Real Estate

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

IotaComm® Completes Acquisition of Iota Spectrum Partners, LP, Creating Unified Ownership of Nationwide Spectrum Assets

IotaComm

IotaComm, Inc. ("IotaComm" or the "Company"), a leading private wireless communications and Internet of Things (IoT) solution provider, announced today that it has successfully completed the acquisition of Iota Spectrum Partners, LP ("the Partnership"). As a result of the transaction, IotaComm now owns 100% of the outstanding partnership units and, accordingly, consolidates full ownership and control of its nationwide FCC-licensed 800 MHz spectrum portfolio. The acquisition was completed through a structured Tender Offer to Exchange, whereby holders of the Partnership Units received shares of IotaComm Common Stock at an exchange ratio of 0.0125 shares for every 1 Partnership Unit. With the closing of the acquisition, former Partnership Unit holders collectively own more than 80% of IotaComm’s outstanding Common Stock. The consolidated ownership positions IotaComm to better execute its strategic vision of building the nation’s leading carrier-grade, low-power, wide-area network (LPWAN) dedicated to smart buildings, smart cities, and the future of data-driven infrastructure. "This transaction marks a significant milestone in IotaComm’s evolution," said Terrence DeFranco, Chairman and CEO of IotaComm. "By unifying the ownership of our licensed spectrum assets under a single corporate structure, we have simplified our business model, strengthened our financial and operational foundation, and enhanced our ability to raise growth capital. This positions IotaComm to accelerate the deployment of our nationwide LPWAN network, expand our data services, and drive innovation at the intersection of connectivity, data analytics, and sustainability." IotaComm’s network leverages LoRaWAN® technology — the globally recognized open standard for secure, low-power, wide-area IoT connectivity — and the Company is an active participant in the LoRa Alliance®. With full ownership of its FCC-licensed spectrum portfolio, IotaComm is uniquely positioned to deliver a premium, carrier-grade LoRaWAN® service offering that enables new possibilities for smart building, smart city, and industrial IoT applications across the United States. The decision to pursue full consolidation was unanimously recommended by the Board of Directors of IotaComm and the General Partner of the Partnership after careful evaluation. The unified structure is expected to eliminate complexities that previously hindered valuation and financing opportunities and to improve the Company’s strategic flexibility. With this consolidation, IotaComm owns approximately 500 million MHz-pops of licensed spectrum, a critical strategic asset valued at approximately $84 million. IotaComm remains focused on enabling a healthier, safer, and more sustainable society by providing ubiquitous IoT connectivity and valuable data-driven insights to customers across the commercial, municipal, and industrial sectors. The Company expects that the strengthened corporate structure will support its continued growth and leadership in the fast-expanding market for smart infrastructure solutions. About IotaComm, Inc. IotaComm® is a private wireless communications and data services company that provides secure, carrier-grade low-power connectivity for the Internet of Things (IoT). Through its nationwide FCC-licensed 800 MHz spectrum portfolio and proprietary Delphi360TM platform, IotaComm® delivers critical data-driven solutions for smart buildings, smart cities, and sustainable infrastructure. IotaComm® leverages the globally adopted LoRaWAN® standard and is a member of the LoRa Alliance®, the leading global association driving the adoption of LoRaWAN® worldwide. Headquartered in Research Triangle Park, NC, with operations in Allentown, PA, IotaComm is committed to innovation, sustainability, and delivering value for customers, communities, and shareholders.For more information, visit www.iotacomm.com. Forward-Looking Statements This press release may contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such statements include, but are not limited to, any statements relating to our beliefs regarding the role that IoT will play in the future, our ability to implement our strategic goals, our ability to raise capital and reduce costs, and any other statements that are not historical facts. Forward-looking statements are based on management's current expectations and are subject to risks and uncertainties that could negatively affect our business, operating results, and financial condition. Factors that could cause actual results to differ materially from those currently anticipated include, but are not limited to: risks related to our growth strategy; risks relating to the results of research and development activities; our ability to obtain, perform under and maintain financing and strategic agreements and relationships; our dependence on third-party suppliers; our ability to attract, integrate, and retain key personnel; the early stage of products under development; our need for substantial additional funds; government regulation; patent and intellectual property matters; competition; as well as other risks. We expressly disclaim any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in our expectations or any changes in events, conditions or circumstances on which any such statement is based, except as required by law. Contact Details IotaComm, Inc. Kim Velez, Chief of Staff to the CEO +1 484-861-2994 kvelez@iotacomm.com Company Website https://iotacomm.com/

May 08, 2025 09:00 AM Eastern Daylight Time

Rebuilding LA: Steel Frame Construction on the Rise Amid Push to Fireproof Homes

The Hoyt Organization

MAY 1, 2025 – In the aftermath of January’s wildfires that swept through 40,000 acres causing $250 billion in local economic damage, destroying more than 16,000 structures and affecting thousands more, builders and city officials, alike, are analyzing construction practices to incorporate materials that won’t burn. At the top of the list? Steel frame construction. Steel has emerged as the primary option for homebuilders who need to adhere to new standards in wildfire zones and keep insurance costs at bay for those who will ultimately live there. The steel-framing industry, itself, is projected to grow to more than $58 billion by 2033, up from $35 billion in 2023, according to Spherical Insights. “This year’s fires were a heartbreaking tragedy on a horrific scale, and sadly much of damage could have been contained if it weren’t for the overuse of wood and drywall that are so quick to ignite when impacted by flying embers,” said Scott Acton, CEO of Forté Specialty Contractors, a seasoned design-build veteran whose unique expertise combines residential projects with high-profile hospitality and theme park developments that must adhere to stringent fire safety standards. Acton advocates for more steel-frame home designs, which are much more durable in the event of a natural disaster or the wildfires that are occurring at an alarmingly regular place in California. The losses incurred have gotten so catastrophic that the insurance premiums moving forward will likely soar at a rate that will displace many Californians and exacerbate the state’s affordability crisis. “Due to its resilience and durability, steel home construction has been growing in popularity for the luxury markets along the coast, but it is quickly becoming the preferred option for developers of all housing types because traditional building practices have gotten so dangerous and costly,” Acton said. “Developers of multifamily housing are increasingly specifying steel framing to accelerate build times, simplify quality control and deliver fire-resistant buildings that meet the demands of urban living. Along with the protection from fire, steel frame houses are also less susceptible to damage from earthquakes, high winds or flooding.” Steel-frame homes are also less likely to be infested with pests, termites and mold compared to wood. They are faster to assemble because the steel is often pre-fabricated off-site, which reduces on-site labor time. Plus, steel is highly recyclable, making it a more environmentally friendly choice compared to wood, which requires deforestation for production. In addition to pest resistance, speed to market, and recyclability, building with steel framing also delivers substantial saving on insurance. Recognizing steel as non-combustible, insurers can offer premium discounts of up to 75 percent on builder’s risk policies, according to the Steel Framing Industry Association. These average savings reflect steel’s superior fire resistance and loss history, translating into more predictable underwriting and lower overall risk costs throughout both construction and occupancy. The strength and integrity of steel creates more room for designer creativity as well. Despite steel’s relative material cost being higher than lumber, Acton notes that this is a huge value-add in luxury markets such as Malibu and the Palisades, where wider interior spaces and higher ceilings are in demand. ABOUT KRYTON Kryton International Inc. is the inventor of the crystalline waterproofing admixture and has been waterproofing concrete structures with its proprietary KrystolÂ® technology since 1973. Kryton has won awards for innovation, manufacturing, best place to work, and entrepreneurship. Kryton is an active member of the American Concrete Institute, International Concrete Repair Institute, American Shotcrete Association, and many other thought-leading organizations. Kryton exports its products to more than 50 countries globally. www.kryton.com About Forté Specialty Contractors: Founded in 2010, Forté Specialty Contractors is a Las Vegas-based specialty construction company that specializes in design build projects rooted in the experiential theming and entertainment world. Forté expanded its services to include a luxury home building division, which today includes a portfolio of homes in Las Vegas and on the East and West coasts. For more information, please visit fortedesignbuild.com or follow us on Facebook, Instagram, or LinkedIn. Contact Details Forte Specialty Contractors Andrew King +1 914-513-6895 aking@hoytorg.com Company Website https://fortedesignbuild.com/

May 01, 2025 01:47 PM Eastern Daylight Time

Rising Water Tables in the Southern U.S. Spotlight Need for Sustainable, Waterproof Concrete Solutions

The Hoyt Organization

May 1, 2025 - With rising water tables and an uptick in extreme weather events across the Southern United States, engineers, builders, and municipalities are turning to Smart Concrete as a long-term, sustainable solution to fortify critical infrastructure against flood risks, abrasion, corrosion and climate-related damage. Recent studies have shown that groundwater levels across states like Louisiana, Texas, Florida, and Georgia are increasing due to a combination of sea level rise, heavy rainfall patterns, and overburdened drainage systems. Consequently, there are higher likelihoods of flooding not just along coasts, but inland as well, putting foundations, stormwater systems, and essential infrastructure at increasing risk of failure. According to First Street’s 2025 National Risk Assessment, which projects a nearly $1.5 trillion dollar drop in property values from climate-related migration patterns, the nation’s most risky markets for climate-related property loss are all in Texas, including the metropolitan areas of Dallas-Fort Worth, Austin and Houston – all of which have experienced recent population surges amid increasing insurance costs associated with extreme weather. Smaller markets have been less resilient to these economic and environmental threats. For instance, in Jefferson County, Ala., the damage has already been done, triggering a 9.4 percent spike in climate-related insurance costs and a subsequent 25 percent plunge in population, the report found. Key infrastructure such as highways, airports and large-capacity garages are increasingly vulnerable to water-related corrosion in the South and that durable concrete is a viable long-term solution to those challenges, according to Patrick Kelly, Territory Manager – Central U.S. for Kryton International, a leading manufacturer of high-performance concrete. “It’s largely a threat from below,” Kelly said of the South’s rising water tables and increasing flood risks. “Traditional concrete structures can deteriorate rapidly when exposed to persistent water pressure, freeze-thaw cycles, and chemical ingress. Our waterproof concrete technology is designed to combat these exact challenges while reducing the need for costly maintenance and repair.” Waterproof Concrete: A Sustainable Advantage Unlike surface coatings or short-term sealants, waterproof concrete is engineered at the mix level with crystalline admixtures that resist moisture intrusion from the inside out. When compared to traditional concrete, this internal waterproofing not only prolongs structural life but also contributes to sustainability goals by: Reducing carbon-generating material waste from repairs and replacements Improving lifecycle performance with lower initial carbon footprint Enhancing climate resilience in transportation, utility, and commercial infrastructure Waterproof concrete is increasingly being adopted in: Underground parking structures and basements Tunnels, culverts, and stormwater management systems Coastal and low-lying public works projects High-performance industrial facilities in flood-prone regions “With even more extreme weather on the horizon, future-ready construction starts with resilient materials,” said Kryton International’s Vice President for Product Development, Kevin Yuers. “Waterproof concrete isn’t just a product — it’s a strategy for climate adaptation.” ABOUT KRYTON Kryton International Inc. is the inventor of the crystalline waterproofing admixture and has been waterproofing concrete structures with its proprietary KrystolÂ® technology since 1973. Kryton has won awards for innovation, manufacturing, best place to work, and entrepreneurship. Kryton is an active member of the American Concrete Institute, International Concrete Repair Institute, American Shotcrete Association, and many other thought-leading organizations. Kryton exports its products to more than 50 countries globally. www.kryton.com Contact Details Kryton International, Inc. Andrew King +1 914-513-6895 aking@hoytorg.com Company Website https://www.kryton.com/

May 01, 2025 10:19 AM Pacific Daylight Time

Spring Bird Delivers Transit Buses to MTR for Use in Major Construction Shuttle Operations

Spring Bird

Spring Bird has delivered six heavy-duty New Flyer D40LF transit buses to MTR, providing dedicated shuttle support for a large-scale semiconductor fabrication plant construction site. The buses will be used to safely and efficiently transport construction workers across the expansive site, reflecting the growing demand for durable, high-capacity shuttle solutions in complex infrastructure projects. The multi-bus order, fulfilled over the past year through several transactions, underscores Spring Bird’s rising role as a trusted supplier of transit buses for industrial and operational shuttle services. According to Spring Bird founder Elliott Carson, the deal came together due to “competitive pricing, fast turnaround, and strong warranty support,” all of which aligned with MTR’s high standards and tight project timelines. “This partnership with MTR is a great example of what happens when two teams are aligned in purpose and professionalism,” said Carson. “MTR had a clear vision, high standards, and a fast-moving project — and we were proud to meet that challenge. Supporting their shuttle operations with dependable, work-ready transit buses is exactly what Spring Bird is built to do.” The buses underwent standard make-ready servicing and were delivered ready for immediate deployment. While not retrofitted with low-emission or advanced telematics systems in this case, the New Flyer D40LF platform offers reliable performance, ample standing room, and durability that outperforms most traditional coach or cutaway vehicles under demanding, repetitive shuttle conditions. “Transit buses are built for this kind of work,” said Thomas Hoskins, Director of Operations at Spring Bird. “You’re moving large numbers of people, constantly, in stop-and-go patterns, sometimes on rough or temporary roads. These vehicles are designed for all-day, every-day use. They can load quickly, handle tough environments, and just keep going.” Spring Bird’s Construction Shuttle Service program highlights several key benefits of using heavy-duty transit buses in worksite transportation: Dual-door boarding allows faster loading and unloading compared to coach buses or vans. Low-floor designs increase accessibility and reduce boarding times. Higher standing capacity allows more flexible loading based on shift schedules. Cost-efficiency comes from needing fewer buses and drivers to move more people in less time. For MTR, choosing Spring Bird also meant working with a team that understands the complexity of operational logistics. “We’re proud to support partners like MTR who are helping to build the future—literally,” said Carson. “Whether it’s a long-term city transit solution or a short-term industrial project, our goal is always the same: safe, smart, dependable transportation.” The deal also adds another chapter to the Carson family’s eight-decade history in the transit industry. Spring Bird, founded by Elliott Carson in 2020, is built on a legacy that dates back to 1943 when Dean Carson began providing local transit in Los Angeles. Today, that commitment to innovation, service, and reliability lives on in Spring Bird’s growing footprint across public and private transportation sectors. About Spring Bird Spring Bird is a premier provider of transportation solutions, specializing in the sale, leasing, and service of heavy-duty transit buses and motor coaches. Drawing from the rich Carson family legacy in the transportation industry, Spring Bird offers an inventory of high-quality buses from leading manufacturers and provides customized rehabilitation services, including minor repairs, major overhauls, and technological retrofitting. Dedicated to safety, innovation, and customer satisfaction, Spring Bird addresses the unique needs of cities, transit agencies, and private operators, ensuring reliable and efficient transportation solutions. Media Contact: For more information, visit https://springbirdbus.com or contact us at press@springbirdbus.com. ### About Spring BirdSpring Bird is a premier provider of transportation solutions specializing in the sale, leasing, and service of heavy-duty transit buses and motor coaches. Drawing from the rich Carson family legacy in the transportation industry, Spring Bird offers an inventory of high-quality buses from leading manufacturers and provides customized rehabilitation services, including minor repairs, major overhauls, and technological retrofitting. Dedicated to safety, innovation, and customer satisfaction, Spring Bird addresses the unique needs of cities, transit agencies, and private operators, ensuring reliable and efficient transportation solutions. Contact Details Media Contact press@springbirdbus.com Company Website https://springbirdbus.com

April 30, 2025 10:41 AM Central Daylight Time

Image

News Release

Van Ness Corridor Emerges as San Francisco’s Premier Medical Destination

The Hoyt Organization

The Van Ness corridor has become one of San Francisco’s most dynamic medical and healthcare destination, anchored by the world-class Sutter Health’s California Pacific Medical Center and supported by an expanding ecosystem of medical office spaces and care providers. A highlight of this transformation is the 45,000 square feet of premium medical office space currently available at 939 Ellis St., making it the largest contiguous medical space on the market in San Francisco today. Strategically located just steps away from Sutter’s Van Ness campus, 939 Ellis offers an unparalleled opportunity for medical groups, specialty clinics, and healthcare innovators looking to establish a presence in the city’s fastest-growing healthcare hub. Ellis’ central location provides convenience for patients commuting from East Bay, the Peninsula, and Marin County. Connectivity to the Van Ness Corridor has never been better with the 2022 launch of the Van Ness Bus Rapid Transit, a 1.96-mile route running north-south featuring dedicated center bus lanes and nine stations. “The synergy between the neighborhood’s thriving healthcare community and access to transportation is reshaping the Van Ness corridor into a one-stop destination for high-quality patient care,” said Kurt Hackett, Vice President of Asset Management with Rethink Healthcare Real Estate, a private investment group that owns 939 Ellis St. “Whether it’s primary care, outpatient specialties, diagnostics, or wellness services, everything patients and providers need is increasingly concentrated in this central, transit oriented neighborhood.” The building, which is already about half occupied by Kaiser Permanente, comes to market amid a notable resurgence in San Francisco’s economy as the city positions itself for a boom in AI investments. The increase in business is being further fueled by the return-to-office trend and a growing belief that San Francisco is on the right track, according to recent surveys. Recently elected Mayor Daniel Lurie has spearheaded many new efforts that are working to bring businesses and visitors back to the world class downtown. As demand for centrally located, modern medical space continues to rise, the Van Ness corridor stands out as a focus for San Francisco’s healthcare future. “We could not be more bullish on this location,” said Jonathan Winer, President of Rethink Healthcare Real Estate. “Not only is San Francisco’s reemergence as a hotbed of business activity a catalyst for those looking to treat patients locally, but the ease of transit has made the Van Ness Corridor a convenient destination for doctors and patients, alike, who are coming from the outskirts of the city or the suburbs.” 939 Ellis St. offers flexible, build-ready medical office suites that can accommodate a range of specialties. It boasts a scenic rooftop terrace and available parking. For leasing inquiries at 939 Ellis St., contact Trask Leonard, president and CEO of Bayside Realty Partners at tleonard@baysiderp.com or Caroline Doyle, senior vice president of Bayside Realty Partners, at cdoyle@baysiderp.com. Contact Details The Hoyt Organization Andrew King +1 914-513-6895 aking@hoytorg.com Company Website https://rethink-capital.com/healthcare-real-estate/

April 23, 2025 10:20 AM Pacific Daylight Time

JOSH PRISTAW TO BECOME PRESIDENT OF CLARION PARTNERS

Clarion Partners

Clarion Partners LLC, a leading real estate investment manager, announced today that Josh Pristaw will be joining the Firm’s senior leadership team as Managing Director and President. This position will report directly to David Gilbert in his capacity as Clarion’s CEO and Chairman. Pristaw will sit on Clarion’s Executive Board and Investment Committee. Josh brings more than two decades of real estate experience across property sectors and functions, including acquisitions, asset management, portfolio development, and capital markets. He joins Clarion from Pretium, an investment firm with $60 billion under management across U.S. residential real estate, residential credit, and corporate credit. Josh has served as Senior Managing Director and Head of Pretium’s $35 billion real estate platform and a member of the Pretium Executive Committee. Prior to Pretium, Mr. Pristaw had co-founded GTIS Partners, a real assets investment firm, where he worked for 17 years and last served as a Partner, Co-Head of GTIS Brazil, Head of Capital Markets, and a member of the firm’s Investment Committee. Previously, he was a Principal and Co-Head of Acquisitions for Coventry Real Estate Advisors and was also a member of Coventry’s Investment Committee. “We are very pleased to have Josh take on a long-term strategic leadership role at Clarion,” commented Clarion CEO David Gilbert. “His diversified expertise is highly aligned with Clarion’s focus on continued global expansion in key sectors, which we view as fundamental to our ability to deliver compelling investment opportunities to our institutional and private wealth clients. We look forward to Josh’s significant contributions as we work to strategically expand our product set across the commercial real estate spectrum.” Per Pristaw, “The breadth and depth of Clarion’s dedicated real estate platform and talent are unique in the industry. I am very excited to join the management team and collaborate to develop and drive ongoing growth strategies, enhance and expand our brand and products, and above all, prioritize our commitment to client success.” Mr. Pristaw is expected to begin at Clarion mid-summer. Clarion Partners, LLC, an SEC registered investment adviser with FCA-authorized and FINRA member affiliates, has been a leading U.S. real estate investment manager for more than 40 years. Headquartered in New York, the firm maintains strategically located offices across the United States and Europe. With $72.5 billion in total real estate and debt assets under management, Clarion Partners offers a broad range of real estate strategies across the risk/return spectrum to approximately 500 institutional investors across the globe. Clarion Partners is an independently operated specialist investment manager of Franklin Templeton. More information about the firm is available at www.clarionpartners.com. Nothing herein constitutes an offer or solicitation of any product or service to any person or in any jurisdiction where such offer or solicitation is not authorized or is prohibited by law. Contact Details Rob Jesselson rob@craftandcapital.com Company Website https://www.clarionpartners.com

April 16, 2025 04:15 PM Eastern Daylight Time

AGTONOMY’S 3RD GENERATION SOFTWARE PLATFORM REDEFINES REAL-WORLD AUTONOMY ACROSS AGRICULTURE AND TURF

Agtonomy

Agtonomy, a trusted provider of automation and AI solutions, today announced the release of its third-generation Agtonomy Platform™, the most advanced software platform for agriculture and land management. Formerly known as TeleFarmer™, the latest update introduces enhanced fleet intelligence powered by Physical AI, new equipment platform support for mixed fleets, expanded capabilities for diverse crops, turf and open-field operations, and a new name that reflects its growing range of real-world applications across industries. Unlike other autonomous solutions that rely on extensive infrastructure or operator oversight, Agtonomy’s platform delivers true turnkey autonomy—ready to perform from day one without pre-mapping or local base stations. By combining embedded connectivity with vision-based navigation and advanced AI, Agtonomy continues to raise the bar for practical automation in agriculture, enabling broad adoption faster. “There’s a big difference between testing autonomy in controlled environments and deploying it in the real world,” said Tim Bucher, co-founder and CEO of Agtonomy. “Permanent crop autonomy is one of the toughest challenges in agriculture. Our platform has been refined through years of experience navigating narrow rows with high value crops on either side and no margin for error. This latest update takes that expertise further—expanding application while maintaining our commitment to reliability and precision.” Key Features of the Third-Generation Platform 1. Infrastructure-Free Autonomy On the latest Agtonomy-Enabled platforms, integrated cellular and Starlink connectivity, combined with vision-based navigation, eliminates the need for local base stations or manually driven record-and-repeat paths. The result is true autonomous operation from day one, with simplified setup and reduced costs. Where 3D satellite imagery is available, site setup can be completed remotely, eliminating the need for an on-site visit and streamlining deployment. 2. Turf & Open-Field Automation The platform now supports autonomous mowing and task execution across diverse environments such as golf courses, sod farms, pastures, municipal green spaces, and open fields. Agtonomy-Enabled equipment executes these tasks with industry-leading precision, helping reduce labor costs while improving consistency and coverage. 3. Enhanced Fleet Intelligence with Physical AI Agtonomy’s Physical AI enables a single operator to manage 10+ tractors simultaneously—with no practical upper limit. As the system learns from real-world operations, fleet efficiency continues to improve. 4. Expanded Equipment Support The platform now supports mixed-fleet operations across various equipment types, including new equipment integrations like the factory-fit Bobcat CT4045 diesel tractor—a robust solution for demanding autonomous tasks. A Proven Platform for the Real World As Agtonomy enters this next phase of scale and adoption, the company remains focused on what matters most: making automation truly usable. Backed by years of field experience in the most unforgiving environments, the platform is not only smart and scalable, but deeply practical. “This update is all about removing barriers for operators,” said Nic Fischer, head of software at Agtonomy. “No base stations, no complicated mapping—just tap a few buttons and let your equipment do the work autonomously. Its practical autonomy for all operators day one.” With a flexible platform that adapts to different terrains, tasks, and equipment, Agtonomy is empowering operators to do more—with less effort, less complexity, and the precision today’s operations demand. About Agtonomy: Agtonomy is a software and AI services company bringing intelligent automation to agriculture, turf, and land maintenance. Its platform, embedded in commercial equipment through leading OEM partnerships, delivers real-world automation proven in the most complex operating environments. Agtonomy helps customers work more efficiently, safely, and sustainably—without sacrificing precision or control. Learn more or request a demo, visit www.agtonomy.com or follow us on LinkedIn and YouTube. Contact Details AgTech PR for Agtonomy Jennifer Goldston jennifer@agtechpr.com Company Website https://www.agtonomy.com/

April 16, 2025 09:00 AM Central Daylight Time

Image

Ballast Rock Names Max Jackson Managing Director and Private Credit Portfolio Manager

Ballast Rock

Ballast Rock, the diversified investment management firm, announced that it has named Max Jackson as Managing Director, Private Credit Portfolio Manager, at Ballast Rock Asset Management. In this newly created role, Jackson, who is based in San Francisco, will identify, diligence, and source private credit and development capital opportunities as well as lead merger and acquisition advisory. “Private credit has been among the fastest-growing segments of financial services, and we believe we have identified an attractive niche to explore these opportunities on behalf of our investors,” said Simon O’Shea, Chief Investment Officer of Ballast Rock. “Max has the right experience to help us increase our footprint in this important segment.” Prior to joining Ballast Rock, Jackson was a Vice President at KeyBanc in their Utilities, Power & Renewable Energy Capital Markets team. Offering a wide range of investment banking services and strategies to individuals, businesses, and institutional investors, he has advised on more than $1 billion in transactions and more than 500 assets transacted. “Ballast Rock’s experience in real estate gives it an edge in evaluating private credit across multiple industries,” Jackson said. “I look forward to helping the Ballast Rock team explore new ways and vehicles to capitalize on private credit for its investor base.” Prior to KeyBanc, Jackson worked at MVP Capital and Fifth Third Securities. Before his career as an investment banker, Jackson was senior auditor in Deloitte’s audit practice for four years, where he provided assurance services to both private and public companies with over $1 billion in revenue in the Retail, Green Tech and Financial Services industries. Jackson holds a bachelor’s degree from the University of California, Los Angeles, where he majored in Business-Economics and minored in both Environmental Systems in Society and Accounting. About Ballast Rock Group Ballast Rock is an integrated investment management company specializing in delivering risk-adjusted returns, accurate, and timely advice, high quality frequent reporting, and direct access to management. Ballast Rock operates Ballast Rock Asset Management, Ballast Rock Private Wealth, and Ballast Rock Capital. Ballast Rock Asset Management comprises Ballast Rock Real Estate, which includes the firm’s Sunbelt multifamily real estate funds, and Ballast Rock Ventures, comprising venture capital and private equity teams. Ballast Rock Private Wealth is a full-service registered investment advisor, with a focus on allocating into private asset classes. Ballast Rock Capital (member FINRA/SIPC) is an SEC-registered broker-dealer. Ballast Rock is committed to being a driver of positive change. The diversity of our team members brings valuable new perspectives to our industry for the benefit of our stakeholders and the broader community. Investment Disclosure The information contained in this press release has been prepared by Ballast Rock Holdings LLC (“Ballast Rock”) without reference to any particular reader’s investment requirements or financial situation. Potential investors are encouraged to consult with professional tax, legal, and financial advisors before making any investment into a private offering of securities. An investment in private securities would be speculative and would involve a high degree of risk. Investors must be prepared to bear the economic risk of such an investment for an indefinite period of time and be able to withstand a total loss of their investment. Please carefully consider the investment objectives, risks, transaction costs, and other expenses related to an investment prior to deciding to invest. Ballast Rock Capital LLC (“BRC”), MEMBER: FINRA / SIPC. BRC’s registered head office is 460 King Street, Suite 200, Charleston, SC, 29403. Tel: 800-204-2513. To check background information about BRC and its representatives, visit FINRA’s BrokerCheck. Please see important disclosure information in our Form CRS. Contact Details For Ballast Rock Lisa Aldape, Vocatus laldape@vocatusllc.com Company Website https://www.ballastrock.com/

April 15, 2025 09:00 AM Eastern Daylight Time

G6 Hospitality Adds Over 150 Corporate Clients in 2025

G6 Hospitality LLC

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

April 14, 2025 11:00 AM Central Daylight Time

1 2 3 4 5 ... 72

Back