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Morguard Corporation Announces Renewal of Normal Course Issuer BidGP0|#f6ee19df-6c3a-4081-bd74-668207df6964;L0|#0f6ee19df-6c3a-4081-bd74-668207df6964|Morguard;GTSet|#bbd2a0ca-f457-44e3-b106-3c8139b9e1faGP0|#14ddfd02-772e-4184-813f-3edbb2e94651;L0|#014ddfd02-772e-4184-813f-3edbb2e94651|Morguard Corporation;GTSet|#08f799fb-3b4e-446d-9e79-1b6ddfdd40a2;GP0|#50f77e71-a149-46fd-90c2-9f738ea9df00;L0|#050f77e71-a149-46fd-90c2-9f738ea9df00|Real Estate Investment2017-09-19T04:00:00Z<p> Morguard Corporation (MRC:TSX) ("Morguard") announced today that the Toronto Stock Exchange (the "TSX") has accepted a notice filed by Morguard of its intention to make a normal course issuer bid through the facilities of the TSX and/or alternative Canadian trading systems.</p><font color="#000000" face="Times New Roman" size="3"> </font><p>The notice provides that Morguard may, during the twelve-month period commencing September 22nd, 2017 and ending September 21st, 2018 purchase up to 592,415 common shares ("Common Shares") in total, being approximately 5% of the issued and outstanding Common Shares.  The daily repurchase restriction for the Common Shares is 1,000. Common Shares purchased under the normal course issuer bid will be cancelled.  The price that Morguard will pay for any such Common Shares will be the market price at the time of acquisition. Management of Morguard will determine the actual number of Common Shares that may be purchased and the timing of any such purchases, subject to compliance with TSX guidelines.  </p><font color="#000000" face="Times New Roman" size="3"> </font><p>Under its previous normal course issuer bid, Morguard was approved to purchase up to 596,784 Common Shares.  Morguard purchased 88,073 Common Shares for cancellation during the last twelve months at an average cost per share of $178.17 through the facilities of the TSX and/or alternative Canadian trading systems. As of September 12, 2017 there were 11,848,309 Common Shares outstanding. Morguard's average daily trading volume for the prior six months is 1,552.</p><font color="#000000" face="Times New Roman" size="3"> </font><p>Morguard believes that its Common Shares have been trading in price ranges which do not adequately reflect their value in relation to the business of Morguard and its future business prospects. As a result, depending upon future price movements and other factors, Morguard believes that its outstanding Common Shares may represent an attractive investment.  Furthermore, the purchases are expected to benefit all persons who continue to hold Common Shares by increasing their proportionate interest in Morguard.</p><font color="#000000" face="Times New Roman" size="3"> </font><p><strong>About Morguard Corporation</strong></p><font color="#000000" face="Times New Roman" size="3"> </font><p>Morguard Corporation is a major North American real estate and property management company.  It has extensive retail, office, industrial, hotel and residential holdings owned directly and through its investment in Morguard Real Estate Investment Trust, Morguard North American Residential REIT and Temple Hotels Inc. Morguard also provides real estate management services to institutional and other investors.  Morguard's owned and managed portfolio of assets is valued at $21.9 billion.</p><font color="#000000" face="Times New Roman" size="3"> </font><p>For more information, visit <a href="/" target="_blank">Morguard.com</a>.</p><font color="#000000" face="Times New Roman" size="3"> </font><font color="#000000" face="Times New Roman" size="3"> </font><p><img src="https://rt.newswire.ca/rt.gif?NewsItemId=C7011&Transmission_Id=201709190930CANADANWCANADAPR_C7011&DateId=20170919" border="0" alt="" style="border-width:0px;margin:5px;width:1px;" /></p><font color="#000000" face="Times New Roman" size="3"> </font><p>For further information: Morguard Corporation, Paul Miatello, Chief Financial Officer, T 905-281-3800; Beverley G. Flynn, Secretary, T 905-281-3800</p><font color="#000000" face="Times New Roman" size="3"> </font>http://www.morguard.com/news-knowledge/posts/mrc-20170919-renewal-normalcourse-issuerbid
Morguard and Big Brothers Big Sisters Launch Second Annual BeYou Campaign to Help Young Women Increase Self-Esteem, Personal Growth and Self-WorthGP0|#f6ee19df-6c3a-4081-bd74-668207df6964;L0|#0f6ee19df-6c3a-4081-bd74-668207df6964|Morguard;GTSet|#bbd2a0ca-f457-44e3-b106-3c8139b9e1faGP0|#14ddfd02-772e-4184-813f-3edbb2e94651;L0|#014ddfd02-772e-4184-813f-3edbb2e94651|Morguard Corporation;GTSet|#08f799fb-3b4e-446d-9e79-1b6ddfdd40a2;GP0|#3e31cf64-7302-4306-b3fd-abaa24a28863;L0|#03e31cf64-7302-4306-b3fd-abaa24a28863|Property Management;GP0|#b5668b16-dbd3-469c-ab9c-37e83b5a0ae0;L0|#0b5668b16-dbd3-469c-ab9c-37e83b5a0ae0|Retail Leasing2017-09-18T04:00:00Z<font color="#000000" face="Times New Roman" size="3"> </font><p>Morguard has teamed up with Big Brothers Big Sisters for the second annual BeYou campaign to help young women across Canada increase self-esteem, personal growth and self-worth. The program will be rolled out from September 18-24, 2017, in the 21 enclosed owned and managed Canadian shopping centres in the Morguard real estate portfolio. A complete schedule of activities is available on the campaign website, <a href="http://www.beyougirl.ca/" target="_blank">beyougirl.ca</a>. </p><font color="#000000" face="Times New Roman" size="3"> </font><p>This is the second consecutive year Morguard and Big Brothers Big Sisters have partnered on BeYou. A key component in this year's campaign is a text to donate program implemented by Big Brothers Big Sisters, where the donor texts 'Imagine' to 45678 to make their $5.00 donation.</p><font color="#000000" face="Times New Roman" size="3"> </font><p>The successful inaugural campaign garnered favourable media attention as well as high levels of engagement and positive feedback from participants. This year's campaign aims to continue providing support and mentoring while increasing awareness of the issues facing young women across Canada.</p><font color="#000000" face="Times New Roman" size="3"> </font><p>"It is important for us to support the communities in which we operate. Our shopping centres act as a central hub for many families, providing a unique opportunity to reach local young women with our award-winning BeYou program," said K. Rai Sahi, Chairman and CEO of Morguard. "BeYou provides positive mentoring to girls during their formative years, encouraging them to celebrate their diversity and uniqueness. Morguard employees across Canada are proud to support the next generation of women with this important initiative."</p><font color="#000000" face="Times New Roman" size="3"> </font><p>Added Peter Coleridge, President and CEO of Big Brothers Big Sisters of Canada, "Giving young Canadian women the confidence to achieve more is at the very heart of mentoring and the very heart of the BeYou campaign. Girls who are mentored are less likely to be depressed or have social anxiety and we are proud to partner with Morguard because the BeYou campaign encourages positive mental health outcomes for young women."</p><font color="#000000" face="Times New Roman" size="3"> </font><p>Young women face difficult statistics, including the fact that girls' self-esteem typically peaks at the age of nine and only 14% of girls in grade ten say they are self-confident. The multi-faceted BeYou campaign is designed to provide young women with personal and professional development tools as they come of age in a media and technology-driven time.</p><font color="#000000" face="Times New Roman" size="3"> </font><p>Local ambassadors, free interactive workshops and events that cater specifically to young women in the community are planned at each participating Morguard owned and managed shopping centre. Campaign highlights include:</p><font color="#000000" face="Times New Roman" size="3"> </font><ul><font color="#000000" face="Times New Roman" size="3"> </font><li><p>Program Ambassador Tara Shannon: The award-winning Canadian singer-songwriter not only wrote the anthem for the BeYou campaign and shot a powerful video, but will perform at several launch events across Canada. The video can be found on the BeYou website, <a href="http://www.beyougirl.ca/" target="_blank">beyougirl.ca</a>.</p></li><font color="#000000" face="Times New Roman" size="3"> </font><li><p>Dream, Girl: Showcasing the stories of ambitious female entrepreneurs, Dream, Girl is a documentary that premiered in May 2016 at the White House and will be shown in Morguard shopping centres across Canada to inspire girls to follow their dreams. </p></li><font color="#000000" face="Times New Roman" size="3"> </font><li><p>Jump & BeYou: Girls are encouraged to take a selfie that captures them in a moment of exuberance and joy. </p></li><font color="#000000" face="Times New Roman" size="3"> </font><li><p>Social Media Hashtags and Messaging: The official hashtag across all platforms is #beyougirl. Morguard's twenty-one shopping centres have a social media reach of more than 1.8 million people across Canada.</p></li><font color="#000000" face="Times New Roman" size="3"> </font><li><p>Big Brothers Big Sisters text to donate: Big Brothers Big Sisters has implemented a text to donate program where the donor texts 'Imagine' to 45678 to make their $5.00 donation.</p></li><font color="#000000" face="Times New Roman" size="3"> </font></ul><font color="#000000" face="Times New Roman" size="3"> </font><p><strong>About BeYou</strong><br> BeYou is a national cause marketing campaign created to increase self-esteem and empower young women aged 9 to 16 years across Canada. Developed by Morguard and presented in its portfolio of 21 shopping centres, BeYou will give young women access to personal and professional development tools, while celebrating their growth, diversity and self-worth. In partnership with Big Brothers Big Sisters Canada, the program is offered in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario and Quebec.</p><font color="#000000" face="Times New Roman" size="3"> </font><p>A complete list of activities can be found at <a href="http://www.beyougirl.ca/" target="_blank">beyougirl.ca</a>, the digital hub for the BeYou campaign providing resources, workshop dates and inspirational messages.</p><font color="#000000" face="Times New Roman" size="3"> </font><p><strong>About Big Brothers Big Sisters </strong><br> Big Brothers Big Sisters facilitates life-changing relationships that inspire and empower children and youth to reach their potential, both as individuals and citizens. Big Brothers Big Sisters run an ongoing group mentoring program in almost all of Morguard's markets across the country. Go Girls!, for girls aged 12-14, focuses on physical activity, balanced eating and self-esteem. </p><font color="#000000" face="Times New Roman" size="3"> </font><p>According to Big Brothers Big Sisters, there are thousands of Little Sisters on wait lists for a Big Sister. This means that young Canadian females need, and want, a mentor. Morguard operates optimally located properties in communities across Canada that serve as a principle meeting place for young Canadian females. Their focus on females is inspired by the "ripple effect": research shows when women's equality is improved, economic and social conditions are improved for everyone. Since women account for slightly more than half of Canada's population, empowering women means making the most of their talent by giving girls the support they need. BeYou is an intelligent investment for Canada's future.</p><font color="#000000" face="Times New Roman" size="3"> </font><p><strong>About Morguard </strong><br> Morguard Corporation is a major North American real estate company.  It has extensive retail, office, industrial, multi–suite residential, and hotel holdings owned directly, or through its investment in Morguard REIT (TSX: MRT.UN), Morguard North American Residential REIT (TSX: MRG.UN) and Temple Hotels Inc. (TSX:TPH). Morguard also provides real estate management services to institutional and other investors. Morguard's owned and managed portfolio of assets is valued at $21.9 billion. Please visit <a href="/" target="_blank">www.morguard.com</a> or follow us on <a href="https://ca.linkedin.com/company/morguard" target="_blank">LinkedIn</a>.</p><font color="#000000" face="Times New Roman" size="3"> </font><font color="#000000" face="Times New Roman" size="3"> </font><p><img src="https://rt.newswire.ca/rt.gif?NewsItemId=C7414&Transmission_Id=201709181121CANADANWCANADAPR_C7414&DateId=20170918" border="0" alt="" style="border-width:0px;margin:5px;width:1px;" /></p><font color="#000000" face="Times New Roman" size="3"> </font><p>For further information: K. Rai Sahi, Chairman and Chief Executive Officer, 905-281-3800; Beverley G. Flynn, Vice President, General Counsel, 905-281-3800 or email <a href="mailto:corporatemarketing@morguard.com">corporatemarketing@morguard.com</a></p><p></p><font color="#000000" face="Times New Roman" size="3"> </font>http://www.morguard.com/news-knowledge/posts/2017-beyou
Morguard Reports No Significant Damage to Southeastern U.S. Portfolio after Hurricane IrmaGP0|#f6ee19df-6c3a-4081-bd74-668207df6964;L0|#0f6ee19df-6c3a-4081-bd74-668207df6964|Morguard;GTSet|#bbd2a0ca-f457-44e3-b106-3c8139b9e1faGP0|#14ddfd02-772e-4184-813f-3edbb2e94651;L0|#014ddfd02-772e-4184-813f-3edbb2e94651|Morguard Corporation;GTSet|#08f799fb-3b4e-446d-9e79-1b6ddfdd40a2;GP0|#3e31cf64-7302-4306-b3fd-abaa24a28863;L0|#03e31cf64-7302-4306-b3fd-abaa24a28863|Property Management;GP0|#a9eac8ae-d456-40d5-af28-dc36ae543995;L0|#0a9eac8ae-d456-40d5-af28-dc36ae543995|Morguard North American Residential REIT2017-09-15T04:00:00Z<font color="#000000" face="Times New Roman" size="3"> </font><p>The Morguard North American Residential Real Estate Investment Trust (the "REIT") (TSX: MRG.UN) and Morguard Corporation ("Morguard") (TSX: MRC) reported today that the company's portfolio in the southeastern United States did not sustain any significant damage as a result of Hurricane Irma.</p><font color="#000000" face="Times New Roman" size="3"> </font><p>"The safety and well-being of our residents, tenants and employees is paramount, so I am pleased to report that none of our properties in the region received any substantial damage as a result of the storm," said K. Rai Sahi, Chief Executive Officer of Morguard Corporation. "We continue to support the operations teams at our properties as they proceed with the cleanup process and assist our residents and tenants in the region."</p><font color="#000000" face="Times New Roman" size="3"> </font><p>The REIT's portfolio in the affected region comprises six multi-suite residential properties in Florida and an additional three in Georgia. Morguard Corporation owns seven retail centres, one multi-suite residential building and one office building in Florida. </p><font color="#000000" face="Times New Roman" size="3"> </font><p>Preliminary assessments indicate that none of the company's properties sustained any structural or significant damage or experienced any flooding as a result of the storm. All buildings have been reopened to provide residents with access to their homes and tenants with access to their businesses. Cleanup crews have been deployed at all properties to clear debris and perform minor repairs as necessary.</p><font color="#000000" face="Times New Roman" size="3"> </font><p>The lack of significant damage is due in part to the diligence of Morguard's operations teams, who worked in advance of the storm to take preventative measures and secure potential projectiles. Morguard employees remained in communication with residents and tenants before, during and after the storm, including establishing an emergency hotline to provide information and support.</p><font color="#000000" face="Times New Roman" size="3"> </font><p>Since the storm has passed, Morguard operations teams have been making steady progress assessing and clearing the properties affected by Irma. The on-site teams have been joined by many of the property residents, who are coming together as a community to help with the restoration of their homes.</p><font color="#000000" face="Times New Roman" size="3"> </font><p>"It has been remarkable to see the resiliency of our staff and residents, and my thanks go to everyone in Florida and Georgia whose hard work has helped minimize the impact of this storm," said John Talano, Vice President of the REIT. "Our thoughts are with the larger community who have been negatively affected by this and other recent storms as we come together to begin the recovery process."</p><font color="#000000" face="Times New Roman" size="3"> </font><p><strong>About Morguard North American Residential REIT</strong><br> </p><p>The REIT is an unincorporated, open-ended real estate investment trust which owns, through a limited partnership, interests in a portfolio of 16 Canadian residential apartment communities, located in Alberta and Ontario, and 30 U.S. low-rise and mid-rise, garden-style apartment communities located in Colorado, Texas, Louisiana, Illinois, Georgia, Florida, North Carolina, Virginia and Maryland consisting of approximately 13,000 residential suites. </p><font color="#000000" face="Times New Roman" size="3"> </font><p><strong>About Morguard Corporation</strong><br> </p><p>Morguard Corporation is a major North American real estate company.  It has extensive retail, office, industrial, multi–suite residential, and hotel holdings owned directly, or through its investment in Morguard REIT (TSX: MRT.UN), Morguard North American Residential REIT (TSX: MRG.UN) and Temple Hotels Inc. (TSX:TPH). Morguard also provides real estate management services to institutional and other investors. Morguard's owned and managed portfolio of assets is valued at $21.9 billion.</p><font color="#000000" face="Times New Roman" size="3"> </font><p>For more news, please visit <a href="/" target="_blank">www.morguard.com</a> or follow us on <a href="https://ca.linkedin.com/company/morguard" target="_blank">LinkedIn</a>.</p><font color="#000000" face="Times New Roman" size="3"> </font><font color="#000000" face="Times New Roman" size="3"> </font><p><img src="https://rt.newswire.ca/rt.gif?NewsItemId=C6822&Transmission_Id=201709150915CANADANWCANADAPR_C6822&DateId=20170915" border="0" alt="" style="border-width:0px;margin:5px;width:1px;" /></p><font color="#000000" face="Times New Roman" size="3"> </font><p>For further information: K. Rai Sahi, Chief Executive Officer, 905-281-3800; Paul Miatello, Chief Financial Officer, 905-281-3800 or email <a href="mailto:corporatemarketing@morguard.com">corporatemarketing@morguard.com</a></p><font color="#000000" face="Times New Roman" size="3"> </font>http://www.morguard.com/news-knowledge/posts/hurricane-irma-20170922
Morguard Announces Completion of $200 Million Offering of 4.333% Series C Senior Unsecured DebenturesGP0|#f6ee19df-6c3a-4081-bd74-668207df6964;L0|#0f6ee19df-6c3a-4081-bd74-668207df6964|Morguard;GTSet|#bbd2a0ca-f457-44e3-b106-3c8139b9e1faGP0|#14ddfd02-772e-4184-813f-3edbb2e94651;L0|#014ddfd02-772e-4184-813f-3edbb2e94651|Morguard Corporation;GTSet|#08f799fb-3b4e-446d-9e79-1b6ddfdd40a2;GP0|#50f77e71-a149-46fd-90c2-9f738ea9df00;L0|#050f77e71-a149-46fd-90c2-9f738ea9df00|Real Estate Investment2017-09-15T04:00:00Z<font color="#000000" face="Times New Roman" size="3"> </font><p>Morguard Corporation ("Morguard") (TSX: MRC) announced today that it has completed its previously announced issuance of $200 million aggregate principal amount of series C senior unsecured debentures. These debentures bear interest at a rate of 4.333% per annum and will mature on September 15, 2022. The debentures were offered on an agency basis by a syndicate of agents co-led by RBC Capital Markets and TD Securities Inc., with RBC Capital Markets acting as bookrunner. DBRS Limited has provided a rating of "BBB (low)" with a "Stable" trend relating to the debentures.</p><font color="#000000" face="Times New Roman" size="3"> </font><p>The net proceeds of the offering will be used for the repayment of first mortgage indebtedness, indebtedness under operating lines of credit and for general corporate purposes.</p><font color="#000000" face="Times New Roman" size="3"> </font><p>The offering was made pursuant to a prospectus supplement dated September 13, 2017 to Morguard's base shelf prospectus dated November 7, 2016.</p><font color="#000000" face="Times New Roman" size="3"> </font><p>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 news 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.</p><font color="#000000" face="Times New Roman" size="3"> </font><p><strong>About Morguard Corporation</strong></p><font color="#000000" face="Times New Roman" size="3"> </font><p>Morguard Corporation is a major North American real estate company.  It has extensive retail, office, industrial, multi–suite residential, and hotel holdings owned directly, or through its investment in Morguard REIT (TSX: MRT.UN), Morguard North American Residential REIT (TSX: MRG.UN) and Temple Hotels Inc. (TSX:TPH). Morguard also provides real estate management services to institutional and other investors. Morguard's owned and managed portfolio of assets is valued at $21.9 billion. </p><font color="#000000" face="Times New Roman" size="3"> </font><p><strong>Forward-looking information</strong></p><font color="#000000" face="Times New Roman" size="3"> </font><p>This news release contains forward-looking statements relating to Morguard's operations and the environment in which it operates, which are based on Morguard's expectations, estimates, forecasts and projections. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to control or predict. Therefore, actual outcomes and results may differ materially from those expressed in these forward-looking statements. Readers, therefore, should not place undue reliance on any such forward-looking statements. Further, a forward-looking statement speaks only as of the date on which such statement is made. Morguard undertakes no obligation to publicly update any such statement, to reflect new information or the occurrence of future events or circumstances, except as required by law.</p><font color="#000000" face="Times New Roman" size="3"> </font><p>For more information, visit <a href="/" target="_blank">Morguard.com</a></p><font color="#000000" face="Times New Roman" size="3"> </font><font color="#000000" face="Times New Roman" size="3"> </font><p><img src="https://rt.newswire.ca/rt.gif?NewsItemId=C1377&Transmission_Id=201709150824CANADANWCANADAPR_C1377&DateId=20170915" border="0" alt="" style="border-width:0px;margin:5px;width:1px;" /></p><font color="#000000" face="Times New Roman" size="3"> </font><p>For further information: Morguard Corporation, K. Rai Sahi, Chairman and CEO, T 905-281-3800; Paul Miatello, Chief Financial Officer, T 905-281-3800</p><p><span style="font-family:"arial",sans-serif;"><font color="#000000" size="3"></font></span><br></p><font color="#000000" face="Times New Roman" size="3"> </font>http://www.morguard.com/news-knowledge/posts/morguard-200m-offering-closure-20170915
Morguard North American Residential REIT Declares September 2017 Distribution of $0.05333 per UnitGP0|#f6ee19df-6c3a-4081-bd74-668207df6964;L0|#0f6ee19df-6c3a-4081-bd74-668207df6964|Morguard;GTSet|#bbd2a0ca-f457-44e3-b106-3c8139b9e1faGP0|#a9eac8ae-d456-40d5-af28-dc36ae543995;L0|#0a9eac8ae-d456-40d5-af28-dc36ae543995|Morguard North American Residential REIT;GTSet|#08f799fb-3b4e-446d-9e79-1b6ddfdd40a2;GP0|#50f77e71-a149-46fd-90c2-9f738ea9df00;L0|#050f77e71-a149-46fd-90c2-9f738ea9df00|Real Estate Investment2017-09-15T04:00:00Z<font color="#000000" face="Times New Roman" size="3"> </font><p>Morguard North American Residential Real Estate Investment Trust (the "REIT") (TSX: MRG.UN) today announced that it has declared a distribution of $0.05333 per unit for the month of September 2017.  The distribution will be payable on October 13, 2017 to unitholders of record as at September 29, 2017.</p><font color="#000000" face="Times New Roman" size="3"> </font><p><strong>About Morguard North American Residential REIT</strong></p><font color="#000000" face="Times New Roman" size="3"> </font><p>The REIT is an unincorporated, open-ended real estate investment trust which owns, through a limited partnership, interests in a portfolio of 16 Canadian residential apartment communities, located in Alberta and Ontario, and 30 U.S. low-rise and mid-rise, garden-style apartment communities located in Colorado, Texas, Louisiana, Illinois, Georgia, Florida, North Carolina,Virginia and Maryland consisting of approximately 13,000 residential suites.</p><font color="#000000" face="Times New Roman" size="3"> </font><p>For more information, please visit <a href="/" target="_blank">Morguard.com</a>.</p><font color="#000000" face="Times New Roman" size="3"> </font><font color="#000000" face="Times New Roman" size="3"> </font><p><img src="https://rt.newswire.ca/rt.gif?NewsItemId=C3390&Transmission_Id=201709151000CANADANWCANADAPR_C3390&DateId=20170915" border="0" alt="" style="border-width:0px;margin:5px;width:1px;" /></p><font color="#000000" face="Times New Roman" size="3"> </font><p>For further information: Morguard North American Residential REIT: K. Rai Sahi, Chief Executive Officer, T 905-281-3800; Robert D. Wright, Chief Financial Officer, T 905-281-3800</p><p><span style="font-family:"arial",sans-serif;"><font color="#000000" size="3"></font></span><br></p><font color="#000000" face="Times New Roman" size="3"> </font>http://www.morguard.com/news-knowledge/posts/morguard-narreit-sep2017-distribution
Morguard Real Estate Investment Trust Declares September 2017 Distribution of 8 Cents per UnitGP0|#f6ee19df-6c3a-4081-bd74-668207df6964;L0|#0f6ee19df-6c3a-4081-bd74-668207df6964|Morguard;GTSet|#bbd2a0ca-f457-44e3-b106-3c8139b9e1faGP0|#ca7174ac-6e4b-4ce1-b570-12f3c9be8efe;L0|#0ca7174ac-6e4b-4ce1-b570-12f3c9be8efe|Morguard REIT;GTSet|#08f799fb-3b4e-446d-9e79-1b6ddfdd40a2;GP0|#50f77e71-a149-46fd-90c2-9f738ea9df00;L0|#050f77e71-a149-46fd-90c2-9f738ea9df00|Real Estate Investment2017-09-15T04:00:00Z<font color="#000000" face="Times New Roman" size="3"> </font><p>Morguard Real Estate Investment Trust (the "Trust") (TSX: MRT.UN) today announced that it has declared a distribution of 8 cents per unit for the month of September 2017.  The distribution will be payable on October 13, 2017 to unitholders of record as at September 29, 2017.</p><font color="#000000" face="Times New Roman" size="3"> </font><p><strong>About Morguard Real Estate Investment Trust</strong></p><font color="#000000" face="Times New Roman" size="3"><strong> </strong></font><p>The Trust is a closed-end real estate investment trust, which owns a diversified portfolio of 49 high quality retail, office and industrial income producing properties in Canada consisting of approximately 8.7 million square feet of leaseable space.</p><font color="#000000" face="Times New Roman" size="3"> </font><p>For more information, please visit <a href="/" target="_blank">Morguard.com</a>.</p><font color="#000000" face="Times New Roman" size="3"> </font><font color="#000000" face="Times New Roman" size="3"> </font><p><img src="https://rt.newswire.ca/rt.gif?NewsItemId=C6692&Transmission_Id=201709151100CANADANWCANADAPR_C6692&DateId=20170915" border="0" alt="" style="border-width:0px;margin:5px;width:1px;" /></p><font color="#000000" face="Times New Roman" size="3"> </font><p>For further information: Morguard Real Estate Investment Trust: K. Rai Sahi, President and Chief Executive Officer, T 905-281-4800; Pamela McLean, Vice President and Chief Financial Officer, T 905-281-4800</p><p><span style="font-family:"arial",sans-serif;"><font color="#000000" size="3"></font></span><br></p><font color="#000000" face="Times New Roman" size="3"> </font>http://www.morguard.com/news-knowledge/posts/morguard-reit-sep2017-distribution
Morguard Announces $200 Million Offering of 4.333% Series C Senior Unsecured DebenturesGP0|#f6ee19df-6c3a-4081-bd74-668207df6964;L0|#0f6ee19df-6c3a-4081-bd74-668207df6964|Morguard;GTSet|#bbd2a0ca-f457-44e3-b106-3c8139b9e1faGP0|#14ddfd02-772e-4184-813f-3edbb2e94651;L0|#014ddfd02-772e-4184-813f-3edbb2e94651|Morguard Corporation;GTSet|#08f799fb-3b4e-446d-9e79-1b6ddfdd40a2;GP0|#50f77e71-a149-46fd-90c2-9f738ea9df00;L0|#050f77e71-a149-46fd-90c2-9f738ea9df00|Real Estate Investment2017-09-13T04:00:00Z<font color="#000000" face="Times New Roman" size="3"> </font><p>Morguard Corporation ("Morguard") (TSX: MRC) announced today that it has agreed to issue $200 million aggregate principal amount of series C senior unsecured debentures. These debentures will bear interest at a rate of 4.333% per annum and will mature on September 15, 2022. The debentures are being offered on an agency basis by a syndicate of agents co-led by RBC Capital Markets and TD Securities Inc., with RBC Capital Markets acting as bookrunner. DBRS Limited has assigned a provisional rating of "BBB (low)" with a "Stable" trend relating to the debentures.</p><font color="#000000" face="Times New Roman" size="3"> </font><p>The net proceeds of the offering will be used for the repayment of first mortgage indebtedness, indebtedness under operating lines of credit and for general corporate purposes.</p><font color="#000000" face="Times New Roman" size="3"> </font><p>The offering is being made pursuant to Morguard's base shelf prospectus dated November 7, 2016. The terms of the offering will be described in a prospectus supplement to be filed with the securities regulators in each of the provinces and territories of Canada, except Quebec.</p><font color="#000000" face="Times New Roman" size="3"> </font><p>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.</p><font color="#000000" face="Times New Roman" size="3"> </font><p><strong>About Morguard Corporation</strong></p><font color="#000000" face="Times New Roman" size="3"> </font><p>Morguard Corporation is a major North American real estate company.  It has extensive retail, office, industrial, multi–suite residential, and hotel holdings owned directly, or through its investment in Morguard REIT (TSX: MRT.UN), Morguard North American Residential REIT (TSX: MRG.UN) and Temple Hotels Inc. (TSX:TPH). Morguard also provides real estate management services to institutional and other investors. Morguard's owned and managed portfolio of assets is valued at $21.9 billion.</p><font color="#000000" face="Times New Roman" size="3"> </font><p><strong>Forward-looking information</strong></p><font color="#000000" face="Times New Roman" size="3"> </font><p>This news release contains forward-looking statements relating to Morguard's operations and the environment in which it operates, which are based on Morguard's expectations, estimates, forecasts and projections. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to control or predict. Therefore, actual outcomes and results may differ materially from those expressed in these forward-looking statements. Readers, therefore, should not place undue reliance on any such forward-looking statements. Further, a forward-looking statement speaks only as of the date on which such statement is made. Morguard undertakes no obligation to publicly update any such statement, to reflect new information or the occurrence of future events or circumstances, except as required by law.</p><font color="#000000" face="Times New Roman" size="3"> </font><p>For more information, visit Morguard.com</p><font color="#000000" face="Times New Roman" size="3"> </font><font color="#000000" face="Times New Roman" size="3"> </font><p>For further information: Morguard Corporation, K. Rai Sahi, Chairman and CEO, T 905-281-3800; Paul Miatello, Chief Financial Officer, T 905-281-3800</p><font color="#000000" face="Times New Roman" size="3"> </font>http://www.morguard.com/news-knowledge/posts/morguard-200m-offering-20170913
How Morguard CEO Rai Sahi Became Canada's $2 Billion Real Estate KingGP0|#f6ee19df-6c3a-4081-bd74-668207df6964;L0|#0f6ee19df-6c3a-4081-bd74-668207df6964|Morguard;GTSet|#bbd2a0ca-f457-44e3-b106-3c8139b9e1faGP0|#14ddfd02-772e-4184-813f-3edbb2e94651;L0|#014ddfd02-772e-4184-813f-3edbb2e94651|Morguard Corporation;GTSet|#08f799fb-3b4e-446d-9e79-1b6ddfdd40a2;GP0|#50f77e71-a149-46fd-90c2-9f738ea9df00;L0|#050f77e71-a149-46fd-90c2-9f738ea9df00|Real Estate Investment2017-08-22T04:00:00Z<div class="ms-rtestate-read ms-rte-wpbox"><div class="ms-rtestate-notify ms-rtestate-read 0ebe6c79-fb50-40be-a713-252607a80545" id="div_0ebe6c79-fb50-40be-a713-252607a80545" unselectable="on"></div><div id="vid_0ebe6c79-fb50-40be-a713-252607a80545" unselectable="on" style="display:none;"></div></div><p>​</p>http://www.morguard.com/news-knowledge/posts/rob-rai-sahi-real-estate-king
Morguard North American Residential REIT and Morguard Corporation Complete Acquisition of Prominent U.S. Multi-Suite Residential PropertyGP0|#f6ee19df-6c3a-4081-bd74-668207df6964;L0|#0f6ee19df-6c3a-4081-bd74-668207df6964|Morguard;GTSet|#bbd2a0ca-f457-44e3-b106-3c8139b9e1faGP0|#14ddfd02-772e-4184-813f-3edbb2e94651;L0|#014ddfd02-772e-4184-813f-3edbb2e94651|Morguard Corporation;GTSet|#08f799fb-3b4e-446d-9e79-1b6ddfdd40a2;GP0|#a9eac8ae-d456-40d5-af28-dc36ae543995;L0|#0a9eac8ae-d456-40d5-af28-dc36ae543995|Morguard North American Residential REIT;GP0|#50f77e71-a149-46fd-90c2-9f738ea9df00;L0|#050f77e71-a149-46fd-90c2-9f738ea9df00|Real Estate Investment2017-08-18T04:00:00Z<font color="#000000" face="Times New Roman" size="3"> </font><p>Morguard North American Residential Real Estate Investment Trust (the "REIT") (TSX:MRG.UN) and Morguard Corporation (the "Company") (TSX:MRC) announced today the acquisition of The Fenestra at Rockville Town Square ("The Fenestra"), a 492-suite apartment community in Rockville, MD. The acquisition was completed for a purchase price of $163.1 million (US$129 million). The entities will own the property on a 50/50 joint venture basis.</p><font color="#000000" face="Times New Roman" size="3"> </font><p>"The Fenestra's condo-quality amenities, recent construction and prominent location in the hub of a growing community make the property an excellent addition to our portfolio," said K. Rai Sahi, Chief Executive Officer of Morguard. "This acquisition supports our long-term strategy of investing in high-quality North American multi-suite residential assets that improve the quality of the cash flow while maximizing long-term investment returns for investors."</p><font color="#000000" face="Times New Roman" size="3"> </font><p>The Fenestra comprises three six-storey buildings in Rockville, MD, an urban growth market located within commuting distance of Washington, DC. Development of The Fenestra was completed in 2008, which will help mitigate capital expenditure risk.</p><font color="#000000" face="Times New Roman" size="3"> </font><p>The property is prominently located on Rockville Town Square, the social and cultural hub of Rockville. Residents of The Fenestra can walk to numerous restaurants, nightclubs and boutique shopping stores, or easily commute to Washington via the nearby Washington Metro.</p><font color="#000000" face="Times New Roman" size="3"> </font><p>Concurrent with the acquisition, financing of $89.7 million (US$70.95 million), with a fixed term of 10 years and an interest rate of 3.55%, was completed. </p><font color="#000000" face="Times New Roman" size="3"> </font><p><strong>About Morguard North American Residential REIT</strong><br> The REIT is an unincorporated, open-ended real estate investment trust which owns, through a limited partnership, interests in a portfolio of 16 Canadian residential apartment communities, located in Alberta and Ontario, and 30 U.S. low-rise and mid-rise, garden-style apartment communities located in Colorado, Texas, Louisiana, Illinois, Georgia, Florida, North Carolina, Virginia and Maryland consisting of approximately 13,000 residential suites. </p><font color="#000000" face="Times New Roman" size="3"> </font><p><strong>About Morguard Corporation</strong><br> Morguard Corporation is a major North American real estate company.  It has extensive retail, office, industrial, multi–suite residential, and hotel holdings owned directly, or through its investment in Morguard REIT (TSX: MRT.UN), Morguard North American Residential REIT (TSX: MRG.UN) and Temple Hotels Inc. (TSX:TPH). Morguard also provides real estate management services to institutional and other investors. Morguard's owned and managed portfolio of assets is valued at $21.9 billion.</p><font color="#000000" face="Times New Roman" size="3"> </font><p>For more information, please visit <a href="/" target="_blank">www.morguard.com</a> or follow us on <a href="https://ca.linkedin.com/company/morguard" target="_blank">LinkedIn</a>.</p><font color="#000000" face="Times New Roman" size="3"> </font><font color="#000000" face="Times New Roman" size="3"> </font><p><img src="https://rt.newswire.ca/rt.gif?NewsItemId=C5897&Transmission_Id=201708181147CANADANWCANADAPR_C5897&DateId=20170818" border="0" alt="" style="border-width:0px;margin:5px;width:1px;" /></p><font color="#000000" face="Times New Roman" size="3"> </font><p>For further information: K. Rai Sahi, Chairman and Chief Executive Officer, 905-281-3800; Robert D. Wright, Chief Financial Officer of the REIT, 905-281-3800, Paul Miatello, Chief Financial Officer of the Company, 905-281-3800 or email <a href="mailto:corporatemarketing@morguard.com">corporatemarketing@morguard.com</a></p><font color="#000000" face="Times New Roman" size="3"> </font>http://www.morguard.com/news-knowledge/posts/mrg-mrc-complete-fenestra-acquisition
Morguard Acquires Argus Corporate Centre, Premier Class A Office Property in Oakville, ONGP0|#f6ee19df-6c3a-4081-bd74-668207df6964;L0|#0f6ee19df-6c3a-4081-bd74-668207df6964|Morguard;GTSet|#bbd2a0ca-f457-44e3-b106-3c8139b9e1faGP0|#14ddfd02-772e-4184-813f-3edbb2e94651;L0|#014ddfd02-772e-4184-813f-3edbb2e94651|Morguard Corporation;GTSet|#08f799fb-3b4e-446d-9e79-1b6ddfdd40a2;GP0|#50f77e71-a149-46fd-90c2-9f738ea9df00;L0|#050f77e71-a149-46fd-90c2-9f738ea9df00|Real Estate Investment2017-08-18T04:00:00Z<font color="#000000" face="Times New Roman" size="3"> </font><p>Morguard Corporation ("Morguard") (TSX: MRC), a fully integrated North American real estate company, announced today that the company has purchased the Argus Corporate Centre, a five-storey Class A suburban office building located at 586 Argus Road in Oakville, ON. The acquisition was completed for a purchase price of $18.5 million, excluding taxes and transaction costs.</p><font color="#000000" face="Times New Roman" size="3"> </font><p>"An excellent location and a solid existing tenant base make the Argus Corporate Centre a valuable acquisition for Morguard," said K. Rai Sahi, Chairman and Chief Executive Officer of Morguard. "This acquisition supports our long-term strategy of investing in diversified, high-quality assets in North America that will provide a steady cash flow and a solid return on investment."</p><font color="#000000" face="Times New Roman" size="3"> </font><p>The property is conveniently located within 200 meters of the Oakville GO and VIA Rail transit hub and offers easy access to the QEW/403, 410, 407 and 401 highways. With high visual exposure to the QEW, the property also provides excellent signage and promotional opportunities for tenants. </p><font color="#000000" face="Times New Roman" size="3"> </font><p>The Argus Corporate Centre is located in the heart of Midtown Oakville, a designated urban growth centre under the development plan of the Province of Ontario. The City of Oakville is targeting residential and commercial intensification as well as significant transit and infrastructure investment in the neighbourhood immediately surrounding the property. Under the plan, the Argus Corporate Centre will be re-zoned to have the highest commercial density within the development area.</p><font color="#000000" face="Times New Roman" size="3"> </font><p>"Investment from the City of Oakville and the Province of Ontario in the infrastructure and transit surrounding the property makes the Argus Corporate Centre a key strategic acquisition," said Sahi. "The property's central location within the Midtown Oakville development zone provides excellent long-term growth and development potential for Morguard." </p><font color="#000000" face="Times New Roman" size="3"> </font><p>The 74,600 square foot building is currently 100% occupied by seven tenants in diverse industries including video game development, independent medical services, software development and legal services. The proposed residential intensification and infrastructure improvements planned as part of the Midtown Oakville development, as well as the proximity to Sheridan College, will continue to make the property highly attractive to tenants.</p><font color="#000000" face="Times New Roman" size="3"> </font><p><strong>About </strong><strong>Morguard </strong><br> Morguard Corporation is a major North American real estate company.  It has extensive retail, office, industrial, multi–suite residential, and hotel holdings owned directly, or through its investment in Morguard REIT (TSX: MRT.UN), Morguard North American Residential REIT (TSX: MRG.UN) and Temple Hotels Inc. (TSX:TPH). Morguard also provides real estate management services to institutional and other investors. Morguard's owned and managed portfolio of assets is valued at $21.9 billion.</p><font color="#000000" face="Times New Roman" size="3"> </font><p>For more information, please visit <a href="/" target="_blank">www.morguard.com</a> or follow us on <a href="https://ca.linkedin.com/company/morguard" target="_blank">LinkedIn</a>.</p><font color="#000000" face="Times New Roman" size="3"> </font><font color="#000000" face="Times New Roman" size="3"> </font><p><img src="https://rt.newswire.ca/rt.gif?NewsItemId=C3880&Transmission_Id=201708181308CANADANWCANADAPR_C3880&DateId=20170818" border="0" alt="" style="border-width:0px;margin:5px;width:1px;" /></p><font color="#000000" face="Times New Roman" size="3"> </font><p>For further information: K. Rai Sahi, Chairman and Chief Executive Officer, 905-281-3800; Paul Miatello, Chief Financial Officer, 905-281-3800 or email <a href="mailto:corporatemarketing@morguard.com">corporatemarketing@morguard.com</a></p><font color="#000000" face="Times New Roman" size="3"> </font><font color="#000000" face="Times New Roman" size="3"> </font><font color="#000000" face="Times New Roman" size="3"> </font><p style="margin:0in 0in 0pt;"><span><font color="#000000" face="Times New Roman" size="3"><img src="http://emailalerts.dvcotechnology.com/wf/open?upn=5urIpOjhy1IYSWc-2BhTBnw-2BwHWoUdWO8PMcP0l4Q1rOc1WtEcLnzVXT8eOMWF63HEcgoi4C5ss6EAmeboIFlUmUUl-2BTzPL7dxJRjH4l-2Bsl6fQ4RJsFsbWzQ4Gtx8JjjTeeGrTam30jFeKC3HocUQHeaeJu5L3zHOhLx5nPByqLK61XYL54oDxHy07ArG-2BGh78D01MA-2BG1AqgYEF9etywoTnBig-2B19JMkKMux-2FsK9rR1Q03GKcE3IMjOPPfaKM9sf26yKlrZQkYq5L3Kqg1-2BBhUg-3D-3D" border="0" alt="" style="border-width:0in;margin:5px;padding:0in;width:1px;" /></font></span></p><font color="#000000" face="Times New Roman" size="3"> </font>http://www.morguard.com/news-knowledge/posts/morguard-acquires-arguscorporatecentre