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IotaComm® Sponsors Healthy Green Schools & Colleges Program to Advance Healthier, Smarter School Environments Nationwide

IotaComm

IotaComm, Inc. ("IotaComm"), a next-generation wireless communications and Internet of Things (IoT) solution provider, is proud to announce its official sponsorship of the Healthy Green Schools & Colleges (HGSC) program. As a sponsor, IotaComm is supporting the nationwide effort to transform K–12 and higher education facilities into cleaner, safer, and more sustainable environments for students and staff—no matter the zip code. HGSC, a program of the Healthy Schools Campaign, is designed to help school facility professionals identify low- and no-cost strategies to improve indoor air quality (IAQ), sustainability, and operational efficiency. Developed in collaboration with school facilities experts, the program equips institutions with the tools to address workforce development, resource constraints, and long-standing environmental health disparities, especially in historically underfunded communities. “This partnership isn’t just about measuring air quality—it’s about making it meaningful,” said Charlie Thiel, Chief Revenue Officer at IotaComm. “Where others offer a snapshot, we provide the full movie. Our Delphi360™ platform collects and transforms data into operational intelligence that district leaders can use to help their schools not just meet standards, but strategically improve environments where students learn and teachers work.” IotaComm’s Delphi360™ platform uses secure connectivity and battery-powered LoRaWAN® sensors to collect key IAQ parameters—including carbon dioxide (CO₂), particulate matter (PM2.5, PM10), temperature, humidity, and VOCs—every 30 minutes. This data is then transformed into actionable insights that empower district leaders, superintendents, and facility teams to make smarter, evidence-based decisions. These insights are especially valuable in helping schools meet HGSC certification requirements, such as CO₂ monitoring across 100% of occupied spaces. “The highest value of IAQ data is in trend analysis—not just static readings,” Thiel added. “Delphi360 helps districts identify issues before they escalate and demonstrates measurable improvements that strengthen transparency with their communities.” A Data-Driven Path to Healthier Schools HGSC’s three-step improvement model—Assess, Commit, Improve—guides institutions at every stage of their sustainability journey: Assess: Schools complete a free online self-assessment to evaluate their current performance and score themselves against the HGSC standard. Commit: Schools officially join the program and gain access to training, peer support, and best-practice guidebooks. Improve: Schools implement changes at their own pace, with expert guidance to address root causes, track progress, and eventually achieve certification status. “Unhealthy indoor air, poor ventilation, and harmful chemicals from outdated maintenance practices put students and educators at risk and impact learning outcomes,” said Sara Porter, Program Director of Healthy Green Schools & Colleges and Vice President of External Affairs at Healthy Schools Campaign. “These challenges are most acute in schools serving low-income communities and students of color. HGSC is designed to remove systemic barriers and create healthier learning environments for all.” “IotaComm’s data-driven approach enhances our program by turning indoor air quality goals into everyday operational improvements,” Porter added. “It’s this kind of practical innovation that helps schools move from intention to impact.” Supporting a Mission of Equity, Transparency, and Impact For IotaComm, this sponsorship represents a natural extension of its mission to deliver scalable, sustainable technology that bridges the gap between data, equity, and action in public infrastructure. We are not just supporting an initiative – we’re helping redefine what it means to create safe, equitable learning environments in the 21 st century. The partnership also aligns with IotaComm’s active crowdfunding campaign, which invites everyday investors to fuel the company’s growth and mission of making smart, healthy infrastructure accessible to every community. To learn more about the Healthy Green Schools & Colleges program and IotaComm’s role as a sponsor, visit: www.healthygreenschools.org/sponsors/iotacomm About IotaComm, Inc. IotaComm is a wireless communications and data services company that provides secure, carrier grade low-power connectivity for the Internet of Things (IoT). Through its nationwide FCC licensed 800 MHz spectrum portfolio and proprietary Delphi360™ platform, IotaComm delivers critical data-driven solutions for smart buildings, smart cities, and sustainable infrastructure. IotaComm leverages the globally adopted LoRaWAN® standard and is a member of the LoRa Alliance®, the leading global association driving the adoption of LoRaWAN® worldwide. Headquartered in Chapel Hill, NC, with operations in Allentown, PA, IotaComm is committed to innovation, sustainability, and delivering value for customers, communities, and shareholders. For more information, visit www.iotacomm.com. About Healthy Schools Campaign Healthy Schools Campaign (HSC) works to ensure all students have access to environments that support health and academic success. HSC provides stakeholders with tools and leadership skills to influence health and wellness policy, advocates for practical reforms, and builds strong coalitions to support sustainable school health initiatives. Learn more at www.healthyschoolscampaign.org. Contact Details Kim Velez, Chief of Staff to the CEO +1 484-861-2994 kvelez@iotacomm.com Company Website https://iotacomm.com/

June 26, 2025 09:45 AM Pacific Daylight Time

Back to the Doctor’s Office: As Telehealth Declines, Demand for In-Person Care Drives a Medical Real Estate Shift

The Hoyt Organization

In the wake of the COVID-19 pandemic, virtual healthcare saw a historic surge. But now, a new trend is emerging: patients are returning to their doctors' offices — and they’re doing it in droves. According to new data from the Center for Telehealth and e-Health Law (CTeL), telehealth use has entered a steady decline since its peak during the pandemic. With the expiration of emergency policies that once expanded access to virtual care, analysts project a staggering 12 million telehealth appointments will be lost annually. This shift is placing renewed importance on brick-and-mortar medical practices—and driving an urgent need for physical medical office space in urban hubs across the country. “This isn’t just a statistical dip — it’s a fundamental shift,” says Kurt Hackett, Vice President of Asset Management at Rethink Capital, which owns and manages the Medical Pavilion at 939 Ellis Street in San Francisco. “We're seeing patients of all types of medical disciplines re-emphasize the value of in-person care, and providers are responding by ramping up their physical presence.” A Premier Option in San Francisco's Healthcare Corridor At the heart of the resurgence of in-person care is the Medical Pavilion at 939 Ellis Street, a premier medical office building situated in San Francisco’s vibrant healthcare corridor along Van Ness Avenue. Nestled close by Sutter Health’s CPMC Van Ness Campus, the Pavilion offers a strategic, central location for healthcare providers looking to expand or relocate to a high-demand urban market. “939 Ellis Street is perfectly positioned for providers who need immediate access to hospital systems, public transit, and city and suburban population,” says Hackett. “It checks all the boxes for modern medical delivery.” The property features: Proximity to top-tier health systems and medical campuses Full and partial floor suites to accommodate a wide range of medical uses Infrastructure designed to meet today’s clinical and compliance needs On-site parking, and mass transit accessibility What’s Driving the In-Person Comeback? Several factors are contributing to the retreat from telehealth and the renewed interest in physical appointments: Clinical Limitations of Virtual Care: While video consultations offer convenience, many conditions — such as orthopedic and cardiac issues, cancer care, and urological disorders — require physical examinations, lab work, and imaging that simply cannot be done remotely. Insurance Reimbursement Reversions: As emergency-era policies sunset, insurers are reverting to pre-COVID reimbursement models which often favor in-person visits. This reimbursement structure creates an incentive for providers to bring patients back into the office. Digital Fatigue: After years of Zoom meetings, online learning, and virtual appointments, both patients and providers are reporting burnout with screen-based interactions. Trust and Patient Experience: Research continues to show that face-to-face care fosters stronger patient-provider relationships and improves long-term treatment outcomes—something digital platforms have struggled to replicate. Investment Strategies Follow the Trend For real estate investors and healthcare providers alike, the shift back to in-person care is shaping portfolio decisions in key metro markets like San Francisco, where aging medical stock and strong population density make modern medical offices particularly attractive. “Providers are increasingly seeking newer, well-located facilities that reflect the current standards of care,” Hackett explains. “Our goal at the Medical Pavilion is to offer not just square footage, but an ecosystem where quality care can thrive.” A New Era of Care Delivery As the pendulum swings away from virtual-first healthcare, the demand for high-quality, strategically located medical office space is expected to grow — particularly in regions like the Bay Area, where healthcare innovation and patient demand continue to intersect. For providers seeking to adapt and grow in this changing environment, properties like the Medical Pavilion at 939 Ellis Street represent a unique opportunity: the chance to be part of San Francisco’s healthcare future, right in the heart of its medical corridor. For leasing inquiries at 939 Ellis St., contact Trask Leonard, president and CEO of Bayside Realty Partners at tleonard@baysiderp.com. About Medical Pavilion at 939 Ellis Street: Positioned in the Van Ness medical hub, Medical Pavilion at 939 Ellis Street is a purpose-built medical office building offering flexible, large-scale space options for healthcare users, with direct access to public transit, nearby hospitals, and the city’s primary healthcare corridor. It can accommodate a range of specialties. It boasts a scenic rooftop terrace and available parking. Contact Details Leeza Hoyt +1 310-343-3197 llhoyt@hoytorg.com Company Website https://939-ellis.com/

June 26, 2025 08:00 AM Pacific Daylight Time

IotaComm® Announces New Corporate Headquarters in Research Triangle Region, Expanding Footprint in Chapel Hill’s Innovation Hub

IotaComm

IotaComm, Inc. ("IotaComm"), a next-generation wireless communications and Internet of Things (IoT) solution provider, proudly announces the relocation of its corporate headquarters to 200 West Franklin Street in Chapel Hill, North Carolina—a premier Class A creative office space in the heart of downtown. This relocation marks a major milestone in IotaComm’s mission to build the next nationwide wireless carrier purpose-built for the Internet of Things. By combining secure, carrier-grade connectivity with smart infrastructure applications, IotaComm is enabling a future where buildings and cities can communicate intelligently, efficiently, and affordably. “This move represents more than a change of address—it’s a strategic investment in our future,” said Terrence DeFranco, Chairman and CEO of IotaComm. “By establishing our headquarters in Chapel Hill, we’re aligning our growth trajectory with a world-class talent pool, a thriving innovation ecosystem, and a community that shares our values around sustainability, technology, and education. At the same time, we remain deeply committed to our operations in Lehigh Valley, Pennsylvania, where our roots run deep and where we continue to advance key initiatives in education, smart manufacturing and community-based innovation.” Key Highlights of the New IotaComm Headquarters: Address: 200 West Franklin Street, Chapel Hill, NC 27516 Location: Prime downtown Chapel Hill with an 80 Walk Score—“Very Walkable” Proximity: Steps from the UNC campus and Chapel Hill Transit routes Space: Top-floor office (formerly occupied by a top 20 Fortune 500 tech company) Move-In Ready: Fully furnished with FF&E for rapid activation Talent Access: Immediate pipeline to UNC’s research and student communities “Our journey began through Innovate Carolina’s startup hub,” DeFranco added. “Today we’re proud to be collaborating with regional leaders such as the Ackerman Center for Excellence in Sustainability at UNC Kenan-Flagler Business School, as well as a growing number of partners across the Research Triangle. This move accelerates our ability to build, hire, and innovate with purpose.” A Strategic Growth Platform The new location supports IotaComm’s nationwide expansion of its LoRaWAN® network and its commercialization of Delphi360TM, a platform designed to digitize building systems and deliver real-time insights for air quality, energy use, and asset performance. With strong momentum in the education sector, IotaComm is rapidly accelerating into additional high-impact verticals, including manufacturing, hospitality, and government—each requiring scalable connectivity and actionable data to modernize operations and improve outcomes. “We’re excited to welcome IotaComm to 200 West Franklin and to the greater Chapel Hill business community,” said Hastings Jones, Vice President at CBRE and representative of 200 West Franklin’s ownership, Antoine Puech of MEY Corporation. “This iconic space offers the infrastructure and location needed for a high-growth technology company to scale—and direct access to world-class talent and thought leadership.” IotaComm will continue to grow its operations in Lehigh Valley, PA, including ongoing investments in smart manufacturing initiatives, education partnerships, and community engagement through IotaCommUnity initiatives. The Chapel Hill headquarters complements these efforts and positions the company to scale nationally while staying grounded in its hfounding communities. About IotaComm, Inc. IotaComm® is a private wireless communications and data services company that provides secure, carrier-grade low-power connectivity for the Internet of Things (IoT). Through its nationwide FCC-licensed 800 MHz spectrum portfolio and proprietary Delphi360™ platform, IotaComm® delivers critical data-driven solutions for smart buildings, smart cities, and sustainable infrastructure. IotaComm® leverages the globally adopted LoRaWAN® standard and is a member of the LoRa Alliance®, the leading global association driving the adoption of LoRaWAN® worldwide. Headquartered in Research Triangle Park, NC, with operations in Allentown, PA, IotaComm is committed to innovation, sustainability, and delivering value for customers, communities, and shareholders. For more information, visit www.iotacomm.com. In making an investment decision, investors must rely on their own examination of the issuer and the terms of the offering, including the merits and risks involved. IotaComm, Inc. has filed a Form C with the Securities and Exchange Commission in connection with its offering, a copy of which may be obtained here. Contact Details IotaComm, Inc. Kimberly Velez, Chief of Staff to the CEO +1 855-743-6478 kvelez@iotacomm.com Company Website https://iotacomm.com/

June 24, 2025 12:00 PM Eastern Daylight Time

Clarion Partners Makes First Investment in Bozeman, Montana Market

Clarion Partners

Clarion Partners, LLC, a leading real estate investment manager, is partnering with Wentworth Property Company to develop Highmark, a new 162-unit townhome and apartment community in Bozeman, MT. Located in a Qualified Opportunity Zone (QOZ) on 8+ acres in the broader South University District master-planned neighborhood, Highmark is bringing high-quality rental housing options to one of the most rapidly growing micropolitan areas in the U.S. Leasing began in April 2025, and the project is scheduled for completion in late 2025. Inclusive of a broad range of unit styles, from single bedroom apartments to 3-story townhomes, the community, situated less than a half mile from the Montana State University campus and less than two miles from Downtown Bozeman, offers a variety of living accommodations for families and students alike. “Bozeman offers an unparalleled outdoor lifestyle as well as proximity to a growing education and technology employment base,” said Clarion Partners Managing Director Jason Glasser. “The development of Highmark will add a variety of new housing options in a popular area where home prices have become increasingly unaffordable.” Units feature 10-ft ceilings, modern kitchens with quartz countertops and stainless steel appliances, wood-vinyl flooring, ample storage, full size washing machines and dryers, and individual yards and balconies for the townhomes. Community amenities include a clubroom, fitness center, package locker room, outdoor gathering area, hot tub, dog park, pet spa, and over 300 parking spaces. Clarion is currently invested in 170 properties (nearly $8 billion in GRE) in areas designated as QOZs and owns an additional 734 properties (over $38 billion in GRE) in submarkets neighboring U.S. QOZs. 1 About Clarion Partners Clarion Partners, an SEC registered investment adviser with FCA-authorized and FINRA member affiliates, has been a leading U.S. real estate investment manager for more than 40 years. Headquartered in New York, the firm maintains strategically located offices across the United States and Europe. With over $73 billion in total real estate and debt assets under management, Clarion Partners offers a broad range of real estate strategies across the risk/return spectrum to 500 institutional investors across the globe. For more information visit www.clarionpartners.com. 1 As of December 31, 2024 Contact Details Chris Sullivan +1 917-902-0617 chris@craftandcapital.com Company Website https://www.clarionpartners.com

June 23, 2025 04:00 PM Eastern Daylight Time

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New Alvarez & Marsal Report on Tariff Impact Highlights the Imperative for Companies to Use Current Turmoil as License to Radically Improve Operations

Alvarez & Marsal Consumer and Retail Group

Apparent calm masks deeper volatility – inaction now is high risk Delay will show up in future quarterly reporting Quantify total tariff exposure and identify equivalent cost cutting opportunities This moment of crisis should not be wasted The Consumer and Retail Group of Global professional services firm Alvarez & Marsal (A&M CRG) today released a special report, Tariffs & Turmoil – Never Let a Good Crisis Go To Waste, which urges retailers to take bold, immediate action as global trade policies shift and economic pressures mount. The report challenges companies to break free from “wait-and-see” or “wing it” paralysis and seize the current disruption as a strategic reset. “We are in a false moment of calm, but July 9th is right around the corner. While the latest quarterly results may not yet show the impact, companies that fail to act now will see tariffs hit hard in the quarters ahead,” said Joanna Rangarajan, Managing Director in Alvarez & Marsal’s Consumer and Retail Group and co-author of the study. “They should be looking to identify every opportunity to improve and fortify operations, as those who successfully came out of Covid did.” Co-author Michael Prendergast, Managing Director in Alvarez & Marsal’s Consumer and Retail Group, noted: “What we are seeing is a shell-shocked level of inactivity. Companies need to use this tariff crisis as an opportunity to do the hard work of getting their SG&A numbers down by 15 to 20 percent. Looking at pricing, reaching out to vendor bases and shifting country of origin are no longer enough. This is the perfect moment for management teams to refocus on optimizing their inventory, speeding up calendaring, and ultimately assessing their total cost of tariffs so that they can work toward an equivalent level of budgetary savings.” The report lays out nine areas in which retail companies should be focusing to navigate tariff twists and turns successfully, including: Relentlessly reduce costs across the entire organization Fuel innovation and growth initiatives that differentiate Double down on product winners that drive value Price intelligently to spark demand without sacrificing margin Adopt a fast fashion calendar mindset to increase agility Make decisions at lightning speed – favor action over perfection Reshape sourcing strategy for flexibility and long-term advantage Optimize supply chains for efficiency and responsiveness Establish a cross-functional command center with clear accountability To download a pdf of Tariffs & Turmoil – Never Let a Good Crisis Go To Waste, please visit: https://alvarezandmarsal-crg.com/insight/tariffs-turmoil-never-let-a-good-crisis-go-to-waste/ 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://alvarezandmarsal-crg.com/

June 18, 2025 11:00 AM Eastern Daylight Time

HomeSphere and Overhead Door Announce New Partnership for Residential Builders

HomeSphere

HomeSphere, the leading platform connecting building product manufacturers to mid-market homebuilders, has announced a new strategic partnership with Overhead Door, a trusted, well-known garage door brand for homebuilders, builder-developers and general contractors. Through the collaboration, more than 2,700 builders in HomeSphere’s U.S. network can claim exclusive rebates on Overhead Door™ brand garage doors, receiving enhanced value on a brand they already know and trust. “As a result of the partnership, more builders can access trusted garage door solutions through a single point of entry,” said Eric Herbst, Vice President of Builder Sales at Overhead Door, “saving time and simplifying operations for our builder partners.” Since 1921, the Overhead Door™ brand has dominated the industry with superior design and quality backed by local distributors delivering on solutions and support. As a direct source of equipment, service, and solutions, Overhead Door™ exceeds expectations and simplifies the job for homebuilders. “HomeSphere offers its builder members the highest quality products at superior prices, all through a single portal, said HomeSphere CEO Greg Schwarzer. “Like Overhead Door™, our mission is to help builders save time and money. Our platform reduces the complexity of the product evaluation and rebate collection process for builders during a time of great uncertainty.” About HomeSphere Established in 1999, HomeSphere connects local and regional homebuilders to exclusive rebate offerings. HomeSphere’s builder network constructs and closes more than 250,000 new homes and units per year, making it the largest homebuilding group in the country by volume. Using HomeSphere-HQ, HomeSphere’s award-winning rebate management platform, builders capture incentives on completed homes, discover new products for their future projects, and develop key relationships with the 80-plus manufacturers in HomeSphere’s preferred partner network. For more information about HomeSphere’s products and solutions for homebuilders and manufacturers, visit www.homesphere.com. About Overhead Door ™ brand The Overhead Door™ brand, which is recognized by its iconic Red Ribbon logo and “The Genuine. The Original.” slogan, is one of the most trusted residential garage door and commercial door manufacturers in North America. The Overhead Door™ brand products are available through our dedicated network of more than 440 Distributors—operating across the country using the trade name “Overhead Door Company”. For additional information, visit www.overheaddoor.com. ©2025 Overhead Door Corporation. The Overhead Door™ brand is a trademark and the Ribbon Logo is a registered trademark of Overhead Door Corporation. Contact Details Tracy Henderson +1 720-989-3530 tracy@centerreachcommunication.com Overhead Door Alex Conis alexandra_conis@overheaddoor.com Company Website https://www.homesphere.com/

June 12, 2025 08:00 AM Eastern Daylight Time

Kryton International Urges Durable Concrete Standards as Data Centers Face Mounting Infrastructure Risks

The Hoyt Organization

As the demand for high-performance data centers surges around the world, Kryton International, the global leader in waterproofing and durability solutions for concrete, is calling attention to a growing threat to uptime and asset longevity: concrete degradation. With operators increasingly adopting robotics and automation within their facilities, the need for ultra-durable, waterproof concrete is no longer optional — it’s critical. According to Forbes, the average cost of a data center outage has soared to over $9,000 per minute, with some incidents exceeding $1 million per hour. Seemingly minor infrastructure failures — such as a hairline crack in a concrete slab that leads to water ingress — can escalate rapidly, damaging sensitive servers and power infrastructure. Even small leaks that do not fully penetrate can corrode the internal steel rebar and trigger a full collapse of concrete walls, cable trays, raised floors, power conduits, or cooling lines. “Concrete is often treated as a static component of a data center, but in reality, it is a dynamic and vulnerable part of the facility,” said Kari Yuers, President & CEO of Kryton International. “Traditional concrete is prone to microcracking, water penetration, and abrasion — all of which can lead to costly damage, downtime, and reputational risk for operators.” This risk is amplified by the massive volumes of water used to cool today’s data centers. Many large facilities use millions of gallons of water daily to regulate temperature — Google alone reported using over 5 billion gallons of water across its U.S. data centers in 2022. As cooling systems circulate water through and around concrete infrastructure, the potential for seepage and structural degradation grows — especially when relying on outdated or inadequately treated concrete. Additionally, the implementation of robotics to handle racks within the facility – an increasingly more common practice within the data center industry – subjects the concrete to abrasion from wheeled traffic cycles. Kryton’s Krystol Internal Membrane™ (KIM®) and Hard-Cem® admixtures provide industry-leading protection by making concrete self-sealing, waterproof, and resistant to abrasion — even under the heavy loads and constant movement associated with robotic systems. “Data centers are expanding to handle the processing power of AI systems, and the modern, high-efficiency warehouses are increasingly being driven by robotics,” said Yuers. “That shift demands a new standard in concrete performance — one that resists not just time, but moisture and abrasion.” The need is growing as hyperscale and edge data centers expand into regions with high water tables, such as Texas and the Southern U.S.; seismic activity; or wide seasonal temperature swings — all of which increase the risk of concrete deterioration. Once a water leak occurs, not only is there potential damage to electronics, but entire operations may grind to a halt for remediation and equipment replacement. By integrating Kryton's innovative admixtures at the time of construction, operators can avoid costly shutdowns, eliminate reliance on external waterproofing membranes, and ensure long-term operational resilience. Key Advantages of Advanced Concrete Solutions in Data Centers: Moisture Protection: Waterproof concrete helps eliminate the risk of seepage and moisture migration through floors and below-grade walls, which is especially vital in facilities with raised floors or sensitive power and cooling infrastructure. Long-Term Integrity: Abrasion-resistant concrete stands up to the high traffic and mechanical wear caused by heavy equipment, maintenance operations, and cable tray installations—ensuring longevity without the need for frequent repairs. Energy and Cost Efficiency: By mitigating risks of structural damage, corrosion, and mold growth, advanced concrete formulations reduce the need for costly repairs, operational disruptions, and energy losses from compromised insulation systems. For more information about Kryton’s concrete durability solutions for mission-critical infrastructure, visit www.kryton.com. ABOUT KRYTON Kryton International Inc. is the inventor of the crystalline waterproofing admixture and has been waterproofing concrete structures with its proprietary KrystolÂ® technology since 1973. Kryton has won awards for innovation, manufacturing, best place to work, and entrepreneurship. Kryton is an active member of the American Concrete Institute, International Concrete Repair Institute, American Shotcrete Association, and many other thought-leading organizations. Kryton exports its products to more than 50 countries globally. www.kryton.com Contact Details Kryton International Andrew King +1 914-513-6895 aking@hoytorg.com Company Website https://www.kryton.com/

June 10, 2025 09:00 AM Pacific Daylight Time

Clarion Partners Welcomes MEI Industrial Solutions to the Tahoe Reno Industrial Center

Clarion Partners

New York, NY – May 29, 2025 – Clarion Partners, LLC, a leading real estate investment manager, welcomes MEI Industrial Solutions (“MEI”) to 500 Denmark Drive, a newly constructed 322,000-square-foot Class A building located within the Tahoe Reno Industrial Center (“TRIC”). MEI Industrial Solutions (formerly MEI Rigging & Crating) is a leading provider of rigging, machinery moving, industrial storage, millwrighting, crating, export packing services, and specialized transportation services across the nation. The company has leased 161,200 sq. ft. of space, representing approximately half of the building. 500 Denmark is part of a larger development of over 1 million square feet of Class A warehouses at the TRIC, considered to be one of the largest industrial parks in the world. “We’re pleased that MEI Industrial Solutions has chosen to include 500 Denmark Drive as part of its regional West Coast logistics expansion,” said Clarion Partners Managing Director Jason Glasser. “As a high-growth and desirable submarket conveniently located near major transportation routes, Reno continues to offer industrial users like MEI a compelling value proposition.” The new facility significantly expands MEI’s operational footprint in Northern Nevada and enhances MEI’s service capacity with secured indoor and outdoor storage space, joining MEI’s nationwide network of 50+ facilities across 24 states. In addition, the facility is well positioned to serve the company’s data center and manufacturing customer base nearby. Clarion Partners acquired 500 Denmark Drive on behalf of a commingled fund in July 2024. Surrounded by numerous data centers as well as national tech, big box, and e-retailer tenants, the acquisition expanded Clarion’s existing Reno-area industrial footprint of over 1.7 million sq. ft. It also marked Clarion’s first entry into Sparks, NV - one of Reno’s most active submarkets and an active Federally designated Qualified Opportunity Zone (“QOZ”). Clarion is currently invested in 170 properties (nearly $8 billion in GRE) in areas designated as QOZs and owns an additional 560 properties (over $30 billion in GRE) in submarkets neighboring QOZs. 1 Clarion Partners, LLC, an SEC registered investment adviser with FCA-authorized and FINRA member affiliates, has been a leading U.S. real estate investment manager for more than 40 years. Headquartered in New York, the Firm maintains strategically located offices across the United States and Europe. With $73.1 billion in total real estate and debt assets under management, Clarion Partners offers a broad range of real estate strategies across the risk/return spectrum to approximately 500 institutional investors across the globe. Clarion is scaled in all major property types and was an early entrant into the Industrial sector. The Firm’s global industrial team manages a ~1,000 property portfolio in the U.S. and Europe consisting of more than 250 million square feet. Clarion Partners is an independently operated specialist investment manager of Franklin Templeton. More information about the firm is available at www.clarionpartners.com. Franklin Resources, Inc. [NYSE:BEN] is a global investment management organization with subsidiaries operating as Franklin Templeton and serving clients in over 150 countries. Franklin Templeton’s mission is to help clients achieve better outcomes through investment management expertise, wealth management and technology solutions. Through its specialist investment managers, the company offers specialization on a global scale, bringing extensive capabilities in fixed income, equity, alternatives and multi-asset solutions. With more than 1,500 investment professionals, and offices in major financial markets around the world, the California-based company has over 75 years of investment experience and over $1.5 trillion in assets under management as of April 30, 2025. Contact Details Chris Sullivan +1 917-902-0617 chris@craftandcapital.com Company Website https://www.clarionpartners.com

June 09, 2025 04:00 PM Eastern Daylight Time

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Shumate Engineering Presents Breakthrough Hybrid Dry Adiabatic Cooling Design, Passes Key Benchmark

The Hoyt Organization

In a major breakthrough for the data center industry, Shumate Engineering, a leading full-service MEP engineering firm specializing in mission-critical data center environments, has launched its new cooling design, which is proven to significantly reduce power and water consumption. Hybrid-Dry/Adiabatic-Cooling (HDAC), a patent-pending design, was presented last month at AFCOM’s Data Center World conference in Washington, D.C., to hundreds of industry insiders who agreed with the system. HDAC utilizes both wet and dry cooling techniques within a closed loop, has the potential to disrupt the sector – just as its grappling with the proliferation of artificial intelligence. “With the need for massive computing power taking hold around the world, the data center industry is booming right now; however, the power and water needed to cool the racks and keep them functioning has limited its progress,” said Daren Shumate, PE, founder and managing principal of Tysons, Va.-based Shumate Engineering. “Major data center projects backed by the biggest names in tech have resorted to drastic measures to meet this demand, including the construction of high-density data centers that span city blocks and recommissioning nuclear power plants, but our cooling design manages to use half of the power and less than 10 percent of the water compared to traditional data centers – offering a massive savings of natural resources and billions of dollars in costs.” This hybrid-dry adiabatic (HDAC) design was presented by Shumate and R. Stephen Spinazzola, PE, director of mission critical services at Shumate Engineering at the AFCOM conference. They explained how to get power usage effectiveness (PUE) for a hyperscale data center in the mid-Atlantic region – typically higher than 1.2 – down to a range between 1.1 to 1.06 PUE, depending on the ratio of traditional air cooled versus direct liquid cooled equipment. They followed up the presentation with a successful test at Baltimore Aircoil Company's testing facility where the system met all specific design requirements, including: Maintaining 68 deg F fluid supply temp up to 60 deg F ambient dry bulb Maintaining 90 deg F fluid supply temp up to 82 deg F ambient dry bulb Maintaining 90 deg F fluid supply temp up to 81 deg F ambient wet bulb “We are incredibly pleased with the performance of our HDAC design,” said Spinazzola, the creator of the design who already has six patents in his name. “This test verifies our claim that this system uses approximately the same water an air-cooled chiller system uses when combining on site and electrical power plant water use.” The timing couldn’t be more relevant. As global demand for high-performance data centers surges — driven largely by the exponential growth of artificial intelligence, machine learning, and cloud computing — cooling infrastructure has become a critical bottleneck. Shumate Engineering's groundbreaking solution addresses both the energy and environmental challenges associated with traditional evaporative and mechanical cooling methods. “Our new hybrid system is a game-changer,” Shumate said. “By dramatically reducing both energy and water consumption, we're enabling data center operators to scale up AI and high-density workloads sustainably and cost-effectively. It’s an engineering solution that meets the moment.” Unlike conventional systems that rely heavily on water-based evaporative cooling, Shumate Engineering’s HDAC design combines advanced dry cooling principles with prescribed adiabatic enhancements, optimizing thermal performance without compromising environmental responsibility. The result is a scalable, modular system that not only meets the intense thermal demands of AI-driven computing but also reduces operational costs and environmental footprint — a critical consideration as data centers face growing scrutiny over resource usage. “Considering that a typical ChatGPT query used 10 times more power than the average Google search, the future of computing demands a future-ready infrastructure,” Spinazzola said. “Our HDAC system keeps pace with technological advancements while meeting aggressive sustainability goals – cutting power usage in half and using just a sip of water." About Shumate Engineering Shumate Engineering is a full-service MEP engineering firm specializing in mission critical, data center environments. Its ever-growing roster of engineers have collaborated on many projects — from the namesakes of northern Virginia’s “Data Center Alley” and the rapidly growing DMV housing market to new prospects in Richmond and beyond. The team’s game-changing Hybrid Adiabatic Fluid Cooler - which uses half as much power and 90 percent less water than traditional cooling systems for AI data centers - is set to be approved by the U.S. Patent and Trademark Office this summer. Learn more at shumateengineering.com. Daren Shumate, Founder and Managing Principal of Shumate Engineering, boasts many accomplishments in data center design including is an engineering icon the Smithsonian Institution’s main data center in Herndon, eBay’s chief 26-megawatt Tier E structure in Utah, the NSA’s High Performance Computing Center in Ft. Meade, and the Fannie Mae-owned data center in Urbana that was the first of its kind to attain LEED. He is a licensed electrical engineer in more than 20 states and lives in the Washington, D.C. area. Steve Spinazzola, Director of Mission Critical Services for Shumate Engineering, offers more than 42 years of experience in both mechanical design and project management on corporate, mission-critical, educational, health and science, retail, and institutional projects. His game-changing Hybrid Adiabatic Fluid Cooler - which uses half as much power and 90 percent less water than traditional adiabatic cooling - is set to be approved by the U.S. Patent and Trademark Office this summer. ### Contact Details Shumate Engineering Andrew King +1 914-513-6895 aking@hoytorg.com Company Website https://shumateengineering.com

June 03, 2025 04:01 PM Eastern Daylight Time

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