LONDON–(BUSINESS WIRE)–#BuckinghamGate–H.I.G. Capital, LLC (“H.I.G.”), a leading global alternative investment firm with $48 billion of equity capital under management, announced today that an affiliate has provided mezzanine financing to Shiva Hotels, backed by a portfolio of prime hotel assets in London, including The Guardsman, Buckingham Gate and Middle Eight Covent Garden.

Riccardo Dallolio, Managing Director and Head of H.I.G. Europe Realty in London, commented: “We believe that London’s 5 star sector will emerge as a winner coming out of the pandemic and that our flexible investing approach across the capital structure has allowed H.I.G. to become a partner of choice for property companies and developers”.

Chris Zlatarev, Principal at H.I.G. Europe Realty, added: “We are delighted to partner with Shiva Hotels and have structured tailor-made financing to support the company’s growth. H.I.G. worked with Shiva Hotels and the senior lenders on a financing solution adapted to current market conditions, allowing the company to focus on implementing its business plan”.

About H.I.G. Capital

H.I.G. is a leading global alternative assets investment firm with $48 billion of equity capital under management.* Based in Miami, and with offices in New York, Boston, Chicago, Dallas, Los Angeles, San Francisco, and Atlanta in the U.S., as well as international affiliate offices in London, Hamburg, Madrid, Milan, Paris, Rio de Janeiro, São Paulo and Bogotá, H.I.G. specializes in providing both debt and equity capital to small and mid-sized companies, utilizing a flexible and operationally focused/value-added approach:

1. H.I.G.’s equity funds invest in management buyouts, recapitalizations and corporate carve-outs of both profitable as well as underperforming manufacturing and service businesses.
2. H.I.G.’s debt funds invest in senior, unitranche and junior debt financing to companies across the size spectrum, both on a primary (direct origination) basis, as well as in the secondary markets. H.I.G. is also a leading CLO manager, through its WhiteHorse family of vehicles, and manages a publicly traded BDC, WhiteHorse Finance.
3. H.I.G.’s real estate funds invest in value-added properties, which can benefit from improved asset management practices.
4. H.I.G. Infrastructure focuses on making value-add and core plus investments in the infrastructure sector.

Since its founding in 1993, H.I.G. has invested in and managed more than 300 companies worldwide. The firm’s current portfolio includes more than 100 companies with combined sales in excess of $30 billion. For more information, please refer to the H.I.G. website at www.higcapital.com.

* Based on total capital commitments managed by H.I.G. Capital and affiliates.

Contacts

Riccardo Dallolio

Managing Director

rdallolio@higrealty.com

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

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

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

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