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dream > impact trust MPCT.UN - TSX DREAM IMPACT TRUST REPORTS THIRD QUARTER RESULTS AND CONTINUED EXECUTION OF ITS IMPACT STRATEGY This press release contains forward - looking information that is based upon assumptions and is subject to risks and uncertainties as indicated in the cautionary note contained within this press release . All dollar amounts in our tables are presented in thousands of Canadian dollars , except unit and per unit amounts , unless otherwise stated . TORONTO , November 1 , 2021 , DREAM IMPACT TRUST ( TSX : MPCT.UN ) ( " Dream Impact " , " we " , " our " or the " Trust " ) today reported its financial results for the three ( " third quarter " ) and nine months ended September 30 , 2021 . " Just over twelve months ago , we formally announced the repositioning of the Trust to be a pure play impact vehicle , " said Michael Cooper , Portfolio Manager . " Since the announcement of our impact strategy , we've taken the following steps to maximize profits and do social good . We have deployed capital to acquire commercial and multi - family residential buildings to accelerate the growth of the Trust and will continue to seek out opportunities to increase our portfolio of income generating assets over the near term , including continued construction on our existing developments . In addition to publishing our inaugural impact report last spring , we've obtained independent third - party verifications to support our Imp Management System , Impact Financing Framework and other sustainability frameworks , to reinforce the transparency and thoughtfulness of our approach . We are starting to see the significance of our work being recognized externally , and were honoured to have Harvard Business School create a business case , " Dream : Impact Through Real Estate " to help teach impact investing at Harvard and many other business schools . " In the third quarter , the Trust entered the multi - family residential asset class , acquiring a 33 % interest in 912 units for total proceeds of $ 378.2 million ( or 304 units for $ 126.1 million at the Trust's share ) . The assets , referred to as Weston Common and 262 Jarvis , were purchased alongside Dream Unlimited and Dream Impact Fund , and were over 90 % occupied as of September 30 , 2021. Weston Common is a two - tower 841 - unit , multi - family apartment building which includes 42,800 sf of commercial space that is 98.5 % leased and an 8,800 sf community hub . 262 Jarvis is a 71 - unit , Art Deco style apartment building located near Ryerson University in downtown Toronto . Through these assets , the Trust will pursue various initiatives aligned with our core impact verticals . In addition to Weston Common and 262 Jarvis , the Trust and Dream Unlimited have an additional 228 multi - family units in Toronto under contract , pending normal course due diligence procedures . On August 3 , 2021 , the Trust closed on a private placement of impact convertible unsecured debentures ( " impact debentures " ) with Fairfax Financial Holdings Limited and / or certain of its controlled affiliates , for gross proceeds of $ 30 million . Proceeds from the impact debenture issuance were immediately deployed towards the acquisition of Weston Common and 262 Jarvis , in line with the Trust's Impact Financing Framework announced on July 6 , 2021. The issuance marked a significant milestone for the Trust , as this was the first impact - dedicated debenture offering in Canada . Subsequent to September 30 , 2021 , the Trust received a rating from GRESB , the Global Real Estate Sustainability Benchmark . Dream Impact received a five - star rating , a score of 90/100 , placing the Trust in the top 20 % of globally assessed companies . We are pleased with the verification result as this was the first GRESB assessment done for the Trust , and will look to integrate further sustainability opportunities across our portfolio .