HOA

FirstService Residential Texas Now Manages Preston Tower Condos HOA

Retrieved on: 
Tuesday, August 15, 2023
Tower, Maintenance, FirstService, Preston Center, Dallas, Preston Tower, East Lothian, Partnership, Preston Tower, Park Cities, Texas, The Plaza, Hotel, HOA

DALLAS, Aug. 14, 2023 /PRNewswire-PRWeb/ -- FirstService Residential Texas is proud to announce that it is now providing professional management services for Preston Tower Condominiums homeowners association (HOA). The dedicated associates from FirstService Residential Texas look forward to partnering with Preston Tower Condos HOA, with the shared goal of enhancing the lives of all residents.

Key Points: 
  • DALLAS, Aug. 14, 2023 /PRNewswire-PRWeb/ -- FirstService Residential Texas is proud to announce that it is now providing professional management services for Preston Tower Condominiums homeowners association (HOA).
  • The dedicated associates from FirstService Residential Texas look forward to partnering with Preston Tower Condos HOA, with the shared goal of enhancing the lives of all residents.
  • FirstService Residential Texas provides onsite staff and manages all aspects of property maintenance and daily operations.
  • This new partnership between FirstService Residential Texas and Preston Tower Condominiums HOA marks an exciting time, especially for those who call this North Dallas landmark home (or plan on making it their future residence).

Porch Group Reports Second Quarter 2023 Results

Retrieved on: 
Tuesday, August 8, 2023
Insurance, Note, Senior, Debt-to-GDP ratio, Investment, Weather, Adjustment, Letter, Home insurance, Reinsurance, Risk management, Q3, HOA

SEATTLE, Aug. 08, 2023 (GLOBE NEWSWIRE) -- Porch Group, Inc. (“Porch Group” or “the Company”) (NASDAQ: PRCH), a leading vertical software company reinventing the home services and insurance industries, today reported second quarter results for the Company as of June 30, 2023, with total revenue of $98.8 million, which increased 39% compared to $70.9 million in the second quarter of 2022.

Key Points: 
  • The Company ended the second quarter of 2023 with unrestricted cash plus investments of $358 million.
  • In the third quarter of 2023, Homeowners of America (“HOA”), a subsidiary of Porch Group, discovered that Vesttoo Ltd (“Vesttoo”), which arranged capital for one of our reinsurance contracts, faced allegations of fraudulent activity in connection with collateral it provided to HOA and certain other third parties.
  • Porch Group revises its previously provided full year 2023 guidance based on current market conditions and expectations.
  • Catastrophic weather events in excess of historic trends occurring in the second half of the year are excluded from guidance and from this target.

Tricon Reports Q2 2023 Results Driven by Strong Housing Fundamentals

Retrieved on: 
Tuesday, August 8, 2023
REIT, Other Construction & Property, Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, Workforce, Block, Maintenance, Housing, Taylor, The Ivy (UK), Housing Corporation, SFR, Canada Mortgage and Housing Corporation, Tax, Core, Larry Tanenbaum, Recycling, Lethenteron appendix, Selby, CMHC, City, Acquisition, HOA, Section 6 of the Canadian Charter of Rights and Freedoms, NOI, Growth, Adjustment, Hand, Appendix, Video game, Real estate, Property management, Cryptocurrency, Security (finance), Tricon

The growth in NOI was primarily attributable to a $13.6 million or 14.4% increase in rental revenues as a result of a 7.3% increase in the average monthly rent ($1,792 in Q2 2023 vs. $1,670 in Q2 2022) and 3.6% portfolio growth (Tricon's proportionate share of rental homes was 21,656 in Q2 2023 compared to 20,910 in Q2 2022), and a 1% increase in occupancy (95.6% in Q2 2023 compared to 94.6% in Q2 2022).

Key Points: 
  • The growth in NOI was primarily attributable to a $13.6 million or 14.4% increase in rental revenues as a result of a 7.3% increase in the average monthly rent ($1,792 in Q2 2023 vs. $1,670 in Q2 2022) and 3.6% portfolio growth (Tricon's proportionate share of rental homes was 21,656 in Q2 2023 compared to 20,910 in Q2 2022), and a 1% increase in occupancy (95.6% in Q2 2023 compared to 94.6% in Q2 2022).
  • Single-family rental same home NOI growth was 6.3% in the second quarter of 2023, compared to the same period last year.
  • This favorable change was driven by a 6.6% increase in rental revenue as a result of a 6.7% higher average monthly rent ($1,733 in Q2 2023 compared to $1,624 in Q2 2022), an improvement in bad debt (0.9% in Q2 2023 compared to 1.8% in Q2 2022) and slightly lower occupancy (97.5% in Q2 2023 compared to 98.0% in Q2 2022).
  • Tricon's net assets were $3.8 billion at June 30, 2023, increasing by $44 million when compared to $3.8 billion as at March 31, 2023.

Associa Arizona To Host Free Financial Reporting Webinar For Managed Community Board Members

Retrieved on: 
Monday, August 7, 2023
Nursing, Auction, Property management, HOA

TUCSON, Ariz., Aug. 07, 2023 (GLOBE NEWSWIRE) -- Associa Arizona believes that an educated homeowners’ association (HOA) board is a successful board.

Key Points: 
  • TUCSON, Ariz., Aug. 07, 2023 (GLOBE NEWSWIRE) -- Associa Arizona believes that an educated homeowners’ association (HOA) board is a successful board.
  • That’s why it’s hosting a free virtual webinar to help experienced and new community board members better understand financial reporting guidelines and processes to increase efficiency and transparency.
  • The webinar, which is open to current and prospective clients, will equip attendees with the resources, skills, and training they need to make better decisions that best serve their community and homeowners.
  • Topics covered by this webinar will include financial strategies for your community, evaluation of your association’s financial health, the review of expenses, when to bid or not bid, and planning for the future and the importance of adequate reserves.

Considering Serving On Your HOA Board Of Directors? Read These Tips First!

Retrieved on: 
Wednesday, July 26, 2023
Running, Research, Feedback, Management, Bravely Default II, HOA

But while it may sound exciting to help your fellow residents, there are a few things every potential board candidate should do first.

Key Points: 
  • But while it may sound exciting to help your fellow residents, there are a few things every potential board candidate should do first.
  • Attend board meetings to familiarize yourself with issues and concerns the board deals with.
  • Within them, you will find information and guidelines about hosting a board election, election procedures, and candidate eligibility requirements.
  • Contact your community manager or local Associa branch to learn more about their next board of director education session.

Banc of California and PacWest Announce Transformational Merger and $400 Million Equity Raise from Warburg Pincus and Centerbridge

Retrieved on: 
Tuesday, July 25, 2023
Banking, Professional Services, Finance, Slate, Simon Borrows, Banq, LLP, Wachtell, Lipton, Rosen & Katz, PacWest Bancorp, Banc of California, Education, BANC, PacWest, ID, Sale, Organization, Warburg Pincus, Simpson Thacher & Bartlett, Oliver Cromwell, Jefferies Group, Federal Reserve, Skadden, Arps, Slate, Meagher & Flom, Risk, SBA, Webcast, Sullivan & Cromwell, Growth, EPS, NYSE, Economics, Bank, Security (finance), Management, Video game, Centerbridge Partners, HOA

Under the terms of the agreement, which was unanimously approved by the boards of directors of both companies, PacWest will merge into Banc of California, and Banc of California, N.A.

Key Points: 
  • Under the terms of the agreement, which was unanimously approved by the boards of directors of both companies, PacWest will merge into Banc of California, and Banc of California, N.A.
  • Under the terms of the merger agreement, PacWest stockholders will receive 0.6569 of a share of Banc of California common stock for each share of PacWest common stock.
  • Jared Wolff, President and Chief Executive Officer of Banc of California, will retain the same roles at the combined company.
  • The webcast, along with related slides, will be available on both the Banc of California website ( https://investors.bancofcal.com/news-events-and-presentations/event-cale... and the PacWest website ( https://www.pacwestbancorp.com/news-market-data/presentations/default.aspx ).

Hooters® Strengthens Global Presence, Hits Impressive International Stride with New Openings

Retrieved on: 
Tuesday, July 18, 2023
Restaurant, Food, Marketing, Nation, Overalls, HOA, Jestin, Hooters, Growth, Rest, News, Fast food, Video game

ATLANTA, July 18, 2023 /PRNewswire/ -- Hooters®, the original American wing joint, continues to strengthen its global presence by opening four international locations year-to-date, and with two more in development set to open by the end of the year. The iconic brand has made international growth a centerpiece of its overall growth strategy, with vast whitespace available overseas and in the U.S.

Key Points: 
  • The iconic brand has made international growth a centerpiece of its overall growth strategy , with vast whitespace available overseas and in the U.S.
  • Shortly to follow were openings in Durban, South Africa, an additional location in Mexico City, and one in Guatemala.
  • A focal point for all global units, these locations also provide localized offerings on each menu.
  • With 18% of the Hooters brand being international, global growth will remain a fundamental piece of the overall franchise development strategy.

SERB Pharmaceuticals acquires Vistogard® and Xuriden® from Wellstat Therapeutics

Retrieved on: 
Thursday, July 13, 2023
Epilepsy, Neutropenia, Infection, Central nervous system, Emergency, Capecitabine, Urine, SERB, Severe cutaneous adverse reactions, Toxicity, Megaloblastic anemia, Patient, HOA, Orotic aciduria, Therapy, Ticagrelor, News, Biomatrix systems theory, Pharmaceutical industry

West Conshohocken, PA, July 13, 2023 (GLOBE NEWSWIRE) -- SERB Pharmaceuticals, a global specialty pharmaceutical company, announced today that it has acquired two life-saving medicines, Vistogard® (uridine triacetate) and Xuriden® (uridine triacetate), from Wellstat Therapeutics.

Key Points: 
  • West Conshohocken, PA, July 13, 2023 (GLOBE NEWSWIRE) -- SERB Pharmaceuticals, a global specialty pharmaceutical company, announced today that it has acquired two life-saving medicines, Vistogard® (uridine triacetate) and Xuriden® (uridine triacetate), from Wellstat Therapeutics.
  • [iii]
    Jeremie Urbain, President of SERB Pharmaceuticals, said: “We’re proud to add these two treatments to our expanding portfolio of medicines for complex, life-threatening conditions.
  • BTG Pharmaceuticals, a SERB company, will promote Vistogard® and continue promoting Voraxaze® through its oncology field force in the US.
  • Today’s news follows the announcement in May that SERB has acquired the exclusive US rights to bentracimab, which is in development as a ticagrelor reversal agent.

Homeside Properties Volunteers At North Fulton Community Charities

Retrieved on: 
Thursday, July 6, 2023
Volunteering, Metro, Homelessness, Saint Andrew's Society, Wheel of Fortune, Organization, Work, Humane society, Charitable organization, HP, Hunger, Grocery store, Management, Bravely Default II, HOA

ALPHARETTA, Ga., July 06, 2023 (GLOBE NEWSWIRE) -- Homeside Properties (HP) , an Associa company and leading provider of HOA and condominium management services throughout the Metro-Atlanta area, recently volunteered with North Fulton Community Charities in Roswell.

Key Points: 
  • ALPHARETTA, Ga., July 06, 2023 (GLOBE NEWSWIRE) -- Homeside Properties (HP) , an Associa company and leading provider of HOA and condominium management services throughout the Metro-Atlanta area, recently volunteered with North Fulton Community Charities in Roswell.
  • Some HP volunteers spent their shifts receiving, counting, and organizing donations in the warehouse.
  • Since 1983, North Fulton Community Charities has worked to address homelessness and hunger in North Fulton.
  • “Homelessness and hunger continue to be a concern for so many of the communities in which we live and work,” said Homeside Properties Branch President James Arterbury.

WaterGuru Launches Commercial Business Unit

Retrieved on: 
Tuesday, June 27, 2023
Maintenance, Gladiators (2008 British TV series, series 2), Series 2, CYA, Temperature, CDC, Swimming, Risk, SENSE, Chlorine, Water, Health, PH, Hotel, Insurance, HOA

FREMONT, Calif., June 27, 2023 /PRNewswire/ -- WaterGuru, the market leader in empowering swimming pool owners with the ability to achieve resort-quality swimming water conditions, today announced a new commercial division that sells the company's SENSE Series 2 smart pool monitor directly to hotel, resort and property management companies, apartment and condominium HOA's, country clubs, pool builders and pool service firms. WaterGuru's decision to create its commercial division was simple. It was already happening organically with its customers.

Key Points: 
  • "The SENSE system is a game changer," says WaterGuru commercial customer Billy Parris, who manages 350 resort properties for Venture Resorts.
  • Commercial customers report the investment pays for itself within one or two months, and allows them to manage large portfolios of pools at scale.
  • WaterGuru commercial customer Grant Linder, owner of a pool service company that installs WaterGuru SENSE devices in each of its client's pools, says that, "by having the WaterGuru SENSE in the water at each pool, I don't necessarily have to worry about pH.
  • For more information about WaterGuru's new commercial program, please contact Jeff Siegel at [email protected] .