CALGARY, Alberta, July 29, 2024--(BUSINESS WIRE)--Mainstreet Equity Corp. (TSX: MEQ) is Canada's leading real estate corporation on the TSX, specializing in mid-market apartment buildings, in western Canada.

Mainstreet has responded to the Jasper wildfires with an announcement that they will provide housing assistance. Mainstreet is working to provide essential shelter and support for the people displaced by this disaster.

For the permanent residents of Jasper fleeing the ash and the flames, we are offering 6-month leases, of which the first two months are free. We are also offering a variety of occupational opportunities at Mainstreet Equity to help support the independence of those in need during these very difficult times.

The offer was made this week by Bob Dhillon, Founder, President and CEO of Mainstreet, following the news of the Jasper wildfires that have displaced thousands. "People are fleeing a serious threat; and that means they are forced to abandon their lives to seek safety elsewhere. Many are now grappling with the devastating loss of their homes, the uncertainty of their current situation, and the challenge of finding a new place to go. We would like to help these individuals, by making this offer during these times of tight rental markets, to move into a place that is stable and comfortable.

We encourage those whom are in need of assistance to call us, today:

866-480-6246 or email us at [email protected] &/or [email protected] with Jasper Wildfire in the subject line.

About Mainstreet Equity Corp.

Mainstreet Equity Corp. ("Mainstreet") is a Calgary-based real estate operating company, traded on the Toronto Stock Exchange (TSX:MEQ). Mainstreet is a top provider of high-quality, affordable multi-family rental units in western Canada, covering BC, AB, SK, and Winnipeg, with year-to-date holdings of over 18,300 units. The company's long-term value is anchored by a counter-cyclical strategy to aggressively acquire undervalued units at distressed prices, using low-cost capital. Once acquired, Mainstreet rapidly stabilizes the assets to minimize cycle times and boost net operating income. The company employs a 100% organic, non-dilutive growth model, leveraging its robust liquidity position. As at Q3 2024, Mainstreet’s assets were valued at approximately CDN $3.3B based on IFRS value.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240729614573/en/

Contacts

Bob Dhillon, Founder, President & CEO
D: (403) 215-6063
Executive Assistant: +1 (403) 215-6070
100, 305 10 Avenue SE, Calgary, AB T2G 0W2 Canada
TSX: MEQ
https://www.mainst.biz/