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Ameresco Renews Agreement with the Government of Nunavut to Enhance Resource Visibility and Efficiency Across the Territory

July 9, 2025 By Business Wire

Continued collaboration to deliver excellence in asset management in support of cost and resource savings efforts across the northernmost reaching Canadian territory

FRAMINGHAM, Mass. & NUNAVUT, Canada–(BUSINESS WIRE)–Ameresco, Inc. (NYSE: AMRC), a leading energy solutions provider dedicated to helping customers navigate the energy transition, today announced a contract renewal with the Government of Nunavut for an enterprise asset management software subscription paired with professional services.




The Government of Nunavut has partnered with Ameresco since 2014, leveraging the AssetPlanner® platform to efficiently manage thousands of assets situated across nearly 2 million square kilometers of Arctic territory. Their geographically dispersed portfolio includes over 1,200 buildings and over 2,500 vehicle and equipment assets. Each asset is managed within AssetPlanner allowing staff to effectively and efficiently manage the expansive portfolio.

Ameresco delivers industry-leading enterprise asset, energy, and facility management solutions as part of its comprehensive portfolio. The company’s proprietary AssetPlanner® platform, combined with strategic advisory services, enables customers to streamline planning and budgeting, prioritize investment and optimize maintenance and energy costs. As a trusted full-service partner, Ameresco empowers organizations with actionable insights and data-driven decision making to optimize and prioritize portfolio investments.

“Our previously disparate data is captured within a single system, enabling data-informed reporting, analysis, and prioritization,” said Paul Diamond, Director, Facility Management at Government of Nunavut. “This renewal and continued investment in the AssetPlanner system and Ameresco’s advisory services will continue to provide us with critical tools to support the capital planning, tactical maintenance management, and proactive energy management of our vast portfolio.”

The renewed software-as-a-service (SaaS) contract includes a subscription to the AssetPlanner® software for the territory’s portfolio and professional advisory services including robust virtual and on-site training and support package. Tracking over 3 billion square feet of real estate data, AssetPlanner® is Ameresco’s signature enterprise asset management platform. Empowering customers with data-driven insights has enabled organizations to optimize operational asset performance, achieve deep energy savings and carbon reduction while reducing the ‘total cost of ownership’.

“We’ve been honored to partner with the Government of Nunavut to help them address their asset management needs to drive operational resilience,” Tim Dettlaff, Senior Vice President, and General Manager, Ameresco. “This renewed engagement will continue to provide their staff with industry-leading tools to manage their vast asset inventory and enable informed decision making to help measure risk, reliability, and resiliency across their expansive portfolio.”

To learn more about complete suite of asset and energy information tools offered by Ameresco’s, visit https://www.ameresco.com/asset-planning-software-solutions/.

About Ameresco, Inc.

Founded in 2000, Ameresco, Inc. (NYSE:AMRC) is a leading energy solutions provider dedicated to helping customers reduce costs, enhance resilience, and decarbonize to net zero in the global energy transition. Our comprehensive portfolio includes implementing smart energy efficiency solutions, upgrading aging infrastructure, and developing, constructing, and operating distributed energy resources. As a trusted full-service partner, Ameresco shows the way by reducing energy use and delivering diversified generation solutions to Federal, state and local governments, utilities, educational and healthcare institutions, housing authorities, and commercial and industrial customers. Headquartered in Framingham, MA, Ameresco has more than 1,500 employees providing local expertise in North America and Europe. For more information, visit www.ameresco.com.

The announcement of a customer’s contract is not necessarily indicative of the timing or amount of revenue from such contract, of Ameresco’s overall revenue for any particular period or of trends in Ameresco’s overall total backlog.

Contacts

Media Contact:
Ameresco: Leila Dillon, 508-661-2264, news@ameresco.com

DXP Enterprises, Inc. Announces Acquisition of Moores Pump & Services, Inc.

July 8, 2025 By Business Wire

  • Complements DXP’s rotating equipment division
  • Adds scale, and enhanced capabilities
  • Full-service rotating equipment service & repair capabilities

HOUSTON–(BUSINESS WIRE)–#DXPE—DXP Enterprises, Inc. (NASDAQ: DXPE) today announced that it has completed the acquisition of Moores Pump & Services, Inc. (“Moores”). Founded in 1972, Moores is headquartered and operates in Broussard, Louisiana, servicing the Gulf Coast region of the U.S. Moores is a leading provider of products and services including fabrication and repairs of rotating equipment and pumping systems. DXP funded the acquisition with cash from the balance sheet.


“We are pleased to announce the acquisition of Moores and welcome the employees of Moores to the DXP team. With Moores, we continue to build on our strategy of providing a breadth of technical products and services on the regional and local level. With the closing of Moores, we have completed three acquisitions in fiscal 2025. Each company provides DXP with exceptional management teams that enhance our ability to collaborate and serve our customers, vendors, and other stakeholders. These acquisitions are consistent with our growth strategy and demonstrate our commitment to expanding DXP as well as maintaining our leading position as the largest distributor of rotating equipment in North America,” commented David Little, Chairman, and Chief Executive Officer of DXP.

The signing of the definitive agreement occurred on July 1, 2025. Moores sales and adjusted EBITDA for the last twelve months ending May 30, 2025, were approximately $10.3 million and $1.8 million, respectively. Adjusted EBITDA was calculated as income before tax, plus interest, plus depreciation and amortization, plus non-recurring items.

Kent Yee, Chief Financial Officer, stated, “Moores complements DXP’s end markets and enhances a geographic region we have historically served, adding scale and capabilities for us in the Gulf Coast region. We have completed three acquisitions year-to-date which produced over $37.9 million in revenue in 2024. We look forward to executing further our acquisition strategy during the second half of 2025. We anticipate this acquisition to be accretive to earnings and further expand our Rotating Equipment division. This transaction will be positive for Moores and DXP’s customers, employees, and shareholders.”

About DXP Enterprises, Inc.

DXP Enterprises, Inc. is a leading products and service distributor that adds value and total cost savings solutions to industrial customers throughout the United States, Canada, Mexico, and Dubai. DXP provides innovative pumping solutions, supply chain services and maintenance, repair, operating and production (“MROP”) services that emphasize and utilize DXP’s vast product knowledge and technical expertise in rotating equipment, bearings, power transmission, metal working, industrial supplies and safety products and services. DXP’s breadth of MROP products and service solutions allows DXP to be flexible and customer-driven, creating competitive advantages for our customers. DXP’s business segments include Service Centers, Innovative Pumping Solutions and Supply Chain Services. For more information, go to www.dxpe.com.

The Private Securities Litigation Reform Act of 1995 provides a “safe harbor” for forward-looking statements. Certain information included in this press release (as well as information included in oral statements or other written statements made by or to be made by the Company) contains statements that are forward-looking. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future; and accordingly, such results may differ from those expressed in any forward-looking statement made by or on behalf of the Company. These risks and uncertainties include but are not limited to; ability to obtain needed capital, dependence on existing management, leverage, and debt service, domestic or global economic conditions, and changes in customer preferences and attitudes. In some cases, you can identify forward-looking statements by terminology such as, but not limited to, “may,” “will,” “should,” “intend,” “expect,” “plan,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “goal,” or “continue” or the negative of such terms or other comparable terminology. For more information, review the Company’s filings with the Securities and Exchange Commission.

Contacts

Kent Yee

Senior Vice President CFO

713-996-4700 – www.dxpe.com

26% Fewer Canadians Are Searching For Homes in the U.S. Than Last Year

July 8, 2025 By Business Wire

The number of Redfin.com users based in Canada searching for U.S. homes to rent or buy fell 26.4% from a year earlier in May. That’s a sign that fewer Canadians are moving south of the border or seeking vacation homes in once-popular destinations like Miami and Phoenix.

SEATTLE–(BUSINESS WIRE)–(NASDAQ: RDFN) — Fewer Canadians are searching for homes in the United States than they were at the start of 2025, before the U.S. instituted steep tariffs on Canada and relations between the two countries started suffering. This is according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage.

The number of Canadian Redfin.com users searching for homes in the U.S. on Redfin.com dropped 26.4% year over year in May. For comparison, the total number of prospective buyers and renters searching on Redfin.com declined, too, but by a fraction of the amount.

Canadians searching for homes in U.S. destinations started declining significantly in February, when the White House implemented 25% tariffs on imports from Canada and Mexico. The drop was especially steep in April, the month the Trump administration announced its vast global tariff policy, falling 34.2% year over year.

This is according to an analysis of the number of Redfin.com users based in Canada searching for homes for sale and for rent in the United States. The data is based on unique users, i.e. the number of different people who access U.S. home listings on Redfin.com or the Redfin app within a defined period; that user is counted only once for the period.

The decline in Canada-based searches for U.S. homes coincides with some Canadians growing disillusioned with the United States. Shortly after President Trump took office in January, he instituted high tariffs on goods from Canada, and made comments about making Canada the “51st state.” In addition to trade concerns, the Canadian dollar has been relatively weak this spring, making it harder for Canadians to afford already-expensive U.S. real estate.

“Normally I work with about five Canadian buyers each spring, mostly older folks looking for a second home. This year, there were none,” said Heather Mahmood-Corley, a Redfin Premier agent in Phoenix. “I actually helped a Canadian sell their Phoenix home earlier this year. People from Canada are retreating from owning real estate in the U.S. because of political tensions; some of them are worried it will no longer be practical to travel back and forth between the two countries, and some don’t want their money tied up in the U.S. But also, we’re not seeing as many snowbird buyers in general; I’ve noticed older people are more concerned about their stock portfolios and 401Ks as the economy fluctuates.”

Historically, Canadians have made up the largest portion of international homebuyers in the U.S. In 2024, for instance, Canadians made up 13% of foreign buyers, snapping up $5.9 billion worth of U.S. real estate, according to reports.

Fewer Canadians Are Searching For Homes in Nearly Every Major U.S. Metro Area

On a metro level, fewer Canadians are searching for homes in all but two of the 50 largest U.S. metros. The biggest declines in Canadians looking for U.S. homes are in big cities: Canadians searching in Houston dropped 55.2% year over year in May, and dropped 53% in Philadelphia and 47% in Chicago.

Significantly fewer Canadians are searching in warm places that typically attract a lot of Canada-based second-home buyers. The number of Canadians searching for homes in both Miami and Orlando declined by about 30% year over year in May. Canada-to-Phoenix and Canada-to-Riverside (Palm Springs), CA both declined by about 23%.

“I haven’t worked with a Canadian buyer in at least a year,” said Marsha McMahon-Jones, a Redfin Premier agent in Palm Springs. “I’m in touch with a few potential buyers, but they’re staying put in Canada for now with the idea of potentially making a move if and when Canada-U.S. relations improve. I haven’t heard of any Canadians who already live here part of the year listing their Palm Springs home, though.”

Those second-home destinations followed a similar pattern as Canada-to-U.S. Redfin.com users overall, with sharp dips in April and slightly smaller but still significant dips in May.

It’s worth noting that the housing market in Florida, a popular destination for Canadian buyers, has cooled for American and foreign buyers alike. Fewer people are interested in buying homes in Florida—particularly coastal parts of the state—as insurance costs soar and climate disasters intensify. Housing markets in Phoenix and Riverside have also cooled, though to a lesser extent.

To view the full report, including chart and a metro-level summary, please visit: https://www.redfin.com/news/canada-to-united-states-house-hunters

About Redfin

Redfin (www.redfin.com) is a technology-powered real estate company. We help people find a place to live with brokerage, rentals, lending, and title insurance services. We run the country’s #1 real estate brokerage site. Our customers can save thousands in fees while working with a top agent. Our home-buying customers see homes first with on-demand tours, and our lending and title services help them close quickly. Our rentals business empowers millions nationwide to find apartments and houses for rent. Since launching in 2006, we’ve saved customers more than $1.8 billion in commissions. We serve approximately 100 markets across the U.S. and Canada and employ over 4,000 people.

Redfin’s subsidiaries and affiliated brands include: Bay Equity Home Loans®, Rent.™, Apartment Guide®, Title Forward® and Walk Score®.

For more information or to contact a local Redfin real estate agent, visit www.redfin.com. To learn about housing market trends and download data, visit the Redfin Data Center. To be added to Redfin’s press release distribution list, email press@redfin.com. To view Redfin’s press center, click here.

Contacts

Contact Redfin

Redfin Journalist Services:

Isabelle Novak

press@redfin.com

Flagship Communities Real Estate Investment Trust to Host Conference Call for Second Quarter 2025 Results

July 7, 2025 By Globenewswire Tagged With: TSX:MHC.U, TSX:MHC.UN

Not for distribution to U.S. newswire services or dissemination in the United States. TORONTO, July 07, 2025 (GLOBE NEWSWIRE) — Flagship Communities Real Estate Investment Trust (TSX: MHC.U) (TSX:MHC.UN) (“Flagship” or the “REIT”) today announced that senior management will host a conference call on Thursday, August 7, 2025 at 8:30 a.m. ET to discuss the REIT’s… [Read More]

RioCan Real Estate Investment Trust Schedules Second Quarter 2025 Earnings Release, Conference Call and Webcast

July 7, 2025 By Business Wire

TORONTO–(BUSINESS WIRE)–RioCan Real Estate Investment Trust (“RioCan”) (TSX: REI.UN) today announced that it is scheduled to release its financial and operational results for the three and six months ended June 30, 2025, after the market closes on Thursday, August 7, 2025.


Interested parties are invited to participate in a conference call with management on Friday, August 8, 2025 at 10:00 a.m. Eastern time. To access the conference call, click on the following link to register at least ten minutes prior to the scheduled start of the call: Pre-registration link. Participants who pre-register prior to the call will receive an email with dial-in credentials including login passcode and PIN to gain immediate access to the live call. Those that are unable to pre-register may dial-in for operator assistance by calling 1-833-950-0062 and entering the access code: 830267.

A live webcast will also be available in listen-only mode. To access the simultaneous webcast, go to the following link on RioCan’s website: Events and Presentations and click on the link for the webcast.

If you cannot participate in the live mode, a replay will be available for one week following the date of the live conference call. To access the replay, please dial 1-866-813-9403 followed by the access code: 781825.

About RioCan

RioCan is one of Canada’s largest real estate investment trusts. RioCan owns, manages and develops retail-focused, mixed-use properties located in prime, high-density transit-oriented areas where Canadians want to shop, live and work. As at March 31, 2025, our portfolio is comprised of 177 properties with an aggregate net leasable area of approximately 32 million square feet (at RioCan’s interest). To learn more about us, please visit www.riocan.com.

Contacts

RioCan Real Estate Investment Trust

Investor Relations Inquiries

Email: ir@riocan.com

The Real Brokerage Acquires Flyhomes’ Consumer Home Search Technology to Advance AI-Driven Home Buying Experience; Makes Strategic Investment

July 4, 2025 By Business Wire

Real takes a major step toward its mission of simplifying life’s most complex transaction for agents and their clients

MIAMI–(BUSINESS WIRE)–$REAX #PropTech–The Real Brokerage Inc. (NASDAQ: REAX), a technology platform reshaping real estate for agents, home buyers and sellers, today announced its acquisition of the AI-powered consumer home search portal and related technology assets of Flyhomes. Concurrently, Real has made an equity investment in Flyhomes to support Flyhomes’ evolution into a wholesale mortgage lender focused on modern home financing solutions.


The acquisition marks a significant step forward in Real’s mission to simplify the home buying process and enhance the agent and client experience through seamless, AI-driven technology. In the coming months, Flyhomes’ consumer portal, built with deep MLS integrations, real-time market insights and an intuitive user-friendly interface, will be integrated into Real’s forthcoming consumer-facing product, Leo for Clients, an AI-powered platform designed to simplify the buying and selling journey for clients. This consumer experience will serve as a natural extension of Real’s AI-powered assistant for real estate agents, Leo, which was designed to deliver context-aware, real-time support for agents and now answers thousands of questions daily.

Through its subsidiary One Real Mortgage, Real will also offer Flyhomes’ flagship “Buy Before You Sell” financing solutions to agents and their clients. This integration represents another move forward in Real’s strategy to streamline the transaction process, empowering agents to offer more flexible, client-first mortgage products that align with modern homeownership goals.

“By bringing Flyhomes’ consumer technology under the Real umbrella, we’re combining the best in real estate innovation to deliver a seamless, AI-powered experience—designed around people—for both agents and consumers,” said Tamir Poleg, Chairman and CEO of Real. “We’re also excited to offer Flyhomes’ ‘Buy Before You Sell’ products through One Real Mortgage, giving our agents and their clients more flexibility and control on their path to homeownership. It’s another step forward in simplifying the real estate transaction.”

Real’s proprietary agent-facing software platform, reZEN, was built entirely in-house and now powers more than 120,000 transactions annually. With the integration of Flyhomes’ consumer platform and engineering team, Real gains market-tested technology and skilled R&D talent with deep real estate domain expertise to elevate the client experience.

“This acquisition allows us to connect the dots between agent tools, client experience and transaction flow, all in one intelligent ecosystem,” said Pritesh Damani, Chief Technology Officer at Real. “With Leo and reZEN already transforming how agents operate, we now have the foundation in place to bring that same level of intelligence to buyers and sellers through a consumer interface that’s intuitive, personalized and deeply integrated.”

“We built the world’s first purpose-built AI home search portal to challenge the status quo and deliver a fundamentally smarter home search and research experience,” said Tushar Garg, Co-Founder and CEO of Flyhomes. “Its performance and the ingenuity of the engineering team behind it have exceeded all expectations, proving the platform’s potential to transform the consumer experience. As we focus on scaling our ‘Buy Before You Sell’ financial products nationwide through the wholesale mortgage channel, we made the strategic decision to transition the portal and the team to the best environment for continued growth. Real is uniquely positioned to take it forward, with the vision, agent network and technology infrastructure to fully unlock its potential.”

Both the acquisition and investment were funded with existing cash on hand and are not expected to have a material impact on Real’s financial results.

About Real

Real (NASDAQ: REAX) is a real estate experience company working to simplify life’s most complex transaction. 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 in all 50 states throughout the U.S. and Canada, Real supports over 27,000 agents who use its digital brokerage platform and tight-knit professional community to power their own forward-thinking businesses. Additional information can be found on its website at www.onereal.com.

Forward-Looking Statements

Some of the statements in this press release are “forward-looking statements,” as that term is defined in the Private Securities Litigation Reform Act of 1995, including statements regarding the impact of the acquisition and investment, the integration of Flyhomes’ technology into Real’s platform, and Real’s consumer-facing product, Leo for Clients. Forward-looking statements are subject to risks, uncertainties and assumptions, including the risk that Real’s consumer-facing product may not be launched as expected or may not include its anticipated features, and the risk that the integration of these technologies may face unforeseen challenges. Actual results may differ materially from those expressed or implied in these statements due to various factors, including, but not limited to, market conditions, regulatory changes, operational challenges, and other risks as detailed under the heading “Risk Factors” in the Company’s Annual Information Form dated March 6, 2025, and “Risks and Uncertainties” in the Company’s Quarterly Management’s Discussion and Analysis for the period ended March 31, 2025, copies of which are available under the Company’s SEDAR+ profile at www.sedarplus.ca. The Company undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date of this press release, except as required by applicable law. It is not possible for management to predict all the possible risks that could affect Real or to assess the impact of all possible risks on Real’s business.

Contacts

Investor inquiries, please contact:

Ravi Jani

Chief Financial Officer

investors@therealbrokerage.com
908.280.2515

For media inquiries, please contact:

Elisabeth Warrick

Senior Director, Marketing, Communications & Brand

press@therealbrokerage.com
201.564.4221

Top-Producing Brokerage The Legacy Collective Joins Real

July 3, 2025 By Business Wire

Houston-based team, led by industry veteran Patrick Winsey, brings 30 agents and more than 500 home sales annually to Real

MIAMI–(BUSINESS WIRE)–$REAX #therealbrokerage–The Real Brokerage Inc. (NASDAQ: REAX), a leading real estate technology platform redefining the industry through innovation and culture, today announced that The Legacy Collective, one of Houston’s top-performing real estate teams, has joined the company. Led by industry veteran Patrick Winsey, the 30-agent team averages more than 500 home sales each year, with an annual transaction volume exceeding $100 million.


Founded nearly a decade ago by Winsey and his wife Jemila Winsey, The Legacy Collective – formerly Legacy Living Real Estate – has built its reputation on a culture of mentorship, flexibility and community. This agent-first approach has fueled the team’s success, earning it a place on the Inc. 5000 list and recognition from Real Trends as one of the top 1.5% of real estate teams nationally. In 2024, the team was recognized by the National Association of Real Estate Brokers as the No. 1 Black-Owned Brokerage in Texas and No. 2 in the U.S.

In joining Real, Winsey believes The Legacy Collective is now positioned for unprecedented growth.

“Joining Real is the best move for The Legacy Collective. It allows us to take everything we already do well in terms of mentorship, coaching and agent development, while providing our agents with an unmatched technology platform, healthcare offerings and stock incentives – everything they not only want but need to thrive,” he said. “This move puts our brokerage on steroids.”

In welcoming The Legacy Collective to Real, Tamir Poleg, Chairman and CEO of Real, said: “Patrick’s leadership and Legacy’s results speak for themselves. He’s built a culture of empowerment that aligns perfectly with Real’s vision. We’re proud to welcome Patrick and his entire team to Real. Together, we’ll deliver even more value to agents and clients in the Houston metro area and beyond.”

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 in all 50 states throughout the U.S. and Canada, Real supports over 27,000 agents who use its digital brokerage platform and tight-knit professional community to power their own forward-thinking businesses. Additional information can be found on its website at www.onereal.com.

Forward-Looking Statements

Some of the statements in this press release are “forward-looking statements,” as that term is defined in the Private Securities Litigation Reform Act of 1995, including statements regarding agent growth. These forward-looking statements are subject to risks, uncertainties and assumptions, including the risk of slowdowns in real estate markets, economic and industry downturns and Real’s ability to attract new agents and retain current agents. Accordingly, these forward-looking statements should be evaluated with consideration given to the many risks and uncertainties that could cause actual results and events to differ materially from those in the forward-looking statements. They include the risks discussed under the heading “Risk Factors” in the Company’s Annual Information Form dated March 6, 2025, and “Risks and Uncertainties” in the Company’s Quarterly Management’s Discussion and Analysis for the period ended March 31, 2025, copies of which are available under the Company’s SEDAR+ profile at www.sedarplus.ca. It is not possible for management to predict all the possible risks that could affect Real or to assess the impact of all possible risks on Real’s business.

Contacts

Investor inquiries, please contact:

Ravi Jani

Chief Financial Officer

investors@therealbrokerage.com
908.280.2515

For media inquiries, please contact:

Elisabeth Warrick

Senior Director, Marketing, Communications & Brand

press@therealbrokerage.com
201.564.4221

Study Finds Foreclosure and Recession Fears Point to Housing Slowdown

July 2, 2025 By Business Wire

  • Five-year high: Calls from homeowners to lawyers about foreclosure surge
  • More than 70 percent of homeowners and buyers worry a recession and tariffs will derail homeownership plans
  • 44 percent of homeowners regret not using a lawyer during the homebuying process to protect their asset

ADA, Okla.–(BUSINESS WIRE)–Legal requests related to foreclosures have reached their highest level in five years, coinciding with a new LegalShield survey showing that more than 70 percent of homeowners and prospective buyers worry that a potential recession and tariffs could disrupt their housing plans.




LegalShield also saw a marked drop in inquiries related to home purchases and housing construction, suggesting a potential slowdown in the overall housing market.

“The hard data from consumers calling lawyers matches their fears about the economy: their homes are at risk and things may get worse,” said Warren Schlichting, LegalShield CEO. “The other concerning finding is a drop in consumers asking for help to buy a home and a decline in questions from builders.”

Foreclosure Surge Reflects Mounting Economic Strain

Calls to LegalShield provider lawyers about foreclosures spiked in May to the highest level since April 2020.

“Our data highlights a convergence of pressures: buyers from the homebuying surge a few years ago want help with rising insurance premiums, property tax reassessments, and adjustable-rate mortgage resets,” said Matt Layton, senior vice president of consumer analytics. “People are reaching out to LegalShield provider lawyers to save their homes, and they’re scared of the next shoe to drop in the economy.”

Signs of the Times: Home Sales and Construction Inquiries Sink

In a potential sign of a coming slowdown in housing transactions and construction, LegalShield saw significant declines in inquiries about buying and selling existing homes and home building.

LegalShield fields approximately 150,000 calls monthly from consumers nationwide covering more than 90 areas of law, including real estate-related issues.

In May, legal activity related to housing sales fell to its lowest level since July 2023, the last time the Federal Reserve raised interest rates. Both buyers and sellers face mounting friction amid affordability challenges due to mortgage rate uncertainty, elevated home prices and inventory challenges.

LegalShield’s Housing Construction Index, which tracks closely with Housing Starts reported by the U.S. Census Bureau, is now at its lowest level since March 2020 and down 4.1% this year suggesting a potential slowdown in new home building.

Legal Problems Driving Buyers Away

The nationwide survey, conducted in May, found that over a third of current homeowners (38%) experience costly legal issues related to their property, and 30% of all respondents have walked away from buying a home due to preventable legal problems. Homeowners say they regret not consulting an attorney in their homebuying process (44%).

“Perhaps now more than ever, consumers need to consider how to protect themselves and their asset if they are able to buy a home in the midst of these economic headwinds,” said Schlichting. “Instead of calling a lawyer after something goes wrong, smart homeowners are starting to get legal advice upfront—before they buy, before they renovate, before problems become expensive disasters.”

The LegalShield survey was conducted in May 2025 and surveyed 802 adults, ages 25-80, who live in the United States. The sample was balanced by age, among other demographic variables, according to the U.S. Census.

About LegalShield:

For more than 50 years, LegalShield has provided everyday Americans with easy and affordable access to legal advice, counsel, protection, and representation. Serving millions, LegalShield is one of the world’s largest platforms for legal, identity, and reputation management services protecting individuals and businesses across North America. Founded in 1972, LegalShield, and its privacy management product, IDShield, has provided individuals, families, businesses, and employers with tools and services needed to affordably live a just and secure life. Through technology and innovation, LegalShield is disrupting the traditional legal system and transforming how and where people receive legal guidance and services, with access to hundreds of qualified, trusted attorneys and law firms. LegalShield and IDShield are products of Pre-Paid Legal Services, Inc. To learn more about LegalShield and IDShield, visit LegalShield.com and IDShield.com.

Contacts

LegalShield Media Contact:
Hollon Kohtz, Director of Communications

hollonkohtz@pplsi.com

Keewaywin Capital Marks Initial Close of First Indigenous Housing-Focused Private Credit Fund

July 1, 2025 By Business Wire

Initial raise of $10 million to be used to accelerate on- and off-reserve housing projects

TORONTO–(BUSINESS WIRE)–Keewaywin Capital Inc., an Indigenous-led private credit investment firm focused on housing development for Indigenous communities across Canada, has announced the initial close of its inaugural Fund I, securing more than $10 million in commitments.


With commitments from limited private-capital partners including Realize Capital, Rally Assets, Addenda Capital, and the Tachane Foundation, the fund will help launch on-reserve housing and related infrastructure projects in both on- and off-reserve communities.

The initial close of Fund I marks the first public-private partnership focused on funding Indigenous housing construction under Canada’s newly formed government, which has made addressing the country’s broader housing crisis a top priority.

Keewaywin Fund I will invest in scalable, community-led housing projects driven by and for Indigenous communities on and off reserve. Initial capital deployments are planned for this summer, with early projects set to include:

  • A modular housing development of up to 30 homes in Northern Manitoba;
  • A CMHC Section 95 project in Central Manitoba.

“Fund I offers private investors a meaningful way to connect with and invest in Indigenous communities, something that hasn’t existed in this form in this country before,” says Tracee Smith, founder and CEO of Keewaywin and a member of the Missanabie Cree First Nation. “With a $44 billion shortfall to meet current housing needs, and another $16 billion required by 2040 to support population growth, it is imperative that governments and the private sector work together to ensure that future generations have the space and infrastructure to remain in and connected to their communities.”

“This fund, led by changemaker Tracee Smith, represents the kind of community-rooted innovation our Impact Fixed Income strategy is designed to support,” says Carl Pelland, Vice-President, Fixed Income, and Head, Corporate and Impact Bonds at Addenda Capital. “It aligns closely with our community development theme by directing capital toward Indigenous led solutions that recognize housing as a foundation for broader social and economic outcomes.”

Pelland adds: “This investment opportunity represents a promising step toward scalable social impact, delivering value for investors while supporting the economic advancement of Indigenous communities both on- and off-reserve. We’re proud to be partnering with Keewaywin Capital on this important initiative.”

“We’re glad to contribute to this fund, which represents a much-needed opportunity to help accelerate the delivery of community-driven housing by Indigenous communities, creating long-term value and resilience,” says Lars Boggild, Portfolio Manager, Realize Capital Partners, a wholesaler for the Government of Canada’s Social Finance Fund. Realize Capital is powered by Rally Assets.

Keewaywin Capital anticipates full commitment of the proceeds raised for Fund I by the end of 2025. The firm is exploring additional potential projects that, pending scale, would seek to deploy additional capital and resources in 2026.

About Keewaywin Capital Inc.

Keewaywin Capital Inc. is a 100% Indigenous-owned private credit investment fund focused on dedicated housing development for Indigenous communities across Canada. The firm provides short-term construction loans to accelerate Indigenous-led development, and works in close partnership with community leaders, government agencies, and private capital to deliver sustainable housing solutions that best suit individual Indigenous communities.

For more information, visit Keewaywin Capital.

Contacts

For press inquiries: keewaywin@goldcomm.co | Goldcomm – 416-322-2863

Strategic Storage Growth Trust III, Inc. Acquires Class A Self-Storage Facility in Vancouver, British Columbia

June 30, 2025 By Business Wire

LADERA RANCH, Calif.–(BUSINESS WIRE)–Strategic Storage Growth Trust III, Inc. (“SSGT III”), a private real estate investment trust sponsored by an affiliate of SmartStop Self Storage REIT, Inc. (“SmartStop”), is pleased to announce the acquisition of a Class A self-storage facility located at 1305 East 7th Avenue in Vancouver, British Columbia.


This five-level, purpose-built facility offers approximately 52,400 net rentable square feet and features 790 climate-controlled interior units, five drive-up units, and five underground parking stalls. It includes two elevators for convenient customer access and is located in a dense residential area with strong household incomes and projected population growth of approximately 8% over the next five years.

With visibility to roughly 25,000 vehicles per day, the facility is well-positioned to meet demand from both residents and local businesses across Grandview-Woodland, Mount Pleasant, Strathcona, Hastings-Sunrise, Kensington-Cedar Cottage, Renfrew-Collingwood, and Riley Park.

Adding to the strength of this acquisition is the City of Vancouver’s increasingly restrictive stance on new self-storage development. Recent zoning changes limit the ability to build new facilities, particularly in transit-oriented and industrial zones, making approved, purpose-built assets like this one both rare and highly valuable in the market.

“This facility is a rare find in a highly constrained market and aligns perfectly with our strategy of acquiring well-located, high-quality assets in dense, growing urban areas,” said H. Michael Schwartz, CEO of SSGT III. “With Vancouver’s tightening development restrictions and strong demographic trends, we believe this property is well-positioned to deliver long-term value.”

About Strategic Storage Growth Trust III, Inc. (SSGT III):

SSGT III is a Maryland corporation that elected to qualify as a REIT for federal income tax purposes. SSGT III’s primary investment strategy is to invest in growth-oriented self-storage facilities and related self-storage real estate investments in the United States and Canada. As of June 25, 2025, SSGT III has a portfolio of 13 operating properties in the United States, comprising approximately 10,420 and 1,229,675 net rentable square feet; five operating properties in Canada, comprising approximately 3,170 units and 325,190 net rentable square feet; and joint venture interests in three developments in two Canadian provinces (Québec and British Columbia). In addition, a subsidiary of SSGT III serves as the sponsor of a Delaware Statutory Trust, which currently owns two operating properties in the United States comprising approximately 1,040 units and 123,000 net rentable square feet.

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 more than 600 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 June 25, 2025, SmartStop has an owned or managed portfolio of 229 operating properties in 23 states, the District of Columbia, and Canada, comprising approximately 164,300 units and 18.4 million rentable square feet. SmartStop and its affiliates own or manage 43 operating self-storage properties in Canada, which total approximately 36,400 units and 3.7 million rentable square feet. Additional information regarding SmartStop is available at www.smartstopselfstorage.com

Contacts

David Corak
Senior VP of Corporate Finance & Strategy

SmartStop Self Storage REIT, Inc.

IR@smartstop.com

Allied Announces Conference Call to Discuss Second-Quarter Financial Results

June 27, 2025 By Globenewswire Tagged With: TSX:AP.UN

TORONTO, June 27, 2025 (GLOBE NEWSWIRE) — Allied Properties Real Estate Investment Trust (“Allied”) (TSX:AP.UN) will hold a conference call and live audio webcast at 10:00 a.m. (ET) on Wednesday, July 30, 2025, to discuss financial results for the quarter ended June 30, 2025. The financial results will be released on Tuesday, July 29, 2025,… [Read More]

ERES Announces Timing of Second Quarter 2025 Results & Conference Call

June 27, 2025 By Globenewswire Tagged With: TSX:ERE.UN

TORONTO, June 27, 2025 (GLOBE NEWSWIRE) — European Residential Real Estate Investment Trust (“ERES”) (TSX:ERE.UN) announced today it will issue its financial results for the three and six months ended June 30, 2025 after markets close on: Wednesday, August 6, 2025 A conference call to discuss the results will be hosted by the ERES senior… [Read More]

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