TORONTO, May 06, 2025 (GLOBE NEWSWIRE) — Allied Properties Real Estate Investment Trust (“Allied”) (TSX:AP.UN) announced today the results of matters voted on at its annual and special meeting of the holders (the “Unitholders”) of units and special voting units of Allied (collectively, “Units”) held on May 6, 2025 (the “Meeting”). The voting results for… [Read More]
Colliers Reports First Quarter Results
Engineering delivers strong year-over-year gains and internal growth First quarter operating highlights: Three months ended March 31 (in millions of US$, except EPS) 2025 2024 Revenues $ 1,141.2 $ 1,002.0 Adjusted EBITDA (note 1) 116.0 … [Read More]
SmartStop Celebrates Winning Designs in North American Door Wrap Design Contest
LADERA RANCH, Calif.–(BUSINESS WIRE)–SmartStop Self Storage REIT, Inc. (“SmartStop”) (NYSE:SMA), an internally managed real estate investment trust and a premier owner and operator of self-storage facilities in the United States and Canada, is thrilled to announce the winners of its North American Door Wrap Design Contest. Eleven artists have each earned a $1,000 cash prize and the opportunity to have their original artwork featured on an exterior storage unit door at SmartStop’s Ladera Ranch, California location. SmartStop expects to complete installation by June 15.
In addition, several talented artists will receive $300 honorable mention prizes for their outstanding entries.
Congratulations to the $1,000 prize winners:
- Jennifer Geiger – Sarasota, Florida
- Finn Rodriguez – Largo, Florida
- Mariana Thornton – Commerce City, Colorado
- Lynn Hurley – Castle Rock, Colorado
- Robert Panzer – Peoria, Arizona
- Cody Taylor – Davis, California
- Lisa Ng – Redmond, Washington
- Sergio Cuellar – Riverside, California
- Shirley P. Dutcher – Lady Lake, Florida
- Dawn Crandall – Anchorage, Alaska
- Justine Anderson – Waukesha, Wisconsin
Each of these original designs will soon transform an everyday storage unit into a vibrant celebration of artistic talent, creating an exciting new visual experience for our customers and team members.
“This contest was about more than just decorating a door—it was about giving artists across the U.S. and Canada a canvas to inspire,” said H. Michael Schwartz, Chairman and CEO of SmartStop. “We were blown away by the creativity and passion in the submissions and can’t wait for our customers to experience the results in person.”
About SmartStop Self Storage REIT, Inc. (SmartStop):
SmartStop Self Storage REIT, Inc. (“SmartStop”) (NYSE:SMA) is a self-managed REIT with a fully integrated operations team of approximately 590 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 May 1, 2025, SmartStop has an owned or managed portfolio of 220 operating properties in 23 states, the District of Columbia, and Canada, comprising approximately 157,100 units and 17.7 million rentable square feet. SmartStop and its affiliates own or manage 41 operating self-storage properties in Canada, which total approximately 34,400 units and 3.5 million rentable square feet. Additional information regarding SmartStop is available at www.smartstopselfstorage.com
Contacts
David Corak
Sr. VP of Corporate Finance and Strategy
SmartStop Self Storage REIT, Inc.
IR@smartstop.com
Timbercreek Financial Announces 2025 First Quarter Results
TORONTO, May 05, 2025 (GLOBE NEWSWIRE) — Timbercreek Financial (TSX: TF) (the “Company”) announced today its financial results for the three months ended March 31, 2025 (“Q1 2025”). Q1 2025 Highlights1 Strong top-line income and distributable income: Net investment income of $28.6 million compared to $24.6 million in Q1 2024. Net income and comprehensive income… [Read More]
Colliers adds leading telecommunications engineering firm
Expands wireless infrastructure capabilities TORONTO and CHICAGO, May 05, 2025 (GLOBE NEWSWIRE) — Leading diversified professional services and investment management company, Colliers (NASDAQ, TSX: CIGI), announced today that its Colliers Engineering & Design (“Colliers Engineering”) division has acquired Terra Consulting Group, LLC (“Terra”), a specialty telecommunications infrastructure engineering firm based in Chicago, Illinois. This acquisition… [Read More]
Primaris REIT Announces 2025 Annual General Meeting Voting Results
TORONTO–(BUSINESS WIRE)–Primaris Real Estate Investment Trust (“Primaris” or the “Trust”) (TSX: PMZ.UN) announced today that each of the trustee nominees listed in the management information circular of Primaris dated April 1, 2025 (the “Circular”) were elected as trustees of the Trust at the annual general meeting of unitholders held May 1, 2025 (the “Meeting”). Voting results for the individual trustees of the Trust are as follows:
|
|
Number of Units Voted For |
Percentage of Units Voted For |
Number of Units Withheld for Voting |
Percentage of Units Withheld from Voting |
|
Avtar Bains |
71,858,852 |
98.95 % |
765,950 |
1.05 % |
|
Anne Fitzgerald |
71,297,018 |
98.17 % |
1,327,782 |
1.83 % |
|
Louis Forbes |
71,134,625 |
97.95 % |
1,490,175 |
2.05 % |
|
Timothy Pire |
71,847,350 |
98.93 % |
777,452 |
1.07 % |
|
Patrick Sullivan |
71,853,152 |
98.94 % |
771,650 |
1.06 % |
|
Deborah Weinswig |
71,806,085 |
98.87 % |
818,715 |
1.13 % |
In addition, Primaris is pleased to announce that the non-binding advisory resolution on the Trust’s approach to executive compensation, as set out in the Circular, was approved by 98.46% of the votes, the resolution to re-appoint KPMG LLP as the auditors of the Trust for the ensuing year and authorizing the trustees to fix the remuneration to be paid to the auditors was approved by 99.85% of the votes and the resolution to make certain amendments to the REIT’s Incentive Unit Plan, as set out in the Circular, were approved by 98.81% of the votes.
About Primaris Real Estate Investment Trust
Primaris is Canada’s only enclosed shopping centre focused REIT, with ownership interests in leading enclosed shopping centres located in growing Canadian markets. The portfolio totals 14.2 million square feet, valued at approximately $4.5 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.
For more information: TSX: PMZ.UN www.primarisreit.com www.sedarplus.ca
Contacts
Alex Avery
Chief Executive Officer
416-642-7837
aavery@primarisreit.com
Rags Davloor
Chief Financial Officer
416-645-3716
rdavloor@primarisreit.com
Claire Mahaney
VP, Investor Relations & ESG
647-949-3093
cmahaney@primarisreit.com
Timothy Pire
Chair of the Board
chair@primarisreit.com
RepairFind Launches App to Simplify Home Repair and Maintenance Connections
New app connects homeowners and business owners with qualified contractors in minutes
VANCOUVER, British Columbia–(BUSINESS WIRE)–Today, RepairFind, an innovative platform designed to connect homeowners and business owners with skilled local contractors for their repair and maintenance needs, launches two dedicated apps tailored to specific user needs. Driven by a mission to simplify the process of finding reliable service providers, RepairFind offers an easy and seamless experience for customers and contractors alike across the Lower Mainland. Imagine Uber—but for home repairs and maintenance.
The RepairFind Customer App empowers homeowners and business owners to easily book reliable services with just a few taps. Whether help is needed with electrical work, plumbing, painting, renovations, or even architectural or interior design, RepairFind connects with local, qualified contractors to get the job done right.
For home service industry professionals, the RepairFind Contractor App is the go-to solution for growing their business and streamlining operations. By removing the need for advertising, RepairFind offers contractors a direct and hassle-free way to connect with customers. The app allows contractors to showcase their skills, manage bookings, and communicate directly with customers in real time—all in one convenient platform.
“Our goal with RepairFind is to eliminate the frustration customers feel when trying to find trustworthy contractors and simultaneously provide skilled professionals with a strong platform to expand their businesses,” said Gilbert Moore, CEO and Founder of RepairFind. “This app is designed to enhance transparency, simplify bookings, and ultimately build trust between customers and service providers.”
The platforms feature an intuitive, four-step process designed to enhance the user experience for both homeowners and contractors: create an account as a contractor or customer; explore a range of trusted services or contractors in the area; book appointments and chat with contractors in real time; and sit back and enjoy reliable, high-quality home or business services. Available services include plumbing, electrical, mechanical (HVAC), renovations, painting, cabinetry, interior design, home inspections, builders, architects, landscaping, and much more.
RepairFind is available for download on iOS and Android devices.
For more information, please visit www.repairfind.ca.
About RepairFind
RepairFind is a Vancouver-based platform dedicated to transforming the home repair and maintenance industry. The dual-app solution connects customers and contractors for their repair and maintenance needs in a seamless, transparent environment. With a mission to simplify the process of finding reliable service providers and ensure a seamless experience for both contractors and customers, RepairFind is transforming the home repair and maintenance industry.
Contacts
Media Contact
Logan Findlay
logan@talkshopmedia.com
604-440-8999
Inovalis Real Estate Investment Trust Announces the Closing of the Sale of the Sabliere Property for €18.2 Million
TORONTO–(BUSINESS WIRE)–Inovalis Real Estate Investment Trust (the “REIT”) (TSX: INO.UN) today announced the closing of the sale of the Sablière property to a third party for €18.2 million ($28.3 million). The property was sold at a modest 2% premium over its original purchase price, despite a markedly softer market environment and the asset being largely vacant at the time of sale, in contrast to its fully leased condition at acquisition in 2014. The transaction generated net proceeds of approximately $13 million (€8.4 million), which the REIT intends to deploy towards debt reduction and to support value-enhancing initiatives across its portfolio, including leasing and redevelopment opportunities.
“This transaction reflects our ongoing efforts to recycle the REIT’s asset base and strengthen the balance sheet,” said Stephane Amine, President and Chief Executive Officer of Inovalis REIT. “The proceeds will provide us with increased financial flexibility as we continue to execute on our strategic priorities.”
FORWARD-LOOKING INFORMATION
This press release may contain forward-looking information within the meaning of applicable securities laws, which reflects the REIT’s current expectations regarding future events, including with respect to the sale of the Sablière Property. In some cases, but not necessarily in all cases, forward-looking statements can be identified by the use of forward looking terminology such as “plans”, “targets”, “expects” or “does not expect”, “is expected”, “an opportunity exists”, “is positioned”, “estimates”, “intends”, “assumes”, “anticipates” or “does not anticipate” or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might”, “will” or “will be taken”, “occur” or “be achieved”. In addition, any statements that refer to expectations, projections or other characterizations of future events or circumstances contain forward-looking statements.
Forward-looking statements are not historical facts, nor guarantees or assurances of future performance but instead represent management’s current beliefs, expectations, estimates and projections regarding future events and operating performance. Forward-looking information is based on a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond the REIT’s control, which could cause actual results and events to differ materially from those that are disclosed in or implied by such forward-looking information. Such risks and uncertainties include, but are not limited to, the factors discussed under “Risk Factors” in the REIT’s most recent annual information form. The REIT does not undertake any obligation to update such forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.
All amounts have been converted to Canadian dollars (CAD$) using an exchange rate of 1.5562 CAD$ per €
About Inovalis REIT
Inovalis REIT is a real estate investment trust listed on the Toronto Stock Exchange in Canada. It was founded in 2013 by Inovalis and invests in office properties in primary markets of France, Germany and Spain. It holds 12 assets. Inovalis REIT acquires (indirectly) real estate properties via CanCorpEurope, authorized Alternative Investment Fund (AIF) by the CSSF in Luxemburg, and managed by Inovalis S.A.
About Inovalis Group
Inovalis S.A. is a French Alternative Investment fund manager, authorized by the French Securities and Markets Authority (AMF) under AIFM laws. Inovalis S.A. and its subsidiaries (Advenis S.A., Advenis REIM) invest in and manage Real Estate Investment Trusts such as Inovalis REIT, open ended funds (SCPI) with stable real estate focus such as Eurovalys (for Germany) and Elialys (Southern Europe), Private Thematic Funds raised with Inovalis partners to invest in defined real estate strategies and direct Co-investments on specific assets.
Inovalis Group (www.inovalis.com), founded in 1998 by Inovalis SA, is an established pan European real estate investment player with EUR 7 billion of AuM and with offices in all the world’s major financial and economic centers in Paris, Luxembourg, Madrid, Frankfurt, Toronto and Dubai. The group is comprised of 300 professionals, providing Advisory, Fund, Asset and Property Management services in Real Estate as well as Wealth Management services.
Contacts
For further information, please contact:
Stephane Amine, President and Chief Executive Officer
Inovalis Real Estate Investment Trust
Tel: +33 1 5643 3315
stephane.amine@inovalis.com
Khalil Hankach, Chief Financial Officer
Inovalis Real Estate Investment Trust
Tel: +33 1 5643 3313
khalil.hankach@inovalis.com
Firm Capital Apartment REIT Provides Strategic Review Update, Q4/2024 and 2024 Results
All figures in $USD unless otherwise noted. TORONTO, April 30, 2025 (GLOBE NEWSWIRE) — Firm Capital Apartment Real Estate Investment Trust (the “Trust”), (TSXV: FCA.U), (TSXV: FCA.UN) is pleased to report its financial results for the three and twelve months ended December 31, 2024 and provide a Strategic Review update: STRATEGIC REVIEW UPDATE The board… [Read More]
Sapphire Balconies Partners with Kindred Construction and Public Architecture to Deliver Sustainable Solutions for Vienna House in Vancouver
VANCOUVER, British Columbia–(BUSINESS WIRE)–Today, Sapphire Balconies (Sapphire) announces its pivotal role in bringing sustainable, prefabricated balcony designs to the Vienna House residential development, a near-zero-emissions rental apartment community in East Vancouver. Developed in partnership with the Province of British Columbia, through BC Housing, Kindred Construction, and Public Architecture, Vienna House represents the future of sustainable, community-focused living in Vancouver.
Vienna House is an affordable rental apartment community that champions innovation and sustainability, incorporating advanced building techniques such as hybrid mass timber construction, Passive House design principles, and prefabricated building components. Sapphire brings innovation and sustainability to the forefront with their proprietary prefabricated aluminum balconies, a solution that combines practicality with environmental advantages and energy efficiency.
“We’re pleased to collaborate with Kindred Construction and Public Architecture to create housing that not only enhances community living, but also leads the way in sustainable residential design,” said Luke Haughton, President and Managing Director at Sapphire Balconies. “Vienna House is a tremendous opportunity to showcase our commitment to forward-thinking, eco-friendly solutions.”
Developed in partnership with the Province, through BC Housing, Public Architecture, and Kindred Construction, the project aims to provide safe, affordable, and environmentally responsible housing for Canadian residents. The community will consist of 123 units, including 57 family units, all mixed between deep subsidy, rent geared to income, and affordable market rental units.
This collaboration marks a significant step forward in Sapphire’s work in Canada, as part of a broader commitment to sustainable construction practices. Prefabricated offsite, these lightweight, modular balconies are faster to install and significantly improve safety during construction, as they can be mounted from inside patio door openings.
Sapphire’s aluminum balconies are engineered with sustainability and efficiency in mind, and their materials boast a 19% reduction in embodied carbon compared to traditional concrete balconies. Sapphire’s balcony design is more thermally efficient, reducing energy consumption and enhancing sustainability, while its lighter structure compared to concrete alternatives makes transportation and installation more efficient, cutting transport-related emissions.
To learn more about Vienna House, visit viennahouse.ca. To learn more about Sapphire Balconies, visit balconies.global.
About Sapphire Balconies
Sapphire Balconies specializes in innovative aluminum balcony solutions tailored for mid-to-high-rise residential construction. With a focus on sustainability and precision engineering, Sapphire integrates advanced prefabrication techniques to ensure faster installations, improved safety, and exceptional thermal efficiency. Sapphire continues to redefine balcony design globally with its commitment to quality and environmental stewardship. For more information, please visit www.balconies.global.
Contacts
Media Contact
Logan Findlay
logan@talkshopmedia.com
604-440-8999
Allied Announces First-Quarter Results
TORONTO, April 30, 2025 (GLOBE NEWSWIRE) — Allied Properties Real Estate Investment Trust (“Allied”) (TSX: “AP.UN”) today announced results for the three months ended March 31, 2025. “Operations in the first quarter were strong in all respects. Our occupied and leased area remained stable, and our workspace portfolio continued to outperform in terms of occupancy in… [Read More]
Brookfield Property Partners Declares Quarterly Dividends on Listed Preferred Units
All dollar references are in U.S. dollars, unless noted otherwise. BROOKFIELD NEWS, April 30, 2025 (GLOBE NEWSWIRE) — Brookfield Property Partners (“BPY” or the “Partnership”) announced today that the Board of Directors has declared quarterly distributions on the Partnership’s Class A Nasdaq-listed BPYPP, BPYPO, BPYPN and BPYPM (TSX: BPYP.PR.A) preferred units of $0.40625 per unit,… [Read More]
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