LiUNA and Fengate unveil 500 Upper Wellington, a new community for elevated rental living on Hamilton Mountain. Hamilton, ON, June 26, 2026 (GLOBE NEWSWIRE) - Today, Fengate Asset Management ("Fengate") announced the official opening of 500 Upper Wellington, a new 260-unit purpose-built rental community in Hamilton's Centremount neighbourhood. Located on the Hamilton Escarpment, the community offers expansive views with modern, family-oriented suites and is the first property to begin leasing under Fengate Communities which launched earlier this year. 500 Upper Wellington is a LiUNA Pension Fund of Central and Eastern Canada ("LPFCEC") project, developed in partnership with Fengate and The Hi-Rise Group. The project reflects the partners' shared commitment to expanding housing supply across Canada and underscores a long-standing, scalable approach to delivering high-quality, attainable rental housing solutions for Canadians. The opening comes amid continued need for purpose-built rental housing across Hamilton and Ontario. 500 Upper Wellington has achieved strong leasing performance, achieving approximately 30 per cent lease-up within three months of occupancy, reflecting high interest from residents seeking professionally managed rental options in Hamilton. The event featured comments from Mayor Andrea Horwath, City of Hamilton, Councillor Rob Cooper, Ward 8, City of Hamilton, Joseph Mancinelli, Chair of LPFCEC, LiUNA International Vice President and Regional Manager for Central and Eastern Canada, and John-Bosco Agbasi, Managing Director, Asset Management, Fengate Real Estate. "LiUNA has been helping build Hamilton and communities across Canada for generations, and our investment in 500 Upper Wellington reflects that long-standing commitment," said Joseph Mancinelli, Chair of LPFCEC, LiUNA International Vice President and Regional Manager for Central and Eastern Canada. "As demand continues to outpace supply, projects like this represent meaningful action toward increasing housing availability, creating opportunities for our members, and helping build stronger, more vibrant communities for today, and for the future. We are proud to continue investing in Hamilton, creating lasting value for the community while helping ensure the city remains a place of opportunity, growth, and prosperity for years to come." At 500 Upper Wellington, residents have access to a range of lifestyle amenities, including a double-height lobby, fully equipped fitness centre, resident lounge and dining space, outdoor terrace, dedicated children's playroom, pet run and indoor pet wash station. More than 40 per cent of suites offer two- and three-bedroom layouts, creating options for a variety of household sizes and living arrangements. 500 Upper Wellington features sustainability-focused design, including geothermal technology, heat recovery systems, energy-efficient ventilation, smart in-suite metering and EV-ready parking, while its location near transit, parks, retail and healthcare services offers residents convenient access to everyday amenities and the broader Hamilton community. "500 Upper Wellington is exactly the kind of community we are focused on delivering through our residential platform: high-quality, thoughtfully designed rental housing in well-connected neighbourhoods where people and families can build their lives," said Jaime McKenna, President of Fengate Real Estate. "Together with LiUNA, we are responding to Canada's housing supply challenge with communities that create enduring value for residents and our investors. Through Fengate Communities, we are bringing this vision to life through vibrant, connected and resident-focused living experiences across our growing portfolio." Earlier this year, Fengate launched Fengate Communities, unifying its residential properties under a single brand focused on fostering community and empowering prosperity for everyday Canadians. To learn more about 500 Upper Wellington and Fengate Communities, please visit www.fengatecommunities.com. About the LiUNA Pension Fund of Central and Eastern Canada Established in 1972, the LiUNA Pension Fund of Central and Eastern Canada (LPFCEC) is one of the fastest growing multi-employer pension funds across Canada, voted top 10 pension funds by Benefits Canada. With a diverse investment portfolio and over $13 billion in assets, LPFCEC has yielded positive returns for the plan, great work opportunities for LiUNA members, and has created many needed institutions across North America through a broad range of investments. Learn more at lpfcec.org. About Fengate Communities Fengate Communities delivers homes that raise the bar for how we live. We believe every neighbourhood has the potential to be something special. A place that feels connected, welcoming and built for progress. With thousands of homes delivered and more than 10 new communities on the way, we create places where opportunity and impact come together. We bring more than fifty years of experience shaping and managing communities that last. Our dedicated team is guided by integrity, excellence and collaboration, and a drive to empower prosperity. We design homes for how people live today and how they hope to live tomorrow. Each community brings people together and helps strengthen the places they call home. About Fengate Asset Management Fengate is a leading alternative investment manager, with more than $40 billion of assets under management, focused on infrastructure, private equity, and real estate strategies. With offices and team members in Canada and the United States, Fengate has a proven track record of successful projects and partnerships and an established reputation as one of the most active real asset investors and developers in North America. Fengate Real Estate, a division of Fengate Asset Management, is a fully integrated real estate investment, development and asset management platform with $9.8 billion of assets under management, including a 25,000+ residential unit pipeline and 5M+ square feet of industrial space in varying stages of development. Learn more at fengate.com. Attachments

Fengate Asset Management breaks ground on Jupiter Medical Center campus. Press Releases Infrastructure Project will develop a microhospital and medical outpatient facility within the Avenir master-planned community. Fengate Asset Management, in partnership with Stonemont and The Sina Companies, has broken ground on two new healthcare facilities in Palm Beach Gardens, Florida. The development will deliver a two-story, 53,000-square-foot microhospital alongside a three-story, 47,000-square-foot medical outpatient facility, both fully pre-leased on a 15-year basis to Jupiter Medical Center, a not-for-profit health system. These investments are managed on behalf of Fengate Infrastructure Fund IV and affiliated entities. The ceremonial groundbreaking marks a key milestone for the project, which will support Jupiter Medical Center's ability to serve one of South Florida's fastest-growing communities. The development will provide a full range of emergency, primary and outpatient services, including oncology, urology and cardiology. The projects are expected to be completed by 2028. This project represents the latest milestone in Fengate's expanding healthcare infrastructure platform. In the first four months of 2026, Fengate closed approximately $440 million in investments across key healthcare infrastructure segments, including medical outpatient facilities, inpatient rehabilitation facilities and microhospitals. Fengate executed these investments through a combination of build-to-suit developments and brownfield acquisitions, as well as single-asset and portfolio investments, reinforcing its strategy of building a diversified portfolio of essential healthcare infrastructure. Today, Fengate's healthcare portfolio comprises 70 investments, representing $1.7 billion in gross asset value and 4.5 million square feet. "This groundbreaking marks a significant step in expanding healthcare capacity within a rapidly growing community," said Aashik Rao, Managing Director, Investments, Fengate Asset Management. "We're focused on delivering essential healthcare infrastructure that meets evolving patient needs while building a resilient, diversified platform." "Healthcare infrastructure represents an important part of how we think about social infrastructure, and the activity we're seeing this year reinforces that view," said Mac Bell, Managing Director, Head of Social and Transportation. "The same fundamentals that make healthcare compelling - essential services, stable long-term partnerships, and deep community need - are consistent with how we think about social infrastructure more broadly." Fengate's healthcare investment strategy focuses on building a scaled, multi-billion-dollar platform of essential assets with leading health systems and operators, supported by disciplined investment across core, core-plus, value-add and development opportunities, and driven by strong partnerships and a proprietary pipeline.

Fengate's 2025 Sustainability Report highlights responsible investment across housing, healthcare, digital infrastructure, and energy transition in North America. Published: June 22, 2026 at 10:53AM EDT Toronto, ON, June 22, 2026 (GLOBE NEWSWIRE) - Fengate Asset Management ("Fengate") today released its 2025 Sustainability Report, detailing how the firm continues to integrate responsible investment across its infrastructure, private equity, and real estate strategies in Canada and the United States. Fengate continues to invest in critical assets addressing needs in housing, healthcare, digital infrastructure, and energy transition, while evolving its approach to climate resilience, sustainable design, governance, and transparency in reporting. "Responsible investing remains central to Fengate's strategy and to the way we create long-term value," said Lou Serafini, President and CEO, Fengate. "Our 2025 Sustainability Report demonstrates the progress we are making across essential sectors while reinforcing our focus on resilience, disciplined capital stewardship and meaningful outcomes for the communities where we invest." Report highlights: Advancing housing supply: LiUNA Pension Fund of Central and Eastern Canada ("LPFCEC") and Fengate broke ground on five residential real estate projects, including The Dennis in Toronto's Mount Dennis neighbourhood. The transit-oriented community will deliver more than 448 rental homes, including 89 affordable homes and six rental replacement units, and is among the first projects to advance under the City of Toronto's Purpose-Built Rental Housing Incentives stream.Supporting Canada's largest hospital project: Fengate is participating in the Peter Gilgan Mississauga Hospital and Shah Family Hospital for Women and Children, the largest hospital project in Canada's history. The new 2.8 million square foot facility is expected to deliver more than 950 patient beds and create more than 2,800 permanent healthcare jobs.Strengthening responsible labour impact: Fengate projects accounted for more than 2.7M union construction hours and more than 3.5M union operating and maintenance hours across North America.Expanding renewable energy capacity: Fengate's energy transition assets generated more than 2.2M MWh of renewable energy, with 749+ MW of installed renewable capacity and 530K+ tCO2e in absolute avoided carbon emissions.Optimizing production to reduce food waste: Fengate Private Equity portfolio company Sweets from the Earth, a family-run bakery using 100% vegan ingredients, saved 330+ kg of food waste through their Just the Ends program to maximize product use. "This year's report reflects continued progress in how we assess, manage and report on material sustainability-related issues across Fengate's platform," said Della Nice, Director of Responsible Investment, Fengate. "From climate risk and sustainable design to responsible labour and governance, our focus is on building a practical and credible approach that supports better decision-making, stronger resilience, and long-term value creation." Fengate's responsible investment governance model includes oversight through its Responsible Investment Council, and emphasizes participation in key frameworks and benchmarks such as UNPRI, GRESB, TNFD Forum membership, ILPA, and SFDR-related disclosure practices where applicable. About Fengate Asset Management Fengate is a leading alternative investment manager with more than $12 billion of capital commitments under management, focused on infrastructure, private equity, and real estate strategies across North America. With offices and team members across Canada and the United States, Fengate leverages more than 50 years of entrepreneurial experience to deliver excellent investment results on behalf of its clients. Learn more at www.fengate.com. NEWS RELEASE TRANSMITTED BY Globe Newswire Globenewswire