CHICAGO–(BUSINESS WIRE)–Ventas, Inc. (NYSE: VTR) (“Ventas” or the “Company”) announced today that a presentation providing a business update has been posted to the Events & Presentations section of Ventas’s website at ir.ventasreit.com/events-and-presentations.

These materials will be archived at ir.ventasreit.com/events-and-presentations for a limited period.

About Ventas

Ventas Inc., an S&P 500 company, operates at the intersection of two large and dynamic industries – healthcare and real estate. Fueled by powerful demographic demand from growth in the aging population, Ventas owns a diversified portfolio of over 1,200 properties in the United States, Canada and the United Kingdom. Ventas uses the power of its capital to unlock the value of senior living communities; life science, research & innovation properties; medical office & outpatient facilities, health systems and other healthcare real estate. A globally-recognized real estate investment trust, Ventas follows a successful long-term strategy, proven over more than 20 years, built on diversification of property types, capital sources and industry leading partners, financial strength and flexibility, consistent and reliable growth and industry leading ESG achievements, managed by a collaborative and experienced team dedicated to its stakeholders.

Contacts

Sarah Whitford

(877) 4-VENTAS

Dream LeBreton selected for mixed-use Library Parcel development

OTTAWA, Ontario–(BUSINESS WIRE)–The National Capital Commission (NCC) announced today, in partnership with Canada Mortgage and Housing Corporation (CMHC), that Dream LeBreton has been selected as the successful proponent to develop the first phase of the Building LeBreton project in Ottawa, Ontario.

Dream LeBreton is a partnership between Dream Asset Management Corporation (Dream Unlimited Corp. – TSX:DRM) and Dream Impact Master LP (Dream Impact Trust – TSX:MPCT.UN), along with the Multifaith Housing Initiative, a non-profit housing provider. The design team is led by KPMB Architects and Perkins & Will, supported by Two Row Architect and Purpose Building, with PFS Studio as the landscape architect, EllisDon as the construction manager, and Innovation Seven as the Indigenous engagement consultant.

According to the Canada Green Building Council, this premier project will deliver Canada’s largest residential zero-carbon development. Dream LeBreton will build an integrated community at the LeBreton Flats Library Parcel, a 1.1-hectare site just west of downtown Ottawa, featuring:

• 601 new rental housing units, of which 31% will be accessible, and 41% will be affordable housing comprising the following:
  • 130 units owned by a local not-for-profit rented at 59% of median market rent in perpetuity; and
  • 117 units owned by Dream LeBreton rented at 79% of median market rent for 55 years.

• Affordable units will serve priority populations, as identified in Canada’s National Housing Strategy, including:
  • women and children
  • Algonquin and other Indigenous peoples
  • veterans
  • recent immigrants
  • adults with cognitive disabilities

• Strong social and workforce benefits, including:
  • 15% of the overall value of contracts going to vendors that are at least 50% owned or managed by people from equity-seeking groups, including 5% of contracts to Algonquin and Indigenous businesses
  • 50% of the overall value of contracts going to vendors that are at least 50% owned or managed in the National Capital Region
  • 20% of on-site employment hours going to people from equity-seeking groups, including 5% to Algonquin and Indigenous people

• Retail space, including food retailer, café and health services
• On-site programming and support to enable the well-being of both affordable and market-rate tenants, while fostering a thriving and resilient community, potentially including:
  • tutoring and tutoring-related scholarships
  • after-school programming, including healthy snacks, reading and games
  • adult skills classes and free fitness classes
  • bicycle maintenance shop, and community hub serving diverse needs

• Wastewater energy and solar power-generating systems
• 600 indoor parking spots for bikes and 200 underground parking spots for motor vehicles
• A large outdoor public space that is socially inclusive

This transit-oriented site will also prioritize active mobility with new pedestrian connections from the lower level of Pimisi Station toward the Ādisōke Library site.

NEXT STEPS

The NCC will continue to work with Dream LeBreton to advance the development’s design, as well as address objectives related to the Master Concept Plan in coordination with the City of Ottawa’s review of the project, including ensuring pedestrian priority and safety, and animating the site with active frontages and programming.

Pending final federal and municipal design and development approvals, Dream LeBreton is planning to obtain building permits by the end of 2023, with buildings ready for occupancy by early 2026.

KEY FACTS

• The Library Parcel is the first development phase to be implemented from the LeBreton Flats Master Concept Plan approved by the NCC’s Board of Directors in 2021.
• The site is located at 665 Albert Street, on the western edge of Ottawa’s downtown core, adjacent to the Pimisi O-Train station and close to pathways.
• The proceeds of this $30-million sale will be reinvested by the NCC in public benefits to support the realization of a Capital destination and vibrant community, as envisioned in the LeBreton Flats Master Concept Plan.

QUOTES

“I am pleased with Building LeBreton’s momentum thus far in bringing to life an inspiring vision for a spectacular community in the heart of Canada’s Capital. I commend all of the proponents for their participation in this vigorously competitive process and thank CMHC for their continued partnership. The selected team, Dream LeBreton, is now poised to build Canada’s most sustainably designed community at the Library Parcel.”

—Tobi Nussbaum, CEO, NCC

“Everyone living in Canada deserves a safe and affordable place to call home, and we continue to take action to increase the supply of affordable rental housing. I am delighted to see such a vital project for our nation’s capital move forward.”

—Romy Bowers, President and CEO, CMHC

“Our proposal for the LeBreton Flats Library Parcel is founded on our extensive experience building communities across Canada that are positive for society. We look forward to continuing this tradition by providing desperately needed affordable housing, contributing to a healthier planet by building a zero-carbon community, and by creating inclusive neighbourhoods that provide a stronger sense of belonging for everyone. This project will increase our commitment to the Capital, while realizing the vision for our neighbouring development, Zibi. We welcome the partnership with NCC and CMHC, and will strive to continually innovate and create an even more desirable community as we develop this project.”

—Michael Cooper, Founder, Dream Group of Companies, Dream LeBreton

Link

LeBreton Flats Library Parcel Development

Contacts

Media Information

Mario Tremblay

NCC Media Relations

613-859-9596

mario.tremblay@ncc-ccn.ca

Audrey-Anne Coulombe

CMHC Media Relations

613-748-2573

acoulomb@cmhc-schl.gc.ca

Kim Lefever

Director, Investor Relations

Dream Unlimited Corp.

klefever@dream.ca

Metco Completes Private Equity Firm’s Sixth Transaction in 2021

LOS ANGELES–(BUSINESS WIRE)–Atar Capital, a Los Angeles-based global private investment firm, announced today that it acquired the assets of Metco Landscape (Metco) on December 31, 2021. Metco is the largest privately owned landscape company in Colorado and the established market leader in providing landscape maintenance and development services across the state. Current plans include renaming the business in the near future. This is Atar Capital’s sixth transaction in 2021, with four completed in the month of December alone. Financial terms were not disclosed.

Cyrus Nikou, founder and managing partner of Atar Capital, commented, “This latest transaction aligns well with Atar’s investment criteria and domain expertise, particularly in the area of facilities management. 2021 was an exceptional year for Atar Capital and confirms the success of Atar’s investment model and capabilities in the context of continued challenging market conditions. We look forward to an equally active and successful 2022.”

Robert Lezec, senior managing director for Atar Capital, said, “We are excited to work with a team that has led the industry as the preferred supplier for many general contractors, home builders and other large commercial clients across Colorado over the last three decades through their commitment to consistently delivering the highest levels of service quality. Moreover, the company is uniquely positioned in a market with very favorable economic and population trends that provide tangible prospects for growth over the next few years.”

Atar’s investment team for the transaction included Founder and Managing Partner Cyrus Nikou, Senior Managing Director Robert Lezec, Managing Directors Stanley Huang and Vijay Mony and Director T.J. McCaffrey. Dykema provided legal counsel, GHJ provided tax advisory services and Raymond James served as the exclusive sell-side financial advisor in the transaction.

About Atar Capital

Atar Capital is a global private investment firm that acquires a wide range of lower middle market businesses exhibiting opportunities for growth, revitalization and significant value creation. Atar Capital’s principals have completed more than eighty-five private equity transactions across North America, Europe and South America.

Atar Capital’s combination of operational expertise, industry knowledge and investment experience provide a unique edge in creating value and working as a true partner with its portfolio companies. The firm assists in activities ranging from growing the business to improving operations and financial performance, leveraging all available resources and talent within Atar’s leadership team, as well as its bench of seasoned senior advisors with deep sector and functional expertise. For more information, please visit www.atarcapital.com.

Contacts

Media Contact:
Patricia Kilgore

Sterling Kilgore, Inc.

630-567-9379

pkilgore@sterlingkilgore.com

Atar Capital Contact:
T.J. McCaffrey

Atar Capital

310-870-0808

tjmccaffrey@atarcapital.com

TORONTO–(BUSINESS WIRE)–DREAM INDUSTRIAL REIT (TSX: DIR.UN) (the “Trust”) announced today its January 2022 monthly distribution in the amount of 5.833 cents per Unit (70 cents annualized). The January distribution will be payable on February 15, 2022 to unitholders of record as at January 31, 2022.

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

TORONTO–(BUSINESS WIRE)–DREAM OFFICE REIT (TSX: D.UN) (“Dream Office” or the “Trust”) today announced its January 2022 monthly distribution of 8.333 cents per REIT Unit, Series A ($1.00 annualized). The January distribution will be payable on February 15, 2022 to unitholders of record as at January 31, 2022.

Dream Office REIT is an unincorporated, open-ended real estate investment trust. Dream Office REIT is a premier office landlord in downtown Toronto with approximately 3.5 million square feet owned and managed. We have carefully curated an investment portfolio of high-quality assets in irreplaceable locations in one of the finest office markets in the world. For more information, please visit our website at www.dreamofficereit.ca.

Contacts

Michael J. Cooper

Chairman and Chief Executive Officer

(416) 365-5145

mcooper@dream.ca

Jay Jiang

Chief Financial Officer

(416) 365-6638

jjiang@dream.ca