News Hub | News Direct

Real Estate

Commercial Home Building Property Management REIT Real Estate Residential
Article thumbnail News Release

The Spring District Achieves LEED Certification for Neighborhood Development

Wright Runstad

Wright Runstad & Company (“Wright Runstad”) and Shorenstein Properties, LLC (“Shorenstein”) today announced that The Spring District has been awarded ‘LEED for Neighborhood Development’ (LEED-ND) certification for mixed-use development. The LEED-ND designation looks beyond the scale of buildings to consider entire communities and is a set of performance standards engineered to inspire and help create more sustainable, well-connected neighborhoods. “We have maintained a focus on sustainability and environmental stewardship throughout the development of The Spring District,” said Greg Johnson, CEO of Wright Runstad. “Our goal since the beginning was to create a vibrant, connected community where sustainability is a central pillar, and where residents can work, live and play in the heart of the East Side, while enjoying walkable streets, open spaces and independent shops. Achieving LEED certification is a significant milestone in delivering on this vision.” Located just east of downtown Bellevue, Washington, The Spring District was designed at a pedestrian scale, and the following features were central to achieving LEED-ND certification: Access to transit: The Spring District neighborhood is centered around Sound Transit’s new Eastlink Spring District / 120 th station, which will provide high quality and rapid transit connections to downtown Seattle, Bellevue and Redmond in 2023. Additionally, a bus rapid transit stop is a short quarter-mile walk from the site. Connectivity to the region was a key sustainable principle considered during the original design process. Walking and biking: Internal tree-lined roadways were limited to two lanes to enhance and promote the pedestrian and bicycle experience. A multi-purpose path and cycle track provide a protected bicycle connection to Eastrail, a 42-mile-long trail connecting Renton, Bellevue, Redmond and Woodinville. Additionally, a regional bike facility with bike storage, showers and locker room was constructed adjacent the light rail station to provide a hub for cyclists commuting to The Spring District and for those continuing further via light rail. Water control and native habitat: The previous industrial land use had little to no native vegetation or public open space. To date, over four acres of open spaces – with native plants and trees – have been constructed, planted and opened for public enjoyment. In addition, all surface water rain run-off is treated using bioretention cells before leaving the site to preserve and enhance the adjacent wetlands and waterways. Parking: To minimize the environmental impact associated with parking structures – including traffic congestion, carbon emissions and material consumption – The Spring District received both occupant and city support to build parking at a lower ratio than the city requires in its standard code language. This strategy will encourage the use of alternative and more sustainable forms of transportation to and from the neighborhood. In addition to this LEED-ND certification, all future projects at The Spring District will be designed with a sustainability objective. To date, The Spring District has delivered over 800,000 square feet of LEED certified buildings, with an additional 650,000 square feet of LEED Silver-targeted projects currently under construction and another 530,000 square feet currently under design and permitting review. “From initial design to completion, The Spring District is an incredible example of how sustainable mixed-use communities can attract residents, shoppers and businesses alike,” continued Mr. Johnson. “A vibrant, thriving community with over 800 residential units, millions of square feet of office and tens of thousands of square feet of retail now flourishes where there used to be only an industrial use site.” With room to grow, The Spring District will continue to expand as a preeminent sustainable community in the Puget Sound region. More information about The Spring District can be found at www.thespringdistrict.com. About Wright Runstad & Company: Seattle-based Wright Runstad & Company develops, acquires, manages and leases high-quality commercial office and mixed-use buildings located primarily in the Pacific Northwest. The company is in its fifth decade as one of the region's premier real estate development and operating companies, delivering outstanding property performance and superior investment returns. Wright Runstad & Company maintains an exceptional reputation among tenants and institutional investors for its demonstrated commitment to integrity and high levels of quality and service. For additional information visit www.wrightrunstad.com. About Shorenstein Properties: Founded in 1960, Shorenstein Properties LLC is a privately-owned, real estate firm that owns and operates high-quality office, residential and mixed-use properties across the U.S., with offices in San Francisco and New York. Since 1992, Shorenstein has sponsored twelve closed-end investment funds with total equity commitments of $8.8 billion, of which Shorenstein committed $723.5 million. The firm uses its integrated investment and operating capabilities to take advantage of opportunities that, at the particular time in the investment cycle, offer the most attractive returns. Investments have included ground-up developments, asset repositioning and stabilized assets; investment structures have included asset acquisitions, mezzanine loans, preferred equity investments and structured joint ventures. More information is available at www.shorenstein.com. Contact Details Forrest Carman +1 206-859-3118 forrestc@owenmedia.com Company Website https://liverainiersquare.com/

January 12, 2022 09:00 AM Pacific Standard Time

Article thumbnail News Release

American Home Benefit Announces New Strategic Partnership

American Home Benefit

It is with great excitement that American Home Benefit (AHB) announces a partnership with MoveEasy; a concierge for life service available through an online platform, a mobile app, voice services through Alexa & Google Home, and includes a dedicated personal assistant that helps your clients complete all of their moving and home management tasks in one place including mortgage, insurance, moving, home warranty, utilities, internet, home security, change of address and more. Move Easy and American Home Benefit share a common passion for client care and customer services. Both were born out of the innate belief that the process of moving should be enjoyable rather than complicated and overwhelming. "American Home Benefit works every day to bring a seamless and transparent suite of real estate services to companies and their employees throughout the country; partnering with Move Easy was an absolute win for us in our continued pursuit to make the real estate process more enjoyable." said Andy Sachs, founder and principal of AHB. MoveEasy's VP of Strategic Partnerships, Travis Bailey said: “MoveEasy couldn’t be happier to work with American Home Benefit, and this partnership comes at a very opportune time. In September we launched our completely redesigned User Interface, and we fully expect it to take the client experience to the next level while making it simpler for American Home Benefit clients to move and maintain their homes. Enabling clients the ability to access anything they may need as a home owner, such as finding a mortgage provider, setting up home security, utilities, internet, or finding a reputable moving service.” AHB can now offer a more robust and well-rounded offering. Mr. Bailey went on to say: “This new user interface marks the beginning of our home ownership lifetime concierge platform. American Home Benefit clients will have access to the online platform, mobile app, Alexa & Google Home integration, as well as their dedicated concierge service for anything they might need as long as they are homeowners. Furthermore, this fall we will be launching our homeownership dashboard that will include a wealth of new features for all homeowners.” Mr. Sachs added "that this partnership is the next logical step in the AHB's evolution to serve employee's evolving and continuous real estate needs from purchase through ownership and eventual sale." American Home Benefit is the no-cost benefit that connects employees to a growing network of trusted service providers that can turn stressful real estate transactions and ownership into wonderful experiences. Contact Details American Home Benefit Andy Sachs +1 475-275-0085 asachs@americanhomebenefit.com Company Website https://americanhomebenefit.com/

January 12, 2022 11:36 AM Eastern Standard Time

Article thumbnail News Release

Legal & General Study on U.S. Millennials and Housing Quantifies Impact of Student and Medical Debt as Barriers to Home Ownership

Legal & General

36% of millennials report student debt a major barrier to saving for a down payment on a home While saving for a down payment is top priority for 45% of millennials, 26% prioritize first paying off student loans and 12% would first pay off their medical debt Only 60% of millennials surveyed carry their own health insurance Student debt has arguably affected the millennial generation more adversely than any other age cohort, with many 25- to 40-year-olds feeling financially crippled by the skyrocketing cost of college tuition at a crucial point in their lives, along with other economic challenges. Today, the fifth and final part of a broad new study conducted by Legal & General Group, U.S. Millennials and Home Ownership – A Distant Dream for Most, is released, diving into the role of student and medical debt in creating a vicious cycle that keeps millennials from saving and building credit to purchase their own home. In the research, survey subjects repeatedly called for cancellation of oppressive student debt. This fifth segment of the data-rich study, Student Debt and Cost of Healthcare Turn Saving, Credit Building into a Vicious Cycle for Millennials, looks at one final aspect of the multi-faceted conundrum the generation faces in gaining a foothold on the home ownership ladder. The research finds that a significant portion of college-educated millennials feel student debt has affected their ability to buy a home. Among those surveyed, 40 percent reported that it had exercised a “moderate” to “very strong” impact on their plans. Meanwhile, among millennials the study surveyed, 51 percent had received an unexpected medical bill over $2,000, while only 60 percent held their own health insurance. The study looks at why millennials in particular have been so strongly affected by the similarly rocketing costs of education and medical coverage. Legal & General Group Chief Executive Sir Nigel Wilson commented: “Student loan debt is a leading contributor to the economic imbalance our research identifies, meaning that saving for a down payment to purchase is a distant rather than near-term goal for many U.S. millennials. It has put this generation at a considerable disadvantage in terms of parlaying their hard-won education into wealth, in the form of home ownership.” Study Co-Author and Legal & General Corporate Affairs Director John Godfrey adds: “Traditionally, health insurance in the U.S. has been a benefit provided by corporations to their employees. But a confluence of factors, from the Great Recession to the rise of the Gig Economy, have affected the degree to which younger Americans were covered during this critical time, or had to purchase their own policies. When you add the cost of health insurance plans and medical debt to the student loan burden, it’s less surprising that the percentage of U.S. millennial homeowners is at a historic low.” Legal & General’s study looks not only at the inequities set up by student and medical debt, but also at demographic choices based on particular millennial age and life stage, and at various drivers shaping these choices. This final segment of the study wraps up our survey of the various obstacles that are hindering millennials in their home ownership quest. # # # Media Contact: For more information on the 2021 U.S. Millennials and Home Ownership study, or to see a copy of Part 5 of the report, please contact: Meir Kahtan: mkahtan@rcn.com +1 917-864-0800 Meir Kahtan Public Relations, LLC Notes To Editors The information contained in this press release is intended solely for journalists and should not be relied upon by private investors or any other persons to make financial decisions. About the Study Legal & General undertook proprietary research into the attitudes and changes, as well as geographic shifts, U.S. Millennials are experiencing in relation to home purchases and affordable housing. The U.S. Millennials and Home Ownership research was compiled using original survey data 875 U.S. based Millennials who don’t own a property, then segmented into three distinct age groups and other demographic markers. The survey work was carried out by Legal & General. Fieldwork was undertaken during March and April 2021. All surveys were carried out online. About Legal & General Group Established in 1836, Legal & General is one of the UK’s leading financial services groups and a major global investor, with international businesses in the U.S., Europe, Middle East and Asia. With over $1.4 trillion in total assets under management, Legal & General is the UK’s largest investment manager for corporate pension schemes and a UK market leader in pension risk transfer, life insurance, workplace pensions and retirement income. Contact Details Meir Kahtan +1 917-864-0800 mkahtan@rcn.com Company Website https://www.legalandgeneralgroup.com/

January 12, 2022 11:30 AM Eastern Standard Time

Article thumbnail News Release

GENERATION INCOME PROPERTIES CONTINUES TO ADD TO PORTFOLIO WITH CLOSING OF $3.1 MILLION CHICAGO ASSET

Generation Income Properties

Generation Income Properties, Inc. (NASDAQ: GIPR) (“GIP” or the “Company”) announced the closing of an approximately 11,000 SF medical building in Chicago, Illinois for total consideration of approximately $3.1 million on January 7 th, 2021. The building is occupied by Fresenius Medical Care (NYSE: FMS), which currently holds an investment grade credit rating of BBB- on the Standard & Poor's scale. The tenant has approximately 5 years remaining on its current lease term, with the option for the tenant to extend for two (2) consecutive five (5)-year periods, and annualized base rent of approximately $224,000. The Company funded the acquisition with approximately 50% cash and 50% debt. David Sobelman, President and Chief Executive Officer of GIP noted, “Adding another major market, investment grade asset to our portfolio with the proceeds from our IPO is a testament to the discipline we have to identify, underwrite and perform on our acquisitions process for our shareholders." About Generation Income Properties Generation Income Properties, Inc., located in Tampa, Florida, is an internally managed real estate investment corporation formed to acquire and own, directly and jointly, real estate investments focused on retail, office and industrial net lease properties located primarily in major United States cities. Additional information about Generation Income Properties, Inc. can be found at the Company's corporate website: www.gipreit.com. Forward-Looking Statements This press release, whether or not expressly stated, may contain "forward-looking" statements as defined in the Private Securities Litigation Reform Act of 1995. The words “believe,” “intend,” “expect,” “plan,” “should,” “will,” “would,” and similar expressions and all statements, which are not historical facts, are intended to identify forward-looking statements. These statements reflect the Company's expectations regarding future events and economic performance and are forward-looking in nature and, accordingly, are subject to risks and uncertainties. Such forward-looking statements include risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such forward-looking statements which are, in some cases, beyond the Company's control which could have a material adverse effect on the Company's business, financial condition, and results of operations. These risks and uncertainties include our limited operating history, potential changes in the economy in general and the real estate market in particular, the COVID-19 pandemic, and other risks and uncertainties that are identified from time to in our SEC filings, including those identified in our registration statement on Form S-11 (File No. 333-235707), which are available at www.sec.gov. The occurrence of any of these risks and uncertainties could have a material adverse effect on the Company's business, financial condition, and results of operations. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Any forward-looking statement made by us herein speaks only as of the date on which it is made. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof, except as may be required by law. Contact Details Generation Income Properties Investor Relations +1 813-448-1234 ir@gipreit.com Company Website https://www.gipreit.com

January 11, 2022 09:10 AM Eastern Standard Time

Article thumbnail News Release

TechnoPark Tower awarded LEED Platinum Green Construction Certificate

Vingroup

HANOI, VIETNAM - Media OutReach - 11 January 2022 - TechnoPark Tower in Vinhomes Ocean Park in the capital has been officially awarded the V4 LEED Platinum Green Building Certificate by the US Green Building Council. This is the world's most prestigious certification that honours green buildings for their capability to save energy and protect the environment. According to assessment results from the US Green Building Council, the LEED Platinum V4 version is the most difficult LEED rating level to date. To achieve this certificate, the TechnoPark Tower had to satisfy the nine most rigorous criteria from design to operation, including: integrated design, location and connectivity, sustainable location, efficient use of water, energy and atmosphere, materials and resources, indoor air quality, innovation initiatives and regional scores. TechnoPark Tower achieved a maximum score in many of the criteria. TechnoPark Tower has the ability to save up to 17.4 per cent of total annual energy consumption compared to the standard level, owing to energy-efficient solutions such as low-E insulating glass facades which helps to minimize heat transfer in both directions from outside to inside and from inside to outside; ventilation systems for the parking lot and the green roof, which helps to reduce the heat transfer coefficient; and solar panels on the lake's surface next to TechnoPark Tower to generate a renewable energy source for the tower. Inside the tower, nearly 3,000 Siemens motion sensors are installed to automatically turn the lights on in unoccupied areas, and there are on and off and dim lights in the parking basement to save energy. The entire exterior lighting system is controlled by a timer to reduce light pollution. More than 75% of the workspace enjoys natural daylight in the range of 300 lux to 3,000 lux, allowing tenants to reduce electricity consumption inside the building. In terms of water efficiency, TechnoPark Tower makes full use of rainwater collected at storage tanks to water plants, while using low-flow sanitary equipment to minimize water consumption at source. Greenery occupies 25 per cent of the total area of the building, with the highlight being the chill sky gardens where native drought-tolerant plants are grown to save water. In addition, to encourage tenants to use environmentally friendly transportation, there are multiple charging stations for electric vehicles in the tower's parking basement; there are also 660 bicycle parking slots as well as bathrooms for those who cycle to work. Moreover, right next to the tower's lobby is a smart electric VinBus pick-up point, promoting green transportation both inside and outside the complex. On top of these outstanding advantages, TechnoPark Tower is also equipped with many innovative smart features deployed by VinSmart. Before the LEED Platinum award in November 2021, TechnoPark Tower was honoured as the first building in Viet Nam to win Most Intelligent District award at the prestigious Digie Awards (USA). Having received prestigious world-class certifications and awards, TechnoPark Tower is gradually realizing its goal of becoming one of the Top 10 smartest buildings in the world. These are worthy achievements for a "heartfelt construction" marking the great progress of Viet Nam's stature on the global technology map. About LEED LEED (Leadership in Energy and Environmental Design) is the most widely used green building rating system in the world, developed by the United States Green Building Council (USGBC). Available for virtually all building types, LEED provides a framework for healthy, highly efficient, and cost-saving green buildings. LEED certification is a globally recognized symbol of sustainability achievement and leadership. Established in 1995, after several revisions and additions, LEED V4 is now the most updated and also the most demanding version with nine extremely strict scoring criteria. To be awarded the LEED certificate, the building must achieve a minimum of 40 - 49 points (equivalent to a Certified rating); in order to receive the highest Platinum certification, the building must achieve 80 points or more. Contact Details Vingroup Media Contact v.nammh@vingroup.net Company Website https://vinhomes.vn/en

January 11, 2022 08:30 AM Eastern Standard Time

Image
Article thumbnail News Release

American Equipment Holdings Expands Footprint to the Eastern United States via Acquisition of Eastern Crane

Rotunda Capital Partners LLC

American Equipment Holdings (“American Equipment”), a Rotunda Capital Partners portfolio company, has acquired Eastern Crane and Hoist (“Eastern Crane”), one of the Southeast’s premier providers of overhead crane systems and maintenance, repair and overhaul (MRO) field services. The acquisition of Eastern Crane is the fourth acquisition completed by American Equipment since partnering with Rotunda in May of 2021. Based in Fountain Inn, South Carolina, Eastern Crane will expand American Equipment’s geographic footprint to the Southeast, enabling both companies to extend their MRO field services and production reach to better serve their existing national and regional customers. American Equipment’s best-in-class quoting, engineering, new equipment and parts resources will also strengthen Eastern Crane’s value-proposition and solution capabilities for its longstanding blue-chip customer base. Collectively, American Equipment and Eastern Crane will pursue additional complementary acquisitions throughout the eastern and southern U.S. Eastern Crane is led by Mark Souza, Walt Cannon and Scott Walsh who will continue in their existing roles post-transaction. “We are thrilled to partner with Mark, Walt, Scott and the Eastern Crane team,” said American Equipment CEO Adam Zimmerman. “We are truly impressed with their company and customer-first culture they built over decades of hard work. The acquisition of Eastern Crane is the next cornerstone in our growth strategy of expanding our footprint through complementary acquisitions to deliver unprecedented value to overhead crane users across the country.” “I have been extremely impressed with American Equipment’s vision for the industry and our shared core values centered around providing exceptional experiences for our customers and employees,” said Mark Souza, president of Eastern Crane. “The entire Eastern Crane team looks forward to collaborating with American Equipment to build the premier overhead crane and hoist solutions provider in the U.S.” About American Equipment Holdings American Equipment Holdings is home to a collection of leading overhead crane and hoist distributors and field service providers, including American Equipment, Allied Crane, Eastern Crane, Pacific Crane & Hoist and Washington Crane & Hoist. The consolidated entity is one of the largest independently owned overhead crane and hoist solutions providers in the country, serving over 4,000 customers across 20 strategic locations throughout Alaska, Arizona, California, Colorado, Idaho, Nevada, New Mexico, South Carolina, Utah, Washington and Wyoming. Together, American Equipment Holdings provides comprehensive solutions for everything related to customers’ overhead crane and hoist needs, including OSHA mandated inspections, preventative maintenance and repair field services, parts, engineering, ISO certified fabrication, new and replacement equipment, automated systems, system modernizations and training. American Equipment Holdings represents the industry’s leading manufacturers such as Detroit Hoist, Columbus McKinnon, ACCO, R&M, Demag, Gorbel, Spanco, IMS, Harrington, Conductix, Magnetek & PE, among others, and customers rely on its service, design, engineering, fabrication, and installation capabilities to meet their unique application needs. American Equipment Holdings serves local, regional and national customers across a variety of end markets, including light & heavy industrial, automotive, mining, public utilities, military, aerospace & defense and energy, among others. For more, visit www.amquipinc.com. American Equipment is aggressively seeking to acquire other overhead crane and material handling equipment and service solution providers and is interested in acquisition opportunities presented by business owners, management, or M&A intermediaries. Please contact Harrison Furse, Vice President of Business Development at Rotunda, regarding acquisition opportunities. About Eastern Crane and Hoist Founded in 1979, Eastern Crane and Hoist is the Southeast’s leading provider of comprehensive overhead crane solutions, including OSHA mandated inspections, preventative maintenance and repair field services, parts, engineering, new and replacement equipment, and system modernizations. Eastern Crane is based in Fountain Inn, South Carolina. www.easterncrane.com. About Rotunda Capital Partners Rotunda Capital Partners is an operationally oriented private equity firm focused on transforming family-founder owned companies into dynamic, data-driven platforms able to achieve and manage significant growth. Since its founding in 2009, Rotunda has partnered with management teams to build great businesses within three primary sectors: value-added distribution, asset-light logistics and industrial & business services. Rotunda strives to achieve replicable results by implementing its Rotunda Performance System to create strategic alignment, develop lean processes and create robust, data-driven infrastructures. For more information, visit www.rotundacapital.com. Contact Details Rotunda Capital Partners Jill Lafferty +1 847-280-1295 jill@rotundacapital.com Company Website https://www.rotundacapital.com

January 11, 2022 07:43 AM Eastern Standard Time

Article thumbnail News Release

GENERATION INCOME PROPERTIES ANNOUNCES EXPANSION OF PORTFOLIO WITH CLOSING OF $4.7 MILLION ACQUISITION

Generation Income Properties

Generation Income Properties, Inc. (NASDAQ: GIPR) (“GIP” or the “Company”) announced the closing of an approximately 30,000 SF single-tenant retail building in Grand Junction, Colorado for total consideration of approximately $4.7 million on December 28 th, 2021. The building is occupied by Best Buy (NYSE: BBY), which currently holds an investment grade credit rating of BBB on the Standard & Poor's scale. There is approximately 5.5 years remaining on the building’s current lease term, with the option for the tenant to renew for one (1) five (5) – year period, and annualized base rental income of $353,000. The Company funded the acquisition with approximately 50% cash and 50% debt. “We are pleased to add another credit-quality asset to our portfolio in a high-growth market," noted David Sobelman, President and Chief Executive Officer of GIP, “This transaction highlights our continued focus on acquisitions and expanding our portfolio with high quality tenants across the US.” About Generation Income Properties Generation Income Properties, Inc., located in Tampa, Florida, is an internally managed real estate investment corporation formed to acquire and own, directly and jointly, real estate investments focused on retail, office and industrial net lease properties located primarily in major United States cities. Additional information about Generation Income Properties, Inc. can be found at the Company's corporate website: www.gipreit.com. Forward-Looking Statements This press release, whether or not expressly stated, may contain "forward-looking" statements as defined in the Private Securities Litigation Reform Act of 1995. The words “believe,” “intend,” “expect,” “plan,” “should,” “will,” “would,” and similar expressions and all statements, which are not historical facts, are intended to identify forward-looking statements. These statements reflect the Company's expectations regarding future events and economic performance and are forward-looking in nature and, accordingly, are subject to risks and uncertainties. Such forward-looking statements include risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such forward-looking statements which are, in some cases, beyond the Company's control which could have a material adverse effect on the Company's business, financial condition, and results of operations. These risks and uncertainties include our limited operating history, potential changes in the economy in general and the real estate market in particular, the COVID-19 pandemic, and other risks and uncertainties that are identified from time to in our SEC filings, including those identified in our registration statement on Form S-11 (File No. 333-235707), which are available at www.sec.gov. The occurrence of any of these risks and uncertainties could have a material adverse effect on the Company's business, financial condition, and results of operations. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Any forward-looking statement made by us herein speaks only as of the date on which it is made. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof, except as may be required by law. Contact Details Generation Income Properties Investor Relations +1 813-448-1234 ir@gipreit.com Company Website https://www.gipreit.com

January 04, 2022 04:30 PM Eastern Standard Time

Article thumbnail News Release

PCMA Private Client Appoints Casey Turner EVP, Enterprise Risk & Operations

PCMA

PCMA, the pioneer and leading voice in Non-Bank Private Client Lending, announced the hiring of industry veteran Casey Tuner, EVP, Enterprise Risk & Operations. As EVP, Enterprise Risk & Operations, Casey will be responsible for all aspects of PCMA Private Client Lending’s enterprise risk management. In her new role, Turner will be responsible for the design and execution of the firm’s enterprise risk management program and practices, including the appropriate frameworks and methodologies to support effective risk identification, assessment, mitigation, and monitoring. Turner will ensure risks associated with strategy, operations, and change management are adequately monitored and reported to all enterprise stakeholders. “Casey’s impressive track record and depth of experience in operational risk management and compliance is crucial to PCMA’s ongoing commitment to establishing new products, new services, and advancing our deep commitment to the Private Client experience,” said John Lynch, CEO and Founder of PCMA. “There are a number of market trends that make PCMA’s evolving platform ripe for continued expansion, and I’m excited for the opportunity to help lead the firm into this new era of private client services,” said Casey Turner. PCMA has established a reputation for leadership and innovation in the industry, and the firm is buoyed by the strength of its leader and very accomplished management team.” Prior to joining PCMA, Casey served as Director of Compliance for LoanSnap, Inc., a venture funded, fintech mortgage origination platform, advising on operational compliance, staff training, process design, and risk management frameworks. Previously, she held the position of Director of Operations for DLJ Financial, and has served as member on Asset Liability, Enterprise Risk, and Business Strategy Committees. “It is great to have Casey join the executive management team at PCMA,” said Aron Rofer, PCMA’s President and In-House Counsel. “Our greatest asset, and the key to our continued success, are the people that make up PCMA. I am excited and looking forward to all that we will continue to accomplish as a firm with her leadership.” About PCMA PCMA is a vertically integrated Asset Origination and Convexity Management firm that specializes in Structured, Super Prime, Non-Agency, Private Client Credit. With its captive origination unit, PCMA has become the leading Non-Bank Private Client Lender in the U.S. What began as a linear venture has morphed into a vertical organization and industry leading incubator of ideas pushing the boundaries of innovation in high-capacity financial services. PCMA offers qualified individuals and institutions bespoke lending and advisory services across all major credit, and residential asset classes. PCMA is headquartered in Orange County, CA. Additional information is available at www.pcma.us.com Contact Details PCMA Private Client Jason Jepson +1 949-394-7033 jason.jepson@pcma.us.com Company Website https://pcma.partners

January 04, 2022 08:00 AM Eastern Standard Time

Article thumbnail News Release

GENERATION INCOME PROPERTIES ANNOUNCES CONTINUED MONTHLY CASH DISTRIBUTIONS

Generation Income Properties

Generation Income Properties, Inc. (NASDAQ: GIPR) (“GIP” or the “Company”) announced today that its Board of Directors has declared continued regular monthly cash distributions of $0.054 per share of common stock for each of January, February, and March 2021. These distributions were declared pursuant to a cash distribution policy approved by the Board of Directors which targets total annual distributions of approximately $0.65 per share of common stock. The actual declaration of future cash distributions, and the establishment of record and payment dates, is subject to final determination by the Board of Directors each quarter after its review of the Company's financial performance. The declared distributions will be payable to shareholders of record on January 15, 2022, February 15, 2022, and March 15, 2022, and are expected to be paid on or about January 30, 2022, February 28, 2022, and March 30, 2022, respectively. This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, relating to our monthly distribution. There can be no assurance that future distributions will be declared. The declaration of future monthly distributions is subject to approval of our Board of Directors each quarter after its review of our financial performance and cash needs. Declaration of future distributions is also subject to various risks and uncertainties, including: our cash flow and cash needs; compliance with applicable law; restrictions on the payment of distributions under existing or future financing arrangements; changes in tax laws relating to corporate distribution; the deterioration in our financial condition or results, and those risks, uncertainties, and other factors identified from time-to-time in our filings with the Securities and Exchange Commission. About Generation Income Properties Generation Income Properties, Inc., located in Tampa, Florida, is an internally managed real estate investment corporation formed to acquire and own, directly and jointly, real estate investments focused on retail, office and industrial net lease properties located primarily in major United States cities. Additional information about Generation Income Properties, Inc. can be found at the Company's corporate website: www.gipreit.com. Forward-Looking Statements This press release, whether or not expressly stated, may contain “forward-looking” statements as defined in the Private Securities Litigation Reform Act of 1995. These statements reflect the Company’s expectations regarding future events and economic performance and are forward-looking in nature and, accordingly, are subject to risks and uncertainties. Such forward-looking statements include risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such forward-looking statements which are, in some cases, beyond the Company’s control which could have a material adverse effect on the company’s business, financial condition, and results of operations. Some of these risks and uncertainties are identified in the Company's most recent Registration Statement on Form S-1 and its other filings with the SEC, which are available at www.sec.gov. The occurrence of any of these risks and uncertainties could have a material adverse effect on the Company's business, financial condition, and results of operations. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof. Contact Details Generation Income Properties Investor Relations +1 813-448-1234 ir@gipreit.com Company Website https://www.gipreit.com

January 03, 2022 08:30 AM Eastern Standard Time

1 ... 5657585960 ... 69