Vancouver, BC – Tribe Property Technologies Inc. (TSXV:TRBE) (OTCQB:TRPTF) (“Tribe” or the “Company”) a leading provider of technology-enabled property management solutions, announced today that Drew Keddy joins the Company in the new role of Chief Operating Officer as of September 1, 2022. He will report directly to Joseph Nakhla, Tribe Chief Executive Officer, focusing on organic growth opportunities, operational efficiencies, and accelerating the Company’s acquisition strategies.
Mr. Keddy has an extensive real estate background with three decades of experience in operations, most recently as President of Sutton Group Realty Services. Prior to his time at Sutton, Mr. Keddy was a former VP of Canada, VP of North American Operations and Director of Corporate Development with Colliers International.
“We are pleased to welcome Drew Keddy to Tribe, with his proven expertise leading high growth real estate operations, Drew will be of immense value as we optimize our processes and continue scaling our operational capacity in our next chapter of growth,” said Tribe CEO Joseph Nakhla. “Mr. Keddy’s experience growing companies through mergers and acquisitions both domestically and internationally, will not only take Tribe’s M&A strategy to the next level, but help to accelerate our growth going forward.”
“I’m honoured to join the team and support Tribe’s purpose of simplifying residential community living with the most comprehensive suite of products and services for building and managing residential communities,” said Mr. Keddy. “Tribe’s integration of technology with service delivery is transforming how people experience community living, connect with their neighbours and interact with their homes.”
Concurrent with Mr. Keddy’s appointment, the Company granted Mr. Keddy stock options to purchase an aggregate of 90,000 common shares of the Company at an exercise price of $2.00 for a period of 4.25 years. The stock options will vest in three equal tranches on the 1st, 2nd and 3rd anniversary of the grant date.
About Tribe Property Technologies
Tribe is a property technology company that is digitizing the traditional property management industry. As a rapidly growing tech-forward property management company, Tribe’s integrated service-technology delivery model serves the needs of a much wider variety of stakeholders than traditional service providers.
Tribe’s three revenue pillars are made up of software and service (recurring licensing and management fees), transactional (rent or condo fees, banking services, lease-ups) and digital services and partnership (smart building products, financial and insurance service) revenue.
Tribe seeks to acquire highly accretive targets in the fragmented North American property management industry and transform these businesses through streamlining and digitization of operations. Tribe’s platform decreases customer acquisition costs, increases retention, and allows for the addition of value-added products and services through the platform. Visit tribetech.com for more information.
ON BEHALF OF THE BOARD
Chief Executive Officer
Tribe Property Technologies Inc.
Chief Executive Officer
1155 West Pender Street, Suite 419
Vancouver, British Columbia
For media queries contact:
VP, Marketing & Communications
For investor relations queries contact:
VP, Investor Relations
Cautionary Statement on Forward-Looking Information
This news release contains certain statements which constitute forward-looking statements or information under applicable Canadian securities laws, including, but not limited to, statements relating to the Company’s goals and strategy; appointment of Mr. Drew Keddy. Such forward-looking statements are subject to numerous known and unknown risks, uncertainties, and other factors, some of which are beyond the Company’s control, which could cause actual results or events to differ materially from those stated, anticipated or implied in the forward-looking statements. These risks and uncertainties include changes to applicable laws or the regulatory sphere in which the Company operates, general economic and capital market conditions, and stock market volatility. Although the Company believes that the forward-looking statements in this news release are reasonable, they are based on factors and assumptions, based on currently available information, concerning future events, which may prove to be inaccurate. As such, readers are cautioned not to place undue reliance on the forward-looking statements, as no assurance can be provided as to plans, operations, results, levels of activity or achievements. The forward-looking statements contained in this news release are made as of the date of this news release and, except as required by applicable law, the Company does not undertake any obligation to publicly update or to revise any of the forward-looking statements, whether because of new information, future events or otherwise.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.