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NileBuilt Is Redefining Homeownership For Millennials


By Faith Ashmore, Benzinga The rising threat of climate change and the related surge of natural disasters are having a big impact on how we see infrastructure. While natural disasters like hurricanes and wildfires have always been part of a healthy ecosystem, climate change increases the severity, season length and size of affected areas. Half of California’s 20 deadliest wildfires have occurred in the past two decades and the total cost of wildfires in the U.S. is between $394 billion to $893 billion every year. More extreme weather patterns that result in flooding and gale-force wind destruction are also a growing concern across the country. Property damage is one of the main costs of natural disasters and these numbers are expected to continue rising, especially if infrastructure is not developed with climate-related threats in mind. The brewing climate crisis paired with economic concerns is turning millennials away from purchasing their first home. The housing crisis and high interest rates are pricing millennials out of home ownership, as the generation continues to trail behind the historical percentages of previous generations. Simply put, millennials are facing economic challenges in acquiring homes but in the instances that they can, might be weary of owning property in turbulent times. Eco-Friendly Homes As An Option To Address The Housing Crisis That’s where companies like NileBuilt, Corp. come in, by providing options to potential homeowners who are conscious of climate-related threats. NileBuilt's mission is to address the housing crisis by providing eco-friendly homes that have a positive impact on the environment. The company’s unique building process incorporates a net-zero and fire-resistant concrete system, resulting in homes that are both sustainable and carbon-neutral. The traditional reliance on lumber products for residential construction has proven to be increasingly inefficient and calls for a modern solution. While wood has been the primary framework for centuries, it is now evident that its vulnerability to elements and supply chain issues makes it outdated. In 2023, lumber prices rose 13% due to supply chain scarcity which subsequently led to increased housing prices. However, rising prices are just part of the picture; homes constructed with lumber products have a low heat of combustion temperature, leading to rapid fire spread. Lumber is also susceptible to flood damage. In contrast, NileBuilt homes are entirely non-combustible, eliminating the risk of fire ignition and subsequent spreading. These houses are also flood and wind-resistant. NileBuilt homes go beyond the requirements of the California Net-Zero Mandate, ensuring that they leave no carbon footprint. This is possible through the integration of a PV Solar System and Thermal Battery technology within their concrete building system. With thermal energy storage and release, NileBuilt homes eliminate the monthly utility bill. NileBuilt says it has found success in Southern California especially, but the company’s mission has scalability potential. NileBuilt’s affordable and sustainable model allows new infrastructure to be built without burdening existing houses. The company has been around since the 1980s and says it is confident in its ability to use its innovative infrastructure to tackle the problems of today. Its claim as being earth, wind, and fire resistant sets it apart from the current market. NileBuilt’s mission is compatible with the younger generations' desire to decrease their carbon footprint. A recent report shows that 69% of Gen Zs and 73% of millennials are actively trying to minimize their impact on the environment. Making their homes more energy efficient is one of the key ways they go about achieving these goals. Between the housing and climate crisis, NileBuilt is helping to shift the way millennials approach homeownership and is making it more feasible for millions of Americans to own sustainable homes. Featured photo by Michael Held on Unsplash Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. This post contains sponsored content. This content is for informational purposes only and not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 Company Website

March 19, 2024 08:25 AM Eastern Daylight Time

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Builders Capital Appoints New Chief Sales Officer Expanding Nationwide Reach to Homebuilders

Builders Capital

Builders Capital proudly announces the appointment of Mark Woodbridge as the Chief Sales Officer, ushering in a new era of strategic growth and nationwide expansion for the company’s homebuilder outreach. With an impressive 28-year career in private finance and mortgage banking, Mark brings a wealth of expertise to his new role. Having been an integral part of the Builders Capital Management Team for the past nine years, Mark has excelled in various leadership positions, including Vice President of Strategic Accounts, National Wholesale Director, and National Sales Director. “Mark’s appointment as Chief Sales Officer signifies our commitment to continued growth and excellence,” affirms Rob Trent, CEO. Beth Glein, COO at Builders Capital praises Mark’s exceptional leadership style, emphasizing his hands-on approach, profound industry knowledge, and innovative finance strategies as pivotal factors in his appointment. “Mark’s instrumental contributions have propelled Builders Capital to become the top private construction lender nationwide,” remarks Glein. She expresses delight in partnering with him as they enter a new phase of organizational effectiveness. In his new capacity, Mark has restructured the sales organization, appointing: Alissa McCord as Director of Sales Support Rich D’Agostino as National Sales Leader Bryan Ruff as Director of Sales Operations This dynamic leadership team is tasked with providing comprehensive training and guidance to the sales force, ensuring alignment with company objectives, and optimizing opportunities within the residential homebuilder market nationwide. Expressing his enthusiasm for the role, Mark Woodbridge said, " I am honored and excited to lead our sales initiatives as Chief Sales Officer. Together, we will drive innovation, refine our strategies, and elevate Builders Capital to the next level of success. I am committed to fostering a culture of collaboration, customer satisfaction, and continuous improvement within our organization. " Under Mark's leadership, Builders Capital embarks on a transformative journey, poised to redefine industry benchmarks and consolidate its position as a pioneering force in residential construction lending. To learn more about Builders Capital and the construction loans they offer to builders and developers, visit About Builders Capital Builders Capital is the nation's largest private construction lender, offering innovative financing solutions to a wide spectrum of developers and homebuilders. Loan products include options for Acquisition, Development, Construction, and Bridge financing, in the form of single-asset loans, portfolio loans, and revolving credit facilities. In addition to financing opportunities, Builders Capital borrowers can leverage national accounts for material purchase discounts, and access cutting-edge technology for project management, accounting, and BIM technology tools. Builders Capital is headquartered in Puyallup, Washington, with regional sales offices across the country. The management team at Builders Capital brings over 100 years of expertise in residential construction lending, home building, real estate development, and loan servicing. Learn more at: Contact Details Joann Whetstine Company Website

March 19, 2024 07:03 AM Eastern Daylight Time

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Spring Bird Makes its Expo Debut at the 2024 Texas Transit Association State Conference, Expo, and Roadeo

Spring Bird

Spring Bird, a name synonymous with excellence and innovation in the transportation industry, is thrilled to announce its first-ever expo attendance at the Texas Transit Association (TTA) State Conference, Expo, and Roadeo from March 15-20, 2024, in San Antonio, Texas. This landmark event marks Spring Bird's grand entrance into the expo scene, showcasing their comprehensive range of services, including maintenance, retrofitting, leasing, and sales of transit-style buses. Spring Bird, under the visionary leadership of Elliott Carson, continues the legacy of the Carson family in the bus industry, bringing over 75 years of combined experience and dedication to quality, safety, and customer satisfaction. The company specializes in offering top-tier transit buses from renowned manufacturers like New Flyer, and Gillig, emphasizing the latest safety features and technological advancements. Spring Bird’s cutting-edge rehabilitation services will be the heart of its expo showcase. Attendees will learn about the company’s capabilities in performing minor repairs, major overhauls, and retrofitting buses with the latest low-emission engines and GPS tracking systems. Spring Bird is committed to providing customized solutions that meet clients’ unique needs, whether they want to purchase new buses or service their existing fleets. Elliott Carson, representing the fourth generation of the Carson family in the bus industry, expressed his enthusiasm about participating in the TTA State Conference, Expo, and Roadeo: "We are excited to debut at this wonderful event and look forward to connecting with transit agencies and other entities from Texas and across the United States. Our attendance at the TTA Expo is a testament to Spring Bird's commitment to excellence and innovation in providing high-quality, affordable transportation solutions." Texas is also the home of Spring Bird, located in Austin, TX. The Texas Transit Association, organized in 1986, brings together metropolitan, small urban, and rural transit agencies, along with private and public entities from across the country, making it the perfect platform for Spring Bird to introduce its services to a wider audience. Visit Spring Bird at the 2024 TTA State Conference, Expo, and Roadeo to explore how they can support your transit needs with their high-quality buses and comprehensive rehabilitation services. About Spring Bird: Spring Bird is a premier provider of transportation solutions specializing in the sale, leasing, and service of heavy-duty transit buses and motor coaches. Drawing from the rich Carson family legacy in the transportation industry, Spring Bird offers an inventory of high-quality buses from leading manufacturers and provides customized rehabilitation services, including minor repairs, major overhauls, and technological retrofitting. Dedicated to safety, innovation, and customer satisfaction, Spring Bird addresses the unique needs of cities, transit agencies, and private operators, ensuring reliable and efficient transportation solutions. Contact Details Spring Bird Media Contact Company Website

March 18, 2024 03:00 PM Central Daylight Time

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Copper Property CTL Pass Through Trust Posts Final 2023 Tax Information

Copper Property CTL Pass Through Trust

Copper Property CTL Pass Through Trust (“the Trust”) today posted the final Federal income tax information of the Trust’s 2023 earnings to its website. The information is unchanged from the draft reporting and can be downloaded here. Nothing contained herein or therein should be construed as tax advice. Consult your tax advisor for more information. Furthermore, you may not rely upon any information herein or therein for the purpose of avoiding any penalties that may be imposed under the Internal Revenue Code. Certificateholders are encouraged to consult with their own tax advisors as to their specific tax treatment of the Trust’s distributions. Additional information can be obtained on the Trust’s website. About Copper Property CTL Pass Through Trust Copper Property CTL Pass Through Trust (the “Trust”) was established to acquire 160 retail properties and 6 warehouse distribution centers (the “Properties”) from J.C. Penney as part of its Chapter 11 plan of reorganization. The Trust’s operations consist solely of owning, leasing and selling the Properties. The Trust’s objective is to sell the Properties to third-party purchasers as promptly as practicable. The Trustee of the trust is GLAS Trust Company LLC. The Trust is externally managed by an affiliate of Hilco Real Estate LLC. The Trust is intended to be treated, for tax purposes, as a liquidating trust within the meaning of United States Treasury Regulation Section 301.7701-4(d). For more information, please visit Forward Looking Statement This news release contains certain “forward-looking statements”. All statements other than statements of historical fact are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may be identified by the use of forward looking terminology such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “our vision,” “plan,” “potential,” “preliminary,” “predict,” “should,” “will,” or “would” or the negative thereof or other variations thereof or comparable terminology and include, but are not limited to, the Trust’s expectations or beliefs concerning future events and stock price performance. The Trust has based these forward-looking statements on its current expectations, assumptions, estimates and projections. While the Trust believes these expectations, assumptions, estimates and projections are reasonable, such forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond its control. These factors, including those discussed in the Trust’s Registration Statement on Form 10 filed with the Securities and Exchange Commission (the “SEC”), may cause its actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by these forward-looking statements. For a further list and description of such risks and uncertainties, please refer to the Trust’s filings with the SEC that are available at The Trust cautions you that the list of important factors included in the Trust’s SEC filings may not contain all of the material factors that are important to you. In addition, in light of these risks and uncertainties, the matters referred to in the forward-looking statements contained in this news release may not in fact occur. The Trust undertakes no obligation to publicly update or revise any forward-looking statement as a result of new information, future events or otherwise, except as otherwise required by law. Contact Details Hilco Global Jessica Cummins - Investor Relations +1 847-313-4755 Company Website

March 15, 2024 04:15 PM Eastern Daylight Time

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CDFI Coalition Marks 30th Anniversary of CDFI Fund

CDFI Coalition

Members of the CDFI Coalition gathered in Washington, DC, this week to mark the 30 th anniversary of the CDFI Fund with a keynote address by Senator Mark Warner (D-VA), panel discussions and the release of a report highlighting the three decades of successes celebrated by the CDFI movement. Coalition members, legislators and Administrations officials held panel discussions on New CDFI Certification Requirements, Cybersecurity and AI, Financing CDFIs and Community Development, Opportunities in Climate Financing, and Challenges and Opportunities for new CEOs of Color. The report is based on data from the Coalition’s survey of its members. Highlights of the report and the 30 th Anniversary of the CDFI Fund include: Seventy CDFIs responded to the survey, making $22.5 billion in loan originations and $185 million in EQ2 and equity investments. This financing created or sustained more than 500,000 jobs and 105,000 units of affordable housing, over 150,000 community facilities and 437,000 business. The CDFI industry has grown significantly since its infancy in 1994. 1,462 CDFIs have been certified to work in low-wealth communities nationwide as of January 2024. These CDFIs have assets totaling more than $200 billion and outstanding portfolios of more than $150 billion. Certified CDFIs include 573 loan funds, 516 credit unions, 161 depository institution holding companies, 197 banks or thrifts, and 15 venture capital funds in rural and urban areas in all 50 states and the District of Columbia, Puerto Rico and Guam. In FY 23, CDFI Fund Financial Assistance recipients financed more than 126,000 businesses, provided funding for more than 76,000 affordable homes, and originated more than $57 billion in loans and investments. Thirty years ago, only a handful of CDFIs had been funded with philanthropy and other support, and their success provided the roadmap for the 1994 legislation and the impetus for the CDFI fund. One of the more unexpected successes of the CDFI movement and the CDFI fund are the offshoots that they have supported and enabled. Significant new programs were built on the CDFI infrastructure and commitment created in 1994 by the Riegle Act. “The CDFI 30 th Anniversary Report contains numerous success stories from CDFIs around the nation about how the credit, the products and the technical assistance they have made available have been transformative in their communities,” said CDFI Coalition spokesperson Bob Rapoza. For example: CDFI Program Financial Assistance (FA) Awards – The CDFI Fund makes FA awards to both large and small certified CDFIs. CDFIs use FA awards for lending capital, loan loss or capital reserves, operations, or development services. Award recipients must match their FA award dollar-for-dollar with non-federal funds. The Native American CDFI Assistance Program, launched in 2001 to encourage investing in Native Communities by supporting the creation and expansion of Native CDFIs -- which in turn help to create jobs, establish, or improve affordable housing, and provide appropriate financial services and counseling to community residents. The number of Native CDFIs has increased from 14 in 2001 to 66 in 2024. The New Markets Tax Credit Program, authorized in 2000 to stimulate private investment in low-income communities. The CDFI Fund has made 1,563 allocation awards totaling $76 billion to date. New Markets tax Credit investments have created more than one million jobs that cost the federal government less than $20,000 per job. The CDFI Bond Guarantee Program, authorized in 2010 to empower the Treasury Department to guarantee notes or bonds issued at no cost to the federal government to support CDFI lending and investment activity. Since 2013, the CDFI Fund has guaranteed nearly $2.5 billion in bond authority through the program. The Capital Magnet Fund, administered by the CDFI Fund, provides grants on a competitive basis to CDFIs and other non-profit organizations to finance affordable housing and related economic development efforts for low-income families and communities. The Capital Magnet Fund has generated $20 additional investment for every $1 of award funding and created more than 63,000 affordable homes. The report also highlights the power of CDFIs, their investors and stakeholders in responding to our nation’s racial equity challenges as well as the Great Recession and the COVID 19 Pandemic. For example: CDFIs served as economic shock absorbers, providing flexible and patient capital, rigorous risk management, and commitment to the projects in their communities and the sustainability of their borrowers. When traditional lenders pull back from economically distressed communities, policymakers look to CDFIs to fill the void. Recognizing the power of CDFIs, during the height of the pandemic, Congress made an investment in 2020 through appropriations for three temporary programs to support CDFIs, totaling $12 billion, including $1.25 billion for what became the Rapid Response Program, $1.75 billion for increased investment in low-income communities of color, and $9 billion for an emergency capital investment program for CDFI’s certified depositories and MDIs. CDFIs used those new resources to provide a wide variety of financial services to support the recovery of underserved markets under siege from COVID-19. In addition to stabilizing businesses, CDFIs financed initiatives to expand access to healthy food, health centers and hospitals, affordable housing, shelters, treatment centers, and other businesses and community facilities on the front lines of the pandemic. Private sector corporations and foundations have also recognized the efficacy and power of CDFIs. For example, between 2020 and 2022, in the aftermath of the murder of George Floyd and the ongoing pandemic, the eight largest US banks made $9.2 billion in commitments to CDFIs. This commitment and the increased federal support allowed CDFIs to expand their efforts and launch new initiatives in communities of color. “As we look forward to the next 30 years, we know that CDFIs are going to continue to be a major force for bringing access to credit to low-income communities and individuals across the nation. They will be pivotal in our collective efforts to eliminate racial wealth gaps and increase opportunities for people and communities of color,” Rapoza added. CDFIs continue to innovate, to solve problems, to finance opportunities and to make sure that lending capital and technical assistance is available to all communities in our nation. In doing so, they acknowledge there is a newer and burning challenge – how CDFIs can support reducing the carbon in our atmosphere and ensure that low-income communities and communities of color can access the same opportunities, tools and resources that will help mitigate the impact of climate change on our communities and economy. “The confidence of Congress and the Administration in providing such a key role to CDFIs under the Green House Gas Reduction Fund is a wonderful testament to the positive impact and reach of CDFIs in our most underserved communities,” said Rapoza. “We know that CDFIs will bring their innovative cultures, their commitment to serving low-income communities and communities of color, and their experience leveraging federal and philanthropic resources with private capital to make such a difference in America’s communities.” DOWNLOAD THE CDFI FUND 30 TH ANNIVERSARY REPORT About the CDFI Coalition Community development financial institutions (CDFIs) are lenders with a mission to provide fair, responsible financing to rural, urban, Native and other communities that mainstream finance doesn’t traditionally reach. The CDFI Coalition, formed in 1992, is the unified national voice of community development financial institutions. Our mission is to encourage fair access to financial resources for America’s underserved people and communities. Through its member organizations, the Coalition represents CDFIs working in all 50 states and the District of Columbia. This national network of CDFIs includes community development loan funds, community development banks, community development credit unions, microenterprise lenders, community development corporations and community development venture capital funds. The CDFI Coalition coordinates industry wide initiatives to increase the availability of capital, credit and financial services to low-income communities across the nation. For more information, visit Contact Details Greg Wilson +1 571-239-7474

March 14, 2024 11:06 AM Eastern Daylight Time

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VTS’ Nick Romito and Ryan Masiello Honored as Commercial Real Estate’s Best Bosses by GlobeSt. for 2024


VTS, the industry's only technology platform that unifies owners, operators, brokers, and their customers across the real estate ecosystem, today announced that Chief Executive Officer, Nick Romito and Chief Strategy Officer, Ryan Masiello have been recognized on GlobeSt.’s 2024 Commercial Real Estate (CRE) Best Bosses list. This is Romito and Masiello’s inaugural appearance on the list as a leadership team. Romito was previously named a Best Boss in 2021. “I’m incredibly honored to be recognized by GlobeSt. as a Best Boss in CRE once again, this time alongside my co-founder Ryan Masiello,” said Nick Romito, CEO of VTS. “This recognition is not only a reflection of our leadership, but also of our incredible team that I feel so fortunate to lead every day. VTS would not be where it is today without our top-talent and innovative people, who have continued to propel our company forward and navigate us through rapid growth amid a landscape that is continually changing.” Romito and Masiello were honored for their tenure within the CRE industry and continued leadership at the helm of VTS. VTS employees testified to Romito and Maseillo’s influence, identifying their ability to lead with vision and inspire success while building a positive work environment, emphasizing transparent communication and tight-knit working relationships. They have ensured VTS’ success despite current challenges within the CRE market, and have continued to help their team navigate the turbulent nature of the industry by prioritizing an innovative company culture where all ideas are heard, and delivering solutions that meet the ever-changing needs of the industry. “At VTS, we have always prided ourselves on our company’s culture, which empowers our people to be innovative and seek the best solutions for our customers,” said Ryan Masiello, Chief Strategy Officer of VTS. “We’re immensely proud of what VTS has accomplished over the years and the technology we provide the industry. I’m fortunate to work alongside some of the most passionate and talented individuals in the industry; Nick and I share this recognition with the entire VTS team.” For this year’s Best Bosses award, GlobeSt. sought to identify and recognize successful, one-in-a-million leaders who are ambitious, display financial prowess and exceptional people skills, and lead by example as inspirational, innovative executives. These respected individuals are not only profoundly accomplished within their field but also serve as a boon for their organizations and the people within them. About VTS VTS is the industry's only technology platform that unifies owners, operators, brokers, and their customers across the commercial and residential real estate ecosystems. In 2013, VTS revolutionized the commercial real estate industry’s leasing operations with what is now VTS Lease. Today, the VTS Platform is the largest first-party insights and collaboration engine in the industry, transforming how strategic decisions are made and executed by real estate professionals across the globe. With the VTS Platform, consisting of VTS Lease, VTS Market, VTS Activate, and VTS Data, every stakeholder in real estate is given real-time market information and workflow tools to do their job with unparalleled speed and intelligence. VTS is the global leader, with more than 60% of Class A office space in the U.S., and 13 billion square feet of office, residential, retail, and industrial space is managed through our platform worldwide. VTS is utilized by over 45,000 professionals and over 1.2 million total users, including industry-leading customers such as Blackstone, Brookfield Properties, LaSalle Investment Management, Hines, BXP, Oxford Properties, JLL, and CBRE. To learn more about VTS, and to see our open roles, visit Contact Details Marino PR Sofia Chevez +1 646-912-5354 Company Website

March 14, 2024 09:00 AM Eastern Daylight Time

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Atrato Capital highlights strong performance and growth opportunities for Supermarket Income REIT

Supermarket Income REIT PLC

Atrato Capital managing director, Robert Abraham and finance director Michael Perkins visit the Proactive studio to discuss the interim results of Supermarket Income REIT PLC (LSE:SUPR, OTC:SUPIF), emphasising the sector's strong performance. Abraham said key tenants, Tesco and Sainsbury's, have reported robust sales growth and market share, particularly in omni-channel stores, which have seen the most significant sales increases. The investment market presents an attractive pipeline of accretive assets for SUPR, with current leverage allowing capacity for targeting these opportunities, he added. Perkins noted that SUPR reported a 15% increase in net rental income for the six months ending December 2023, driven by acquisitions and rent review income, maintaining stable adjusted earnings of 2.9 pence. Despite operating at lower leverage, the company is on track to meet its full-year dividend target of 6.06 pence. Since SUPR's IPO in 2017, Abraham said the grocery sector has seen a 35% sales growth, reaching a market size of £250 billion, with this increase largely attributable to like-for-like sales growth in omni-channel spaces, indicating a maturation phase for discounters. The grocery sector's strength has enhanced the property market, with store turnovers growing ahead of rents, demonstrating the affordability of rents for key tenants. The investment market has witnessed record volumes of £2.1 billion, highlighting the attractiveness of supermarkets as an investment. With a robust balance sheet, low leverage (LTV of 33%), and significant headroom across banking covenants, Perkins said is well-positioned to pursue earnings-accretive acquisitions. Contact Details Proactive UK Ltd +44 20 7989 0813

March 14, 2024 08:16 AM Eastern Daylight Time

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Groundfloor’s CEO Brian Dally Shares How The Platform Appeals To Younger Audiences And Self-Directed Investors


By Faith Ashmore, Benzinga The world of investing looks drastically different than it did in the 1980s and it will likely look different in 2030 than it looks right now. One of the biggest changes is who is investing and what they are investing in. The Robinhoods (NASDAQ: HOOD) of the world have, in many ways, successfully democratized stock trading. Investment is no longer relegated to wealthy individuals with fund managers who are investing in Fortune 500 companies. Now, everyone can participate in individual stocks, ETFs or mutual funds, and it shows in the numbers – retail investor sentiment hit an all-time high in 2023, with individuals pouring a record $1.5 billion into stock markets each day in February 2023. Alternative investments are the other major shift in trading. Technology has evolved what people are investing in, and more and more opportunities are opening up for the everyday person, who can now also invest in alternatives like Bitcoin and real estate. Traditionally, real estate investment has been limited to those with significant financial resources and industry connections. It's one of the asset classes that the general public actually knows the most about, with over 64% of Americans owning property. But modern technology is breaking the glass ceiling on real estate investing – and a lot of that is due to fractionalization. Fractionalized real estate usually refers to the process of dividing ownership rights of a property into smaller, more affordable shares, allowing multiple investors to collectively own and profit from the property. Groundfloor is one of the real estate platforms leading the way in the fractionalized real estate investing space, offering investors a chance to fractionally participate in the loans offered to developers who renovate or build new homes – essentially serving as the bank. The company was founded in 2013, and its unique approach offers fractional real estate investing opportunities for both accredited and non-accredited investors, enabling them to access high-yield returns backed by real estate assets. With as little as $10, investors can participate in pre-vetted real estate loans, potentially outperforming traditional REITs. Groundfloor stands apart from private REITs with its transparent and fee-free structure, which establishes a direct connection between investors and their investments. The Groundfloor 3.0 auto-investing app allows investors to effortlessly diversify their portfolios across various projects, combining the convenience of technology with the stability of real estate investment. Brian Dally, the CEO of Groundfloor, shared with Benzinga in a recent interview that they “started the company because [they] thought that somebody would create a category-defining platform that opened up access for people to participate in this class of securities, in the same way that the wealthiest Americans, hedge funds, private equity funds or family offices do.” Groundfloor’s target audience is what the brokerage industry would call a self-directed investor, or as Dally eloquently puts it, “a vanguard.” The company is focused on attracting this type of investor, who can be anyone, but the key psychographic the company is witnessing is someone who wants to be in control of their future and money – and might have a general distrust of the public markets. Younger people, especially, are interested in investing, but Dally shares that they want to go about it on their terms and with platforms they trust. That’s where Groundfloor really stands apart from its competitors; the company was just recently awarded recognition on the Forbes Fintech 50 list. The goal of every investor is to get the highest dividend on their investment they can – Groundfloor reports it is using technology and the concept of fractionalization to get its customers a 10-12% annual return. And these smaller, self-directed investors seem to be taking notice. Dally shared, “Since 2018, we have financed our growth not with venture capital, not growth equity capital or private equity. We've financed it by offering stock to our customers. We now have 7,100 shareholders who own 31% of the company. We're incredibly proud of that. And that has made us a more resilient platform that has an army of people who don't just invest on the platform, but they're owners and they want the platform to be successful. They're going to defend it, and they're loyal to it, and they continue investing in it.” The company is currently incubating the next round of products it wants to bring to the mass market, through its Groundfloor Labs, which is open to accredited investors. Dally is hoping that by the end of 2024, they will be able to launch these products on the main site, available to everyone. Directionally, the company is looking to expand its product portfolio and offer more opportunities for people to invest in. As more and more investors are looking to fractionalization and alternative investment opportunities, Groundfloor may be a company to keep an eye on. Embrace the fractional future and start investing in real estate with Groundfloor today! Featured photo by Breno Assis on Unsplash. Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice Contact Details Benzinga +1 877-440-9464 Company Website

March 13, 2024 08:15 AM Eastern Daylight Time

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CIOB Report Reveals Construction Industry’s Reluctance to Hire People with Criminal Convictions

Chartered Institute of Building

Just 25 per cent of construction bosses say that they would hire people with a criminal conviction Negative stigma, lack of prior qualifications and fears over existing employees’ safety cited amongst barriers New report says recruiting people with a criminal record could decrease rate of employment for those leaving prison (Currently 74 per cent still unemployed after six months). Government estimates annual cost of reoffending is £18 billion. Negative stigma and a lack of proper training opportunities are blocking many people with criminal records from earning a second chance at life within the construction industry, a Chartered Institute of Building (CIOB) report has revealed. The report, called Building Opportunity: Employing People with Criminal Convictions in Construction, shows individuals with a criminal record face significant barriers to gaining employment within the industry including perceived risk to the business by employers and fears about business reputation. It urges the Government to break down barriers and provide more accessible training opportunities to improve individual’s employability and ease the skills shortage in the construction industry. Statistics show nearly 75 per cent of people leaving prison are still without work six months after their release. CIOB says breaking down barriers would lower unemployment amongst people with criminal convictions. Meanwhile, the Government estimates the current cost of re-offending is approximately £18 billion per year. Niamh Evans, Policy and Public Affairs Officer North at CIOB, said more people within the industry should consider an open-minded approach to hiring people looking for a fresh start, adding: “Construction companies across the UK are facing a labour shortage and there is an untapped market of potential candidates waiting to be unearthed. “However, negative stigma and a lack of access to proper training for people in prison means there are many people missing out on a second chance at life. “Companies can proactively show they are willing to consider applicants with a criminal record by making this known on their website and teaming up with organisations that support people with criminal convictions to find work. “While there are some training opportunities available for people with criminal convictions, we would like to see improved access to give more candidates a chance to develop their skills ahead of a rewarding career within construction.” CIOB’s research shows just 25 per cent of construction managers surveyed* would consider hiring a person with an unspent criminal conviction – despite the sector facing a significant labour crisis. Thirty-two per cent of respondents said they would not consider hiring someone with an unspent criminal conviction while 43 per cent said they might. More than 12 million people in the UK currently have a criminal record with hundreds of thousands of convictions remaining unspent – so candidates must declare their convictions when applying for a job. Some survey respondents said they would not hire people with criminal convictions due to the lack of trust in an individual’s behaviour and concerns over existing employees’ safety, particularly in a high-risk environment like a construction site. Despite this CIOB’s report highlights how some construction companies have already enjoyed success through hiring people with criminal convictions and specifically showcases how one large construction company and one much smaller one, are being proactive in this area. They include Williams Homes, based in Bala, Wales, which has taken on several recruits through its work with HMP Berwyn. Owain Williams, joint managing director, added: “Our initiative to provide work experience and training to individuals in our local prison has been incredibly successful. We have gained loyal workers and we have been able to tailor our supply chain to meet the company’s needs, whilst giving back to the community. “Everyone working in the prison academy and on site through temporary release receives a high standard of training. Our colleagues and clients have all supported and embraced the project as it allows us to make an immense difference to the lives of people leaving custody by broadening their career opportunities. “As we have had such a positive experience with this initiative, we are now exploring how to scale up this work and employ more people following their release from prison.” It is estimated 225,000 additional construction workers will be needed to meet demand by 2027, according to data from the Construction Industry Training Board (CITB). Demand for construction work is likely to increase in the years ahead with significant plans for the regeneration of the built environment in the UK, particularly with the Government’s flagship levelling up agenda and political focus on delivering a faster rate of housebuilding. CIOB obtained its data through a survey of more than 130 construction companies across the UK. To read the report in full, visit: Notes to editors * Survey of 270 construction industry representatives across 133 businesses carried out by CIOB in September/October 2023. Other CIOB recommendations include: Construction companies should review the recruitment process to remove unnecessary barriers and look to assess applicants on an individual, case-by-case basis Prisons and training partners should align qualifications and training with construction industry needs, whilst also considering the specific learning requirements for people in custody Improved Government support for individuals leaving custody, including access to appropriate accommodation and financial assistance which is vital for supporting individuals to reintegrate into the workforce. About CIOB The Chartered Institute of Building (CIOB) stands for the science, ethics and practice of built environments across the world. We have over 47,000 members worldwide and are the world's largest and most influential professional body for construction management and leadership. Everything we do is to improve the quality of life for those using and creating the built environment. We have a role in the management, leadership, education and development of our industry. For our members, guiding and educating them as they embark on their careers. For policymakers, defining the standards for all to meet. For the public, creating an environment they can live and work in safely, comfortably and confidently. Contact Details For further information please contact Courtney Friday CIOB Media Relations Officer +44 7552 538788 Company Website

March 12, 2024 07:00 AM Eastern Daylight Time

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