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Real Estate & E-Commerce Split Corp. Files Initial Public Offering – GlobeNewswire

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CALGARY, Alberta, Oct. 07, 2020 (GLOBE NEWSWIRE) — Middlefield Group, on behalf of Real Estate & E-Commerce Split Corp. (the “Company”), is pleased to announce that it has filed a preliminary prospectus in relation to an initial public offering of preferred shares and class A shares.

The Company will invest in a diversified, actively managed portfolio of dividend-paying securities of issuers operating in the real estate or related sectors, including real estate investment trusts, that the Advisor (as defined below) believes are well-positioned to benefit from low interest rates, the rapid adoption of e-commerce, the growth of data infrastructure as well as attractive valuations in various areas of the real estate sector.

The Company’s investment objectives for the:

Class A shares are to provide holders with:

(i) non-cumulative monthly cash distributions; and
(ii) the opportunity for capital appreciation through exposure to the portfolio

Preferred shares are to:

(i) provide holders with fixed cumulative preferential quarterly cash distributions; and
(ii) return the original issue price of $10.00 to holders upon maturity

The initial target distribution yield for the class A shares is 8% per annum based on the original subscription price (or $0.10 per month or $1.20 per annum).

The initial target distribution yield for the preferred shares is 5.25% per annum based on the original subscription price (or $0.13125 per quarter or $0.525 per annum).

Middlefield Capital Corporation (the “Advisor”) will provide investment management advice to the Company.

Prospective purchasers investing in Real Estate & E-Commerce Split Corp. have the option of: (i) paying for preferred shares or class A shares in cash; or (ii) units comprised of one preferred share and one class A share or class A shares by exchanging securities of issuers listed in the preliminary prospectus. Prospective purchasers under the exchange option are required to deposit their exchange eligible securities prior to 5:00 p.m. (Toronto time) on October 27, 2020, in the manner described in the preliminary prospectus.

The syndicate of agents is being co-led by CIBC Capital Markets and RBC Capital Markets, and includes BMO Capital Markets, Scotiabank, TD Securities Inc., Canaccord Genuity Corp., National Bank Financial Inc., Industrial Alliance Securities, Manulife Securities Incorporated, Raymond James Ltd., Richardson GMP, Middlefield Capital Corporation, Echelon Wealth Partners Inc. and Mackie Research Capital Corporation.

For further information, please visit our website at www.middlefield.com or contact Nancy Tham or Michael Bury in our Sales and Marketing Department at 1.888.890.1868.

A preliminary prospectus containing important information relating to these securities has been filed with securities commissions or similar authorities in each of the provinces of Canada. The preliminary prospectus is still subject to completion or amendment. Copies of the preliminary prospectus may be obtained from any of the agents named above using the contact information for such agent. There will not be any sale or any acceptance of an offer to buy the securities until a receipt for the final prospectus has been issued.

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Whatever the future holds, how we use real estate will change | RENX – Real Estate News EXchange

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There is a certain desperation in the air these days for evidence that speaks to any kind of return to normalcy in the near future. As I wrote last time, it promises to be a long, dark winter.

The only thing that can make it more bearable is some glimpse of light in the distance.

With this in mind, I listened in on the recent 2020 Ottawa Real Estate Forum (virtual edition). It featured a lot of talk, but not many facts to hang your hat on.

Other articles on the RENX site offer a recap of the Forum’s highpoints, so I won’t repeat them here, beyond the following:

* A hybrid model of work from home and work from the traditional office is likely to prevail versus one becoming overly dominant at the expense of the other;

* The pandemic (as I have noted before) is not a harbinger of doom for most segments of commercial real estate. Rather, it is an accelerant for those paradigm shifts that were already underway – such as the federal government already looking to reduce its real estate footprint across the country by about 25 per cent over the next couple of decades;

* Issues previously present in a large urban market, such as Ottawa’s pressing need for new residential rental stock, haven’t disappeared and will remain a factor. The fix for the issue, however, may now take a modified form thanks to the pandemic-driven shifts in how people will choose to live and work.

I don’t profess to have a crystal ball, but if these conclusions prove true, I see the following consequences:

Middle managers redundant?:

Those management types who like to keep a constant eye on everyone haven’t been able to do so with remote working.

We’ve had more than enough time now to gauge the true impact on productivity, creativity and team cohesion of a dispersed team. It works well for some and not so for others.

Why? There are two reasons – how any one person’s brain is wired and what type of work they do.

What the surge in remote working may prove for many workplaces is that if you have in place a proper workflow and communications structure and performance metrics (to flag underachievers), along with competent people in the right positions, middle management may prove to be an unnecessary layer of the org chart that just doesn’t add much value for the  money.

Demand for more flexible housing designs:

Working from home from the kitchen table or the edge of the bed loses its lustre rather quickly, particularly if the kids are attending school remotely.

Families need the flexibility of a housing design that may offer two segregated spaces for a proper home office, without having to purchase a home of 4,000 square feet or more to get it.

Upward pressure on salaries:

But even so, incorporating this additional space into a design will still mean a somewhat larger home than what a family would have normally required if the breadwinners worked away from home at an office. Larger homes, of course, cost more.

This may mean that remote workers may come to demand higher salaries and jump ship as needed to find an employer willing to accommodate.

Standard office designs will no longer cut it:

The recent trend of packing more people into a smaller footprint likely will be at an end. Either because it’s a government-mandated requirement or because people will demand it, there will have to be more square footage assigned to an individual.

If a large proportion of the workforce is working from home full-time or even part-time, this may not be a problem.

But . . . people will have new expectations and awareness around personal hygiene now, too. They say it only takes about 30 days to develop a new habit and we are now seven months and counting into the pandemic.

This means things like the traditional office bathroom design may have to go.

Demand for more space between sinks and urinals, and the replacement of standard entry doors with the kind of barrier-free entrances we see in airport and shopping mall bathrooms, may become the norm. All this will increase space requirements and demand a reno.

What the dollars and cents say

Regardless of what the next year or two holds for us, this much is certain – people continue to buy, sell and invest in real estate.

This is a highly speculative industry, after all, driven by two things – most of our lives are spent under one kind of roof or another, and how we design and use space has never remained the same.

I track commercial transaction data in Ontario and the numbers continue to suggest resilient levels of activity. Looking at transactions worth $10 million or more, we have seen 261 transactions across the province from the beginning of March 2020, versus 353 in the same period in 2019.

The total dollar value of these transactions is down almost 18 per cent – from about $10.6 billion to $8.7 billion. While there has been a decline, there are still transactions taking place.

Meanwhile, fuelled in part by bargain basement interest rates, housing markets in many regions continue to be on a tear. Ottawa is a prime example.

Some anecdotal reports attribute this to a flight to safety, as people flee the urban core for the perceived safety of more space in the ‘burbs or even adjacent rural areas – why continue to live in a congested city if you’re going to be working from home?

This may account for some of the activity and price inflation we have seen in, for example, Ottawa and nearby rural communities. But, it by no means accounts for all of it – bidding wars on properties are happening even in old central urban neighbourhoods like mine.

It remains to be seen how sustainable these current spikes and patterns in residential resale activity will be, but these price increases are not just in the large cities. In recent data from across the country, the greatest percentage increases were in New Brunswick.

Whether it’s the commercial or the residential end of things, we can only continue to wait and see and let the markets speak for themselves.

To discuss this or any valuation topic in the context of your property, please contact me at jclark@regionalgroup.com. I am always interested in your feedback and suggestions for future articles.

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Brian Buffini Presents “Bold Predictions” for the 2021 Real Estate Market – GlobeNewswire

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CARLSBAD, Calif., Oct. 26, 2020 (GLOBE NEWSWIRE) — Real estate industry legend, Brian Buffini, will look at the issues, risks and opportunities for the 2021 real estate market in his latest Bold Predictions webcast. This year’s online broadcast will provide expert insight on what’s to come in 2021 to the real estate market based on the most up-to-date research, including a market analysis from Dr. Lawrence Yun, the Chief Economist at the National Association of REALTORS®.

The online broadcast, “2021 Real Estate Market Outlook,” will air on Tuesday, December 8, 2020 at 9 a.m. (PST) and will highlight:

  • What real estate agents and consumers can expect to see in the 2021 housing market
  • An update from Dr. Lawrence Yun, Chief Economist at the National Association of REALTORS®
  • How agents can stay focused and on track in uncertain times
  • And much more!

“I have always been committed to observing changing trends, interviewing top market experts, and, above all, providing much-needed clarity,” says Buffini. “The Bold Predictions 2021 broadcast will drill-down on what the real estate market is going to look like on the heels of the covid-19 health crisis and the presidential election, and help real estate agents and consumers navigate the market, the opportunities, and the uncertainties.”

Buffini & Company is the largest real estate coaching and training company in North America. Each year, Brian Buffini reveals his top predictions for the national market and the real estate industry as a whole in a broadcast aired exclusively online. His track record has been remarkable; among other events, he predicted the Great Recession, the impending automation of the industry, and the inventory shortage. If you are involved in the real estate industry, own a home or know someone who is looking to buy, this broadcast is a must-watch. Sign up to claim your digital seat for this free broadcast at www.buffiniandcompany.com/bold2021.

###

About Buffini & Company

Buffini & Company is the largest coaching and training company in North America. Founded by real estate legend and master motivator Brian Buffini, the company provides a unique and highly-effective lead generation system. Buffini & Company’s comprehensive business coaching, training programs and cutting-edge content have helped more than 3 million professionals in 37 countries improve their business, increase net profit and enhance their quality of life. Buffini & Company is headquartered in Carlsbad, California. For more information, please email media@buffiniandcompany.com.

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Courtney Klepsch, Director of Marketing Content & Communication
Buffini & Company
(760) 827-2101 x2149
courtneyk@buffiniandcompany.com

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Locals helping locals: Williams Lake real estate business celebrates 6 years! – Williams Lake Tribune

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This November, Interior Properties is celebrating six years serving Williams Lake. Owner Susan Colgate says it’s thanks to tremendous community support, dedicated agents and staff, and lots of hard work.

Colgate became a licensed real estate agent in 2007, earned her property management license in 2008, and has always treated the profession as a full-time job.

“I get up every day and go to work for my clients, this is my passion.”

After years working for other agencies, Colgate founded Interior Properties to customize the service she could offer the community. The local business brings together a wealth of resources including property managers, residential and commercial real estate agents, all rooted in Williams Lake. With so much experience in one office and amazing agents to work with, Colgate can help clients navigate all aspects of buying or selling real estate.

“I’m also a homeowner and business owner with deep ties to Williams Lake, so I have plenty of personal experience to share with residential and commercial clients.”

A fantastic community

Colgate moved to Williams Lake over 20 years ago, and says it’s been the perfect place to raise her four children.

“It’s a fantastic community to raise a family,” says Colgate, who appreciates the endless outdoor activities, team sports and bustling community events calendar. “The community is so great at looking out for one another.”

Whether it’s sponsoring minor hockey teams, supporting the Boys and Girls Club, pulling together to help a neighbour or supporting the local Rotary club, Colgate says Interior Properties does their part to help out.

“We try to be involved as we can,” she says.

Being an independent real estate agency means the REALTORS® at Interior Properties are free to donate to charities and sponsor local groups of their choice. It also gives them flexibility to adapt their services to the local market.

“We’re in Williams Lake, and this area is our sole focus. We’re not spread thin across the province, and we’re devoted to the local community.”

Interior Properties Real Estate provides commercial and residential real estate services, as well as property management, to Williams Lake and the surrounding communities. Browse available listings at susancolgate.com, get in touch by emailing colgatesusan@gmail.com or stop by in person at 2-25 South Fourth Ave. in Williams Lake.. Follow Susan on Facebook and Instagram for the latest property listings and great real estate tips!

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