Maple House is designed by acclaimed architects COBE and architectsAlliance, and will deliver a total of 770 rental units, of which 30 per cent are affordable housing TORONTO, May 24, 2023 /CNW/ – Canada’s leading real estate companies Dream Unlimited Corp., Kilmer Group and Tricon Residential Inc. (together, DKT Partnership) have officially launched Maple House,… [Read More]
Timbercreek Financial Corp. announces normal course issuer bid
TORONTO, May 24, 2023 (GLOBE NEWSWIRE) — Timbercreek Financial Corp. (TSX: TF) (the “Company”) announced today that it has obtained the approval of the Toronto Stock Exchange (the “TSX”) to commence a normal course issuer bid (the “NCIB”) with respect to its common shares (the “Shares”). The NCIB will commence on May 26, 2023 and… [Read More]
Real Title Continues its Nationwide Expansion
Digital closing platform now available in Minnesota, Nevada, North Dakota and Tennessee
TORONTO & NEW YORK–(BUSINESS WIRE)–$REAX #therealbrokerage–Real Title, The Real Brokerage Inc.’s (TSX: REAX) (NASDAQ: REAX) digital closing platform built on industry-leading technology to enable agents to deliver a faster, better experience for their customers, today announced it has launched operations in Minnesota, Nevada, North Dakota and Tennessee. The company is now licensed in 23 states and operational in 10 of those states.
“We are thrilled to be able to say that we’ve more than doubled our footprint in the first five months of 2023 as we continue our push to give agents and clients a better closing experience nationwide,” said Sean Daly, Real Title Founder and CEO. “With the addition of Minnesota and North Dakota, Real Title now has a presence in the Midwest, which strategically positions us to expand our footprint throughout the Midwest as well as into the Mid-Atlantic and Northeast.”
Acquired in 2022 as part of its strategy to provide Real’s growing agent base and their clients an end-to-end technology-driven solution from search to close, Real Title leverages state-of-the-art technology to streamline the closing process. Through an easy to use in-app experience, agents, buyers and sellers are able to track each step of the real estate transaction as well as communicate and upload and store documents through a secure, collaborative environment.
As Real Title expands its presence, it offers Real agents the ability to participate in a joint venture program that is designed to give agents a new source of income and share in the success of the company’s growth.
Real Title is now available in Arizona, Florida, Georgia, Minnesota, Nevada, North Dakota, Tennessee, Texas and Utah, and provides escrow services in California through its subsidiary, Real Escrow of California.
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 Title’s expansion of its operations into additional states.
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 Title’s ability to expand its operations into additional states. 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.
About Real Title
Founded in 2019 as Expetitle, Real Title streamlines the paper and time intensive settlement process through an in-app experience that allows agents and their clients to track the progress of their transaction, communicate and upload and store documents though a secure, collaborative environment. Real acquired the company in 2022 as part of its vision to provide agents and their clients with an end-to-end technology-driven search to close experience.
About The Real Brokerage
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 46 states, D.C., and four Canadian provinces with over 10,000 agents. Additional information can be found on its website at www.onereal.com.
Contacts
Investor inquiries:
Jason Lee
Vice President, Capital Markets & Investor Relations
investors@therealbrokerage.com
908.280.2515
For media inquiries, please contact:
Elisabeth Warrick
Director, Communications
elisabeth@therealbrokerage.com
201.564.4221
Timbercreek Financial Declares May 2023 Dividend
TORONTO, May 23, 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 June 15, 2023 to holders of Common Shares of record on May 31, 2023. The Company… [Read More]
Dream Residential REIT Announces May 2023 Monthly Distribution
TORONTO–(BUSINESS WIRE)–DREAM RESIDENTIAL REAL ESTATE INVESTMENT TRUST (TSX: DRR.U) (“Dream Residential REIT” or the “REIT”) today announced its May 2023 monthly distribution in the amount of US$0.035 per unit (US$0.42 annualized). The May distribution will be payable on June 15, 2023 to unitholders of record as at May 31, 2023.
About Dream Residential REIT
Dream Residential REIT is an unincorporated, open-ended real estate investment trust established and governed by the laws of the Province of Ontario. The REIT owns an initial portfolio of 16 garden-style multi-residential properties, consisting of 3,432 units primarily located in three markets across the Sunbelt and Midwest regions of the United States. For more information, please visit www.dreamresidentialreit.ca.
Contacts
Dream Residential REIT
P. Jane Gavan
Chief Executive Officer
(416) 365-6572
jgavan@dream.ca
Derrick Lau
Chief Financial Officer
(416) 365-2364
dlau@dream.ca
Scott Schoeman
Chief Operating Officer
(303) 519-3020
sschoeman@dream.ca
Choice Properties Real Estate Investment Trust Declares Cash Distribution for the Month of May, 2023
Not for distribution to U.S. News Wire Services or dissemination in the United States.
TORONTO–(BUSINESS WIRE)–#valueforgenerations–Choice Properties Real Estate Investment Trust (“Choice Properties”) (TSX: CHP.UN) announced today that the trustees of Choice Properties have declared a cash distribution for the month of May, 2023 of $0.0625 per trust unit, representing $0.75 per trust unit on an annualized basis, payable on June 15, 2023 to Unitholders of record at the close of business on May 31, 2023.
About Choice Properties Real Estate Investment Trust
Choice Properties is a leading Real Estate Investment Trust that creates enduring value through the ownership, operation and development of high-quality commercial and residential properties.
We believe that value comes from creating spaces that improve how our tenants and communities come together to live, work, and connect. We strive to understand the needs of our tenants and manage our properties to the highest standard. We aspire to develop healthy, resilient communities through our dedication to social, economic, and environmental sustainability. In everything we do, we are guided by a shared set of values grounded in Care, Ownership, Respect and Excellence.
For more information, visit Choice Properties’ website at www.choicereit.ca and Choice Properties’ issuer profile at www.sedar.com.
Contacts
For further information:
Mario Barrafato
Chief Financial Officer
Choice Properties REIT
(416) 628-7872
Mario.Barrafato@choicereit.ca
SmartCentres Real Estate Investment Trust Announces Voting Results From Annual Meeting Of Holders of Units and Special Voting Units
TORONTO, May 17, 2023 (GLOBE NEWSWIRE) — SmartCentres Real Estate Investment Trust (“SmartCentres” or the “Trust”) (TSX:SRU.UN) announced today the voting results from its Annual General Meeting of the holders of Units and Special Voting Units (the “Meeting”) held today. The total number of Units and Special Voting Units of SmartCentres (“Units” and “SVUs”, respectively)… [Read More]
PROREIT Announces $35 million Public Offering of Convertible Debentures
NOT FOR DISSEMINATION IN THE UNITED STATES OR DISTRIBUTION THROUGH UNITED STATES NEWS OR WIRE SERVICES. MONTRÉAL, May 17, 2023 (GLOBE NEWSWIRE) — PRO Real Estate Investment Trust (TSX: PRV.UN) (“PROREIT” or the “REIT”) announced today that it has entered into an agreement with a syndicate of underwriters co-led by TD Securities Inc. and Scotiabank (collectively,… [Read More]
1VALET Announces Closing of Oversubscribed $7 Million SAFE Financing Round.
Concluded during the company’s previous fiscal year, the oversubscribed $7 Million SAFE Round will expedite 1VALET’s expansion of their security integrator network and supply chain, while also driving the addition of new revenue-generating features for users of their smart building platform.
OTTAWA, Ontario–(BUSINESS WIRE)–Canadian smart building platform leader 1VALET announced today the successful closure of an oversubscribed $7 Million SAFE round in its previous fiscal year.
The oversubscription of shares is a testament to the proptech firm’s remarkable growth and momentum, particularly over the past year. Supported by strategic partnerships with security integrators, telecommunication companies, and other industry leaders, the company is committed to building upon its strong track record of revenue growth. Over the past five years, 1VALET has achieved a remarkable Compound Annual Growth Rate (CAGR) of approximately 150%.
This investment round will empower 1VALET to further enhance shareholder value by expanding its relationship with Rogers and Shaw, strategically expanding its security integrator network, reinforcing its robust supply chain, and introducing new features to its smart building platform. These advancements will enable the company to unlock additional revenue-generating opportunities for its users and help maintain 1VALET’s position at the forefront of innovation.
“The exceptional value we have been able to create for multi-family owners and asset managers, as well as our own stakeholders and partners, has been remarkable,” said 1VALET CEO Jean-Pierre Poulin. “Our growth over the past five years has been outstanding, and we’re eager and excited to continue to compound this success over the coming years.”
Renowned for its disruptive smart building operating system and proprietary hardware, 1VALET sells its innovative products directly and through multiple distribution channels.
To learn more about how 1VALET is helping hundreds of developers and asset managers grow their NOI, streamline operations, and boost resident engagement, contact our Sales Team at sales@1valet.com.
About 1VALET
1VALET is a leading smart Building Operating System that integrates IoT technologies to better connect residents to their community, and easily convert multi-family buildings into connected smart communities.
By centralizing building systems into one web-based dashboard and empowering tenants with a leading Resident App, 1VALET can enhance resident engagement, increase NOI, and create safer, smarter communities. To learn more, visit 1VALET.com.
Contacts
Media Contact
Hugo Moreira
Marketing Communications Manager
hmoreira@1valet.com
SmartCentres Declares Distribution for May 2023
TORONTO, May 16, 2023 (GLOBE NEWSWIRE) — SmartCentres Real Estate Investment Trust (“SmartCentres” or the “Trust”) (TSX:SRU.UN) announced today that the trustees of SmartCentres have declared a distribution for the month of May 2023 of CDN $0.15417 per trust unit, representing CDN $1.85 per unit on an annualized basis. Payment will be made on June… [Read More]
Colliers Announces Changes to Board of Directors
TORONTO, May 16, 2023 (GLOBE NEWSWIRE) — Colliers International Group Inc. (TSX and NASDAQ: CIGI) (“Colliers”) announced today that after more than 33 years of service, Peter F. Cohen has retired from the Colliers Board of Directors. Concurrent with his retirement, John (Jack) P. Curtin, Jr., a member of the Board since 2015, will assume the… [Read More]
Colliers declares semi-annual dividend
TORONTO, May 16, 2023 (GLOBE NEWSWIRE) — Colliers International Group Inc. (TSX and NASDAQ: CIGI) (“Colliers”) announced today that its Board of Directors has declared a semi-annual cash dividend on the outstanding Subordinate Voting Shares and Multiple Voting Shares (together, the “Common Shares”) of US$0.15 per Common Share. This dividend is in accordance with the… [Read More]
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