TORONTO, March 23, 2022 (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 April 14, 2022 to holders of Common Shares of record on March 31, 2022. The Company also offers… [Read More]
NorthWest Healthcare Properties REIT Announces $165 Million Equity Financing
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES TORONTO, March 23, 2022 (GLOBE NEWSWIRE) — NorthWest Healthcare Properties Real Estate Investment Trust (TSX: NWH.UN) (“NorthWest” or the “REIT”) announced today a public offering, on a “bought deal” basis, of 10,870,000 trust units (the “Units”) at a price of $13.80… [Read More]
RESAAS Launches Groundbreaking Payment System for the Real Estate Industry
RESAAS Pay Introduces Industry’s First KYC and AML Compliant Broker-to-Broker Payment System, Enabling Cross-Border and Multi-Currency Transactions VANCOUVER, BC, March 23, 2022 /CNW/ – RESAAS Services Inc. (TSXV: RSS) (OTCQB: RSASF), (“RESAAS” or the “Company”), a technology platform for the real estate industry, today announced the launch of RESAAS Pay, a first-of-its-kind digital payment system for Real Estate… [Read More]
Core Development Group Appoints Daniel Ger as Executive Vice President of Development, Multi-Residential
TORONTO–(BUSINESS WIRE)–#appointmentrelease–Toronto-based real estate development company, Core Development Group (Core), recently announced the appointment of Daniel Ger to the position of Executive Vice President (EVP) of Development, Multi-Residential.
In his role as EVP, Ger will be responsible for managing the company’s multi-unit residential portfolio from concept to completion. He will oversee the firm’s planning and development department, internal and external sales and marketing teams and ensure smooth execution from the acquisition to closing stages of all projects.
“I am very pleased to welcome Daniel to the company. Daniel is a seasoned professional with exceptional leadership and development skills and I am confident he will add immense value to Core in his role overseeing the firm’s growing multi-unit residential portfolio,” said Bryan Nykoliation, President of Core Development Group.
Ger has over 15 years of experience in the real estate development sector, spanning across an array of asset types. The majority of his career was spent developing a portfolio of seniors housing communities across Ontario. Most recently, Ger was Chief Development Officer (CDO) of Options for Homes, Canada’s largest affordable housing developer. As CDO, Ger was responsible for the development of over 2,000 residential units across Ontario, ranging from complex urban infill developments to green-field master planned communities.
Ger received his M.B.A. with honours from the University of Guelph. He is a mentor with the Urban Land Institute, a member of the City of Brampton’s Housing Advisory Committee and is a guest lecturer at the University of Guelph and Schulich School of Business.
About Core Development Group
Core Development Group is a Toronto-based real estate development company that actively sources, develops and manages a wide range of residential real estate projects. The company takes a holistic approach to development and offers a comprehensive range of development and project management services to their clients and partners. Core’s wholly-owned subsidiary, Avanew, focuses on acquiring and developing both urban and suburban rental assets to address the growing demand for more affordable residential living alternatives throughout Ontario. For more information, visit: coredevelopment.ca.
Contacts
Rachel Rogers
Public Relations Specialist
McOuat Partnership
Cell: 416-984-5524
rachel@partnership.ca
Saint-Gobain to Install Heat Recovery Technology at its Gypsum Plant in Vancouver, British Columbia, Reducing Carbon Dioxide Emissions and Energy Consumption
VANCOUVER, British Columbia–(BUSINESS WIRE)–Saint-Gobain, through its building products subsidiary CertainTeed Canada Inc., will invest approximately $4 Million CAD to install heat recovery technology at its gypsum wallboard plant in Vancouver, reducing the plant’s carbon dioxide emissions by 10% and improving the energy efficiency of the facility.
The investment comes only months after Saint-Gobain announced its new global Grow and Impact strategy, which includes plans to reduce the company’s energy consumption and emissions. CertainTeed’s project in Vancouver was selected to receive a $1.4 Million CAD shared investment from the CleanBC Industry Fund program, which provides government funding for cleaner technologies that reduce emissions in industry.
Gypsum wallboard is made from a gypsum slurry that is poured and dries between two sheets of paper. During one step in this process, the wallboard passes through a large heated dryer that helps solidify the wallboard and remove moisture from the product.
In Vancouver, Saint-Gobain will install a large heat exchanger on its industrial dryer. The heat exchanger will capture and recycle some of the warm air emitted from the dryer, allowing the plant to maintain the dryer’s temperature while consuming less energy and ultimately reducing the facility’s carbon dioxide emissions.
“We know that part of being a good business is being a good neighbor – and we will continue to strive to lead our industry towards a more sustainable future,” said Richard Juggery, CEO of CertainTeed Canada. “This project will help our company maximize our positive impact, for our customers and the communities where we do business, while minimizing our environmental footprint. We thank the CleanBC program for its support, and look forward to many more years of sustainable, state-of-the-art manufacturing in Vancouver.”
CertainTeed’s plant in Vancouver is the only gypsum wallboard manufacturing facility in British Columbia. The site began operations in 1975 and today is home to approximately 80 employees.
The heat recovery project in Vancouver follows several other recent actions taken by the company to solidify its commitment towards sustainability:
- Earlier this month, Saint-Gobain announced that through its virtual Power Purchase Agreement with the Blooming Grove Wind Farm in McLean County, Illinois, and additional renewables contracting, the company received renewable energy certificates that effectively reduced approximately 33% of its CO2 emissions from electricity usage in 2021 in the United States and Canada.
- In February, the company invested $32 Million to upgrade equipment at its insulation plant in Chowchilla, California, reducing the facility’s carbon footprint by more than 4,000 metric tons per year.
- In January, Saint-Gobain North America donated a zero energy ready house in Canton, Ohio, made with more than 20 of its own products, to Habitat for Humanity.
About CertainTeed
Through the responsible development of innovative and sustainable building products, CertainTeed, headquartered in Malvern, Pennsylvania, has helped shape the building products industry for more than 115 years. Founded in 1904 as General Roofing Manufacturing Company, the firm’s slogan “Quality Made Certain, Satisfaction Guaranteed,” inspired the name CertainTeed. Today, CertainTeed is a leading North American brand of exterior and interior building products, including roofing, siding, solar, fence, railing, trim, insulation, drywall and ceilings. www.certainteed.com.
About Saint-Gobain
Worldwide leader in light and sustainable construction, Saint-Gobain designs, manufactures and distributes materials and services for the construction and industrial markets. Its integrated solutions for the renovation of public and private buildings, light construction and the decarbonization of construction and industry are developed through a continuous innovation process and provide sustainability and performance. The Group’s commitment is guided by its purpose, “MAKING THE WORLD A BETTER HOME.”
€44.2 billion in sales in 2021
167,000 employees, located in 75 countries
Committed to achieving Carbon Neutrality by 2050
For more details on Saint-Gobain, visit http://www.saint-gobain.com and follow us on Twitter @saintgobain.
Contacts
David Rosen
Saint-Gobain Corporate Communications
Media@saint-gobain.com
Dream Impact Trust Announces March 2022 Monthly Distribution
TORONTO–(BUSINESS WIRE)–DREAM IMPACT TRUST (TSX: MPCT.UN) (“Dream MPCT” or the “Trust”) today announced its March 2022 monthly distribution in the amount of 3.333 cents per Unit (40 cents annualized). The March distribution will be payable on April 14, 2022 to unitholders of record as at March 31, 2022.
Dream Impact is an open-ended trust dedicated to impact investing. Impact investing is the intention of creating measurable positive, social and environmental change in our communities and for our stakeholders, while generating attractive financial returns. Dream Impact’s underlying portfolio is comprised of exceptional real estate assets reported under two operating segments: development and investment holdings, 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 the Trust 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; balance growth and stability of the portfolio, increasing cash flow, unitholders’ equity and NAV over time; leverage access to an experienced management team and strong partnerships in order to generate attractive returns for investors; provide investors with a portfolio of high-quality real estate development opportunities, concentrated in core geographic markets; and provide predictable cash distributions to unitholders on a tax-efficient basis. 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
Dream Industrial REIT Announces March 2022 Monthly Distribution
TORONTO–(BUSINESS WIRE)–DREAM INDUSTRIAL REIT (TSX: DIR.UN) (the “Trust”) announced today its March 2022 monthly distribution in the amount of 5.833 cents per Unit (70 cents annualized). The March distribution will be payable on April 14, 2022 to unitholders of record as at March 31, 2022.
Dream Industrial REIT is an unincorporated, open-ended real estate investment trust. As at December 31, 2021, Dream Industrial REIT owns, manages and operates a portfolio of 239 industrial assets (351 buildings) comprising approximately 43 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
Automotive Properties REIT Reports 2021 Fourth Quarter and Year-End Results
TORONTO, March 22, 2022 /CNW/ – Automotive Properties Real Estate Investment Trust (TSX: APR.UN) (“Automotive Properties REIT” or the “REIT”) today announced its financial results for the fourth quarter (“Q4 2021”) and year ended December 31, 2021 (“2021”). “The resiliency of our tenants’ businesses throughout the pandemic underlines the essential nature of the automotive retail… [Read More]
Summit Industrial Income REIT to Acquire $25 Million Single-Tenant Industrial Property in prime GTA Location
TORONTO, March 22, 2022 /CNW/ – Summit Industrial Income REIT (“Summit” or the “REIT”) (TSX: SMU.UN) announced that it has waived conditions and will acquire a 76,423 square foot Class A single tenant property in the Greater Toronto Area. Summit will pay $25.2 million for the property, well below replacement cost and generating a going-in… [Read More]
Kontrol Technologies to Present at the Maxim Group 2022 Virtual Growth Conference
TORONTO–(BUSINESS WIRE)–Kontrol Technologies Corp. (NEO:KNR) (OTCQB:KNRLF) (FSE:1K8) (“Kontrol” or the “Company”), a leader in smart building technology, today announced that management will present at the Maxim Group 2022 Virtual Growth Conference taking place on Monday, March 28th through Wednesday, March 30th, 2022.
Paul Ghezzi, CEO of Kontrol Technologies, is scheduled to present as follows:
Maxim Group 2022 Virtual Growth Conference
Date: Monday, March 28th, 2022
Time: 9:00 a.m. ET
Registration: Virtual Presentation
The presentation will be available on M-Vest using the link above through 5:30 p.m. ET on Wednesday, March 30th. Registration is required for conference participation. Please follow the link above or reach out to your Maxim Group representative for more information.
Kontrol Technologies Corp.
Kontrol Technologies Corp., a Canadian public company, is a leader in smart buildings and cities through IoT, Cloud and SaaS technology. Kontrol provides solutions and services to its customers to improve energy management, monitor continuous emissions and accelerate the sustainability of all buildings.
Additional information about Kontrol Technologies Corp. can be found on its website at www.kontrolcorp.com and by reviewing its profile on SEDAR at www.sedar.com
Neither IIROC nor any stock exchange or other securities regulatory authority accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
This news release contains “forward-looking information” within the meaning of applicable securities laws. All statements contained herein that are not clearly historical in nature may constitute forward-looking information. In some cases, forward-looking information can be identified by words or phrases such as “may”, “will”, “expect”, “likely”, “should”, “would”, “plan”, “anticipate”, “intend”, “potential”, “proposed”, “estimate”, “believe” or the negative of these terms, or other similar words, expressions, and grammatical variations thereof, or statements that certain events or conditions “may” or “will” happen, or by discussions of strategy.
Where Kontrol expresses or implies an expectation or belief as to future events or results, such expectation or belief is based on assumptions made in good faith and believed to have a reasonable basis. Such assumptions include, without limitation, that sufficient capital will be available to the Company and that technology will be as effective as anticipated.
However, forward-looking statements are subject to risks, uncertainties, and other factors, which could cause actual results to differ materially from future results expressed, projected, or implied by such forward-looking statements. Such risks include, but are not limited to, that sufficient capital and financing cannot be obtained on reasonable terms, or at all; that those technologies will not prove as effective as expected; those customers and potential customers will not be as accepting of the Company’s product and service offering as expected; and government and regulatory factors impacting the energy conservation industry.
Accordingly, undue reliance should not be placed on forward-looking statements and the forward-looking statements contained in this press release are expressly qualified in their entirety by this cautionary statement. The forward-looking statements contained herein are made as at the date hereof and are based on the beliefs, estimates, expectations, and opinions of management on such date. Kontrol does not undertake any obligation to update publicly or revise any such forward-looking statements or any forward-looking statements contained in any other documents whether as a result of new information, future events or otherwise or to explain any material difference between subsequent actual events and such forward-looking information, except as required under applicable securities law. Readers are cautioned to consider these and other factors, uncertainties, and potential events carefully and not to put undue reliance on forward-looking information.
Contacts
Kontrol Technologies Corp.
Paul Ghezzi
CEO
info@kontrolcorp.com
180 Jardin Drive, Unit 9, Vaughan, ON L4K 1X8
Tel: (905) 766.0400
Investor Relations:
Brooks Hamilton
MZ Group – MZ North America
KNRLF@mzgroup.us
Tel: +1 (949) 546.6326
Inovalis Real Estate Investment Trust Announces Distributions for March, April and May, 2022
TORONTO–(BUSINESS WIRE)–Inovalis Real Estate Investment Trust (the “REIT”) (TSX: INO.UN) announced today that its Board of Trustees has declared the REIT’s monthly cash distribution for the months of March, April and May, 2022 as per the following schedule:
Month |
Record Date |
Distribution Date |
Distribution Amount |
March, 2022 |
March 31, 2022 |
April 18, 2022 |
$0.06875 |
April, 2022 |
April 29, 2022 |
May 16, 2022 |
$0.06875 |
May, 2022 |
May 31, 2022 |
June 15, 2022 |
$0.06875 |
ABOUT INOVALIS REAL ESTATE INVESTMENT TRUST
Inovalis Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established pursuant to a declaration of trust under the laws of the Province of Ontario. The REIT has been created for the purpose of acquiring and owning office properties primarily located in France and Germany but also opportunistically in other European countries where assets meet the REIT’s investment criteria.
Contacts
David Giraud, Chief Executive Officer
Inovalis Real Estate Investment Trust
Tel: +33 1 5643 3323
david.giraud@inovalis.com
Khalil Hankach, Chief Financial Officer
Inovalis Real Estate Investment Trust
Tel:+33 1 5643 3313
khalil.hankach@inovalis.com
BTB REIT Announces $35 Million Bought Deal Equity Offering and Provides Capital Deployment & Operational Updates
/NOT FOR DISTRIBUTION TO THE UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/ MONTRÃAL, March 21, 2022 /CNW Telbec/ – BTB Real Estate Investment Trust (TSX: BTB.UN) (“BTB“, the “REIT” or the “Trust“) announces today that it has reached an agreement with a syndicate of underwriters led by National Bank Financial Inc. (the… [Read More]
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