This news release constitutes a “designated news release” for the purposes of CAPREIT’s prospectus supplement dated February 22, 2024, to its short form base shelf prospectus dated May 9, 2023. TORONTO, Aug. 07, 2024 (GLOBE NEWSWIRE) — Canadian Apartment Properties Real Estate Investment Trust (“CAPREIT”) (TSX:CAR.UN) is pleased to announce that Mr. David Wesik has… [Read More]
Flagship Communities Real Estate Investment Trust Announces Second Quarter 2024 Results
Not for distribution to U.S. newswire services or dissemination in the United States. TORONTO, Aug. 07, 2024 (GLOBE NEWSWIRE) — Flagship Communities Real Estate Investment Trust (“Flagship” or the “REIT”) (TSX: MHC.U; MHC.UN) today released its second quarter 2024 results. The financial results of the REIT are presented below in accordance with International Financial Reporting… [Read More]
CAPREIT Reports Second Quarter 2024 Results
TORONTO, Aug. 07, 2024 (GLOBE NEWSWIRE) — Canadian Apartment Properties Real Estate Investment Trust (“CAPREIT”) (TSX: CAR.UN) announced today strong operating and financial results for the three and six months ended June 30, 2024. Management will host a conference call to discuss the financial results on Thursday, August 8, 2024 at 9:00 a.m. ET. HIGHLIGHTS As… [Read More]
Real Welcomes Leading Teams Across North America in July
TORONTO & NEW YORK–(BUSINESS WIRE)–$REAX #therealbrokerage–The Real Brokerage Inc. (NASDAQ: REAX), a technology platform reshaping real estate for agents, home buyers and sellers, today announced it continued to add top teams throughout North America in July.
“This year is proving to be a significant one for Real. Just last month, we surpassed the 20,000-agent milestone, and we’re steadily adding top-producing teams and independent brokerages who are positioning themselves in an evolving real estate market,” said Sharran Srivatsaa, President of Real. “At Real, we blend a proprietary technology platform with a distinct agent value proposition and a culture of collaboration, designed for entrepreneurs who want to be part of something bigger.”
The following are some of the teams joining Real during the month of July:
- Legacy Group, led by Corilyn Tessier and Kara Chase. The eight-agent boutique firm was founded in 2019 and serves New Hampshire, Southern Maine and Northern Massachusetts. Since 2020, the team has closed home sales of more than $293 million, including nearly $83 million in 2023.
- L34 Group, led by Deirdre Salomone and Terry Saltzman. The seven-agent team brings more than 40 years of collective experience to the clients it serves in Northeast Los Angeles, Altadena and Pasadena. Founded in 2009, the team closed sales totaling $80 million in 2023.
- NUEVA Real Estate, led by Jose Perez. Founded in 2020, the 50-agent team serves the Downey/Whittier markets in Southeast Los Angeles County and has helped 600 families achieve their real estate goals. Since its inception, it has closed home sales totaling more than $330 million, including $80 million in 2023.
- RAZR Group, led by MJ Frazier. The team brings seven agents and serves the D.C. metro, including Maryland and Virginia. The team focuses on catering to the unique needs of luxury investors and developers and joins as part of Real’s luxury division. In addition, with several of its agents fluent in Vietnamese and Spanish, the team is positioned to serve the diverse cultures who are represented in the nation’s capital. RAZR Group has closed home sales valued at more than $250 million, including $80 million in 2023.
- Addison Real Estate, led by Kellene Addison. A family-owned, women-led independent brokerage, Addison brings a diverse team of 21 agents who provide the capability of serving clients in six languages throughout Morris, Sussex and Warren counties in New Jersey. The team has sold 795 homes valued at $282 million since its founding in 2020, and closed sales totaling $70 million in 2023.
- Own It Northwest, led by Ross Seligman. Founded in 2005, the team’s eight agents serve the Portland metro area, including Beaverton, Hillsboro, Lake Oswego and Happy Valley. The team closed sales totaling $50 million in 2023.
- Utah’s Finest, led by Paige Steckling. The three-agent team was founded in 2022 and serves the state of Utah. The team closed sales of $40 million in 2023.
- SL Home Group, led by Stephen Lonnen. The seven-agent team was founded in 2020 and serves the greater Charlotte, N.C., metropolitan area, including Upstate South Carolina. The team closed sales of $33 million in 2023.
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 20,000 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 Real’s agent count.
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, Real’s ability to attract new agents and retain current agents and those risk factors discussed under the heading “Risk Factors” in the Company’s Annual Information Form dated March 14, 2024, a copy of which is available under the Company’s SEDAR+ profile at www.sedarplus.ca. 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, please contact:
Ravi Jani
Vice President, Investor Relations and Financial Planning & Analysis
investors@therealbrokerage.com
908.280.2515
For media inquiries, please contact:
Elisabeth Warrick
Senior Director, Marketing, Communications & Brand
elisabeth@therealbrokerage.com
201.564.4221
Melcor Developments announces second quarter results, declares quarterly dividend of $0.11 per share
EDMONTON, Alberta, Aug. 06, 2024 (GLOBE NEWSWIRE) — Melcor Developments Ltd. (“Melcor”) (TSX: MRD), an Alberta-based real estate development and asset management company, today reported results for the second quarter ended June 30, 2024. The second quarter Management Discussion & Analysis (MD&A) and Condensed Interim Financial Statements are available on our website (www.melcor.ca) under Investors, or… [Read More]
Firm Capital Property Trust Reports Q2/2024 Results
STRONG SEQUENTIAL SAME-STORE NOI AND NAV GROWTH DECLINING AFFO PAYOUT RATIO TORONTO, Aug. 06, 2024 (GLOBE NEWSWIRE) — Firm Capital Property Trust (“FCPT” or the “Trust”), (TSX: FCD.UN) is pleased to report its financial results for the three and six months ended June 30, 2024. PROPERTY PORTFOLIO HIGHLIGHTS The portfolio consists of 64 commercial properties… [Read More]
European Residential REIT Reports Second Quarter 2024 Results
TORONTO, Aug. 06, 2024 (GLOBE NEWSWIRE) — European Residential Real Estate Investment Trust (“ERES” or the “REIT”) (TSX: ERE.UN) announced today its results for the three and six months ended June 30, 2024. ERES’s unaudited condensed consolidated interim financial statements and management’s discussion and analysis (“MD&A”) for the three and six months ended June 30,… [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, Aug. 06, 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]
Travelers Canada Introduces OPTIMA® Home
New property insurance product available for homeowners, tenants, condominium and landlord policies in Ontario and Western Canada
TORONTO–(BUSINESS WIRE)–Travelers Canada, a division of The Travelers Companies, Inc. (NYSE: TRV), today announced the launch of OPTIMA® Home, a new property insurance product that provides customizable coverage options for homeowners, tenants, condominium and landlord policies. The product is offered through a highly intuitive platform, which allows brokers to seamlessly quote, issue and adjust coverage.
“We created OPTIMA Home with the needs of our customers and brokers in mind,” said Bob Aaron, Vice President of Personal Insurance at Travelers Canada. “The new product gives customers greater coverage flexibility and easy-to-understand policies to provide a better all-around experience, while offering an underlying platform to simplify the process for our broker partners.”
OPTIMA Home’s features include:
- Scalability – The ability to scale standard coverage limits up or down to meet individual needs.
- Specialty and Supplemental Coverages – Access to additional packages or add-on coverage for potential risks such as debris removal, earthquake and floodwater.
- New Discounts – Cost reductions that can be added for customers who pay their premiums on time, get an early quote or use green home and water protective devices.
- Simplified Documents – Straightforward documents and eligibility guidelines to help customers better understand their coverages.
All Travelers policies provide best-in-class customer service and support from the company’s in-house Claim team. OPTIMA Home is currently available in Ontario and Western Canada, and will soon be available in Atlantic Canada.
For more information about OPTIMA Home, please visit TravelersCanada.ca.
About Travelers Canada
The Travelers Companies, Inc. (NYSE: TRV) is a leading provider of property casualty insurance for auto, home and business. A component of the Dow Jones Industrial Average, Travelers has more than 30,000 employees and generated revenues of approximately $41 billion in 2023. Travelers Insurance Company of Canada, The Dominion of Canada General Insurance Company, and St. Paul Fire and Marine Insurance Company (Canada branch) are the Canadian licensed insurers known as Travelers Canada. For more information, visit TravelersCanada.ca.
Contacts
Media:
Sara Ametrano, 416-457-7973
sametran@travelers.com
Stephen Bernard, 860-954-5086
sbernar5@travelers.com
Trilliant Forms Partnership with Kamstrup to Become an Elite Distributor of Heat/Cool Metering Solutions in Canada
Partnership enables Trilliant to support partner and customer metering requirements quickly and cost effectively
TORONTO–(BUSINESS WIRE)–#AMI—Trilliant, a leading international provider of advanced metering infrastructure (AMI), smart grid, smart cities and IIoT solutions, announced it has reached an agreement with Kamstrup, a world-leading manufacturer of system solutions for smart energy and water metering, to become an Elite Distributor of the company’s heat/cool metering line for Canada.
This new distributor role positions Trilliant to support partner and customer metering requirements across the country even more efficiently and cost-effectively, with priority access to shipments and more. Kamstrup’s MULTICAL® heat/cool meters — approved by Measurement Canada — are interoperable with Trilliant’s AMI and Smart Buildings solutions, and the companies’ combined leading technologies and expertise will enable Trilliant to provide a future-proof, robust multi-commodity sub-metering platform.
“Kamstrup is pleased to form this partnership with Trilliant to extend our reach in Canada,” said Arpit Sharma, Head of Sales Operations, Heat/Cooling at Kamstrup. “Trilliant demonstrates a true dedication to providing powerful, flexible technology solutions to improve processes and increased savings for utilities and energy organizations. We look forward to working more closely with them to enable greater efficiencies for Canadians.”
“This new agreement with Kamstrup is a significant milestone that will enable us to quickly address the heat/cool metering requirements of our customers and partners in Canada,” said Steven Lupo, Managing Director, Canada and U.S. at Trilliant. “Kamstrup and Trilliant share many of the same tenets, with a strong focus on modular communications. We’ve valued our partnership with Kamstrup over the years, and this next step enables us to better serve and support the market, especially as we continue to focus on our innovative Smart Building solutions.”
Heat/cool meters play an essential role in centralized heating, ventilation, and air conditioning systems most commonly deployed in multi-tenant buildings. As a key component of Trilliant’s sub-metering solution, they help enable benefits including:
- Providing a reliable solution to accurately calculate energy consumption by each tenant’s unit, as well as in common areas of multi-tenant buildings such as party rooms and gyms
- Encouraging tenants to use energy more efficiently and intelligently throughout the year
- Helping building managers monitor system performance, in turn identifying any operational issues in the HVAC system — potentially saving significant amounts in repair costs
The Power of Choice
Trilliant’s end-to-end portfolio of solutions offer partners, utility companies and Smart Cities the Power of Choice. Its flexible, multi-tiered platform is device-agnostic and drives optimal endpoints and outcomes, enabling utilities to optimize assets and offer value-added services to customers.
Trilliant’s comprehensive sub-metering solution enables the ability to quickly and seamlessly add applications to a single network — from electricity to water and heat/cool. Trilliant offers a clear path for any building, regardless of age, to enjoy the benefits of technological advancement and participate in sustainability initiatives, improve efficiency, and encourage responsible resource consumption.
Learn more about Trilliant’s Smart Building solutions:
- Visit Trilliant’s Sub-Metering for Smart Buildings solution page
- Read this blog about how Trilliant empowers submetering in Canada
- Review this Golden Horseshoe partner snapshot highlighting GHMS and Trilliant’s implementation of a residential metering system and IIoT platform to improve energy management
- Learn how Trilliant worked with Provident on a successful implementation of a wireless basement water metering solution for a number of townhomes in the Greater Toronto Area
The partnership between Trilliant and Kamstrup is effective immediately.
About Kamstrup
Kamstrup is a leading supplier of intelligent metering solutions and services. With a strong focus on innovation, quality, and sustainability, Kamstrup’s products and solutions enable utilities and end-users to optimize resource usage, reduce costs, and improve overall efficiency. For more than 75 years Kamstrup has been dedicated to delivering actionable insights to water and energy professionals, because we believe better data enables better decisions. Our solutions including meters, remote reading systems, software and services are sold in more than 90 countries. With global headquarters in Denmark, Kamstrup serves customers worldwide and is committed to shaping a more sustainable future. https://www.kamstrup.com/
About Trilliant
Trilliant® empowers the global energy industry with the only device-agnostic communications platform that enables utilities and cities to deploy any application securely and reliably on one powerful network. Our purpose-built portfolio is designed to offer the power of choice, without risk of customers being “locked in” with one technology provider or meter manufacturer. We are proud to offer mission-critical solutions that support AMI, Data & Analytics, Smart Metering, Smart Grids and Smart Cities. Customers worldwide benefit from Trilliant’s unique combination of flexibility, sustainability and scalability that connects utilities and cities to the IIoT and a more strategic path to the Energy Transition. Visit us at www.trilliant.com.
Contacts
Media:
Tracey Mitchell
tracey.mitchell@trilliant.com
Cindy Watson/Anita Wong
StrategicAmpersand Inc.
TrilliantPR@stratamp.com
SmartStop Self Storage REIT, Inc. Celebrates 200th Property Milestone
LADERA RANCH, Calif.–(BUSINESS WIRE)–SmartStop Self Storage REIT, Inc. (“SmartStop” or the “Company”), a self-managed and fully integrated self-storage company, is thrilled to announce the acquisition of its 200th owned or managed property, a significant milestone capping a period of remarkable growth since 2015.
Through strategic expansion, SmartStop has solidified its position as the 10th largest self-storage company in the United States and the largest owner and operator in the Greater Toronto Area of Canada. This remarkable achievement is a testament to the company’s unwavering commitment to providing exceptional self-storage solutions and delivering superior customer service.
Recognized for its excellence, SmartStop has garnered numerous accolades, including distinctions from Newsweek/Statista and Reputation 800 for outstanding customer service. The SEIA (Solar Energy Industries Association) and American Business Awards have recognized the company’s dedication to sustainability for its solar power initiatives. Additionally, The Orange County Register has repeatedly honored SmartStop’s corporate headquarters as a Top Workplace.
“As we celebrate this monumental milestone, we also look to the future with excitement. SmartStop’s continued success, reflected in the acquisition of our 200th owned or managed property, is a testament to the dedication of our team, the contributions of our partners, and the support of our customers and communities,” shared H. Michael Schwartz, Chairman and CEO. “We are humbled by this success and are eager to bring our passion for innovative storage solutions to even more locations in the U.S. and Canada.”
With a growing portfolio spanning 22 states and four Canadian provinces, SmartStop remains steadfast in its mission to provide accessible, secure, and customer-centric self-storage solutions.
About SmartStop Self Storage REIT, Inc. (SmartStop):
SmartStop Self Storage REIT, Inc. (“SmartStop”) is a self-managed REIT with a fully integrated operations team of approximately 500 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 July 31, 2024, SmartStop has an owned or managed portfolio of 200 operating properties in 22 states and Canada, comprising approximately 141,000 units and 16.0 million rentable square feet. SmartStop and its affiliates own or manage 35 operating self-storage properties in Canada, which total approximately 30,700 units and 3.2 million rentable square feet. Additional information regarding SmartStop is available at www.smartstopselfstorage.com.
Contacts
David Corak
VP of Corporate Finance
SmartStop Self Storage REIT, Inc.
IR@smartstop.com
CAPREIT Accelerates Capital Recycling With $477 Million in New Strategic Transactions
TORONTO, Aug. 01, 2024 (GLOBE NEWSWIRE) — Canadian Apartment Properties Real Estate Investment Trust (“CAPREIT”) (TSX:CAR.UN) announced today that, since the first quarter of 2024, it has completed six acquisitions of new build rental apartment properties in Canada for an aggregate $387.4 million. CAPREIT also announced that it has closed on, or has entered into… [Read More]
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