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Spring Bird Welcomes Thomas Hoskins as New Director of Operations

Spring Bird

Spring Bird, a leading provider of innovative transit solutions, is pleased to announce the appointment of Thomas Hoskins as its new Director of Operations. With more than two decades of experience in transit operations, fleet management, and manufacturing process improvement, Thomas will play a critical role in optimizing Spring Bird’s operational strategy and driving continued growth. Thomas brings a wealth of expertise to his new role, having served eight years as Director of Operations at Complete Coach Works, where he led fleet modernization efforts and oversaw large-scale production improvements. His career also includes 13 years as an Operations Manager at Motor Coach Industries, where he gained extensive experience managing complex transit manufacturing and service operations. “Spring Bird is growing rapidly, and having an experienced, forward-thinking leader like Thomas at the helm of our operations is part of our long-term growth strategy,” said Elliott Carson, CEO and Founder of Spring Bird. “Tom’s history of driving efficiency and innovation aligns perfectly with our mission to provide safe, high-quality transit solutions. We are excited for his leadership and enhance will drive our operational excellence and benefit our customers.” In his new role, Thomas will oversee production processes, fleet operations, and strategic planning, ensuring that Spring Bird continues to meet and exceed industry standards. His leadership will support the company’s ongoing efforts to expand its offerings, enhance efficiency, and deliver reliable, sustainable transit solutions. “I am honored to join Spring Bird at such a pivotal time in its growth,” said Thomas Hoskins, Director of Operations. “The company’s commitment to quality, innovation, and customer service is truly inspiring. I look forward to working with the team to refine processes, improve efficiency, and continue delivering exceptional transit solutions that keep our customers moving.” Spring Bird, founded in 2020, builds upon the Carson family’s decades-long legacy in the transit industry, offering a wide range of heavy-duty transit buses and rehabilitation services. The company services the industry's top operators, providing buses for sale and lease, and specializes in minor repairs, major overhauls, and operational maintenance solutions. With Thomas at the helm of operations, Spring Bird is well-positioned to continue its expansion and commitment to excellence in transit solutions. 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. Media Contact: For more information, visit https://springbirdbus.com or contact us at press@springbirdbus.com. ### About Spring BirdSpring 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 Media Contact press@springbirdbus.com Company Website https://springbirdbus.com

March 12, 2025 09:00 AM Central Daylight Time

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LuxConnect Expands Global Reach with New Partnerships and Infrastructure Growth

LuxConnect

LuxConnect, a leader in sustainable data center operation and fiber network solutions, is accelerating international expansion through strategic initiatives to strengthen digital sovereignty, enhance connectivity, and position the company as a key resource in the global data infrastructure market. For nearly 20 years, LuxConnect has built a reputation as a trusted partner for organizations requiring secure, scalable, and sustainable digital infrastructure. Its latest milestones, including a long-term fiber agreement with LuxNetwork and a sovereign cloud partnership with the Luxembourg government through its subsidiary Clarence, reinforce the company’s commitment to expanding access to high-security, high-performance digital solutions that support the evolving needs of the digital world. "Each infrastructure investment and partnership we make is guided by the goal of creating long-term benefits for our customers and supporting the country's economic growth," said Paul Konsbruck, CEO of LuxConnect. "By expanding data center capabilities and improving national connectivity, we’re that ensuring enterprises have access to infrastructure that is secure, sustainable, and built for the future." As part of its ongoing investment in connectivity, LuxConnect’s 10-year Indefeasible Right of Use agreement with LuxNetwork adds nearly 250 miles to Luxembourg’s fiber network. This expansion strengthens cross-border connectivity with major European hubs including Brussels, Frankfurt, Paris, and Amsterdam. Situated at the heart of Europe’s largest economies, Luxembourg is an increasingly vital Information and Communication Technology hub, offering businesses a fast, reliable, and highly secure gateway to the European market. LuxConnect has also deployed, in joint venture with Proximus, a sovereign disconnected cloud platform that is designed to keep sensitive public and institutional data secure while simultaneously offering businesses a reliable model for regulatory compliance. The joint venture is hosted in LuxConnect’s Tier IV-certified data centers and will ensure full confidentiality, complete control, and unwavering sovereignty for government operations while setting a new benchmark for industries that require the highest levels of security and compliance, including finance, healthcare, and gaming. "Businesses are facing rising security threats, evolving regulations, and growing demands for AI and cloud computing,” said Konsbruck. "These investments and strategic partnerships reflect our commitment to being infrastructure partners that deliver stability and long-term value that meets the demands of today and the needs of tomorrow.” With these advancements, LuxConnect continues to position itself as a premier infrastructure partner for global enterprises, cloud providers, and organizations navigating the complexities of data sovereignty and regulatory requirements. For more information, visit https://www.luxconnect.lu/. LuxConnect is a leading data center operator and fiber network provider based in Luxembourg. Established in 2006 by the Government of Luxembourg, the company offers state-of-the-art infrastructure designed to support a range of industries around the world. With four data centers strategically located in the heart of Europe, LuxConnect offers secure, reliable, and scalable solutions, enabling businesses to store and manage data closer to European markets while meeting stringent regulatory requirements. For more information, visit https://www.luxconnect.lu/. Contact Details LuxConnect LuxConnect LuxConnect@hotpaperlantern.com Company Website https://www.luxconnect.lu/

February 27, 2025 09:00 AM Eastern Standard 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

NAVEX One: The Trusted Partner for NIS2 Risk Alignment

NAVEX Global

NAVEX, the global leader in integrated risk and compliance management software, is pleased to offer the first GRC solution to holistically address NIS2 across training, policies and assessment – all on one platform, NAVEX One. NAVEX continues to provide risk and compliance professionals with the tools they need to align with the latest cybersecurity regulations. As organizations face increasing regulatory demands, NAVEX One integrates policy management, training and risk assessment resources to ensure seamless compliance with the European Union’s Network and Information Security Directive (NIS2). The NIS2 Directive raises the bar for cybersecurity and reporting standards across industries, including banking, healthcare, manufacturing and energy. Organizations must not only comply with these heightened regulations but also ensure their cybersecurity frameworks are strong enough to withstand evolving threats. “NIS2 is a critical milestone in cybersecurity regulation, and organizations need a partner that helps them do more than just check the compliance box,” said A.G. Lambert, chief product officer at NAVEX. “NAVEX One empowers compliance and risk professionals to build a sustainable and proactive approach to cybersecurity, ensuring their programs are compliant and resilient against emerging threats.” NAVEX One serves as an essential tool in the journey toward risk and compliance maturity, helping organizations: Conduct proactive risk assessments to identify and mitigate vulnerabilities Centralize and streamline policy management to meet regulatory expectations Strengthen cybersecurity posture with comprehensive security awareness training Stay ahead of evolving cybersecurity requirements through continuous program improvement and board-ready reporting Extend training, policies and cyber risk practices to align third parties with its cyber risk standards “Organizations today require more than just static risk and compliance checklists—they need dynamic, integrated solutions that evolve with regulatory changes and emerging risks,” said Kyle Martin, vice president of risk solutions at NAVEX. “NAVEX One’s content and capabilities give businesses the confidence to proactively address NIS2 requirements while reinforcing their broader risk management strategies.” By integrating these capabilities within a single platform, NAVEX One simplifies compliance, reduces risk exposure, and supports organizations in building future-proof compliance programs. Click here, for more information on NAVEX One and the NIS2 Directive. NAVEX is trusted by thousands of customers worldwide to help them achieve the business outcomes that matter most. As the global leader in integrated risk and compliance management software and services, we deliver solutions through the NAVEX One platform, the industry’s most comprehensive governance, risk and compliance (GRC) information system. For more information, visit NAVEX.com and our blog. Follow us on Twitter and LinkedIn. Contact Details Navex Global scott.levesque@navex.com Company Website https://navex.com

February 18, 2025 12:50 PM Eastern Standard Time

Tennessee REALTORS® Honors Cindy Bradley with the 2025 Good Neighbor Award for Outstanding Community Impact

Tennessee REALTORS

Tennessee REALTORS ®, the state chapter of the National Association of REALTORS ®, proudly announces Cindy Bradley, broker and owner of Signature Homes Real Estate in Knoxville, as the recipient of its 5th Annual Good Neighbor Award. This prestigious honor recognizes REALTORS ® who excel in their profession and make a profound difference in their communities through volunteer service. The award includes a $5,000 grant to support the recipient’s preferred philanthropic organization. Bradley was recognized for her tireless work with Sacred Grounds Hospice House, a Knoxville-based nonprofit she founded in 2017. Inspired by her personal experience with hospice care during her husband’s illness and passing, she established Sacred Grounds to provide compassionate, expert care for individuals facing life-limiting illnesses and to offer vital support to their families. To date, the organization has assisted over 600 families. Bradley currently serves as President of the Board of Directors. “I’m deeply honored to receive this year’s Good Neighbor Award and grateful for the grant, which will directly support Sacred Grounds Hospice House in providing compassionate end-of-life care to those in need,” said Bradley. “This recognition is not just for me but for the incredible team and volunteers who make our mission possible. Together, we’re ensuring that individuals and their families receive dignity, comfort, and support during life’s most difficult moments.” Tennessee REALTORS ® President Will Sliger praised Bradley’s commitment to her community, stating: “Cindy Bradley exemplifies the heart of a REALTOR—dedicated not only to serving clients but also to strengthening communities. Her work with Sacred Grounds Hospice House is a testament to the impact that real estate professionals can have beyond the industry. We are proud to recognize her as this year’s Good Neighbor Award recipient and to support her mission of care and compassion.” The $5,000 grant from Tennessee REALTORS ® will help Sacred Grounds Hospice House expand its services, ensuring more families receive the compassionate care they deserve. For more information about Sacred Grounds Hospice House or to support its mission, visit https://sacredgroundhospicehouse.com/. ### About Tennessee REALTORS® Tennessee REALTORS® serves as the Voice for Real Estate in Tennessee, representing more than 36,000 members across 20 local REALTOR® associations—from Bristol in the east to Memphis in the west, from Clarksville up north to Chattanooga down south, and everywhere in between. From our headquarters in the heart of Music City, we provide a full range of member services and benefits, professional development opportunities, legislative and regulatory advocacy, and timely communications to keep our members informed. Contact Details Tennessee REALTORS® ILISSA GOLDENBERG ILISSA@RPRFIRM.COM Company Website https://tnrealtors.com/

February 13, 2025 10:30 AM Eastern Standard Time

Flash Appoints Chris Donus CEO

Flash

Flash, the leader in parking and mobility technology, today announced that Chris Donus, currently the President of Flash, has been appointed Chief Executive Officer. Donus joined Flash as CFO in 2023 and became President in June 2024. Dan Sharplin, who has served as Flash CEO since 2019, will continue as Executive Chairman of the Board of Directors. "It’s the perfect moment for Chris to step into the CEO role and lead Flash in its next phase of growth," said Dan Sharplin, Executive Chairman, Flash. "Chris is a proven leader, and as those who’ve worked with him will attest, has the ability to drive execution at speed and at scale that promises to take Flash to new heights." Sharplin will shift focus to strategy and Board leadership, actively supporting Chris Donus and the executive team and steering strategic projects and partnerships. He will continue advancing Flash’s industry leadership and driving its vision for the digital transformation of the industry to a modern marketplace that delivers seamless experiences to drivers and increased value and transparency for owners and operators. Donus will assume responsibility for strategic execution and continue leading the expansion of Flash’s emerging digital demand network, EV charging and parking platforms, and its regionalized branch organization. Donus joined Flash as a seasoned mobility and technology leader in finance and operations. Prior to Flash, he served as COO and CFO at Wheel Health, VP and Business Unit leader of Express Drive at Lyft, and served in President, COO and CFO roles at Silvercar. "I thank Dan Sharplin and the Board of Directors for their support and confidence as well as the incredible opportunity to lead the world class team we've assembled at Flash," said Donus. "I couldn't be more excited for the possibilities that lay ahead – for Flash and for the industry – as we continue the journey to make the transformation of parking a reality." An innovator in parking management technology since 2011, Flash has achieved unprecedented scale encompassing over 16,000 parking assets, 1 billion annual transactions, and 450 million driver touchpoints in the apps consumers use everyday. Flash is leading the industry transformation to a connected mobility ecosystem that delivers a seamless parking experience for drivers and unlocks profitability and asset yield for operators and owners. About Flash Flash is a pioneering technology company bringing seamless parking and EV charging experiences to drivers through a first-of-its-kind digital ecosystem. Flash’s platform connects reservable parking and charging in the apps drivers use every day with garage, surface lot, event, and valet parking locations — connected and controlled via a cloud-based operating system with unrivaled intelligence. Customer-obsessed brands partner with Flash to deliver digital, easy-to-use, reliable, and increasingly frictionless experiences to drivers eager to pay for a solution that eliminates wasted time, excess emissions, and stress from driving. The solution has arrived. Visit www.flashparking.com to learn more. Contact Details Ray Young +1 512-694-6097 ray@razorsharppr.com Company Website https://www.flashparking.com/

February 13, 2025 08:15 AM Central Standard Time

Flash Names Jim Zeitunian Chief Technology Officer

Flash

Flash, the leader in parking and mobility technology, today announced the hiring of Jim Zeitunian as Chief Technology Officer (CTO). Over his decades-long career, Zeitunian has led the transformation of hardware and software firms into AI-forward technology innovators. As CTO of Flash, he will drive innovation and advancement of the digital parking ecosystem powering Flash’s parking management platform. "Now is a pivotal time in parking and mobility innovation, and Jim's track record of modernizing legacy industries through AI and cloud technologies aligns perfectly with Flash's vision," said Dan Sharplin, Flash's CEO and Chairman. "His expertise in scaling AI platforms will accelerate our transformation of the parking experience, from expanding our AI-enabled Vision camera network to deepening integrations with consumer apps like ParkMobile. Jim's leadership will be instrumental in building the intelligent mobility infrastructure of tomorrow." Zeitunian joins Flash with a distinguished career in technology leadership, including most recently as CTO of Powerfleet, where he transitioned a traditional fleet management business into a data-driven SaaS powerhouse. Earlier in his career, he developed enterprise SaaS platforms at Coupa Software and Thomson Reuters, gaining unique insight into scaling complex technology ecosystems for Fortune 500 businesses. "The parking industry is ready for an AI-driven revolution, and as a pioneer in parking and mobility technology, Flash has positioned itself to lead it," said Zeitunian. "We’re creating an intelligent parking network that will fundamentally change how people and vehicles move through urban spaces. The opportunity to join Flash's talented team to scale this vision globally is incredibly exciting." In the CTO role, Zeitunian assumes leadership of Flash's global engineering, product management and design, and quality assurance teams and reports to Flash president Chris Donus. Priorities include expanding Flash's AI capabilities across its product portfolio, scaling the company's cloud-based operating system to support growing transaction volumes, and accelerating the integration of parking, EV charging, and mobility services into a unified digital experience. About Flash Flash is a pioneering technology company bringing seamless parking and EV charging experiences to drivers through a first-of-its-kind digital ecosystem. Flash’s platform connects reservable parking and charging in the apps drivers use every day with garage, surface lot, event, and valet parking locations — connected and controlled via a cloud-based operating system with unrivaled intelligence. Customer-obsessed brands partner with Flash to deliver digital, easy-to-use, reliable, and increasingly frictionless experiences to drivers eager to pay for a solution that eliminates wasted time, excess emissions, and stress from driving. The solution has arrived. Visit www.flashparking.com to learn more. Contact Details Ray Young +1 512-694-6097 ray@razorsharppr.com Company Website https://www.flashparking.com/

February 03, 2025 12:00 PM Central Standard Time

MetaProp Reveals Startups Selected for 2025 Accelerator at Columbia University

MetaProp

The MetaProp Accelerator at Columbia University announced six new PropTech startups have been selected into its landmark tenth cohort. This prestigious 22-week program, hosted in the heart of New York City, continues to shape the future of real estate technology by connecting transformative startups with MetaProp’s unparalleled global network of investors, mentors, and industry leaders. The companies were chosen from a record 200+ applications from around the world. The 2025 MetaProp Accelerator at Columbia University’s tenth cohort includes: The startups' innovative solutions address urban sustainability through decarbonization and solar energy, aligning with regulations such as New York City’s Local Law 97. The tenth accelerator cohort also includes cutting-edge advancements in artificial intelligence to optimize building efficiency and construction technology aimed at increasing housing supply in the midst of a housing crisis, reflecting the sector’s commitment to driving meaningful and timely change. Participating entrepreneurs include a former Google executive, members of Brooklyn Navy Yard’s deep tech center NewLab, a Y Combinator graduate, and accomplished Harvard University, Stanford University, and University of Pennsylvania alumni. " As both a participating member of NYCEDC's Venture Access Alliance and a recipient of the NYC Catalyst Fund, MetaProp is at the forefront of real estate technology - uplifting startups to lead the way in sustainable urban innovation and decarbonization," said New York City Economic Development Corporation (NYCEDC) Chief Operating Officer Melissa Román Burch. " The success of the MetaProp Accelerator at Columbia University over the past decade is tangible throughout the five boroughs, and we look forward to the tenth cohort advancing cutting-edge technology and creating local jobs as they grow their businesses. " Since launching in 2015, 50 companies have participated in MetaProp acceleration programs. Graduates have raised over $200m in combined venture funding and have ultimately exited to industry leaders like JLL, Comcast, Realtor.com, and Alarm.com. MetaProp General Partner Zach Aarons commented, " As we celebrate the past decade of the MetaProp Accelerator at Columbia University, we are reminded of the incredible impact innovative PropTech solutions can have on making cities like New York more sustainable. This year’s cohort is uniquely positioned to tackle the challenges of decarbonization, energy use, and urban mobility, driving meaningful change for the real estate industry and the communities it serves. " “ REBNY’s partnership with the MetaProp Accelerator underscores our commitment to integrating cutting-edge technologies within New York’s real estate sector,” said Sandhya Espitia, Chief Operating Officer at REBNY. “ This collaboration is pivotal in maintaining New York’s leadership in real estate technology and providing our members direct access to innovations shaping our industry for years to come. ” About MetaProp: MetaProp is a New York-based venture capital firm focused on the real estate technology (PropTech) industry. Founded in 2015, MetaProp's investment team has invested in 175+ technology companies across the real estate value chain. The firm manages multiple funds for both financial and strategic real estate investors that represent a pilot- and test-ready sandbox of 20+ billion square feet across every real estate asset type and global market. The firm's investment activities are complemented by pioneering community leadership including the PropTech Place innovation hub, MetaProp Accelerator at Columbia University programs, global events including NYC Real Estate Tech Week, and publications Global PropTech Confidence Index and PropTech 101. Contact Details MetaProp Wes Mizell +1 512-460-9200 wmizell@metaprop.com Company Website https://www.metaprop.com/

January 31, 2025 09:00 AM Eastern Standard Time

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CPREX Enters Las Vegas Market with Acquisition of Martinique Bay Multifamily Property

Clarion Partners

Clarion Partners Real Estate Income Fund Inc. (“CPREX” or the “Fund”) announced today it has acquired Martinique Bay, a 256-unit garden style apartment community located in the Green Valley submarket of the Las Vegas/Henderson area of Nevada. Clarion Partners brings decades of experience in the Multifamily sector, with more than $11 billion currently invested across Class A and garden-style apartments in key markets throughout the U.S. This purchase brings the total amount of residential space owned by CPREX investors to more than 41% of the Fund. 1 More broadly, Clarion Partners has almost $2 billion invested in commercial real estate across the Las Vegas metro area. “The purchase of Martinique Bay, in the thriving planned community of Green Valley, is not only ideally located near the Harry Reid International Airport and major shopping and employment hubs, but it is also a great property for families with its above-average unit sizes and access to some of the best public schools in the greater Las Vegas metro,” says Clarion Partners Managing Director and Fund Manager Rick Schaupp. Clarion is part of Franklin Templeton’s alternatives business, which spans a broad range of strategies, including real estate, private credit, hedge funds and secondary private equity and co-investments with approximately $250 billion in assets under management as of September 30, 2024. Clarion Partners serves as CPREX’s sub-adviser and Franklin Templeton through different entities serves as the adviser, administrator and distributor of the Fund. For a deeper look at why Clarion Partners has high conviction in the multifamily sector, view our latest Clarion Calls Market Insights video: To read our latest whitepaper about the U.S. multifamily sector, click here: The Endurance of U.S. Rental Housing Investments. About Clarion Partners Clarion Partners, 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 over $73 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 500 institutional investors across the globe. For more information visit www.clarionpartners.com. About Franklin Templeton Franklin Resources, Inc. [NYSE:BEN] is a global investment management organization with subsidiaries operating as Franklin Templeton and serving clients in over 150 countries. Franklin Templetonâs mission is to help clients achieve better outcomes through investment management expertise, wealth management and technology solutions. Through its specialist investment managers, the company offers specialization on a global scale, bringing extensive capabilities in fixed income, equity, alternatives and multi-asset solutions. With more than 1,500 investment professionals, and offices in major financial markets around the world, the California-based company has over 75 years of investment experience and over $1.6 trillion in assets under management as of June 30, 2024. For more information about CPREX and Alternatives by Franklin Templeton, please visit cprex.com or alternativesbyft.com. 1 Reflects the Gross Real Estate Value of each asset as a percentage of the Gross Real Estate Value of the Private Real Estate sleeve. Source: Clarion Partners. As of January 2, 2025, this investment represents 5.6% of relative percentage of the holding of the entire portfolio (100%). Characteristics and holdings weightings are based on total portfolio, are subject to change at any time, and are provided for informational purposes only. Not to be construed as a recommendation to purchase or sell any security. There can be no assurance that any unrealized investment described herein will prove to be profitable. Investment Risks: All investments involve risk, including loss of principal. Past performance is no guarantee of future results. Liquidity Risk Considerations: The Fund should be viewed as a long-term investment, as it is inherently illiquid and suitable only for investors who can bear the risks associated with the limited liquidity of the Fund. Limited liquidity is provided to shareholders only through the Fund’s quarterly repurchase offers for no more than 5% of the Fund’s shares outstanding at net asset value. There is no guarantee these repurchases will occur as scheduled, or at all. Shares will not be listed on a public exchange, and no secondary market is expected to develop. Shareholders may not be able to sell their shares in the Fund at all or at a favorable price. Risks related to investment made by the Fund: The Fund’s investments are highly concentrated in real estate investments, and therefore will be subject to the risks typically associated with real estate, including but not limited to local, state, national or international economic conditions; including market disruptions caused by regional concerns, political upheaval, sovereign debt crises and other factors. Asset-backed, mortgage-backed or mortgage-related securities are subject to prepayment and extension risks. The Fund and/or its subsidiaries employ leverage, which increases the volatility of investment returns and subjects the Fund to magnified losses if an underlying fund’s investments decline in value. The Fund may use derivatives, such as options and futures, which can be illiquid, may disproportionately increase losses, and have a potentially large impact on Fund performance. Fixed income securities involve interest rate, credit, inflation and reinvestment risks. As interest rates rise, the value of fixed income securities fall. High-yield bonds possess greater price volatility, illiquidity and possibility of default. Before investing, carefully consider a Fund's investment objectives, risks, charges and expenses. You can find this and other information in each prospectus, or summary prospectus, if available, at www.franklintempleton.com. Please read it carefully. Any information, statement or opinion set forth herein is general in nature, is not directed to or based on the financial situation or needs of any particular investor, and does not constitute, and should not be construed as, investment advice, forecast of future events, a guarantee of future results, or a recommendation with respect to any particular security or investment strategy or type of retirement account. Investors seeking financial advice regarding the appropriateness of investing in any securities or investment strategies should consult their financial professional. INVESTMENT PRODUCTS: NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE ©2025 Franklin Distributors, LLC, member FINRA, SIPC. Franklin Distributors, LLC, and Clarion Partners, LLC are all subsidiaries of Franklin Resources, Inc. Contact Details Chris Sullivan +1 917-902-0617 chris@craftandcapital.com Company Website https://www.clarionpartners.com

January 22, 2025 08:00 AM Eastern Standard Time

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