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Tricon Announces Date for First Quarter 2022 Results Conference Call

April 19, 2022 By Business Wire

 

TORONTO–(BUSINESS WIRE)–Tricon Residential Inc. (“Tricon” or the “Company”) (NYSE: TCN; TSX: TCN), an owner and operator of single-family rental homes and multi-family rental apartments in the United States and Canada, invites you to participate in its live conference call with senior management to discuss the Company’s financial results for the first quarter of 2022. The call will take place on Wednesday, May 11 th at 11 a.m. ET.

Tricon’s financial statements and management’s discussion and analysis for the first quarter of 2022 will be released prior to the call and will be made available on the Company’s website, on the Canadian Securities Administrators’ website at www.sedar.com and on the U.S. Securities and Exchange Commission website at www.sec.gov.

To access the call, please dial (888) 550-5422 or (646) 960-0676 (Conference ID #3699415). The conference call will be available via webcast on the Tricon Residential Investor Relations website at www.triconresidential.com. A replay of the call will be available from 2pm ET on May 11th, 2022, until midnight ET, on June 11th, 2022. To access the replay, call (800) 770- 2030 or (647) 362- 9199, followed by Conference ID #3699415.

About Tricon Residential Inc.

Tricon Residential is an owner and operator of a growing portfolio of approximately 37,000 single-family rental homes and multi-family rental apartments in the United States and Canada with a primary focus on the U.S. Sun Belt. Our commitment to enriching the lives of our residents and local communities underpins Tricon’s culture and business philosophy. We strive to continuously improve the resident experience through our technology-enabled operating platform and innovative approach to rental housing. At Tricon Residential, we imagine a world where housing unlocks life’s potential. For more information, visit www.triconresidential.com.

Contacts

Investors:
Wissam Francis

EVP & Chief Financial Officer

Tel: 416-323-2484

Email: wfrancis@triconresidential.com

Wojtek Nowak

Managing Director, Capital Markets

Tel: 416-925-2409

Email: wnowak@triconresidential.com

Slate Grocery REIT Announces Distribution for the Month of April 2022

April 19, 2022 By Business Wire

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 April 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 May 16, 2022 to unitholders of record as of the close of business on April 29, 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

For Further Information
Investor Relations

+1 416 644 4264

ir@slateam.com

Slate Office REIT Announces Distribution for the Month of April 2022

April 19, 2022 By Business Wire

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 April 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 May 16, 2022 to unitholders of record as of the close of business on April 29, 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

For Further Information
Investor Relations

+1 416 644 4264

ir@slateam.com

Alwington Communities Becomes the Largest Condominium Corporation Management Company in Southeastern Ontario

April 19, 2022 By Business Wire

KINGSTON, Ontario–(BUSINESS WIRE)–Alwington Communities has become the largest condominium corporation management company in Southeastern Ontario. Alwington’s recent acquisition of River City Property Management Company in Brockville adds an additional 70 rental units and 17 condominium corporations to Alwington’s rapidly expanding portfolio.

“Alwington’s incredible growth over the last few years is a testament to our exemplary employees across Ontario who provide consistent, high-quality service at every step,” said Alwington Communities’ President, Michael Trendota. “As we continue to grow, we are thrilled to be strengthening our presence in the Brockville and Cornwall community and are excited to welcome an incredible roster of talented individuals to our team,” he added.

The River City transaction closed on March 15, 2022. The newly acquired company will continue to operate under the River City Property Management name for the foreseeable future. For more information about Alwington Communities, please visit alwington.com

ABOUT ALWINGTON COMMUNITIES

Founded and headquartered in Kingston, Ontario in 2015, Alwington Communities operates throughout the Province of Ontario. The firm maintains offices in Kingston and Brockville, with satellite offices in Oshawa and Guelph. In 2022, Alwington became the largest condominium management firm in Southeastern Ontario, managing 48 condominium corporations and over 2,800 units. Alwington Communities is a Keilty Realty company. For more information, visit alwington.com

Contacts

Media:

Carol King
Senior Account Executive
McOuat Partnership

Cell: 905-903-9059

carol@partnership.ca

Metrie Closes Acquisition of EL & EL Wood Products Corp.; Expands Footprint in California and Its National Distribution Coverage

April 19, 2022 By Business Wire

VANCOUVER, British Columbia–(BUSINESS WIRE)–Metrie®, North America’s largest manufacturer and distributor of millwork solutions, today completed its acquisition of EL & EL Wood Products Corp (“EL & EL”), the premier two-step distributor of moulding, millwork, and door products across the Southwest US.

“We are excited to complete the acquisition and formally welcome the EL & EL team into the Metrie family. We are better, together,” commented Kent Bowie, President & CEO, Metrie. “We share the same close-knit, people-first culture, and laser focus on customer experience. This, combined with our strong operational capabilities in manufacturing and distribution, positions us well for continued growth in the millwork industry.”

“We want our existing customers, suppliers, and other stakeholders in the Southwest to know that this transaction will not change our customer excellence mindset. To showcase that continuity of service, for the foreseeable future the Southwest business will carry both the Metrie and EL & EL names,” continued Mr. Bowie.

The Metrie EL & EL business in the Southwest will continue to be managed by Lincoln Orellana, Regional Director, California, who has been part of the EL & EL leadership for 9 years. He commented, “I am excited about what the two teams can achieve in supporting our customers and continuing to lead the Southwest market in service, product range, and reliability. I am sure I speak on behalf of close to 400 colleagues when I say we are better, together; and proud to be Metrie EL & EL.”

“We now have a strong presence in every strategic market in Canada and the US; and we are still growing. For family-owned businesses seeking financial and ownership optionality in a consolidating market, like EL & EL Wood Products, Metrie can be a friendly partner of choice,” concluded Mr. Bowie.

Advisors:

Fort Capital Partners acted as exclusive financial advisor and Stoel Rives LLP acted as legal counsel for Metrie.

Fifth Third Securities acted as exclusive financial advisor and Best Best & Krieger LLP acted as legal counsel for EL & EL Wood Products.

About Metrie®:

For nearly 100 years, Metrie has helped people transform their homes with high quality millwork products. The Metrie story began in 1926 as a small, family-owned and -operated business in Vancouver, B.C. Since then, Metrie’s commitment to innovative design and fine craftsmanship has helped the company expand operations to include six solid wood and MDF manufacturing facilities, plus 26 distribution centers in the U.S. and Canada. Metrie has grown over the last nine decades to become the largest MDF moulding manufacturer in North America. For more information, please visit www.Metrie.com or visit us on social media: LinkedIn, Facebook, Instagram, Twitter, Pinterest, YouTube and Houzz.

Contacts

Jonathan Anthony, Director, Corp. Communications | Jonathan.Anthony@metrie.com | 604-374-3240

 

Firm Capital Apartment REIT Announces $26.8 Million Houston Property Joint Venture Buy-Out; $3.5 Million, 12% Preferred Capital Investment and CAD$13 Million Bridge Loan

April 18, 2022 By Globenewswire Tagged With: TSX-V:FCA.U, TSX-V:FCA.UN

All amounts are in US Dollars unless otherwise stated. TORONTO, April 18, 2022 (GLOBE NEWSWIRE) — Firm Capital Apartment REIT (the “Trust”), (TSXV: FCA.U), (TSXV: FCA) is pleased to announce the acquisition of a 50% interest in another of the Trust’s Equity Accounted Investments located in Houston, Texas based on a $26.8 million valuation (the “Houston… [Read More]

RioCan Real Estate Investment Trust Announces April 2022 Distribution

April 18, 2022 By Globenewswire Tagged With: TSX:REI.UN

TORONTO, April 18, 2022 (GLOBE NEWSWIRE) — RioCan Real Estate Investment Trust (“RioCan”) (TSX: REI.UN) today announced a distribution of 8.5 cents per unit for the month of April. The distribution will be payable on May 6, 2022 to unitholders of record as at April 29, 2022. About RioCanRioCan is one of Canada’s largest real… [Read More]

CAPREIT Announces April 2022 Distribution

April 18, 2022 By Globenewswire Tagged With: TSX:CAR.UN

TORONTO, April 18, 2022 (GLOBE NEWSWIRE) — Canadian Apartment Properties Real Estate Investment Trust (“CAPREIT”) (TSX – CAR.UN) announced today its April 2022 monthly distribution in the amount of $0.12084 per Unit (or $1.45 on an annualized basis). The April distribution will be payable on May 16, 2022 to Unitholders of record on April 29,… [Read More]

ERES REIT Declares April 2022 Monthly Distribution

April 18, 2022 By Globenewswire Tagged With: TSX:ERE.UN

TORONTO, April 18, 2022 (GLOBE NEWSWIRE) — European Residential Real Estate Investment Trust (TSX: ERE.UN, “ERES”) is pleased to announce that the trustees of ERES have declared the April 2022 monthly cash distribution of €0.01 per Unit and Class B LP Unit (the “April Distribution”), being equivalent to €0.12 per Unit annualized. The distribution will… [Read More]

Automotive Properties REIT Announces April 2022 Distribution

April 18, 2022 By NewsWire Tagged With: TSX:APR.UN

/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/ TORONTO, April 18, 2022 /CNW/ – Automotive Properties Real Estate Investment Trust (TSX: APR.UN) (the “REIT”) today announced a cash distribution of $0.067 per REIT unit for the month of April 2022, representing $0.80 per REIT unit on an annualized basis…. [Read More]

Allied Announces April 2022 Distribution

April 18, 2022 By Globenewswire Tagged With: TSX:AP-UN.TO, TSX:AP.UN

TORONTO, April 18, 2022 (GLOBE NEWSWIRE) — Allied Properties REIT (“Allied”) (TSX:AP.UN) announced today that the Trustees of Allied have declared a distribution of $0.1458 per unit for the month of April 2022, representing $1.75 per unit on an annualized basis. The distribution will be payable on May 16, 2022, to unitholders of record as… [Read More]

Starlight U.S. Residential Fund to Acquire Class “A” Institutional Quality Property in Phoenix, Arizona Comprising 272 Multi-Family Residential Suites

April 18, 2022 By NewsWire Tagged With: TSX VENTURE:SURF.A, TSX VENTURE:SURF.U

/Not for distribution to U.S. newswire services or for dissemination in the United States./ TORONTO, April 18, 2022 /CNW/ – Starlight U.S. Residential Fund (TSXV: SURF.A) (TSXV: SURF.U) (the “Fund“) announced today that it has entered into an agreement to acquire a 90% interest in The Ventura, a 272-suite Class “A” institutional quality multi-family property… [Read More]

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