit annualized. The distribution will… [Read More]
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