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ERES REIT Continues to Accelerate Growth With Additional €36MM Acquisition in The Netherlands

December 22, 2021 By Globenewswire Tagged With: TSX:ERE.UN

TORONTO, Dec. 22, 2021 (GLOBE NEWSWIRE) — European Residential Real Estate Investment Trust (TSX:ERE.UN, “ERES” or the “REIT”) announced today that it has completed the acquisition of a portfolio of eight properties containing an aggregate of 137 single-family homes located throughout the Netherlands (the “Octo Portfolio”). The Octo Portfolio has been acquired for a combined… [Read More]

BTB Announces it Has Waved Conditions for the Acquisition of 9 High-Quality Industrial Properties and 1 Office Property in Western Canada for $94 Million

December 22, 2021 By NewsWire Tagged With: TSX:BTB.UN

The portfolio to be acquired is composed of 9 industrial properties containing 406,818 square feet of gross leasable area (“GLA“) and 1 office property with a GLA of 14,475 square feet; This acquisition will be immediately accretive to BTB’s Funds From Operations per unit (“FFO“); The properties are 100% occupied with reputable national clients, operating… [Read More]

NexLiving Communities completes acquisition of 156 unit, 7 building portfolio in Riverview, NB and announces early repayment of convertible debenture

December 22, 2021 By NewsWire Tagged With: TSX VENTURE:NXLV

HALIFAX, NS, Dec. 22, 2021 /CNW/ – NexLiving Communities Inc. (TSXV: NXLV) (“NexLiving” or the “Company”) announced today that it has completed the previously announced acquisition of 156 units in Riverview, NB (“Whitepine & Cleveland“) for $21.3 million. Whitepine & Cleveland is comprised of seven two-story buildings (529/539/545/625 Whitepine Ave and 1008/1020/1037 Cleveland Ave), which… [Read More]

CORRECTING and REPLACING Starlight Capital Announces 2022 Cash Distributions for Listed ETFs

December 22, 2021 By Business Wire

TORONTO–(BUSINESS WIRE)–Please replace the release dated 12/20/21 with the following corrected version.

The updated release reads:

STARLIGHT CAPITAL ANNOUNCES 2022 CASH DISTRIBUTIONS FOR LISTED ETFS

Starlight Investments Capital LP (“Starlight Capital”), announced today the 2022 monthly distributions for its exchange-traded funds (ETFs) – The Starlight Global Infrastructure Fund (NEO:SCGI.UN) and Starlight Global Real Estate Fund (NEO:SCGR.UN). Unitholders of record will receive cash “per-unit” distributions as per the below schedule:

Starlight

Global Infrastructure

Fund Distribution Rate

Starlight Global

Real Estate Fund

Distribution Rate

 

 

Ex-Div Date

 

 

Record Date

 

 

Payable Date

$0.0477

$0.0485

10/Jan/22

11/Jan/22

14/Jan/22

$0.0477

$0.0485

7/Feb/22

8/Feb/22

11/Feb/22

$0.0477

$0.0485

7/Mar/22

8/Mar/22

11/Mar/22

$0.0477

$0.0485

4/Apr/22

5/Apr/22

8/Apr/22

$0.0477

$0.0485

9/May/22

10/May/22

13/May/22

$0.0477

$0.0485

6/Jun/22

7/Jun/22

10/Jun/22

$0.0477

$0.0485

4/Jul/22

5/Jul/22

8/Jul/22

$0.0477

$0.0485

8/Aug/22

9/Aug/22

12/Aug/22

$0.0477

$0.0485

2/Sep/22

6/Sep/22

9/Sep/22

$0.0477

$0.0485

7/Oct/22

11/Oct/22

14/Oct/22

$0.0477

$0.0485

4/Nov/22

7/Nov/22

10/Nov/22

$0.0477

$0.0485

5/Dec/22

6/Dec/22

9/Dec/22

For eligible unitholders, a distribution reinvestment plan is available. Interested unitholders should contact their brokers and consult the full text of the plan. A copy of the plan is available on www.sedar.com or can be requested from our Advisor and Investor Experience Department (contact details below).

The tax composition of the ETFs’ distributions will be determined on an annual basis and will be available only after the ETF’s tax year-end.

About Starlight Global Infrastructure Fund

The fund’s investment objective is to provide regular current income by investing globally in companies with either direct or indirect exposure to infrastructure.

About Starlight Global Real Estate Fund

The fund’s investment objective is to provide regular current income by investing globally primarily in real estate investment trusts (REITs) and equity securities of corporations participating in the residential and commercial real estate sector.

About Starlight Capital and Starlight Investments

Starlight Capital is an independent asset management firm offering mutual funds, exchange-traded funds, offering memorandum funds and structured products. Our goal is to deliver superior risk adjusted returns to investors through a disciplined investment approach, Focused Business Investing. Starlight Capital is a wholly owned subsidiary of Starlight Investments. Starlight Investments is a privately held, full service, real estate investment and asset management company. The firm manages over $20.0 billion of assets on behalf of institutional joint ventures as well as publicly listed REITs, closed end funds and investment funds and is driven by an experienced team of over 300 professionals. Please visit us at www.starlightcapital.com and connect with us on LinkedIn.

Contacts

Marco Drumonde
Director, Advisor & Investor Experience

1-647-245-2045

mdrumonde@starlightcapital.com

Daikin Announces Daikin ATMOSPHERA with R-32 Refrigerant

December 22, 2021 By Business Wire

The first single zone system with R-32 in North America features impressive efficiency gains while reducing emissions vs. R-410A

HOUSTON–(BUSINESS WIRE)–#Daikin–For the first time in North America, Daikin is launching a home comfort product featuring R-32, a refrigerant with one-third the Global Warming Potential (GWP) of the most common refrigerants currently being used in the United States and Canada.


The new Daikin ATMOSPHERA system featuring R-32 refrigerant from Daikin North America LLC is a single zone, ductless system that gains impressive efficiencies over its R-410A predecessor line, the LV Series, with up to 27.4 SEER, 13.8 HSPF and 16.3 EER ratings for ultra-efficient cooling and heating. Four sizes of indoor and outdoor heat pumps are available, from 9,000 to 24,000 BTU.

“Daikin has sold over 33 million R-32 systems in more than 100 countries and regions,” said Takayuki (Taka) Inoue, Executive Vice President and Chief Sales and Marketing Officer. “We are excited to be the first to bring this proven technology to North America. With an estimated 160 million R-32 systems sold by Daikin combined with other manufacturers worldwide, we are confident R-32 has the all-around performance benefits to make it the ideal replacement for R-410A.”

“Daikin ATMOSPHERA brings North America a powerful, new single-zone system that has a lower GWP, is more efficient and may help lower end-user electric bills compared to R-410A models,” explains Connie Schroder, Sr. Product Manager – Single and Multi-Zone Systems for Daikin. “We’ve also built advanced features into Daikin ATMOSPHERA heat pumps that improve comfort, cleanliness, and usability while simplifying maintenance.”

Daikin ATMOSPHERA’s heat pump performance over its R-410A predecessor is substantial, offering greatly enhanced heating and cooling capacities. The units feature up to 100 percent rated heating capacity at 5°F WB ( -15° C WB) and confirmed continuous operation as low as -13°F WB (-25°C WB). Rated cooling capacity is up to 100 percent at 115°F DB (46°C DB).

New hybrid cooling technology efficiently controls humidity, even in low-cooling loads, and maintains dehumidification effect after the target temperature is reached. Daikin ATMOSPHERA’s novel “CLEAN” operation dries the interior of the indoor unit to reduce the amount of condensation present, while a detachable drain pan allows for easy cleaning.

With the indoor unit’s built-in Wi-Fi, the system can be controlled via the internet with the Daikin Comfort Control App without the need for an additional adaptor. Daikin ATMOSPHERA’s Intelligent Eye employs an infrared sensor to detect movement in the room. If the room is empty for 20 minutes, the set point is changed to start saving energy.

Installation is now more flexible with 50 percent longer piping lengths up to 49 feet, compared to other Daikin single zone systems.

Indoor units include a wireless infrared controller and are compatible with the full suite of optional s21-based single and multi-zone controls solutions, including the Daikin One+ smart thermostat.

Daikin ATMOSPHERA is currently available in Washington, Oregon, and Florida.

Daikin ATMOSPHERA single zone systems are backed by a 12-year parts limited warranty. Complete warranty details available from your local dealer/contractor or at www.daikincomfort.com. To receive the 12-year parts limited warranty, online registration must be completed within 60 days of installation. Online registration is not required in California or Québec.

For more about Daikin ATMOSPHERA and the low-GWP potential benefits of R-32, visit www.DaikinAtmosphera.com and www.R32Reasons.com.

###

About Daikin

Daikin Industries, Ltd. (DIL) is a Fortune 1,000 company with more than 84,870 employees worldwide and is the world’s number 1 air conditioning company. Daikin North America LLC (DNA) is a subsidiary of DIL. DNA and its affiliates manufacture heating and cooling systems for residential, commercial and industrial use and are sold via independent HVAC contractors. DNA engineering and manufacturing is located at Daikin Texas Technology Park near Houston, TX. For additional information, visit www.northamerica-daikin.com.

Additional Information:

Before purchasing this appliance, read important information about its estimated annual energy consumption, yearly operating cost, or energy efficiency rating that is available from your retailer.

Contacts

Marc Bellanger – Director of Marketing & Communications – 713.263.5505

DaikinMedia@DaikinComfort.com

Rental Industry Responds After Deadly Tornado Outbreak

December 22, 2021 By Business Wire

American Rental Association members step up to assist communities impacted by natural disaster

MOLINE, Ill.–(BUSINESS WIRE)–During the evening hours of Dec. 10 and into Dec. 11, parts of Arkansas, Illinois, Kentucky, Mississippi, Missouri and Tennessee were hit with the deadliest U.S. outbreak of tornadoes in a decade. The storm spawned at least 20 tornadoes, according to The Weather Channel. The path of destruction left at least 74 people dead in Kentucky, six in Illinois, four in Tennessee, two in Arkansas and two in Missouri. As of Dec. 14, the total death toll of 88 exceeds the 76 deaths caused by tornadoes in the U.S. in all of 2020.


Several towns across the region were left in ruins like Mayfield, Ky., which took a direct hit from an EF-4 tornado with wind speeds between 166 and 200 mph. Two and a half hours away, Bowling Green, Ky., was hit by at least two tornadoes — one being an EF-3 with winds between 136 and 165 mph.

Jordan Clarke — an ARA Insurance preferred agent and vice president of Charles M. Moore Insurance Agency — lives in Bowling Green where more than a dozen people were killed by the storm.

Clarke reported to the American Rental Association (ARA) that rental business E-Z Rent It in Bowling Green was leveled, and another building was severely impacted.

“It [the tornado] hit several residential areas and the main business thoroughfare that had a lot of commercial businesses,” said Clarke.

“Our downtown area was OK. It jumped around. It hit one area of our community that had a lot of apartments and single-family homes, skipped an area of town and then hit the business district and then hit another residential area. It bounced around and was very random. On one side of the street, the houses were destroyed. On the other side, the houses were OK. It has been very heartbreaking to see this, especially this time of year,” he said.

In Mayfield, Hutson, a John Deere dealership was hit by a tornado.

“John Deere has been in communications with Josh Waggener, resident and CEO of Hutson, since the storm hit, offering our full support,” said Jennifer Hartmann, director, public relations, John Deere.

“Through the deployment of our Enterprise Disaster Support Program, we have partnered with Hutson to provide financial assistance to strengthen community disaster response. Despite their own losses, the Hutson team has stepped up by using equipment from its store to assist with the urgent rescue efforts at the candle factory located next door to the dealership,” Hartmann said.

Sunbelt Rentals, Fort Mill, S.C., has mobilized both team members and equipment into several of the affected areas. In Edwardsville, Ill., parts of the community were damaged after an EF-3 tornado tore through the area. An Amazon warehouse partially collapsed, killing six people.

“We have team members in the Edwardsville area providing temporary structures, debris removal, lighting and temperature control to a distribution warehouse that sustained heavy structural damage,” said Walter Hoehn, emergency response and strategic customer support manager, Sunbelt Rentals.

“In Mayfield, our Emergency Response Team is engaging in site-by-site coordination with local entities to determine the best course for restoration and recovery,” Hoehn said.

Caterpillar, Deerfield, Ill., released a statement from the Caterpillar Foundation, the philanthropic arm of Caterpillar.

“Caterpillar and Cat® dealers are assisting relief efforts by providing equipment and generators to assist in rescue and cleanup. To date, this includes power to waste water treatment plants, water stations and healthcare facilities, and portable generators to support community members impacted by the disaster,” the statement said.

The ARA Foundation is offering Disaster Relief Grants to rental operations and their employees who have been severely impacted by the recent tornado outbreak. The relief grants are designed to help rental businesses rebuild and rental employees experiencing financial hardship following a natural disaster.

“It’s the mission of The ARA Foundation to provide opportunities and assistance for those in the equipment and event rental industry and the communities where they live and work. To help people repair and recover their businesses and homes, The ARA Foundation is pleased to offer financial assistance through business and employee grants,” says Marcy Wright, ARA Foundation executive director.

As Clarke’s community and numerous others move from recovery efforts to rebuilding, he said, “it is really amazing when you see a disaster like this happen, everyone pulls together. It gives you a good sense that people are good and that everyone wants to help. Everyone wants to know what to do. It has been amazing to see the outpouring of support from people from all over the place.”

Photos of E-Z Rent It in Bowling Green, KY. Photos courtesy of Jordan Clarke.

About ARA: (www.ARArental.org) The American Rental Association, Moline, Ill., is an international trade association for owners of equipment and event rental businesses and the manufacturers and suppliers of construction/industrial, general tool and event rental equipment. ARA members, which include more than 11,000 rental businesses and more than 1,000 manufacturers and suppliers, are located in every U.S. state, every Canadian province and more than 40 countries worldwide. Founded in 1955, ARA is the source for information, advocacy, education, networking and marketplace opportunities for the equipment and event rental industry throughout the world.

Contacts

ARA Contact: Debby Schaller (debby.schaller@ararental.org); 800.334.2177, ext. 275

 

Dream Industrial REIT Announces December 2021 Monthly Distribution

December 22, 2021 By Business Wire

TORONTO–(BUSINESS WIRE)–DREAM INDUSTRIAL REIT (TSX: DIR.UN) (the “Trust”) announced today its December 2021 monthly distribution in the amount of 5.833 cents per Unit (70 cents annualized). The December distribution will be payable on January 14, 2022 to unitholders of record as at December 31, 2021.

Dream Industrial REIT is an unincorporated, open-ended real estate investment trust. As at September 30, 2021, Dream Industrial REIT owns, manages and operates a portfolio of 221 industrial assets (326 buildings) comprising approximately 39.8 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

Dream Impact Trust Announces December 2021 Monthly Distribution

December 22, 2021 By Business Wire

TORONTO–(BUSINESS WIRE)–DREAM IMPACT TRUST (TSX: MPCT.UN) (“Dream MPCT” or the “Trust”) today announced its December 2021 monthly distribution in the amount of 3.333 cents per Unit (40 cents annualized). The December distribution will be payable on January 14, 2022 to unitholders of record as at December 31, 2021.

Dream Impact Trust 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 market returns. Dream Impact’s underlying portfolio is comprised of exceptional real estate assets reported under two operating segments: development 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 to 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

BOARDWALK REIT ANNOUNCES SALE OF NON-CORE ASSET AND SPECIAL NON-CASH DISTRIBUTION

December 22, 2021 By NewsWire Tagged With: TSX:BEI.UN

CALGARY, AB, Dec. 21, 2021  /CNW/ – Boardwalk Real Estate Investment Trust (TSX: BEI.UN) Boardwalk Real Estate Investment Trust (“Boardwalk”, the “REIT” or the “Trust”) announces that on December 15, 2021, the Trust closed on the sale of a non-core, 180-unit asset in Saskatoon, SK.  Reid Park is a 3-storey wood frame walk-up community located… [Read More]

BTB Announces the Sale of a Retail Property Located in Brossard, Québec

December 21, 2021 By NewsWire Tagged With: TSX:BTB.UN

MONTRÉAL, Dec. 21, 2021 /CNW Telbec/ – BTB Real Estate Investment Trust (TSX: BTB.UN) (“BTB” or the “REIT“) announces the sale of a retail property located at 2340 Lapinière in Brossard, Québec. Located on the South Shore of Montréal, the property was acquired by BTB in October 2007 for a total consideration of $3.5 million,… [Read More]

LANESBOROUGH REIT ANNOUNCES THE ADJOURNMENT OF ITS PREVIOUSLY ANNOUNCED SPECIAL MEETING OF DEBENTUREHOLDERS

December 21, 2021 By NewsWire Tagged With: TSX VENTURE:LRT.UN, TSX:LRT.NT.A, TSX:LRT.UN

WINNIPEG, MB, Dec. 21, 2021 /CNW/ – Lanesborough Real Estate Investment Trust (“LREIT“) (TSXV: LRT.UN) announces that the holders (“Debentureholders“) of its outstanding 5.00% Series G redeemable subordinated secured debentures due June 30, 2022 (the “Debentures“) passed a motion at the special meeting of the Debentureholders held today (the “Meeting“) adjourning the Meeting until January… [Read More]

MCAN MORTGAGE CORPORATION ANNOUNCES INSIDER PARTICIPATION IN RECENTLY COMPLETED RIGHTS OFFERING

December 21, 2021 By NewsWire Tagged With: TSX:MKP

/NOT FOR DISTRIBUTION OR DISSEMINATION INTO THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES/ TORONTO, Dec. 21, 2021 /CNW/ – MCAN Mortgage Corporation (“MCAN”, the “Company” or “we”) (TSX: MKP) today announced additional information regarding the participation of insiders of MCAN in the rights offering of the Company that expired on December 8, 2021 (the “Rights Offering”)…. [Read More]

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