Sun Belt

NeoVolta Systems to be Deployed in EOS Linx EV Charging Stations at Major Hotel Brand

Retrieved on: 
Tuesday, September 27, 2022

This initial phase of installations continues an expected nationwide rollout of NeoVolta batteries in 1,000 EOS Linx charging stations at various hotel chains, gas stations, and convenience stores nationwide over the next three years.

Key Points: 
  • This initial phase of installations continues an expected nationwide rollout of NeoVolta batteries in 1,000 EOS Linx charging stations at various hotel chains, gas stations, and convenience stores nationwide over the next three years.
  • Travelers will enjoy the convenience of charging their electric vehicles with EOS Charge Stations at these hotel locations, says EOS Linx CEO Blake Snider.
  • Through its relationship with EOS Linx , NeoVolta will provide customized energy storage systems and intelligent power management for the EOS charging stations.
  • About EOS Linx - EOS Linx combines solar energy and energy storage in its charging stations to support a more renewable electrification solution for electric vehicle charging, performing even when grid power is interrupted.

Sun Belt Homebuyers Are Backing Out of Purchases at a Higher Rate Than Anywhere Else in the U.S.

Retrieved on: 
Monday, September 26, 2022

Homebuyers were most likely to back out of deals in Sun Belt cities that surged in popularity and price during the pandemic, such as Phoenix, Tampa and Las Vegas.

Key Points: 
  • Homebuyers were most likely to back out of deals in Sun Belt cities that surged in popularity and price during the pandemic, such as Phoenix, Tampa and Las Vegas.
  • Some buyers may also be backing out of deals because theyre waiting to see if home prices fall.
  • The average 30-year-fixed mortgage rate hit 6.29% last weekthe highest since 2008sending the typical homebuyers monthly mortgage payment up 45% from a year ago.
  • All 10 metros above are located in the Sun Belt, which surged in popularity among homebuyers during the pandemic.

New Head Basketball Coach Returns Home to Clark Atlanta University

Retrieved on: 
Friday, September 23, 2022

ATLANTA, Sept. 23, 2022 /PRNewswire/ -- In a loop that took him from Clark Atlanta University (CAU) to the University of Arkansas at Little Rock, then to neighboring Morehouse College, Alfred Jordan is returning home to where it all began for him: he is the new head basketball coach for the CAU Basketball team.

Key Points: 
  • ATLANTA, Sept. 23, 2022 /PRNewswire/ -- In a loop that took him from Clark Atlanta University (CAU) to the University of Arkansas at Little Rock, then to neighboring Morehouse College, Alfred Jordan is returning home to where it all began for him: he is the new head basketball coach for the CAU Basketball team.
  • But now I'm ready to get to work here at my alma mater Clark Atlanta University."
  • Jordan shared that his foundation as a Clark Atlanta graduate has significantly impacted how he coaches and approaches life.
  • He followed former CAU head coach Darrell Walter to serve for two years as an assistant coach at the University of Arkansas at Little Rock.

Urban Edge Properties Announces Appointment of Katherine M. Sandstrom to Board of Trustees

Retrieved on: 
Tuesday, September 20, 2022

Urban Edge Properties (NYSE: UE) today announced the appointment of Katherine M. Sandstrom to the Companys Board of Trustees, effective October 1, 2022.

Key Points: 
  • Urban Edge Properties (NYSE: UE) today announced the appointment of Katherine M. Sandstrom to the Companys Board of Trustees, effective October 1, 2022.
  • Ms. Sandstrom will also serve as a member of the Audit Committee and the Corporate Governance and Nominating Committee.
  • Ms. Sandstrom served on the Global Management Committee, the Board of Managers, and the Allocation Committee during her tenure at Heitman LLC.
  • Urban Edge Properties is a NYSE listed real estate investment trust focused on managing, acquiring, developing, and redeveloping retail real estate in urban communities, primarily in the Washington, D.C. to Boston corridor.

Affiliates of Lone Star Funds Acquire Multi-Family Portfolio

Retrieved on: 
Tuesday, September 20, 2022

Lone Star today announced that affiliates of Lone Star Funds have acquired a multi-family property portfolio from affiliates of Transcontinental Realty Investors and Macquarie Capital.

Key Points: 
  • Lone Star today announced that affiliates of Lone Star Funds have acquired a multi-family property portfolio from affiliates of Transcontinental Realty Investors and Macquarie Capital.
  • This is an attractive opportunity to acquire a large-scale, diversified portfolio of newer vintage, well-located, and well-maintained multi-family properties across the Sunbelt, said Andr Collin of Lone Star, President, Commercial Real Estate Funds.
  • Lone Star, founded by John Grayken, is a leading private equity firm advising funds that invest globally in real estate, equity, credit and other financial assets.
  • Since the establishment of its first fund in 1995, Lone Star has organized 21 private equity funds with aggregate capital commitments totaling approximately $85 billion.

Matt Tracy Brings Decades of High-Performance it Experience to RangeWater as New Managing Director of Innovation and Technology

Retrieved on: 
Tuesday, September 20, 2022

ATLANTA, Sept. 20, 2022 /PRNewswire-PRWeb/ -- RangeWater Real Estate has hired Matt Tracy as managing director of innovation and technology, a new position overseeing the real estate firm's enterprise strategy as the company expands across the Sun Belt and Mountain West nearing 100,000 units under management.

Key Points: 
  • In this role, Tracy will accelerate RangeWater's overarching innovation strategy to further the company's position as a multifamily leader in PropTech.
  • It's the future - a future where building science, experience and technology combine to deliver a consistent experience to its end user."
  • Technology presents a unique opportunity for developers to elevate the customer experience, improve operational efficiency and minimize risk while generating significant value for stakeholders.
  • Tracy adds that in his experience, some construction and multifamily firms have been slow to implement new building techniques and technology.

InvenTrust Properties Corp. Announces Quarterly Cash Dividend

Retrieved on: 
Thursday, September 15, 2022

InvenTrust Properties Corp. (InvenTrust IVT or the Company) (NYSE: IVT) announced today that its Board of Directors declared a quarterly cash distribution of $0.2052 per share of common stock for the quarter ending September 30, 2022.

Key Points: 
  • InvenTrust Properties Corp. (InvenTrust IVT or the Company) (NYSE: IVT) announced today that its Board of Directors declared a quarterly cash distribution of $0.2052 per share of common stock for the quarter ending September 30, 2022.
  • InvenTrust Properties Corp. (we, the Company, our, us, "IVT" or "InvenTrust") is a premier Sun Belt, multi-tenant essential retail REIT that owns, leases, redevelops, acquires and manages grocery anchored neighborhood and community centers as well as high-quality power centers that often have a grocery component.
  • We pursue our business strategy by acquiring retail properties in Sun Belt markets, opportunistically disposing of retail properties, maintaining a flexible capital structure, and enhancing environmental, social and governance (ESG) practices and standards.
  • Investors and others should note that InvenTrust routinely announces material information to investors and the marketplace using U.S. Securities and Exchange Commission filings, press releases, public conference calls, webcasts and the InvenTrust investor relations website.

Madison Communities breaks ground on Madison Century Farms in Suburban Nashville, TN.

Retrieved on: 
Thursday, September 15, 2022

CHARLOTTE, N.C., Sept. 15, 2022 /PRNewswire/ --Madison Communities, an affiliate of Madison Capital Group, has recently broken ground on 266 units located in Century Farms, a mixed-use master- planned development located in Antioch, TN.

Key Points: 
  • CHARLOTTE, N.C., Sept. 15, 2022 /PRNewswire/ --Madison Communities, an affiliate of Madison Capital Group, has recently broken ground on 266 units located in Century Farms, a mixed-use master- planned development located in Antioch, TN.
  • Located within Century Farms, the community will be called Madison Century Farms and construction will begin in September.
  • Madison Century Farms will feature 266 units with surface parking.
  • "We remain very active in Nashville across both our Multifamily and Self- Storage platforms," said Ryan Hanks, CEO of Madison Capital Group.

CARROLL Continues Success With the Sale of 520 Units in Dallas-Fort Worth Suburb

Retrieved on: 
Wednesday, September 14, 2022

ATLANTA, Sept. 14, 2022 (GLOBE NEWSWIRE) -- CARROLL , a national real estate investment firm, today announced the sale of a 520-unit, garden-style community in Carrollton, Texas, a suburb of the Dallas-Fort Worth metro.

Key Points: 
  • ATLANTA, Sept. 14, 2022 (GLOBE NEWSWIRE) -- CARROLL , a national real estate investment firm, today announced the sale of a 520-unit, garden-style community in Carrollton, Texas, a suburb of the Dallas-Fort Worth metro.
  • The property represented the last remaining asset from a three-community portfolio acquired in 2017 that accounted for more than 1,100 total units.
  • "Exiting the final asset from that 2017 acquisition marks another milestone in our Firm's evolution," said Patrick Carroll, Founder and CEO of CARROLL.
  • The national owner and operator recently announced the final closing of its seventh investment vehicle , Carroll Multifamily Venture VII, L.P.

Nitya Capital Acquires Student Housing Properties in Mississippi and North Carolina

Retrieved on: 
Tuesday, September 13, 2022

Nitya Capital, a national real estate investment firm headquartered in Houston, announced the acquisition of two Class A student housing properties in the Sunbelt region, increasing its student housing portfolio to nine total assets spanning eight universities in five states.

Key Points: 
  • Nitya Capital, a national real estate investment firm headquartered in Houston, announced the acquisition of two Class A student housing properties in the Sunbelt region, increasing its student housing portfolio to nine total assets spanning eight universities in five states.
  • The first property, located in Starkville, Mississippi, was acquired from FPA6 The Pointe, LLC for an undisclosed amount.
  • The second property is in Greenville, North Carolina, and was acquired from a major investment management firm for an undisclosed amount.
  • We are excited to add these two popular student housing communities to our investment portfolio given their proximity to high profile institutions and the quality condition theyre in, said Nitya Capital CEO Swapnil Agarwal.