DALLAS–(BUSINESS WIRE)–AECOM (NYSE: ACM), the world’s trusted infrastructure consulting firm, today announced that it has been selected by the HKSAR Government Highways Department to deliver the Tsing Yi – Lantau Link (TYLL), a new strategic road linking Lantau Island and Tsing Yi aimed at increasing capacity and accommodating future traffic demand from the Northern Metropolis development.

Well-designed transportation infrastructure is vital to the success of any new town. “We are excited to leverage our world class technical excellence in delivering innovative, technology-enabled long-span and specialty bridge solutions on this impactful project. This work builds on our extensive experience in roadway projects and will further strengthen the resilience of Hong Kong’s road network,” said Ian Chung, chief executive of AECOM’s Asia region.

The TYLL will offer an alternative route to the Lantau Link for vehicles commuting between the Northwest New Territories (NWNT) and urban areas. It will connect the proposed North Lantau Interchange and Tsing Yi Connection, comprising two long-span bridges crossing Ma Wan Fairway and Kap Shui Mun Fairway. Together with Route 11 and other relevant major roads, the TYLL will form a network of strategic roads to improve the conditions of traffic in and near the NWNT while also increasing the route options for the commuter traffic on Lantau Island and surrounding urban areas.

AECOM’s multidisciplinary team includes international experts in their fields, and will coordinate civil and geotechnical engineering, landscaping, road and drainage systems, electrical and mechanical engineering, traffic control and surveillance systems, roadside equipment, and environmental mitigation measures to deliver design and project supervision for the long-span bridges.

With phased commissioning planned through 2033, the TYLL will help deliver economic benefits by improving mobility to and from Hong Kong International Airport and the Hong Kong – Zhuhai – Macao Bridge. It will also prove critical to the Northern Metropolis development in Hong Kong’s northern New Territories, which will transform the northern part of Hong Kong into a thriving metropolitan area. In addition to the TYLL, AECOM is delivering several of other projects to support the Northern Metropolis development, which include master planning, engineering and design services for critical infrastructure. AECOM was selected by the HKSAR Government Highways Department in May 2023 to deliver the TYLL.

About AECOM

AECOM (NYSE: ACM) is the world’s trusted infrastructure consulting firm, delivering professional services throughout the project lifecycle – from advisory, planning, design and engineering to program and construction management. On projects spanning transportation, buildings, water, new energy and the environment, our public- and private-sector clients trust us to solve their most complex challenges. Our teams are driven by a common purpose to deliver a better world through our unrivaled technical and digital expertise, a culture of equity, diversity and inclusion, and a commitment to environmental, social and governance priorities. AECOM is a Fortune 500 firm and its Professional Services business had revenue of $13.1 billion in fiscal year 2022. See how we are delivering sustainable legacies for generations to come at aecom.com and @AECOM.

Forward-Looking Statements

All statements in this communication other than statements of historical fact are “forward-looking statements” for purposes of federal and state securities laws, including any statements of the plans, strategies and objectives for future operations, profitability, strategic value creation, risk profile and investment strategies, and any statements regarding future economic conditions or performance, and the expected financial and operational results of AECOM. Although we believe that the expectations reflected in our forward-looking statements are reasonable, actual results could differ materially from those projected or assumed in any of our forward-looking statements. Important factors that could cause our actual results, performance and achievements, or industry results to differ materially from estimates or projections contained in our forward-looking statements include, but are not limited to, the following: our business is cyclical and vulnerable to economic downturns and client spending reductions; limited control over operations that run through our joint venture entities; liability for misconduct by our employees or consultants; failure to comply with laws or regulations applicable to our business; maintaining adequate surety and financial capacity; potential high leverage and inability to service our debt and guarantees; ability to continue payment of dividends; exposure to political and economic risks in different countries, including tariffs; currency exchange rate and interest fluctuations; retaining and recruiting key technical and management personnel; legal claims; inadequate insurance coverage; environmental law compliance and adequate nuclear indemnification; unexpected adjustments and cancellations related to our backlog; partners and third parties who may fail to satisfy their legal obligations; AECOM Capital real estate development projects; managing pension cost; cybersecurity issues, IT outages and data privacy; risks associated with the expected benefits and costs of the sale of our Management Services and self-perform at-risk civil infrastructure, power construction and oil and gas construction businesses, including the risk that any contingent purchase price adjustments from those transactions could be unfavorable and result in lower aggregate cash proceeds and any future proceeds owed to us under those transactions could be lower than we expect; as well as other additional risks and factors that could cause actual results to differ materially from our forward-looking statements set forth in our reports filed with the Securities and Exchange Commission. Any forward-looking statements are made as of the date hereof. We do not intend, and undertake no obligation, to update any forward-looking statement.

Contacts

Media Contact:

Brendan Ranson-Walsh

Senior Vice President, Global Communications

1.213.996.2367

Investor Contact:

Will Gabrielski

Senior Vice President, Finance, Treasurer

1.213.593.8208

TORONTO–(BUSINESS WIRE)–Slate Office REIT (TSX: SOT.UN) (the “REIT”), an owner and operator of high-quality workplace real estate, announced today that it has successfully refinanced the mortgage loans on two of its Greater Toronto Area assets, collectively totaling approximately $140.0 million.

A $45.3 million mortgage on the REIT’s joint venture properties at the Woodbine & Steeles Corporate Centre in Markham, Ontario was refinanced with a two-year $50.0 million mortgage.

Additionally, a $95.9 million mortgage on the REIT’s properties at the West Metro Corporate Centre in Toronto, Ontario was refinanced with a one-year mortgage of up to $90.0 million, extendable by a further year. In connection with the closing of this refinancing, the REIT now owns 100% of West Metro Corporate Centre.

About Slate Office REIT (TSX: SOT.UN)

Slate Office REIT is a global owner and operator of high-quality workplace real estate. The REIT owns interests in and operates a portfolio of strategic and well-located real estate assets in North America and Europe. The majority of the REIT’s portfolio is comprised of government and high-quality credit tenants. The REIT acquires quality assets at a discount to replacement cost and creates value for unitholders by applying hands-on asset management strategies to grow rental revenue, extend lease term and increase occupancy. Visit slateofficereit.com to learn more.

About Slate Asset Management

Slate Asset Management is a global alternative investment platform targeting real assets. We focus on fundamentals with the objective of creating long-term value for our investors and partners. Slate’s platform has a range of real estate and infrastructure investment strategies, including opportunistic, value add, core plus and debt investments. We are supported by exceptional people and flexible capital, which enable us to originate and execute on a wide range of compelling investment opportunities. Visit slateam.com to learn more.

Forward-Looking Statements

Certain information herein constitutes “forward-looking information” as defined under Canadian securities laws which reflect management’s expectations regarding objectives, plans, goals, strategies, future growth, results of operations, performance, business prospects and opportunities of the REIT. The words “plans,” “expects,” “does not expect,” “scheduled,” “estimates,” “intends,” “anticipates,” “does not anticipate,” “projects,” “believes,” or variations of such words and phrases or statements to the effect that certain actions, events or results “may,” “will,” “could,” “would,” “might,” “occur,” “be achieved,” or “continue” and similar expressions identify forward-looking statements. Such forward-looking statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations.

Forward-looking statements are necessarily based on a number of estimates and assumptions that, while considered reasonable by management as of the date hereof, are inherently subject to significant business, economic and competitive uncertainties and contingencies. When relying on forward-looking statements to make decisions, the REIT cautions readers not to place undue reliance on these statements, as forward-looking statements involve significant risks and uncertainties and should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether or not the times at or by which such performance or results will be achieved. A number of factors could cause actual results to differ, possibly materially, from the results discussed in the forward-looking statements. Additional information about risks and uncertainties is contained in the filings of the REIT with securities regulators.

SOT-Fin

Contacts

Investor Relations

+1 416 644 4264

ir@slateam.com

Prum brings experience scaling site acquisition and development of Tesla’s Supercharger network throughout southern California

SAN FRANCISCO–(BUSINESS WIRE)–EV Realty, Inc. (“EV Realty”), an EV infrastructure development platform purpose-built to maximize electric power availability for critical commercial fleets, today announced the hiring of Ben Prum as Director, Development at the company.

“We’re thrilled to welcome Ben to EV Realty. His extensive experience in siting, developing and managing the installation of fast chargers is a unique and critical skillset in our emerging industry,” said Patrick Sullivan, CEO of EV Realty. “With Ben’s leadership on the development front, we’re excited to advance our first Powered Properties™ through development and into construction next year, providing significant power and reliable charging infrastructure to our customers in the near-term.”

Prum fills a key role at EV Realty, where as Director of Development he will oversee the strategic development, de-risking and commercialization of the company’s growing pipeline of multi-fleet EV charging hub projects. This includes managing and leading the development life cycle from initial siting and design to financing and construction. Prum will help the company scale, standardize and optimize its development processes, leveraging his experience doing the same at Tesla over the last six years.

“I’m excited to join EV Realty and work towards the company’s mission of delivering large-scale EV charging infrastructure critical to electrifying commercial fleets at scale,” said Prum. “EV Realty has the solution that delivers EV charging to critical fleet customers sooner, and at a lower cost, than building individual charging behind the fence.”

Prum comes to EV Realty with more than 12 years of experience in commercial real estate development and six years of experience in EV charging development. He most recently served as Development Lead at Tesla, where he was responsible for large scale site acquisitions and the development of Tesla’s Supercharger network for the Greater Los Angeles region. Through this work, Prum was part of the early Supercharger team that grew the Los Angeles area network to more than 70 operational charging stations, approximately 1,200 Supercharger ports. Prum’s team at Tesla delivered some of the most critical and demanded Supercharger locations, such as stations in Santa Monica, West Hollywood, San Fernando Valley and downtown Los Angeles.

Prior to Tesla, Prum managed site development for 5G wireless projects for Verizon, AT&T and T-Mobile and Sprint. A California licensed real estate and land use attorney, Prum is also experienced at navigating real estate negotiations and transactions and has handled civil cases for a range of real estate litigation. A native of Cambodia, Prum has an undergraduate degree from University of California, Irvine and a law degree from Thomas Jefferson School of Law, San Diego.

Prum’s hiring is the latest in a series of recent announcements for EV Realty. Earlier this summer, the company announced the hiring of former Meta and PG&E executive Gelberg Rodriguez as VP of Engineering & Construction, as well as the hiring of Jim Ludovico as Chief Customer Officer; Suncheth Bhat as Chief Business Officer; and Alec Maghami as Director of Real Estate Capital Markets. Other notable hires include Gary Root, most recently a corporate development strategist at EVGo, and Sarah De Lazzari, formerly with Deloitte consulting on sustainability and climate projects.

About EV Realty

EV Realty develops, deploys and owns charging infrastructure critical to electrifying commercial fleets in the U.S. at scale. The company accelerates the adoption of large EV fleets by focusing on the fundamental constraint all electric fleets face: low-cost, reliable and expandable access to grid-scale power. EV Realty is developing a network of grid-optimized, large-scale EV charging hubs for delivery, logistics and services fleet customers. Our Powered Properties™ serve multiple commercial fleets in secure, high-power locations with dedicated charging access and availability, and are located proximate to major logistics corridors within last-mile delivery/duty range of urban population centers. By aggregating multiple fleets with shared private infrastructure in grid-ready locations, EV Realty Powered Properties™ reduce upfront and recurring costs for fleets and are available sooner for EV deployment at scale. Learn more about EV Realty and how it is transforming fleet charging at www.evrealtyus.com.

Contacts

Keith Chapman

keith@chappublicrelations.com

reZEN among the nearly 500 innovative projects, products and services recognized

TORONTO & NEW YORK–(BUSINESS WIRE)–$REAX #therealbrokerage–The Real Brokerage Inc. (NASDAQ:REAX), announced today that reZEN, the company’s proprietary transaction management platform that allows the company and its 11,000+ agents to manage commissions, documents, payments and communications on a single, mobile-first cloud platform, was recognized as an honorable mention in Fast Company’s Innovation by Design Awards for 2023.

One of the most sought-after design awards in the industry, the Innovation by Design Awards recognize the designers and businesses solving the most crucial problems of today and anticipating the pressing issues of tomorrow. Real is among a range of blue-chip companies and emerging startups, including Adobe, PepsiCo, Canva and others, recognized for its work this year. reZEN was honored in the Midsize Business category.

“We are very honored to receive this award from Fast Company,” said Real Chief Technology Officer Pritesh Damani. “Historically, real estate brokerage firms have struggled to manage the complex document flows between the multiple participants involved in a real estate transaction. reZEN removes the need to juggle between multiple systems, maximizing agent productivity. It also allows us to continually leverage cutting-edge technology to enable our agents to work more efficiently and effectively.”

With reZEN, an enterprise solution that was built from the ground up, Real agents can use their phones to approve commission documents, scan and upload deposit and commission checks for automatic processing as well as talk with their brokers using a built-in transaction-centric communication system. They also can receive notifications about pending payments, upcoming industry events and use sophisticated reporting without leaving their phone.

reZEN serves as the foundation for Leo, Real’s ground-breaking 24/7 concierge powered by Generative Pre-trained Transformer (GPT) technology and machine learning. Launched earlier this month company-wide, Leo provides personalized responses in real time that cater to each agent’s unique workstyle. Leo significantly increases agent productivity as these same queries previously would have required a response from the customer support team during business hours.

“So much innovation news these days is focused on AI,” said Brendan Vaughan, Editor-In-Chief of Fast Company. “This year’s Innovation by Design honorees are a reminder that it’s human ingenuity that drives invention.”

The judges include renowned designers from a variety of disciplines, business leaders from some of the most innovative companies in the world, and Fast Company’s own writers and editors. Entries are judged on the key ingredients of innovation: functionality, originality, beauty, sustainability, user insight, cultural impact and business impact. To see the complete list of 2023 Innovation by Design Award winners, go to https://www.fastcompany.com/innovation-by-design/list.

About Fast Company

Fast Company is the only media brand fully dedicated to the vital intersection of business, innovation, and design, engaging the most influential leaders, companies, and thinkers on the future of business. Headquartered in New York City, Fast Company is published by Mansueto Ventures LLC, along with our sister publication Inc., and can be found online at www.fastcompany.com.

​​About Real

The Real Brokerage Inc. (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 more than 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 reZEN platform.

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, the success of Real’s current technologies and Real’s ability to successfully launch new technologies, 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:

Elisabeth Warrick

Senior Director, Marketing, Communications & Brand

elisabeth@therealbrokerage.com
201.564.4221

TORONTO & NEW YORK–(BUSINESS WIRE)–The Real Brokerage Inc. (“Real” or the “Company”) (NASDAQ: REAX), the fastest growing publicly traded real estate brokerage, today announced that Chairman and Chief Executive Officer Tamir Poleg will be presenting at the virtual August 24th Investor Summit on Thursday, August 24, 2023 at 9:00 a.m. ET.

Real’s remarks will be broadcast live and can be accessed by interested parties at the link below, and in the “Investors” section of www.onereal.com.

Date: Thursday, August 24, 2023 

Time:  9:00 a.m. ET

Webcast link: https://us06web.zoom.us/webinar/register/WN_ZBCjTHw5Qhya7_VggDOyZA

About Real

The Real Brokerage Inc. 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.

Contacts

For additional information, please contact:

Jason Lee

Vice President, Capital Markets & Investor Relations

investors@therealbrokerage.com
908.280.2515

For media inquiries, please contact:

Elisabeth Warrick

Senior Director, Marketing, Communications & Brand

elisabeth@therealbrokerage.com
201.564.4221

TORONTO–(BUSINESS WIRE)–DREAM OFFICE REIT (TSX: D.UN) (“Dream Office” or the “Trust”) today announced its August 2023 monthly distribution of 8.333 cents per REIT Unit, Series A ($1.00 annualized). The August distribution will be payable on September 15, 2023 to unitholders of record as at August 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