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Tribe Property Technologies round out management team announcing Angelo Bartolini as CFO

Tribe Property Technologies Inc.

Tribe Property Technologies CEO Joseph Nakhla and new company chief financial officer Angelo Bartolini joined Steve Darling from Proactive to provide some key updates on the company. Bartolini, with over 12 years of experience in a public company setting, has taken on the role of CFO at Tribe Property Technologies. His most recent position was as CFO of Altus Group, where he played a crucial role in driving transformative growth for the company. In his new role at Tribe, Bartolini will leverage his expertise in capital management, equity and debt financing, and performance management including budgeting and forecasting, financial risk management, and M&A execution and integration. Bartolini shared his perspective on why he chose to join Tribe and how he plans to leverage his experience to contribute to the company's progress. Additionally, Joseph Nakhla announced that Tribe Property Technologies has signed a definitive loan agreement with the Technology and Innovation Banking arm of a Canadian bank, securing up to $15 million. This facility comprises a $3 million operating line to support the company's working capital requirements and an M&A facility of $7 million, with an additional $5 million allocated for future use. This financing agreement reflects the company's strategic approach to financial management and its commitment to supporting its growth initiatives. In summary, Tribe Property Technologies has strengthened its leadership team with the appointment of Angelo Bartolini as CFO, adding significant financial expertise to the company. The financing agreement further positions Tribe for growth and expansion as it continues to provide innovative solutions in the property management sector. Contact Details Proactive Investors Canada +1 604-688-8158

October 13, 2023 02:20 PM Eastern Daylight Time

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Sirius Real Estate posts rent roll increase despite headwinds

Sirius Real Estate Limited

Proactive Research Analyst Manos Halicioglu speaks to Thomas Warner after publishing his latest research note on owner and operator of branded business and industrial parks Sirius Real Estate. Halicioglu explains that Sirius reported a notable 7.7% half-year uplift in the six months to 30 September, meeting management's expectations despite economic challenges in their primary UK and German markets. In Germany, Sirius showcased its stability with its strong asset management, while in the UK, rent roll exceeded £50 million for the first time. Additionally, Sirius advanced its asset recycling programme, selling its castle business park for a 5% premium and acquiring two UK industrial assets. These strategic decisions highlight Sirius's ability to adeptly navigate economic uncertainties, promising investors a projected 100% ROI over five years. Sirius is set to announce its first half results on 20th November, with the market keenly awaiting further indications of the company's growth trajectory. For the full report, visit: Contact Details Proactive UK Ltd +44 20 7989 0813

October 10, 2023 09:08 AM Eastern Daylight Time

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NMTC Coalition, 700 Organizations Urge White House, Congressional Leadership to Make NMTC Program Permanent

New Markets Tax Credit Coalition

Today, the New Markets Tax Credit (NMTC) Coalition, a national membership organization of Community Development Entities (CDEs) and investors organized to advocate on behalf of the NMTC, released a letter signed by nearly 700 community development stakeholders to President Biden and Members of Congress in support of enactment of a permanent extension to the NMTC in end of the year tax legislation. Despite its efficacy and importance for businesses and community development projects, the NMTC program expires in 2025. Signatories on the letter include 275 community development organizations; 76 housing organizations; 140 nonprofits, shelters, schools, healthcare facilities, and community service providers; 166 businesses and community development-focused investors; and 31 state and national community development trade associations. “We strongly support making the NMTC permanent,” said Aisha Benson, President of the NMTC Coalition and President and CEO of Nonprofit Finance Fund. “We’ve seen the enormous impact NMTCs can have in strengthening communities across the country, as well as in our own work in Arkansas and Ohio. We are committed to ensuring no community is left behind and preserving one of the federal government’s most successful community development programs.” During this Congress, both the Senate and House introduced bills (S. 234 and H.R. 2539) with bipartisan support to make the NMTC extension permanent. Establishing permanence will provide certainty in delivering resources to low-income and marginalized communities, creating jobs, increasing economic opportunity, and improving lives at a time when underserved communities face significant challenges. Throughout its 20-year history, the NMTC has delivered more than $125 billion to rural and urban communities outside the economic mainstream, which has led to financing to more than 8,000 businesses and projects and over one million jobs. Establishing the NMTC as a permanent part of the tax code will provide certainty and further promote getting patient, flexible capital to low-income and marginalized communities, creating jobs, increasing economic opportunity, and improving lives at a time when the economic frailty of our underserved communities has never been more apparent. Established in 2000 in the Community Renewal Tax Relief Act (P.L.106-554), the New Markets Tax Credit is a bipartisan effort to stimulate investment and economic growth in low-income urban neighborhoods and rural communities. “With the continuing impacts from COVID-19, and the general economic uncertainty felt across the country, the New Markets Tax Credit is absolutely vital for many of America’s urban neighborhoods and rural communities and will provide billions of dollars for high-impact, community revitalization projects,” said Bob Rapoza, spokesperson for the NMTC Coalition. “Over the years, the credit has been instrumental in financing plant and equipment for small manufacturing businesses and patient, flexible capital to other small businesses, hospitals, healthcare centers, homeless shelters and other transformative projects that improve communities, create jobs and economic opportunity. A permanent extension of NMTC will provide more certainty to private sector investors, which will result in better pricing and more subsidy to hard-to-finance, essential projects.” For examples of how the NMTC is making an impact in each state, see the NMTC Coalition’s website, where you can find over 2,500 NMTC success stories organized by state and congressional district. About New Markets Tax Credit Program -- The New Markets Tax Credit (NMTC) was enacted in 2000 to stimulate private investment and economic growth in low-income urban neighborhoods and rural communities lacking the patient capital to support and grow businesses, create jobs, and sustain healthy local economies. Since its inception, the NMTC has generated more than one million jobs. Today due to NMTC, more than $120 billion is hard at work in underserved communities in all 50 states, the District of Columbia, Guam and Puerto Rico. For examples of how the NMTC impacts each state, see the NMTC Coalition’s project database and state fact sheets. For more information, visit Contact Details Greg Wilson +1 571-239-7474 Company Website

October 04, 2023 12:27 PM Eastern Daylight Time

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KDW Expands its Presence in Central Texas with Grand Opening of Austin Office

Center Reach Communications

Kingham Dalton Wilson, Ltd. ( KDW ), a renowned leader in the construction industry specializing in design-build industrial and commercial construction, is expanding its footprint in Central Texas. The opening of its new office in Austin represents an exciting milestone in the strategic growth of the company whose history dates back to 1895. KDW’s expansion caters to the growing demand for quality construction services in Central Texas, an area known for its thriving economy and growing commercial and industrial base. KDW Principal and fifth-generation builder Luke Kingham, who relocated from the firm’s Houston headquarters to Austin, is steering the operations. “We designed and built our first project in Central Texas over ten years ago and have been privileged to participate in the growth of Central Texas ever since,” said Kingham. “An Austin office is the next chapter in KDW’s enduring legacy, giving our team a hub to immerse themselves in every aspect of the design-build process to best serve our Central Texas clients. We look forward to firmly standing by our current client partners while meeting the area’s growing demand for innovative design-build solutions.” With over 128 years of combined experience and a track record of 2,000+ successful projects, KDW has an established reputation for providing the highest quality construction services with a dedicated team of professionals who prioritize customer satisfaction, delivering projects within scope, budget and on time. “Clients are looking for a strategic partner that finds customized solutions to meet their needs in less time,” said KDW CEO Keith Dalton. “That’s where KDW’s design-build expertise comes in — we manage complex, customized construction projects from start to finish and build facilities that are highly optimized to support our clients’ growth and expansion strategies.” In the past 24 months, the firm has completed 10 new design-build and renovation projects in Central Texas, with notable projects underway, including Balcones Resources’ $60M material recovery facility (MRF) in San Antonio. Additionally, calling on its experience with food and beverage manufacturers such as Goya Foods, KDW is building California-based Sovereign Flavors’ new headquarters in Kyle, TX featuring a state-of-the-art R&D and production facility, as well as an approximately 160,000-square-foot snack distribution facility for local developer HPI Real Estate Services & Investments. The projects all broke ground this year, with completion set in 2024. Kingham and his team expect the future to include ground-up construction projects that can benefit from KDW’s single-source integrated delivery model and tenant improvement services that optimize growth and expansion. The new office is at 3508 Far West Blvd., Suite 300, Austin, TX 78731. Kingham Dalton Wilson, Ltd. (KDW) is a full-service design-build firm specializing in customized industrial and commercial construction. With a team of more than 100 in-house designers, architects and multidisciplinary building professionals, the company is a single-source, one-contract solution for global and domestic companies, designing and building facilities that meet complex client specifications, often in niche industries such as cold storage, food and beverage production, manufacturing, and oil and gas. For more information, visit Contact Details Center Reach Communications Jessica Poulalier +1 720-989-3530 Company Website

October 04, 2023 09:00 AM Central Daylight Time

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U.S. Waterproofing Expands Geographic Footprint in the Midwest via Partnership With Foundation Solutions 360

Rotunda Capital Partners LLC

U.S. Waterproofing, a Rotunda Capital Partners portfolio company, has acquired Foundation Solutions 360 (“FS360”), one of the Midwest’s premier providers of residential foundation repair, basement waterproofing and crawl space encapsulation services. The acquisition of FS360 marks the second acquisition completed by U.S. Waterproofing since partnering with Rotunda in November 2022. Headquartered in Fraser, Michigan, FS360 further solidifies U.S. Waterproofing’s dominant market position in the Midwest, expanding service capabilities into Michigan. Through years of providing quality foundation repair and waterproofing solutions, FS360 has organically grown its service area and will continue to pursue new markets and offer incremental services in partnership with U.S. Waterproofing. The acquisition by U.S. Waterproofing will also enable FS360 to expand its residential waterproofing and foundation repair offerings to better serve its customers. U.S. Waterproofing’s best-in-class marketing, sales training and installation expertise will further strengthen FS360's value-proposition and service capabilities, including expansion into gutter services. Collectively, the U.S. Waterproofing platform will pursue additional complementary acquisitions throughout the U.S. FS360 was founded by Joe Marth, who will be overseeing operations in his continuing role with the organization. “We are excited to partner with Joe and the entire FS360 team,” said U.S. Waterproofing CEO Matt Stock. “Our shared cultural values and strategic vision will allow us to further penetrate the Midwest market as the preeminent waterproofing and foundation repair company. We are excited to leverage U.S. Waterproofing’s substantial infrastructure and marketing expertise to accelerate the growth that has made FS360 so successful. The acquisition of FS360 further demonstrates our ability to scale nationally while providing best-in-class solutions for our customers.” “Our similar cultures, vision, and relentless focus on customer service make this partnership so exciting. We are thrilled to join the U.S. Waterproofing team and be the market leader in our collective territories,” said Joe Marth of FS360. “The entire FS360 team looks forward to collaborating with U.S. Waterproofing to build one of the largest residential services platforms in the U.S.” About U.S. Waterproofing Founded in 1957, U.S. Waterproofing is a leading provider of basement waterproofing and foundation repair services, improving the value, health, and longevity of homes. The Company has helped more than 500,000 customers enjoy a dry and stable foundation throughout Illinois, Wisconsin, Indiana, Maryland, North Carolina, South Carolina, Tennessee, Virginia, and Washington, D.C. Fueled by their market leading reputation, U.S. Waterproofing’s services include crawl space encapsulation, concrete raising, sump pump installation, window well solutions, gutter services and humidity control. U.S. Waterproofing is A+ rated by the Better Business Bureau. For more information, visit U.S. Waterproofing is seeking to acquire other basement waterproofing and foundation repair service providers and is interested in acquisition opportunities presented by business owners, management, or M&A intermediaries. Please contact Margaux Georgiadis,, Head of Business Development at Rotunda Capital Partners for more information. About FS360 Headquartered in Fraser, MI, FS360 is a leading residential foundation repair, basement waterproofing and crawl space encapsulation services company. FS360 wins on high-quality customer service and a comprehensive service offering. For more information, visit About Rotunda Capital Partners Rotunda Capital Partners is an operationally oriented private equity firm focused on transforming family-founder owned companies into dynamic, data-driven platforms able to achieve and manage significant growth. Since its founding in 2009, Rotunda has partnered with management teams to build great businesses within three primary sectors: value-added distribution, asset-light logistics and industrial, residential & business services. Rotunda strives to achieve replicable results by implementing its Rotunda Performance System to create strategic alignment, develop lean processes and create robust, data-driven infrastructures. For more information, visit Contact Details Rotunda Capital Partners Jill Lafferty +1 847-280-1295 Company Website

October 03, 2023 07:49 AM Eastern Daylight Time

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Gutterglove® Achieves Milestone by Guarding Over One Million Homes


Gutterglove, a leading manufacturer of the Nation’s Most Trusted Gutter Guards®, is proud to announce that it has surpassed the milestone of protecting more than one million homes. This achievement comes after nearly two decades of dedicated effort in the industry. Since producing its first gutter guard in 2003, the unwavering commitment of Gutterglove to guard what matters most and safeguard one of homeowners' most prized assets — their homes — has played a critical role in this accomplishment. Gutterglove firmly believes that the customer's experience is just as crucial as the quality of its products. As indicated by a 2021 gutter guard industry report conducted by the Freedonia Group, a division of, the demand for gutter guards is projected to experience a steady annual revenue increase in the coming years. "I am so proud of all the great work that our team members have done over the years to listen carefully to what matters most to our customers,” says Matt Smith, CEO of Gutterglove. “We use this feedback to keep the spirit of innovation alive and well at Gutterglove, 20 years after we first went to market with a gutter guard. We are so grateful that over one million homeowners have chosen to protect their homes with Gutterglove technology. We couldn’t have done this without the support of all the suppliers, distributors, contractors, and homeowners that we serve.” With a relentless commitment to excellence, unwavering integrity, and a spirit of generosity, Gutterglove remains firmly dedicated to its mission to protect every gutter on every home and to innovate continually within the home improvement sector. Gutterglove is an innovation company focused on products, programs, and technology for the home improvement space. They manufacture gutter guards and accessories designed to protect any home, regardless of roof type or gutter size, with both do-it-yourself and professionally installed product options. Their innovation extends beyond products and into new programs and technology that deliver seamless support to customers and contractors across North America. Starting in 1996 as a gutter cleaning business, the team at Gutterglove noticed gutter guards weren't performing as promised. Gutterglove explored new designs, the best materials, and customers' needs to create an extensive patented portfolio of the highest quality gutter guards available. Gutterglove is proud to offer the Nation's Most Trusted Gutter Guards®. For more information, please visit our website Contact Details Madison Baber +1 210-213-2426 Company Website

September 27, 2023 01:43 PM Eastern Daylight Time

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News Media Group, Inc.

Contact Details Karl Wayne +1 334-440-6397 Company Website

September 22, 2023 06:00 AM Eastern Daylight Time

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Atrato Capital expects more growth to come from UK grocery sector

Supermarket Income REIT PLC

Atrato Capital managing director Robert Abraham and finance director Haffiz Kala speak to Thomas Warner from Proactive London about the latest results from the Supermarket Income REIT PLC (LSE:SUPR, OTC:SUPIF), for which Atrato serves as an investment advisor. Kala gives an overview of how the REIT performed during the year to 30 June 2023, highlighting the sale of its stake in Sainsbury's Reversion Portfolio, higher revenues and a higher dividend target. Abraham explains that the disposal of £430 million in assets at a 4.3% net initial yield was balanced by strategic investments in 11 high-performing omni-channel stores at a 5.5% net initial yield. He also talks about the wider sector, noting grocery sector growth of around 11% over the period, with more growth expected. Kala concludes by saying that despite economic challenges, the Supermarket Income REIT remains robust with low leverage, fixed debt costs, and strong tenant partnerships, making it an attractive investment prospect. Contact Details Proactive UK Ltd +44 20 7989 0813

September 20, 2023 09:24 AM Eastern Daylight Time

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Janover looking to build off key milestones in 2023 including its debut on the Nasdaq

Janover Inc.

Janover CEO Blake Janover joined Steve Darling from Proactive to share a comprehensive update on the company's remarkable year, marked by significant milestones and transformative initiatives. Janover operates as a B2B fintech marketplace, facilitating connections between commercial property borrowers and lenders. The company's mission is to reshape the commercial real estate lending landscape, making it exceptionally efficient, transparent, and accessible through its innovative online platform, which links commercial mortgage borrowers seeking capital for refinancing, construction, or property acquisition. One standout accomplishment during this dynamic year was Janover's successful initial public offering on the Nasdaq Stock Market, where it raised an impressive sum exceeding $5 million. This achievement not only reflects their financial strength but also signals their readiness to facilitate larger and more substantial transactions in the future. In addition to the IPO triumph, Janover proudly introduced Bruce S. Rosenbloom as its new chief financial officer. Rosenbloom brings an impressive track record of nearly 27 years in accounting and corporate finance, gained through his extensive work with both public and private companies. His most recent role was serving as the CFO and treasurer of PetMed Express, Inc. Contact Details Proactive Investors +1 604-688-8158

September 14, 2023 01:28 PM Eastern Daylight Time

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