Tribe Management Inc. completes merger with Gateway Property Management

VANCOUVER, BC, August 10, 2021 /CNW/ – Tribe Property Technologies (TSXV: TRBE) (“Tribe”) is pleased to announce that effective July 31, 2021, its wholly owned subsidiary Tribe Management Inc. has merged with Gateway Property Management pursuant to provisions of the Canada Business Corporations Act (fusion”). Following the merger, the subsidiary will continue to operate as Tribe Management Inc. across Canada.

Tribe Management Logo (CNW Group/Tribe Property Technologies Inc.)

“This moment is the culmination of months of effort by our combined management teams, workforce and external partners to integrate these two extraordinary value-driven companies,” said Joseph Nakhla, CEO of Tribe. “It’s also a time to recognize our customers and the communities we manage, whether they’ve been with us for a week or decades, we strive to provide management from the heart for each of them.”

The merger marks a significant milestone as the company officially begins rolling out its recognizable Tribe Management brand across the country, as one of from Canada few national co-ownership and rental players, to more than 40,000 communities and more than 100,000 people, with a team of nearly 200 employees and hundreds of contractors.

“With our Tribe Management brand now available nationwide, we can provide seamless integration of our technology and services needed to make life easier at all stages of a community,” Nakhla acknowledges. “Our one-stop-shop of technology and services for building and managing residential communities includes pre- and post-construction defect management, warranty tracking tools, condominium, rental and commercial management services and software. intelligent construction.”

As part of the merger, Gateway Property Management was fully transferred to Tribe’s IT infrastructure, with enhanced security. Tribe also brings communications, marketing, partnerships and product and engineering teams to support the company’s pillars of connecting, informing, educating and protecting its internal and external stakeholders.

About Tribe Property Technologies:

Tribe is a real estate technology company digitizing the traditional property management industry. As a rapidly growing, technologically advanced property management company, Tribe’s integrated service technology delivery model meets the needs of more stakeholders than traditional service providers.

Tribe’s business is comprised of three revenue pillars: software and services (recurring licensing and management fees), transactional (lease or co-ownership fees, banking, rentals), and digital services and partnerships (smart building products , financial and insurance service).

Tribe seeks to acquire highly accretive targets in North America’s fragmented property management industry and transform those businesses through streamlining and digitizing operations. Tribe’s platform reduces customer acquisition costs, increases retention, and enables the addition of value-added products and services through the platform. To visit tributech.com for more information.

ON BEHALF OF COUNCIL

“Joseph Nakhla”
Chief Executive Officer
Tribe Property Technologies Inc.
Joseph Nakhla
Chief Executive Officer
1155 West Pender Street, Suite 419
Vancouver, British Columbia
V63 2P4
(604) 343-2601
[email protected]

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Caution regarding forward-looking information

This press release may contain certain “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws regarding the Company and its business, which may include, but are not limited to , statements with respect to the aims and objectives of the Company; growth plans including prospects for future consolidation in the rental management sector; future acquisitions by the Company; the Company’s beliefs regarding the independent owner-investor market; and the potential benefits of the Company’s platform. When or if used in this press release, the words “anticipate”, “believe”, “estimate”, “expect”, “target”, “plan”, “expect”, “may”, “program” and similar words or phrases identify forward-looking statements or information. Such forward-looking statements or information may relate to proposed financing activity, proposed acquisitions, proposed success of the Company’s platform, requirements or regulatory or governmental approvals, the reliability of third party information and other factors or These statements represent the Company’s current views regarding future events and are necessarily based on a number of assumptions and estimates which, although considered as reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks. Many factors, known and unknown, could cause e cause the results, performance or achievement to be materially different from the results, performance or achievement. events that are or may be expressed or implied by these forward-looking statements. The Company does not intend, and undertakes no obligation, to update such forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other event affecting such statements and information other than those required by laws, rules and regulations.

SOURCE Tribe Property Technologies Inc.

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