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Leaders in Real Estate Weigh in on National Rent Cap Proposals

K3 Holdings

K3 Holdings, a privately held real estate investment firm with extensive holdings throughout the United States issued a statement today regarding the recent proposal by the President of the United States to implement a national cap of 5% on annual rent increases. While leaders of K3 Holdings and Alpine LA Properties commend the White House's effort to address the escalating costs of housing, leaders believe that the proposed one-size-fits-all approach falls short in addressing the complexities of housing affordability across diverse regions. "Rent control policies, like the proposed national cap, are intended to stabilize housing expenses for tenants. However, the effectiveness of such policies, especially at a national level, remains a contentious issue," said Michael Kadisha, Principal of K3 Holdings. "While rent stabilization can provide much-needed stability to tenants, the recent White House proposal overlooks the crucial ties to economic metrics and the diverse circumstances of renters and property managers." Housing markets vary significantly across the United States, and what works in one region may not be suitable for another. Existing local rent control measures reflect regional nuances but would fall short if implemented on a national scale. "In addition to relieving pressure on renters, it is essential to recognize that landlords also face increasing costs in maintaining properties," added Nathan Kadisha, Principal of K3 Holdings. "While rent controls might stabilize or reduce rent increases, they do little to address the rising operational costs landlords face, such as maintenance, utilities, insurance, and other expenses." Market dynamics heavily influence rent prices, with supply and demand playing critical roles. Policies that discourage new construction or renovations due to stringent rent caps could exacerbate housing shortages, driving rents even higher in the long run. “Effective policy making demands a balanced approach —one that prioritizes stability, fairness, and inclusivity,” Nathan Kadisha continued. “By fostering collaboration between policymakers, tenants, landlords, and other stakeholders, we can work towards building stronger communities where safe, stable, and affordable housing is accessible to all.” “As property managers, K3 Holdings stands ready to engage in constructive dialogue and collaboration towards these shared goals. Together, we can envision a future where housing insecurity is a thing of the past, and every individual and family can thrive in a home they can afford,” Michael Kadisha said. “By striving for comprehensive, locally adaptable solutions, we can pave the way towards a more equitable housing landscape for all Americans.” ### 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 Dan Rene +1 202-329-8357 dan@danrene.com

July 25, 2024 02:15 PM Eastern Daylight Time

Caddis Cloud Solutions: A New Force in Cloud Infrastructure and Data Center Development

Caddis Cloud Solutions

Today marks the debut of Caddis Cloud Solutions, a global advisory firm specializing in Data Center development, cloud capacity sourcing and end-user deployment. Previously known as CloudSphere Consulting, Caddis is poised to leverage its deep industry expertise to help its clients around the globe provide and capture cloud capacity. The global data center market is projected to grow to $792.29 billion by 2032, marking a 241% increase from 2023. According to CBRE, as of the first quarter of this year, roughly half of the current data center capacity is under construction, with 84% already allocated. "Today, there is a critical shortage of cloud capacity to meet the burgeoning demand for cloud space. Our mission at Caddis is to help bridge this gap and deliver cutting-edge solutions that address the complex demands of the modern data center landscape," said Scott Jarnagin, founder and CEO of Caddis. Within this rapidly expanding market, Caddis sets itself apart through its comprehensive, end-to-end service model. On the supply side, the company collaborates with real estate developers, infrastructure firms, and data center operators to enhance cloud capacity. Additionally, Caddis works closely with hyperscalers and AI/GPU infrastructure providers to identify opportunities for increasing cloud capacity for their clients. In each engagement, the Caddis team delivers tailored solutions, enabling stakeholders to navigate complexities and achieve their technological and operational goals. To further highlight its distinct approach, Caddis emphasizes a collaborative strategy that combines industry-leading technology with strategic partnerships. This synergy not only accelerates the deployment of high-demand infrastructure but also ensures that clients benefit from scalable cloud solutions. Through innovative project management and a commitment to excellence, Caddis is transforming the landscape of cloud infrastructure. Caddis is led by Jarnagin, who brings over 25 years of industry experience. Prior to founding Caddis, he led cloud service deployments as the head of the Site Selection team at Oracle Cloud Infrastructure. His extensive background also includes a high-visibility role at Microsoft, where he specialized in global project management, vendor management, and infrastructure as a service. “Caddis Cloud Solutions is not just a new name in the industry, we are a new paradigm in cloud infrastructure development. We are committed to building strategic partnerships and innovative projects that pave the way for future advancements,” said Jarnagin. “As we continue to expand, we are steadfastly focused on launching groundbreaking projects globally and forging strategic partnerships that reinforce our status as a leader in comprehensive cloud and data center solutions.” Caddis Cloud Solutions is a premier global advisory firm specializing in strategic Data Center development, cloud capacity sourcing, and end-user deployment. With over 25 years of experience in bridging the gap between cloud capacity supply and demand, the firm ensures clients – from hyperscalers to enterprises, to cloud infrastructure providers, data center developers and operators, and others – receive tailored solutions for their cloud infrastructure needs. Caddis aims to form long-term partnerships with clients that extend beyond single engagements. For more information, please visit: www.caddiscloud.com Contact Details Kite Hill PR Lara Schembri lara@kitehillpr.com Company Website https://caddiscloud.com/

July 22, 2024 09:00 AM Eastern Daylight Time

Freelance jobs grow despite AI, finds new data from Freelancer.com

FREELANCER.COM

Freelancer.com (ASX: FLN), the world’s largest freelancing and crowdsourcing marketplace by number of users and jobs posted, today released its quarterly Fast 50 Index for Q2 2024 based on data from 251,000 jobs posted to the platform. Computer Security (up 27.1% from 868 to 1,103 jobs) emerges as the fastest-growing freelance skill on Freelancer.com, based on job postings across more than 2,000 skill categories from April 1 to June 30, 2024. This trend in cybersecurity skills suggests more small-to-medium businesses are turning to freelancers for cyber security support, further backed by Network Administration (up 9.9%, from 1,229 to 1,351) also placing in the top 25 fastest growing jobs on the platform. The data also shows no negative impact on generative AI tools on freelance jobs, evident in the growth of Writing, Business Service, and Legal Skills seen in this quarter’s Fast 50 report, all of which were predicted to decrease with the rise in generative AI. PDF writing (up 26.7%, from 2,533 to 3,210) was the second fastest growing job, followed by third place being Microsoft Word (up 23.9%, from 3,368 to 4,173) projects which are also associated with content writing. Writing job Copy Typing came in at the 16th place, growing 11.6% (from 4,428 to 4,941). Legal jobs, which were expected to have been ‘at threat’ to AI, have also increased (up 12.0% from 1,138 to 1,274), as well as Legal Research (up 10.8% from 917 to 1,016). In addition to the index, Freelancer.com ’s annual AI survey, which surveyed more than 4,100 workers globally, investigated AI impact on income and the initial results are shedding light on earnings. When asked how the introduction of AI tools have impacted earnings, more than half of workers (52.5%) reveal they’re earning either the same or more. One fifth (19.2%) say that they’re earning a lot more since generative AI tools were introduced, while only one sixth (17.7%) admit to earning less. “AI is creating more jobs than it takes. While many critics continue to speculate which jobs will be made redundant with AI tools, the data shows that freelance jobs which are labeled as the ‘most at risk to AI disruption’ are in fact growing. The preliminary results from our AI survey also dispel the myth that freelancer are earning less since the introduction of generative AI as more three quarters of workers we surveyed are either earning the same or earning more, with a subset taking advantage of AI and earning a lot more.” said Matt Barrie, Chief Executive at Freelancer.com. Cybersecurity threats are on the rise across all organizations, but are particularly harmful for small-to-medium sized businesses (SMBs) which have little-to-no security expertise and usually minimal protection. As a result, businesses turned to freelancers for help. In 2Q24, Computer Security jobs ranked as the fastest growing skills (up 27%), indicating there has been an uptick in cyber security threats targeting SMBs. Many of the projects posted throughout the quarter require help with network security, security assessments to identify potential vulnerabilities, and creation of cyber security response play books. General business services are also increasing on the platform as more employers are hiring freelancers to support their small businesses. A clear indication of this is the popularity of Market Research and Telemarketing jobs coming in as the fourth and fifth fastest growing skills in Q2 2024, up by 21.1% (from 1,525 to 1,859) and 19.4% (from 1,177 to 1,405), respectively. Other business related skills grew in Q2 2024, including Sales (up 15.5% from 3.467 to 4,005), Lead Generation (up 12.2% from 1,802 to 2,021) and Business Plans (up 10.9% from 1,197 to 1,328). A sudden increase in General business services means that many of the new businesses, which are usually started at the beginning of the year, now require further assistance in helping grow and scale their business. Fastest Falling Skills for Q2 2024 The main category of jobs that fell in Q2 2024 was eCommerce related jobs, which saw a significant increase in Q1 2024. Shopify Templates, ranked as the fastest falling skill and was down by 13% (from 1,476 to 1,284). CSS, which is commonly used in website development, was also down (11.8% from 9.486 to 8,368). Both WooCommerce (from 1.072 to 952) and Shopify (2,545 to 2,269) also fell in the quarter. The easing of eCommerce jobs in this quarter was mainly due to seasonality. Typically, entrepreneurs will start a business at the beginning of the year, requiring help to set up their websites or eCommerce platforms. From there, the entrepreneur either pivots to hiring freelancers for other business services, such as sales or research which we’ve seen in Q2 2024 fastest growing jobs, or are equipped with enough to run their business without any further help. Fastest Growing Overall Job The most popular online freelancing job by total volume is currently Graphic Design with almost double the amount of projects than the other top skills. Graphic Design is followed by PHP (programming), Photoshop, Website Design and HTML (programming). These are typically the best skills for any new freelancer to focus on initially when starting their freelancing journey. How Electronic Repairs Are Becoming the Fastest Growing Skill Globally Electronic Repairs has emerged as one of the fastest-growing job categories on the platform over the past year. In Q2 2024, it ranked 19th among the top 25 fastest-growing jobs, with a 10.7% increase (from 14,945 to 16,548 jobs). However, its most impressive growth is evident in the year-over-year comparison, where Electronic Repairs jobs surged by 162%, from 6,315 in Q2 2023 to 16,548 in Q2 2024. Electronic Repairs are in-person jobs where freelancers are deployed across select countries and cities to fix laptops, printers and computer hardware as part of the Freelancer Global Fleet Program. ##### Freelancer.com Fast 50 The Freelancer.com Fast 50 index is the world’s largest forward indicator of trends in online jobs related to industries, technologies, products, and companies. The data is based on 251,000 jobs posted to the Freelancer.com platform between 1st April to 30th June 2024. Data: Fast 50 Quarterly Index – Q2 2024 2023 Q2 v 2024 Q2 Fastest Growing Jobs for Q2 2024 Fastest Falling Jobs for Q2 2024 About Freelancer Twelve-time Webby award-winning Freelancer.com is the world’s largest freelancing and crowdsourcing marketplace by total number of users and projects posted. More than 74 million registered users have posted over 23.8 million projects and contests to date in over 2,000 areas as diverse as website development, logo design, marketing, copywriting, astrophysics, aerospace engineering and manufacturing. Freelancer owns Escrow.com and Loadshift. Freelancer Limited is listed on the Australian Securities Exchange under the ticker ASX:FLN and is quoted on OTCQX Best Market under the ticker FLNCF. Contact Details Freelancer.com Marko Zitko +1 650-800-6863 mzitko@freelancer.com

July 18, 2024 07:00 AM Eastern Daylight Time

Leaders in Real Estate Advocate for Cooperative Approaches to Address Housing Crisis

K3 Holdings

K3 Holdings, a privately held real estate investment firm with extensive holdings throughout the United States is advocating for collaboration as stakeholders consider housing policies to combat homelessness. In a recent article published by The Mortgage Note and a blog post at the K3 Holdings and Alpine LA Properties websites, leaders stressed the need for cooperative approaches to policies that can address housing options, especially for disadvantaged populations. “At K3 Holdings and Alpine LA Properties, we experience firsthand the complex challenges faced by both landlords and tenants in the quest for safe and adequate housing. The ongoing economic turbulence, driven by higher interest rates and inflation, underscores the urgency for cohesive, sensible housing policies. As political leaders seek effective solutions, expanding the perspectives at the table is essential,” stated Nathan Kadisha, a K3 Principal. “Safe and adequate housing is a cornerstone for community stability and prosperity—it is a moral imperative. When families struggle to find stable homes, the repercussions ripple through society, leading to increased homelessness and pressure on social services. This issue affects every facet of our communities, highlighting the critical need for effective policy solutions.” According to Kadisha, effective housing policy should create mutually beneficial outcomes for both landlords and tenants. Unfortunately, policy debates often frame these groups as adversaries, competing for limited resources. This adversarial mindset overlooks the shared goals and common interests that can unite landlords and tenants. While often considered unlikely allies, landlords have a vested interest in advocating for policies that support tenants and promote vibrant, inclusive communities. Advocacy from property companies can help ensure the financial health of investments and fosters environments where tenants can thrive. “As stakeholders continue to seek solutions, policymakers should work collaboratively to address the root causes of housing insecurity while protecting property owners' interests. This approach can solve critical issues facing all parties. Unlike so many political battles, when it comes to affordable housing policies, one group does not have to lose for another to win,” Kadisha continued. One key area for sensible policy action is rent stabilization. Thoughtfully implemented rent stabilization can provide tenants with the stability they need while allowing landlords to earn a fair return. By capping annual rent increases at a rate tied to inflation, we can ensure rental housing remains affordable without imposing undue burdens on property owners. Ensuring fair treatment for tenants and landlords alike helps build stronger, more resilient communities. “As property managers, we bring a unique perspective to the table, balancing tenant needs with our business interests. Lopsided policies can harm the broader community, making it imperative for us to advocate for balanced, unifying housing policies. By working together, we can bridge the gap between stakeholders and pave the way for a more equitable, sustainable housing market.” Addressing the current housing crisis demands bold, visionary leadership from policymakers. By prioritizing policies that promote stability, fairness, and inclusivity, stronger communities where everyone has access to safe, stable, and affordable housing can be built. Property managers are ready to collaborate with policymakers, tenants, and other stakeholders to realize this vision. ### 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

July 17, 2024 10:00 AM Eastern Daylight Time

Mosquito Control Urgent as Virginia Faces Worst Season: Diamond Exterminators Provides Relief

Diamond Exterminators

This year, mosquitoes are proving to be a bigger nuisance than ever, particularly in Virginia. Multiple cities in Virginia have made the top list for the worst mosquito problems, with Norfolk ranking in the top 25 worst cities for mosquitos. Diamond Exterminators, a leader in pest control services, is stepping up to help residents combat this growing issue with their comprehensive mosquito control services. According to the Centers for Disease Control and Prevention, the total human disease count of West Nile Virus (WNV) in 2023 was over 2,400, with 47 states, including Virginia, reporting cases. Experts warn that the problem could be even worse this year due to the mild and wet winter, making mosquito control more crucial than ever. Connor Eason, Vice President of Diamond Exterminators, commented, “We recognize the heightened problems mosquitoes are causing this year. Balancing a treatment program that effectively controls mosquitoes while protecting pollinators is crucial. Significant advances in mosquito control have introduced safe alternatives. However, effective control involves more than just spraying; a skilled exterminator can also help you find simple ways to reduce the mosquito population and recommend natural alternatives.” Diamond Exterminators not only offers advanced mosquito treatment programs but also provides valuable tips for homeowners to reduce mosquito populations in their yards. Here are some expert tips from Diamond Exterminators: 1. Eliminate Standing Water Mosquitoes breed in stagnant water, so regularly emptying water from flowerpots, birdbaths, and gutters can significantly reduce their numbers. 2. Maintain Your Yard: Keep grass and shrubs trimmed to minimize resting areas for mosquitoes. 3. Use Natural Repellents: Plant mosquito-repelling plants such as citronella, lavender, and marigolds. 4. Install Screens: Ensure all windows and doors have screens to prevent mosquitoes from entering your home. 5. Utilize Mosquito Traps: Strategic placement of mosquito traps can help reduce the mosquito population around your home. As mosquito problems continue to rise, Diamond Exterminators remains committed to providing safe and effective solutions for the community. Their comprehensive approach to mosquito control ensures that residents can enjoy their outdoor spaces without the constant nuisance of mosquitoes. For more information about Diamond Exterminators' mosquito control services and tips for keeping your yard mosquito-free, visit https://www.diamondexterminators.com/mosquitoes. Diamond Exterminators is a premier pest control company dedicated to providing top-quality pest management solutions for residential and commercial properties. With over 20 years of industry experience, our expert team employs state-of-the-art technology and environmentally friendly methods to ensure effective and sustainable pest control. We pride ourselves on our commitment to customer satisfaction, offering personalized service plans tailored to meet the unique needs of each client. At Diamond Exterminators, our mission is to create safe, healthy, and pest-free environments for our community. For more information, visit www.diamondexterminators.com. #DiamondExterminators #MosquitoControl #VirginiaMosquitoProblem #WestNileVirus #MosquitoTips #NorfolkMosquitoes Contact Details Diamond Exterminators Connor Eason +1 757-545-2001 admin@diamondexterminators.com Company Website https://www.diamondexterminators.com/

July 12, 2024 02:41 PM Eastern Daylight Time

XLRE ETF: An Exploration to the Real Estate Sector

Select Sector SPDR

Since its introduction in 2015, the Select Sector SPDR Real Estate Sector ETF ( XLRE ) has served as a tool for investors interested in exploring opportunities within Real Estate Investment Trusts (REITs), Real Estate Management, and Development markets. Highlighting industries such as Industrial, Data Center, and Telecommunications, XLRE presents a targeted yet broad strategy for real estate investment. The fund currently maintains a portfolio of 31 REITs dedicating a substantial share—more than 60%—to its top ten holdings. This allocation strategy demonstrates XLRE's approach to maintaining a diversified, yet focused, portfolio of real estate investments. Prominent Holdings* Include: ProLogis (10.53%) American Tower A (9.20%) Equinix Inc (7.27%) Welltower (6.31%) Simon Property A (5.01%) Digital Realty Trust (5.00%) Realty Income (4.66%) Public Storage (4.61%) Crown Castle (4.30%) Extra Space Storage (3.33%) XLRE's portfolio is designed to cater to a variety of investor preferences. Another feature of XLRE is its expense ratio of only 0.09%**, offering a cost-effective pathway for those looking to enter the real estate sector. Moreover, XLRE's practice of daily reporting on portfolio holdings and allocations promotes transparency, providing investors with a clear picture of where their funds are allocated. Investor Considerations Investors considering ETF investments have the opportunity to gain exposure to specific sectors as well as the potential for focused investment strategies. By including only S&P 500 component companies, XLRE enables investors to align their real estate investments with mostly large cap names in the sector. Overview of XLRE The Real Estate Sector ETF ( XLRE ) aims to simplify investor access to the REIT & Real Estate Management & Development markets, zeroing in on sectors like Industrial, Data Center, and Telecommunications. With its diversified portfolio, low expense ratio, and dedication to transparency, XLRE represents a noteworthy opportunity for investors aiming to broaden their real estate investment horizons. 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 6/30/24 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 non-diversification 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 the 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. SEL007650 EXP 9/30/24 Contact Details Dan Dolan +1 203-935-8103 dan.dolan@sectorspdrs.com Company Website https://www.sectorspdrs.com/

July 12, 2024 05:00 AM Eastern Daylight Time

HomeSphere and RM Interiors Partner on Flooring Savings for Homebuilders

HomeSphere

HomeSphere, the leading platform connecting building product manufacturers to mid-market homebuilders, today announced its newest partnership with homebuilding industry service provider, RM Interiors. With this unique partnership, HomeSphere’s network of 2,700+ U.S. builders now have access to RM Interiors’ (RMI) turnkey program which includes sourcing and installation of vinyl plank, tile, carpet and more from the nation’s leading flooring manufacturers. "RM Interiors is one of the first HomeSphere partners to offer end-to-end purchasing and labor services,,” said HomeSphere President and CEO Greg Schwarzer. “RMI installs thousands of flooring units per month across the country in both new construction and renovation projects. Now, our builders can leverage their expertise to build more homes faster and improve margins.” RMI is a full-service residential flooring installation partner with local warehouses and field teams across U.S. markets. Because RMI offers products, labor, installation, and stages from local sites, HomeSphere builders will save valuable time and cost on a home’s most expensive line item. “Flooring is one of the most significant interior expenses on any construction project,” said RMI Director of Business Development Cole Bennett. “RMI’s system finds efficiencies by managing products, labor and installation under one brand and we look forward to extending those savings - and more - to HomeSphere builders.” 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 RM Interiors RM Interiors is a national, full-service flooring installation company for builders, contractors, ownership groups, and property management professionals. Over the last decade, RMI has opened 18 locations and installed carpet, vinyl, and tile in hundreds of thousands of homes and apartments across the United States. For more information, visit www.rmiflooring.com/. Contact Details Tracy Henderson +1 720-989-3530 tracy@centerreachcommunication.com Company Website https://www.homesphere.com/

July 09, 2024 07:00 AM Mountain Daylight Time

You May Be Spending More On Property Taxes Than You Need To – Save On Taxes With Ownwell And Only Pay Out Of What You Save

Benzinga

By Anthony Termini, Benzinga Real estate analytics firm CoreLogic recently published a report that showed property taxes on the median single-family home in America have risen by more than 25% since 2019. During the same period, Federal Reserve data show that the average sales price of those homes rose by more than 33%. Do Higher Home Prices Justify Higher Property Tax Assessments? Higher home prices may lead many homeowners to conclude that their property tax increases are accurate and reasonable. However, property tax assessments aren’t appraisals intended to reveal a given property’s actual value. Tax assessments “aim to capture a measure of fair market value at a given point in time,” says Debbie Loesel, a Senior Tax Manager at the accounting firm Deloitte. That measure is expressed as a mill rate. Mill rates are determined by local governments as part of their annual budget process. The mill rate is set by dividing a city’s or county’s budget shortfall by an estimate of the value of real property in the jurisdiction and then dividing that number by 1,000. According to Colton Pace, co-founder of Ownwell, a company that helps homeowners lower their property tax bills, “a mill is one one-thousandth of a dollar, and in property tax terms is equal to $1.00 of tax for each $1,000 of assessment. 15 mills, therefore, is equal to $15 for every $1,000 of assessed value, or 1.5%.” Deloitte’s Loesel points out that the volume of property subject to assessment means that “jurisdictions generally rely on mass appraisal techniques.” Ownwell’s Pace suggests that this is where issues arise. He says that “the value that is put on an assessment notice is an opinion. They’re valuing millions of properties all at the same time. So there’s lots of room for errors.” What Can Homeowners Do To Lower Property Tax Bills? The first step in lowering a property tax bill is understanding the variables that go into it. Sales comparisons – the technique used by appraisers – are commonly used to assess the value of residential real estate. But this is not as straightforward as it may sound. Two homes next door to each other on the same street can still be significantly different. A typical tax assessment system won’t pick this up. “For example, you can get a discrepancy in assessments if you have an older home next to a new one,” says Ownwell’s Pace. The next step homeowners can take to lower their property tax is to work with a professional. Appealing an assessment should be based on more than just a disagreement with the bill. Hiring a local real estate attorney may help. But that process can be expensive. Firms like Ownwell can help decipher the complexity of an assessment and analyze a property to identify opportunities to reduce a tax bill without an up-front fee. Ownwell gets paid out of any tax savings its analysis finds, and its evaluations are extensive. In the states where it operates – California, Florida, Georgia, Illinois, New York, Texas and Washington – Ownwell combines proprietary technology and deep local knowledge to build evidence that a reduction is warranted. The company understands the nuances that can affect a residential property tax bill in each state. Ownwell manages an end-to-end process that includes filing paperwork, talking with local assessors and even attending appeal board hearings. When this process results in a reduced tax, the company’s fee is a portion of the homeowner’s savings. The company has been successful in securing tax reductions for some 86% of the homeowners that use its service, and Ownwell notes that the average tax savings amount to about $1,150. More importantly, customers are not charged for any work unless the taxing authority provides signed documentation that the homeowner’s final property tax bill is actually reduced. If Ownwell’s analysis identifies any risk that a property tax bill could be increased, it won’t pursue an appeal. Pace points out that it is still important to review property taxes every year to ensure that the amount billed is accurate and fair. Registering on the company’s site takes about three minutes. Entering a property address will reveal any potential tax savings and creative ways to save on other costs of homeownership. Paces says this is ingrained into its process, “Ownwell's mission is to make the cost of real estate more clear and equitable.” To find potential exemptions, homeowners can check their county tax assessment website or enter their address for a free estimate at Ownwell.com. Featured photo by Public Co from Pixabay. Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

July 09, 2024 08:50 AM Eastern Daylight Time

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Copper Property CTL Pass Through Trust Issues Monthly Reporting Package for June 2024

Copper Property CTL Pass Through Trust

Copper Property CTL Pass Through Trust (“the Trust”) has filed a Form 8-K containing its monthly report for the period ended June 30, 2024. An aggregate total distribution of $20.95 million or $0.279359 per trust certificate will be paid on July 10, 2024, to certificateholders of record as of July 9, 2024. Additional information, including the Trust’s Monthly and Quarterly Reports, as well as other filings with the Securities and Exchange Commission (“SEC”) can be accessed via the Trust’s website at www.ctltrust.net. About Copper Property CTL Pass Through Trust Copper Property CTL Pass Through Trust (the “Trust”) was established to acquire 160 retail properties and 6 warehouse distribution centers (the “Properties”) from J.C. Penney as part of its Chapter 11 plan of reorganization. The Trust’s operations consist solely of owning, leasing and selling the Properties. The Trust’s objective is to sell the Properties to third-party purchasers as promptly as practicable. The Trustee of the trust is GLAS Trust Company LLC. The Trust is externally managed by an affiliate of Hilco Real Estate LLC. The Trust is intended to be treated, for tax purposes, as a liquidating trust within the meaning of United States Treasury Regulation Section 301.7701-4(d). For more information, please visit https://www.ctltrust.net/. Forward Looking Statement This news release contains certain “forward-looking statements”. All statements other than statements of historical fact are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may be identified by the use of forward looking terminology such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “our vision,” “plan,” “potential,” “preliminary,” “predict,” “should,” “will,” or “would” or the negative thereof or other variations thereof or comparable terminology and include, but are not limited to, the Trust’s expectations or beliefs concerning future events and stock price performance. The Trust has based these forward-looking statements on its current expectations, assumptions, estimates and projections. While the Trust believes these expectations, assumptions, estimates and projections are reasonable, such forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond its control. These factors, including those discussed in the Trust’s Registration Statement on Form 10 filed with the Securities and Exchange Commission (the “SEC”), may cause its actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by these forward-looking statements. For a further list and description of such risks and uncertainties, please refer to the Trust’s filings with the SEC that are available at www.sec.gov. The Trust cautions you that the list of important factors included in the Trust’s SEC filings may not contain all of the material factors that are important to you. In addition, in light of these risks and uncertainties, the matters referred to in the forward-looking statements contained in this news release may not in fact occur. The Trust undertakes no obligation to publicly update or revise any forward-looking statement as a result of new information, future events or otherwise, except as otherwise required by law. Contact Details Jessica Cummins - Investor Relations +1 847-313-4755 jcummins@hilcoglobal.com Company Website https://ctltrust.net/about/default.aspx

July 08, 2024 04:15 PM Eastern Daylight Time

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