Diligence Capital Advisors Managing Partner Named Top 40 Under 40 Mid Atlantic Real Estate Journal

prnewswire | August 02, 2020

Diligence Capital Advisors Managing Partner Named Top 40 Under 40 Mid Atlantic Real Estate Journal
The Mid Atlantic Real Estate Journal has named Jared Cobert, Managing Partner of Diligence Capital Advisors, as a Top 40 under 40 in the Real Estate Industry. The Mid Atlantic Real Estate Journal has named Jared Cobert, Managing Partner of Diligence Capital Advisors as a Top 40 under 40 in the Real Estate Industry. The Mid Atlantic Real Estate Journal has consistently been voted as the  Most Comprehensive Source for Commercial Real Estate News in the Mid Atlantic Region (New Jersey, Pennsylvania, Delaware, Maryland, Virginia and DC). The Mid Atlantic Real Estate Journal's Top 40 under 40 is an award given out to the Real Estate Industry's Top 40 performers under the age of 40.

Spotlight

The Internet of Things (IoT) architecture currently proposed for connected homes is primarily focused on devices. While device to device communication is essential, it is not the 'things' themselves that will determine the success or failure of the home IoT. It is equally important to consider the context in which these home devices will operate.

Spotlight

The Internet of Things (IoT) architecture currently proposed for connected homes is primarily focused on devices. While device to device communication is essential, it is not the 'things' themselves that will determine the success or failure of the home IoT. It is equally important to consider the context in which these home devices will operate.

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Brivo, Inc., the global leader in cloud-based access control and smart building technologies, and Crown PropTech Acquisitions (NYSE:CPTK) (“Crown”), a publicly traded special purpose acquisition company, today announced that they have entered into a definitive merger agreement that will result in Brivo becoming a publicly listed company. The transaction values the company at a pro forma enterprise value of $808 million. Upon closing, the combined company will operate as Brivo, and its Class A common stock is expected to be listed under the ticker symbol “BRVS.” This strategic business combination will enable Brivo to leverage Crown’s experience and relationships as an owner and operator of commercial real estate to accelerate market expansion. Since its founding in 1999, Brivo has pioneered and defined the cloud-based access control category. 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Assuming no redemptions, Crown shareholders will own approximately 31 percent of the combined company. “We are excited to provide a highly structured and flexible financing solution to support Brivo, the market-leading provider of cloud-based access control solutions in the enterprise and commercial segments. We think Brivo’s strong management team, coupled with Crown’s deep experience in real estate and the leadership of a proven serial technology entrepreneur like Dean Drako make for a world-class combination.” - Marko Soldo, Head of Golub Capital Credit Opportunities. The business combination will provide Brivo with up to $304 million of capital to advance its mission of delivering the highest quality products and services to protect its customers and to fuel growth via the expansion of sales and marketing, customer acquisition, SaaS service expansion and product development, with the actual amount of capital provided depending on the level of redemptions by Crown shareholders. 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