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Ballast Rock Announces Launch of Sunbelt Multifamily Fund III

Ballast Rock

Ballast Rock, the diversified investment management firm, today announced it has launched Sunbelt Multifamily Fund III LP (“SB3”), the third private equity real estate fund in its Sunbelt series. Ballast Rock is targeting a raise of $100 million for the fund, which, like the previous Sunbelt Funds, will focus on acquiring and renovating a diversified portfolio of workforce multifamily properties in the U.S. Southeast. Ballast Rock has identified and is performing due diligence on a value-add property that would represent the first acquisition for the new fund. “The broader real estate market has experienced tremendous uncertainty, given the rise in interest rates and disruptions in the credit markets. The team have patiently been assessing the long-term impacts of these changes on our target markets and are excited to have found a potential first investment for SB3” said Thomas Carroll, Founder and Chief Executive Officer of Ballast Rock. “We have remained constructive on our core focus, which is workforce multifamily value-add, specifically in the Southeast.” “Our team has diligently been underwriting deals since our last acquisition in early 2023 and has looked at close to 400 assets in that time,” said Ian Garcia, Chief Operating Officer and Portfolio Manager for the Sunbelt Funds. “We are extremely conservative on our underwriting and will only ever consider investing in a deal if we have a high degree of confidence that it is going to clear our stringent investment objectives.” Prior Sunbelt Funds Ballast Rock launched Sunbelt Multifamily Fund I (“SB1”) in 2019 and between February 2019 and January 2021 acquired nine properties totaling 1,110 apartment units for $63,630,000. SB1 began dispositions in early 2022, generating gross proceeds of $60,450,000 from the first four properties sold. The 593 apartment units involved were acquired at an average cost of $53,583 per unit and sold at an average cost of $101,939 per unit. Ballast Rock anticipates exiting the remaining five assets in SB1 opportunistically over the next 12 to 18 months. Sunbelt Multifamily Fund II (“SB2”), launched in 2021 and between February 2021 and January 2023 acquired nine properties totaling $101,408,000, with 1,039 apartment units. In April of 2023 Ballast Rock launched Ballast Rock Capital, its broker-dealer. Ballast Rock Capital is a member of the Financial Regulatory Authority (FINRA) and the Securities Investor Protection Corporation (SIPC) and is registered with the Securities and Exchange Commission (SEC). About Ballast Rock Group Ballast Rock Group is an integrated investment management company specializing in delivering risk-adjusted returns, accurate, and timely advice, high quality frequent reporting, and direct access to management. Ballast Rock Group operates Ballast Rock Asset Management, Ballast Rock Private Wealth, and Ballast Rock Capital. Ballast Rock Asset Management comprises Ballast Rock Real Estate, which includes the firm’s Sunbelt multifamily real estate funds, and Ballast Rock Ventures, comprising venture capital and private equity teams. Ballast Rock Private Wealth is a registered investment advisor, with a focus on alternative strategies. Ballast Rock Capital is awaiting approval to become a FINRA-registered broker-dealer. Ballast Rock is committed to being a driver of positive change. The diversity of our team members brings valuable new perspectives to our industry for the benefit of our stakeholders and the broader community. Investment Disclosure The information contained in this press release has been prepared by Ballast Rock Holdings LLC (“Ballast Rock”) without reference to any particular reader’s investment requirements or financial situation. Potential investors are encouraged to consult with professional tax, legal, and financial advisors before making any investment into a private offering of securities. An investment in private securities would be speculative and would involve a high degree of risk. Investors must be prepared to bear the economic risk of such an investment for an indefinite period of time and be able to withstand a total loss of their investment. Please carefully consider the investment objectives, risks, transaction costs, and other expenses related to an investment prior to deciding to invest. Ballast Rock Capital LLC (“BRC”), MEMBER: FINRA / SIPC. BRC’s registered head office is 460 King Street, Suite 200, Charleston, SC, 29403. Tel: 800-204-2513. To check background information about BRC and its representatives, visit FINRA’s BrokerCheck. Please see important disclosure information in our Form CRS. Contact Details For Ballast Rock press@ballastrock.com Company Website https://www.ballastrock.com/

May 07, 2024 12:00 PM Eastern Daylight Time

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5thScape to list its first game “MMA Cage Conquest” on Meta Store: Ultimate Virtual MMA Experience

Spark Metro PR

Mixed Martial Arts fans and enthusiasts, your virtual fighting dreams have arrived! 5th Scape delivers a transformative experience with "MMA Cage Conquest," stepping far beyond traditional fighting games into true sensory immersion. Step into the iconic MMA cage, feel the roar of the crowd and become the champion you always envisioned. The 5thScape Project is an ambitious venture that aims to create a comprehensive Virtual Reality ecosystem. In this VR ecosystem many developers, gamers and experts from various industries can collaborate. This is a VR gaming studio startup in which they focus on developing games, movies, animations etc. Apart from this, they are also planning to launch a special VR headset and a VR Chair which is an ergonomically perfect chair for long gaming sessions. Now, coming back to the game, - "MMA Cage Conquest" redefines virtual combat. Its skill-based system demands true martial arts strategy along with honed reflexes. Learn and master strikes like a real-life wrestling professional. It includes (not limited to) powerful grappling throws and the intricacies of ground control to secure your victories. Feel the impact of every blow, the thrill of a perfectly executed submission, and the tension of a match fought on the razor's edge. Training lies at the heart of "MMA Cage Conquest." This journey transcends button-mashing and enters the realm of personal development. Start as an eager underdog, mastering the fundamentals through rigorous simulations. Refine your striking, defense, and ground game, tracking your progression and building unshakeable confidence. With each session, you don't just play the game – you live the fight. MMA Cage Conquest is all set to make gaming experiences more vigorous and a powerhouse for the senses. Feel the rush in your bones as you climb the leaderboards, and establish yourself as the ultimate MMA cage conqueror. Ready to unleash your inner champion? " MMA Cage Conquest " will be available on the Meta platform. Submitted for listing on May 2, 2024, the developers await approval from Meta. Visit 5thscape.com for trailers, release updates, and the latest news on your journey to become the undisputed MMA Cage Conqueror. Contact Details 5th Scape 5thScape Team +1 302-597-6768 Team@5thscape.com Company Website https://5thscape.com

May 03, 2024 06:51 AM Eastern Daylight Time

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Flash Wins California Energy Commission $5.8M Grant for EV Charger ‘Innovation Lab’ in Oakland

Flash Parking

The California Energy Commission (CEC) and Flash, a pioneer in parking + charging solutions, today announced Flash secured a $5.8 million grant from CEC for a large-scale electric vehicle (EV) charger demonstration project in Oakland, California. The first-of-its-kind project will deploy at least 446 low-cost Level 2 EV chargers over a two-year period in convenient, high-density, high-visibility installations in a 1.5-mile area around downtown Oakland. With $24 million in funding from California’s Clean Transportation Program, the CEC grant to Flash and other awardees aims to demonstrate replicable and scalable business and technology models to deploy Level 2 charging infrastructure and improve public awareness of and confidence in Level 2 charging access. The project will also include installation of two Battery Energy Storage Systems that will help safeguard EV charger affordability during periods of peak energy demand. “Bay Area residents’ early commitment to the EV transition uniquely positions this community to serve as an ‘Innovation Lab’ for electrification projects in California and nationwide,” said Matt McCaffree, Vice President of Utility Market Development for Flash. “This collaboration with CEC will not only show what’s possible in high-density smart cities like Oakland but also keep the charging gap for early adopters from becoming a confidence gap for the next wave.” Bay Area EV adoption continues to outpace the national average by a factor of three. By installing reliable, affordable, and convenient public chargers, Flash and the CEC aim to close the charging gap and encourage further EV adoption—particularly among downtown residents, for whom dependable public charging is a prerequisite for ownership in lieu of at-home chargers. The success of the project would establish quality public charging as a standard among the practical, convenient, and environmentally-friendly “smart cities” of the future. “For residents living in downtown areas where at-home charging isn't an option, reliable and convenient public charging is key for continued EV adoption,” said CEC’s Lead Commissioner for Transportation Patty Monahan. “The CEC is looking forward to Flash's deployment of hundreds of Level 2 chargers throughout downtown Oakland to be a model of successful public charging.” The project will also generate invaluable data regarding battery capacities, operating costs, replicable price points, and emergency procedures, as well as insights toward stimulating demand and increasing return on investment. This information can then be used to expand and improve upon the Oakland deployment and inform electrification efforts throughout California and beyond. About Flash Flash is a pioneering technology company bringing seamless parking and EV charging experiences to drivers through a first-of-its-kind digital ecosystem. Flash’s platform connects reservable parking and charging in the apps drivers use every day with garage, surface lot, event, and valet parking locations — connected and controlled via a cloud-based operating system with unrivaled intelligence. Customer-obsessed brands partner with Flash to deliver digital, easy-to-use, reliable, and increasingly frictionless experiences to drivers eager to pay for a solution that eliminates wasted time, excess emissions, and stress from driving. The solution has arrived. Visit www.flashparking.com to learn more. Contact Details Flash Ray Young +1 512-694-6097 ray@razorsharppr.com Company Website https://www.flashparking.com/

May 02, 2024 08:30 AM Pacific Daylight Time

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Atrato Capital CIO discusses strategic French market expansion with Carrefour acquisition

Supermarket Income REIT PLC

Atrato Capital chief investment officer Steven Noble joins Proactive's Stephen Gunnion with news that Supermarket Income REIT PLC (LSE:SUPR, OTC:SUPIF) has acquired a portfolio of 17 omnichannel supermarkets in France from Carrefour through a sale and leaseback transaction valued at €75 million. The deal ensures a leaseback to Carrefour for 12 years, yielding an initial return of 6.3% with the advantage of annual uncapped inflation-linked rent reviews. Noble emphasized that this move aligns with Atrato Capital's ongoing strategy to focus on omnichannel stores, crucial for both online and in-store grocery sales. The acquisition not only fits its existing investment strategy but also expands its addressable market to the French grocery sector, valued at €284 billion. France was specifically chosen due to its significant online growth potential and Carrefour's strong market position and omnichannel capabilities. Although the UK remains its core market, Noble hinted at possible future acquisitions in Europe to increase shareholder value, maintaining its strategic approach towards omnichannel grocery property investments. This expansion into France with Carrefour is viewed as a natural progression of Supermarket Income REIT's business model, providing promising growth and long-term valuation opportunities. Contact Details Proactive UK Ltd +44 20 7989 0813 uk@proactiveinvestors.com

May 01, 2024 09:44 AM Eastern Daylight Time

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HRE Advisors Expands Partnership and Portfolio in Western Kentucky

HRE Advisors

HRE Advisors is a full-service real estate advisory firm that offers brokerage, appraisal, and consulting for their client’s commercial and residential needs. HRE is thrilled to announce an expansion that will deepen the firm’s professional expertise in the area. HRE has recently partnered with Darren Hack, Angela Turner, and Davin Ramage, all of whom carry a depth of experience in commercial and residential real estate, along with other additions to the team. Dustin Hawkins, MAI, CCIM, the Principal of HRE Advisors, looks forward to continuing the firm’s commitment to its advisory services through the vast amount of education and experience HRE offers. As such, Dustin is thrilled to bring additional experience and knowledge to the team to enhance that expertise and level of service. Darren Hack joins HRE Advisors from Hack Building, a real estate and construction company specializing in appraisal, multi-tenant commercial buildings, tenant build-outs, repurposing, and home building. Accompanying Darren to the team are Kelly Hack, Stan Hack, and MaryAnn Cain, who provide a combined 65 years of expertise in commercial and residential real estate, buyer and seller representation, land planning, commercial development, investment properties, and more. Sarah Riley, West Kentucky Star’s People’s Choice Realtor of the Year in 2023 and 2024, will further strengthen HRE’s ability to service the WKY region. Sarah’s experiences include a strong residential sales portfolio as well as residential property management. Sarah is among the top performing agents in the area with a strong grasp on the residential sales and investment market. “Sarah and Kelly will strengthen HRE’s residential brokerage, ensuring strong, transparent value for our clients. Darren’s construction and development experience will add a level of service and professionalism to the firm that will give our clients an even higher level of confidence,” says Dustin. Angela Turner is another addition to the HRE team. Since 2008, Angela has worked in and around all things real estate, starting her career in leasing and property management and obtaining her real estate license in 2013. Angela has drawn an exceptional amount of experience through her leadership role at Falconite Development. Angela’s 15 years of experience in commercial leasing, project management, and business development puts her in the top echelon of this industry. Davin Ramage has also joined HRE to bring stability to the firm’s growing appraisal department. Davin has been immersed in residential real estate appraisal since 2016. His strong work ethic, analytical mind, and reliability quickly gave him a reputation that all of Western Kentucky has come to trust. He will also bolster HRE’s agricultural appraisal services, offering poultry, swine, and row crop advisory and valuations. Stacey Treece is an associate appraiser with HRE. Stacey began her appraisal career in 2022 after 15 years in education. She started strong, learning from Darren at Hack Building, who says she “is one of the most gifted analytical and appraisal minds I’ve seen.” HRE Advisors strives to continue providing clients with a broad spectrum of services that cover all aspects of commercial, agricultural, and residential real estate brokerage across the most coveted areas of Western Kentucky. They offer superior risk-adjusted real estate returns and capital preservation through quantitative analytics and a strategic planning framework. These additions to the team represent virtually every aspect of the real estate landscape, from end-to-end business planning to implementation solutions at an entity, portfolio, or project level. HRE Advisors is a premier manager of investment quality commercial real estate portfolios focused on providing superior risk-adjusted returns for our clients and investors, consistent with the objectives defined by their investment guidelines. Served by a strong group of senior professionals who understand the importance of aligning manager-client interests, HRE Advisors designs solutions to deliver value while bringing a clear understanding of market dynamics, research, and experience to real estate investment management. With expertise in acquisitions, dispositions, tenant or landlord representation, and appraisal, HRE Advisors is uniquely equipped to advise clients, drawing on a depth of knowledge spanning capital markets, geographical markets, industry trends, and property fundamentals. With its recent expansion, HRE now also adds residential real estate and agricultural appraisals to its expansive service offerings. Backed by access to best-in-class tools and a proprietary platform, the HRE Advisors team strives to identify opportunities that exceed client expectations and deliver superior results. Contact Details R Public Relations Madison Baber +1 210-213-2426 madison@rprfirm.com Company Website https://hawkinsrea.net/

April 23, 2024 11:18 AM Eastern Daylight Time

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Diamond Lake Minerals and BOXABL Revolutionize Real Estate with Modular Housing Collaboration

Diamond Lake Minerals Inc

Diamond Lake Minerals CEO Brian J. Esposito joined Steve Darling from Proactive to unveil the company's long-term real estate vision and its collaboration with modular home building company BOXABL, Inc. Esposito shed light on BOXABL's impressive journey since its inception in 2017 by the father-son duo Paolo and Galiano Tiramani. BOXABL embarked on research and development, testing, and exploration of alternative building materials and methods conducive to automotive-style mass production of houses. In 2021, BOXABL secured a federal contract exceeding $9 million to construct and deliver 156 Casitas for a military base, alongside the inauguration of its 170,000-square-foot manufacturing facility in Las Vegas, NV. These facilities marked a significant milestone, enabling BOXABL to commence low-volume production and validate the concept, paving the way for the world's most advanced assembly line mass production of housing. Esposito informed Proactive that DLMI's announcement and partnership with BOXABL mark a pivotal moment in expanding the use case of BOXABL technology. Together, they aim to identify, design, and develop aesthetically pleasing communities known as Boxabl Villages. The objective is to streamline the construction process and shorten timelines from groundbreaking to residents taking possession of their new homes. Leveraging DLMI's leadership and forward-thinking approach to finance through security tokens, alongside traditional means, opens up additional unique opportunities for these villages to flourish and expand. As DLMI and Boxabl embark on this collaborative journey, investors can anticipate innovative solutions and transformative advancements in the real estate sector. Stay tuned for further updates as DLMI and BOXABL continue to redefine the future of housing and community development. Contact Details Proactive Canada +1 604-688-8158 action@proactiveinvestors.com

April 19, 2024 08:00 AM Eastern Daylight Time

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Adobe's New Acrobat AI Assistant

News Media Group, Inc.

Contact Details News Media Group, Inc. Karl Wayne +1 334-440-6397 karl@newsmg.com Company Website https://newsmg.com/

April 18, 2024 07:00 AM Eastern Daylight Time

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Comtex Launches Omnia: A Cutting-Edge News API Platform leveraging NLP and AI

Comtex

Comtex News Network, Inc (Comtex), a leading provider of news aggregation and distribution services to top firms in financial services, news publishing, syndication, and analytics, proudly announces the launch of its innovative API platform, Omnia. Omnia is a state-of-the-art API platform designed to revolutionize the way businesses access and utilize news content. Omnia empowers users with instant access to real-time streaming news, AI-generated article summaries, enhanced tagging and categorization based on NLP, advanced filtering, and access to an extensive catalog of curated news sources. Key Features of Omnia Include: Real-time Streaming News: Omnia provides real-time streaming news via websockets push and REST API for seamless integration into existing systems. Enhanced Tagging and Categorization: Leveraging AI and proprietary NLP-based algorithms, Omnia offers enhanced tagging and categorization of content, including press releases, earnings releases, product categories, and more. AI-Generated Article Summaries: Omnia utilizes AI to generate concise and searchable article summaries, enabling users to quickly grasp an article before reading it. Advanced Filtering: Omnia's advanced filtering capabilities allow users to customize their news feeds based on specific criteria, ensuring they receive only the most relevant content. Access to an extensive collection of curated, high-quality sources used by top companies in financial services, analytics, research and a broad range of industries. Omnia is designed for rapid integration and serves a variety of use cases, including training of LLMs, financial platforms, asset management, trading, academic research, legal research, market research, and much more. Commenting on the launch, Comtex CEO Kan Devnani said, "We are pleased to bring a flexible, state-of-the-art news platform with access to curated, premium news sources to market. Omnia is an extendable platform, combining AI with our rich experience applying NLP to news content. This will allow clients to derive more intelligence and insights from the news content we offer and help clients curate and identify the content most relevant to them. Comtex will use Omnia to deliver evolving analytics and insight to its users." Access to Omnia can be trialed by visiting https://www.comtex.com/api. Comtex encourages users to explore its features and capabilities. To learn more about Omnia and request a demo, please contact sales@comtex.com or visit https://www.comtex.com/api. About Comtex News Network, Inc (Comtex): Comtex News Network Inc (Comtex) is a leading provider of news aggregation services to top firms in financial services, news publishing, syndication, and analytics. With a wealth of experience and expertise, Comtex delivers comprehensive news solutions that empower businesses to make informed decisions and stay ahead of the competition. Comtex also offers syndication services to content providers and platforms to generate traffic to online content. Contact Details Comtex News Network Media Relations sales@comtex.com

April 12, 2024 02:01 PM Eastern Daylight Time

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Select Sector SPDR ETFs: A Strategic Approach to Precision Investing and Customized Portfolios

Select Sector SPDR

In the dynamic world of investing, Exchange-Traded Funds ( ETFs ) have proved to be a powerful tool for investors seeking diversification, flexibility, and potentially a more sector-driven approach. Select Sector SPDR ETFs offer a focused approach to sector investing, enabling investors to specifically target sectors within the broader market. This method of investment strategy is designed to arm investors with greater control and flexibility over their portfolios. Select Sector SPDR ETFs segment the S&P 500 into 11 investable sectors, covering all broad market segments. They provide access to various industries, allowing investors to craft a diversified portfolio that aligns with their unique investment goals. This approach presents an excellent opportunity for both individual and institutional investors to effectively navigate the financial markets. Each ETF comprises well-known, large-cap companies from the S&P 500, ensuring broad exposure and diversification. The transparent nature of ETFs allows for daily disclosure of portfolio holdings and weightings, providing investors with visibility into their investments. The full lineup of Select Sector SPDR ETFs includes: Communication Services Select Sector SPDR Fund (XLC) Consumer Discretionary Select Sector SPDR Fund (XLY) Consumer Staples Select Sector SPDR Fund (XLP) Energy Select Sector SPDR Fund (XLE) Financials Select Sector SPDR Fund (XLF) Health Care Select Sector SPDR Fund (XLV) Industrials Select Sector SPDR Fund (XLI) Materials Select Sector SPDR Fund (XLB) Real Estate Select Sector SPDR Fund (XLRE) Technology Select Sector SPDR Fund (XLK) Utilities Select Sector SPDR Fund (XLU) These ETFs provide flexible, transparent, and low-cost investment options to both retail and institutional investors. The flexibility offered by these ETFs empowers investors to make strategic adjustments in their portfolios as market conditions change. This flexibility, combined with the transparency of daily disclosure of portfolio holdings, allows investors to always be aware of where their money is invested. Select Sector SPDR ETFs offer a unique opportunity to invest in various sectors with precision and flexibility. They provide a simplified approach to sector investing, allowing investors to customize their portfolios to meet their specific investment objectives. DISCLAIMER: This is a work of research and should not be taken as investment or financial advice. Therefore, Select Sector SPDRs or the publisher is not liable for any decision made based on the publication. About the Company: Select Sector SPDR ETFs offer flexibility and customization opportunities. Many investors have similar outlooks, but no two are exactly alike. Select Sector SPDR ETFs let investors select the sectors that best meet their investment goals. DISCLOSURES The S&P 500 Index is an unmanaged index of 500 common stocks that is generally considered representative of the U.S. stock market. The index is heavily weighted toward stocks with large market capitalizations and represents approximately two-thirds of the total market value of all domestic common stocks. The S&P 500 Index figures do not reflect any fees, expenses or taxes. An investor should consider investment objectives, risks, fees and expenses before investing. One may not invest directly in an index. Transparent ETFs provide daily disclosure of portfolio holdings and weightings All ETFs are subject to risk, including loss of principal. Sector ETF products are also subject to sector risk and nondiversification risk, which generally will result in greater price fluctuations than the overall market. Diversification does not eliminate risk. An investor should consider investment objectives, risks, charges and expenses carefully before investing. To obtain a prospectus, which contains this and other information, call 1-866-SECTOR-ETF (732-8673) or visit www.sectorspdrs.com. Read the prospectus carefully before investing. ALPS Portfolio Solutions Distributor, Inc., a registered broker-dealer, is distributor for the Select Sector SPDR Trust. Media Contact: Company: Select Sector SPDRs Contact: Dan Dolan* Address: 1290 Broadway, Suite 1000, Denver, CO 80203 Country: United States Email: dan.dolan@sectorspdrs.com Website: https://www.sectorspdrs.com/ *Dan Dolan is a Registered Representative of ALPS Portfolio Solutions Distributor, Inc. ALPS Portfolio Solutions Distributor, Inc., a registered broker-dealer, is the distributor for the Select Sector SPDR Trust. SEL007439 EXP 5/31/24 Contact Details Dan Dolan +1 203-935-8103 dan.dolan@sectorspdrs.com Company Website https://www.sectorspdrs.com/

April 12, 2024 05:00 AM Eastern Daylight Time

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