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Nofar Energy expands the collaboration with Tesla

Nofar Energy Ltd.

Nofar Energy expands further its collaboration with Tesla: the company reported today it had entered a second framework agreement with Tesla on purchasing battery stored power systems with a total capacity of 200 megawatts for $54 million. Under the agreement, Nofar will pay 5% of the consideration on the contract signing date and the balance according to predefined milestones. The storage systems will be supplied from January 2023 through March 2024. This second agreement entered by Nofar and Tesla brings the total capacity of the storage systems to be built as part of the collaboration to 300 MW/h. Most of the storage systems covered by the first agreement entered in February 2021 for 100 MW/h are under or nearing construction. Given the fast implementation pace of the first agreement and the considerable demand, Nofar Energy decided to expand the collaboration with an additional contract for a larger capacity. Nofar estimates its EPC (Engineering, Procurement, and Construction) revenues from the second agreement will total ~ NIS 250 million. The annual revenues from power sales (arbitrage and grid services) are expected to total NIS 20-50 million. Moreover, the construction of the storage systems will enable building additional solar systems at high rates in areas characterized by overloaded grids, which could not be achieved in the absence of the storage systems. Nofar Energy plans to develop and manage the storage systems for existing and new partnerships the company and its partners own, including kibbutzim, real estate, commercial, and industrial companies. Several weeks ago, Nofar completed the construction and connection of Tesla’s first storage facility in Israel, in Kibbutz Shoval. Next week, the facility will be inaugurated at a ceremony attended by Tesla executives and representatives of Israel’s energy ministry and Electric Authority. Offering a capacity of 2.718 MW/h, the new facility allows overcoming the constraints placed by the local power grid through connecting additional photo-voltaic systems with significant capacity at a high rate of NIS 0.45 per each Kw/h produced. Moreover, the storage system offers additional economic value due to the planned raising of electricity prices. An independent management system developed by Nofar Energy ensures the facility runs according to the needs and chosen strategy. The project was co-built by Nofar Energy’s partnership with Kibbutz Shoval. Nofar concurrently advances the construction and connection of dozens of other power storage systems on lands owned by Kibbutzim and real estate companies already over the coming year as part of the existing or new partnership. In addition, the signing of the second framework agreement with Tesla allows Nofar to proceed with its action plan while promoting additional procurement agreements with other manufacturers. Nofar CEO Nadav Tenne commented, “I welcome the expanded collaboration with Tesla and thank its representatives for the professional and effective interface. Having projected the upcoming shortage of the power grid in extended areas over a year ago, we prepared accordingly with professional capabilities and control systems, pilots, and strategic collaboration agreements with equipment makers and suppliers. As a result, we can leverage the partnerships we put in place to build and connect tens of storage facilities with significant capacity over the next 12 months. These facilities will generate revenues from power sales, enabling the construction and connection of tens of additional solar systems at high rates independently of the grid’s resources. We plan to initiate similar storage facilities through the growth platforms we own in Europe and the USA. We are proud to be the leaders of Israel’s power storage revolution.” Contact Details Nofar Energy Dikla Ivry Pardnoy +972 52-380-4085 dikla@ivripr.com Company Website https://www.nofar-energy.com/

November 03, 2021 09:53 AM Eastern Daylight Time

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British fintech Nimbla attracts £5.1m investment as embedded insurance takes off

Stockwood Strategy

Fintech business insurance startup Nimbla has today announced a £5.1m funding round led by Silicon Valley venture fund Fin VC with participation from Barclays Bank. The funding comes as Nimbla seeks to scale its operations with increased demand from embedded credit risk solutions through its API with banks and alternative lending platforms. Founded in 2016, the Nimbla platform has given businesses the confidence to trade with a peace of mind using invoice insurance with quotes provided within seconds. Their proprietary digital automated credit risk platform is able to process requests immediately and provide real time quotes. Nimbla has processed over 67m invoices worth £2.5b. During the pandemic, volumes of invoices tripled as economic uncertainty and supply chain concerns increased and Nimbla continued writing new business. Flemming Bengtsen, CEO at Nimbla commented: “We have been growing steadily over the past few years, ramping up our technology and team to better understand businesses, the nature of B2B debt and to make faster decisions to serve our growing customer base. 2020 was a seminal year for Nimbla, at a time of global crisis, we were there for businesses enabling them to trade with a peace of mind and giving them confidence to carry on. This funding round will enable us to expand our platform, grow the team as we enable a confident and trusted trading environment for businesses across the UK and beyond”. Nimbla has worked directly with businesses and brokers to provide invoice insurance cover and more recently has launched a new API for Banks, fintech lenders and B2B platforms to enable more business to access the service. Nimbla partnered with Barclays Bank in 2020 to give their one million small business customers the ability to take out insurance against individual invoices, rather than the whole book. “We have built a powerful and robust credit risk model, automated large parts of the process and have now launched a new API to enable others to embed seamless credit risk solutions into their platforms” added Flemming Bengtsen. On investing in funding round Henry Cashin, Head of EMEA at Fin VC, commented: “Nimbla is giving businesses the confidence to trade again. They have a proven credit risk model and its tech is being adopted by top tier banks and a host of lending platforms. We believe this will scale their reach and help more businesses benefit long term”. Looking ahead, Flemming Bengtsen commented: “UK companies have added £1.9tn debt in 2020 to their balance sheets, taking the total amount outstanding to over £6.6tn. This number was inflated by the various government loan schemes. Over half of them are carrying ‘toxic debts’ which carries enormous risk for their trade creditors, there is a huge opportunity and responsibility for Nimbla to give companies a peace of mind and insure their invoices against insolvencies”. About Nimbla Nimbla makes sure businesses get paid for their hard work, even if a customer becomes insolvent. Founded in 2016, the company is on a mission to give SMEs the confidence to trade with a peace of mind using invoice insurance. Nimbla’s digital insurance platform backed by expert risk analysts, allows businesses to check a buyer’s ability to pay and insure individual invoices against non-payment in a fast and affordable way. This will enable business owners to safeguard against insolvent customers, expand into new and existing markets and secure better borrowing terms. The platform can be accessed directly (www.nimbla.com) and through partnerships with Barclays and insurance brokers. Based in London, Nimbla aims to bring the trade credit industry into the 21st century. Challenging traditional insurance models, the cover is flexible and adapts to fit your business — whether it’s a one-off invoice or multiple transactions. Contact Details Nimbla Bilal Mahmood +44 7714 007257 b.mahmood@stockwoodstrategy.com Company Website https://www.nimbla.com/

November 03, 2021 08:00 AM Eastern Daylight Time

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SMEs “keep calm and carry on” despite rising costs from suppliers

Stockwood Strategy

Supply chain issues and increasing costs have impacted SMEs countrywide and yet they seem to be handling it in their usual resilient stride. Fintech business lender MarketFinance asked 1,000 SME owners 1 across the UK how they are managing rising supplier prices, what measures they have put in place and sought their long term outlook on the increasing costs of doing business. Supplier costs Four out of five (79%) SMEs have faced increased prices from suppliers over the past 6 months. An increase of cost of raw materials was the top ranked rationale for price increases by suppliers, most keenly felt by businesses in the north west of England (85%). This was followed by staff shortages, the ongoing impact of the pandemic slowdown and supply chain disruptions owing to a shortage of truck drivers. Across the UK, a quarter of SMEs reported supplier prices have almost doubled over the past 6 months. Impact A third of SMEs (32%) have been able to absorb the increased costs without passing them on to customers, suggesting that these businesses have the necessary cash reserves to handle the impact. Only a fifth (21%) are passing a portion of the increased costs onto customers. Businesses in the south west of England and Northern Ireland are least likely to absorb the costs while businesses in the north west and Yorkshire are the most likely to do so. Their customers are proving to be equally understanding of the wider supply chain situation with only a fifth (20%) challenging business owners about the price rises. Outlook Looking ahead to the festive season, SMEs feel they will be able to manage the situation but some could increase prices if the pressure gets too much. Two fifths reported they could increase their prices by as much as 10% in the run up to Christmas. Longer term, three quarters (73%) of SMEs are already preparing for the current higher prices to be the norm until at least the end of 2022. A third of SMEs (34%) have taken out loans or are using other finance facilities to manage the increased cost of doing business. Anil Stocker, CEO at MarketFinance, commented: “ The current economic environment with rising costs is presenting some headwinds and headaches for SME owners but they are proving to be as resilient as ever. The vast majority have been thinking ahead and accounted for the longer term scenario, which will hold them in good stead to do business. It’s great to see that SME owners are taking the long view and preserving their customer relationships and managing suppliers by having a finance facility in place to deal with the overhead for now. The British Business Bank announced last week that it will extend its Recovery Loan Scheme to June 2022. This extension will give SMEs easier access to more affordable finance they need to continue running and growing operations in the face of ongoing challenges such as staff shortages and supplier price increases.” 1 Research findings based on a survey of 1,000 UK companies (who are employers with a minimum turnover of £100,000) conducted for MarketFinance in October 2021 by LMRMC Research (a Market Research Society approved partner and ESOMAR corporate member). About MarketFinance MarketFinance is a fintech business lender which believes that SMEs are building the world. By making finance frictionless, they’re solving the cash flow issues getting in the way of progress. MarketFinance uses smart technology to deliver better access to faster, more affordable finance; with one-to-one help whenever businesses need it. Since 2011, MarketFinance has advanced over £2.6 billion worth of invoices and loans, enabling thousands of UK businesses to bridge today’s funding gaps and fuel tomorrow’s big ambitions. MarketFinance is an accredited Recover Loan Scheme lender and has a wide-reaching network of strategic partners including Barclays Bank UK PLC, Tide, Equals Group and Ebury. MarketFinance is backed by Barclays Bank UK PLC, Mouro Capital, Paul Forster (co-founder of Indeed.com) European venture capital fund Northzone (invested in Klarna, iZettle and Trustpilot), Viola Capital and private equity group MCI Capital (also invested in iZettle, Azimo and Gett). Contact Details MarketFinance Bilal Mahmood +44 7714 007257 b.mahmood@stockwoodstrategy.com Company Website https://marketfinance.com/

November 02, 2021 10:00 AM Eastern Daylight Time

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Mattress Concierge Replaces 2,600 Mattresses at Foxwoods Resort Casino

Mattress Concierge

Mattress Concierge recently completed replacing mattresses for 1,948 hotel rooms, totaling 2,600 mattress, for Foxwoods Resort Casino in Mashantucket, CT. As the largest resort casino in North America, Foxwoods offers guests a premier destination resort experience throughout its AAA Four-Diamond hotels. Foxwoods has also been named the Best Casino Outside of Las Vegas in the USA Today’s 10 Best Reader’s Choice Awards. “At Foxwoods we pride ourselves on providing our guests with the ultimate destination experience, and knew how important it was that the sleep configuration was as thoughtfully considered as every other resort amenity,” said Chris O’Connell, Vice President of Hotel Operations at Foxwoods. “We were so impressed by the attention to detail in Mattress Concierge’s hand-crafted, comfortable and durable mattresses which made them the ideal partner. They offer our guests a luxurious sleep experience that enhances their stay while at Foxwoods.” Mattress Concierge started work on this project in August 2019 when the resort was making upgrades to The Grand Pequot Tower, which features an exquisitely appointed lobby and twenty-three stories of deluxe rooms and suites. Mattress Concierge also replaced mattresses in The Great Cedar Hotel, which is right in the middle of all the action, and The Villas, which are appointed with beautiful amenities, dedicated butler service, in-room dining, and seamless access to Foxwoods’ exciting offerings. The 1,700 mattresses were handcrafted, delivered, and installed in just two months from purchase order to delivery. COVID-19 delayed the completion of the project until this September, when Mattress Concierge was able to replace 900 additional mattresses for the 30-floor Fox Tower, which boasts modern design and beautifully appointed rooms. This second stage of the project took just six weeks from purchase order to delivery. “We are honored with the trust Foxwoods Resort Casino places in Mattress Concierge to furnish their guests with the ultimate sleep experience at any hotel on the property,” Rob Richards, Managing Director of Mattress Concierge said. “We are particularly pleased with the fact that we could meet the timeframes in which this multi-stage project required for completion. Following the executive purchasing team’s visit to the factory in Hartford, we earned the right to be the exclusive mattress supplier to the largest resort casino in North America.” About Mattress Concierge Mattress Concierge has been providing mattresses to the most discerning clients in the hospitality industry since 2010. These exceptional mattresses are sought after by four- and five-star luxury hotels, inns, resorts and boutique hotels. Mattress Concierge can also custom-design mattresses to meet hotel owners’ particular needs, combining superior quality, comfort and durability. For more information, visit www.mattressconcierge.com. About Foxwoods Resort Casino As the largest resort casino in North America, Foxwoods Resort Casino offers guests a premier destination resort experience throughout its six world-class casinos; AAA Four-Diamond hotels featuring over 2,200 rooms; dining options for all tastes; luxurious spas; award-winning golf; state-of-the-art theaters; Tanger Outlet Mall; conference space for groups of all sizes; and free online casino games at FoxwoodsONLINE.com. There is always something new at Foxwoods, most recently the arrival of Foxwoods Extreme Adventures. Adventure knows no limit as guests can zipline or race around on a European-style indoor karting track. Foxwoods Resort Casino truly is The Wonder Of It All, providing a personalized and exciting escape for everyone. Foxwoods, opened in 1992, is owned and operated by the Mashantucket Pequot Tribal Nation. For a detailed look at Foxwoods Resort Casino and Mashantucket Pequot Tribal Nation visit Foxwoods.com. Contact Details Mattress Concierge Robert Richards +1 860-395-9371 rrichards@mattressconcierge.com Company Website http://www.mattressconcierge.com

November 02, 2021 10:00 AM Eastern Daylight Time

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Monarch Apartment Homes Reaches Milestone and Breaks Ground in Palm Springs

Community Housing Opportunities Corporation

The first affordable housing complex in Palm Springs in more than 12 years is moving forward. The Monarch Apartment Homes, a 60-unit affordable housing community located in Palm Springs, CA, officially broke ground on October 28. Under development by the Community Housing Opportunities Corporation (CHOC ), an organization dedicated to expanding affordable housing, the complex serves as an excellent example of how the affordable housing challenge can be solved in cities throughout the state. The CHOC Monarch Apartment Homes is expected to be completed in 2023. “It has been stated that housing is a human right,” said Manuela Silva, CEO of CHOC. “Affordable housing allows residents to live in cities that they would not otherwise have been able to afford. As a result, residents have better school choices.” Dignitaries present at the groundbreaking included California State Treasurer Fiona Ma, Palm Springs Mayor Christy Holstege, City Councilmembers Lisa Middleton and Dennis L. Woods, Lift to Rise CEO Heather Vaikona, 4 th District Riverside County Supervisor V. Manuel Perez and CHOC CEO Manuela Silva. Heather Vaikona was the event’s master of ceremonies. “Governor Gavin Newsom has allocated $500 million of state low-income housing tax credits over the last three fiscal years. That is significant in making projects like this,” said California State Treasurer Fiona Ma. “It also has made our bonds competitive because the state tax credits need to be combined with the bonds.” In partnership with the city under a Disposition Development Agreement (DDA), CHOC will develop the land with rental apartments consisting of one-, two- and three-bedroom units. The project is financed by California Municipal Finance Authority (CMFA), the City of Palm Springs, the County of Riverside, Flagstar Bank, the California Community Reinvestment Corporation (CCRC), California Tax Credit Allocation Committee (CTAC), and California Debt Limit Allocation Committee (CDLAC). “The full city council has unanimously supported this project and our partnership with CHOC includes donating this beautiful and valuable piece of land we are standing on today to the developer appraised at $840,000 contributing an additional $1.8 million of city funds to get this project done,” said Palm Springs Mayor Christy Holstege. “We covered $250,000 in permit fees so the total contribution of nearly $3 million to cover the gap to support CHOC to get this done.” “Like many of our cities, the area is heavily reliant on hardworking, low-income workers that are the backbone of many industries here, yet they often have to choose between paying for housing versus other necessities such as childcare, food, and healthcare,” adds Silva. “This is the first new affordable housing property in 12 years and there is more to come. I am proud of Riverside County, the City of Palm Springs, the mayor and our council members,” said Supervisor V. Manuel Perez. The $31 million complex includes sloping rooftops that mimic the monarch butterfly, and natural desert plants to blend in with the surrounding communities. The development sits on a 3.62-acre vacant parcel of land owned by the City of Palm Springs Successor Redevelopment Agency. The property is located at the Southeast corner of N. Indian Canyon and San Rafael Drive in the Upper Westside One Palm Springs Neighborhood. In partnership with the city under a Disposition Development Agreement (DDA), CHOC will develop the land with rental apartments consisting of one-, two- and three-bedroom units. All units will have balconies or patios with a community building for a computer classroom, a rental office, and a community lounge that can be used for group functions. Amenities include a dog park, a Monarch Park splash pad – which is a water feature with a deck area that is integrated into the main open space adjacent to a children’s play area as well as two BBQ areas. Designed under the direction of Maria Song, AIA, LEED & AP, principal with the Palm Springs-based architectural firm Interactive Design Corporation, (IDC) and HKIT Architects, the complex will blend in with the surrounding neighborhood, which is known for its mid-Century modern design influence. The property will be constructed by davisREED Construction, Inc., whose breadth of national experience ranges from five-star resorts to public works and other hotels including the Kimpton Rowan in Palm Springs, which was named among the Condé Nast Best New Hotels List. ### About The Community Housing Opportunities Corporation (CHOC): Founded in 1984, the Community Housing Opportunities Corporation (CHOC) is a non-profit, affordable housing developer based in Fairfield, California with offices in Palm Springs, creates and manages equitable communities for individuals, families, seniors, and those with special needs. CHOC believes that economically integrated affordable housing is key to self-sufficiency and is achievable with enriching, supportive programs that give pride to residents, stabilize families, and improve local economies. Visit www.chochousing.org to learn more. Contact Details The Hoyt Organization Cinnamon Thompson +1 310-933-6836 cthompson@hoytorg.com Company Website https://www.chochousing.org/

October 29, 2021 12:53 PM Pacific Daylight Time

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Cyvatar Named Finalist in Computing Security Excellence Awards 2021

Cyvatar

Cyvatar today announced that it has been chosen as a finalist in Computing’s Security Excellence Awards 2021 for the Small and Medium Enterprise (SME) Security Solution Award. Computing celebrates the achievements of the IT industry's leading security companies, solutions, products, and personalities that keep every other part of the industry operating. Award categories include product- and project-related recognition, organizational achievements, and accolades for outstanding individual success. Computing selected Cyvatar for its cybersecurity-as-a-service (CSaaS) platform, designed with SMEs in mind. SMEs are increasingly at the mercy of ransomware attacks, phishing scams, and other cyber threats, but unlike larger orgs, most SMEs don’t have the budget or expertise to invest in comprehensive in-house security programs. Moreover, they struggle to show value from the security tools they do buy. Cyvatar CSaaS democratizes cybersecurity, making the best protection accessible and affordable for any SME regardless of budget, even if they have no cybersecurity expertise in-house. Customers can select the membership and pricing that meet their desired business outcomes in seconds; a freemium model ensures they can achieve tangible results fast with no out-of-pocket costs--an industry first. And they can cancel anytime--another industry first. “We don’t throw technology over the wall and expect our customers to figure it out themselves the way many product companies do,” said Corey White, Cyvatar co-founder and chief executive. “We deliver all three pillars of cybersecurity—the teams, technology solutions, and best practices—to SMEs that would not otherwise be able to implement them. Our subscription model ensures they don’t end up buying solutions they can’t use or don’t need, and our platform lets them see at a glance what’s going on in their environment to give them the best cyber prevention available.” Cyvatar offers its proprietary ICARM™ (install, configure, assess, remediate, maintain) methodology to deliver smarter, more efficient solutions, allowing SMEs to achieve security compliance and cyber-attack prevention faster and more effectively. ICARM ensures SMEs won’t get crushed under the weight of too many products, and guaranteed outcomes mean they get maximum value from their technology spend. Choose the Cyvatar membership with the best outcomes for your business today. About Cyvatar Cyvatar is committed to effortless cybersecurity for everyone. As the industry’s first subscription-based, cybersecurity-as-a-service (CSaaS) company, it’s our mission to transform the way the security industry builds, sells, and supports cyber solutions. We empower our members to achieve successful outcomes by providing expert practitioners, market-leading technologies, and proven best practices to guarantee business results. Our approach is rooted in a proprietary ICARM (installation, configuration, assessment, remediation, maintenance) methodology that delivers measurable security solutions for superior compliance and cyber-attack prevention, all bundled into a fixed monthly subscription that members can cancel anytime. Cyvatar is headquartered in Irvine, California, with locations around the world. Begin your journey to security confidence at cyvatar.ai and follow us on LinkedIn and Twitter. Contact Details Cyvatar Dan Chmielewski +1 949-231-2963 dchm@madisonalexanderpr.com Company Website https://cyvatar.ai/

October 28, 2021 08:00 AM Eastern Daylight Time

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Chaney Enterprises to Open New Concrete Plant in Leesburg, Virginia

Chaney Enterprises

Chaney Enterprises, a ready-mix concrete, aggregates, custom blends, and related construction supplies provider, announces a new concrete plant location in Leesburg, Virginia due to open operations first quarter of 2022. Chaney Enterprises’ new ready-mix concrete plant in Loudoun County will be located at 42824 Durham Court and will service the thriving Leesburg market. This new facility will be a state of the art, completely enclosed Treyco Outlaw with a high-capacity output, capable of 200 yards per hour. “We are elated to announce this addition to our footprint in Northern Virginia. In addition to this ultramodern facility, local customers in the northern Virginia construction market will have access to numerous technology offerings as well as our remarkable team members who make up the best and most passionate in the industry,” stated Francis “Hall” Chaney, III, chief executive officer for Chaney Enterprises. Customers in this market can also access Chaney’s portable concrete plants and new concrete pumping division, CE Pumping. To keep track of orders, customers are encouraged to take advantage of the convenient Chaney Customer App. This app allows for both concrete and aggregate customer to check their order status, verify their delivery date, change the quantities of products ordered, and most importantly get the real time location and delivery status of their order. The new Leesburg concrete plant will be Chaney Enterprises’ seventh concrete plant in the Northern Virginia market along with Lorton, Gainesville, Bealeton, Stafford, Spotsylvania, and King George. About Chaney Enterprises Founded in 1962 by Eugene “Babe” Chaney and built on a foundation of integrity, every member of the Chaney Enterprises team pours their heart and soul into every job. Chaney is passionate about providing ready-mix concrete, sand, gravel, stone, blended soils, and related construction supplies to its customers throughout Maryland, Washington, D.C., Virginia, and Delaware by land, sea, and rail. From its headquarters in Gambrills, Md., the company operates 40 ready-mix concrete plants, 12 sand and gravel facilities, CE Pumping, and BuilderUp, a professional building supply operation with locations in Waldorf and Owings, Md. For more information visit ChaneyEnterprises.com. Contact Details Erica Magdelinskas +1 301-932-5855 emag@chaneyenterprises.com

October 26, 2021 12:00 PM Eastern Daylight Time

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THRIVE HOME BUILDERS A TWELVE-TIME WINNER OF THE DEPARTMENT OF ENERGY GRAND AWARD IN HOUSING INNOVATION

Thrive Homebuilders

Denver-based Thrive Home Builders is now a 12-time Grand Award winner in the U.S. Department of Energy’s (DOE) Housing Innovation Awards. The award recognizes U.S. builders deemed experts in the field of high-performance, energy-efficient homebuilding and whose homes meet the rigorous technical requirements specified by the DOE’s Zero Energy Ready program. Thrive received the Grand Award in the Single-Family Home category for its Zero Energy Revive model, a 3,393-square-foot, five-bedroom, four-and-a-half-bathroom home located within the master-planned community of Central Park, formerly known as Stapleton, in Denver. The Revive plan is part of Thrive’s Vitality Collection of homes priced starting at just over $1 million. “It’s never been more important to build healthy, energy-efficient homes that are priced for families,” said Thrive Home Builders CEO Gene Myers. “Despite the difficulties of the past year, our team truly believes that we need to make our communities and world a better place.” Both Thrive and its pioneering founder Gene Meyers have been recognized since the DOE founded the Housing Innovation Awards in 2013. As one of the largest builders of Zero Energy Ready homes in the country, Thrive is known for its industry-leading, LEED-certified, Zero Energy Ready homes throughout metro Denver. Vitality is a collection of 39 Zero Energy homes that incorporate cutting-edge, zero energy building techniques with uncompromised functional and authentic design resulting in zero-carbon, all-electric, LEED Platinum-certified, Indoor airPLUS-qualified, solar-powered single-family homes. “Thrive Home Builders and its fellow winners are leading a major housing industry transformation that improves the way Americans live by substantially reducing or eliminating utility bills, ensuring engineered comfort way beyond traditional homes, protecting health with a comprehensive package of indoor air quality measures, and helping owners maximize the largest investment of their lifetime,” said Sam Rashkin, former Chief Architect at the U.S. Department of Energy’s Building Technologies Office. Built in collaboration with Pro Builder Magazine and EEBA, the Energy & Environmental Building Alliance, the Revive Model Home is referred to as “The Ultimate Z.E.N. (Zero Energy Now) Home.” Pro Builder Magazine followed and reported on the construction of this home and ultimately featured the home on the cover of its October 2020 issue. The home was the featured attraction during EEBA’s 2021 High-Performance Summit in Denver. Only a select group of the top builders in the country meet the extraordinary levels of excellence and quality specified by the U.S. Department of Energy, but as the market for residential zero energy (ZE) buildings continues to grow across the United States, Thrive is leading the way. About Thrive Home Builders Thrive Home Builders has been a leader in the design and construction of energy-efficient homes since 1992. Thrive has long been recognized as a pioneer in zero energy building, and the company is repeatedly recognized by industry associations for its sustainable construction of single-family homes and rowhomes. The company continues to lead the homebuilding industry into the next frontier by building well-crafted homes that promote both energy efficiency and homeowners’ wellness. Every home is built LEED certified, Indoor airPLUS qualified and solar powered, and Thrive is the largest builder of Zero Energy Ready homes in the country. Its award-winning homes are available throughout Denver and its suburbs. For more information, visit www.thrivehomebuilders.com. Contact Details Center Reach Communications Tracy Henderson +1 720-989-3530 tracy@centerreachcommunication.com Company Website https://www.thrivehomebuilders.com/

October 26, 2021 09:04 AM Eastern Daylight Time

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Independent Proxy Advisory Firm ISS Recommends Common Stockholders Vote “FOR” All Special Meeting Proposals

Wheeler Real Estate Investment Trust, Inc.

Wheeler Real Estate Investment Trust, Inc. (the “Company” or “WHLR”) (NASDAQ: WHLR) today announced that independent proxy advisory firm, Institutional Shareholder Services (“ISS”), has recommended in its report issued on October 25, 2021 that WHLR common stockholders vote “FOR” all of the proposals in the Definitive Proxy Statement filed by the Company on October 4, 2021 relating to the removal of any cumulative dividend rights of holders of the Company’s Series A Preferred Stock and Series B Preferred Stock. WHLR notes that ISS is now the second independent proxy advisory firm to recommend stockholders vote “FOR” all of the proposals at the Company’s November 3, 2021 Special Meeting of Common Stockholders following the recommendation from another leading proxy advisor firm, Glass Lewis, in a report issued on October 7, 2021. In its report issued yesterday, ISS stated, [1] “The company has faced pressure from activist investors over the past several years, which has led to a fully reconstituted board and changes in executive management. The proposed changes to the terms of the preferred shares appear to be one of the steps of the turnaround effort undertaken by the board.” And “Notwithstanding the opposition from the holder of preferred shares [2], support for each proposal is warranted as the rationale for the proposed amendment appears reasonable given that the elimination of cumulative preferred dividends would improve the company's financial condition and not otherwise adversely impact the rights of common shareholders.” [1] Permission to use quotations neither sought nor obtained. [2] ISS, in its report, is referring to Steamboat Capital Partners and its Schedule 13D/A filed with the Securities and Exchange Commission on October 14, 2021. WHLR common stockholders are reminded that their vote is important, no matter how many or how few shares they own. The Company’s board of directors recommends that common stockholders vote “FOR” all of the proposals at the Company’s November 3, 2021 Special Meeting of Common Stockholders. If you would like copies of the Definitive Proxy Statement filed by Wheeler in connection with the 2021 Special Meeting, have questions about any of the proposals, or require assistance voting your shares, please call the firm assisting us on this matter: Okapi Partners LLC 1212 Avenue of the Americas, 24th Floor New York, New York 10036 + 1 (212) 297-0720 (Main) + 1 (877) 566-1922 (Toll-Free) Email: info@okapipartners.com About Wheeler Real Estate Investment Trust, Inc. Headquartered in Virginia Beach, VA, Wheeler Real Estate Investment Trust, Inc. is a fully integrated, self-managed commercial real estate investment trust (REIT) focused on owning and operating income-producing retail properties with a primary focus on grocery-anchored centers. Please visit: www.whlr.us Forward-Looking Statements This press release and related discussions should be read in conjunction with the Company’s Annual Report on Form 10-K for the year ended December 31, 2020 and other reports filed with the Securities and Exchange Commission. This press release and related discussions contain forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve risks, uncertainties, and assumptions that are difficult to predict. These forward-looking statements include information concerning the Company’s plans, objectives, goals, strategies, future events, future revenues, performance, capital expenditures, financing needs and other information that is not historical information. Such forward-looking statements reflect management’s current expectations concerning future events and results of the Company. These statements are not guarantees of future performance and are subject to risks, uncertainties and other factors, some of which are beyond our control, are difficult to predict and could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements. Given these risks and uncertainties, stockholders should not place undue reliance on forward-looking statements as a prediction of actual results. Unless required by law, the Company assumes no obligation to update or provide revision to any forward-looking statement at any time for any reason. Contact Details Proxy Information Okapi Partners LLC +1 877-566-1922 info@okapipartners.com

October 26, 2021 08:18 AM Eastern Daylight Time

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