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NAVEX Unveils Curated AI Content Library to Simplify Compliance and Risk Mitigation

NAVEX Global

NAVEX, the global leader in integrated risk and compliance management software, introduces its new AI-focused content library designed to help organizations address the rapidly evolving landscape of Artificial Intelligence (AI) regulations and frameworks. As AI technologies become part of daily operations, many organizations find themselves entering uncharted waters regarding effective AI governance. According to Forrester’s September 2023 Artificial Intelligence Pulse Survey, 56% of AI decision-makers said their organization will use generative AI (genAI) in the next 12 months for internal or customer-facing production applications for employee productivity. The stakes are rising, and navigating these challenges without a clear framework can feel overwhelming, leaving companies vulnerable to risks. NAVEX plays a critical role by enabling companies to implement strong controls, automate workflows, and perform comprehensive testing. This approach simplifies complex challenges and transforms them into strategic opportunities. NAVEX’s content library is continuously curated to cover international and industry-specific AI regulations, including emerging standards and compliance requirements. By leveraging this resource, customers can ensure their AI initiatives align with ethical guidelines and regulatory mandates. A.G. Lambert, Chief Product Officer at NAVEX, captures the pivotal moment many organizations face: "As AI technologies revolutionize industries, companies find themselves standing at a crossroads, navigating the intricate landscape of effective AI governance. Our AI content not only empowers risk management professionals to establish crucial controls but also enhances efficiency by automating compliance processes. This dual approach enables organizations to embrace AI technology with confidence, transforming challenges into opportunities for growth and innovation." Key features of the NAVEX AI content library include: Centralized AI Regulatory Resources: Access a consolidated library of global AI regulations and industry-specific guidelines. Streamlined Control Development: Simplify the process of creating and implementing AI-specific controls to align with emerging regulations. Automated Compliance Monitoring: Leverage automation to track compliance requirements and ensure adherence through continuous control testing. Enhanced Risk Mitigation: Identify and mitigate AI-related risks proactively using structured regulatory frameworks. Future-Proof Compliance Strategy: Stay ahead of evolving AI laws and standards, ensuring the organization remains compliant and competitive. NAVEX is enhancing AI governance with its NAVEX One platform that streamlines the process of developing and distributing AI-related policies, ensuring companies stay aligned with fast-changing compliance requirements in the AI landscape. Should employees or third parties have AI-related issues or concerns, the NAVEX One platform offers employees a secure solution to report them. This proactive approach helps organizations identify and mitigate potential risks early on. The NAVEX content library offers over 400 regulations and compliance frameworks, continuously expanding to meet the demands of an evolving regulatory environment. This extensive resource includes critical AI regulations such as the EU AI Act, NIST AI Risk Management Framework, and the Colorado Artificial Intelligence Act. As AI governance becomes increasingly critical, NAVEX integrates AI training, incident management, and policy management into this comprehensive resource, ensuring organizations stay ahead of compliance requirements. With real-time updates, businesses can select tailored content to meet emerging AI regulatory standards, providing the tools to navigate current and future compliance challenges effectively. This seamless integration helps organizations maintain a proactive risk and compliance posture while leveraging cutting-edge technologies. The new AI content library is now available as part of NAVEX’s Integrated Risk Management solution. For more information, visit NAVEX’s Website. 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 +1 617-388-5773 scott.levesque@navex.com Company Website https://navex.com

October 08, 2024 08:00 AM Eastern Daylight Time

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Copper Property CTL Pass Through Trust Issues Monthly Reporting Package for September 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 September 30, 2024. An aggregate total distribution of $19.6 million or $0.260844 per trust certificate will be paid on October 10, 2024, to certificateholders of record as of October 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

October 07, 2024 04:15 PM Eastern Daylight Time

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Copper Property CTL Pass Through Trust Releases Q2-2024 Penney Intermediate Holdings LLC Financial Statements and Master Lease Store Performance Disclosures

Copper Property CTL Pass Through Trust

Copper Property CTL Pass Through Trust (“the Trust”) has filed a Form 8-K containing the Q2-2024 consolidated financial statements of Penney Intermediate Holdings LLC for the three months ended August 3, 2024 and July 29, 2023, respectively, and related Master Lease store performance disclosures. 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 +1 847-313-4755 jcummins@hilcoglobal.com Company Website https://ctltrust.net/about/default.aspx

September 27, 2024 04:15 PM Eastern Daylight Time

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HomeSphere and Scissortail Building Supply Partner to Deliver Turnkey Estimating and Purchasing to the Multifamily Market

HomeSphere

HomeSphere, the leading platform connecting building product manufacturers to mid-market homebuilders, today announced its newest partnership with multi-family building supply and service provider Scissortail Building Supply. Multifamily builders in HomeSphere’s network now have access to Scissortail’s comprehensive catalog of building materials, ranging from lumber to trim, windows, and doors, along with Scissortail’s specialized consulting in pre-construction planning, product selection, and supply chain management. "Scissortail Building Supply is the latest HomeSphere partner to offer both materials purchasing and construction planning services,” said HomeSphere President and CEO Greg Schwarzer. “Multifamily developers will benefit from leveraging Scissortail as a partner in profitability. HomeSphere is also continually focused on helping multifamily builders complete projects more efficiently and meet the growing needs of the housing market.” Scissortail is an industry-leading building material product supplier for multifamily and commercial projects across U.S. markets. Because Scissortail offers planning and procurement consulting along with its extensive line of products, HomeSphere builders will save valuable time and cost on multifamily projects. "Scissortail provides rebates on a wide range of product lines, allowing each builder to select materials that best meet their requirements," stated Scissortail Vice President Kory Klein. "Thanks to our strong partnerships with our customers, mills, and manufacturers, we offer highly competitive costs for high-quality materials. We look forward to creating value and building partnerships with HomeSphere’s builders." About HomeSphere Established in 1999, HomeSphere connects local and regional homebuilders to exclusive rebate offerings. HomeSphere’s builder network constructs and closes more than 250,000 new homes and units per year, making it the largest homebuilding group in the country by volume. Using HomeSphere-HQ, HomeSphere’s award-winning rebate management platform, builders capture incentives on completed homes, discover new products for their future projects, and develop key relationships with the 80-plus manufacturers in HomeSphere’s preferred partner network. For more information about HomeSphere’s products and solutions for homebuilders and manufacturers, visit www.homesphere.com. About Scissortail Building Supply Founded in 2017, Scissortail Building Supply is an industry-leading supplier of building materials for multifamily and commercial projects nationwide. With over 100 years of combined experience, Scissortail’s team also offers services such as complete plan takeoffs, pre-construction consulting, product knowledge and best practices training, and more. Scissortail’s swift growth trajectory can be attributed to developing relational partnerships with both clients and mills/manufacturers and offering the most extensive line services in the industry. For more information, please visit https://scissortail.supply/. Contact Details Tracy Henderson +1 720-989-3530 tracy@centerreachcommunication.com Scissortail Building Supply Kory Klein kory@scissortail.supply Company Website https://www.homesphere.com/

September 26, 2024 08:00 AM Eastern Daylight Time

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Join Benchmark International's Exclusive Webinar "Seller Motivation: What Goes Into the Decision to Sell?"

Benchmark International

Are you considering selling your business? Deciding when and why to sell is one of the most significant decisions you’ll ever make as a business owner. While maximizing financial proceeds is often at the forefront of these decisions, it’s essential to recognize that it’s not the only factor. Life circumstances, time with family, and other qualitative considerations can often outweigh financial gain. To help you navigate this complex process, we invite you to join our upcoming webinar: Seller Motivation: What Goes Into The Decision To Sell? Space is filling up fast, so register today! Why You Should Register Selling a business is about more than just crunching the numbers. In this exclusive webinar, you’ll gain valuable insights into the full spectrum of motivations that drive business owners to sell. Understanding these motivations can help you make a well-rounded and informed decision about your business’s future. This webinar is a must-attend for business owners contemplating the sale of their business, particularly in today’s strong but disciplined market. By attending, you’ll be better equipped to evaluate both the financial and personal factors that play a crucial role in this life-changing decision. Whether you’re focused on securing a comfortable financial future or prioritizing time with loved ones, the information presented will help you weigh these considerations effectively. Spots are limited, so don’t miss this opportunity to secure your spot. What You’ll Learn This webinar offers actionable insights into the decision-making process for business owners. Here’s what you can expect to learn: The wide range of reasons why business owners choose to sell, beyond just financial incentives How personal life events, such as family needs and future aspirations, can influence your decision A look at the current M&A market and how buyers are approaching valuations How to balance personal and financial goals using the concept of indifference curves, which help weigh non-monetary values like time with family against financial returns By attending, you’ll gain the tools to make a decision that aligns with your long-term vision—both personally and financially. Spots Are Filling Fast – Register Now! If you’re ready to gain clarity on your motivations for selling and align your decision with both your personal and financial goals, this is the webinar for you. Don’t miss out—register now and take the first step toward making a well-informed, strategic decision about the future of your business. 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/

September 16, 2024 09:54 AM Eastern Daylight Time

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Flash Transforms Parking at Denver International Airport

Flash

Flash, the leading end-to-end parking technology platform, announced today it has completed an overhaul of public and employee parking at Denver International Airport (DEN) through a contract the City and County of Denver awarded in August 2024. In just 22 days, Flash deployed its platform across the airport’s nine public and employee parking garages and lots, bringing a state-of-the-art parking experience to DEN’s 40,000 employees and the 77.8 million passengers they serve annually. "Flash’s commitment to DEN has been tremendous and we look forward to a bright future that provides innovative solutions to improve the customer experience," said Mark Nagel, Senior Vice President of Parking and Commercial Transportation, Denver International Airport. In its first few weeks of deployment, DEN reports improved traffic flow and reduced wait times for vehicles entering and exiting the airport’s parking facilities. DEN’s deployment of Flash’s platform spans 144 lanes and features 137 kiosks, 97 license plate recognition (LPR) lanes, and 49 automatic vehicle identification (AVI) lanes. With the new AVI lanes, employees can enter and exit automatically in seconds via vehicle-mounted passes that require no interaction with their phones or kiosks. “DEN is the sixth busiest airport in the world and sees millions of parking transactions each year, requiring the highest service level,” said Flash CEO Dan Sharplin. “Our technology breadth and industry-leading scale, plus our maniacal focus on the driver experience, made us confident we could support DEN’s traffic volumes and service levels while getting passengers and employees through parking transactions quickly, and it’s hugely gratifying to see it live.” DEN also benefits from the Flash platform’s design as an enhanced cloud-based parking solution. In the event of an internet, payment processor, network or cloud disruption, the platform maintains continuous operations and critical payment processing capabilities so the airport’s parking facilities stay up and running. 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. 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/

September 12, 2024 09:00 AM Central Daylight Time

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With The Effective End Of The 6% Real Estate Commission Standard, reAlpha’s AI-Powered Homebuying Platform Hopes To Shake Up The Industry

Benzinga

By Meg Flippin, Benzinga The 6% commission standard on real estate deals is expected to be no more, potentially lowering the cost of owning a home. The change is part of a $418 million class-action lawsuit settlement against the National Association of Realtors (NAR), which was accused of inflating the fees paid to real estate agents. Thanks to the settlement, the commission is up for negotiation, which some estimate could result in a 25% to 50% decrease in commission fees that just last year cost Americans $100 billion. This change to the real estate market could also help pave the way for companies providing buyers with tools to streamline the homebuying process, such as reAlpha Tech Corp. (NASDAQ: AIRE). The Dublin, Ohio real estate technology company says it is experiencing strong growth thanks to the launch of its artificial intelligence (AI)-powered, commission-free home buying platform. Buying A Home Can Be Much Easier reAlpha’s AI platform guides users through every stage of the homebuying process and is currently available in 20 Florida counties, with plans for expansion. The platform leverages AI to help customers find homes, make an offer, get a mortgage and close the deal. With reAlpha, users pay zero buy-side commissions, and the company plans to make money by collecting closing costs of 1.2% to 2.47% via mortgage brokering, title and search and home insurance services. reAlpha’s launch comes as the AI market is taking off, forecast to grow to $1.8 trillion by 2030. Advances in machine learning and automation are enabling tech-focused companies to develop AI models that are disrupting many industries. Real estate could also use some innovation, and reAlpha is attempting to capitalize on that, hoping to disrupt the way Robinhood Markets Inc. (NASDAQ: HOOD) did with online investing or Expedia Group Inc. (NASDAQ: EXPE) did for travel. Growing Revenue For Q2 this year, reAlpha reported quarter-over-quarter revenue that rose 205%. The company also closed its buy of Naamche, Inc., a Nepal-based AI technology firm. This acquisition bolstered reAlpha's AI capabilities by adding 42 engineers, developers, analysts and UI/UX designers to its team, increasing the company’s full-time employee count from 15 to 57. reAlpha said the acquisition marks the beginning of the company’s acquisition-led growth strategy, which it said aims to revolutionize the real estate industry through cutting-edge technology. More To Come "We believe that the completion of the Naamche acquisition marked the second quarter of 2024 as the beginning of the ramp-up of our acquisition-led growth strategy," said Giri Devanur, CEO of reAlpha. "We are continuously looking for strategic acquisition opportunities that will advance our mission of bringing innovative technologies to the real estate industry. Naamche's acquisition is one of the early steps in this process." Other acquisitions include AiChat, a Singapore-based company that develops AI-powered conversational customer experience solutions and Hyperfast Title LLC., a title company that’s licensed to operate in Florida, Virginia and Tennessee. With it, reAlpha can offer title services through its platform. Now, reAlpha has added another key piece to its portfolio with the acquisition of Be My Neighbor, a mortgage broker licensed in 26 U.S. states. The company says this acquisition strengthens reAlpha’s AI-powered homebuying platform by incorporating mortgage lending and refinancing services, allowing for a more integrated and seamless customer experience. Be My Neighbor, founded by veterans, will continue to operate under its own brand while leveraging reAlpha's generative AI capabilities. This move is part of reAlpha's broader strategy to vertically integrate the homebuying process, which it says should enhance its commission-free platform and unlock new revenue streams. Looking toward the third quarter, reAlpha is forecasting quarter-over-quarter revenue growth of 140% to 170% in Q3, driven by the integration of its newly acquired companies, AiChat and Hyperfast Title. reAlpha said these acquisitions are expected to enhance its service offerings and contribute significantly to its overall revenue. Taking A Page From Constellation Software reAlpha is only just getting started. The company says it is on the hunt for even more acquisitions as it grows, taking a page from Constellation Software (TSX: CSU ), a Canadian software and services company that has a reputation for acquiring hundreds of software businesses. reAlpha says it hopes to position itself as a trailblazer in the real estate technology sector by strategically acquiring accretive real estate service and technology companies centered around its core platform. “We intend to capitalize on a significant industry shakeup created by the NAR lawsuit. We developed and launched the reAlpha platform after the settlement was announced on March 15, 2024. We are focused on continually improving the product and acquiring additional real estate service companies to unlock more potential sources of revenue,” said Devanur. “We look forward to sharing our growth and developments in the coming quarters, especially after the effects of the NAR settlement take effect on August 17, 2024,” he said. New CFO reAlpha recently announced the appointment of Brent Miller as their new Chief Financial Officer (CFO). Miller, who officially took on the role on Aug. 19, 2024, will be responsible for all financial and accounting operations at reAlpha, reporting directly to the company's president and Chief Operating Officer, Mike Logozzo. Notably, Miller brings valuable experience from his previous role as CFO and treasurer at KKR Real Estate Finance Trust Inc., a commercial mortgage real estate investment trust. During his time there, Miller played a key role in shaping the REIT’s financial strategy, including capital raising and financial reporting. His background with KKR underscores his expertise and makes his appointment at reAlpha a significant development for the company. Featured photo courtesy of reAlpha Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

September 12, 2024 08:25 AM Eastern Daylight Time

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CollisionRight Reaches 100 Collision Repair Shops

CollisionRight

CollisionRight LLC, a leading regional multi-shop collision repair operator, today announced the acquisition of its 100th shop. The milestone was reached within four years of the company’s founding, culminating in the rapid implementation of its initial market-entry campaign and setting the stage for an equally aggressive growth strategy that aims to increase CollisionRight’s footprint threefold over a five-year span. CollisionRight has reached its 100th-location milestone through the three-shop acquisition of Tripp’s Collision in Michigan. As with each of CollisionRight’s 41 acquisitions to date, Tripp’s will continue to do business under its market-leading local brand while benefiting from the support and efficiency of a unified, large-scale organization. All of CollisionRight’s locations are corporate-owned and run under a common operating system of management, technology, back-office support, and partnerships with insurance carriers and vendors. “Acquiring our 100th store in just a few years is a testament to the hard work and dedication of our remarkable team. It underscores the value that embracing the history of established and trusted collision repair brands can bring,” said Rich Harrison, CEO of CollisionRight. “Driven by our mission to provide exceptional customer service and create the best possible place to work, our team will continue to pursue rapid growth into the coming years.” Having reached the 100-shop milestone, CollisionRight intends to both increase its presence within the 10 states it currently serves and expand its footprint into numerous additional markets. Through strategic acquisitions of local market leaders like Tripp’s—as well as organic growth via insurance-carrier relationships, supply chain optimization, and calibration services—CollisionRight expects to triple its revenue within the next five years. About CollisionRight Headquartered in Columbus, Ohio, CollisionRight provides state-of-the-art collision repair services at 100 corporate-owned locations across 10 states: Illinois, Indiana, Kentucky, Maryland, Michigan, Ohio, Pennsylvania, Tennessee, West Virginia, and Wisconsin. Their team of more than 1,500 collision repair professionals puts more than 90,000 vehicles back on the road each year with a single priority in mind: Getting you back to GO. Every location operates under an established brand that has earned the trust of its local community through decades of prioritizing complete customer satisfaction and convenience. For more information about CollisionRight, or to contact your neighborhood collision repair shop, please visit www.CollisionRight.com. Note to the editor: the company logo, a high-resolution headshot of Rich Harrison, and a copy of the map illustrating CollisionRight’s geographical presence can be found at this link. Contact Details Razor Sharp PR Ray Young +1 512-694-6097 ray@razorsharppr.com Company Website http://www.collisionright.com/

September 11, 2024 10:00 AM Eastern Daylight Time

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National Land Realty Finds Acreage Prices Remain Stable Through First Semester

National Land Realty

National Land Realty (NLR), the nation's fastest-growing land brokerage firm specializing in farm, ranch, country estates, timber, recreational, and commercial development properties, has released its latest data on land sales across the United States. The report draws from NLR’s network of over 400 agents and brokers in 48 states to provide a year-to-date analysis of Q1 and Q2 agricultural land sales for 2024. It demonstrates stability in the national aggregate for average price per acre (PPA), while highlighting notable trends within outliers like Louisiana, Florida, and California. National Aggregate The data from NLR’s latest report showed that the average price per acre across the country remained relatively stable, having increased by only about 5% nationally. This comes in the wake of significant farmland appreciation over the past few years, with many parts of the country seeing record prices for farmland in 2023. “Land prices have remained high in spite of increased input costs and interest rates, indicating significant demand across the country for irrigated and available farmland. This is largely due to massive consumer demand for produce, meat, dairy, and feed,” said Ronnie Richardson, CEO at NLR. “While further increases are unlikely for the moment, I believe these values will remain strong for the foreseeable future—barring extensive drought, natural disasters, or an industry-shaking event akin to the COVID-19 pandemic.” Louisiana According to NLR, the data found that the average price per acre in Louisiana decreased by $10,866, primarily due to some of the larger landowners beginning to divest themselves of some farmland holdings. “Louisiana is largely farmland, where land values are influenced by the same forces as elsewhere: supply and demand. Price adjustments occur when production costs rise and commodity prices fall,” said Richardson. “Even with a slight decrease in price per acre, purchasing land remains attractive as divestments create opportunities for buyers to capitalize on economies of scale.” California Data revealed that California's average price per acre dropped by $12,226 over the past year—a significant 27% decline. This decrease is likely driven by a combination of high interest rates and low commodity prices for popular crops like almonds and walnuts. Since prices are relatively high in California overall, percentage-based factors like tax or interest-rate hikes hit the California market harder than they do other states. “Reports of an exodus from California real estate have little implications for the agricultural market, which remains generally unaffected by geopolitics. Taxes and interest rates are far more likely to influence the market,” said Richardson. “We do have a couple of large institutional investors looking to exit the California farmland market, but there are no buyers thus far. They may need to adjust their prices to match demand if they are serious about liquidating. With the average price per acre already down, I'd recommend watching the market closely and holding off on purchases for now." Florida In Florida, the average price per acre surged by $24,000 from 2023 to 2024, reflecting a remarkable 118% increase. This significant rise is driven primarily by the soaring demand for land in the state over the past year. Florida remains one of the top destinations for people moving to different states in the US, meaning this demand for available land in Florida isn’t likely to change anytime soon. “It's the same issue here: supply and demand,” said Richardson. “Even though the price per acre is up, I would still recommend buying land in Florida as demand continues to rise. I would focus on transitional properties in particular as more people continue to move into the state. The key to Florida is simple: demand is driving everything." Annex About National Land Realty National Land Realty (NLR) is the nation’s fastest growing real estate land brokerage company specializing in farm, ranch, country estates, timber, recreational, and commercial development properties. Highly regarded for its proprietary land touring technology, Land Tour 360 ®, as well as its GIS land mapping system, LandBase™, which catalogs land data in extremely detailed ways, the company makes it easy to view and zero in on the right property in the right place. Founded in Greenville, S.C. in 2007, NLR has more than 80 offices in 40 states. To learn more visit www.nationalland.com or call (855) 384-5263. Methodological Note The data in the report was derived from a compilation of land sales data provided by National Land Realty’s network of agents across the United States. The report compares 2023 sales data to sales data from the first half of 2024. For the first half of 2024, the data is based on 6,963 land transactions. Note to the editors A table with data for all states where National Land operates is available in the annex. A headshot of Ronnie Richardson, the company logo, and a map illustrating the states where land values are appreciating or depreciating the most can be accessed via this link. Contact Details Razor Sharp PR Jo Detavernier +1 210-803-2097 jo@razorsharppr.com Company Website https://nationalland.com/

September 10, 2024 09:30 AM Central Daylight Time

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