Real Estate

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

Benchmark International Unveils the 2024 Global Roofing Industry Report

Benchmark International

Benchmark International, the leading middle market mergers and acquisitions firm, has unveiled its 2024 Global Roofing Industry Report. The comprehensive report offers an in-depth analysis of the current trends, challenges, and opportunities within the global roofing industry, providing crucial insights for business owners, investors, and industry professionals. With the roofing industry undergoing significant transformation due to advancements in materials, environmental regulations, and the growing demand for sustainable solutions, Benchmark International's report serves as an essential resource for stakeholders looking to navigate this dynamic landscape. The report highlights key growth drivers, emerging market opportunities, and the impact of economic conditions on the industry. Key insights from the 2024 Global Roofing Industry Report include: Market Growth: The report forecasts steady growth in the global roofing market, driven by increasing construction activities, urbanization, and the rise in green building practices. Sustainability Trends: There is a growing emphasis on eco-friendly and energy-efficient roofing solutions, with sustainable materials and practices gaining traction across various regions. Technological Advancements: Innovations in roofing materials, including the adoption of smart roofing systems and the integration of renewable energy solutions, are set to reshape the industry. Regulatory Impact: Stringent environmental regulations and building codes are influencing roofing practices worldwide, necessitating greater compliance and adaptation by industry players. M&A Activity: The report notes a surge in mergers and acquisitions within the roofing sector as companies seek to expand their market presence, diversify their offerings, and leverage synergies. The report is available on Benchmark International's website and is part of the firm's ongoing commitment to providing industry-leading insights and guidance to its clients. For more information and to access the full 2024 Global Roofing Industry Report, please visit: https://www.benchmarkintl.com/insights/2024-global-roofing-industry-report/ ABOUT BENCHMARK INTERNATIONAL: Benchmark International is a global M&A firm that provides business owners with creative, value-maximizing solutions for growing and exiting their businesses. Benchmark International has handled over $11 billion in transaction value across various industries from offices across the world. With decades of M&A experience, Benchmark International’s transaction teams have assisted business owners with achieving their objectives and ensuring the continued growth of their businesses. The firm has also been named the Investment Banking Firm of the Year by The M&A Advisor and the Global M&A Network as well as the #1 Sell-side Exclusive Privately-held M&A Advisor in the World by Pitchbook and Refinitiv's Global League Tables. Contact Details Brittney Zoeller +1 813-898-2350 zoeller@benchmarkintl.com Company Website https://www.benchmarkintl.com/

August 15, 2024 09:00 AM Eastern Daylight Time

Image

K3 Holdings and Alpine LA Properties Congratulate Team USA for Winning Paris Olympics Medal Count

K3 Holdings

K3 Holdings, a privately held real estate investment firm with extensive holdings throughout the United States and Alpine LA Properties, a leasing company providing newly remodeled apartments at affordable rates in Los Angeles, congratulated Team USA for their outstanding performance in the Paris Olympics. Following more than two weeks of competition and lifetimes of preparation, athletes representing the United States won 126 medals (40 gold) leading all other countries at the conclusion of the games in Paris. "Congratulations to Team USA for showcasing the true spirit of excellence and determination, bringing home the most medals and making us all proud,” stated Michael Kadisha, a Principal of K3 Holdings. "Winning the most medals is a triumph of skill and perseverance, and more so, a testament to the unity and resilience that define the American spirit. Dedication, hard work, and a never-give-up attitude leads to greatness, and we are all inspired by the performance of our athletes in Paris.” "In sports, as in life, the way we handle victory says as much about us as the victory itself. Gratitude and humility elevate every achievement. Winning with grace and losing with dignity are the hallmarks of true champions,” Michael Kadisha continued. “The K3 Holdings and Alpine teams were impressed at how Team USA proved themselves to be real winners by celebrating their victories while honoring their opponents with respect and gratitude.” The Olympics serve as a unique platform where nations from every corner of the globe come together in a spirit of friendly competition. Beyond the medals and records, the Olympics foster an environment where cultural exchange and mutual understanding thrive. In a world often divided by differences, the Olympics create a space where adversaries can engage in dialogue, learn from one another, and find common ground through shared values of sportsmanship and respect. "The Olympics is a powerful testament to how people from diverse cultures and backgrounds can come together to achieve greatness," stated Nathan Kadisha, a K3 Principal. "The actions of Olympic athletes in Paris show us that dedication, perseverance, and mutual respect transcend borders and ideologies. These are the values that can truly unite us and drive real change beyond the games." “We are excited that Los Angeles will be hosting the Olympics four years from now,” Michael Kadisha said. “By watching athletes from rival nations compete with honor and integrity, in our own community, we will once again be reminded that even in competition, there is room for cooperation, empathy, and the possibility of resolving conflicts peacefully.” ### For more information or to schedule an interview with a K3 spokesperson, please contact Dan Rene at 202-329-8357 or dan@danrene.com Contact Details K3 Holdings/Alpine LA Properties Dan Rene +1 202-329-8357 dan@danrene.com Company Website https://k3holdings.com/

August 12, 2024 11:30 AM Eastern Daylight Time

Copper Property CTL Pass Through Trust Files Quarterly Report for the Period Ended June 30, 2024

Copper Property CTL Pass Through Trust

Copper Property CTL Pass Through Trust (“the Trust”) has filed its Quarterly Report on Form 10-Q for the quarter ended June 30, 2024. As previously announced, the Trust will host a live conference call to discuss its recently filed financial and operating results. Additional information, including the Trust’s Monthly and Quarterly Reports, as well as other filings with the Securities and Exchange Commission (“SEC”) can be accessed via the Trust’s website at www.ctltrust.net. Conference Call Details: DATE: Tuesday, August 13, 2024 TIME: 11:00 am CDT | 12:00 pm EDT DIAL-IN: U.S. & Canada Toll Free: (877) 841-2983 or International (215) 268-9893 WEBCAST: www.ctltrust.net via the Investor Relations Section or click here to access REPLAY (Available for 30 days): U.S. & Canada Toll Free: (877) 660-6853 / International: (201) 612-7415 Conference ID#: 13748365 Telephone Replays will be made available approximately 3 hours after the conference end time. Participants will be required to state their name and company upon accessing the replay. 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 https://www.ctltrust.net/. 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 www.sec.gov. 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 Jessica Cummins +1 847-313-4755 jcummins@hilcoglobal.com Company Website https://ctltrust.net/about/default.aspx

August 08, 2024 04:15 PM Eastern Daylight Time

Copper Property CTL Pass Through Trust Issues Monthly Reporting Package for July 2024

Copper Property CTL Pass Through Trust

Copper Property CTL Pass Through Trust (“the Trust”) has filed a Form 8-K containing its monthly report for the period ended July 31, 2024. An aggregate total distribution of $7.61 million or $0.101477 per trust certificate will be paid on August 12, 2024, to certificateholders of record as of August 9, 2024. Additional information, including the Trust’s Monthly and Quarterly Reports, as well as other filings with the Securities and Exchange Commission (“SEC”) can be accessed via the Trust’s website at www.ctltrust.net. 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 https://www.ctltrust.net/. 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 www.sec.gov. 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 Jessica Cummins - Investor Relations +1 847-313-4755 jcummins@hilcoglobal.com Company Website https://ctltrust.net/about/default.aspx

August 07, 2024 04:15 PM Eastern Daylight Time

Copper Property CTL Pass Through Trust Schedules Live Call to Discuss Recent Financial and Operating Results

Copper Property CTL Pass Through Trust

Copper Property CTL Pass Through Trust (“the Trust”) announced today that it will host a live conference call on Tuesday, August 13, 2024 at 12:00 pm Eastern Time. Members of the Trust’s management team will discuss its recent financial and operating results as reflected in the Trust’s monthly report for the period ended July 31, 2024, and Form 10-Q for the period ended June 30, 2024, both of which are expected to be filed prior to the call. The conference call will include a question and answer (Q&A) session. Additional information, including the Trust’s Monthly and Quarterly Reports, as well as other filings with the Securities and Exchange Commission (“SEC”) can be accessed via the Trust’s website at www.ctltrust.net. Conference Call Details: DATE: Tuesday, August 13, 2024 TIME: 11:00 am CDT | 12:00 pm EDT DIAL-IN: U.S. & Canada Toll Free: (877) 841-2983 or International (215) 268-9893 WEBCAST: www.ctltrust.net via the Investor Relations Section or click here to access REPLAY (Available for 30 days): U.S. & Canada Toll Free: (877) 660-6853 / International: (201) 612-7415 Conference ID#: 13748365 Telephone Replays will be made available approximately 3 hours after the conference end time. Participants will be required to state their name and company upon accessing the replay. 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 https://www.ctltrust.net/. 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 www.sec.gov. 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 Jessica Cummins +1 847-313-4755 jcummins@hilcoglobal.com Company Website https://ctltrust.net/about/default.aspx

August 06, 2024 12:35 PM Eastern Daylight Time

Chelsea Piers Fitness Unveils a Luxurious 60,000-Square-Foot Club in Flatiron

Chelsea Piers Fitness

Chelsea Piers Fitness today announced the opening of its Flatiron club at 308 Park Ave S in One Madison Avenue, marking a significant milestone in the brand’s expansion of its legacy throughout the New York City Metro area. With a focus on supporting the city’s evolution as a leader in sports, fitness, entertainment, and hospitality - Chelsea Piers continues to break down barriers and shape the future of fitness with an inclusive approach that embraces the local community with unique amenities and experiences. Located in the iconic One Madison Avenue building developed by SL Green, Chelsea Piers Fitness Flatiron spans over 60,000 square feet across four floors. This elite facility sets the standard for modern premium fitness, providing cutting-edge amenities such as a contrast therapy suite, meticulously crafted locker rooms that include relaxing steam and sauna experiences, and distinctive studio spaces with salt walls and infrared technology. A strong emphasis on community wellness can be seen throughout the facility as well, with the layout built to cultivate in-person social engagement. From a floor dedicated to co-working and social experiences to Roman bath inspired recovery spaces - Chelsea Piers Fitness is revolutionizing the fitness industry by reimagining the concept of a gym, transforming it into a true community with spaces designed for gathering. "Our expansion into the Flatiron community represents a milestone for Chelsea Piers Fitness, pairing our unmatched fitness experience with one of Manhattan’s most active neighborhoods," said David Tewksbury, CEO and Co-Founder of Chelsea Piers Fitness. "We designed our Flatiron club to be a destination where the community can come together to prioritize health and wellness. With extensive amenities and a strong focus on community and wellbeing, this new location embodies our dedication to making a positive impact on New Yorkers’ lives." To design a space that honors the brand’s deep roots in New York City and the essence of its new locale Chelsea Piers Fitness joined forces with Dan Fink Studio, a distinguished interior design and architecture firm. The club embodies a blend of modernity and heritage, combining cutting-edge wellness technology with timeless architectural motifs reminiscent of New York's iconic public buildings. Paying homage to Chelsea Piers Fitness' legacy, the design artfully integrates elements from its original location — including industrial red trusses and a grand staircase constructed with materials inspired by the flagship Pier 60, and custom leaded stained glass windows to represent the hues of the Hudson River. Furthermore, the club features a curated collection of commissioned artwork from local New York artists that celebrates the Flatiron neighborhood's spirit, adding a distinctive cultural layer to the member experience. “Designing this club was an unbelievable journey, weaving the rich history of both Chelsea Piers Fitness and New York City into an architectural narrative,” said Ariel Calderón, Vice President Architecture and Design at Chelsea Piers Fitness. “Our goal was to create a welcoming and inclusive space that embodies community and New York City’s dynamic spirit – a place where people can gather, exercise, work, and connect, capturing the essence of Chelsea Piers." Chelsea Piers Fitness’ Flatiron facility boasts top-of-the-line amenities and offerings, including: Himalayan Salt-Covered Wall + Infrared Yoga Studios – unique studio spaces that offer a myriad of health & wellness benefits Co-Ed Contrast Therapy Suite – communal wellness space offering opportunities for contrast therapy with a 10-person infrared sauna Boutique Classes – 120+ weekly classes run by top-tier group fitness instructors + personal trainers Fully-Stacked Strength + Cardio Floors – a strength floor offering a 4,000-square-foot multi-functional turf, boxing bags, TRX, olympic platforms, complimentary fitness assessments and more, plus a dedicated cardio floor stacked with a second functional turf, Peloton bikes, a fleet of Woodway equipment, and the only gym in NYC with the new Symbio treadmills from Life Fitness equipment. Massive Members Lounge + Co-Working Space – a 6,000 square foot lounge with numerous library-style tables and privacy booths, and a dedicated quiet-area Luxury Locker Rooms – immaculate steam & sauna experiences crafted with recovery and relaxation in mind, stocked with Malin + Goetz personal care products For more information about Chelsea Piers Fitness Flatiron and membership opportunities, visit fitness.chelseapiers.com/locations/flatiron. About Chelsea Piers Fitness The Chelsea Piers brand represents the New York Metro area’s most dynamic sports and fitness center with its original 28-acre waterfront sports village complex located between 17th and 23rd Streets along Manhattan’s Hudson River. Chelsea Piers opened in 1995, transforming four historic, but long-neglected, piers into a major center for public recreation and waterfront access. Situated on Piers 59, 60, and 61 in the head house that connects them, Chelsea Piers features the Golf Club, Field House, Sky Rink, Chelsea Piers Fitness, and Bowlero at Chelsea Piers; the Pier Sixty, Lighthouse, and Current event centers; along with movie and television studios and The Marina at Chelsea Piers. In June 2018, Chelsea Piers opened its first stand-alone fitness club, Chelsea Piers Fitness in Downtown Brooklyn. The Chelsea Piers Fitness brand redefines the traditional gym experience, incorporating state-of-the-art training options, studio-quality class experiences, open creative spaces, unique design, and first-rate customer service. The clubs offer a wide array of traditional fitness options such as hot yoga, Pilates, cycle, strength, and cardio as well as sports specific fitness options like swimming, boxing, rock climbing, basketball, and sand volleyball. Chelsea Piers Fitness club locations include Chelsea, Downtown Brooklyn, Flatiron, Prospect Heights Brooklyn, and Stamford CT. About SL Green Realty Corp. SL Green Realty Corp., Manhattan's largest office landlord, is a fully integrated real estate investment trust, or REIT, that is focused primarily on acquiring, managing and maximizing the value of Manhattan commercial properties. As of June 30, 2024, SL Green held interests in 55 buildings totaling 31.8 million square feet. This included ownership interests in 28.1 million square feet of Manhattan buildings and 2.8 million square feet securing debt and preferred equity investments. About One Madison Avenue Developed by SL Green Realty Corp., One Madison Avenue is a 27-story newly developed office tower located in Midtown South, adjacent to Madison Square Park. The 1.4 million-square-foot office tower provides the highest standard for today’s workplace with forward-thinking amenities and a cutting-edge healthy work environment, in addition to an amenity-rich and curated retail collection at the base of the building. It features oversized roof terraces, “The Commons”, a 7,000-square-foot tenant-only amenity space and Le Jardin sur Madison, a one-of-a-kind 6,200-square-foot rooftop event space designed by renowned architect David Rockwell with a lushly landscaped 5,000-square-foot rooftop garden by SMI Landscape Architecture. The newly transformed office tower will also feature La Tête d’Or, a refined steakhouse by Michelin-starred Chef Daniel Boulud. Notable tenants include Chelsea Piers Fitness, International Business Machines Corporation (“IBM”), Franklin Templeton, Coinbase, Palo Alto and FanDuel. Contact Details Powers PR Alex Turk alext@powers-pr.com Company Website https://fitness.chelseapiers.com

August 01, 2024 09:12 AM Eastern Daylight Time

Image

Builders Capital Announces New Lending Division and Significant Headcount Growth

Builders Capital

Builders Capital, the nation’s leading provider of real estate financing to private homebuilders, today announced that it has significantly expanded its loan production operations with the addition of more than 40 new team members. The new lending division will originate loans focused on the local and regional real estate investor markets with loan sizes between $100K-$3MM. The team will be led by Jonathan Andrews, previously COO of Upright (formerly Fund That Flip), and will operate under the trade name Casa Lending, a nod to the division’s dedication to residential real estate and community development. “We are thrilled to welcome over 40 new team members to the Builders Capital family,” said Robert Trent, CEO of Builders Capital. “This team comes with deep expertise in small balance fix and flip and ground up construction with an innovative loan product suite dedicated to a market that Builders Capital has not yet tapped into. This strategic investment puts us in an extremely competitive position to capitalize on our goal of being the top private lender in the nation.” “I am excited to be leading this new initiative for Builders Capital,” said Jonathan Andrews. “This is a market that has historically been underserved by banks and lacked efficient access to capital, which Builders Capital helps to solve. Working closely with local and regional real estate investors over the last decade, I’ve become very familiar with their unique challenges and goals. I'm looking forward to working with Rob and the team at Builders to scale this new opportunity with the highest levels of speed, customer service and execution.” Builders Capital recently announced a $500 million transaction in growth capital with InterVest, which has helped propel the firm’s growth. As of 2024, Builders Capital has surpassed $10 billion in originated loans across the nation. Learn more about the new division Casa Lending at www.casalending.com. 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 an East Coast headquarters in Fort Lauderdale, Florida, and 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: builderscapital.com. Contact Details Builders Capital Kendall Bazan kendall.bazan@builderscapital.com Company Website https://builderscapital.com/

July 31, 2024 11:12 AM Eastern Daylight Time

Leaders in Real Estate Weigh in on National Rent Cap Proposals

K3 Holdings

K3 Holdings, a privately held real estate investment firm with extensive holdings throughout the United States issued a statement today regarding the recent proposal by the President of the United States to implement a national cap of 5% on annual rent increases. While leaders of K3 Holdings and Alpine LA Properties commend the White House's effort to address the escalating costs of housing, leaders believe that the proposed one-size-fits-all approach falls short in addressing the complexities of housing affordability across diverse regions. "Rent control policies, like the proposed national cap, are intended to stabilize housing expenses for tenants. However, the effectiveness of such policies, especially at a national level, remains a contentious issue," said Michael Kadisha, Principal of K3 Holdings. "While rent stabilization can provide much-needed stability to tenants, the recent White House proposal overlooks the crucial ties to economic metrics and the diverse circumstances of renters and property managers." Housing markets vary significantly across the United States, and what works in one region may not be suitable for another. Existing local rent control measures reflect regional nuances but would fall short if implemented on a national scale. "In addition to relieving pressure on renters, it is essential to recognize that landlords also face increasing costs in maintaining properties," added Nathan Kadisha, Principal of K3 Holdings. "While rent controls might stabilize or reduce rent increases, they do little to address the rising operational costs landlords face, such as maintenance, utilities, insurance, and other expenses." Market dynamics heavily influence rent prices, with supply and demand playing critical roles. Policies that discourage new construction or renovations due to stringent rent caps could exacerbate housing shortages, driving rents even higher in the long run. “Effective policy making demands a balanced approach —one that prioritizes stability, fairness, and inclusivity,” Nathan Kadisha continued. “By fostering collaboration between policymakers, tenants, landlords, and other stakeholders, we can work towards building stronger communities where safe, stable, and affordable housing is accessible to all.” “As property managers, K3 Holdings stands ready to engage in constructive dialogue and collaboration towards these shared goals. Together, we can envision a future where housing insecurity is a thing of the past, and every individual and family can thrive in a home they can afford,” Michael Kadisha said. “By striving for comprehensive, locally adaptable solutions, we can pave the way towards a more equitable housing landscape for all Americans.” ### For more information or to schedule an interview with a K3 spokesperson, please contact Dan Rene at 202-329-8357 or dan@danrene.com Contact Details Dan Rene +1 202-329-8357 dan@danrene.com

July 25, 2024 02:15 PM Eastern Daylight Time

Caddis Cloud Solutions: A New Force in Cloud Infrastructure and Data Center Development

Caddis Cloud Solutions

Today marks the debut of Caddis Cloud Solutions, a global advisory firm specializing in Data Center development, cloud capacity sourcing and end-user deployment. Previously known as CloudSphere Consulting, Caddis is poised to leverage its deep industry expertise to help its clients around the globe provide and capture cloud capacity. The global data center market is projected to grow to $792.29 billion by 2032, marking a 241% increase from 2023. According to CBRE, as of the first quarter of this year, roughly half of the current data center capacity is under construction, with 84% already allocated. "Today, there is a critical shortage of cloud capacity to meet the burgeoning demand for cloud space. Our mission at Caddis is to help bridge this gap and deliver cutting-edge solutions that address the complex demands of the modern data center landscape," said Scott Jarnagin, founder and CEO of Caddis. Within this rapidly expanding market, Caddis sets itself apart through its comprehensive, end-to-end service model. On the supply side, the company collaborates with real estate developers, infrastructure firms, and data center operators to enhance cloud capacity. Additionally, Caddis works closely with hyperscalers and AI/GPU infrastructure providers to identify opportunities for increasing cloud capacity for their clients. In each engagement, the Caddis team delivers tailored solutions, enabling stakeholders to navigate complexities and achieve their technological and operational goals. To further highlight its distinct approach, Caddis emphasizes a collaborative strategy that combines industry-leading technology with strategic partnerships. This synergy not only accelerates the deployment of high-demand infrastructure but also ensures that clients benefit from scalable cloud solutions. Through innovative project management and a commitment to excellence, Caddis is transforming the landscape of cloud infrastructure. Caddis is led by Jarnagin, who brings over 25 years of industry experience. Prior to founding Caddis, he led cloud service deployments as the head of the Site Selection team at Oracle Cloud Infrastructure. His extensive background also includes a high-visibility role at Microsoft, where he specialized in global project management, vendor management, and infrastructure as a service. “Caddis Cloud Solutions is not just a new name in the industry, we are a new paradigm in cloud infrastructure development. We are committed to building strategic partnerships and innovative projects that pave the way for future advancements,” said Jarnagin. “As we continue to expand, we are steadfastly focused on launching groundbreaking projects globally and forging strategic partnerships that reinforce our status as a leader in comprehensive cloud and data center solutions.” Caddis Cloud Solutions is a premier global advisory firm specializing in strategic Data Center development, cloud capacity sourcing, and end-user deployment. With over 25 years of experience in bridging the gap between cloud capacity supply and demand, the firm ensures clients – from hyperscalers to enterprises, to cloud infrastructure providers, data center developers and operators, and others – receive tailored solutions for their cloud infrastructure needs. Caddis aims to form long-term partnerships with clients that extend beyond single engagements. For more information, please visit: www.caddiscloud.com Contact Details Kite Hill PR Lara Schembri lara@kitehillpr.com Company Website https://caddiscloud.com/

July 22, 2024 09:00 AM Eastern Daylight Time

1 2 3 4 5 ... 84

Back