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Copper Property CTL Pass Through Trust Issues Monthly Reporting Package for August 2023

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 August 31, 2023. An aggregate total distribution of $18.7 million or $0.249513 per trust certificate will be paid on September 11, 2023 to certificateholders of record as of September 8, 2023. 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 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 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 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 Company Website

September 07, 2023 04:15 PM Eastern Daylight Time

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StarPoint Properties Sells Opportunity Zone Property and delivers a tax-free 242% ROI

StarPoint Properties

StarPoint Properties, a leading real estate investment firm known for delivering above market and asymmetrical returns, today announced the close of a $49.5 million sale of 6 th Street Point, a new 179,000 SF industrial property located on a 9.8-acre site at 24712 6th Street, San Bernardino, California. The buyer for the Opportunity Zone (OZ) project was a global institutional real estate firm Designated by the US Government in 2017, Opportunity Zones were created to spur economic growth and job creation in lower income communities while providing tax benefits to investors. “While most OZ investments are planned for a 10-year hold, our Prime and Prime OZ Program, is able to maximize returns on this investment in just three years,” said Paul Daneshrad, CEO and Founder of Starpoint Properties. “As a result, by selling now and rolling these funds into multiple other investments, we’ll be able to pursue future projects that will continue to yield the highest returns possible for our investors.” The first OZ sale for the firm, this stands out as one of the few full cycle OZ sales in the marketplace to date. At a 242% ROI, following the firm’s acquisition of the land for $6.5 million in 2020, the sale clearly demonstrates StarPoint’s ability to execute on its Prime and Prime strategy and sets a trend for future OZ investments to come. The sale highlights the success of StarPoint Properties' approach to OZ’s through their “Prime and Prime” program, which focuses on targeting the two strongest asset classes – multi-family and industrial – as well as sourcing the strongest locations and delivering the highest returns by optimizing assets and capital. The firm plans to roll the profits into multiple investments which they already have in place throughout Colorado and Arizona. The location of this project, adjacent to the San Bernadino International Airport in the heart of the Inland Empire, currently has less than a 2.9% vacancy rate and is considered one of the most sought-after warehouse/distribution markets in the county. The property includes in-demand amenities including 36’ ft. clear heights, built-in dock-levelers, and wiring for roof solar panels and electric forklifts. Located in an unparalleled industrial submarket, 6th Street Point will be a highly valued asset for corporate tenants within logistics, automotive and manufacturing industries. “In today’s real estate investment market, it is critical that investors work with a firm that is diligent, creative yet intelligent in their approach to all phases of the deal cycle, from acquisition through execution to disposition,” emphasized Daneshrad. “It is the only way to maximize returns and keep investments safe.” StarPoint Properties is a leading real estate investment and operating company focused on the acquisition, development and redevelopment of undervalued commercial properties in high-growth sub-markets throughout the United States. Since its inception in 1995, StarPoint has transacted over $2.0 billion in commercial and multifamily real estate. It operates a portfolio valued at more than $1 billion. For more information, visit Contact Details The Hoyt Organization Kelly Reynolds +1 310-343-3197 Company Website

September 07, 2023 09:00 AM Pacific Daylight Time

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Lee Covington to Succeed Frank Nutter as RAA President


The Reinsurance Association of America (RAA), the leading trade association of property and casualty reinsurers, today announced that Lee Covington, current President and CEO of The Surety & Fidelity Association of America (SFAA), has been named President-elect of the RAA, succeeding Frank Nutter, who will retire effective December 31, 2023, after 32 years as President of the Association. Mr. Covington will assume the role of President on January 1, 2024. Mr. Covington has led the SFAA since 2018. Prior to that, he was Senior Vice President, Government Affairs and General Counsel of the Insured Retirement Institute. He has also held positions at Squire Patton Boggs, PWC, Director of the Ohio Department of Insurance, and Deputy Director of the Arkansas Insurance Department. In announcing these developments Justin O’Keefe, Chair of the RAA’s Board of Directors said, “Over the last four decades, Frank has grown the RAA into the leading voice for the reinsurance industry in the United States. Guided by Frank’s leadership, integrity, and vision, the RAA team has addressed some of our industry’s most complex issues at both a federal and state level. On behalf of the RAA Membership, Board of Directors and staff I would like to thank Frank for his unwavering commitment to the RAA and wish him and his family a happy retirement.” Mr. O’Keefe continued, “I am delighted to welcome Lee to the RAA. He is an immensely qualified leader and his deep expertise and extensive career in insurance industry advocacy and regulation will be invaluable to the RAA. The board and I look forward to working with Lee as he continues to advance the RAA’s strategic priorities and advocate on behalf of our members.” The Reinsurance Association of America is the leading trade association of property and casualty reinsurers doing business in the United States. RAA membership is diverse, including reinsurance underwriters and intermediaries licensed in the U.S. and those that conduct business on a cross-border basis. The RAA also has life reinsurance affiliates and insurance-linked securities (ILS) fund managers and market participants that are engaged in the assumption of property/casualty risks. The RAA represents its members before state, federal and international bodies. Contact Details Reinsurance Association of America Barb Carroll +1 202-783-8390 Company Website

September 06, 2023 04:10 PM Eastern Daylight Time

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Stamford Office Furniture Announces the Launch of its New Website

Stamford Office Furniture

Stamford office Furniture (SOF), a leading MillerKnoll Certified Dealer proudly serving the Connecticut and Westchester New York area, is pleased to announce the official launch of our new website: The website has been carefully designed to provide an enhanced user experience and offer our valued customers an easily accessible platform to explore our wide range of workplace furniture solutions and services. Designed with simplicity and functionality in mind, the website showcases our dedication to providing exceptional furniture solutions for A&D project managers, real estate brokers and all users: Businesses, Education, Healthcare and Government. Key Features of the New Website: 1. Comprehensive Product Overview: Browse through the site to see examples of the furniture we offer, from high performance office chairs to stylish conference tables, all designed to elevate your workspace for greater productivity, worker satisfaction and company profitability. We have partnerships with over 200 creative and innovative manufacturers featuring Herman Miller, Knoll, OFS, BRC and NaughtOne. 2. Project Portfolio: Discover inspiring workplace images and products showcasing the transformative power that furniture can have in delivering inspiring spaces for Business, Healthcare facilities and Education institutions. 3. Expert Guidance: Gain valuable insights, with tips and recommendations on creating ergonomic, productive, and visually appealing workplace environments. 4. Contact Information: At the point you feel inspired connect with us easily through the website to schedule free consultations, request quotes, or inquire about specific products and services. 5. Responsive Design: Our website is optimized for desktop, tablet, and mobile devices, ensuring a seamless browsing experience on any platform. At SOF, we are passionate about helping clients create workspaces that inspire creativity and innovation, increase productivity, and foster a greater sense of well-being. As a certified MillerKnoll dealer, we uphold the highest standards of quality, innovation, and sustainability in all our offerings. Greg Durkin, President of SOF, "I am proud to present our new website to our valued clients and partners. This platform represents a significant milestone in our commitment to provide exceptional furniture solutions. The website's user-friendly design and imagery reflect our dedication to delivering the best possible experience to our clients. With the new website, we aim to inspire businesses across Connecticut and Westchester by showcasing the endless possibilities of our furniture solutions. Whether it's enhancing ergonomics, elevating aesthetics, or boosting productivity, our team is here to guide you every step of the way. I invite you all to explore the website and discover how we can transform your workspace into an environment that fosters success and well-being. We are excited about the future and look forward to continuing our tradition of excellence.” Durkin said. For further inquiries or assistance, call 203-388-2297 or email to About Stamford Office furniture: SOF is a leading supplier of workplace furniture to Business, Healthcare, Education and Government sectors. Family operated; SOF has been in business for almost 50 years with clients ranging from start-ups to Fortune 500 companies. SOF boasts one of the top performing sales teams in the industry, represents over 200 creative & innovative furniture brands and is a MillerKnoll Certified Dealer, which is a “big deal” and a coveted designation we have been proud to be for almost 2 decades. SOF features an actual working showroom, with all our associates’ workspaces specifically developed in a way to showcase the solutions and fine furniture we sell. Contact Details Greg Durkin

September 06, 2023 11:13 AM Eastern Daylight Time

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Newport Beach Plastic Surgeons Dr. Joseph Cerni and Dr. Nadir Qazi Sued for Fraud and Retention of Stolen Property

Stone LLP

Karen A. Sunday & Associates Inc., a well-regarded commercial real estate broker, recently filed a multi-count lawsuit against Dr. Joseph S. Cerni and Dr. Nadir Qazi, along with their affiliated medical practices and others, for failing to pay, and unlawfully withholding, an earned real estate commission. The lawsuit alleges fraud, breach of contract and unlawful retention of stolen property, among other counts. According to the lawsuit, in May 2022, Dr. Nadir Qazi reached out to Karen Sunday, President of Karen A. Sunday & Associates, seeking her expertise to acquire a building for his Newport Beach cosmetic surgery practice, the Qazi Cosmetic Center. Responding quickly, Sunday reached out to one of her long-time clients, well-known Newport Beach plastic surgeon, Dr. Joseph S. Cerni, owner of Forever Ageless in Newport Beach, inquiring about his interest in selling his office to Qazi. According to court documents, in July 2022, Sunday sent a binding letter of intent to both doctors for the sale of the building, located at 20271 Southwest Birch Street, Suite 100, in Newport Beach with a sale price of $4.75 million. The lawsuit contains various transactional details, including the purchase price, deposit contingencies, escrow conditions, and most crucially, the broker commission. As part of the agreement, Sunday was set to receive a 4% commission from Cerni. Additionally, Court documents allege Qazi was to pay an additional 2% commission for his participation in the transaction. Neither Cerni nor Qazi ever paid for the brokerage services rendered by Sunday and instead aided and abetted each other by unlawfully withholding Sunday’s earned commission. According to the complaint on file in Orange County Superior Court, when the sale closed in December 2022, both Dr. Cerni and Dr. Qazi reneged on their commitment, denying Sunday her rightfully earned commission totaling $285,000. The lawsuit sheds light on the doctors’ intentional deceit, alleging they misled Sunday with a promise to pay their respective commissions to Sunday upon the close of escrow yet failed to do so. The lawsuit seeks damages of no less than $4 million, citing California’s fraud statute in addition to the breach of contract claims. Sunday is represented by Elliott H. Stone, Esq., of Stone LLP, in Irvine California. The lawsuit names among the defendants: Joseph S. Cerni, D.O. a Professional Corporation, JSC Holdings LLC, Rockitgram LLC, Belle Vie Wellness and Medical Aesthetics Inc., Beautiful Reflections Inc., Forever Ageless, Inc., Nubella Med Spa, Inc., Pure Fix Medical Institute, Inc., Qazcorp, Qazi Cosmetic and Monumental Investments LLC. Karen Sunday & Associates, Inc., is a commercial real estate broker specializing in both Tenant and Landlord Representation headquartered in Newport Beach, California. Karen’s expertise is in the leasing and sales of office, industrial, and retail real estate in Southern California. More information at Stone LLP is a law firm that represents businesses throughout California in complex litigation involving business, construction, real estate, and employment disputes. Download a copy of the lawsuit here and at Contact Details John P. David +1 888-859-6637 Company Website

September 05, 2023 11:16 AM Pacific Daylight Time

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Harvest Thermal Builds Leadership Team

Harvest Thermal

Harvest Thermal, the technology company redesigning home heating, cooling, and hot water for a livable planet set the stage for accelerated growth by hiring two accomplished professionals to its executive team. The award-winning Bay Area start-up appointed Matthew Lacey as Vice President of Sales and Trent Wolbe as Vice President of Marketing. These strategic hires deepen Harvest’s commitment to delivering extraordinary climate impact with its smart thermal battery that lowers operating costs, slashes emissions, and enables building electrification at scale. With over 16 years of sales leadership experience in the HVAC industry, Mr. Lacey has a proven track record of driving revenue growth recently at Samsung HVAC and Daikin North America. At Daikin, Mr. Lacey launched new products that today are volume leaders in the company’s mini-split, ductless and multi-zone categories. He’s most proud of building teams that have won numerous sales awards, in one case doubling sales in three years. Notably, Mr. Lacey served with distinction in the US Army during the Gulf War era where he won numerous awards and earned the respect of his commanding officers. While serving in Egypt, Mr. Lacey was nicknamed “Witch Doctor” and was celebrated for his ability to fix aircraft that were considered too broken to fly, helping his battalion achieve greater efficiencies, readiness, and battlefield effectiveness. His time in the military instilled in him a strong sense of discipline, teamwork, and strategic thinking that will greatly benefit Harvest’s sales division. To lead its Marketing Department, Harvest Thermal tapped Mr. Wolbe after he led sustainability at global events for Google. Mr. Wolbe pushed the envelope in decarbonizing Google’s most high-profile events, meeting high standards of sustainability while enhancing attendee experiences. Rooted in journalism, broadcasting, and podcasting, Mr. Wolbe leverages social science and storytelling to connect with audiences and inspire climate action. As Creative Director at Optimist Inc., he worked with some of the world's largest retail brands (Nike, H&M) to create fun, futuristic, and emotional content that drove authentic experiences and enhanced brand value. Mr. Wolbe is super-excited to help evolve and evangelize the Harvest Thermal brand as it ascends to its next level of growth and impact. "We are delighted to welcome Matt and Trent to our executive team," said Jane Melia, CEO and Co-founder of Harvest Thermal. "They bring exceptional talent, proven leadership, and deep knowledge of their respective fields to our growing company. Their entrepreneurial spirit and dedication to excellence make them invaluable assets as we scale our category-busting smart thermal battery heating and hot water system.” The appointments of Mr. Lacey and Mr. Wolbe come at an exciting time for Harvest Thermal. As it decarbonizes homes, it continues to receive the highest customer satisfaction ratings, expand its product offerings, and build brand value. By strengthening both the sales and marketing teams, the company aims to foster greater synergy between these critical functions, enhance its customer engagement, and deliver greater value to its investors. ABOUT HARVEST THERMAL Harvest Thermal is redesigning home heating, cooling, and hot water for the planet. Its smart thermal battery system cuts carbon emissions by 90% from home heating and hot water compared to gas and 50% compared to heat pumps without storage. The cloud-connected Harvest Pod leverages machine learning software, sensors, and controls to reduce carbon emissions and save on monthly heating bills. It also supports a cleaner, cheaper, and more resilient grid. Founded in 2019, Harvest Thermal has received support from the National Science Foundation, the California Energy Commission, Peninsula Clean Energy, and leading private investors. In 2023, Harvest Thermal was named to Fast Company’s Most Innovative Companies list; awarded NREL Industry Growth Forum’s People’s Choice Award; and won a Silver Edison Award for Sustainable Design in the category Consumer Solutions. Contact Details Harvest Thermal David Tuft +1 202-494-0813 Company Website

September 05, 2023 08:11 AM Pacific Daylight Time

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Belvoir Group increases dividend by 25% after strong first half

Belvoir Group PLC

Belvoir Group PLC (AIM:BLV) chief executive Dorian Gonsalves speaks to Thomas Warner from Proactive after the nationwide property franchise group released its interim results for the six months to 30 June 2023. Gonsalves gives an overview of the results, noting that the group's share price has rise by 29% since its last report in March and that its strong H1 2023 performance has prompted a decision to raise the dividend by 25%. Gonsalves attributes part of the group's success to its franchise model, emphasising the self-employed aspect, which is proving resilient in a challenging market. Lettings, which account for 60% of gross profit, performed exceptionally well. While the estate agency sector saw a 9% decline, the overall market dropped by nearly 20%. Financial services, driven by acquisitions, showed growth. He expects investors tuning into a presentation scheduled for 16:30 BST on 4 September to inquire about the lettings side of the business, given rising rents, as well the outlook for the wider housing market. Contact Details Proactive UK Ltd +44 20 7989 0813

September 04, 2023 09:54 AM Eastern Daylight Time

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Tribe Property Technologies second-quarter financial sets path to profitability

Tribe Property Technologies Inc.

Tribe Property Technologies CEO Joseph Nakhla discussed the company's financial performance and strategic developments during an interview with Steve Darling from Proactive. Nakhla highlighted the financial results for the three and six months ending on June 30, 2023, showcasing notable growth and progress. Tribe Property Technologies witnessed a commendable 11.3% increase in revenue during 2Q 2023 compared to the same period in 2022. This growth was attributed to a combination of organic expansion and strategic acquisitions. The company's efforts to reduce costs have also contributed to its path towards profitability, a key milestone in its strategic plan. Nakhla provided insights into the financial figures, shedding light on the company's strategy for growth. He discussed the significant opportunities that exist for Tribe Property Technologies to continue expanding its operations and increasing its market presence. Strategic acquisitions have played a pivotal role in the company's growth trajectory. One of the recent acquisitions highlighted by Nakhla was the property management firm, Meritus Group Management. With a portfolio encompassing over 5,000 homes under management, this acquisition strengthens Tribe's national presence significantly. The addition of Meritus Group Management positions Tribe Property Technologies with a total of 8 offices across Canada, including British Columbia, Alberta, and Ontario. Nakhla further outlined the company's approach to integration, mentioning that Meritus will continue to operate independently until mid-2024. At that point, the Meritus team, led by Dean McCabe, will formally join Tribe Property Technologies. This strategic approach ensures a seamless transition and leverages the strengths and expertise of both companies. Tribe Property Technologies' pursuit of growth through strategic acquisitions and organic expansion underscores its commitment to becoming a key player in the property management industry. The company's financial results and continued efforts towards profitability highlight its ability to execute on its strategic goals and create value for stakeholders. Contact Details Proactive Investors Canada +1 604-688-8158

August 31, 2023 12:58 PM Eastern Daylight Time

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Belvoir Group swoops for two "rock solid businesses"

Belvoir Group PLC

Belvoir Group PLC (AIM:BLV) chief executive Dorian Gonsalves speaks to Thomas Warner from Proactive after announcing that the nationwide property franchise group has acquired two financial services business in the southwest of the UK for a combined sum of around £2.1mln. Belvoir recently wrapped up the acquisition of MAB (South West) Ltd following the conclusion of a deal for BMA Bristol Limited earlier in the summer. The acquisitions, with over £3 million in combined turnover, are projected to contribute around £0.6 million in profits. While acknowledging sector challenges, he attributes their success to franchisees and self-employed advisors' strong performance, highlighting their resilience during tough times. He describes the businesses acquired as "rock solid... that exactly fit our model." Gonsalves suggests that while it is in the nature of the group to continue making acquisitions, the two acquisitions made this summer already equal the total for a typical year. He also highlights that he expects a high level of investor interest in Belvoir's forthcoming results, set for release on 4 September. Contact Details Proactive UK Ltd +44 20 7989 0813

August 31, 2023 06:01 AM Eastern Daylight Time

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