TORONTO--(BUSINESS WIRE)--DREAM UNLIMITED CORP. (TSX: DRM) (“Dream Unlimited”), DREAM OFFICE REIT (TSX: D.UN) (“Dream Office”), DREAM IMPACT TRUST (TSX: MPCT.UN) (“Dream Impact”), and DREAM INDUSTRIAL REIT (TSX: DIR.UN) (“Dream Industrial”) collectively referred to as the Dream group of companies today announced their formal participation in the Net Zero Asset Managers (“NZAM”) initiative. As announced in Glasgow, Scotland, at the 26th Conference of the Parties (COP26) organized by the United Nations Framework Convention on Climate Change (UNFCCC), the Dream group of companies are committed to achieving net zero greenhouse gas (GHG) emissions by 2050 or sooner, in line with global efforts to limit warming to 1.5 degrees Celsius.
The NZAM initiative is an international group of the largest asset managers, covering over US$57.4 trillion in AUM. The Dream group of companies are proud to publicly commit to set targets, disclose progress and support the global effort of net zero GHG emissions by 2050.
“We are excited to be joining this group of global leaders and committing to net zero by 2050. With our net zero communities in Ottawa and Colorado, we have already started this journey and we are going to challenge ourselves to do more. We want our investors, tenants and various stakeholders to know that Dream is working to contribute to the future solutions that are needed,” said Michael Cooper, Chief Responsible Officer for Dream Unlimited Corp.
As an official signatory to the United Nation Principles for Responsible Investment (UN PRI), Dream Unlimited, on behalf of the Dream group of companies will be reporting to NZAM. The Dream group of companies will annually disclose their adherence to the six UN PRI responsible investment principles.
The Dream group of companies will be releasing their corporate Sustainability Report before the end of the year, which will further outline the net zero commitments and future plans.
About Dream Unlimited Corp.
Dream Unlimited Corp. is a leading developer of exceptional office and residential assets in Toronto, owns stabilized income generating assets in both Canada and the U.S., and has an established and successful asset management business, inclusive of $12 billion of assets under management across three Toronto Stock Exchange listed trusts, our private asset management business and numerous partnerships. We also develop land and residential assets in Western Canada. Dream expects to generate more recurring income in the future as its urban development properties are completed and held for the long term. Dream has a proven track record for being innovative and for our ability to source, structure and execute on compelling investment opportunities. For more information, please visit our website at www.dream.ca.
About Dream Office REIT
Dream Office REIT is an unincorporated, open-ended real estate investment trust. Dream Office REIT is a premier office landlord in downtown Toronto with approximately 3.5 million square feet owned and managed. Dream Office has carefully curated an investment portfolio of high-quality assets in irreplaceable locations in one of the finest office markets in the world. For more information, please visit our website at www.dreamofficereit.ca.
About Dream Impact Trust
Dream Impact Trust is an open-ended trust dedicated to impact investing. Impact investing is the intention of creating measurable positive, social and environmental change in our communities and for our stakeholders, while generating attractive market returns. Dream Impact's underlying portfolio is comprised of exceptional real estate assets reported under two operating segments: development and recurring income, that would not be otherwise available in a public and fully transparent vehicle, managed by an experienced team with a successful track record in these areas. The objectives of the Trust are to create positive and lasting impacts for our stakeholders through our three impact verticals: environmental sustainability and resilience, attainable and affordable housing, and inclusive communities; balance growth and stability of the portfolio, increasing cash flow, unitholders' equity and NAV over time; leverage access to an experienced management team and strong partnerships in order to generate attractive returns for investors; provide investors with a portfolio of high-quality real estate development opportunities, concentrated in core geographic markets; and to provide predictable cash distributions to unitholders on a tax-efficient basis. For more information, please visit: www.dreamimpacttrust.ca.
About Dream Industrial REIT
Dream Industrial REIT is an unincorporated, open-ended real estate investment trust. As of June 30, 2021, Dream Industrial REIT owns and operates a global portfolio comprising approximately 39 million square feet of gross leasable area in key markets across North America and Europe. Dream Industrial REIT’s objective is to continue to grow and upgrade the quality of its portfolio and to provide attractive overall returns to its unitholders. For more information, please visit www.dreamindustrialreit.ca.
