prnewswire | September 18, 2020
Xinyuan Real Estate Co., Ltd. , an NYSE-listed real estate developer and property manager operating primarily in China and also in other countries, today announced the completion of its offering of US$300 million in aggregate principal amount of 14.5% senior notes due 2023 (the "Notes"). The Notes are listed on the Singapore Exchange and were issued at the price of 100% plus accrued interest. The notes bear interest at a rate of 14.5% per annum. The Notes are guaranteed by certain of Xinyuan's subsidiaries and secured by a pledge of the capital stock of certain of Xinyuan's subsidiaries. Xinyuan intends to use the proceeds from the Notes offering to refinance certain offshore existing indebtedness and for general corporate purposes.
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MARKET OUTLOOK
Newgen Software | September 20, 2021
Newgen Software, a global provider of digital transformation platform, is pleased to announce that the Dubai-based Majid Al Futtaim Properties has selected Newgen to digitize its records and documents, as part of its enterprise-wide strategic digital transformation initiative.
Majid Al Futtaim Properties will use Newgen's document management system (DMS)—part of the contextual content services platform to manage business-critical records while maintaining security and ensuring regulatory compliance. Newgen will help them build a central repository for enabling remote, secure, and easy access to content. This will ensure end-to-end management of enterprise content from creation to disposal, thereby optimizing workforce collaboration and productivity.
With Newgen, Majid Al Futtaim Properties can bridge information silos and facilitate anytime-anywhere access to documents and records. We look forward to supporting their current and future digital transformation initiatives.
- Vivek Bhatnagar, VP EMEA, Newgen Software.
Newgen's DMS built on a low code digital transformation platform—enables end-to-end management of both physical and electronic records, while retaining integrity and authenticity. The software manages the complete record lifecycle, from creation, usage, storage, and maintenance to preservation all in line with the organization's policies.
About Newgen Software
Newgen is the leading provider of a unified digital transformation platform with native process automation, content services, and communication management capabilities. Globally, successful enterprises rely on Newgen's industry-recognized low code application platform to develop and deploy complex, content-driven, and customer-engaging business applications on the cloud. From onboarding to service requests, lending to underwriting, and for many more use cases across industries.
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REAL ESTATE INVESTMENT
NAS Investment Solutions | December 22, 2021
NAS Investment Solutions (NASIS), a national sponsor of high-quality real estate investment properties with a nationwide reputation for acquiring elite commercial real estate with investment grade tenants, has acquired a prime Class-A, office property in South Bend, IN.
Newly constructed in 2021, the 82,064 square-foot office building serves as the national headquarters for Press Ganey, the area's fifth largest employer and a leading provider of performance measurement and improvement services to U.S. healthcare providers. The company currently has 1600+ employees in 23 locations across the U.S. and over 41,000 customers, including over 80% of the largest U.S. hospitals and medical service providers. Press Ganey has a 98% customer-retention rating.
Assuming responsibilities for asset management and property management for the newly acquired investment is National Asset Services (NAS), one of the Nation's leading commercial real estate companies.
Since 2008, NAS has served over 2,500 investment clients and has established an impressive track record for investment property management. The track record includes generating over $585 million in cash distributions to property investors and managing a commercial real estate portfolio of 169 diverse commercial properties, comprised of 24.422 million square-feet, in 30 states. The overall value of NAS' managed portfolio in the company's 12-year history, totals over $3.325 billion.
We are extremely proud to have delivered an elite, trophy-class property to our investment clients while expeditiously closing the transaction for our 1031 Exchange investors, This property acquisition is the direct result of our tenacious acquisitions team, our exhaustive underwriting process and our transactions management expertise."
Karen E. Kennedy, President and Founder of NAS Investment Solutions and National Asset Services.
NASIS was represented by Paul D. Rubenstein, Attorney in Los Angeles, CA for the acquisition of the property.
Located less than two miles southwest of downtown South Bend, the Press Ganey property's structure and design were recognized by the Indiana Kentucky Associated Builders and Contractors with the 2021 Award of Excellence in Construction. The 6.8-acre site consists of approximately 408 surface parking spaces and features a unique 4,800 square-foot rooftop employee patio lounge.
About NAS Investment Solutions (NASIS)
NAS Investment Solutions was established to leverage National Asset Services' vast experience in investment property management by identifying, acquiring, and enhancing commercial real estate investments across all sectors of the real estate industry.
About National Asset Services (NAS)
Headquartered in Los Angeles, California, NAS manages a wide range of diverse commercial real estate: Office, medical office, multifamily, retail, student housing, assisted living and industrial flex properties. The company manages sole-owned and multi-owner properties. NAS offers a wide range of asset management capabilities. They include property management; project management; lease administration; acquisition and disposition services; real estate strategy analysis; long-range business objectives; monitoring changing market conditions; investor relations; real estate and investor accounting; loan modification and workout solutions; exit and hold strategies; leasing & marketing; tenant retention plans; research studies; site selections; feasibility studies; insurance risk management; capital improvement planning and tracking; property tax appeal services and cost segregation services.
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