Not for distribution to U.S. newswire services or dissemination in the United States. TORONTO, May 07, 2024 (GLOBE NEWSWIRE) — Flagship Communities Real Estate Investment Trust (“Flagship” or the “REIT”) (TSX: MHC.U; MHC.UN) today released its first quarter 2024 results. The financial results of the REIT are presented below in accordance with International Financial Reporting… [Read More]
FirstService Declares Quarterly Cash Dividend on Common Shares
TORONTO, May 07, 2024 (GLOBE NEWSWIRE) — FirstService Corporation (TSX: FSV; NASDAQ: FSV) (“FirstService“) announced today that its Board of Directors has declared a quarterly cash dividend on the outstanding Common Shares of US$0.25 per Common Share. The dividend is payable on July 5, 2024 to holders of Common Shares of record at the close… [Read More]
Urbanfund Corp. Announces Loan to Shareholder
TORONTO, May 07, 2024 (GLOBE NEWSWIRE) — Urbanfund Corp. (TSX-V: UFC) (“Urbanfund” or the “Company”), announces that it entered into loan agreement dated May 7, 2024 (the “Loan Agreement”) pursuant to which the Company has agreed to loan Westdale Construction Co. Limited (“Westdale”) the principal amount of $6,000,000 (the “Loan”). The Loan is repayable within… [Read More]
Primaris REIT Announces 2024 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, 2024 (the “Circular”) were elected as trustees of the Trust at the annual general meeting of unitholders held May 2, 2024 (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 |
68,348,296 |
99.83 |
% |
117,717 |
0.17 |
% |
Anne Fitzgerald |
67,198,138 |
98.15 |
% |
1,267,793 |
1.85 |
% |
Louis Forbes |
67,534,041 |
98.64 |
% |
931,890 |
1.36 |
% |
Timothy Pire |
67,594,041 |
98.73 |
% |
871,972 |
1.27 |
% |
Alex Avery |
68,405,572 |
99.91 |
% |
60,441 |
0.09 |
% |
Deborah Weinswig |
67,851,645 |
99.10 |
% |
614,286 |
0.90 |
% |
In addition, Primaris is pleased to announce that a non-binding advisory resolution on the Trust’s approach to executive compensation, as set out in the Circular, was approved by 98.04% of the votes and 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 99.91% of the votes.
As well, Primaris is pleased to announce the appointment of Mr. Pire to the Investment Committee of the Board to replace Mr. Sullivan who did not stand for re-election at the Meeting. As a result of the appointment, every member of a committee of the Board is now independent.
About Primaris Real Estate Investment Trust
Primaris is Canada’s only enclosed shopping centre focused REIT, with ownership interests primarily in leading enclosed shopping centres located in growing mid-sized markets. The current portfolio totals 12.5 million square feet valued at approximately $3.8 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
Timbercreek Financial Announces 2024 First Quarter Results
TORONTO, May 06, 2024 (GLOBE NEWSWIRE) — Timbercreek Financial (TSX: TF) (the “Company”) announced today its financial results for the three months ended March 31, 2024 (“Q1 2024”). Q1 2024 Highlights1 The net mortgage investment portfolio increased by $31.3 million to $977.5 million at the end of Q1 2024 from $946.2 million at the end of… [Read More]
TÜV SÜD expands its services for sustainable buildings with strategic acquisition
MUNICH & ATLANTA–(BUSINESS WIRE)–#SAMBA—TÜV SÜD announces the acquisition of the Sustainable Investment Group, LLC (SIG) and Green Building Education Systems, LLC (GBES). The international provider for testing and certification further expands its services and market presence in the field of sustainable buildings. SIG and GBES are based in Atlanta, USA.
TÜV SÜD is one of the leading service providers for Testing, Inspection and Certification (TIC) worldwide. In the Real Estate and Infrastructure Division, the company offers comprehensive services for the entire life cycle of real estate. In recent years, TÜV SÜD has continuously expanded its services for sustainable buildings. With the strategic acquisition of the Sustainable Investment Group (SIG) and Green Building Education Systems (GBES), TÜV SÜD completes its range of services for sustainability certifications according to international standards and also strengthens its presence in the important US market.
SIG and GBES offer services and training for sustainable real estate in new and existing buildings, focusing the internationally recognized LEED standard. Together, the two companies have around 50 employees. SIG is a leading provider of sustainability solutions for the entire real estate industry. These include consulting services for sustainability standards such as LEED or BREEAM, ESG reporting and sustainable finance consulting. GBES is a leading provider of online training for exam prep and continuing education in the green building sector, with a focus on courses for the LEED standard and other recognized standards such as WELL or Fitwel.
“The strategic acquisition of SIG and GBES enables us to offer our customers the best services in line with all global and many local sustainability standards and also to further our role in educating the building industry. This is a pivotal step towards establishing a global green building association with a far-reaching network of auditors,” said Joachim Birnthaler, CEO of TÜV SÜD’s Real Estate and Infrastructure Division.
“With the integration of SIG and GBES, we are expanding our sustainability services for the US market in a targeted way. This will help us to better support our customers in achieving their sustainability goals and meeting regulatory requirements,” said Dr. Fabian Schober, CEO of TÜV SÜD America.
“Our integration with TÜV SÜD is not just about growing bigger, it´s about growing better. We will continue to innovate and expand our impact in the sustainability sector, driven by our dedication to our customers and our values,” said Charlie Cichetti, CEO of SIG and GBES.
For more information on TÜV SÜD’s real estate services, visit www.tuvsud.com/real-estate.
Founded in 1866 as a steam boiler inspection association, the TÜV SÜD Group has evolved into a global enterprise. More than 26,000 employees work at over 1.000 locations in about 50 countries to continually improve technology, systems and expertise. They contribute significantly to making technical innovations such as Industry 4.0, autonomous driving and renewable energy safe and reliable. tuvsud.com
Contacts
Media Relations:
Dr Thomas Oberst
Office +49 89 5791-2372
Mobile +49 160 3602385
E-Mail thomas.oberst@tuvsud.com
Internet tuvsud.com/newsroom
https://www.tuvsud.com/en/press-and-media
TÜV SÜD AG
Corporate Communications
Westendstr. 199
80686 Munich, Germany
Brookfield Property Partners Declares Quarterly Dividends on Listed Preferred Units
All dollar references are in U.S. dollars, unless noted otherwise. BROOKFIELD NEWS, May 03, 2024 (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]
Slate Grocery REIT Announces Voting Results from 2024 Meeting of Unitholders and Posts Q1 2024 Earnings Call Transcript and Investor Update
TORONTO–(BUSINESS WIRE)–Slate Grocery REIT (TSX: SGR.U) (TSX: SGR.UN) (the “REIT”), an owner and operator of U.S. grocery-anchored real estate, announced today that each of the trustee nominees listed in the management information circular of the REIT dated March 19, 2024 were elected as trustees of the REIT at its annual meeting of the holders (“Unitholders”) of class A units, class I units, class U units and special voting units of the REIT held on May 1, 2024 (the “AGM”). Voting results for the individual trustees are as follows:
Name of Nominee |
|
Voted For |
% |
Voted Withheld |
% |
Colum Bastable |
|
15,240,245 |
93.92 |
986,841 |
6.08 |
Christopher Chee |
|
15,213,953 |
93.76 |
1,013,133 |
6.24 |
Patrick Flatley |
|
15,219,196 |
93.79 |
1,007,890 |
6.21 |
Marc Rouleau |
|
12,185,672 |
75.50 |
3,953,942 |
24.50 |
Andrea Stephen |
|
15,246,013 |
93.95 |
981,073 |
6.05 |
Mary Vitug |
|
15,240,707 |
93.92 |
986,379 |
6.08 |
Blair Welch |
|
15,192,189 |
93.62 |
1,034,897 |
6.38 |
Brady Welch |
|
15,198,435 |
93.66 |
1,028,651 |
6.34 |
The resolution to re-appoint Deloitte LLP as the auditors of the REIT for the ensuing year and to authorize the trustees to fix the remuneration to be paid by the auditors was approved by 79.76% of the votes.
Final results on all matters voted upon at the AGM will be filed with the Canadian securities regulatory authorities and will be available on the REIT’s SEDAR profile at www.sedar.com.
Q1 2024 Earnings Call Transcript and Investor Update
Slate Grocery REIT’s Q1 2024 earnings call transcript and investor update are now available on the REIT’s website and can be accessed by visiting the following links:
About Slate Grocery REIT (TSX: SGR.U / SGR.UN)
Slate Grocery REIT is an owner and operator of U.S. grocery-anchored real estate. The REIT owns and operates approximately U.S. $2.4 billion of critical real estate infrastructure across major U.S. metro markets that communities rely upon for their everyday needs. The REIT’s resilient grocery-anchored portfolio and strong credit tenants provide unitholders with durable cash flows and the potential for capital appreciation over the longer term. Visit slategroceryreit.com to learn more about the REIT.
About Slate Asset Management
Slate Asset Management is a global alternative investment platform. We focus on fundamentals with the objective of creating long-term value for our investors and partners. Slate’s platform focuses on four areas of real assets, including real estate equity, real estate credit, real estate securities, and infrastructure. We are supported by exceptional people and flexible capital, which enable us to originate and execute on a wide range of compelling investment opportunities. Visit slateam.com to learn more, and follow Slate Asset Management on LinkedIn, X (Twitter), and Instagram.
Forward-Looking Statements
Certain information herein constitutes “forward-looking information” as defined under Canadian securities laws which reflect management’s expectations regarding objectives, plans, goals, strategies, future growth, results of operations, performance, business prospects and opportunities of the REIT. The words “plans”, “expects”, “does not expect”, “scheduled”, “estimates”, “intends”, “anticipates”, “does not anticipate”, “projects”, “believes”, or variations of such words and phrases or statements to the effect that certain actions, events or results “may”, “will”, “could”, “would”, “might”, “occur”, “be achieved”, or “continue” and similar expressions identify forward-looking statements. Such forward-looking statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations.
Forward-looking statements are necessarily based on a number of estimates and assumptions that, while considered reasonable by management as of the date hereof, are inherently subject to significant business, economic and competitive uncertainties and contingencies. When relying on forward-looking statements to make decisions, the REIT cautions readers not to place undue reliance on these statements, as forward-looking statements involve significant risks and uncertainties and should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether or not the times at or by which such performance or results will be achieved. A number of factors could cause actual results to differ, possibly materially, from the results discussed in the forward-looking statements. Additional information about risks and uncertainties is contained in the filings of the REIT with securities regulators.
SGR-FR
Contacts
For Further Information
Investor Relations
+1 416 644 4264
ir@slateam.com
European Residential REIT Reports First Quarter 2024 Results
TORONTO, May 02, 2024 (GLOBE NEWSWIRE) — European Residential Real Estate Investment Trust (“ERES” or the “REIT”) (TSX: ERE.UN) announced today its results for the three months ended March 31, 2024. ERES’s unaudited condensed consolidated interim financial statements and management’s discussion and analysis (“MD&A”) for the three months ended March 31, 2024 can be found… [Read More]
Colliers Reports First Quarter Results
Continued growth and resiliency from highly diversified recurring services First quarter operating highlights: Three months ended March 31 (in millions of US$, except EPS) 2024 2023 Revenues $ 1,002.0 $ 965.9 Adjusted EBITDA (note 1) 108.7 104.6 … [Read More]
Nation’s Largest Minority and Woman-Owned Brokerage Joins Real
With $665 million in 2023 home sales, Village Premier Collection joins under Real’s Private Label Program
TORONTO & NEW YORK–(BUSINESS WIRE)–$REAX #therealbrokerage–The Real Brokerage Inc. (NASDAQ: REAX), the fastest-growing, publicly traded real estate brokerage, today announced that Village Premier Collection, the nation’s largest minority and woman-owned independent brokerage, has joined the company under its recently launched Private Label program. Based in Atlanta, Village Premier brings $665 million in annual home sales across six states and the District of Columbia.
An accomplished entrepreneur, coach, speaker, author and U.S. Air Force veteran, Cheri Benjamin began her real estate career in 2000. She was hired as Village Premier’s first agent in 2013, and ultimately acquired the brokerage in 2019. Under her leadership the brokerage has grown rapidly over the past five years. Real’s Private Label program offers independent brokerages like Village Premier the ability to benefit from Real’s tech-first, entrepreneur-centric platform while maintaining and continuing to invest in their own brand.
“I’ve known and admired Cheri for many years, and I couldn’t be more excited that she sees the value of aligning Village Premier with Real. Her values and business approach mesh seamlessly with Real so this couldn’t be a better fit,” Real President Sharran Srivatsaa said. “The Private Label program was designed for brokerages like Village Premier Collection that have built successful businesses on their own, but that will benefit from the resources of a larger platform. I’m excited to welcome Village Premier to Real and look forward to a long and beneficial partnership.”
Since Benjamin’s acquisition just prior to the pandemic, Village Premier has grown from three offices with 67 agents serving the Atlanta area to become the nation’s largest minority and woman-owned independent brokerage. Today, its nearly 500 agents serve the District of Columbia, Florida, Maryland, North Carolina, South Carolina, Virginia and Washington state.
“At Village Premier, our priority has been to build a community where every agent feels safe and is connected by a shared vision. We believe in reaching down and pulling someone up, and that’s in complete alignment with how Real has built its business. It’s a culture that accepts differences, rewards collaboration over competition and where agents are given the ability to build profitable careers,” Benjamin said.
Benjamin began as an agent in 2006. Her insights and expertise on the real estate industry have garnered national and local recognition.
Introduced in January 2024, Real’s Private Label and ProTeams programs make it easy for independent brokerages and teams to join the company. Through Private Label, Real’s white label program, independent brokerages are able to maintain their own brand, while reaping the benefits associated with being a part of Real. ProTeams, which is available to all teams, leverages Real’s proprietary transaction management platform to provide the flexibility to customize team members’ caps, splits and fees down to the individual team member level, allowing them to maintain their current structure.
About Real
Real (NASDAQ: REAX) is a real estate experience company working to make life’s most complex transaction simple. The fast-growing company combines essential real estate, mortgage and closing services with powerful technology to deliver a single seamless end-to-end consumer experience, guided by trusted agents. With a presence throughout the U.S. and Canada, Real supports more than 17,000 agents who use its digital brokerage platform and tight-knit professional community to power their own forward-thinking businesses.
Forward-Looking Information
This press release contains forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking information is often, but not always, identified by the use of words such as “seek”, “anticipate”, “believe”, “plan”, “estimate”, “expect”, “likely” and “intend” and statements that an event or result “may”, “will”, “should”, “could” or “might” occur or be achieved and other similar expressions. These statements reflect management’s current beliefs and are based on information currently available to management as of the date hereof. Forward-looking information in this press release includes, without limiting the foregoing, expectations regarding the success of Real’s programs that are available to agents and Real’s ability to continue to attract agents.
Forward-looking information is based on assumptions that may prove to be incorrect, including but not limited to Real’s business objectives, expected growth, results of operations, performance, business projects and opportunities and financial results. Real considers these assumptions to be reasonable in the circumstances. However, forward-looking information is subject to known and unknown risks, uncertainties and other factors that could cause actual results, performance or achievements to differ materially from those expressed or implied in the forward-looking information. Important factors that could cause such differences include, but are not limited to, slowdowns in real estate markets, economic and industry downturns, the success of Real’s programs and Real’s ability to attract new agents and retain current agents. These factors should be carefully considered and readers should not place undue reliance on the forward-looking statements. Although the forward-looking statements contained in this press release are based upon what management believes to be reasonable assumptions, Real cannot assure readers that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this press release, and Real assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law.
Contacts
Investor inquiries:
Ravi Jani
Vice President, Investor Relations and Financial Planning & Analysis
investors@therealbrokerage.com
908.280.2515
For media inquiries:
Elisabeth Warrick
Senior Director, Marketing, Communications & Brand
elisabeth@therealbrokerage.com
201.564.4221
Sentinel Storage announces event with the BC Lions celebrating the grand opening of a new Vancouver location
Attendees have the opportunity to have their photograph taken with the Grey Cup and to win tickets to the 111th Grey Cup in Vancouver TORONTO, May 01, 2024 (GLOBE NEWSWIRE) — Sentinel Storage is excited to announce the grand opening of its latest store located at 3333 Bridgeway Street, centrally positioned near the PNE grounds… [Read More]
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