NexLiving Communities Inc. (V:NXLV)
Business Focus: Residential Real Estate Rental & Development
Apr 03, 2024 04:08 pm ET
NexLiving Communities Announces Shareholder Approval in Connection with Devcore Group Transaction
HALIFAX, NS, April 3, 2024 /CNW/ - (TSXV: NXLV) – NexLiving Communities Inc. ("NexLiving" or the "Company") is pleased to announce that shareholders voted in favour of the resolution (the "Transaction Resolution") in connection with the Company's previously announced transaction to acquire from Devcore Group Inc. and related entities ("Devcore") a portfolio of multi-family assets in eastern Ontario and Québec consisting of 16 properties and 991 units in exchange for share consideration and the assumption of existing mortgages (collectively, the "Transaction").
Feb 21, 2024 03:00 pm ET
NexLiving Communities Declares Quarterly Dividend and Provides Update on Devcore Transaction
HALIFAX, NS, Feb. 21, 2024 /CNW/ - (TSXV: NXLV) - NexLiving Communities Inc. ("NexLiving" or the "Company") is pleased to announce the declaration of its quarterly dividend and provide an update on its previously announced transaction to acquire from Devcore Group Inc. and related entities ("Devcore") a portfolio of multi-family assets in eastern Ontario and Québec consisting of 16 properties and 991 units in exchange for share consideration and the assumption of existing mortgages (collectively, the "Transaction").
Jan 22, 2024 11:16 am ET
Canadian Investment Regulatory Organization Trade Resumption - NXLV
VANCOUVER, BC, Jan. 22, 2024 /CNW/ - Trading resumes in:
Jan 22, 2024 08:32 am ET
NexLiving Communities Announces Transformational Merger to Double Portfolio Size
Acquisition of 991 units almost doubles the Company's portfolio to 2,157 unitsComplementary assets provide immediate scale, financial accretion and diversification Materially improved free cash flow & debt metrics enhance NexLiving's de-leveraging strategyCombined company to continue focus on Canada's high-growth secondary marketsHALIFAX, NS, Jan. 22, 2024 /CNW/ - (TSXV: NXLV) – NexLiving Communities Inc. ("NexLiving" or the "Company") is pleased to announce that it has entered into an agreement dated January 21, 2024 (the "Agreement") to acquire a portfolio of multi-family assets in eas
Jan 22, 2024 08:17 am ET
Canadian Investment Regulatory Organization Trading Halt - NXLV
VANCOUVER, BC, Jan. 22, 2024 /CNW/ - The following issues have been halted by CIRO
Nov 28, 2023 10:48 pm ET
TSX Venture Exchange Stock Maintenance Bulletins
VANCOUVER, BC, Nov. 28, 2023 /CNW/ - TSX VENTURE COMPANIES
Nov 28, 2023 06:00 am ET
NexLiving Communities Reports Record Q3 2023 Operating and Financial Results and Declares Quarterly Dividend
HALIFAX, NS, Nov. 28, 2023 /CNW/ - (TSXV: NXLV) – NexLiving Communities Inc. ("NexLiving" or the "Company") announced operating and financial results for the three- and nine-month periods ended September 30, 2023.
Aug 17, 2023 04:00 pm ET
NexLiving Communities Reports Q2 2023 Operating and Financial Results and Declares Quarterly Dividend
HALIFAX, NS, Aug. 17, 2023 /CNW/ - (TSXV: NXLV) – NexLiving Communities Inc. ("NexLiving" or the "Company") announced operating and financial results for the three- and six-month periods ended June 30, 2023.
Aug 03, 2023 10:08 am ET
NexLiving Communities announces effective date of share consolidation
HALIFAX, NS, Aug. 3, 2023 /CNW/ - (TSXV: NXLV) - NexLiving Communities Inc. ("NexLiving" or the "Company") announced today that the consolidation of its common shares on the basis of one post-consolidation common share for every twenty pre-consolidation shares issued and outstanding will be effective as of market open on August 3, 2023. The share consolidation was approved by the Company's shareholders at the annual and special meeting held on June 27, 2023.
Aug 01, 2023 07:57 pm ET
TSX Venture Exchange Stock Maintenance Bulletins
VANCOUVER, BC, Aug. 1, 2023 /CNW/ -
Jun 28, 2023 07:00 am ET
NexLiving Communities Announces Results of Annual and Special Meeting of Shareholders
HALIFAX, NS, June 28, 2023 /CNW/ - (TSXV: NXLV) – NexLiving Communities Inc. ("NexLiving" or the "Company"), announced today that its shareholders voted in favour of all items of business brought before them at the Company's annual and special meeting of shareholders held on June 27, 2023.
May 25, 2023 04:00 pm ET
NexLiving Communities Reports Record Q1 2023 Operating and Financial Results, Announces Normal Course Issuer Bid and Declares Quarterly Dividend
HALIFAX, NS, May 25, 2023 /CNW/ - (TSXV: NXLV) – NexLiving Communities Inc. ("NexLiving" or the "Company") announced operating and financial results for the three months ended March 31, 2023.
Apr 14, 2023 07:00 am ET
NexLiving Communities Announces Record Results for the Fourth Quarter and Year End 2022
HALIFAX, NS, April 14, 2023 /CNW/ - (TSXV: NXLV) – NexLiving Communities Inc. ("NexLiving" or the "Company") announced operating and financial results for the three months and year ended December 31, 2022.
Mar 01, 2023 06:13 pm ET
Sheaco Holdings Acquires Common Shares of NexLiving Communities
RIVERVIEW, NB, March 1, 2023 /CNW/ - (TSXV: NXLV) – Sheaco Holdings Inc. ("Sheaco") announces that it has acquired 37,500,000 common shares ("Common Shares") of NexLiving Communities Inc. (TSXV: NXLV) ("NexLiving"), representing approximately 11.33% of the Common Shares issued and outstanding. Sheaco is owned and controlled by Jamie Shea and Sarah Shea.
Mar 01, 2023 06:00 am ET
NexLiving Communities announces closing of 150-unit Mountain Road acquisition and declares quarterly dividend
HALIFAX, NS, March 1, 2023 /CNW/ - (TSXV: NXLV) – NexLiving Communities Inc. ("NexLiving" or the "Company") announced today that its acquisition of a 100% interest in Northpoint Management Inc. ("Northpoint") from Sheaco Holdings Inc. has closed. Northpoint's key assets are two newly built multi-family buildings comprising 75 units each located at 2251 and 2261 Mountain Road, Moncton NB. The Company previously announced its intention to acquire these buildings on November 4, 2021, with subsequent updates to the transaction announced on December 5, 2022, and February 21, 2023.
Feb 21, 2023 03:00 pm ET
NexLiving Communities announces update to previously announced 150-unit Mountain Road acquisition
HALIFAX, NS, Feb. 21, 2023 /CNW/ - (TSXV: NXLV) – NexLiving Communities Inc. ("NexLiving" or the "Company") announced today that its anticipated acquisition of a 100% interest in Northpoint Management Inc. from Sheaco Holdings Inc. is on track to close on or before February 28, 2023.
Dec 16, 2022 06:00 am ET
NexLiving Announces New Acquisition of 149 Suites in Saint John
HALIFAX, NS, Dec. 16, 2022 /CNW Telbec/ - NexLiving Communities Inc. (TSXV: NXLV) ("NexLiving" or the "Company") announced today that it has acquired a portfolio of two properties in Saint John, New Brunswick for $34.3 million. The acquisition includes an adjacent parcel of land that is approved for a future development project of up to 85 units. Including the land parcel in the acquisition price, the blended capitalization rate is 4.75%. The consideration will be satisfied with a combination of cash on hand and $25.7 million of mortgages that bear a weighted average interest rate of 3.06% a
Dec 05, 2022 06:00 am ET
NexLiving announces update to previously announced 150-unit Mountain Road acquisition
HALIFAX, NS, Dec. 5, 2022 /CNW/ - (TSXV: NXLV) – NexLiving Communities Inc. ("NexLiving" or the "Company") announced today that it has entered into an agreement to acquire a 100% interest in Northpoint Management Inc. from Sheaco Holdings Inc. for $39.6 million. Northpoint's key assets are two newly built multi-family buildings comprising 75 units each located at 2251 Mountain Road and 2261 Mountain Road, Moncton NB. The Company previously announced its agreement to acquire these buildings on November 4, 2021, which will now be acquired indirectly through its acquisition of Northpoint Manage
Nov 23, 2022 03:22 pm ET
NexLiving Communities announces record results for the three and nine months ended September 30, 2022 and declares quarterly dividend
HALIFAX, NS, Nov. 23, 2022 /CNW/ - (TSXV: NXLV) – NexLiving Communities Inc. ("NexLiving" or the "Company") announced operating and financial results for the three and nine months ended September 30, 2022.
Aug 29, 2022 07:00 am ET
NexLiving Communities announces record results for the three and six months ended June 30, 2022 and declares quarterly dividend
HALIFAX, NS, Aug. 29, 2022 /CNW/ - (TSXV: NXLV) – NexLiving Communities Inc. ("NexLiving" or the "Company") announced operating and financial results for the three and six months ended June 30, 2022.
Aug 10, 2022 07:00 am ET
NexLiving Announces Acquisition of a 40-Suite Building in Strathroy, Ontario
HALIFAX, NS, Aug. 10, 2022 /CNW/ - NexLiving Communities Inc. (TSXV: NXLV) ("NexLiving" or the "Company") announced today that it has acquired a 40-suite building in Strathroy, Ontario ("294 Saulsbury") for $9.4 million. The acquisition will be financed with a combination of cash on hand and a $7.9 million short-term debt facility, which will include a capital expenditure facility.
Jun 09, 2022 07:00 am ET
NexLiving Communities announces senior leadership change and results of the annual and special meeting of shareholders
HALIFAX, NS, June 9, 2022 /CNW Telbec/ - (TSXV: NXLV) – NexLiving Communities Inc. ("NexLiving" or the "Company") announced today that its shareholders voted in favour of all items of business brought before them at the Company's annual and special meeting of shareholders held on June 8, 2022.
Jun 06, 2022 07:00 am ET
NexLiving Communities Comments on the Impact of New Brunswick's Property Tax Relief Program
HALIFAX, NS, June 6, 2022 /CNW/ - (TSXV: NXLV) – NexLiving would like to clarify the impact of recent announcements by the Government of New Brunswick to provide a 10% cap on property tax assessments over the next two years, for most apartment and commercial buildings. In the quarter ended March 31, 2021, NexLiving had accrued a higher non-cash property tax expense than is now expected to be experienced in the 2022 fiscal year. The Company expects to reverse the higher expense in subsequent quarters, which will have a materially positive impact on the Company's net operating income going for
May 30, 2022 07:00 am ET
NexLiving Communities announces results for the quarter ended March 31, 2022 and declares quarterly dividend
HALIFAX, NS, May 30, 2022 /CNW Telbec/ - (TSXV: NXLV) – NexLiving Communities Inc. ("NexLiving" or the "Company") announced today continuing strong operating and financial results for the three months ended March 31, 2022.
Apr 18, 2022 07:01 am ET
NexLiving Communities announces results for the year ended December 31, 2021
HALIFAX, NS, April 18, 2022 /CNW/ - (TSXV: NXLV) – NexLiving Communities Inc. ("NexLiving" or the "Company") announced today its annual results for the year ended December 31, 2021.
Apr 18, 2022 07:00 am ET
NexLiving Announces Acquisition of a 58-Suite Building in Lindsay, Ontario
HALIFAX, NS, April 18, 2022 /CNW/ - NexLiving Communities Inc. (TSXV: NXLV) ("NexLiving" or the "Company") announced today that it has acquired a 58-suite building in Lindsay, ON ("35 Angeline") for $13.4 million. The acquisition will be financed with a combination of cash on hand and $10.1 million of new short-term debt, which will include a capital expenditure facility.
Apr 05, 2022 04:00 pm ET
NexLiving Communities completes acquisition of 64-unit building in Riverview, New Brunswick
HALIFAX, NS, April 5, 2022 /CNW/ - NexLiving Communities Inc. (TSXV: NXLV) ("NexLiving" or the "Company") is pleased to announce that it has completed the previously announced acquisition of a 64-unit building in Riverview, NB ("Findlay Tower") for $11.7 million, excluding closing costs. Findlay Tower is a four-storey building with an elevator and one level of heated underground parking. The property was constructed in 2019 and is located at 1009 Cleveland Avenue, Riverview, NB. In connection with the acquisition, NexLiving has assumed a $9.25 million 40-year CMHC insured mortgage with a 1.7
Mar 07, 2022 06:00 am ET
NexLiving Communities Inc. Declares Quarterly Dividend
HALIFAX, NS, March 7, 2022 /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 March 31, 2022, representing $0.002 per share on an annualized basis. The dividend is payable on March 31, 2022 to shareholders of record on March 14, 2022.
Jan 07, 2022 02:35 pm ET
NexLiving Announces Closing of Second Tranche of Private Placement
HALIFAX, NS, Jan. 7, 2022 /CNW/ - (TSXV: NXLV) NexLiving Communities Inc. ("NexLiving" or the "Company") is pleased to provide an update on the second tranche of the previously announced non-brokered private placement (the "Private Placement"). The Company has upsized the second tranche from $1,000,000 to $1,200,000 and closed the offering with the issuance of 6,000,000 common shares at a price of $0.20 per share. Total gross proceeds from the combined first and second tranches of the Private Placement are $4,650,000. Shares issued pursuant to the Private Placement are subject to a four-mont
Dec 22, 2021 06:00 am ET
NexLiving Communities completes acquisition of 156 unit, 7 building portfolio in Riverview, NB and announces early repayment of convertible debenture
HALIFAX, NS, Dec. 22, 2021 /CNW/ - NexLiving Communities Inc. (TSXV: NXLV) ("NexLiving" or the "Company") announced today that it has completed the previously announced acquisition of 156 units in Riverview, NB ("Whitepine & Cleveland") for $21.3 million. Whitepine & Cleveland is comprised of seven two-story buildings (529/539/545/625 Whitepine Ave and 1008/1020/1037 Cleveland Ave), which were constructed between 2011 and 2016. In connection with the acquisition, NexLiving has arranged a $15.6 million 30-year mortgage with a 2.27% interest rate and intends to transfer to a CMHC insur
Dec 09, 2021 08:41 am ET
NexLiving Communities Inc. Announces Exercise and Closing of Over-Allotment Option in Connection with its Oversubscribed Marketed Common Share Offering
/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/
Dec 06, 2021 08:30 pm ET
NexLiving Communities Inc. Declares Quarterly Dividend
HALIFAX, NS, Dec. 6, 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 December 31, 2021, representing $0.002 per share on an annualized basis. The dividend is payable on December 31, 2021 to shareholders of record on December 10, 2021.
Dec 01, 2021 08:42 am ET
Denis Arsenault Acquires Securities of NexLiving Communities
HALIFAX, NS, Dec. 1, 2021 /CNW/ - Denis Arsenault ("Denis") announced today that he has acquired ownership of securities of NexLiving Communities Inc. (TSXV: NXLV) ("NexLiving"), with its head office at 45 Alderney Drive, Suite 1805, Dartmouth, NS B2Y 3N6, for an aggregate purchase price of $3,000,000.
Dec 01, 2021 06:00 am ET
NexLiving Announces Closing of First Tranche of Private Placement Offering
HALIFAX, NS, Dec. 1, 2021 /CNW/ - (TSXV: NXLV) NexLiving Communities Inc. ("NexLiving" or the "Company") is pleased to provide an update on the previously announced non-brokered private placement (the "Private Placement"). The Company has closed on the first of two tranches and has issued 17,250,000 common shares at a price of $0.20 for gross proceeds of $3,450,000. The Company expects to complete the second tranche within the next 45 days, which is expected to result in an additional $1,000,000 of proceeds at the same terms. Shares issued pursuant to the Private Placement are subject to a f
Nov 26, 2021 09:44 am ET
NexLiving Announces Closing of Oversubscribed Marketed Common Share Offering
/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES./
Nov 04, 2021 09:29 am ET
IIROC Trading Resumption - NXLV
VANCOUVER, BC, Nov. 4, 2021 /CNW/ - Trading resumes in:
Nov 04, 2021 07:00 am ET
NexLiving Communities Announces an Agreement to Acquire a Newly-built 10 Property, 370 Unit Active-living Multi-family Portfolio in Moncton, NB and Associated Equity Financings
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 deliver FFO per share accretion in excess of 30% $24 million equity financing launched through a strong syndicate with a lead strategic order of $4 millon will help broaden the Company's shareholder base and improve trading liquid
Nov 03, 2021 03:36 pm ET
IIROC Trading Halt - NXLV
VANCOUVER, BC, Nov. 3, 2021 /CNW/ - The following issues have been halted by IIROC:
Nov 03, 2021 08:00 am ET
NexLiving Communities announces results for the quarter ended September 30, 2021
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 basis, NOI was +10.2% higher quarter-over-quarter, primarily due to strong rent growth on unit turns and about half of the company's buildings where annual rent increases occur mid-year. The company exited the quarter with 98% occ
Oct 19, 2021 06:13 pm ET
Bill Hennessey Joins NexLiving Communities Board of Directors
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' and as a member of Colliers National multi-family team. He has a strong track record as a real estate entrepreneur, owner and operator having recently launched an exciting 150-unit luxury condo, rental and boutique hotel concept
Sep 15, 2021 09:59 am ET
NexLiving Announces Amendment to the Convertible Debentures Maturing September 30, 2021
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 the amendment.
Aug 31, 2021 04:30 pm ET
NexLiving Communities Inc. Declares Quarterly Dividend
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 on September 29, 2021 to shareholders of record on September 9, 2021.
Jun 30, 2021 10:00 am ET
NexLiving Communities Completes Acquisition of Fourth Village View Suites Property in Saint John, NB
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 the "Acquisition").
Jun 17, 2021 08:00 am ET
NexLiving Communities Enters into Definitive Agreement to Acquire 47 Unit Multi-Family Property in Saint John, NB
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 is fully leased HALIFAX, NS, June 17, 2021 /CNW/ - NexLiving Communities Inc. (TSXV: NXLV) ("NexLiving" or the "Company") announced today that it has entered into an agreement to acquire Village View No. 4 Limited Partnership, whose sole asset is a 47 unit
Jun 01, 2021 08:00 am ET
NexLiving Communities Inc. Commences Trading Under the Trading Symbol "NXLV", Stavro Stathonikos Joining Executive Leadership Team as President
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 no change in the share capital of the Company. The Company's new CUSIP number is 65344P102 and its new ISIN number is CA65344P1027. There is no further action required by shareholders with respect to the name change. The Company's website is www.
May 25, 2021 12:42 pm ET
ViveRE Communities Inc. Announces Name Change to NexLiving Communities Inc., New Trading Symbol "NXLV"
HALIFAX, NS, May 25, 2021 /CNW/ - ViveRE Communities Inc. (TSXV: VCOM) ("ViveRE" or the "Company") announces that it is changing its name to NexLiving Communities Inc. and its trading symbol from "VCOM" to "NXLV".
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