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Konfidis’ Leading Technology and Data Solution Surfaces Top Single-Family Rental Investment Opportunities Across Ontario

April 5, 2022 By Business Wire

Leveraging its cutting-edge technology, proprietary rental data, and extensive investment research, combined with boots on the ground diligence, the Konfidis solution helps individual investors easily identify, evaluate, and manage investment properties across Ontario better. With Konfidis, buy your next investment property with confidence.

TORONTO–(BUSINESS WIRE)–#datascience—Konfidis is pleased to announce the launch of its leading technology and investment platform to unlock the compelling benefits of residential real estate investment as we help individual investors answer their three key questions: “Where should I look?”, “Which property should I buy?”, and “How can I outperform the market?”

The Konfidis platform utilizes proprietary rental data to generate anticipated investment return metrics for every MLS listing and a growing set of off-market opportunities, in real-time, and layers various other technology, data, and investment attributes to surface the top investment properties across Ontario.

Konfidis investor clients receive:

  • weekly shortlists of comprehensively reviewed properties, which are accompanied by a diligence report (including data gathered from an on-site visit to the property, as well as financial analysis);
  • access to sophisticated real estate investment calculators; and
  • a turn-key post-acquisition solution, including property management, alleviating the headaches that come with owning an investment property.

Sign up today at Konfidis.com and start receiving our weekly top single-family rental investment opportunities.

“When we talk to investors big and small, they all have the same pain points. ‘Where are the best opportunities to invest?’ and once a property is found ‘How can I quickly evaluate if it’s a good buy?’ The answers to these questions can be solved using a combination of data science and technology, coupled with our belief that also physically inspecting properties, before presenting opportunities, is key to efficiently serve our clients,” said John Asher, President, and Co-Founder of Konfidis.

“Where you live is not necessarily where we may find the best opportunities, and most likely, limiting your search radius leads to suboptimal returns,” said Jared Kalish, Executive Chairman and Co-Founder of Konfidis. “We search across Ontario with the aim of selecting opportunities which we believe will outperform the market over the long run.”

Konfidis also makes a portion of its platform available for investors who seek to perform their own research. The publicly accessible version allows for visual comparisons between cities and neighbourhoods, heat maps, metrics such as historical house price appreciation and sold data, as well as anticipated income driven by Konfidis’s proprietary rental data, among other items.

In addition to being a leading real estate investment services platform, Konfidis strives to be a champion for tenants. It seeks to enhance the quality and availability of rental housing solutions for Canadian families. Konfidis enhances the professionalism of the tenant experience with technology designed to improve the efficiency of leasing, payment processing, and service call coordination.

About Konfidis

Konfidis Inc. is Canada’s leading solution for residential real estate investors. As a technology and big data-focused platform, Konfidis supports the entire investment process from opportunity identification, due diligence, and acquisition to comprehensive workflow management and broad post-acquisition management services and support.

Konfidis seeks to deliver visited and reviewed turnkey residential real estate investment opportunities to its investor clients. As a company, Konfidis is dedicated to delivering enhanced solutions for Canadian families seeking high-quality and dependable long-term rental housing alternatives as a core principle.

Contacts

John Asher, President

(416) 200-0954

john@konfidis.com

Jared Kalish, Executive Chairman

(647) 980-4661

jared@konfidis.com

ERES REIT Announces Timing of First Quarter 2022 Results & Conference Call

April 4, 2022 By Globenewswire Tagged With: TSX:ERE.UN

TORONTO, April 04, 2022 (GLOBE NEWSWIRE) — European Residential Real Estate Investment Trust (“ERES”) (TSX:ERE.UN) announced today it will issue its financial results for the three months ended March 31, 2022 after markets close on: Monday, May 2, 2022 A conference call hosted by Phillip Burns, Chief Executive Officer, and Stephen Co, Chief Financial Officer,… [Read More]

Genesis Land Development Corp. Announces Completion of 157-Acre Acquisition for $29.15 Million in Calgary

April 4, 2022 By NewsWire Tagged With: TSX:GDC

CALGARY, AB, April 4, 2022 /CNW/ – Genesis Land Development Corp. (TSX: GDC), is pleased to report that it has completed its acquisition of 157 acres of future residential development land (the “Land”) in east Calgary for a purchase price of approximately $29.15 million. Genesis paid a non-refundable deposit of $2.18 million in February 2021… [Read More]

BSR REIT TO REPORT FIRST QUARTER 2022 FINANCIAL RESULTS ON MAY 10, 2022

April 4, 2022 By NewsWire Tagged With: TSX:HOM.U, TSX:HOM.UN

LITTLE ROCK, AR and TORONTO, ON, April 4, 2022 /CNW/ – BSR Real Estate Investment Trust (the “REIT”) (TSX: HOM.U; HOM.UN) today announced that it will release its 2022 first quarter financial results after market close on Tuesday, May 10th, 2022. Dan Oberste, Chief Executive Officer, and Susan Koehn, Chief Financial Officer, will host a conference call… [Read More]

Invesque Continues Strategic Initiative to Streamline and Strengthen Portfolio via Disposition of Approximately US$75 Million of Assets

April 4, 2022 By NewsWire Tagged With: TSX:IVQ, TSX:IVQ.U

TORONTO, April 4, 2022 /CNW/ –  Invesque Inc. (TSX: IVQ.U) (TSX: IVQ) (the “Company” or “Invesque”) today announced the closing of three separate sales transactions totaling approximately US$75 million that occurred in late March and early April.   On March 31, 2022, the Company closed on the sale of a vacant community in Port Royal, South… [Read More]

Colliers completes acquisitions in Italy

April 4, 2022 By Globenewswire Tagged With: TSX:CIGI

Expands presence in an important European region TORONTO and MILAN, Italy, April 04, 2022 (GLOBE NEWSWIRE) — Leading global professional services and investment management firm, Colliers (NASDAQ and TSX: CIGI), today announced the completion of two previously reported acquisitions: Colliers Italy, a previously affiliated full service commercial real estate firm, and Antirion SGR S.p.A., one of… [Read More]

Homeownership feels further out of reach than at pandemic peak, Scotiabank Housing Poll

April 4, 2022 By NewsWire Tagged With: TSX:BNS

TORONTO, April 4, 2022 /CNW/ – Canadians are less likely to purchase a home now than they were at the height of the pandemic, according to the latest Scotiabank Housing Poll. Twice as many Canadians are putting their plans to purchase a home on hold in today’s economic environment, when compared to the first year… [Read More]

Granite REIT Notice of Conference Call for First Quarter 2022 Results

April 4, 2022 By Business Wire

TORONTO–(BUSINESS WIRE)–Granite Real Estate Investment Trust (“Granite”) (TSX: GRT.UN / NYSE: GRP.U) expects to announce its financial results for the first quarter ended March 31, 2022 after the close of markets on Wednesday, May 11, 2022.

Granite will hold a conference call on Thursday, May 12, 2022 at 11:00 a.m. (ET). The toll-free number to use for this call is 1 (800) 897-4057. For international callers, please call 1 (416) 981-9014. Please dial in at least 10 minutes prior to the commencement of the call. The conference call will be chaired by Kevan Gorrie, President and Chief Executive Officer.

To hear a replay of the scheduled call, please dial 1 (800) 558-5253 (North America) or 1 (416) 626-4100 (international) and enter reservation number 22017097. The replay will be available until Monday, May 23, 2022.

ABOUT GRANITE

Granite is a Canadian-based REIT engaged in the acquisition, development, ownership and management of logistics, warehouse and industrial properties in North America and Europe. Granite owns 134 investment properties representing approximately 55.9 million square feet of leasable area.

OTHER INFORMATION

Copies of financial data and other publicly filed documents about Granite are available through the internet on the Canadian Securities Administrators’ System for Electronic Document Analysis and Retrieval (SEDAR) which can be accessed at www.sedar.com and on the United States Securities and Exchange Commission’s Electronic Data Gathering, Analysis and Retrieval System (EDGAR) which can be accessed at www.sec.gov. For further information, please see our website at www.granitereit.com or contact Teresa Neto, Chief Financial Officer, at 647-925-7560 or Andrea Sanelli, Associate Director, Legal & Investor Services, at 647-925-7504.

Contacts

Teresa Neto, Chief Financial Officer

647-925-7560

or

Andrea Sanelli, Associate Director, Legal & Investor Services

647-925-7504

BentallGreenOak Expands U.S. Presence with New Office in Austin to Be Led by New Head of Texas Coverage, Mike Leifeste

April 4, 2022 By Business Wire

AUSTIN, Texas–(BUSINESS WIRE)–Today, BentallGreenOak (BGO) announced the opening of a new office in Austin, Texas, to be led by Mike Leifeste, the firm’s newly hired Managing Director and Head of Texas Coverage. BGO’s continued expansion in the U.S. includes a significant growth in the firm’s client base and investment management activity in the U.S. sunbelt states.


Leifeste’s responsibilities in this newly created role will include a focus on deepening BGO’s investor relations activities in the region and serving as a critical touch point on current and future acquisitions in Texas while developing new operating and developer partner relationships.

BGO, on behalf of its clients and strategies, manages over $2.3 billion in commercial real estate and land for development in Texas — over 90% of which is in modern industrial/logistics and multi-family residential. BGO expects to more than double that value over the coming years.

“Mike brings tremendous knowledge and capability to our team in a region of significant importance to our firm, and we are eager to establish our presence in the region under his strong leadership,” said John Carrafiell, co-CEO and founding member of BentallGreenOak. “We share with Mike a common culture of client-centricity and a belief in the importance of investing in local capability to bring our investor clients closer to the action.”

Leifeste joins BGO from Texas Treasury Safekeeping Trust Company (TTSTC), where he served in various capacities for the past 24 years, including most recently as Head of Real Estate and Real Assets for the past seven years. In his previous role, Leifeste was responsible for TTSTC’s 15% allocation to real assets and private equity energy investments, including a portfolio of real estate, private equity, and private credit funds that consisted of over 85 funds and more than $2 billion in commitments.

“I am pleased to be joining BentallGreenOak at an exciting and high growth period for the firm, with a clear and ambitious mandate for developing our investor and partner relationships, and a real estate portfolio that is built to respond to the economic and social aspirations of the state of Texas, now and into the future,” said Mike Leifeste, Managing Director and Head of Texas Coverage, BentallGreenOak. “BGO’s timely presence in Austin will enable us to draw on the strength of our local relationships and knowledge base to deliver outcomes that bode well for our investor-clients, our future tenants and residents, and the broader communities in which they will reside.”

Leifeste graduated from Texas A&M University with a Bachelor of Business Administration and received an MBA from Texas State University. He is a Chartered Alternative Investment Analyst (CAIA) and Chartered Financial Analyst (CFA) charterholder.

About BentallGreenOak

BentallGreenOak is a leading, global real estate investment management advisor and a globally-recognized provider of real estate services. BentallGreenOak serves the interests of more than 750 institutional clients with approximately $74 billion USD of assets under management (as of December 31, 2021) and expertise in the asset management of office, industrial, multi-residential, retail and hospitality property across the globe. BentallGreenOak has offices in 28 cities across thirteen countries with deep, local knowledge, experience, and extensive networks in the regions where we invest in and manage real estate assets on behalf of our clients in primary, secondary and co-investment markets.

BentallGreenOak is a part of SLC Management, which is the alternatives asset management business of Sun Life.

The assets under management shown above includes real estate equity and mortgage investments managed by the BentallGreenOak group of companies and their affiliates, and as of 1Q21, includes certain uncalled capital commitments for discretionary capital until they are legally expired and excludes certain uncalled capital commitments where the investor has complete discretion over investment.

For more information, please visit www.bentallgreenoak.com

Contacts

Media

Rahim Ladha

Global Head of Communications

media@bentallgreenoak.com

MCAN Mortgage Corporation is now MCAN Financial Group

April 1, 2022 By NewsWire Tagged With: TSX:MKP

TORONTO, April 1, 2022 /CNW/ – MCAN Mortgage Corporation d/b/a MCAN Financial Group (“MCAN” or the “Company”) (TSX: MKP), a leading Canadian real estate investment firm, today unveiled a new brand identity and announced that it will now be doing business as MCAN Financial Group. The trade name change reflects the strategic vision of the… [Read More]

Primaris REIT Announces Entry into Automatic Securities Purchase Plan

April 1, 2022 By Business Wire

TORONTO–(BUSINESS WIRE)–Primaris Real Estate Investment Trust (“Primaris” or the “Trust”) (TSX: PMZ.UN) announced today that it has established an automatic securities purchase plan (“ASPP”) in respect of its previously announced normal course issuer bid (“NCIB”).

Under the terms of the NCIB, which commenced on March 9, 2022, Primaris is permitted to purchase for cancellation up to a maximum of 7,498,679 of its Series A units (“Units”) through the facilities of the TSX and Canadian alternative trading systems. Under the terms of the ASPP, the Trust’s broker will be permitted to purchase Units in accordance with certain prearranged trading parameters, during periods when Primaris would not ordinarily be active in the market because of internal trading blackout periods, insider trading rules or otherwise.

Since the commencement of the NCIB through the close of trading on March 31, 2022, the Trust has repurchased for cancellation an aggregate of 201,000 Units at a weighted average purchase price of $15.49 per Unit.

About Primaris

Primaris is Canada’s only enclosed shopping centre focused REIT, with ownership interests primarily in dominant enclosed shopping centres in growing markets. The portfolio totals 11.5 million square feet and is valued at approximately $3.2 billion at Primaris’ share. Economies of scale are achieved through its fully internal, vertically integrated, full-service national management platform. Primaris is very well-capitalized and is exceptionally well positioned to take advantage of market opportunities at an extraordinary moment in the evolution of the Canadian retail property landscape.

Forward-Looking Information

Certain statements included in this news release constitute ‘‘forward-looking information’’ or “forward-looking statements” within the meaning of applicable securities laws. The words “will”, “expects”, “plans”, “estimates”, “intends” and similar expressions are often intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Specific forward-looking statements made or implied in this news release include but are not limited to statements regarding the Trust’s plans, objectives, expectations and intentions with respect to the purchase of Units under the NCIB.

These statements are based on factors or assumptions that were applied in drawing a conclusion or making a forecast or projection, including assumptions based on historical trends, current conditions and expected future developments. Since forward-looking statements relate to future events and conditions, by their very nature they require making assumptions and involve inherent risks and uncertainties. Primaris cautions that although it is believed that the assumptions are reasonable in the circumstances, these risks and uncertainties give rise to the possibility that actual results may differ materially from the expectations set out in the forward-looking statements. Material risk factors and assumptions include those set out in Primaris’ management’s discussion and analysis and annual information form, which are available on SEDAR, and in Primaris’ other materials filed with the Canadian securities regulatory authorities from time to time. Given these risks, undue reliance should not be placed on these forward-looking statements, which apply only as of their dates. Other than as specifically required by law, Primaris undertakes no obligation to update any forward-looking statements to reflect new information, subsequent or otherwise.

Contacts

Alex Avery

Chief Executive Officer

416-642-7837

aavery@primarisreit.com

Rags Davloor

Chief Financial Officer

416-645-3716

rdavloor@primarisreit.com

TSX: PMZ.UN

www.primarisreit.com www.sedar.com

Category: Corporate

Strategic Storage Trust VI, Inc. Enters the Portland, Oregon Market with the Acquisition of Two Recently-Constructed Facilities

April 1, 2022 By Business Wire

LADERA RANCH, Calif.–(BUSINESS WIRE)–Strategic Storage Trust VI, Inc. (“SST VI”), a publicly-registered real estate investment trust sponsored by an affiliate of SmartStop Self Storage REIT, Inc. (“SmartStop”), announced today the acquisition of two recently-constructed self storage facilities in the Portland MSA. These represent the ninth and tenth acquisitions in SST VI. Since SST VI launched as a private REIT in the first quarter of 2021, the REIT has purchased approximately $124 million of self storage facilities and land parcels to be developed into self storage.

“We are extremely excited to enter the Portland market with these two fantastic newly constructed properties,” said Wayne Johnson, Chief Investment Officer of SST VI. “With our tenth acquisition in the REIT, we believe we are amassing a very high quality portfolio that we expect will create strong value for stockholders.”

Located at 4836 SE Powell Blvd, the newly constructed facility in Portland, OR is about three miles east of downtown. Opened in June of 2020, the three-story facility is composed of approximately 56,500 square feet of rental space. The facility’s 520 units are 100% climate controlled with a blend of drive-up, first-floor and elevator-access units. This location is well positioned to serve the areas of Richmond, Hawthorne, Hosford-Abernethy, Reed, Creston-Kenilworth, South Tabor and Southeast Portland and has direct frontage on the corner of SE Powell Blvd and SE 49th Ave with additional visibility from SE Foster Ave. The facility is located in a high density, mature, and moderate income area that is currently experiencing a revitalization.

The Vancouver, WA facility, which opened in February 2020, is located at 16600 SE 18th Street in the Fisher’s Landing neighborhood. It offers approximately 99,200 square feet of rental space and 1,090 units, 100% of which is interior climate controlled. This location serves the areas of Northfield, Cascade Highlands, Fisher’s Landing East, Countryside Woods and Bella Vista and has visibility SE 15th Street and SE 164th Street. The facility is surrounded by high quality retail and very dense and affluent residential communities. It also has desirable amenities including a sophisticated security system, secured and alarmed doors, gated entry, LED lighting.

About Strategic Storage Trust VI, Inc. (SST VI):

SST VI is a Maryland corporation that intends to qualify as a REIT for federal income tax purposes. SST VI’s primary investment strategy is to invest in income-producing and growth self storage facilities and related self storage real estate investments in the Unites States and Canada. As of March 31, 2022, SST VI has a portfolio of eight operating properties in the United States comprising approximately 5,190 units and 543,195 rentable square feet and joint venture interests in two development properties in Toronto, Ontario.

About SmartStop Self Storage REIT, Inc. (SmartStop):

SmartStop is a self-managed REIT with a fully integrated operations team of approximately 420 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 March 31, 2022, SmartStop is one of the largest self storage companies in North America, with an owned and managed portfolio of 165 properties in 19 states and Ontario, Canada and comprising approximately 112,000 units and 12.8 million rentable square feet. SmartStop and its affiliates own or manage 19 operating self storage properties in the Greater Toronto Area, which total approximately 16,200 units and 1.7 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.

949-429-3331

IR@smartstop.com

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