SmartCentres

SmartCentres REIT to Release 2023 First Quarter Results and Host Conference Call

Retrieved on: 
Monday, April 10, 2023
TSX, SmartCentres, Trust, Real estate investing

TORONTO, April 10, 2023 (GLOBE NEWSWIRE) -- SmartCentres Real Estate Investment Trust (“SmartCentres” or the “Trust”) (TSX: SRU.UN) announced today that it will issue its financial results for the three months ended March 31, 2023 on Wednesday, May 10, 2023.

Key Points: 
  • TORONTO, April 10, 2023 (GLOBE NEWSWIRE) -- SmartCentres Real Estate Investment Trust (“SmartCentres” or the “Trust”) (TSX: SRU.UN) announced today that it will issue its financial results for the three months ended March 31, 2023 on Wednesday, May 10, 2023.
  • SmartCentres will hold a conference call on Thursday, May 11, 2023 at 3:00 p.m. (ET).
  • A recording of this call will be made available Thursday, May 11, 2023, beginning at 8:30 p.m. (ET) through to 8:30 p.m. (ET) on Thursday, May 18, 2023.
  • To access the recording, please call 1-855-201-2300, enter the conference access code 16803# and then key in the playback access code 0113265#.

SmartStop Self Storage Announces 22nd Property in the Greater Toronto Area

Retrieved on: 
Thursday, December 29, 2022
Other Construction & Property, Commercial Building & Real Estate, Construction & Property, REIT, Aurora, SmartCentres, Acquisition, Team SmartStop, Greater Toronto Area, Town, White Rose

SmartStop Self Storage REIT, Inc. (“SmartStop” or the “Company”), a self-managed and fully integrated self storage company, announced today that it has increased its owned and managed Canadian self storage portfolio to 22 locations.

Key Points: 
  • SmartStop Self Storage REIT, Inc. (“SmartStop” or the “Company”), a self-managed and fully integrated self storage company, announced today that it has increased its owned and managed Canadian self storage portfolio to 22 locations.
  • The 22nd property in the portfolio is the newly developed facility located in the Town of Aurora in the Greater Toronto Area of Ontario.
  • “When we entered the Canadian self storage market in 2010 with our first acquisition in Ontario, it was an exciting opportunity to expand the SmartStop brand to an attractive self storage market that was ripe with opportunity,” said H. Michael Schwartz, Chairman and CEO of SmartStop.
  • We look forward to expanding SmartStop’s footprint in Ontario and other provinces and using the SmartStop platform to further increase stockholder value.”

First Capital REIT Reaffirms Value-Creation Strategy

Retrieved on: 
Tuesday, October 11, 2022
Slate, Ewing, Time, TSX, Epidemic, RioCan Real Estate Investment Trust, Lists of companies, First Capital REIT, Real, REIT, FCR, Capital, CT, Choice Properties REIT, Compliance, Acquisition, Board, Tax, Segal (company), Director, Trustee, LLP, RBC Capital Markets, SmartCentres, Real estate, Risk management, Security (finance), Tobacco, First London

(1) Retail REITs referenced by the Segal Group include: Choice Properties REIT, Crombie REIT, CT REIT, RioCan REIT, Slate Grocery REIT and SmartCentres REIT.

Key Points: 
  • (1) Retail REITs referenced by the Segal Group include: Choice Properties REIT, Crombie REIT, CT REIT, RioCan REIT, Slate Grocery REIT and SmartCentres REIT.
  • The Board will continue to evaluate First Capital's governance and strategy in a manner that best serves all unitholders.
  • RBC Capital Markets is acting as financial advisor to First Capital.
  • About First Capital REIT (TSX: FCR.UN)
    First Capital owns, operates and develops grocery-anchored, open-air centres in neighbourhoods with the strongest demographics in Canada.

SmartStop Self Storage REIT, Inc. to Acquire Strategic Storage Growth Trust II, Inc. Portfolio in $280 Million Transaction

Retrieved on: 
Thursday, February 24, 2022
Professional Services, Retail, Commercial Building & Real Estate, Specialty, Finance, Construction & Property, REIT, SmartCentres, Partnership, Prospectus, Greater Toronto Area, Self storage, SEC, Name, Risk, Tripura Merger Agreement, Failure, Security (finance), Team SmartStop, NAV, THE, SS, REIT, Company, Bass, Reading, Private Securities Litigation Reform Act, LLC, U.S. Securities and Exchange Commission, Form, LLP, SSGT, Person, Acquisition, Multimedia, Venable LLP, Venable, DRP, Section 10 of the Canadian Charter of Rights and Freedoms, Securities Act of 1933, Attention, PARTIES, Sumathi Best Television Current Reporting Award, Communication, Proxy, Airline, Bookkeeping, Mergers and acquisitions, SmartStop Self Storage REIT, Inc. (SmartStop), Strategic Storage Growth Trust II, Inc., SMARTSTOP SELF STORAGE REIT, INC. (SMARTSTOP), STRATEGIC STORAGE GROWTH TRUST II, INC.

The total SSGT II operating portfolio, including the operating joint venture property, currently represents approximately 8,500 self storage units and 900,000 net rentable square feet.

Key Points: 
  • The total SSGT II operating portfolio, including the operating joint venture property, currently represents approximately 8,500 self storage units and 900,000 net rentable square feet.
  • Since all of the SSGT II portfolio is already branded as SmartStop Self Storage, there will be total continuity of operations throughout the process."
  • About SmartStop Self Storage REIT, Inc. (SmartStop)
    SmartStop is a self-managed REIT with a fully integrated operations team of approximately 420 self storage professionals focused on growing the SmartStop Self Storage brand.
  • About Strategic Storage Growth Trust II, Inc.
    SSGT II focuses on opportunistic self storage properties.

SmartCentres Real Estate Investment Trust Releases Fourth Quarter and Year End Results for 2021

Retrieved on: 
Wednesday, February 16, 2022
Aurora, Income, International Financial Reporting Standards, Pointe-Claire, Trust, Legislation, SEDAR, SmartCentres, Barrie City Council, Transport, International, ACFO, Architecture, Ownership, NOI, Transaction, Council, Press release, Real estate investment trust, Highway, Retirement, Mission statement, Partnership, Acquisition, Team SmartStop, Growth, Laval Centre, Oakville North—Burlington, COVID-19, FFO, Security (finance), Animal, Property management, Self storage, Silviculture, Revera

Construction began in April 2021, and opening is anticipated in July 2022.

Key Points: 
  • Construction began in April 2021, and opening is anticipated in July 2022.
  • The site plan application was resubmitted in March 2021 and again in July 2021 with approvals expected in Q1 2022.
  • SmartCentres Real Estate Investment Trust is one of Canadas largest fully integrated REITs, with a best-in-class portfolio featuring 174 strategically located properties in communities across the country.
  • The fourth and fifth sold-out phases representing 1,026 units are currently under construction and are expected to close in 2023.

Local Logic Selected to Berkadia's BeEngaged Network

Retrieved on: 
Wednesday, February 16, 2022
Logic, CEO, AI, Owner-operator, Transport, Berkshire Hathaway, SmartCentres, City, Travel, Built environment, Property technology, Growth, Investment, ESG, Industry, Instrumentation, Real estate, Video game console, Jefferies Financial Group

MONTREAL, Feb. 16, 2022 /PRNewswire-PRWeb/ -- Local Logic , a leading PropTech software provider quantifying location at scale to drive decisions in the built environment, today announced it has been selected to Berkadia's BeEngaged Network to help redefine the commercial real estate space.

Key Points: 
  • MONTREAL, Feb. 16, 2022 /PRNewswire-PRWeb/ -- Local Logic , a leading PropTech software provider quantifying location at scale to drive decisions in the built environment, today announced it has been selected to Berkadia's BeEngaged Network to help redefine the commercial real estate space.
  • Tap into Berkadia's investment sales expertise to get valuable feedback on product-market fit and industry needs as Local Logic further develops its location insights and automated market report.
  • "Local Logic embodies the type of startups we carefully select to join the BeEngaged network," said Bryce Nyberg, Director - Berkadia Digital & BeEngaged at Berkadia.
  • "Our acceptance to this prestigious program validates our value for commercial real estate players, from owner-operators to capital providers," said Vincent-Charles Hodder, CEO and co-founder at Local Logic.

Local Logic Partners with Coldwell Banker Bain to Bring Location Insights to Consumer Base

Retrieved on: 
Wednesday, February 2, 2022
CEO, Marketing, Restaurant, Property technology, Map, Pacific Northwest, Logic, AI, Partnership, Built environment, SmartCentres, City, School, Travel, Education, Demography, Video game console, Retail

MONTREAL, Feb. 2, 2022 /PRNewswire-PRWeb/ -- Local Logic , a leading PropTech software provider quantifying location at scale to drive decisions in the built environment, today announced it has partnered with Coldwell Banker Bain to bring unique location insights to their consumer base.

Key Points: 
  • MONTREAL, Feb. 2, 2022 /PRNewswire-PRWeb/ -- Local Logic , a leading PropTech software provider quantifying location at scale to drive decisions in the built environment, today announced it has partnered with Coldwell Banker Bain to bring unique location insights to their consumer base.
  • The Demographic Data API provides comprehensive information about any location, including household income and size, education, and more.
  • Local Search and Local Maps enable homebuyers to rapidly find the property whose location best matches their lifestyle.
  • "Partnering with Local Logic unlocks a vast trove of contextual location data for our customers across the Pacific Northwest," said Scott Hannaman, Executive Vice President of Marketing at CB Bain.

Covalon Announces Appointment of Interim CFO

Retrieved on: 
Friday, January 14, 2022
News, COV, Information, Trust, Rotman School of Management, SmartCentres, Director, University, Chartered accountant, Toronto Community Housing, COVID-19, Institute of Corporate Directors, Knowledge, Growth, CAPREIT, Board of directors, Chartered Professional Accountant, Industry, Chartered Financial Analyst, Company, TSX Venture Exchange, Multimedia, Certified Public Accountant, University of Toronto, Risk, Institute, Board, Pharmaceutical industry

MISSISSAUGA, ON, Jan. 14, 2022 /PRNewswire/ - Covalon Technologies Ltd. (the "Company" or "Covalon") (TSXV: COV) (OTCQX: CVALF), an advanced medical technologies company, today announced that it has appointed Jason F. Gorel as its interim Chief Financial Officer.

Key Points: 
  • MISSISSAUGA, ON, Jan. 14, 2022 /PRNewswire/ - Covalon Technologies Ltd. (the "Company" or "Covalon") (TSXV: COV) (OTCQX: CVALF), an advanced medical technologies company, today announced that it has appointed Jason F. Gorel as its interim Chief Financial Officer.
  • Mr. Gorel has been appointed interim Chief Financial Officer while the Company undertakes a search for a new Chief Financial Officer to assist Covalon with its next phase of growth.
  • "Jason brings financial leadership skills, operational experience, and knowledge of asset management and information systems to Covalon," said Brian Pedlar, Chief Executive Officer of Covalon.
  • Mr. Gorel has more than 20 years of senior financial leadership experience in both the private and public sectors.

SmartCentres Announces Closing of Acquisition of SmartVMC City Centre Lands, Becomes Largest Landowner in the Vaughan Metropolitan Centre

Retrieved on: 
Thursday, December 23, 2021
Press release, TSX, Income, Legislation, SmartCentres, Real estate investment trust, REIT, Ownership, City centre, CEO, Vaughan Metropolitan Centre station, Growth, Acquisition, COVID-19, Penguin Group, Trust, Downtown, School, Angelo Gordon, Company, Vaughan Metropolitan Centre, GLOBE, Transport, Property management, Real estate, Bank

This acquisition more than doubles SmartCentres holdings in SmartVMC, consolidating ownership of the full 105-acre, 20 million square foot development property under SmartCentres and The Penguin Group of Companies.

Key Points: 
  • This acquisition more than doubles SmartCentres holdings in SmartVMC, consolidating ownership of the full 105-acre, 20 million square foot development property under SmartCentres and The Penguin Group of Companies.
  • By virtue of this transaction, SmartCentres has become the largest landowner in Vaughans rapidly growing Downtown.
  • SmartCentres is building a modern world-class City Centre, directly connected to downtown Toronto via the TTCs Vaughan Metropolitan Centre Subway Station, located at the centre of the property.
  • SmartLiving, SmartCentres wholly owned in-house residential development platform, is actively developing thousands of residential units at SmartVMC.

SmartCentres Announces Disposition of Non-Core Asset in Maple Ridge B.C.

Retrieved on: 
Monday, December 13, 2021
Angelo Gordon, IFRS, Growth, Ownership, Sale, Income, COVID-19, Acquisition, Press release, SmartCentres, CEO, Transport, Legislation, Trust, GLOBE, TSX, Bank

TORONTO, Dec. 13, 2021 (GLOBE NEWSWIRE) -- SmartCentres Real Estate Investment Trust (SmartCentres or the REIT) (TSX:SRU.UN), announces the disposition of its non-core enclosed mall property, Haney Place Mall, in Maple Ridge, British Columbia.

Key Points: 
  • TORONTO, Dec. 13, 2021 (GLOBE NEWSWIRE) -- SmartCentres Real Estate Investment Trust (SmartCentres or the REIT) (TSX:SRU.UN), announces the disposition of its non-core enclosed mall property, Haney Place Mall, in Maple Ridge, British Columbia.
  • The property was sold at a sub 5% capitalization rate, representing a premium in excess of 30% over IFRS value.
  • The significant gains realized from the sale of this property reflect value embedded in the SmartCentres portfolio as a whole, said Mitchell Goldhar, Executive Chairman and CEO of SmartCentres.
  • SmartCentres continues to focus on enhancing the lives of Canadians by planning and developing complete, connected, mixed-use communities on its existing retail properties.