Significant Earnings Growth Driven by Continued Top-Line Strength Operating highlights: Three months ended Six months ended June 30 June 30 2023 2022 2023 2022 Revenues (millions) $… [Read More]
The Real Brokerage Welcomes agentinc
Top 1% company led by renowned real estate professional John McMonigle aligns with Real to provide agents more opportunities, propel growth
TORONTO & NEW YORK–(BUSINESS WIRE)–$REAX #therealbrokerage–The Real Brokerage Inc. (TSX: REAX) (NASDAQ: REAX), the fastest-growing publicly traded real estate brokerage, announced today that agentinc, led by well-known Southern California real estate professional and five-time winner of RealTrends’ No.1 real estate team John McMonigle, is the latest top-producing independent brokerage to align with Real.
Formed in 2019 by McMonigle and Scott MacDonald, also one of Southern California’s most respected real estate professionals who ranked in the top 1% of agents nationally as a producer, agentinc has generated annual sales of $1 billion and earned the distinction of the No. 1 brokerage in Corona Del Mar, California in 2022. The 125-agent team, which has presence from Fresno to San Diego, also has team members in Arizona, Texas and Washington through its cloud-based office model.
“We are thrilled to have agentinc join the Real family. I am personally excited to work with John McMonigle again and welcome his visionary thinking and innovative marketing to Real. Scott MacDonald has been widely recognized as one of the top real estate leaders in California having seen amazing success from being an agent, to running an office, to building a franchise to co-founding and growing agentinc with John,” said Real President Sharran Srivatsaa.
“Our vision now and from the beginning has always been to offer our agents more than any other brokerage can,” McMonigle said. “The decision to join Real empowers agentinc to offer more financial incentives than ever before, including stock awards, an industry-low cap and revenue share program with potential attraction opportunities across the U.S. and Canada as well as Real’s collaborative business model.”
MacDonald said, “We’re always looking out for the future. To meet our growth objectives, we knew our next move was to continue to expand our capabilities and income opportunities and financial benefits. With Real, our agents gain a low cap and an industry-best tech stack combined with stock awards opportunities in one of the world’s most dominant real estate juggernauts.”
About Real
The Real Brokerage Inc. (TSX: REAX) (NASDAQ: REAX) is revolutionizing the residential real estate industry by pairing best-in-class technology with the trusted guidance of the agent-led experience. Real delivers a cloud-based platform to improve efficiencies and empower agents to provide a seamless end-to-end experience for home buyers and sellers. The company was founded in 2014 and serves 47 states, D.C., and four Canadian provinces with over 11,000 agents. Additional information can be found on its website at www.onereal.com.
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 ability to continue to attract and retain 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 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:
Jason Lee
Vice President, Capital Markets & Investor Relations
investors@therealbrokerage.com
908.280.2515
For media inquiries, please contact:
Elisabeth Warrick
Senior Director, Communications
elisabeth@therealbrokerage.com
201.564.4221
Allied Announces Second-Quarter Results, Strong Leasing Activity and Scheduled Closing of UDC Portfolio
TORONTO, July 26, 2023 (GLOBE NEWSWIRE) — Allied Properties Real Estate Investment Trust (“Allied”) (TSX: “AP.UN”) today announced results for its second quarter ended June 30, 2023. With all mutual conditions satisfied, including receipt of Competition Act approval, Allied also today announced the scheduled closing date for the sale of its UDC portfolio in Downtown Toronto… [Read More]
StorageVault Reports 2023 Second Quarter Results and Increases Dividend
TORONTO, July 26, 2023 (GLOBE NEWSWIRE) — STORAGEVAULT CANADA INC. (“StorageVault” or the “Corporation”) (SVI-TSX) reported the Corporation’s 2023 second quarter results and increases its dividend. Iqbal Khan, Chief Financial Officer, commented: “For the first half of fiscal 2023, we significantly reduced our variable rate debt exposure and despite the normalization of our business from… [Read More]
Bobcat Donates $250,000 to Parks to Promote Sustainability and Cultivate Community
Five parks each receive $50,000 for park restoration, beautification or enhancement needs and a new Bobcat zero-turn mower
WEST FARGO, N.D.–(BUSINESS WIRE)–Bobcat Company, a global compact equipment, innovation and worksite solutions brand, has extended five grants, each worth $50,000, to parks across the nation as part of its partnership with the National Recreation and Park Association (NRPA).
In addition to the grant offering, every park and recreation department that applied for the grant—regardless of receiving the grant or not—will receive a new Bobcat zero-turn mower to help them accomplish more for their community spaces.
The recipients of the $50,000 grants include City of Stonecrest in Stonecrest, Ga.; Davidson County Parks and Recreation in Lexington, N.C.; City of Buffalo Parks in Buffalo, N.Y.; San Antonio River Authority in San Antonio, Texas; and City of Auburn Parks, Arts & Recreation in Auburn, Wash.
“Our commitment to positively impact communities is ingrained in all of us at Bobcat, and we are humbled to give back to these deserving communities in support of this mission,” said Mike Ballweber, president, Doosan Bobcat North America. “By supporting sustainability efforts today, we can offer a better tomorrow to the generations to come.”
Through Bobcat and NRPA’s shared commitment to creating vibrant and sustainable community park and recreation areas, the grant dollars will support various restoration, sustainability, beautification or enhancement activities at these sites.
The grant recipients’ plans include:
- City of Stonecrest in Stonecrest, Ga.: The City of Stonecrest, located east of Atlanta, plans to develop a walking trail at Everett Park. The new trail aims to encourage community residents to engage with the outdoors and attend the park and recreation department’s programs which include forest therapy programs, bird watching walks, summer camps, fishing and camping opportunities. The local park and recreation team will utilize the grant dollars, plus Bobcat equipment for forest mulching, grading and compacting to support development of this new ADA-compliant trail.
- Davidson County Parks and Recreation in Lexington, N.C.: A pollinator garden and bog garden is being developed at a newly created park called Yadkin River Park. The project is being led by the Davidson County Parks and Recreation Department in collaboration with the master gardeners of Davidson County, Catawba College Department of Environment and Sustainability, North Carolina state agencies, Town of Spencer and Friends of Rowan County. The gardens will demonstrate the resilience of the native bog plants in North Carolina, and it will also protect the surrounding community from adverse effects like water pollution and flooding. Educational signage will be on display for the public and local educators to use these spaces to teach children as they play at the nearby playgrounds. The agencies will work together to plant, mulch, maintain and teach people how these plants help the environment.
- City of Buffalo in Buffalo, N.Y.: The City of Buffalo Parks and Buffalo Niagara River Land Trust are partnering on a 22-acre conservation easement known as Houghton Park. What was once a dumping ground of large broken concrete slabs, bricks and stones, will become an open nature conservation area in a dense urban neighborhood overlooking the Buffalo River. The project team will leverage compact equipment from Bobcat to remove the heavy construction debris, while offering a light footprint on the sensitive landscape. The conservation area will reconstruct pedestrian trails and create access points from the area neighborhoods.
- San Antonio River Authority in San Antonio, Texas: The San Antonio River Authority plans to develop new trails, create two bioswales and plant native species at its 351-acre Trueheart Ranch Park which fronts the San Antonio River. These park initiatives aim to make the park more resistant to climate outcomes. After the completion of this project, the park plans to open these areas to the public and offer various programming opportunities such as fishing clinics, tent building and nature hikes. The team will utilize Bobcat equipment for use in constructing the trails.
- City of Auburn Parks, Arts & Recreation in Auburn, Wash.: Located south of Seattle, the City of Auburn Parks, Arts & Recreation will create a more inclusive environment for the community by creating new ADA-accessible gravel pathways at Auburndale Park. The project will reinvigorate two existing pathways to remove the outdated asphalt and replace it with crushed gravel. To complete the project, the team will use Bobcat equipment to demo the asphalt, then to install the gravel paths to proper grade.
“We are so excited to help create more sustainable and resilient communities by extending grants to these deserving communities,” said Ayanna Williams, NRPA director of community and environmental resilience. “Park and recreation professionals are champions in addressing our most pressing environmental challenges and we are grateful to Bobcat for their support to improve, preserve and beautify these spaces.”
Each park will begin its project this summer with varying stages of completion over the next several months.
To learn more about Bobcat’s community involvement, visit bobcat.com. To learn more about NRPA, visit nrpa.org.
Media Resources: To see photos of the project sites in their current state prior to work starting, please visit this Dropbox link. Davidson County also provided renderings to showcase its plans, which are available via the link. Additional updates will be shared as project work commences and is completed.
About Bobcat Company
Since 1958, Bobcat Company has been empowering people to accomplish more. As a leading global manufacturer of compact equipment, Bobcat has a proud legacy of innovation and a reputation based on delivering smart solutions to customers’ toughest challenges. Backed by the support of a worldwide network of independent dealers and distributors, Bobcat offers an extensive line of compact equipment, including loaders, excavators, compact tractors, utility products, telehandlers, mowers, attachments, implements, parts, and services. In 2024, Bobcat will expand its brand with the addition of portable power, industrial air and industrial vehicle offerings. Headquartered in West Fargo, North Dakota, Bobcat continues to lead the industry with its new and innovative offerings.
The Bobcat brand is owned by Doosan Bobcat, Inc., a company within the Doosan Group. Committed to empowering people to accomplish more, Doosan Bobcat is dedicated to building stronger communities and a better tomorrow.
About the National Recreation and Park Association
The National Recreation and Park Association (NRPA) is the leading not-for-profit organization dedicated to building strong, vibrant and resilient communities through the power of parks and recreation. With more than 60,000 members, NRPA advances this mission by investing in and championing the work of park and recreation professionals and advocates — the catalysts for positive change in service of equity, climate-readiness, and overall health and well-being. For more information, visit nrpa.org. For digital access to NRPA’s flagship publication, Parks & Recreation, visit parksandrecreation.org.
©2023 Bobcat Company. All rights reserved.
Contacts
Nadine Erckenbrack, Bobcat Public Relations Manager
Email: na.newsroom@doosan.com
Mobile: 701-205-9207
Danielle Doll, NRPA Sr. Manager of Strategic Communications
Email: ddoll@nrpa.org
Mobile: 571-223-2420
Metrie® Continues to Grow, Adding New Retail Distribution Center in Louisville, KY
VANCOUVER, British Columbia–(BUSINESS WIRE)–Metrie®, North America’s largest manufacturer and distributor of millwork solutions, announced that they are adding a new Retail distribution center in Louisville, KY.
The new facility, set to be fully operational by year-end, puts Metrie in a position to continue to grow with its top retail customer, Lowe’s. The Louisville facility will provide enhanced customer service, speed to market, and flexibility – supporting operational and logistical efficiencies across its Retail business.
“The addition of the Louisville facility supports our commitment to building the best supply chain solutions in the industry,” commented Joe Woods, VP & GM Retail, Metrie. “The Metrie Retail team is excited for the new opportunities that this facility will bring for both the Metrie team and Lowe’s.”
“Growth continues to be on the forefront at Metrie as we continue to expand through new and improved facilities and recent acquisitions. The addition of the Louisville facility is another step in the pursuit of Metrie’s growth strategy – to be North America’s most trusted integrated millwork provider,” commented Kent Bowie, President & CEO, Metrie. “In an ever-changing and dynamic industry, we are making commitments and business decisions to continue delivering the exceptional customer service that Metrie is known for. The Louisville facility is one example of how we continue to execute on our customer promise.”
About Metrie®:
For nearly 100 years, Metrie has helped people transform their homes with high-quality millwork products. The Metrie story began in 1926 as a small, family-owned and -operated business in Vancouver, B.C. Since then, Metrie’s commitment to innovative design and fine craftsmanship has helped the company expand operations to include six solid wood and MDF manufacturing facilities, plus 26 distribution centers in the U.S. and Canada. Metrie has grown over the last nine decades to become the largest MDF moulding manufacturer in North America. For more information, please visit www.Metrie.com or visit us on social media: LinkedIn, Facebook, Instagram, Twitter, Pinterest, YouTube and Houzz.
Contacts
Jonathan Anthony, Director, Corp. Communications | Jonathan.Anthony@metrie.com | 604-630-3262
Dream Office REIT Announces July 2023 Monthly Distribution
TORONTO–(BUSINESS WIRE)–DREAM OFFICE REIT (TSX: D.UN) (“Dream Office” or the “Trust”) today announced its July 2023 monthly distribution of 8.333 cents per REIT Unit, Series A ($1.00 annualized). The July distribution will be payable on August 15, 2023 to unitholders of record as at July 31, 2023.
Dream Office REIT is an unincorporated, open-ended real estate investment trust. Dream Office REIT is a premier office landlord in downtown Toronto with over 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
For further information, please contact:
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
Terra Firma Capital Corporation Provides Update on its "Strategic Alternatives Review"
All amounts are stated in United States dollars unless otherwise indicated. TORONTO, July 21, 2023 (GLOBE NEWSWIRE) — Terra Firma Capital Corporation (TSX-V: TII) (“Terra Firma” or the “Company”), a leading real estate finance company, is pleased to offer an update on its ongoing strategic alternative review. In April 2023, the Company retained Cormark Securities… [Read More]
Dream Impact Trust Announces July 2023 Monthly Distribution
TORONTO–(BUSINESS WIRE)–DREAM IMPACT TRUST (TSX: MPCT.UN) (“Dream Impact” or the “Trust”) today announced its July 2023 monthly distribution in the amount of 5.333 cents per Unit (64 cents annualized). The July distribution will be payable on August 15, 2023 to unitholders of record as at July 31, 2023.
About Dream Impact Trust
Dream Impact Trust is an open-ended trust dedicated to impact investing. Dream Impact’s underlying portfolio is comprised of exceptional real estate assets reported under two operating segments: development and investing holdings, and recurring income, that would not be otherwise available in a public and fully transparent vehicle, managed by an experienced team with a successful track record in these areas. The objectives of Dream Impact are to create positive and lasting impacts for our stakeholders through our three impact verticals: environmental sustainability and resilience, attainable and affordable housing, and inclusive communities; while generating attractive returns for investors. For more information, please visit: www.dreamimpacttrust.ca.
Contacts
DREAM IMPACT TRUST
Meaghan Peloso
Chief Financial Officer
(416) 365-6322
mpeloso@dream.ca
Kimberly Lefever
Director, Investor Relations
(416) 365-6339
klefever@dream.ca
Timbercreek Financial Declares July 2023 Dividend
TORONTO, July 20, 2023 (GLOBE NEWSWIRE) — Timbercreek Financial (TSX: TF) (the “Company”) is pleased to announce that it has declared a monthly cash dividend of $0.0575 per common share (“Common Share”) of the Company to be paid on August 15, 2023 to holders of Common Shares of record on July 31, 2023. The Company… [Read More]
Northview Fund Announces July Distribution
Not for distribution to U.S. newswire services or for dissemination in the United States. CALGARY, Alberta, July 20, 2023 (GLOBE NEWSWIRE) — Northview Fund (the “Fund”) today announced its July 2023 cash distribution amounts on its outstanding Class A Units, Class C Units and Class F Units (collectively, the “Units”), payable on August 15, 2023… [Read More]
Climate Change: See Where Money and Morals Come Together in the Release of the Sustainable PropTech Canada Report 2023
CONCORD, Ontario–(BUSINESS WIRE)–It’s becoming more important every day, and this year’s deep dive into Canada’s sustainable property technology industry outlines where value meets values in the 2023 Sustainable Protech Canada Report.
This year’s Report, contains a comprehensive list of Canadian Sustainable Proptech startups, a Market Map of Canada’s Sustainable Proptech ecosystem, survey insights, analysis of current Proptech trends and interviews with Jon Love from Kingsett Capital, Jon Ramscar from CBRE, and Sanders Lazier from Carbonhound, and other leading industry experts. There’s even an overview of the growing array of products from the Canadian banks who lend to companies that take sustainable mandates seriously and integrate them into their building projects.
The push to decarbonize buildings continues. Governments around the world are enacting regulations to both incentivize buildings to become more efficient and penalize those that don’t comply. That means there are significant opportunities for innovators who can create new technology, products and services for the industry.
Sustainable Proptech is a Canadian company created as a central hub to help the industry navigate through the fast and ever-changing technology landscape and make an important contribution to ESG and Real Estate in Canada.
Today’s launch event also introduced some of Canada’s most exciting technologies, and interviews with industry leaders about trends that are driving sustainable innovation in the country.
Venturon, Founder/Managing Partner and Sustainable Proptech Co-Founder, Deena Pantalone, said, “It’s in the air everywhere these days. And I don’t just mean smoke from wildfires. People are talking about climate, health and sustainability. We know that time isn’t on our side. That’s why our clear mission is to accelerate the achievement of sustainability goals through bridging the worlds of technology and real estate with sustainability experts, tech entrepreneurs, investors, and fresh thinkers.”
Venturon, Principal/Director of Operations and Sustainable Proptech Co-Founder Joanna Creed, adds, “New innovations come when innovators and thought leaders interact and share ideas.
This Report brings together a wealth of information, with usable data and important connections designed to help push the boundaries of Sustainable Proptech here in Canada.
A final word from Deena Pantalone, “Global Real Estate Leaders are pivoting rapidly towards adoption of innovation as we move towards our 2030 Netzero goals. Change is essential. It can also be very profitable for those who lead the way.”
For more information on Venturon, visit www.venturon.com.
To receive the Sustainable PropTech Canada Report 2023, visit www.sustainableproptech.com.
ABOUT SUSTAINABLE PROPTECH
We are Sustainable PropTech, a meeting of minds where you can learn, connect, collaborate, and create the next generation of PropTech. Our community of innovators, forward-thinking individuals and thought leaders represent a full spectrum of organizations with commitments to strong ESG criteria.
We connect the built world of real estate with sustainability experts, tech entrepreneurs, investors, and fresh thinkers with the clear mission of accelerating the achievement of sustainability goals. Our platform helps innovators and thought leaders interact and share ideas that can create new innovations and real change.
Contacts
Media Contact or to arrange an interview:
Lianne McOuat
McOuat Partnership
lianne@partnership.ca
416 953 0380
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