Majority acquisition will support growth strategy of sub-metering services

TORONTO–(BUSINESS WIRE)–Northleaf Capital Partners (“Northleaf”) today announced a strategic partnership with Provident Energy Management Inc. (“Provident” or the “Company”), a leading provider of sub-metering and building automation services predominantly focused on the multi-residential new construction market. Funds managed by Northleaf have acquired a majority stake in Provident, aligning with the Company’s management team, who will maintain a minority interest, to expedite growth.

Provident is committed to generating substantial energy savings through individual utility metering and billing, building automation system installations and monitoring, and energy consulting services in the markets in which it operates.

“We look forward to working with Northleaf and multi-residential developers to strategically accelerate growth in new business opportunities and to grow our services across new markets throughout Canada and the US,” said Marco Pisterzi, COO/CFO at Provident.

“We’re delighted to partner with Provident and its management team to build upon the Company’s strong track record of providing customers an essential service that promotes energy efficiency,” said Jared Waldron, Managing Director at Northleaf. “Provident’s existing and diversified installed base and robust pipeline underpins a resilient, long-term and contracted cashflow profile. This is an excellent fit with our mid-market infrastructure strategy which focuses on stable businesses with strong downside protection.”

Provident will continue its longstanding commercial relationship with OZZ Electric Inc. (“OZZ”) to foster growth. As the largest multi-residential electrical contractor in Canada, OZZ employs over 1,200 people across Ontario, British Columbia, and Washington State. “The natural and symbiotic relationship between OZZ and Provident adds substantial value to both businesses, providing our developer customers the convenience and economy of combined electrical and suite metering services,” said Steven Muzzo, founder and CEO of OZZ and Provident.

Financial terms of the transaction were not disclosed. Northleaf was advised by National Bank Financial Inc. and Torys. The associated debt financing for this transaction was led and arranged by National Bank of Canada.

About Provident Energy Management Inc.

Provident is a leading sub-metering provider based in Ontario, Canada that provides billing services and energy management solutions to multi-residential buildings and their tenants. Provident has an extensive network of key developer relationships for whom Provident acts as the trusted partner to invest in sub-meters allowing multi-residential tenants to be billed for their actual utility usage thereby promoting energy conservation.

For more information on Provident, visit www.pemi.com.

About Northleaf Capital Partners

Northleaf Capital Partners is a global private markets investment firm with more than US$23 billion in private equity, private credit and infrastructure commitments raised to date from public, corporate and multi-employer pension plans, endowments, foundations, financial institutions and family offices. Northleaf’s more than 200-person team is located in Toronto, Chicago, London, Los Angeles, Melbourne, Menlo Park, Montreal, New York and Tokyo. Northleaf sources, evaluates and manages private markets investments, with a focus on mid-market companies and assets. For more information on Northleaf, please visit www.northleafcapital.com.

Contacts

Media

For Provident:

Marco Pisterzi

t +1.905.695.5241

e: mpisterzi@cricketenergy.com

For Northleaf:

Sneha Satish

Stanton

t: +1.646.502.3556

e: sneha.satish@stantonprm.com

Nadine Cannata

Managing Director, Marketing & Communications

t: +1.416.477.6623

e: nadine.cannata@northleafcapital.com

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

OTTAWA, Ontario–(BUSINESS WIRE)–InterRent Real Estate Investment Trust (TSX-IIP.UN) (“InterRent” or the “REIT”) today reported financial results for the second quarter ended June 30, 2023.

Operational and Financial Highlights:

• Same Property and Total Portfolio occupancy for June 2023 were 95.4%, an increase of 30 basis points compared to the same period last year.
• Average Monthly Rent (“AMR”) of $1,531 for the Total Portfolio and $1,523 for the same property portfolio, an increase of 6.8% and 6.5% year-over-year (“YoY”) respectively.
• Same Property Net Operating Income (“NOI”) for Q2 was $38.3 million, an increase of $5.0 million or 15.0% YoY.
• Total Portfolio NOI was $39.1 million, an increase of $5.6 million, or 16.8% YoY.
• NOI margin for the Same Property Portfolio and Total Portfolio were 66.3%, reflecting increases of 300 bps YoY.
• Funds from Operations (“FFO”) of $19.6 million, a 3.7% increase from Q2 2022. FFO per unit (diluted) of $0.134, an increase of 2.3% YoY.
• Adjusted Funds from Operations (“AFFO”) of $16.9 million, an increase of 3.8% YoY, and AFFO per unit (diluted) of $0.116, an increase of 2.7% YoY.
• Strong financial position with $282 million of available liquidity with Debt-to-Gross Book Value (“GBV”) of 37.7%.
• Committed to sell a 54-suite property in Ottawa, Ontario for a sale price of $11.5 million, exceeding IFRS value.
• Purchased 26,300 units under the Normal Course Issuer Bid (“NCIB”), and subsequent to the quarter, purchased 130,900 units under an Automatic Unit Purchase Plan (“AUPP”), representing a total of 157,200 units at a weighted average per-unit price of $12.71.

Brad Cutsey, President and CEO of InterRent REIT, commented on the results:

“We’re pleased to report on another solid quarter marked by back-to-back double-digit NOI growth and sustained expansion of NOI margins. AMR growth remained steady across our core markets, benefitting from the robust industry fundamentals that are showing no signs of slowing down. Our capital recycling program is now in motion, as we are committed to sell a non-strategic property at a price higher than its IFRS value. We continue to explore capital recycling opportunities and have identified various assets that could potentially provide net proceeds of over $75 million. While the completion of such transactions is subject to various factors and cannot be assured, we are confident that our well-defined disposition strategy will strengthen our balance sheet, help fund further growth opportunities, and allow us to continue to be active in our NCIB.”

Selected Consolidated Information In $000’s, except per Unit amounts and other non-financial data	3 Months Ended June 30, 2023			3 Months Ended June 30, 2022			Change
Total suites		12,709(1)			12,573(1)		+1.1%
Average rent per suite (June)	$	1,531		$	1,433		+6.8%
Occupancy rate (June)		95.4	%		95.1	%	+30 bps
Proportionate operating revenues	$	58,963		$	52,845		+11.6%
Proportionate net operating income (NOI)	$	39,068		$	33,446		+16.8%
NOI %		66.3	%		63.3	%	+300 bps
Same Property average rent per suite (June)	$	1,523		$	1,430		+6.5%
Same Property occupancy rate (June)		95.4	%		95.1	%	+30 bps
Same Property proportionate operating revenues	$	57,787		$	52,662		+9.7%
Same Property proportionate NOI	$	38,334		$	33,322		+15.0%
Same Property NOI %		66.3	%		63.3	%	+300 bps
Net Income	$	36,786		$	77,607		-52.6%
Funds from Operations (FFO)	$	19,584		$	18,880		+3.7%
FFO per weighted average unit – diluted	$	0.134		$	0.131		+2.3%
Adjusted Funds from Operations (AFFO)	$	16,877		$	16,262		+3.8%
AFFO per weighted average unit – diluted	$	0.116		$	0.113		+2.7%
Distributions per unit	$	0.0900		$	0.0855		+5.3%
Adjusted Cash Flow from Operations (ACFO)	$	20,627		$	16,648		+23.9%
Proportionate Debt-to-GBV		37.7	%		37.3	%	+40 bps
Interest coverage (rolling 12 months)	2.37x			3.19x			-0.82x
Debt service coverage (rolling 12 months)	1.54x			1.82x			-0.28x

⁽¹⁾ Represents 12,041 (2022 – 11,965) suites fully owned by the REIT, 1,214 (2022 – 1,214) suites owned 50% by the REIT, and 605 (2022 – nil) suites owned 10% by the REIT.

Disciplined portfolio growth underpinned by industry fundamentals

As of June 30, 2023, InterRent had proportionate ownership in 12,709 suites, up 1.1% from 12,573 as of June 2022. Including properties that the REIT owns in its joint ventures, InterRent owned or managed 13,860 suites at June 30, 2023. At 95.4%, the June 2023 occupancy rate in InterRent’s same property and total portfolios improved 30 bps over June 2022. Total portfolio occupancy is 140 bps lower than March 2023, and same property occupancy is 150 bps lower, this is due to seasonal fluctuations and is in line with the long-term average for June. AMR growth across the total portfolio was 6.8% for June 2023 as compared to June 2022, while same property AMR increased by an impressive 6.5% for the same period.

With record setting immigration in 2022 and continuing ambitious federal targets for 2023, strong leasing demand continues to drive AMR growth and strong occupancy numbers, resulting in total portfolio operating revenue growth of 11.6% over Q2 2022. Within the same property portfolio, these same factors have grown operating revenues by 9.7% compared to Q2 2022. NOI margin expansion for the overall portfolio and same property portfolio both accelerated to 300 basis points, reaching 66.3% during the quarter.

Strong debt profile, focused on optimizing mortgages

Financing costs in Q2 2023 came in at $15.0 million, compared to $10.4 million in Q2 last year, reflecting the impact from the Bank of Canada’s interest rate increases between March of 2022 and June of 2023.

Weighted average cost of mortgage debt increased marginally from March 2023 to 3.43%, and variable rate exposure ended the quarter at 5%, a marginal increase from 4% at the prior quarter but decreased substantially from the same period last year at 14%. The REIT has continued to actively manage its mortgage ladder, with its share of CMHC insured mortgages at 83%, consistent with March 2023.

Debt-to-GBV was at 37.7%, an increase of 40 basis points year over year and a decrease of 30 basis points when compared to March. With a conservative debt-to-GBV and $282 million of available liquidity, the REIT has significant financial flexibility for future capital programs, development opportunities and acquisitions.

Net income affected by fair value adjustments

Net income for the quarter was $36.8 million, a decrease of $40.8 million compared to Q2 2022. This decrease was primarily due to a $20.4 million difference in fair value adjustments of investment properties (moving from a $27.8 million gain to a $7.4 million gain). These fair value adjustments reflect an expansion of capitalization rates during the year. The REIT’s weighted average capitalization rate used across the portfolio at the end of Q2 2023 was 4.07%, an expansion of 3 basis points from Q1 2023, driven by greater cap rate increase in the suburban Other Ontario region.

The decrease in net income during Q2 2023 is also attributable to a $21.1 million drop in unrealized gain on financial liabilities (a $10.1 million gain compared to a $31.2 million gain during the same period last year).

FFO increased 3.7% from last year to $19.6 million and on a per unit basis increased 2.3% to $0.134. AFFO during the quarter increased 3.8% to $16.9 million, and on a per unit basis increased 2.7% on a per unit basis to $0.116.

Momentum at the Slayte remains strong

The Slayte development in Ottawa, the REIT’s first office conversion project, has reached the final stages of its interior construction. Located near LRT lines and steps to the Parliament, the building has captured considerable attention. The lease rate has surpassed 60% and the REIT is optimistic that the leasing momentum will continue throughout the rest of the leasing season.

Conference Call

Management will host a webcast and conference call to discuss these results and current business initiatives on Wednesday, August 2, 2023 at 10:00 AM EST. The webcast will be accessible at: https://www.interrentreit.com/2023-q2-results. A replay will be available for 7 days after the webcast at the same link. The telephone numbers for the conference call are 1-888-396-8049 (toll free) and 416-764-8646 (international). No access code required.

About InterRent

InterRent REIT is a growth-oriented real estate investment trust engaged in increasing Unitholder value and creating a growing and sustainable distribution through the acquisition and ownership of multi-residential properties.

InterRent’s strategy is to expand its portfolio primarily within markets that have exhibited stable market vacancies, sufficient suites available to attain the critical mass necessary to implement an efficient portfolio management structure, and offer opportunities for accretive acquisitions.

InterRent’s primary objectives are to use the proven industry experience of the Trustees, Management and Operational Team to: (i) grow both funds from operations per Unit and net asset value per Unit through investments in a diversified portfolio of multi-residential properties; (ii) provide Unitholders with sustainable and growing cash distributions, payable monthly; and (iii) maintain a conservative payout ratio and balance sheet.

*Non-GAAP Measures

InterRent prepares and releases unaudited quarterly and audited consolidated annual financial statements prepared in accordance with IFRS (GAAP). In this and other earnings releases, as a complement to results provided in accordance with GAAP, InterRent also discloses and discusses certain non-GAAP financial measures, including Proportionate Results, Gross Rental Revenue, NOI, Same Property results, Repositioned Property results, FFO, AFFO, ACFO and EBITDA. These non-GAAP measures are further defined and discussed in the MD&A dated August 2, 2023, which should be read in conjunction with this press release. Since Proportionate Results, Gross Rental Revenue, NOI, Same Property results, Repositioned Property results, FFO, AFFO, ACFO and EBITDA are not determined by GAAP, they may not be comparable to similar measures reported by other issuers. InterRent has presented such non-GAAP measures as Management believes these measures are relevant measures of the ability of InterRent to earn and distribute cash returns to Unitholders and to evaluate InterRent’s performance. These non-GAAP measures should not be construed as alternatives to net income (loss) or cash flow from operating activities determined in accordance with GAAP as an indicator of InterRent’s performance.

Cautionary Statements

The comments and highlights herein should be read in conjunction with the most recently filed annual information form as well as our consolidated financial statements and management’s discussion and analysis for the same period. InterRent’s publicly filed information is located at www.sedar.com.

This news release contains “forward-looking statements” within the meaning applicable to Canadian securities legislation. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as “plans”, “anticipated”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. InterRent is subject to significant risks and uncertainties which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward looking statements contained in this release. A full description of these risk factors can be found in InterRent’s most recently publicly filed information located at www.sedar.com. InterRent cannot assure investors that actual results will be consistent with these forward looking statements and InterRent assumes no obligation to update or revise the forward looking statements contained in this release to reflect actual events or new circumstances.

The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contacts

For further information:
Renee Wei

Director of Investor Relations & Sustainability

renee.wei@interrentreit.com
www.interrentreit.com

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” or the “Trust”) (TSX: CHP.UN) announced today that it has completed its previously announced issuance, on a private placement basis in certain Provinces of Canada (the “Offering”), of $350 million aggregate principal amount of series T senior unsecured debentures of the Trust bearing interest at a rate of 5.699% per annum and maturing on February 28, 2034 (the “Debentures”).

The Trust intends to use the net proceeds of the Offering (i) to repay all or a portion of the balance drawn on the Trust’s credit facility and (ii) for general business purposes.

DBRS Morningstar has provided the Debentures with a credit rating of “BBB” (high) with a “stable” trend and S&P Global Ratings has provided the Debentures with a credit rating of “BBB”. The Debentures rank equally with all other unsecured indebtedness of the Trust that has not been subordinated.

The Debentures were sold on an agency basis by a syndicate of agents co-led by RBC Capital Markets, Scotiabank, TD Securities, BMO Capital Markets, and CIBC Capital Markets. The Debentures offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the Debentures in any jurisdiction in which such offer, solicitation or sale would be unlawful.

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.

Forward-Looking Statements

This press release may contain forward-looking information within the meaning of applicable securities legislation, which reflects Choice Properties’ current expectations regarding future events, including the expected repayment of the maturing debentures and the intended use of proceeds of the Offering. Forward-looking information is based on a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond Choice Properties’ control that could cause actual results and events to differ materially from those that are disclosed in or implied by such forward-looking information. Such risks and uncertainties include, but are not limited to, the factors discussed in Choice Properties’ 2022 Annual Report, current Annual Information Form and 2023 Second Quarter Report. Choice Properties does not undertake any obligation to update such forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required by applicable law. All forward-looking statements contained in this press release are made as of the date hereof and are qualified by these cautionary statements.

Contacts

Mario Barrafato

Chief Financial Officer

Choice Properties Real Estate Investment Trust

(416) 628-7872

Mario.Barrafato@choicereit.ca

TORONTO & NEW YORK–(BUSINESS WIRE)–The Real Brokerage Inc. (TSX: REAX) (NASDAQ: REAX), the fastest growing publicly traded real estate brokerage, today announced that it will release its second quarter 2023 financial results before market open on Wednesday, August 9, 2023.

The Company will subsequently hold a conference call to discuss operating and financial results for the quarter on Wednesday, August 9, 2023 at 11:00 a.m. ET.

Conference Call Details:

Date:		Wednesday, August 9, 2023
Time:		11:00 a.m. ET
Dial-in Number:		North American Toll Free: 877-545-0523
		International: 973-528-0016
Access Code:		774191
Webcast:		https://www.webcaster4.com/Webcast/Page/2699/48756
Replay Number:		North American Toll Free: 877-481-4010
		International: 919-882-2331
Passcode:		48756
Replay Link:		https://www.webcaster4.com/Webcast/Page/2699/48756

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 at the date hereof. Forward-looking information in this press release includes, without limiting the foregoing, information relating to Real’s second quarter 2023 earnings call, the release of the financial results and the business and strategic plans of Real.

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. 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

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:

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

By integrating with SAP, MaintainX’s mobile-first maintenance and asset management app allows large, multi-site manufacturers to capture more accurate and reliable maintenance and parts usage data from the shop floor.

SAN FRANCISCO–(BUSINESS WIRE)–MaintainX today announced that its mobile-first maintenance and asset management solution is now available on SAP® Store, the online marketplace for SAP and partner offerings. MaintainX integrates with SAP ERP and SAP S/4HANA®, enabling frontline maintenance, safety and operations teams to more easily manage work orders, parts inventory, purchase orders and more, using a mobile app built specifically for maintenance.

MaintainX CEO Chris Turlica said: “MaintainX helps SAP customers drive transformational change by making it easier than ever for their frontline teams to perform and record maintenance work. This integration enables manufacturers to get higher quality maintenance and equipment data into their ERP, unlocking new opportunities to reduce waste and keep production lines running for longer.”

MaintainX is available for free trial on SAP Store. It provides a top-rated mobile CMMS experience for maintenance managers and technicians, enabling customers to:

• Increase asset availability by preventing equipment breakdowns through preventive and predictive maintenance

• Save money by doing less reactive maintenance work, reducing inventory costs and planning maintenance work more effectively

• Reduce safety incidents with improved tracking and reporting of safety walkthroughs and audits

According to Jarrod Kipp, North America Supply Process Transformation Manager at Duracell, Inc., “Moving to MaintainX was one of the smoothest integrations I’ve ever seen in my career. We wanted to design a process that complemented our SAP technology, and MaintainX really understood exactly how to fit in. The store room associates now have a tool that’s a lot easier to use for looking up parts. We’re looking at savings of almost $50,000 per year in inventory variability.”

MaintainX has also been selected to become a member of the SAP.iO Foundry New York 2023 program focused on innovation in supply chain management. During the 5-month program, MaintainX will work to build and develop a long-term partnership with SAP by defining joint use cases, product integration and exploring business development opportunities.

SAP Store, found at store.sap.com, delivers a simplified and connected digital customer experience for finding, trying, buying and renewing more than 2,300 solutions from SAP and its partners. There, customers can find the SAP solutions and SAP-validated solutions they need to grow their business. And for each purchase made through SAP Store, SAP will plant a tree.

About MaintainX

MaintainX is a mobile-first maintenance and asset management platform built for the new industrial workforce.

It empowers frontline teams to more efficiently manage work orders, assets, parts inventory, purchase orders and more, reducing unexpected downtime and boosting production capacity. Today, MaintainX powers operational excellence for 6,000+ customers around the world, including ABInBev, Duracell, and Univar.

SAP and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP SE in Germany and other countries. Please see https://www.sap.com/copyright for additional trademark information and notices. All other product and service names mentioned are the trademarks of their respective companies.

For more information on MaintainX, please visit our website.

Contacts

For more information, press only:
Tyler Hufstetler, Head of Partnerships, MaintainX

press@getmaintainx.com

CALGARY, Alberta–(BUSINESS WIRE)–#fintech–Zenbase, offering Canada’s only automated rent reporting and most popular split rent payments, is pleased to announce a partnership with unitii corp., a premier provider of residential property management services in Alberta. This collaboration aims to revolutionize the renting experience by offering residents the combined benefits of rent reporting for building credit and the option to split rent, facilitating easier budgeting.

Zenbase has gained recognition for its innovative credit-building solutions, empowering individuals to enhance their financial well-being. Through its solution, Zenbase enables users to report their rental payments automatically to Equifax, allowing them to establish or strengthen their creditworthiness.

Unitii is a trusted name in the real estate industry. By joining forces with Zenbase, unitii further enhances its suite of resident-focused offerings. In addition to traditional property management services, residents now have access to the option of splitting their rent payments, promoting more manageable budgeting and financial planning.

The partnership between Zenbase and unitii aligns perfectly with the ever-evolving needs of modern renters. By combining the power of credit building through rent reporting and the flexibility of splitting rent, residents will enjoy newfound financial freedom and the ability to achieve their long-term financial goals.

“We are excited to partner with unitii and bring our industry-leading credit-building technology to their residents,” said Koray Can Oztekin of Zenbase. “We believe that everyone should have the opportunity to build a strong credit history, and this partnership will provide unitii’s residents with the tools they need to take control of their financial futures.”

Lizaine Wheeler, COO of unitii corp, expressed her enthusiasm about the partnership, stating, “unitii is committed to delivering exceptional living experiences for our residents. By teaming up with Zenbase, we are not only enhancing our services but also empowering our residents with the opportunity to improve their credit scores and create better financial prospects for themselves. We are thrilled to provide our residents with this valuable resource.”

About Zenbase

Zenbase, a leader in rewarding and flexible rent payments, is committed to economic inclusion that fosters financial empowerment for renters. Our solutions aid the financial wellness of renters while improving operational efficiency for property managers. Rent is usually due on the first of the month, but that doesn’t align with most people’s bi-monthly pay cycle. Zenbase fixed that misalignment by offering residents the option to split their rent into two monthly payments and provide other financial health solutions such as rent reporting. For more information on how to get started with Zenbase or CreditBuilder, visit myzenbase.com.

About unitii corp.

At unitii our focus is reimagining property ownership and enhancing residents experience. Owning properties should be seamless and stress free. Our senior leadership team has combined their decades of experience, managing over 60,000 apartments to create a platform that transforms the rental journey. We make it a priority to stay up to date on all the latest market information, technology, and talent that will provide best in class property management. We live and breathe Property Management! For more information visit unitii.ca.

Contacts

Zenbase Press Contact:
Philipp Postrehovsky

philipp@myzenbase.com
604.657.2775

Unitii Property Management Press Contacts:
Lizaine Wheeler

lizaine@unitii.ca
825-910-8258

Lisa Russell

lisa@unitii.ca