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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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BIMQuote Appoints New President Aimed at Delivering Cost Savings on Materials for Homebuilders

Builders Capital

BIMQuote announced the appointment of Ken Trent as President where he’ll be providing cutting-edge technology solutions that help homebuilders save on material costs for new construction builds. Ken has a background in construction administration with a proven track record of success in cost savings and process improvements. He combines that with over 10 years of experience in eCommerce and digital technology solutions for products and services. Formerly the Chief of Growth at Builders Capital, the #1 Private Construction Lender Nationwide, Ken implemented strategic initiatives that enhanced the borrower experience by developing online portals where customers could have 24/7 access to their draws and loan details. “Ken is results-driven with a strong focus on the customer experience,” said Travis Dodge, BIMQuote Founder. “His vision and initiative will help private homebuilders gain greater awareness of this revolutionary software and drive home the value that BIMQuote delivers access to the same national buying power that production builders are accustomed to.” Ken commented on the transition, stating, "My background in construction has equipped me with a strong foundation in project management and a keen eye for detail. These skills, combined with my experience in digital technology solutions provide a unique perspective that I believe will be invaluable in the adoption of BIMQuote to homebuilders nationwide. I am thrilled to be part of this innovative team and look forward to contributing to the company's continued success." BIMQuote is currently being offered to Builders Capital borrowers, who can utilize the software to order localized building materials at discounted prices. The cost savings are based on their national relationships with hundreds of material providers from wood framing to windows, to roofing and appliances and everything in between. The materials are organized by cost code provided in detailed quantity takeoffs based on the homebuilders' submitted plans. To learn more about BIMQuote and its technology solutions visit BIMQuote.com About BIMQuote and Customhome.ai BIMQuote and customhome.ai offer innovative products available to homebuilders, enabling them to operate more competitively, efficiently, and profitably in their business. BIMQuote offers a full project management and procurement suite, with integrated accounting and automated contracting tools such as lien waivers. Customhome.ai allows for the customization of a 3D digital model of a home and immediately generates a material takeoff as well as site-specific residential designs. Learn more at: BIMquote.com and customhome.ai For inquiries, please contact Trisha Hudson: trisha.hudson@builders-capital.com About BIMQuote and Customhome.ai BIMQuote and customhome.ai offer innovative products available to homebuilders, enabling them[JW1] to operate more competitively, efficiently, and profitably in their business. BIMQuote offers a full project management and procurement suite, with integrated accounting and automated contracting tools such as lien waivers. Customhome.ai allows for the customization of a 3D digital model of a home and immediately generates a material takeoff as well as site-specific residential designs. Learn more at: BIMquote.com and customhome.ai Contact Details Trisha Hudson trisha.hudson@builderscapital.com Company Website https://builderscapital.com/

April 15, 2024 08:00 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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New Alvarez & Marsal Spring 2024 Consumer Sentiment Report Highlights Impact of Ongoing Consumer Skepticism on Spring & Summer Spending Plans

Alvarez & Marsal Consumer and Retail Group

Consumers, specifically those with higher household incomes, intend to reduce spending on essentials, experiences, gifts, and indulgences this spring The number of higher-income earners cutting back on spending to prioritize saving has increased in Spring ’24 compared to previous cycles Cost-conscious consumers are increasingly engaging in sales and second-hand shopping as a way to reduce spending Despite financial uncertainty, consumers are still eager to take vacations this year, showing resilience in their desire for leisure compared to last spring (2023) Global professional services firm Alvarez & Marsal’s Consumer and Retail Group (A&M CRG) released its latest consumer report, Consumer Sentiment Survey Spring 2024, which examines the influence of inflation and resulting changes in consumer spending over the last year, as well as spending outlook for the upcoming six-month timeframe. This is the sixth chapter of its bi-annual Consumer Sentiment Report, based on a survey of 1,800+ consumers matching the U.S. adult population according to gender, age, ethnicity, region and income. The report delves into shifting behaviors in response to personal finances and economic conditions. It includes insights into consumers' shopping priorities across categories, concerns about increasing prices, vacation plans, and other factors shaping purchase decisions for the upcoming spring season, among other relevant insights. “Our semi-annual survey aims to analyze the influence of ongoing economic concerns on consumer spending patterns, channel preferences, and their overall confidence in financial stability over time. Retailers can utilize the data and insights from our report to develop financial plans, efficiently manage inventory, enhance marketing campaigns, and establish pricing strategies at a category level,” stated Chad Lusk, Managing Director at Alvarez & Marsal’s Consumer and Retail Group. “This survey cycle reveals a growing consumer pessimism as we head into the spring season, with intentions to exercise greater caution in spending especially in higher income households.” The study found that: Consumer outlook for spring is weaker as consumers are anticipating spending less and having less money versus Fall ‘23 Consumers are planning to reduce spending across the board but show the smallest decline in spending intentions for experiences compared to Fall ‘23, with a rising number of respondents planning vacations this year In higher income brackets, there's a notable trend towards prioritizing saving over spending. In the $200K+ income bracket, the percentage of respondents prioritizing saving surged by 12% compared to Fall '23. Across various spending categories, we consistently observed the most significant decreases in desire to spend in the higher income households Higher income households are turning to second-hand shopping to save money. The number of respondents earning $100K+ who shop second-hand to save costs increased by 10% this spring. "Retailers must recognize the cautious consumer mindset and adjust strategic priorities accordingly to align with spending plans," Lusk advised. "Retailers, particularly ones servicing higher income consumers, should anticipate providing discounts and promotions across different categories as the season progresses, also while implementing flexible inventory strategies to minimize overall liabilities, given that those typically less affected by recession or inflation will be spending less.” To download a pdf of Consumer Sentiment Survey Spring 2024, please visit: https://alvarezandmarsal-crg.com/insight/consumer-sentiment-survey-spring-24/ The Alvarez and Marsal Consumer and Retail Group (CRG) is a management consulting firm that tackles the most complex challenges and advances its clients, people, and communities towards their maximum potential. CRG combines the best of A&M’s broader firm's bias toward action and practicality with deep consumer and retail industry experience. CRG partners with businesses across a wide range of categories including Food & Beverage, Beauty & Personal Care, Grocery, Mass Merchandise, and Apparel & Footwear to drive significant performance improvement. Contact Details David Schneidman dschneidman@alvarezandmarsal.com Company Website https://www.alvarezandmarsal.com/industries/retail/retail

April 10, 2024 11:30 AM Eastern Daylight Time

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Builders Capital Announces $500 Million Strategic Transaction with InterVest Capital Partners

Builders Capital

Builders Capital recently closed a transaction with InterVest Capital Partners, forming a strategic partnership that results in a commitment of up to $500 million in growth capital and InterVest acquiring a strategic minority interest in Builders. “We are thrilled to partner with InterVest, one of the leading specialty finance investment platforms,” said Robert Trent, CEO of Builders Capital. “We plan to use the capital to aggressively expand our platform and continue to provide creative financing solutions to our homebuilding customers.” “We have tremendous confidence in the Builders Capital team and their 15-year track record as the leading private construction lender to homebuilders,” said Michael Gontar, CEO of InterVest Capital Partners. “Builders Capital is well positioned to capitalize on the supply and demand imbalance that exists throughout the U.S. for new construction single family homes,” said Robert Rothschild, SVP of InterVest Capital Partners. “We look forward to partnering with Builders to expand their platform and become the lender of choice to the homebuilding industry.” “We have formed capital partnerships totaling almost $3 billion over the past twelve months to prepare for major growth,” said Arik Prawer, Builders Capital Co-President, and head of Capital Markets. “Our ability to secure access to significant capital with high quality partners like InterVest evidences the strength of our industry leading platform and the incredible market opportunity in both the near- and long-term.” Guggenheim Securities, LLC acted as financial advisor and Perkins Coie acted as legal advisor to Builders Capital. Piper Sandler & Co. acted as financial advisor and O’Melveny & Myers acted as legal advisor to InterVest Capital Partners. To learn more about Builders Capital and the construction loans they offer to builders and developers, visit builderscapital.com. About Builders Capital Builders Capital is the nation's largest private construction lender, offering innovative financing solutions to a wide spectrum of developers and homebuilders. Loan products include options for Acquisition, Development, Construction, and Bridge financing, in the form of single-asset loans, portfolio loans, and revolving credit facilities. In addition to financing opportunities, Builders Capital borrowers can leverage national accounts for material purchase discounts, and access cutting-edge technology for project management, accounting, and BIM technology tools. Builders Capital is headquartered in Puyallup, Washington, with an East Coast headquarters in Fort Lauderdale, Florida, and regional sales offices across the country. The management team at Builders Capital brings over 100 years of expertise in residential construction lending, home building, real estate development, and loan servicing. Learn more at: builderscapital.com. About InterVest Capital Partners InterVest Capital Partners, formerly Wafra Capital Partners, is a leading global alternative investment firm specializing in asset-based lending, leasing, and other structured finance verticals. Since 1999, the InterVest management team has established numerous successful investment vehicles with aggregate committed capital exceeding $19 billion (USD). Contact Details Builders Capital Trisha Hudson trisha.hudson@builderscapital.com Company Website https://builderscapital.com/

April 09, 2024 08:00 AM Eastern Daylight Time

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