Real Estate

Commercial Home Building Property Management REIT Real Estate Residential
News Release Digital Asset Direct

New Legal & General Study on Millennials and Housing Looks at Effects of Covid-19 on Millennial Home Buying Plans

Legal & General

68% of millennials said Covid had some impact on their thinking about where they could live 36% of millennial parents and those already saving for a home want to move to smaller cities/towns Among U.S. millennials living in suburban areas, 27% completely abandoned their home-owning plans due to Covid Even as a second wave of the pandemic threatens to upend the fragile normalcy people were resuming, the Covid-19 pandemic was already having a profound effect on millennials’ attitudes and realities around housing. Today, the second part of a broad new study conducted by Legal & General Group, U.S. Millennials and Home Ownership – A Distant Dream for Most, digs into the effects the Covid-19 pandemic has had on this generation’s attempts to get onto the housing ladder and paints an ongoing picture of the housing difficulties millennials have had and will continue to have in coming months and years. This second segment of the data-rich study, While Delta Portends Further Disruption, Covid Has Already Thwarted Millennials’ Home Buying Plans, takes a deep dive into the effects of the pandemic on specific demographics within the 25- to 40-year-old U.S. millennial population. And the consequences have been formidable: even as of April/May 2021, 12% of millennials across all age groups said that Covid-19 had caused them to abandon their plans of home-ownership completely. Legal & General Group Chief Executive Nigel Wilson commented: “With the Delta variant now on the rise in the U.S., it’s key to understand how and whether the pandemic has put the brakes on millennial home buying. Here we see that housing affordability, already an issue for them in big cities and other desirable areas, became further unattainable to people in their mid to late 30s, many of whom opted to return to their hometowns, in some cases even their parents’ houses. This is a societal problem with significant repercussions: millennials form the largest working cohort, yet many can’t get onto the ladder of home-ownership.” Study Co-Author and Legal & General Corporate Affairs Director John Godfrey notes: “Prices for homes in the U.S. have been rising sharply, while wages, particularly for younger workers, have stagnated. With the awareness that Covid has further stymied home buying plans of a significant portion of millennials, lenders and builders alike should be looking toward solutions that will help this demographic get onto the housing ladder.” Legal & General’s study looks not only at housing affordability, but also at geographic and demographic choices based on age and life stage, and at various drivers shaping millennials’ attitudes and plans, including Covid-19 and its role in their ability—or inability—to purchase a home. Future segments will look in-depth at the wage stagnation and inflation equation; the intergenerational housing gap; home-ownership on U.S. Millennials’ bucket list; student debt and the cost of healthcare; and where Millennials stand on retirement and other savings vehicles. Notes To Editors The information contained in this press release is intended solely for journalists and should not be relied upon by private investors or any other persons to make financial decisions. About the Study Legal & General undertook proprietary research into the attitudes and changes, as well as geographic shifts, U.S. Millennials are experiencing in relation to home purchases and affordable housing. The U.S. Millennials and Home Ownership research was compiled using original survey data 875 U.S. based Millennials who don’t own a property, then segmented into three distinct age groups and other demographic markers. The survey work was carried out by Legal & General. Fieldwork was undertaken during March and April, 2021. All surveys were carried out online. About Legal & General Group Established in 1836, Legal & General is one of the UK’s leading financial services groups and a major global investor, with international businesses in the U.S., Europe, Middle East and Asia. With over $1.4 trillion in total assets under management, Legal & General is the UK’s largest investment manager for corporate pension schemes and a UK market leader in pension risk transfer, life insurance, workplace pensions and retirement income. Contact Details Meir Kahtan Public Relations Meir Kahtan +1 917-864-0800 mkahtan@rcn.com Company Website https://www.legalandgeneralgroup.com/

August 19, 2021 10:00 AM Eastern Daylight Time

PCMA Private Client Is Presenting At The 2021 Western Secondary Market Conference

PCMA

PCMA, the pioneer and leading voice in Non-Bank Private Client Lending, will be presenting at the 2021 Western Secondary Market Conference; Thursday August 26 th at 10:45am PT. CEO and Founder of PCMA, John R. Lynch, will be speaking on the “Non-QM Roundtable” panel addressing the growing need for the industry to understand the plethora of categories that make up the Non-QM. Mr. Lynch will focus on Non-Agency Expanded Prime Credit for High-Net-Worth Estates. “I am honored to be speaking at the 2021 Western Secondary Market Conference with a distinguished group of industry experts to take on the challenge of properly shaping the red hot NQM market opportunities” said John Lynch, CEO and Founder of PCMA. “Wrapping all aspects of Non-Agency RMBS into NQM designation is creating confusion within the broader credit market and I am looking forward to imparting our interpretation of the market opportunity to the contemporaries in our space.” John R. Lynch will contribute to the discussion on the “ Non-QM Roundtable ” alongside fellow industry expert panelists: Tom Hutchens, EVP, Production, Angel Oak Mortgage Solutions; John Keratsis, President & CEO, Deephaven; Jeffrey Lemieux, Managing Director, Correspondent Lending, Acra Lending; Shea Pallante, President, Sprout Mortgage; and Jeff Schaefer, EVP, National Sales, Verus Mortgage Capital. “PCMA understands the complexities that surround the Non-QM vertical, especially as it pertains to high capacity, Private Clients,” said Lynch. “To gain market share in this highly competitive market, it is paramount to commit and specialize in an area of credit that will allow for scale and dominance.” About PCMA: PCMA is the nation’s leading Non-Bank Private Client Lender serving the complex credit needs of their High-Net-Worth clientele. PCMA offers qualified individuals and institutions bespoke lending solutions across all major residential asset classes. PCMA is a diversified financial enterprise offering private client solutions through a direct to consumer and distributed retail business model. PCMA strives to build trusting and enduring relationships by putting clients and professional partners at the center of all they do. PCMA is headquartered in Orange County, CA. Additional information is available at:www.pcma.us.com Contact Details Jason Jepson +1 949-394-7033 jason.jepson@pcma.us.com Company Website https://pcma.mortgage/

August 19, 2021 08:00 AM Eastern Daylight Time

Airbnb.org Program Offers Free, Temporary Housing to Disaster Victims

YourUpdateTV

Communities across the US are in the midst of hurricane and wildfire season. When disasters like this strike, many people find themselves in need of temporary housing and space to figure out what’s next. Airbnb.org’s emergency response program helps connect people to temporary places to stay in times of need. Recently, Kristen Berlacher, the Head of Airbnb.org Programs, teamed with YourUpdateTV on a satellite media tour to discuss this initiative and share tips on how to be better prepared for disasters and how to help impacted communities. A video accompanying this announcement is available at: https://youtu.be/OD7JPciKRbE The inspiration for Airbnb.org began in 2012 with a single host named Shell who opened up her home to people impacted by Hurricane Sandy. This sparked a movement and marked the beginning of a program that allows hosts on Airbnb to provide stays for people in times of need. Since 2012, the program has responded to hundreds of disasters and helped find temporary housing for evacuees and relief workers around the world. Airbnb helped people in times of crisis through the Open Homes initiative. Airbnb.org, a 501(c)(3) nonprofit, is the next chapter. The program has evolved to focus on emergency response and to help provide stays to evacuees, relief workers, refugees and asylum seekers, and most recently, frontline workers fighting the spread of COVID-19. How it Works: Airbnb.org will allow hosts on Airbnb to provide free and discounted stays to people impacted by emergencies, including the COVID-19 pandemic and natural disasters. These stays, which provide alternative accommodation and shelter options, are especially helpful to government and nonprofit partners in a year where the COVID-19 pandemic has made housing vulnerable people in traditional congregate shelters extremely challenging. Hosts who support Airbnb.org by offering free stays or making recurring donations will receive a special badge on their profile to recognize their generosity and commitment to communities in need. Anyone who finds joy in helping others, who believes in kindness and is interested in helping by opening their homes or donating to this cause, can learn more at airbnb.org/join About KRISTEN BERLACHER: As Head of Airbnb.org Programs, Kristen leads a global team that supports Airbnb.org’s efforts to help people impacted by natural disasters, refugees and frontline responders fighting the spread of COVID- 19. With a background in tech-enabled social impact, philanthropy and nonprofit management, Kristen, as an employee of Airbnb, oversees strategic partnerships, government relations, response operations and community engagement for Airbnb.org with the goal of leveraging Airbnb’s unique assets to provide innovative housing solutions and livelihood opportunities for vulnerable populations around the globe. Prior to Airbnb, Kristen led Hyatt Hotel Corporation’s global philanthropy programs focused on economic empowerment, disaster response and employee volunteerism. Before Hyatt, Kristen served as Deputy Director for Working in the Schools, a nonprofit focused on literacy programming for vulnerable youth. Kristen holds a BA in Leadership Studies from the University of Richmond, VA About Airbnb.org: Airbnb.org is a nonprofit organization dedicated to facilitating temporary stays for people in times of crisis around the world. Airbnb.org operates independently and leverages Airbnb, Inc.’s technology, services, and other resources at no charge to carry out Airbnb.org’s charitable purpose. The inspiration for Airbnb.org began in 2012 with a single host named Shell who opened up her home to people impacted by Hurricane Sandy. This sparked a movement and marked the beginning of a programme that allows Hosts on Airbnb to provide stays for people in times of need. Since then, the programme has evolved to focus on emergency response and to help provide stays to evacuees, relief workers, refugees, asylum seekers, and most recently, frontline workers fighting the spread of COVID-19. Since then, Hosts have offered to open up their homes and helped provide accommodations to 75,000 people in times of need. Airbnb.org is a separate and independent entity from Airbnb, Inc. Airbnb, Inc. does not charge service fees for Airbnb.org supported stays on its platform. About YourUpdateTV: YourUpdateTV is a social media video portal for organizations to share their content. It includes separate channels for Health and Wellness, Lifestyle, Media and Entertainment, Money and Finance, Social Responsibility, Sports and Technology. Contact Details YourUpdateTV +1 212-736-2727 yourupdatetv@gmail.com

August 17, 2021 05:05 PM Eastern Daylight Time

Video

Behr Paint Company Partners With HomeSphere to Offer Exclusive Rebates

HomeSphere

Behr Paint Company, one of the largest manufacturers of paints, primers, decorative finishes, stains and surface preparation products, today announced a partnership with HomeSphere, a marketplace connecting building product manufacturers with the largest homebuilder network in the industry. Homebuilders in HomeSphere’s network can now access significant rebates on all BEHR® and KILZ® Products, including the entire line of BEHR® Paints, Stains and Primers. The partnership increases builder savings without valuable time wasted on additional paperwork or calculations – HomeSphere’s platform calculates rebates automatically, and payments are made directly. “With material costs on the rise, HomeSphere is working to lighten the burden by partnering with high-quality brands like Behr,” said HomeSphere President Greg Schwarzer. “More savings for homebuilders means we can help keep production going and help boost an industry still feeling the effects of the pandemic.” HomeSphere understands the unique challenges that are currently impacting residential builders, including product sourcing and trade availability. Its platform connects builders to the product’s source, so they can construct and close homes on schedule. “We look forward to bringing our innovative and high-quality products to HomeSphere’s network of homebuilders as an extension of our commitment to the Pro community,” said Behr Senior Vice President of Sales Jason Weeks. “HomeSphere’s advanced rebate platform will help us provide even more exclusive savings to new and existing customers.” More than 2,600 single-family and multifamily home builders use HomeSphere’s technology and services to access incentives from leading building product manufacturers, resulting in millions of dollars claimed every year. About HomeSphere Established in 1999, HomeSphere connects America’s local and regional homebuilders to exclusive product incentives through My HomeSphere®, its award-winning rebate management platform. Previously only available to the largest national homebuilders, more than 2,600 single-family and multifamily builders trust My HomeSphere® to grow their returns by quickly capitalizing on product incentives available through HomeSphere’s network of 80+ manufacturers and brands. For more information about HomeSphere’s products and solutions for homebuilders and manufacturers, visit www.homesphere.com. About Behr Paint Company Founded in 1947, Behr Paint Company is one of the largest manufacturers of paints, primers, decorative finishes, stains, surface preparation and application products for do-it-yourselfers and professionals in the United States, Canada and Mexico. The Santa Ana, California-based company and maker of the BEHR®, KILZ®, WHIZZ® and E&J® brands is dedicated to meeting the project needs of DIYers, professionals, architects and designers with an unwavering commitment to quality, innovation and value. For more information, visit BEHRPRO.com to learn about BEHR products and BEHR PRO® services. Behr Paint Company is a subsidiary of Masco Corporation (NYSE: MAS). Contact Details HomeSphere Liz Polson, Director of Marketing lpolson@homesphere.com Center Reach Communications Tracy Henderson +1 720-989-3530 tracy@centerreachcommunication.com

August 17, 2021 07:12 AM Mountain Daylight Time

VBox ATSC 3.0 TestBed

VBox Communications

FOR IMMEDIATE RELEASE: Jonathan Rind VBox Communications Ltd +972-9-9502821 Marketing@vboxcomm.com VBOX ATSC 3.0 Testbed New Enhanced Version of TV Gateway for NextGenTV Developers & System Integrators HERZLIYA, ISRAEL August 11 th 2021 – VBox Communications, a pioneering specialist in broadcast TV streaming, recording and digital datacasting, announced the availability of its new ATSC 3.0 Testbed – an enhanced version of the company’s original ATSC 3.0 Android TV Gateway product released earlier this year. The VBox ATSC 3.0 Testbed is designed for TV stations, broadcast engineers, video system integrators, digital app developers, and others in the emerging NextGenTV technology development ecosystem looking to test “real-world” ATSC 3.0 features and functionality. As US deployments of the ATSC 3.0 broadcast standard approach 50% market penetration later this summer – and more than 70% by the end of 2021 – a priority shift towards commercial productization and monetization of potential NextGenTV capabilities is quickly coming into focus. VBox’s ATSC 3.0 Testbed provides an ideal, ready-made toolkit for monitoring service performance and ascertaining technical viability for product field trials and market launches. The VBox ATSC 3.0 Testbed offers the ability to analyze both linear and “beyond-TV” ATSC 3.0 signal provision through features such as: ATSC 3.0 Signal Reception: Ensuring signals arrive as expected, via ROUTE and DASH protocols; Advanced Emergency Alerts Reception: Enabling AEA-standard weather and storm information as well as localized emergency messaging; Electronic Service Guide Reception and Visualization: Monitoring of broadcaster/3 rd -party programming information for accuracy and timeliness; SDK Provision and Testing Documentation: Enabling oversight of 3 rd -party application development, deployment and compliance testing. AEA Advanced Emergency Alerts example: As an official member of the Advanced Television Systems Committee VBox Communications is committed to implementing ATSC 3.0 VBox’s ATSC 3.0 Testbed offers a unique approach to addressing the advanced features and benefits of the new ATSC 3.0 standard in addition to the video and audio features enhancements it provides. ESG Electronic Service Guide in ATSC 3.0 example: About VBox Communications: VBox Communications ( https://vboxcomm.com/ ) is an expert in Digital TV, offering products that deliver live TV broadcasts (e.g., DVB-T/T2, DVB-C, DVB-S2, ISDB-T/ATSC) to IP combined with OTT video streaming services, for home and business use. VBox’s innovative, end-to-end firmware, software, and hardware solutions empower telcos, STB/streamer OEMs, and integrators to harness the benefits of converged live broadcast and IP- based TV – while helping grow revenues, streamlining communications and reducing costs. The company is also an active contributor and participant in the evolving 5G Broadcast standard, with planned products in the pipeline. For more details about the ATSC 3.0 Testbed, please contact us at: marketing@vboxcomm.com. More information about the VBox ATSC 3.0 TV Gateway can be found at: https://vboxcomm.com/landing/landing-atsc3/ About VBox: VBox Communications is an expert in digital TV and new media, combining Live TV broadcast to IP and OTT. Our solutions empower Telco's, STB/streamer OEMs and integrators to harness the benefits of converged live broadcast TV and OTT services. VBox enables outstanding viewing experience (watch, stream and record at home and on the go) encompassing Live TV broadcast with OTT, supporting a variety of worldwide TV Sources. Contact Details VBox Communications Jonathan Rind +972 9-950-2821 jonathanr@vboxcomm.com Company Website https://vboxcomm.com/

August 11, 2021 09:12 AM Eastern Daylight Time

Image

Purify Fuel’s nanO2 ESG Combustion Catalyst Provides Immediate Reduction of GHG Emissions Addressing “Code Red for Humanity” Declared by IPCC Report

Purify Fuel

In a report issued this week, the IPCC (Intergovernmental Panel on Climate Change) issued a “Code Red for Humanity” citing that impacts from human activity are exceeding the limits set in 2015 for temperature increases. “Global warming of 1.5°C and 2°C will be exceeded during the 21st century unless deep reductions in carbon dioxide (CO2) and other greenhouse gas emissions occur in the coming decades” cited the report. In a world looking for solutions, the report recognized that “from a physical science perspective, limiting human-induced global warming to a specific level requires limiting cumulative CO2 emissions, reaching at least net zero CO2 emissions, along with strong reductions in other greenhouse gas emissions.” It further stated “Our report shows that we need to be prepared for going into that level of warming in the coming decades. But we can avoid further levels of warming by acting on greenhouse gas emissions,” said report co-chair Valerie Masson-Delmotte, a climate scientist at France’s Laboratory of Climate and Environment Sciences at the University of Paris-Saclay. Calling for immediate action, the report stated, “It is unequivocal that the increase of CO2, methane (CH4) and nitrous oxide (N2O) in the atmosphere over the industrial era is the result of human 10 activities and that human influence is the principal driver of many changes observed across the 11 atmosphere, ocean, cryosphere and biosphere.” Propelled by this sense of urgency, major industrial companies are turning to Purify Fuel’s nanO2 tm family of Combustion Catalysts to provide an immediate reduction in greenhouse gases. “With the world’s focus on developing immediate fossil fuel alternatives, we cannot lose sight of the reality that the majority of industries are still dependent on heavy duty diesel fuel applications and searching for ways to reduce emissions” stated John Carroll, Chief Executive Officer of Purify Fuel. “We are pleased that the immediate benefits of our nanO2 ESG Catalyst to help diesel and biodiesel fuel burn cleaner is being embraced by these industries to reduce GHG levels immediately”. Purify Fuel has been identified as one of the world’s most innovative sustainable technology companies. Its nanO2 Combustion Catalysts provide a transitional solution that will help fight climate change until alternatives are invented. It successfully reduces CO2, methane and nitrous oxide, which together represent 98% of all greenhouse gases. The product has been extensively tested since the middle of last year and has been aggressively launched across multiple industries (rail, marine, oil and gas, and mining). Since 2018 it has treated 75MM gallons of diesel removing the equivalent emissions produced by more than 200,000 automobiles. Purify Fuel uses patented nanotechnology-based rare earth oxides to help large diesel operators save money and reduce emissions. Purify Fuel’s nanO2 ESG Catalyst® are custom blended to optimize diesel fuel, biodiesel and dual-fuel blends for marine, fracking, military, mining, power generation, and rail markets. The combustion catalysts increase energy harvested from each gram of fuel while reducing particulate matter emissions and soot created by incomplete combustion. Purify Fuel works directly with large consumers of diesel and biodiesel fuel to help them save money, increase power, and reduce emissions. Contact Details Purify Fuel Carleen Lyden Walker +1 203-260-0480 c.walker@purifyfuel.com

August 11, 2021 08:15 AM Eastern Daylight Time

Image

Cyvatar’s Craig Goodwin Named a Finalist for the Top 10 Cybersecurity Experts at the 2021 Black Unicorn Awards

Cyvatar

Cyvatar today announced the selection of a member of its senior executive team as a finalist for outstanding achievement at this year’s Cyber Defense Magazine Black Unicorn awards, announced during the 2021 Black Hat USA conference. Craig Goodwin, Cyvatar co-founder and chief product and strategy officer, was selected as a finalist for the Top 10 Cybersecurity Experts; he competed against the industry’s leading cybersecurity experts for this prestigious award. “We’re pleased to name Craig Goodwin as a finalist for the Top 10 Cybersecurity Experts among the elite group of information security professionals at the third annual Black Unicorn awards,” said judges Robert R. Ackerman Jr., David DeWalt, Dr. Peter Stephenson, and Gary Miliefsky. “This year’s competition was fierce, and he should be proud of his achievement.” Craig was selected from security practitioners around the world that vied for top honors. He is a battle-tested CISO who has built a successful career delivering transformative IT and security programs by combining holistic security, IT, and business leadership expertise to produce extraordinary results. Craig’s innovation brings the membership economy to cybersecurity with Cyvatar’s CSaaS platform, which is rapidly becoming the de facto operating system for today’s security programs. “At a time when so many companies struggle to find top security resources, we’re blessed to have an exceptional talent like Craig leading company strategy,” said Corey White, Cyvatar co-founder and chief executive. “Because we offer cybersecurity as a service, people are the lifeblood of our organization. The work Craig and his team have done to bring the award-winning Cyvatar platform to customers enables us to deliver fast, affordable, fully managed security programs to any size business at prices that don’t break the bank. His achievement means no customer has to go without the very best cybersecurity available today.” Only Cyvatar offers subscription-based CSaaS designed to provide outcomes, continuous remediation, ongoing solution maintenance, and the ability for all of its customers to execute their security strategies at speed and scale. Find out how CSaaS can work for your business at cyvatar.ai. About Cyber Defense Awards This is Cyber Defense Magazine’s 9th year of honoring cybersecurity innovators, in this case the Black Unicorn Awards for 2021 on our Cyber Defense Awards platform. In this competition, judges for these prestigious awards includes cybersecurity industry veterans, trailblazers and market makers Gary Miliefsky of CDMG, Dr. Peter Stephenson of CDMG, Robert R. Ackerman Jr. of Allegis Cyber and David DeWalt of NightDragon with much appreciation to emeritus judge Robert Herjavec of Herjavec Group. To see the complete list of finalists for the Black Unicorn Awards for 2021 please visit https://cyberdefenseawards.com/black-unicorn-awards-finalists-2021/ About Cyvatar Cyvatar is committed to making cybersecurity effortless for everyone. As the industry’s first subscription-based, cybersecurity-as-a-service (CSaaS) company, it’s our mission to transform the way the security industry builds, sells, and supports cyber solutions. We empower our members to achieve successful outcomes by providing expert advisors, proven technologies, and a strategic process roadmap to guarantee results that map to their business drivers. Our approach is rooted in proprietary ICARM (installation, configuration, assessment, remediation, maintenance) methodology that delivers smarter, measurable security solutions for superior compliance and cyber-attack protection faster and more efficiently, all at a fixed monthly price. And because we’re a subscription, members can cancel anytime. Cyvatar is headquartered in Irvine, California with locations around the world. Begin your journey to security confidence at https://cyvatar.ai/ and follow us on LinkedIn and Twitter. Contact Details Cyvatar KC Higgins +1 303-434-8163 kc@cyvatar.ai Company Website https://cyvatar.ai/

August 11, 2021 07:00 AM Eastern Daylight Time

Palm Communities Unveils 50-Unit Affordable Housing Community

Palm Communities

Palm Communities announces the grand opening of Cedar Glen II, an affordable housing community in Riverside, California, that will assist rent-burdened families and provide permanent supportive housing for special needs individuals. Palm’s affordable housing community supports Riverside County’s Housing First goals as an approach to successfully connect people experiencing homelessness to services and permanent housing. “Preserving and increasing the quality of life for Riverside residents is one of my top priorities,” said Jim Perry Riverside City Council, Ward 6. “Strong public and private partnerships to provide affordable housing and services are imperative to reduce and prevent homelessness in the community. Permanent supportive housing options like Cedar Glen II is one way the city is investing in long-term infrastructure to support, improve and enrich the economic and social opportunities for Riverside residents.” Cedar Glen II is the second phase of a broader affordable development community. It is the fifth community in which Palm Communities and Riverside County have partnered to provide permanent supportive housing in the area. Additionally, this is the first community in Western Riverside County to utilize “No Place Like Home” funds from the State of California, specifically targeting individuals and families who have been homeless. “Restoring private-sector jobs, improving local infrastructure, and investing in affordable housing are ideal opportunities to increase economic development in Riverside,” said Kevin Jeffries, Riverside County Board of Supervisors, 1st District. “It is essential that quality permanent supportive housing opportunities are built to keep the positive trajectory of growth for our neighborhoods, businesses and families.” Located at 9830 County Farm Road, the community offers one- and three-bedroom apartments. The service-enriched community includes a clubhouse, kitchen, free computer lab, tot-lot, basketball/futsal court, and a walking circuit with exercise equipment. Additionally, residents will have access to on-site case management and connectivity to other services in the community. “California is experiencing an extreme shortage of nearly one million affordable rental housing units for low-income renters. Riverside is ramping up its efforts to meet this demand, and we are thankful to the Riverside City Council and the County Board of Supervisors for supporting the development of Cedar Glen,” said Dan Horn, President, Palm Communities. “Affordable housing is making a clear difference in the lives of our residents and improving the communities in which we build.” Palm has been developing tax credit communities in Riverside County for nearly 40 years and has partnered with the county since 2010 to provide permanent supportive housing. Palm was also the first affordable housing developer to leverage the county’s Mental Health Services Act (MHSA) funds. Cedar Glen II is leased up and will be fully occupied by August 2021. For more information about our properties and availability, please visit Our Communities! About Palm Communities Palm Communitie s is an affordable housing developer in California specializing in housing for families, seniors, and those with special needs. For over 41 years, and with nearly 2,000 multi-family units, Palm Communities builds and maintains strong collaborative relationships with public agency partners, business partners, lenders, and non-profits. Palm focuses on quality for generations and believes that affordable housing is one first step to provide residents with the best opportunity to improve their life outcomes. Contact Details Palm Communities Lauren Horn +1 760-285-4230 Lhorn@palmcommunities.com Company Website https://www.palmcommunities.com

August 10, 2021 11:15 AM Pacific Daylight Time

Crawford Hoying invests $6 Million in reAlpha to Accelerate Growth in the $1.2 Trillion Short-Term Rental Market

reAlpha

reAlpha, a cutting-edge technology company launching an innovative platform meant to empower everyone to invest in the $1.2 trillion short-term rental market, today announced it has closed on a $6 Million investment round. Crawford Hoying, a $1.3 billion real estate holding company in the Midwest, is the lead investor in this round. Brent Crawford, the Founder and Principal of Crawford Hoying said, “reAlpha’s data-driven approach is a paradigm shift for the short-term rental investment market. The proprietary technology developed to identify, acquire, and market properties with lower risk is a big leap. We strongly believe in the team’s conviction and vision to scale this into a leader in this space.” The new funding will accelerate reAlpha's growth, including investment in its platform, data science function and engineering capabilities. Additionally, the proceeds will be used towards expanding its geographical presence, operations, and member network. “reAlpha enables superior alpha yield by investing in short-term rental properties. We have simplified the entire process of investing and managing these properties using advanced technologies. This allows ‘Mainstreet’ investors to access the real estate investment market like never before,” said Giri Devanur, CEO of reAlpha. As part of overall customer preference trends, the heightened desire for short-term rentals is changing hospitality and travel on a global scale. Because of this, a new wave of investment opportunities in real estate have emerged. reAlpha’s unique model allows consumers to benefit from both the superior returns of short-term rental income as well as the increase in property value through renovations and appreciating market conditions. Through reAlpha’s network, investors will be able to invest in vacation homes, democratizing access to the real estate market. For more information about reAlpha, please visit www.realpha.com. ### About reAlpha: reAlpha is a digital marketplace that enables its members to simplify wealth creation through investments in short-term rental properties while delivering exceptional guest experiences. reAlpha sources and scores properties from the wholesale market using a proprietary AI driven algorithm called reAlphaBRAIN. It then predicts the viability of each property for the short-term rental market as well as the projected long-term value. The reAlpha platform allows investors to buy equity in specific properties, providing meaningful wealth generation opportunities through short-term passive income via Airbnb as well as equity-driven capital appreciation. reAlpha is based in Columbus, Ohio, and harnesses the power of talented teams in 13 countries across the globe. About Crawford Hoying: Crawford Hoying is a full-service real estate development company, based in Dublin, Ohio. Concentrating in all aspects of acquisition, design, development, construction, management, as well as commercial and residential brokerage. In the past five years alone, they have developed more than $1.3 billion of mixed-use, multifamily, office, and retail properties. Crawford Hoying creates a sense of Place; focused on consumer needs from a commerce, culture, and community perspective. To learn more about Crawford Hoying, visit www.crawfordhoying.com Contact Details reAlpha Tech Corp Christie Currie +1 614-203-3723 christie@realpha.com

August 04, 2021 09:00 AM Eastern Daylight Time

1 ... 58 59 60 61 62 ... 64