Acquisition of 10 active-living properties comprising 370 units with an average age of approximately 4 years grows the overall number of suites in the Company’s portfolio by almost 70% Doubles exposure to Moncton, NB, one of Canada’s fastest growing rental markets with 8.7% year-over-year rent growth Attractive acquisition cap rate of approximately 5.0% expected to… [Read More]

HALIFAX, NS, Nov. 3, 2021 /CNW/ – NexLiving Communities Inc. (TSXV: NXLV) (“NexLiving” or the “Company”) announced today the results for the quarter ended September 30, 2021. Record rental revenue nearly doubled to $2.0 million and net operating income (“NOI”) of $1.2 million represents a +111% year-over-year increase and an NOI margin of 59.9%. On a same portfolio… [Read More]

HALIFAX, NS, Oct. 19, 2021 /CNW Telbec/ – NexLiving Communities Inc. (TSXV: NXLV) (“NexLiving” or the “Company”) is pleased to announce the appointment of Mr. Bill Hennessey to its Board of Directors. Mr. Hennessey brings his deep knowledge of the Atlantic real estate market, and expertise in secondary markets, through his position as Managing Director for Colliers’… [Read More]

HALIFAX, NS, Sept. 15, 2021 /CNW/ – NexLiving Communities Inc. (TSXV: NXLV) (“NexLiving” or the “Company”) announced today that it will be amending the terms of its September 2019 convertible debentures, due September 30, 2021 (the “Debentures”), to reflect a $0.20 conversion price and an agreement by Debenture holders to convert their Debentures into equity as part of… [Read More]

HALIFAX, NS, Aug. 31, 2021 /CNW/ – NexLiving Communities Inc. (TSXV: NXLV) (“NexLiving” or the “Company”) announces that the board of directors of the Company has approved and declared a dividend of $0.0005 per common share for the quarter ending September 30, 2021, representing $0.002 per share on an annualized basis. The dividend is payable… [Read More]

HALIFAX, NS, June 30, 2021 /CNW/ – NexLiving Communities Inc. (TSXV: NXLV) (“NexLiving” or the “Company”) announced today that it has completed the previously announced acquisition of Village View No. 4 Limited Partnership, whose sole asset is a 47 unit multi-family rental property located at 49 Noel Avenue, Saint John, New Brunswick ( “49 Noel” or… [Read More]

NexLiving continues to deliver on the strategy of acquiring premium properties within its key 55+ active living demographic Acquisition of 47 units in Saint John will grow the overall number of suites in the Company’s portfolio by approximately 9% Attractive cap rate of 5.1% and mortgage rate of 1.95% Building was constructed in 2020 and… [Read More]

HALIFAX, NS, June 1, 2021 /CNW/ – NexLiving Communities Inc. (TSX.V: NXLV) (“NexLiving” or the “Company”) commenced trading on the TSXV under the trading symbol “NXLV” today. The Company previously announced that it was changing its name from ViveRE Communities Inc. to NexLiving Communities Inc. and its trading symbol from “VCOM” to “NXLV”. There is… [Read More]