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CPREX Enters Las Vegas Market with Acquisition of Martinique Bay Multifamily Property

Clarion Partners

Clarion Partners Real Estate Income Fund Inc. (“CPREX” or the “Fund”) announced today it has acquired Martinique Bay, a 256-unit garden style apartment community located in the Green Valley submarket of the Las Vegas/Henderson area of Nevada. Clarion Partners brings decades of experience in the Multifamily sector, with more than $11 billion currently invested across Class A and garden-style apartments in key markets throughout the U.S. This purchase brings the total amount of residential space owned by CPREX investors to more than 41% of the Fund. 1 More broadly, Clarion Partners has almost $2 billion invested in commercial real estate across the Las Vegas metro area. “The purchase of Martinique Bay, in the thriving planned community of Green Valley, is not only ideally located near the Harry Reid International Airport and major shopping and employment hubs, but it is also a great property for families with its above-average unit sizes and access to some of the best public schools in the greater Las Vegas metro,” says Clarion Partners Managing Director and Fund Manager Rick Schaupp. Clarion is part of Franklin Templeton’s alternatives business, which spans a broad range of strategies, including real estate, private credit, hedge funds and secondary private equity and co-investments with approximately $250 billion in assets under management as of September 30, 2024. Clarion Partners serves as CPREX’s sub-adviser and Franklin Templeton through different entities serves as the adviser, administrator and distributor of the Fund. For a deeper look at why Clarion Partners has high conviction in the multifamily sector, view our latest Clarion Calls Market Insights video: To read our latest whitepaper about the U.S. multifamily sector, click here: The Endurance of U.S. Rental Housing Investments. 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. About Franklin Templeton 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 Templetonâs 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 $1.6 trillion in assets under management as of June 30, 2024. For more information about CPREX and Alternatives by Franklin Templeton, please visit cprex.com or alternativesbyft.com. 1 Reflects the Gross Real Estate Value of each asset as a percentage of the Gross Real Estate Value of the Private Real Estate sleeve. Source: Clarion Partners. As of January 2, 2025, this investment represents 5.6% of relative percentage of the holding of the entire portfolio (100%). Characteristics and holdings weightings are based on total portfolio, are subject to change at any time, and are provided for informational purposes only. Not to be construed as a recommendation to purchase or sell any security. There can be no assurance that any unrealized investment described herein will prove to be profitable. Investment Risks: All investments involve risk, including loss of principal. Past performance is no guarantee of future results. Liquidity Risk Considerations: The Fund should be viewed as a long-term investment, as it is inherently illiquid and suitable only for investors who can bear the risks associated with the limited liquidity of the Fund. Limited liquidity is provided to shareholders only through the Fund’s quarterly repurchase offers for no more than 5% of the Fund’s shares outstanding at net asset value. There is no guarantee these repurchases will occur as scheduled, or at all. Shares will not be listed on a public exchange, and no secondary market is expected to develop. Shareholders may not be able to sell their shares in the Fund at all or at a favorable price. Risks related to investment made by the Fund: The Fund’s investments are highly concentrated in real estate investments, and therefore will be subject to the risks typically associated with real estate, including but not limited to local, state, national or international economic conditions; including market disruptions caused by regional concerns, political upheaval, sovereign debt crises and other factors. Asset-backed, mortgage-backed or mortgage-related securities are subject to prepayment and extension risks. The Fund and/or its subsidiaries employ leverage, which increases the volatility of investment returns and subjects the Fund to magnified losses if an underlying fund’s investments decline in value. The Fund may use derivatives, such as options and futures, which can be illiquid, may disproportionately increase losses, and have a potentially large impact on Fund performance. Fixed income securities involve interest rate, credit, inflation and reinvestment risks. As interest rates rise, the value of fixed income securities fall. High-yield bonds possess greater price volatility, illiquidity and possibility of default. Before investing, carefully consider a Fund's investment objectives, risks, charges and expenses. You can find this and other information in each prospectus, or summary prospectus, if available, at www.franklintempleton.com. Please read it carefully. Any information, statement or opinion set forth herein is general in nature, is not directed to or based on the financial situation or needs of any particular investor, and does not constitute, and should not be construed as, investment advice, forecast of future events, a guarantee of future results, or a recommendation with respect to any particular security or investment strategy or type of retirement account. Investors seeking financial advice regarding the appropriateness of investing in any securities or investment strategies should consult their financial professional. INVESTMENT PRODUCTS: NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE ©2025 Franklin Distributors, LLC, member FINRA, SIPC. Franklin Distributors, LLC, and Clarion Partners, LLC are all subsidiaries of Franklin Resources, Inc. Contact Details Chris Sullivan +1 917-902-0617 chris@craftandcapital.com Company Website https://www.clarionpartners.com

January 22, 2025 08:00 AM Eastern Standard Time

Video

Flash Earns HITRUST Certification, a First in Parking Technology

Flash

Flash, the leading AI-powered parking technology provider, today announced it has achieved HITRUST Certification for its PARCS and Valet solutions, the first and only parking technology provider to earn the distinction. The achievement confirms Flash’s data security practices meet the highest standards trusted by 81 percent of U.S. hospitals and health systems. Flash's HITRUST-certified PARCS and Valet solutions align its security frameworks with those of its healthcare clients and reduce their implementation complexity and risk. The certification also gives assurance to patients, visitors, physicians and staff that their information is safe from the moment they enter the parking facility. “We have a track record of setting new standards in parking," said Flash CEO Dan Sharplin. “Our focus on reimagining the parking experience calls for putting security front and center, within and beyond healthcare. We’re also committed to a great experience for operators and owners, and this certification allows us to carry the technical burden of compliance on their behalf.” Flash PARCS and Valet solutions have earned the trust of the country’s largest medical district and from healthcare systems in major metros nationwide, including Atlanta, Boston, Chicago, Denver, Houston, New York City, Orange County, Phoenix, Pittsburgh and San Diego. Flash’s industry-leading parking technology has also earned designation as a Level 1 Service Provider by the Payment Card Industry (PCI) Data Security Standards (DSS), which it has maintained for 11 consecutive years. Its cloud-based platform can process over 500 million transactions yearly in a secure environment that limits the risk of data loss, disruption, or corruption. Operating entirely in the cloud also allows Flash to manage compliance for operators and owners, pushing security updates and routine system checks required by PCI and HITRUST standards over the air, which become operational within minutes. About Flash Flash is a pioneering technology company bringing seamless parking and EV charging experiences to drivers through a first-of-its-kind digital ecosystem. Flash’s platform connects reservable parking and charging in the apps drivers use daily with garage, surface lot, event, and valet parking locations—connected and controlled via a cloud-based operating system with unrivaled intelligence. Customer-obsessed brands partner with Flash to deliver digital, easy-to-use, reliable, and increasingly frictionless experiences to drivers eager to pay for a solution that eliminates wasted time, excess emissions, and stress. The solution has arrived. Visit www.flashparking.com to learn more. Contact Details Ray Young +1 512-694-6097 ray@razorsharppr.com Company Website https://www.flashparking.com/

January 21, 2025 10:00 AM Central Standard Time

K3 Holdings and Alpine LA Properties Providing Immediate Housing for Families Displaced by California Wildfires

K3 Holdings

K3 Holdings, a privately held real estate investment firm with extensive holdings throughout the United States and Alpine LA Properties, a leasing company providing newly remodeled apartments at affordable rates are actively working to support families displaced by the catastrophic California wildfires. By designating units specifically for those who have lost their homes, both companies are demonstrating a deep commitment to immediate relief and long-term recovery. Families are already in the process of relocating into buildings owned and operated by the property management company. With 11 lives tragically lost already, more than 10,000 structures destroyed (5,300 in Palisades and 7,000 in Eaton), damages at more than $100 billion, and residents still under evacuation orders, the scale of this disaster demands unified action. K3 Holdings and Alpine LA Properties have stepped up by offering vacant units to provide temporary housing for affected individuals and families. K3 and Alpine property managers are coordinating with local relief organizations to match available units with those in need, ensuring that victims of the wildfires have a secure place to stay as they begin to rebuild their lives. Families are already moving into K3 and Alpine buildings. To recommend someone who was displaced by the wildfire, or to get in touch with the property managers, please email leasing@alpinelaproperties.com. "These wildfires don’t just burn landscapes—they disrupt lives and tear through the fabric of our communities," said Michael Kadisha, a Principal of K3 Holdings. "The families forced to evacuate and the first responders fighting these fires are our neighbors, friends, and colleagues. Now more than ever, we must come together to support, rebuild, and heal." The efforts to provide temporary housing in K3 Holdings and Alpine LA Properties units are designed to ease the transition for those displaced residents by the wildfires. The property managers are dedicated to ensuring that those impacted can begin rebuilding their lives with dignity and comfort in safe and secure homes. The devastating loss of homes highlights the critical need for safe and affordable housing. Losing a home means losing safety, comfort, and stability—elements vital to personal and community resilience. K3 Holdings and Alpine LA Properties remain dedicated to advancing resilient, affordable housing initiatives that safeguard communities against future challenges. "When disaster strikes, the need for secure and sustainable housing becomes painfully clear," said Nathan Kadisha, a K3 Holdings Principal. "Our companies are committed to supporting solutions that prioritize community well-being and long-term recovery." Grassroots organizations are mobilizing relief efforts across California, and we can all make a meaningful impact. Relief efforts depend heavily on volunteer support. Assistance at evacuation centers, distribution of supplies, and meal preparation are just a few ways to help. Nonprofits are actively providing aid to displaced families. Monetary donations and in-kind support are vital to sustaining these efforts. In response to the ongoing wildfire crisis, K3 Holdings has also made a corporate gift on behalf of its K3 Tenants and Alpine residents to support the heroic efforts of the Los Angeles Fire Department (LAFD). Recognizing the critical need for additional resources to combat these devastating fires, the company is calling on the community to join in by supporting the Los Angeles Fire Department Foundation. The LAFD Foundation plays a vital role in equipping firefighters with life-saving tools and resources that are not funded by the city budget. The foundation is currently seeking monetary donations to provide essential gear, including emergency fire shelters, hydration backpacks, and wildland brush tools—all crucial items that help protect both firefighters and the communities they serve. The entire K3 Holdings and Alpine LA Properties families express their deepest gratitude to the firefighters, volunteers, and everyone lending a hand in this critical time. "The California wildfires are a reminder of life’s fragility and the strength of human connection," Michael Kadisha continued "Let’s stand together, support one another, and work toward a future where safe, affordable housing is a reality for all." About K3 Holdings and Alpine LA Properties K3 Holdings and Alpine LA Properties are committed to creating strong, vibrant communities through thoughtful property management and a focus on fostering neighborly connections. By hosting community events and providing quality living spaces, we strive to make our neighborhoods places where residents feel a sense of pride and belonging. ### For more information or to schedule an interview with a K3 spokesperson, please contact Dan Rene at 202-329-8357 or dan@danrene.com Contact Details K3 Holdings Dan Rene +1 202-329-8357 dan@danrene.com Company Website https://k3holdings.com/

January 11, 2025 09:00 AM Eastern Standard Time

Property Management Leaders Share Inspirational Holiday Message to K3 Tenants

K3 Holdings

K3 Holdings, a privately held real estate investment firm with extensive holdings throughout the United States and Alpine LA Properties, a leasing company providing newly remodeled apartments at affordable rates shared an inspirational holiday message to K3 Tenants and Alpine residents to encourage more community building over the holiday season. “As the holidays unfold with the celebrations of Christmas, Hanukkah, and other meaningful observances, K3 Holdings and Alpine LA Properties extend warm wishes to all, regardless of religious affiliation,” stated Michael Kadisha a K3 Principal. “This season is a time to reflect on what truly matters family, friendships, and the profound joy of spreading kindness.” “The holidays bring a unique opportunity to connect with loved ones, forge new friendships, and share moments that spark smiles and happiness. It’s undeniable that the warmth of the season is contagious, and its spirit can brighten lives across our communities,” Michael Kadisha continued. “As we embrace this festive time, it is also essential to remember those less fortunate. Recently, we observed National Homeless Persons’ Remembrance Day, a somber reminder of the challenges many are facing,” Nathan Kadisha said. “Additionally, we celebrated Veterans Day just a few weeks ago highlighting the sacrifices of those who have served, including the unfortunate reality that some veterans experience homelessness.” The property management team also shared a call to action to K3 Tenants and Alpine residents. “At K3 Holdings and Alpine LA Properties, we believe in the power of community and the responsibility to uplift one another. We encourage all our tenants and neighbors to join us in supporting those in need. Whether through charitable donations, volunteering at food banks, or sharing your unique talents, everyone has something valuable to offer,” Nathan Kadisha continued. The entire team at K3 Holdings and Alpine LA Properties are proud of the efforts K3 tenants make in creating stronger, safer, and more compassionate communities. Their dedication and generosity inspire us all to strive for a brighter future. Beyond their words, K3 Holdings and Alpine LA Properties have demonstrated a steadfast commitment to community building through tangible actions. By investing in property upgrades, hosting resident-focused events, and collaborating with local organizations, these property management leaders are creating environments where neighbors can connect and thrive. From neighborhood tree planting initiatives to art mural projects, the team’s efforts aim to foster not just places to live but places to call home. “At the heart of our mission is a belief that safe and vibrant communities are built on the foundation of strong relationships and shared purpose,” said Michael Kadisha. “Our investment in our properties is also an investment in the people who live there, ensuring they have a sense of security and belonging.” Additionally, the property managers actively engage with local charities and non-profits, furthering their impact on those in need – especially to combat the scourge of homelessness. By providing resources and support, and affordable housing options, they aim to uplift not only their tenants but also the broader community, setting an example of leadership and compassion in action. “This holiday season, let us come together to foster unity and goodwill. At K3 Holdings and Alpine LA Properties, our team remains committed to supporting our residents and communities every step of the way,” Michael Kadisha said. “From all of us, we wish you a joyous and meaningful holiday season filled with love, peace, and community spirit.” About K3 Holdings and Alpine LA Properties K3 Holdings and Alpine LA Properties are committed to creating strong, vibrant communities through thoughtful property management and a focus on fostering neighborly connections. By hosting community events and providing quality living spaces, we strive to make our neighborhoods places where residents feel a sense of pride and belonging. For more information or to schedule an interview with a K3 spokesperson, please contact Dan Rene at 202-329-8357 or dan@danrene.com Contact Details K3 Holdings Dan Rene +1 202-329-8357 dan@danrene.com Company Website https://k3holdings.com/

December 24, 2024 12:34 PM Eastern Standard Time

XLRE ETF – A Strategic Approach to Real Estate Investment

Select Sector SPDR

The Select Sector SPDR Real Estate Sector ETF ( XLRE ), introduced in 2015, remains a relevant option in the real estate investment landscape. Designed for investors keen on exploring Real Estate Investment Trusts (REITs) and real estate management and development markets, XLRE offers a focused strategy that includes key sectors like Industrial, Data Center, and Telecommunications. Portfolio and Holdings* The fund currently maintains a portfolio of 31 stocks dedicating a substantial share—more than 60%—to its top ten holdings. This allocation strategy demonstrates XLRE's approach to maintaining a focused portfolio of real estate investments. Prominent Holdings Include: ProLogis (9.50%) American Tower A (9.06%) Equinix (7.83%) Welltower (7.09%) Digital Realty Trust (4.98%) Public Storage (4.71%) Simon Property A (4.71%) Realty Income (4.70%) Crown Castle (4.24%) CBRE (3.58%) Low Expense Ratio One of XLRE’s standout features is its expense ratio, which is currently at 0.09%**. This cost-effective structure provides an option for investors seeking exposure to the real estate sector without incurring high fees. Transparency and Reporting XLRE prides itself on transparency, offering daily reporting on portfolio holdings and allocations. This practice allows investors to have a clear and up-to-date understanding of where their funds are invested. S&P 500 Component Companies By including only S&P 500 component companies, XLRE ensures that its portfolio is primarily comprised of large-cap names in the real estate sector. This alignment offers investors a predictable and reliable pathway for real estate investment. Investor Considerations Investors considering the XLRE ETF as part of their portfolio can benefit from its strategic approach to the real estate sector. By focusing on a concentrated collection of high-quality real estate companies, XLRE provides an opportunity to gain targeted exposure. About XLRE The Select Sector SPDR Real Estate Sector ETF (XLRE) serves as a gateway to real estate investment opportunities, simplifying access to REITs and Real Estate Management & Development markets. With over $7 billion in assets under management, XLRE has a dedicated focus on sectors such as Industrial, Data Center, and Telecommunications. DISCLAIMER: This is a work of research and should not be taken as investment or financial advice. Therefore, Select Sector SPDRs or the publisher is not liable for any decision made based on the publication. About the Company: Select Sector SPDR ETFs offer flexibility and customization opportunities. Many investors have similar outlooks, but no two are exactly alike. Select Sector SPDR ETFs let investors select the sectors that best meet their investment goals. *Holdings, Weightings & Assets as of 10/31/24 subject to change **Ordinary brokerage fees apply DISCLOSURES The S&P 500 Index is an unmanaged index of 500 common stocks that is generally considered representative of the U.S. stock market. The index is heavily weighted toward stocks with large market capitalizations and represents approximately two-thirds of the total market value of all domestic common stocks. The S&P 500 Index figures do not reflect any fees, expenses or taxes. An investor should consider investment objectives, risks, fees and expenses before investing. One may not invest directly in an index. Transparent ETFs provide daily disclosure of portfolio holdings and weightings All ETFs are subject to risk, including loss of principal. Sector ETF products are also subject to sector risk and nondiversification risk, which generally will result in greater price fluctuations than the overall market. Diversification does not eliminate risk. An investor should consider investment objectives, risks, charges and expenses carefully before investing. To obtain a prospectus, which contains this and other information, call 1-866-SECTOR-ETF (732-8673) or visit www.sectorspdrs.com. Read the prospectus carefully before investing. ALPS Portfolio Solutions Distributor, Inc., a registered broker-dealer, is distributor for the Select Sector SPDR Trust. Media Contact: Company: Select Sector SPDRs Contact: Dan Dolan* Address: 1290 Broadway, Suite 1000, Denver, CO 80203 Country: United States Email: dan.dolan@sectorspdrs.com Website: https://www.sectorspdrs.com/ *Dan Dolan is a Registered Representative of ALPS Portfolio Solutions Distributor, Inc. ALPS Portfolio Solutions Distributor, Inc., a registered broker-dealer, is the distributor for the Select Sector SPDR Trust. SEL007974 EXP 1/31/25 Contact Details Dan Dolan +1 203-935-8103 dan.dolan@sectorspdrs.com Company Website https://www.sectorspdrs.com/

November 22, 2024 05:00 AM Eastern Standard Time

Veteran Real Estate Executive Mike Daly Joins Rafferty Holdings to Launch Rafferty Real Estate

Rafferty Holdings

Michael Daly, a veteran real estate executive with over 35 years of experience, is joining Rafferty Holdings to help guide and launch an opportunistic real estate investment strategy, Rafferty Real Estate. In his new role, Daly will be responsible for designing the portfolio, evaluating market opportunities, structuring deals, and managing investments. Daly brings an extensive and varied background in the real estate sector, marked by successful stints in acquisitions, development, and operations. As Co-President of Gemdale USA, he spearheaded acquisitions and large-scale developments in the New York and Seattle markets, overseeing high-profile projects such as mixed-use and high-rise residential towers. Prior to Gemdale, Daly transformed Jonathan Rose Companies into a scalable partnership, doubling the firm’s portfolio of affordable and mixed-income housing. Earlier in his career, Daly led the development of major urban projects at Forest City Enterprises, including a 9,000-acre master-planned community in Albuquerque, as well as founding Sterling Glen Communities, which grew into a premier developer of luxury senior housing. Rafferty Holdings is a diversified private investment firm with a significant presence in asset management and fintech. The firm is committed to identifying and capitalizing on high-value opportunities across various industries, with operating companies such as Direxion Investments (~50bn AUM) and Hilton Capital Management (~3bn AUM) under its umbrella. With Rafferty Real Estate, Rafferty aims to strategically expand its investment portfolio into opportunistic real estate, creating a strategy that maximizes returns for its investors while leveraging its broader market expertise. Contact Details Rafferty Real Estate Mike Daly dalym@raffre.com Company Website https://www.raffertyholdings.com/rre

November 12, 2024 01:00 PM Eastern Standard Time

ETFs: A Streamlined Approach to Sector-Specific Investment

Select Sector SPDR

In the dynamic world of financial markets, the Select Sector SPDR ETFs offer a practical method for investors seeking sector-specific investments. By segmenting the S&P 500 into defined sectors, these ETFs present both individual and institutional investors with an opportunity to build more targeted and strategic investment portfolios. Select Sector SPDR ETFs are designed to cater to various segments of the economy, allowing investors to concentrate their investments based on specific economic sectors, aligned with their investment goals, risk tolerance, and market perspectives. Overview of the available Select Sector SPDR ETFs Communication Services Select Sector SPDR Fund (XLC) is centered around telecommunications and media companies. Consumer Discretionary Select Sector SPDR Fund (XLY) is comprised of companies involved in non-essential goods and services focused on luxury items, automobiles, and hotels. Consumer Staples Select Sector SPDR Fund (XLP) is primarily essential consumer goods and services like beverages, clothing, and personal products. Energy Select Sector SPDR Fund (XLE) is focused on the energy sector which includes oil and natural gas industries. Financials Select Sector SPDR Fund (XLF) includes banking, capital markets, and insurance industries. Health Care Select Sector SPDR Fund (XLV) is dedicated to pharmaceuticals, healthcare equipment, and biotechnology. Industrials Select Sector SPDR Fund (XLI) encompasses manufacturing, construction, and aerospace companies. Materials Select Sector SPDR Fund (XLB) focuses on mining, construction materials, and packaging sectors. Real Estate Select Sector SPDR Fund (XLRE) looks into commercial real estate services and Real Estate Investment Trusts (REITs), excluding Mortgage REITs. Technology Select Sector SPDR Fund (XLK) is focused on the information technology, semiconductor, and electronics industries. Utilities Select Sector SPDR Fund (XLU) centers around electricity and natural gas companies. The Select Sector SPDR ETFs provide an uncomplicated and transparent way to navigate sector-specific investments, allowing investors to adjust their strategies in response to ever-changing market dynamics. This sector-focused approach can provide detailed analysis and strategic portfolio management, offering a valuable tool for investors to fine-tune their investment allocations. As the ETF landscape continues to evolve, the Select Sector SPDR provides a mechanism for investors aiming to fine tune their investment strategies through focused sector allocations. This structured investment avenue supports the development of robust and adaptive portfolios, tailored to meet diverse investor needs and market conditions. DISCLAIMER: This is a work of research and should not be taken as investment or financial advice. Therefore, Select Sector SPDRs or the publisher is not liable for any decision made based on the publication. About the Company: Select Sector SPDR ETFs offer flexibility and customization opportunities. Many investors have similar outlooks, but no two are exactly alike. Select Sector SPDR ETFs let investors select the sectors that best meet their investment goals. DISCLOSURES The S&P 500 Index is an unmanaged index of 500 common stocks that is generally considered representative of the U.S. stock market. The index is heavily weighted toward stocks with large market capitalizations and represents approximately two-thirds of the total market value of all domestic common stocks. The S&P 500 Index figures do not reflect any fees, expenses or taxes. An investor should consider investment objectives, risks, fees and expenses before investing. One may not invest directly in an index. Transparent ETFs provide daily disclosure of portfolio holdings and weightings All ETFs are subject to risk, including loss of principal. Sector ETF products are also subject to sector risk and nondiversification risk, which generally will result in greater price fluctuations than the overall market. Diversification does not eliminate risk. An investor should consider investment objectives, risks, charges and expenses carefully before investing. To obtain a prospectus, which contains this and other information, call 1-866-SECTOR-ETF (732-8673) or visit www.sectorspdrs.com. Read the prospectus carefully before investing. ALPS Portfolio Solutions Distributor, Inc., a registered broker-dealer, is distributor for the Select Sector SPDR Trust. Media Contact: Company: Select Sector SPDRs Contact: Dan Dolan* Address: 1290 Broadway, Suite 1000, Denver, CO 80203 Country: United States Email: dan.dolan@sectorspdrs.com Website: https://www.sectorspdrs.com/ *Dan Dolan is a Registered Representative of ALPS Portfolio Solutions Distributor, Inc. ALPS Portfolio Solutions Distributor, Inc., a registered broker-dealer, is the distributor for the Select Sector SPDR Trust. SEL007907 EXP 12/31/24 Contact Details Dan Dolan +1 203-935-8103 dan.dolan@sectorspdrs.com Company Website https://www.sectorspdrs.com/

November 01, 2024 05:00 AM Eastern Daylight Time

K3 Holdings and Alpine LA Properties Warn of Possible Unintended Consequences of Proposition 33 on Los Angeles Housing Market

K3 Holdings

K3 Holdings, a privately held real estate investment firm with extensive holdings throughout the United States and Alpine LA Properties, a leasing company providing newly remodeled apartments at affordable rates in Los Angeles voiced concern today about debate over California Proposition 33. Proposition 33 moves the decision of rent control laws into the hands of municipalities. While the proposal is intended to support vulnerable renters, via rent control and/or vacancy control solutions, many within the real estate and housing industries are raising concerns about its potential impact on housing availability. As municipalities create new legislation and regulations, many of these policies may have unintended negative consequences, especially for low-income families. Some experts are warning that Proposition 33 may result in fewer affordable housing options and discourage investment in new development, exacerbating the city's housing crisis. “As a property management company with deep roots in the Los Angeles community, we are committed to supporting renters and ensuring the availability of safe, affordable housing options,” stated Michael Kadisha, a Principal of K3 Holdings. “We have long been a resource to local leaders and policymakers, offering insights into the needs of renters and the realities of the housing market, and we look forward to further collaboration.” “While we understand and respect the goals behind Proposition 33, we are concerned that its unintended consequences will be harmful to the very communities it aims to protect. Proposition 33 could reduce the supply of housing options, especially for low-income families, by discouraging new development and forcing out existing property owners. This could exacerbate the housing crisis, not alleviate it,” Michael Kadisha continued. “By making it financially untenable for real estate owners and developers to operate, this proposal may inadvertently limit the number of available homes, leading to fewer choices for renters and higher prices in the long term,” Nathan Kadisha a K3 Principal added. “Surely this is not what local leaders, and the community is intending with these proposals.” “Our goal is to remain a partner in crafting balanced, effective housing policies that protect renters while also ensuring a healthy, sustainable housing market. We stand ready to work with city leaders to find solutions that benefit both renters and property owners alike,” Nathan Kadisha continued. While K3 does not endorse or reject any specific legislation and refrains from political involvement, its sole focus remains on building strong communities and helping renters thrive. About K3 Holdings and Alpine LA Properties K3 Holdings and Alpine LA Properties are committed to creating strong, vibrant communities through thoughtful property management and a focus on fostering neighborly connections. By hosting community events and providing quality living spaces, we strive to make our neighborhoods places where residents feel a sense of pride and belonging. ### For more information or to schedule an interview with a K3 spokesperson, please contact Dan Rene at 202-329-8357 or dan@danrene.com Contact Details K3 Holdings/Alpine LA Properties Dan Rene +1 202-329-8357 dan@danrene.com Company Website https://k3holdings.com/

October 29, 2024 02:00 PM Eastern Daylight Time

MetaProp Accelerator at Columbia University Announces 2025 Program and Open Applications Period

MetaProp

MetaProp announced today the launch of applications for the 2025 MetaProp Accelerator at Columbia University, the world's premier PropTech Accelerator based in the heart of New York City. The flagship 22-week program connects up to 8 early-stage startups from around the world to award-winning investors, industry mentors, and diverse real estate, technology, and institutional partners. Entering its milestone 10th year, the MetaProp Accelerator has graduated over 50 startups, which have collectively raised more than $200 million in venture funding and achieved notable exits, including 6 acquisitions by industry leaders such as JLL, Comcast, Realtor.com, and Alarm.com. MetaProp is looking into several timely investment verticals to be represented within its 2025 cohort. Co-Founder and General Partner Zach Aarons commented, “Buildings account for two-thirds of the greenhouse gas emissions in New York City. After Local Law 97 was passed in 2019, it’s become imperative for MetaProp to identify and help grow emerging technologies in the decarbonization sector. In addition to climate tech, we’re looking into PropTech innovations touching artificial intelligence, software for affordable housing, and construction robotics.” The Accelerator provides a direct line into MetaProp’s stakeholders’ collective strength while giving unprecedented access to strategic funding and new enterprise clients worldwide. Detailed benefits include: Up to $250,000 in financing 22-week program focused on driving business growth and accelerated market penetration Curated access and introductions to industry decision-makers, technology pilots, premier sources of investment capital, and international media Free office space in Midtown Manhattan at the PropTech Place innovation hub Participation in exclusive Pilot Days and Demo Days, along with discounted or free attendance at numerous local, national, and international industry events. Pairing with select C-level mentors from MetaProp’s real estate industry mentor network Dedicated MetaProp VC platform services Access to consortium program partners, as well as free goods and services Historically, MetaProp limited partners including CBRE, JLL, Cushman & Wakefield, RXR, and PGIM have been deeply engaged throughout the 22-week accelerator programs. The new 2025 program also includes a renewed partnership with the Real Estate Board of New York (REBNY). REBNY members will have exclusive opportunities to engage with cutting-edge PropTech innovations through events, pilot days, and mentorship programs. Sandhya Espitia, REBNY Chief Operating Officer, stated, "REBNY is proud to support MetaProp's Accelerator and is excited to see the innovative solutions to come out of this year's program. As New York City's premier trade association for the real estate industry, we understand the importance of engaging in PropTech efforts that solve real issues for our city and our industry." MetaProp unveiled the first company in its landmark cohort: BuildrFi, a Miami-based startup transforming the construction industry by simplifying financial workflows and enabling project-based financing. “At BuildrFi, we’re committed to solving one of the industry’s biggest challenges: payment delays,” said Isabel Rodriguez, Founder and CEO at BuildrFi. “We’re honored to be the first company selected for MetaProp’s 2025 Accelerator program. With MetaProp’s unparalleled network of industry leaders and our team’s deep expertise in this category, we’re ready to scale our impact and drive meaningful change across the sector.” The application deadline for the 2025 MetaProp Accelerator at Columbia University is December 31, 2024. Learn more and apply to the new program here: metaprop.com/accelerator About MetaProp MetaProp is a New York-based venture capital firm focused on the real estate technology (“PropTech”) industry. Founded in 2015, MetaProp’s investment team has invested in 175+ technology companies across the real estate value chain. The firm manages multiple funds for both financial and strategic real estate investors that represent a pilot- and test-ready sandbox of 20+ billion square feet across every real estate asset type and global market. The firm’s investment activities are complemented by pioneering community leadership including the PropTech Place innovation hub, MetaProp Accelerator at Columbia University programs, global events including NYC Real Estate Tech Week, and publications Global PropTech Confidence Index and PropTech 101. Contact Details MetaProp Wes Mizell wmizell@metaprop.com Company Website https://www.metaprop.com/

October 17, 2024 01:15 PM Eastern Daylight Time

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