TORONTO–(BUSINESS WIRE)–Tricon Residential Inc. (NYSE: TCN, TSX: TCN) (“Tricon” or the “Company”), an owner and operator of single-family rental homes in the U.S. Sun Belt and multi-family rental apartments in Canada, invites you to participate in its live conference call with senior management to discuss the Company’s financial results for the third quarter of 2023. The call will take place on Wednesday, November 8^th at 11 a.m. ET.

Tricon’s financial statements and management’s discussion and analysis for the third quarter of 2023 will be released prior to the call and will be made available on the Company’s website, on the U.S. Securities and Exchange Commission website at www.sec.gov and on the Canadian Securities Administrators’ website at www.sedar.com. The Company will also release supplementary information which will be available on the Tricon Residential Investor Relations website at www.triconresidential.com.

To access the call, please dial (888) 550-5422 or (646) 960-0676 (Conference ID #3699415). The conference call will be available via webcast on the Tricon Residential Investor Relations website at www.triconresidential.com. A replay of the call will be available from 2pm ET on November 8^th, 2023, until midnight ET, on December 8^th, 2023. To access the replay, call (800) 770-2030 or (647) 362-9199, followed by Conference ID #3699415.

About Tricon Residential Inc.

Tricon Residential Inc. (NYSE: TCN, TSX: TCN) is an owner and operator of a growing portfolio of approximately 37,000 single-family rental homes in the U.S. Sun Belt and multi-family apartments in Canada. Our commitment to enriching the lives of our employees, residents and local communities underpins Tricon’s culture and business philosophy. We provide high-quality rental housing options for families across the United States and Canada through our technology enabled operating platform and dedicated on-the-ground operating teams. Our development programs are also delivering thousands of new rental homes and apartments as part of our commitment to help solve the housing supply shortage. At Tricon, we imagine a world where housing unlocks life’s potential. For more information, visit www.triconresidential.com.

Contacts

For further information:

Wissam Francis

EVP & Chief Financial Officer

Wojtek Nowak

Managing Director, Capital Markets

Email: IR@triconresidential.com

Largest college student questionnaire of its kind to provide benchmarking for 2024 Thriving College Students Index Report

AUSTIN, Texas–(BUSINESS WIRE)–#hihowareyou–The College Student Mental Wellness Advocacy Coalition launches its second annual Thriving College Student Mental Wellness Survey today—on World Mental Health Day—in partnership with the Hi, How Are You Project (HHAYP) and The Jed Foundation (JED).

The largest survey of its kind will be fielded in the U.S. and Canada by world leader in research, Ipsos, to nearly 800,000 students residing in college housing communities. The survey results will be reported in the form of an annual Index in January 2024.

“Thanks to this survey data, we will have the opportunity to continue to learn about various dimensions of student mental wellness including their levels of stress and anxiety, coping mechanisms, future outlook, feelings of connectedness, and more,” said Dr. Sonia Krishna, a board-certified physician specializing in child, adolescent, and adult psychiatry and Hi, How Are You Project board member. “We encourage all students who receive the survey to complete it as this actionable data will help us develop mental wellness resources, staff training, and community programming in the ways they are most needed.”

With a second year of data, the Coalition will provide benchmarking for the first time to keep a pulse on student wellbeing as well as measure the impact of the Coalition’s initiatives.

“JED is proud to work alongside fellow Coalition members to continue protecting emotional health and preventing suicide among our nations’ teens and young adults. College students and members of the campus community play critical roles in the collaboration, cultivation, and creation of life-saving cultures of care,” said John MacPhee, CEO, The Jed Foundation. “The Index will assist us in better understanding the unique challenges and conditions that students are now facing, allowing us to develop programs that affect positive change on both an individual and systemic level.”

The Coalition envisions a world where all young adults thrive thanks to the support of their residential communities that are dedicated to promoting and advocating for mental wellness to facilitate personal fulfillment and academic success. In addition to HHAYP and JED, it is made up of 24 member companies in the student housing industry including:

American Campus Communities

CA Student Living

Campus Advantage

Campus Apartments

Cardinal Group Management

Core Spaces

Landmark

Peak Campus

Pierce Education Properties

Preiss

RPM

Student Quarters

The Scion Group

Greystar

Michaels Student Living

Campus Life & Style

Asset Living

Caliber Living

Yugo

Balfour Beatty

Dinerstein

University Partners

Gilbane Development Company

GMH Communities

“By uniting as an industry, we know our impact can be so much greater and longer lasting,” said Jonathan Bove, Coalition chair. “We aim to leverage the diverse skill sets and capacities of our member organizations so that students get the resources and programming they need to thrive personally and academically in their residential communities.”

To learn more about the new College Student Mental Wellness Advocacy Coalition, please visit www.thrivingcollegestudents.org.

About the College Student Mental Wellness Advocacy Coalition

The College Student Mental Wellness Advocacy Coalition is an alliance of the nation’s top student housing providers who advocate for student mental wellness through encouraging open conversations, providing resources, and developing industry-wide peer-to-peer staff training programs, in partnership with mental health non-profits, The Jed Foundation (JED) and Hi, How Are You Project (HHAYP). Since its founding in 2022, the Coalition continues to expand its reach and impact as it envisions a world where all young adults thrive thanks to the support of their residential communities that are dedicated to promoting and advocating for mental wellness to facilitate personal fulfillment and academic success. www.thrivingcollegestudents.org

About the Hi, How Are You Project

The Hi, How Are You Project (HHAYP) is an Austin, TX-based 501c3 nonprofit organization with the mission to remove the stigma around mental health, one conversation at a time. The organization aims to educate people worldwide about the importance of mental health and wellbeing while promoting a culture of inclusion. www.hihowareyou.org

About The Jed Foundation (JED)

JED is a leading nonprofit that protects emotional health and prevents suicide for our nation’s teens and young adults. We’re partnering with high schools and colleges to strengthen their mental health, substance misuse, and suicide prevention programs and systems. We’re equipping teens and young adults with the skills and knowledge to help themselves and each other. We’re encouraging community awareness, understanding, and action for young adult mental health.

Connect with JED: Email | Twitter | Facebook | Instagram | YouTube | LinkedIn | Snapchat | Pinterest

Contacts

Gina Cowart

American Campus Communities

512-350-8136

gcowart@americancampus.com

Leading parking reservation app in North America adds strategic CFO to drive transformative growth, operational focus, and investment in innovation.

CHICAGO–(BUSINESS WIRE)–SpotHero, the leading parking reservation marketplace in North America, announced Kavita Suthar as its new Chief Financial Officer. The announcement comes as SpotHero continues to utilize and develop cutting-edge technology to further digitize the multi-billion-dollar parking industry.

“We’re thrilled to welcome Kavita as our new Chief Financial Officer,” said SpotHero CEO and co-founder Mark Lawrence. “She brings a wealth of experience and expertise in financial strategy and management. Her commitment to excellence and her strategic vision will play a pivotal role in guiding SpotHero toward continued financial growth and success.”

Suthar will oversee the company’s finance and accounting functions with a focus on strategic and operational execution. Prior to SpotHero, Suthar was the CFO at Redbox where, in her 7+ years, she helped the business scale and was part of the leadership team that took the company public. Suthar held several roles at Redbox across FP&A and Strategy. Before Redbox, Suthar spent 10+ years at US Cellular across various roles including Corporate Finance, Strategy, and Marketing. She began her career as an auditor with Grant Thornton.

“I’m very excited to officially join the SpotHero team,” said Suthar, whose official start date as SpotHero’s Chief Financial Officer was October 5. “SpotHero is a beloved customer brand that is in a unique position as both an industry leader and innovator thanks to its continued focus on developing and implementing innovative technology.”

Hiring Suthar builds upon SpotHero’s recent momentum, including the opening of their new Chicago and Toronto offices. The expansion continues to strengthen our leadership position in their North American markets. SpotHero was also named the 2023 CityLIGHTS award winner by 1871, recognizing SpotHero’s position as a category leader within the parking industry and as a beacon in the Chicago tech community.

For more information on SpotHero, please visit spothero.com.

About SpotHero

SpotHero is the leading parking reservation marketplace in North America with over $1 billion in parking reservations sold. Millions of drivers use SpotHero’s mobile apps and website to find, book and access off-street parking in more than 8,000 locations in over 300 cities in the U.S. and Canada. Leading operator partners leverage SpotHero’s machine learning-powered dynamic pricing platform SpotHero IQ to power data-driven decisions. For more information, visit SpotHero.com.

Contacts

Press@spothero.com

TORONTO–(BUSINESS WIRE)–Primaris Real Estate Investment Trust (“Primaris REIT”) (TSX: PMZ.UN) announced today that its Board of Trustees has declared a distribution of $0.0683 per unit for the month of October, 2023, representing $0.82 per unit on an annualized basis. The distribution will be payable on November 15, 2023 to unitholders of record on October 31, 2023.

About Primaris REIT

Primaris is Canada’s only enclosed shopping centre focused REIT, with ownership interests primarily in the leading enclosed shopping centres in growing markets. The current portfolio totals 11.4 million square feet valued at approximately $3.4 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.

TSX: PMZ.UN

www.primarisreit.com

Contacts

For more information:

Alex Avery

Chief Executive Officer

416-642-7837

aavery@primarisreit.com

Rags Davloor

Chief Financial Officer

416-645-3716

rdavloor@primarisreit.com

Tim Pire

Chair of the Board of Trustees

chair@primarisreit.com

Transaction represents the company’s largest debt transaction to date and its fourth green financing

DENVER–(BUSINESS WIRE)–Vantage Data Centers, a leading global provider of hyperscale data center campuses, today announced​​ that the company has raised USD$1.35 billion in securitized notes. The notes include (i) $1,026M five- and seven-year Class A Term Notes (Series 2023-1 A-2a and Series 2023-2 A-2), (ii) C$380M Canadian dollar Class A tranche (Series 2023-1 A-2b, ~$286M USD equivalent) and (iii) $43M Class B Notes (Series 2023-1 B). The Class A Notes & Class B notes are rated A- and BBB- respectively by Standard & Poor’s.

The proceeds from this transaction are primarily being used to refinance existing financings in place for three data centers on the company’s flagship Northern Virginia campus and five data centers in the province of Quebec, Canada, as well as to fund general corporate needs.

Deutsche Bank Securities acted as Sole Structuring Advisor. In addition to Deutsche Bank, Societe Generale, Truist Securities and Wells Fargo Securities acted as Joint Active Bookrunning Managers on the transaction. Additionally, this transaction achieved a Green Bond designation via a Second-Party Opinion (SPO) from Morningstar Sustainalytics in September 2023. For additional details, please see the company’s Green Bond Framework.

“This transaction is Vantage’s ninth securitization financing since 2018. It’s also our fourth green financing bringing our total green loan financings to more than $2 billion,” said Sharif Metwalli, Vantage’s chief financial officer. “This financing provides an even stronger financial position for our North American platform and enables us to continue scaling the business to meet customer demand in an environmentally friendly way. We appreciate the ongoing support and partnership from our lead investor, DigitalBridge, and their confidence in us to grow the business to not only meet our customers’ IT requirements but also to align with our customers’ sustainability goals.”

“Vantage is delivering on its growth strategy, and despite inflation and the challenging capital markets, investors continue to be confident in Vantage’s ability to execute as evidenced by this securitization,” said Jon Mauck, senior managing director at DigitalBridge. “We look forward to further building on this momentum to drive value for our stakeholders, not only in North America, but around the world. Vantage is uniquely positioned for long-term growth with a leading digital infrastructure platform designed for the world’s preeminent hyperscalers and cloud providers.”

Vantage recently announced that AustralianSuper, Australia’s largest pension fund, will invest €1.5 billion to acquire a significant minority stake in Vantage’s EMEA business, joining DigitalBridge as a key shareholder. The investment will accelerate Vantage’s ability to scale its footprint across the EMEA region to support customer demand.

The notes have not been, and will not be registered, under the Securities Act of 1933, as amended, and may not be offered or sold absent such registration, or an applicable exemption from the registration requirements thereunder. This press release is neither an offer to sell, nor a solicitation of an offer to buy any notes, nor shall there be any sale of the notes in any state or jurisdiction in which the offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.

About Vantage Data Centers

Vantage Data Centers powers, cools, protects and connects the technology of the world’s well-known hyperscalers, cloud providers and large enterprises. Developing and operating across five continents in North America, EMEA and Asia Pacific, Vantage has evolved data center design in innovative ways to deliver dramatic gains in reliability, efficiency and sustainability in flexible environments that can scale as quickly as the market demands.

For more information, visit https://www.vantage-dc.com.

About DigitalBridge

DigitalBridge (NYSE: DBRG) is a leading global alternative asset manager dedicated to investing in digital infrastructure. With a heritage of over 25 years investing in and operating businesses across the digital ecosystem including cell towers, data centers, fiber, small cells and edge infrastructure, the DigitalBridge team manages over $70 billion portfolio of digital infrastructure assets on behalf of its limited partners and shareholders. Headquartered in Boca Raton, Florida, DigitalBridge has key offices in New York, Los Angeles, London, Luxembourg and Singapore.

For more information, visit: www.digitalbridge.com.

Contacts

Mark Freeman

Vantage Data Centers

mfreeman@vantage-dc.com
+1-202-680-4243

Robin Bectel

REQ for Vantage Data Centers

vdc@req.co
+1- 202-936-6335

– New data reveals that ninety percent of Torontonians believe the city needs better-built condos –

– Click here to access the first renderings for 101 Spadina –

TORONTO–(BUSINESS WIRE)–Today, Devron Developments (Devron), one of Toronto’s leading residential home builders passionate about creating high quality, long-term livable condominiums (condos), releases results from a survey of Torontonians conducted among members of the Angus Reid Forum. The survey found that 90 per cent of respondents believe that the city needs better-built condos, and over three quarters (83 per cent) agree that the city is starved for good architecture. Gathering insights on the sentiments of current and future homeowners towards the Toronto condo market and condominium developments’ contribution to the city’s skyline, the poll surveyed over 800 respondents in the Greater Toronto Area in late June 2023. Alongside this new data, Devron is announcing its latest project, 101 Spadina – a 38-storey residence located at the southeast corner of Spadina Ave. and Adelaide St. – to provide Torontonians with a condo they can call home.

Not another glass box, Devron’s 101 Spadina project aims to change the condo narrative. 101 Spadina will provide Torontonians with the option to own a home with timeless architecture. Built with a brick and stone façade to pay homage to the rich architectural heritage of Spadina Ave. the building includes large livable suites, comfort-focused building features, geothermal heating and cooling, a new 10,000 sq ft public park at the foot of the building and more.

Located on Toronto’s largest avenue, the project will occupy the current Green P and 101 Spadina building at the southeast corner of Adelaide St. and Spadina Ave. In addition to the public park, proceeds from the land transfer will support the creation of affordable housing units off-site in the area.

Condos can be long-term homes

As condos in Toronto are getting smaller and smaller, Devron is doing things differently by building livable, spacious suites with an emphasis on quality beyond just the surface. Prioritizing the quality behind the aesthetics, Devron is solving typical condo living woes with its Building Sciences, out of sight features that enhance the overall condo-living experience; from heightened sound insulation to leak detection and better lighting with pot lights in all suites, Devron ensures the homeowner’s comfort is top of mind.

Due to the unsustainable single-family house price, exacerbated by soaring interest rates, and a lack of high quality condominium homes, Torontonians have been pushed further and further away from the city, where most of the city’s jobs, culture, and entertainment infrastructure lie. This sprawl has given rise to more traffic and travel times which means less time spent with family, an isolation of people from social and economic infrastructure, and an overall decrease in quality of life. According to the survey, many Torontonians want to stay close to the beating heart of the city, but report lacking condos that are built with the quality and size to be called a home for too long:

• Half (52 per cent) of Torontonians say they would consider purchasing a larger condo as their long-term home. Among those who do not currently own a condo in the GTA but plan to do so, 72 per cent would consider purchasing a larger condo as their long-term home.
• Over half (56 per cent) believe condos can be a long-term housing solution versus mostly transitional homes. This number jumps to 60 per cent when honing in on already-existing condo owners.
• According to over 60 per cent of respondents, condos must have ample storage and spacious living spaces as these are the main challenges Torontonians list when considering living in a condo.
• According to 56 per cent of respondents, condos can make a long-term home when it includes being close to services, access to amenities such as green space, and large spacious units.

“Toronto is an incredible city with an abundance of potential. However, condos, our fastest-growing and most sustainable housing option, do not often evoke much excitement or pride for many Torontonians. As a result, condos are seen by many as a temporary place to live. It pains me and makes me realize that we have a lot of work to do to help inspire people to feel that “condo” can be synonymous with “home” for people and families at all stages of life,” says Pouyan Safapour, President of Devron. “What is interesting with this challenge is that it is fairly unique to Canada. In most other major cities in the world, multi-family homes are not seen as transitionary housing. If we don’t overcome this major challenge, and rebuild consumer confidence in multifamily living in Toronto, people and families will continue to sprawl, it will become impossible for our infrastructures to serve people, and the city will lose its vibrancy. This is why we are passionate about creating condos that we feel Toronto deserves, and that Torontonians can be proud of. We want people to have options for multi-family homes that inspire them to stay and call downtown Toronto home. With our latest project, 101 Spadina, we hope to do just that.”

The Toronto skyline needs help

Canada’s largest metropolis isn’t renowned for its architecture. It’s the opposite. As a developer focused on bringing inspiring architecture to the city, Devron is committed to elevating Toronto’s skyline by building aesthetically pleasing and community-driven developments. Designed in partnership with Audax Architects, the contemporary art deco building will exist in respectful harmony with the beautiful 100 year-old architectural buildings on Spadina Ave., while having its own modern character. Torontonians believe the city needs higher quality buildings that heighten the city’s architectural experience.

• Over three-quarters (83 per cent) of Torontonians agree that the city is starved for better architecture.
• Almost three-quarters (71 per cent) believe other cities have more interesting or exciting condo developments in comparison to Toronto.
• Nearly all respondents (90 per cent) believe the city needs better-built condos that suit people’s lifestyle needs (functional layouts, access to amenities, etc.)

Devron’s 101 Spadina project aims to answer Torontonians’ request for better-built condos, exciting architecture, and livable suits. Sales for 101 Spadina launch in 2024. Visit 101spadina.com to register.

About Devron Developments

Devron Developments (Devron) is an award-winning residential home builder, passionate about positively impacting people’s lives and experiences by creating long-term livable spaces in the Greater Toronto Area. With a portfolio of notable condominiums like The Vanguard, The Winslow, and the upcoming 101 Spadina, Devron is committed to elevating communities through thoughtful architecture that enhances the cityscape, high-quality buildings with a focus on livability, and sustainability. With nearly one million square feet of mixed-use property under development, Devron strives to create homes and inspiring spaces for end-users that are tailored to their neighbourhoods. Discover more by visiting www.devron.com.

Contacts

For more information:
Kayla Ciaschi

Talk Shop

647-985-9109

kayla@talkshopmedia.com