Business
Tribe Property Technologies Announces Acquisition of Rental Management Assets from NAI Commercial Okanagan
Tribe Property Technologies Announces Acquisition of Rental Management Assets from NAI Co...
About this update from Tribe Property Technologies Inc
[{"type":"text","content":"\n \n \n \n Tribe Property Technologies Announces Acquisition of Rental Management Assets from NAI Commercial Okanagan\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n /NOT FOR DISTRIBUTION IN THE U.S. OR TO U.S. NEWSWIRE SERVICES./\n \n \n \n \n \n VANCOUVER, BC\n \n ,\n \n Oct. 27, 2021\n \n /CNW/ - Tribe Property Technologies Inc. (TSXV: TRBE) (\"Tribe\" or the \"Company\") is pleased to announce that it has agreed to acquire a portfolio of rental and commercial property management assets from NAI Commercial Okanagan, strengthening Tribe's property management services in the Interior region of\n \n British Columbia\n \n .\n \n \n \n \n \n \n \n \n \n \"We are pleased to welcome this portfolio into our fold and look forward to bringing our tech-enabled service delivery model to these investment assets and commercial properties,\" said\n \n Joseph Nakhla\n \n , CEO of Tribe. \"This acquisition supports the strengthening of our service delivery in the high-growth Interior region of\n \n British Columbia\n \n , opening additional revenue streams, while bringing efficiencies through the digitization of these communities. This latest acquisition is a continuation of activities that identify great accretive assets that expand our footprint and digital services in under-served markets. \"\n \n \n The acquisition expands Tribe's management of single unit rentals (commonly vacation rentals or single unit investment properties), rental-purpose apartment buildings, as well as its commercial building management portfolio. The Company has two offices already in the region in\n \n Kamloops\n \n and\n \n Kelowna\n \n and has deployed its platform in several communities.\n \n \n \"We are excited to be joining an innovative company that is solving traditional challenges with new technologies,\" said NAI Commercial Okanagan principal Mr.\n \n Tony Parmar\n \n . \"Tribe has figured out a model to build the infrastructure required to provide tech-enabled services and elevate the rental property management...