Real Estate

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

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

G6 Hospitality Adds Over 150 Corporate Clients in 2025

G6 Hospitality LLC

G6 Hospitality, the parent company of Motel 6 and Studio 6, today shared that it has added over 150 corporate clients in 2025. With more than 500 meetings conducted with potential and existing corporate accounts across the country, the company has successfully secured several major accounts across industries, including Construction, Transportation, Agriculture, Retail and Transitional Housing. These new corporate clients are primarily from Texas, California and Florida. The company has seen significant growth in its corporate segment, with a ~26% increase in revenue in Q1 2025 vs same period last year. G6 Hospitality has been adding approximately 50 new corporate accounts every month since January 2025. The company is focusing its efforts on construction, transportation, and agriculture industries, while also pursuing small to medium-sized businesses that generate annual bookings ranging from $15,000 to over $1 million. Natson Hotel Group, one of G6 Hospitality's key franchises, saw over 2X growth in corporate revenue in Q1 2025 vs Q1 2024. "By cultivating relationships with businesses across various industries, we're not only diversifying our client base but also creating consistent occupancy that benefit our network across locations. The collaborative approach with our franchise partners has been instrumental in identifying and securing these valuable corporate relationships," said Sonal Sinha, CEO - G6 Hospitality. Corporate clients benefit from several advantages including better rates with discounts averaging 10-12%, 30-day credit facilities through corporate direct billing, dedicated customer service, and easy issue resolution. The company creates corporate profile codes that apply discounts automatically when used on My6 app and website. Corporate clients can book via the website, app, call center, or email support. The company is actively pursuing additional corporate opportunities, including winning back former clients and extending contracts with existing 2024 accounts. Corporate account inquiries can be directed to Rohit Goel at Rohit.Goel@g6hospitality.com. About G6 Hospitality LLC G6 Hospitality LLC is the leading economy lodging franchisor, with nearly 1,500 economy lodging locations under the iconic Motel 6 brand and the Studio 6 Extended Stay brand in the United States and Canada. G6 Hospitality is committed to making hospitality accessible to all through responsible business practices and unparalleled opportunity for franchisees to build a legacy through ownership. Both Motel 6 and Studio 6 were recognized in the 2024 Entrepreneur Franchise 500® report, with Motel 6 ranking in the top 50 of all franchises. The Carrollton, Texas, based company was named a 2024 Leader in Diversity by Dallas Business Journal. For more information, please visit www.g6hospitality.com. Contact Details G6 Hospitality LLC Anupriya Malik +91 97911 63065 anupriya.d@oyorooms.com

April 14, 2025 11:00 AM Central 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

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

Image

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

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

1 2 3 4 5 ... 93

Back