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Van Ness Corridor Emerges as San Francisco’s Premier Medical Destination

The Hoyt Organization

The Van Ness corridor has become one of San Francisco’s most dynamic medical and healthcare destination, anchored by the world-class Sutter Health’s California Pacific Medical Center and supported by an expanding ecosystem of medical office spaces and care providers. A highlight of this transformation is the 45,000 square feet of premium medical office space currently available at 939 Ellis St., making it the largest contiguous medical space on the market in San Francisco today. Strategically located just steps away from Sutter’s Van Ness campus, 939 Ellis offers an unparalleled opportunity for medical groups, specialty clinics, and healthcare innovators looking to establish a presence in the city’s fastest-growing healthcare hub. Ellis’ central location provides convenience for patients commuting from East Bay, the Peninsula, and Marin County. Connectivity to the Van Ness Corridor has never been better with the 2022 launch of the Van Ness Bus Rapid Transit, a 1.96-mile route running north-south featuring dedicated center bus lanes and nine stations. “The synergy between the neighborhood’s thriving healthcare community and access to transportation is reshaping the Van Ness corridor into a one-stop destination for high-quality patient care,” said Kurt Hackett, Vice President of Asset Management with Rethink Healthcare Real Estate, a private investment group that owns 939 Ellis St. “Whether it’s primary care, outpatient specialties, diagnostics, or wellness services, everything patients and providers need is increasingly concentrated in this central, transit oriented neighborhood.” The building, which is already about half occupied by Kaiser Permanente, comes to market amid a notable resurgence in San Francisco’s economy as the city positions itself for a boom in AI investments. The increase in business is being further fueled by the return-to-office trend and a growing belief that San Francisco is on the right track, according to recent surveys. Recently elected Mayor Daniel Lurie has spearheaded many new efforts that are working to bring businesses and visitors back to the world class downtown. As demand for centrally located, modern medical space continues to rise, the Van Ness corridor stands out as a focus for San Francisco’s healthcare future. “We could not be more bullish on this location,” said Jonathan Winer, President of Rethink Healthcare Real Estate. “Not only is San Francisco’s reemergence as a hotbed of business activity a catalyst for those looking to treat patients locally, but the ease of transit has made the Van Ness Corridor a convenient destination for doctors and patients, alike, who are coming from the outskirts of the city or the suburbs.” 939 Ellis St. offers flexible, build-ready medical office suites that can accommodate a range of specialties. It boasts a scenic rooftop terrace and available parking. For leasing inquiries at 939 Ellis St., contact Trask Leonard, president and CEO of Bayside Realty Partners at tleonard@baysiderp.com or Caroline Doyle, senior vice president of Bayside Realty Partners, at cdoyle@baysiderp.com. Contact Details The Hoyt Organization Andrew King +1 914-513-6895 aking@hoytorg.com Company Website https://rethink-capital.com/healthcare-real-estate/

April 23, 2025 10:20 AM Pacific Daylight Time

JOSH PRISTAW TO BECOME PRESIDENT OF CLARION PARTNERS

Clarion Partners

Clarion Partners LLC, a leading real estate investment manager, announced today that Josh Pristaw will be joining the Firm’s senior leadership team as Managing Director and President. This position will report directly to David Gilbert in his capacity as Clarion’s CEO and Chairman. Pristaw will sit on Clarion’s Executive Board and Investment Committee. Josh brings more than two decades of real estate experience across property sectors and functions, including acquisitions, asset management, portfolio development, and capital markets. He joins Clarion from Pretium, an investment firm with $60 billion under management across U.S. residential real estate, residential credit, and corporate credit. Josh has served as Senior Managing Director and Head of Pretium’s $35 billion real estate platform and a member of the Pretium Executive Committee. Prior to Pretium, Mr. Pristaw had co-founded GTIS Partners, a real assets investment firm, where he worked for 17 years and last served as a Partner, Co-Head of GTIS Brazil, Head of Capital Markets, and a member of the firm’s Investment Committee. Previously, he was a Principal and Co-Head of Acquisitions for Coventry Real Estate Advisors and was also a member of Coventry’s Investment Committee. “We are very pleased to have Josh take on a long-term strategic leadership role at Clarion,” commented Clarion CEO David Gilbert. “His diversified expertise is highly aligned with Clarion’s focus on continued global expansion in key sectors, which we view as fundamental to our ability to deliver compelling investment opportunities to our institutional and private wealth clients. We look forward to Josh’s significant contributions as we work to strategically expand our product set across the commercial real estate spectrum.” Per Pristaw, “The breadth and depth of Clarion’s dedicated real estate platform and talent are unique in the industry. I am very excited to join the management team and collaborate to develop and drive ongoing growth strategies, enhance and expand our brand and products, and above all, prioritize our commitment to client success.” Mr. Pristaw is expected to begin at Clarion mid-summer. Clarion Partners, LLC, an SEC registered investment adviser with FCA-authorized and FINRA member affiliates, has been a leading U.S. real estate investment manager for more than 40 years. Headquartered in New York, the firm maintains strategically located offices across the United States and Europe. With $72.5 billion in total real estate and debt assets under management, Clarion Partners offers a broad range of real estate strategies across the risk/return spectrum to approximately 500 institutional investors across the globe. Clarion Partners is an independently operated specialist investment manager of Franklin Templeton. More information about the firm is available at www.clarionpartners.com. Nothing herein constitutes an offer or solicitation of any product or service to any person or in any jurisdiction where such offer or solicitation is not authorized or is prohibited by law. Contact Details Rob Jesselson rob@craftandcapital.com Company Website https://www.clarionpartners.com

April 16, 2025 04:15 PM Eastern Daylight Time

Ballast Rock Names Max Jackson Managing Director and Private Credit Portfolio Manager

Ballast Rock

Ballast Rock, the diversified investment management firm, announced that it has named Max Jackson as Managing Director, Private Credit Portfolio Manager, at Ballast Rock Asset Management. In this newly created role, Jackson, who is based in San Francisco, will identify, diligence, and source private credit and development capital opportunities as well as lead merger and acquisition advisory. “Private credit has been among the fastest-growing segments of financial services, and we believe we have identified an attractive niche to explore these opportunities on behalf of our investors,” said Simon O’Shea, Chief Investment Officer of Ballast Rock. “Max has the right experience to help us increase our footprint in this important segment.” Prior to joining Ballast Rock, Jackson was a Vice President at KeyBanc in their Utilities, Power & Renewable Energy Capital Markets team. Offering a wide range of investment banking services and strategies to individuals, businesses, and institutional investors, he has advised on more than $1 billion in transactions and more than 500 assets transacted. “Ballast Rock’s experience in real estate gives it an edge in evaluating private credit across multiple industries,” Jackson said. “I look forward to helping the Ballast Rock team explore new ways and vehicles to capitalize on private credit for its investor base.” Prior to KeyBanc, Jackson worked at MVP Capital and Fifth Third Securities. Before his career as an investment banker, Jackson was senior auditor in Deloitte’s audit practice for four years, where he provided assurance services to both private and public companies with over $1 billion in revenue in the Retail, Green Tech and Financial Services industries. Jackson holds a bachelor’s degree from the University of California, Los Angeles, where he majored in Business-Economics and minored in both Environmental Systems in Society and Accounting. About Ballast Rock Group Ballast Rock is an integrated investment management company specializing in delivering risk-adjusted returns, accurate, and timely advice, high quality frequent reporting, and direct access to management. Ballast Rock operates Ballast Rock Asset Management, Ballast Rock Private Wealth, and Ballast Rock Capital. Ballast Rock Asset Management comprises Ballast Rock Real Estate, which includes the firm’s Sunbelt multifamily real estate funds, and Ballast Rock Ventures, comprising venture capital and private equity teams. Ballast Rock Private Wealth is a full-service registered investment advisor, with a focus on allocating into private asset classes. Ballast Rock Capital (member FINRA/SIPC) is an SEC-registered broker-dealer. Ballast Rock is committed to being a driver of positive change. The diversity of our team members brings valuable new perspectives to our industry for the benefit of our stakeholders and the broader community. Investment Disclosure The information contained in this press release has been prepared by Ballast Rock Holdings LLC (“Ballast Rock”) without reference to any particular reader’s investment requirements or financial situation. Potential investors are encouraged to consult with professional tax, legal, and financial advisors before making any investment into a private offering of securities. An investment in private securities would be speculative and would involve a high degree of risk. Investors must be prepared to bear the economic risk of such an investment for an indefinite period of time and be able to withstand a total loss of their investment. Please carefully consider the investment objectives, risks, transaction costs, and other expenses related to an investment prior to deciding to invest. Ballast Rock Capital LLC (“BRC”), MEMBER: FINRA / SIPC. BRC’s registered head office is 460 King Street, Suite 200, Charleston, SC, 29403. Tel: 800-204-2513. To check background information about BRC and its representatives, visit FINRA’s BrokerCheck. Please see important disclosure information in our Form CRS. Contact Details For Ballast Rock Lisa Aldape, Vocatus laldape@vocatusllc.com Company Website https://www.ballastrock.com/

April 15, 2025 09:00 AM Eastern Daylight Time

News Release

Astons Unveils Comprehensive Guide to Residency and Citizenship Options in Turkey

Rev Up Marketers

Astons, a leading global immigration and investment advisory firm, is shedding light on the various residency opportunities available in Turkey—one of the most strategically located and culturally rich countries bridging Europe and Asia. With increasing interest from international clients seeking second residency or citizenship options, Astons highlights Turkey’s two primary legal pathways: the Turkey residence permit system and the Turkey Golden Visa program, also known as Citizenship by Investment. “Turkey is rapidly becoming a top destination for investors, retirees, digital nomads, and global citizens seeking both lifestyle and mobility,” said Alena Lesina, spokesperson for Astons. “We are proud to guide our clients through each step, whether they are pursuing temporary residence or Turkish citizenship through strategic investments.” Flexible Residency or Full Citizenship—Astons Helps You Choose the Right Path The Turkish Residence Permit System offers short-term, long-term, family, and student permits, ideal for those working, studying, or joining family members. These options provide flexibility and affordability for foreigners seeking to stay legally in the country. The Turkey Golden Visa Program, meanwhile, offers a direct route to citizenship for investors. By purchasing real estate valued at $400,000 or investing $500,000 in banks or bonds, clients can obtain a Turkish passport within 3 to 6 months—one of the fastest citizenship-by-investment timelines globally. Tailored Advice for Lifestyle and Investment Goals Whether clients are attracted to cosmopolitan Istanbul, coastal resorts like Antalya and Bodrum, or affordable urban centers such as Ankara, Astons provides expert regional guidance. The firm’s legal and investment advisors ensure smooth, compliant processes, from application to settlement. About Astons Astons is a premier global immigration and investment advisory firm specializing in residency and citizenship by investment, international real estate, and private client services. With offices in key markets worldwide, Astons delivers tailored solutions to high-net-worth individuals, investors, and families seeking global mobility, asset protection, and lifestyle diversification. Trusted by thousands of clients, Astons combines deep legal expertise with world-class client service. For more information Please Visit https://www.astons.com/ Contact Details Astons Alena Lesina info@astons.com Company Website http://www.astons.com/

April 09, 2025 08:30 AM Eastern Daylight Time

XLRE ETF Provides Comprehensive Access to the Real Estate Sector

Select Sector SPDR

The Select Sector SPDR Real Estate Sector ETF ( XLRE ) continues to be a compelling choice for investors seeking strategically tailored exposure to the diverse real estate industry. Since its inception in 2015, XLRE has provided a focused pathway into Real Estate Investment Trusts (REITs) and real estate management and development markets, while maintaining a disciplined approach to its portfolio design. A Purposeful Portfolio XLRE is comprised of 31 holdings, offering exposure to key real estate industries including industrial, data center, and telecommunications. This ETF emphasizes large cap Real Estate companies concentrating a significant portion of its allocation—over 60%—into its top 10 holdings. Top Holdings* include: ProLogis – 9.61% American Tower A – 9.43% Welltower – 8.65% Equinix – 7.36% Simon Property A – 4.72% Realty Income – 4.71% Public Storage – 4.37% Digital Realty – 4.20% Crown Castle – 4.20% CBRE – 3.58% Low-Cost Investment Solution One of XLRE’s key advantages is its extremely competitive expense ratio of 0.08%**. This low-cost structure aims to provide investors with an affordable option by minimizing fees. For those exploring sector-specific investments, this cost-effective option may present a desirable entry point into the real estate market. Transparency Through Consistent Reporting XLRE distinguishes itself through its commitment to daily transparency. The ETF ensures its investors have access to the most up-to-date and accurate information regarding portfolio holdings and allocations, equipping them with the knowledge necessary for informed decision-making. Exposure to Established Market Participants XLRE exclusively focuses on companies within the S&P 500, aligning its portfolio with some of the most recognizable and largest names in the real estate industry. This approach allows investors to benefit from the influence of large-cap companies while still accessing sector-specific opportunities. Accessing Opportunities in Real Estate Investments XLRE provides a thoughtful solution for investors aiming to integrate real estate into their broader investment portfolios. With its structure, low expense ratio, and dedication to transparency, XLRE embodies a strategic and efficient approach to real estate. DISCLAIMER: This is a work of research and should not be taken as investment or financial advice. Therefore, Select Sector SPDRs or the publisher is not liable for any decision made based on the publication. About the Company: Select Sector SPDR ETFs offer flexibility and customization opportunities. Many investors have similar outlooks, but no two are exactly alike. Select Sector SPDR ETFs let investors select the sectors that best meet their investment goals. *Holdings, Weightings & Assets as of 3/31/25 subject to change **Ordinary brokerage fees apply DISCLOSURES The S&P 500 Index is an unmanaged index of 500 common stocks that is generally considered representative of the U.S. stock market. The index is heavily weighted toward stocks with large market capitalizations and represents approximately two-thirds of the total market value of all domestic common stocks. The S&P 500 Index figures do not reflect any fees, expenses or taxes. An investor should consider investment objectives, risks, fees and expenses before investing. One may not invest directly in an index. Transparent ETFs provide daily disclosure of portfolio holdings and weightings All ETFs are subject to risk, including loss of principal. Sector ETF products are also subject to sector risk and nondiversification risk, which generally will result in greater price fluctuations than the overall market. Diversification does not eliminate risk. An investor should consider investment objectives, risks, charges and expenses carefully before investing. To obtain a prospectus, which contains this and other information, call 1-866-SECTOR-ETF (732-8673) or visit www.sectorspdrs.com. Read the prospectus carefully before investing. ALPS Portfolio Solutions Distributor, Inc., a registered broker-dealer, is distributor for the Select Sector SPDR Trust. Media Contact: Company: Select Sector SPDRs Contact: Dan Dolan* Address: 1290 Broadway, Suite 1000, Denver, CO 80203 Country: United States Email: dan.dolan@sectorspdrs.com Website: https://www.sectorspdrs.com/ *Dan Dolan is a Registered Representative of ALPS Portfolio Solutions Distributor, Inc. ALPS Portfolio Solutions Distributor, Inc., a registered broker-dealer, is the distributor for the Select Sector SPDR Trust. SEL008298 EXP 5/31/25 Contact Details Dan Dolan +1 203-935-8103 dan.dolan@sectorspdrs.com Company Website https://www.sectorspdrs.com/

April 02, 2025 05:00 AM Eastern Daylight Time

Mid-Sized Data Centers Are Winning the Communications Battle While Many Industry Leaders Fall Behind

Hot Paper Lantern

Hot Paper Lantern (HPL), an integrated communications and marketing agency that helps brands build their reputations, create meaningful impact, and generate growth, released its latest data center industry study, "Who's Owning the Conversation?" The study analyzed over 35 companies spanning three key verticals: data center operators, cooling technology vendors, and network service providers. Data Center Operators included in the study: Aligned Data Centers • CloudHQ • Cologix • Compass Datacenters • COPT • CoreSite • DataBank • Digital Core REIT • EdgeConneX • Evoque Data Center Solutions • Flexential • OVHcloud • QTS Data Centers • Sabey Data Centers • STACK Infrastructure • Switch Inc. • Tencent Cloud • Vantage Data Centers Cooling Technology Vendors included in the study: Amana Heating & Air • American Standard • Bryant Heating & Cooling • Goodman Manufacturing • Heil Heating & Cooling • Nortek Global • Rheem • Rudd Heating & Cooling • York Air Conditioning • York International Network Service Providers included in the study: Adtran • Allied Telesis • Calix • Cambium Networks • D-Link • Inseego • MikroTik • TP-Link • Viavi Solutions • Zyxel Communications The research examines how these companies are shaping the mid-market narrative, identifies key areas for improvement, and offers data-driven strategies to help companies drive meaningful engagement. While some organizations take a proactive approach to their external communications by leveraging social media and media relations, others remain passive and allow third parties to shape their company’s narrative. This contrast sparks critical questions about how key sectors engage with their stakeholders and whether or not they will fully capitalize on the opportunities presented by the data center industry's unprecedented growth. "Data center operators have assumed that by just being active to generate some form of media coverage alone, this will translate to having a strong reputation. Our research proves that this is not the case. If you are not actively shaping your own story, someone else will do it for you, and often not in your favor," said Ed Moed, chief executive officer at Hot Paper Lantern. "The data center industry has grown exponentially in recent years, fueled by massive investments, technological advancement, and industry demand. Many companies have relied on that growth to define their value in the market, but as competition increases, a strong and strategic narrative is what will set organizations apart." Key Insights from the Study: Public Perception Doesn't Always Align with Coverage Volume – More coverage does not always translate to a stronger reputation. Nearly 10% of all social media conversations about the data center industry are negative. However, over 80% of that negativity comes from just two companies, and both are among the most active on social media. Their outsized presence has amplified criticism, highlighting the risks of lacking a strategic online narrative. Mid-Tier Operators Punch Above Their Weight in Influence — Despite having smaller budgets, some mid-tier data centers generate outsized impact. Based on revenue, the bottom half of companies analyzed averaged 7x more coverage and 15x more engagement, demonstrating the power of strategic messaging. Cooling Technology Vendors Are Missing Their Storytelling Opportunity — With sustainability and energy efficiency becoming critical topics, cooling providers remain surprisingly underrepresented in industry conversations. Ninety percent of cooling brands generate fewer than 500 media mentions across major platforms, creating a massive opportunity for those willing to participate in the discussion. Network Providers Are Failing to Engage the Data Center Audience — Despite playing a crucial role in data center operations, many network providers struggle to connect with their target audience. Most rely on generic product announcements rather than crafting narratives that will resonate with data center decision-makers. As a result, the top 40% of network providers account for 95% of the industry's digital visibility, leaving the majority with little influence in the conversation. "Cooling and network providers have expanded alongside the data center industry, yet their voice in industry discussions has not kept pace," said Moed. "As artificial intelligence accelerates demand for advanced infrastructure, these sectors must step forward. The companies that fail to establish themselves as industry leaders risk being overlooked, while those that actively shape the conversation will define the next phase of innovation and growth." For more details on the "Who's Owning the Conversation?" study, view the report here. HPL will continue tracking industry trends and key players, releasing quarterly reports about the evolving conversation. To stay informed on the latest findings and updates, visit www.hotpaperlantern.com and sign up for future reports. Hot Paper Lantern (HPL) is a New York City-based integrated communications and marketing agency that helps brands build their reputations, create meaningful impact, and generate growth. HPL partners with clients to find, engage, and form deeper connections with key audiences and stakeholders. For more information, visit www.hotpaperlantern.com. Contact Details Hot Paper Lantern emoed@hotpaperlantern.com Company Website https://hotpaperlantern.com/

April 01, 2025 10:00 AM Eastern Daylight Time

Select Sector SPDR ETFs: Strategic Investment with Sector-Specific Allocations

Select Sector SPDR

In the ever-evolving world of financial markets, Select Sector SPDR ETFs offer sector-specific allocations designed to help investors align their portfolios with specific economic areas. By dissecting the expansive S&P 500 into key sectors, Select Sector SPDR ETFs provide a streamlined approach for both individual and institutional investors to craft targeted and strategic investment portfolios. An Era of Focused Investing With the volatility and rapid shifts in today's markets, investors are increasingly seeking ways to refine their strategies and enhance their portfolios. Select Sector SPDR ETFs offer a practical solution by breaking down the broad landscape of the S&P 500 into accessible segments. This sector-focused strategy not only accommodates varied investment goals but also aligns with specific risk tolerances and market perspectives. Explore the Holdings of Select Sector SPDR ETFs The Select Sector SPDR ETFs cover a wide array of economic sectors, each designed to target specific areas of interest. Communication Services Select Sector SPDR Fund (XLC): Focuses on telecommunications and media, capturing the innovations in digital communication. Consumer Discretionary Select Sector SPDR Fund (XLY): Encompasses companies involved in non-essential goods and services, including luxury items and entertainment. Consumer Staples Select Sector SPDR Fund (XLP): Targets essential consumer goods and services, offering stability amidst market fluctuations. Energy Select Sector SPDR Fund (XLE): Covers the dynamic energy sector, from traditional oil and gas to renewable energies. Financials Select Sector SPDR Fund (XLF): Includes banking, investment, and insurance industries, essential for economic infrastructure. Health Care Select Sector SPDR Fund (XLV): Dedicated to pharmaceuticals, healthcare equipment, and services, addressing global health challenges. Industrials Select Sector SPDR Fund (XLI): Focuses on manufacturing, construction, and aerospace sectors. Materials Select Sector SPDR Fund (XLB): Encompasses mining, construction materials, and packaging industries. Real Estate Select Sector SPDR Fund (XLRE): Targets commercial real estate services and Real Estate Investment Trusts (REITs). Technology Select Sector SPDR Fund (XLK): Capitalizes on innovation in information technology, semiconductors, and electronics. Utilities Select Sector SPDR Fund (XLU): Centers on electricity and natural gas sectors, ensuring the flow of essential services. Strategic Investment for a Dynamic Market Select Sector SPDR ETFs not only provide a transparent and straightforward method to navigate sector-specific investments, but also offer a powerful tool for strategic portfolio management. As market conditions continue to evolve, these ETFs enable investors to adapt their strategies, ensuring robust and adaptive portfolios that cater to diverse needs. By offering a detailed lens into specific sectors, Select Sector SPDR ETFs stand as a testament to the power of targeted investment. Through dedicated sector analysis and exposure, investors are equipped to thrive amidst the ebb and flow of market dynamics. DISCLAIMER: This is a work of research and should not be taken as investment or financial advice. Therefore, Select Sector SPDRs or the publisher is not liable for any decision made based on the publication. About the Company: Select Sector SPDR ETFs offer flexibility and customization opportunities. Many investors have similar outlooks, but no two are exactly alike. Select Sector SPDR ETFs let investors select the sectors that best meet their investment goals. DISCLOSURES The S&P 500 Index is an unmanaged index of 500 common stocks that is generally considered representative of the U.S. stock market. The index is heavily weighted toward stocks with large market capitalizations and represents approximately two-thirds of the total market value of all domestic common stocks. The S&P 500 Index figures do not reflect any fees, expenses or taxes. An investor should consider investment objectives, risks, fees and expenses before investing. One may not invest directly in an index. Transparent ETFs provide daily disclosure of portfolio holdings and weightings All ETFs are subject to risk, including loss of principal. Sector ETF products are also subject to sector risk and nondiversification risk, which generally will result in greater price fluctuations than the overall market. Diversification does not eliminate risk. An investor should consider investment objectives, risks, charges and expenses carefully before investing. To obtain a prospectus, which contains this and other information, call 1-866-SECTOR-ETF (732-8673) or visit www.sectorspdrs.com. Read the prospectus carefully before investing. ALPS Portfolio Solutions Distributor, Inc., a registered broker-dealer, is distributor for the Select Sector SPDR Trust. Media Contact: Company: Select Sector SPDRs Contact: Dan Dolan* Address: 1290 Broadway, Suite 1000, Denver, CO 80203 Country: United States Email: dan.dolan@sectorspdrs.com Website: https://www.sectorspdrs.com/ *Dan Dolan is a Registered Representative of ALPS Portfolio Solutions Distributor, Inc. ALPS Portfolio Solutions Distributor, Inc., a registered broker-dealer, is the distributor for the Select Sector SPDR Trust. SEL008271 EXP 5/31/25 Contact Details Dan Dolan +1 203-935-8103 dan.dolan@sectorspdrs.com Company Website https://www.sectorspdrs.com/

March 12, 2025 05:00 AM Eastern Daylight Time

Ballast Rock Announces 2024 Performance Data for its Sunbelt Multifamily Funds I and II

Ballast Rock

Ballast Rock, the diversified investment management firm, today announced 2024 year-end performance of Sunbelt Multifamily Funds I and II. Ballast Rock launched Sunbelt Multifamily Fund I (SB1) in 2019 and between February 2019 and January 2021 acquired nine properties totaling 1,110 apartment units for $63,630,000. SB1 began dispositions in early 2022, generating gross proceeds of $70,550,000 from the first five properties sold. The 689 apartment units involved were acquired at an average cost of $52,387 per unit and sold at an average cost of $102,395 per unit. Thus far SB1 has made a total of $50,768,242 of investor distributions on $32,000,000 of equity invested in the fund. Ballast Rock anticipates exiting the remaining four assets in SB1 opportunistically over the next 12 to 18 months. Sunbelt Multifamily Fund II (SB2), which launched in 2021, closed the acquisition of its final asset in early 2023, acquiring nine properties totaling 1,049 units for $105,363,000. SB2 generated cash from operations for its investors of 7% in 2024. The fund maintained an average capitalization rate of 7.0% for the year, with 6.85% in the first half and 7.15% in the second half of 2024. SB2 paid 7.5% from income to investors in 2021, 7.5% from income in 2022, 7.0% from income in 2023, and now will have paid 7% to investors in 2024 from income. Thus far SB2 has made a total of $10,500,00 of investor distributions on approximately $52,500,000 of equity invested in the fund. SB2 made its first property disposition in February 2025 and anticipates exiting its remaining assets opportunistically over the next 24 months. “The environment for multifamily real estate remained challenging during 2024,” said Thomas Carroll, Chief Executive Officer of Ballast Rock. “We hear from our investors about other private equity real estate funds that are not paying distributions and, in some cases, even making additional capital calls from existing investors. Given that backdrop, we were pleased that our focus, diligence and discipline has delivered results for our investors. This performance is a shared success, as all our principals invest our own capital alongside our investors, aligning our interests, and delivering safe, clean, and affordable homes for residents in our communities.” After almost two years of actively underwriting workforce multifamily assets in the southeast, Ballast Rock launched Sunbelt Multifamily III (SB3) with its first acquisition in July 2024. Ballast Rock’s Atlanta-based real estate team continues to underwrite and diligence properties to identify the next acquisition that meets SB3’s strict qualitative and quantitative investing standards. SB3 target size is $100 million in equity. “We believe that our focus on workforce housing in the Southeast is the right strategy, and we anticipate that there will be excellent opportunities to acquire the right properties at attractive valuations in the coming months,” said Ian Garcia, Chief Operating Officer of Ballast Rock Real Estate. “We will continue to actively underwrite assets, but we will never sacrifice our diligence or discipline.” About Ballast Rock Group Ballast Rock Group is an integrated investment management company specializing in delivering risk-adjusted returns, accurate, and timely advice, high quality frequent reporting, and direct access to management. Ballast Rock Group operates Ballast Rock Asset Management, Ballast Rock Private Wealth, and Ballast Rock Capital. Ballast Rock Asset Management comprises Ballast Rock Real Estate, which includes the firm’s Sunbelt multifamily real estate funds, and Ballast Rock Ventures, comprising venture capital and private equity teams. Ballast Rock Private Wealth is a registered investment advisor, with a focus on alternative strategies. Ballast Rock Capital is a FINRA-registered broker-dealer. Ballast Rock is committed to being a driver of positive change. The diversity of our team members brings valuable new perspectives to our industry for the benefit of our stakeholders and the broader community. Investment Disclosure The information contained in this press release has been prepared by Ballast Rock Holdings LLC (“Ballast Rock”) without reference to any particular reader’s investment requirements or financial situation. Potential investors are encouraged to consult with professional tax, legal, and financial advisors before making any investment into a private offering of securities. An investment in private securities would be speculative and would involve a high degree of risk. Investors must be prepared to bear the economic risk of such an investment for an indefinite period of time and be able to withstand a total loss of their investment. Please carefully consider the investment objectives, risks, transaction costs, and other expenses related to an investment prior to deciding to invest. Ballast Rock Capital LLC (“BRC”), MEMBER: FINRA / SIPC. BRC’s registered head office is 460 King Street, Suite 200, Charleston, SC, 29403. Tel: 800-204-2513. To check background information about BRC and its representatives, visit FINRA’s BrokerCheck. Please see important disclosure information in our Form CRS. Contact Details For Ballast Rock Lisa Aldape, Vocatus laldape@vocatusllc.com Company Website https://www.ballastrock.com/

February 20, 2025 02:29 PM Eastern Standard Time

Unit Network Secures $18 Million in Strategic Investment from Crypto Category Leaders

Unit Network

Unit Network, a unique, decentralized financial ecosystem enabling trade of real-world and digital assets through tokenization, today announced the successful closing of $18 million in capital investment. This round was led by industry leaders such as the Blockchain Founders Fund and Outlier Ventures, alongside notable entrepreneurs including Cristina Venture (White Star Capital), Diego Gutiérrez Zaldívar (Rootstock), Joshua Seims (Metastable Capital), Richard Wang (Draper Dragon Fund), Thomas Hessler (Zanox), Yuval Rooz (DigitalAsset.com). Other investors also include world-renowned poker players Alec Torelli and Huck Seed, and musician Oliver Tree. Already serving a global community of 50,000 active users, Unit Network has been built on its own blockchain to eliminate barriers in traditional finance, enabling businesses, creators, and communities to seamlessly launch and manage tokenized assets. This funding will enable Unit Network to scale its blockchain infrastructure, integrate with additional blockchain ecosystems, and expand tokenization efforts in key industries such as real estate, gaming, and digital commerce. “With tens of millions of businesses, creators, and communities looking to participate in the digital economy, the need for accessible and equitable financial tools has never been greater,” said Michael Healy, co-founder & CEO of Unit Network. “As our ecosystem continues to grow, we are seeing firsthand how a strong, engaged community fosters creativity, strengthens economic collaboration, and opens new pathways for economic participation. This investment moves us closer to a world where financial access is open, ownership is shared, and economic opportunities are available to us all.” Unit Network is built on three core pillars: (1) financial inclusion through a cooperative economic model, (2) a seamless crowdfunding platform for easy capital raising, and (3) a decentralized ownership exchange that empowers businesses and communities. Unit also provides a crowdfunding platform that allows anyone to raise capital with ease while building on new ventures. Lastly, Unit enables businesses of all sizes to turn their customers, employees, and supporters into co-owners through a decentralized ownership exchange. “By giving communities direct avenues to support and invest in the ventures they believe in, we’re establishing a new blueprint for economic growth,” added Kat Miroshnikova, co-founder of Unit Network. “When individuals evolve from mere consumers into true stakeholders, we open the door to an economy where shared success is not just an aspiration but a tangible outcome.” “Technology should empower people, not limit them. Our investors understand and are excited that Unit Network is focused on removing barriers to finance,” said Healy. “By making tokenization as simple and accessible as possible, Unit is unlocking new opportunities for users to take control of their economies and drive meaningful change in the financial industry.” Unit Network is a decentralized financial platform designed to make tokenization simple, accessible, and impactful. Built on its own Layer one blockchain, the platform enables businesses, creators, and communities to launch and manage tokenized assets. With over 50,000 active users, Unit Network is rapidly expanding its global community. By simplifying tokenization, it empowers businesses, creators, and investors to participate in a fairer financial system. Learn more at Unit.Network. Contact Details Unit Network Unit Network UnitNetwork@hotpaperlantern.com Company Website https://unit.network

February 20, 2025 08:00 AM Eastern Standard Time

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