Supra announces an expanded suite of services designed to reduce touch points and increase efficiency, as part of Carrier's Healthy Homes Program

Supra | August 14, 2020

Supra, a leading global provider of access solutions for the real estate industry, announces an expanded suite of services designed to reduce touch points and increase efficiency, as part of Carrier's Healthy Homes Program. Supra is a part of Carrier Global Corporation (NYSE: CARR), a leading provider of innovative heating, ventilating and air conditioning (HVAC), refrigeration, fire, security, and building automation technologies.

Spotlight

When Goodman Real Estate (GRE) purchased the Downtowner in 2012, the building was literally falling apart. It was so bad that only 35% of all units were occupied. It was accurate to call the living conditions of its lowincome residents’ squalor and appalling.

Spotlight

When Goodman Real Estate (GRE) purchased the Downtowner in 2012, the building was literally falling apart. It was so bad that only 35% of all units were occupied. It was accurate to call the living conditions of its lowincome residents’ squalor and appalling.

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REAL ESTATE TECHNOLOGY

PS Business Parks, Inc. Announces Expiration of “Go-Shop” Period Contained In Previously Announced Merger Agreement

PS Business Parks | May 31, 2022

PS Business Parks, Inc. announced the expiration of the “go-shop” period set forth in the previously announced definitive merger agreement with affiliates of Blackstone Real Estate, dated as of April 24, 2022 (merger agreement). Under the terms of the merger agreement, Blackstone has agreed to acquire all the outstanding shares of the Company’s common stock for $187.50 per share in an all-cash transaction valued at approximately $7.6 billion, including transaction expenses. The “go-shop” period expired at 11:59 p.m. (New York City time) on May 25, 2022. During the “go-shop” period, at the direction of PSB’s board of directors, representatives of J.P. Morgan Securities LLC and Eastdil Secured, financial advisors to PSB, actively solicited company acquisition proposals from 43 potentially interested third parties. To date, none of the third parties contacted by PSB or its financial advisors, or any other third parties, have made competing proposals following the execution of the merger agreement. Upon expiration of the go-shop period, PSB became subject to customary “no-shop” provisions that limit PSB and its representatives’ ability to negotiate competing proposals with, or provide non-public information to, third parties, subject to exceptions specified in the merger agreement. The transaction is expected to close in the third quarter of 2022, subject to approval by PSB’s stockholders and other customary closing conditions. Advisors J.P. Morgan Securities LLC is acting as lead financial advisor to PSB and provided a fairness opinion to the PSB board of directors in connection with the transaction. Eastdil Secured is acting as real estate advisor to PSB and is also acting as a co-financial advisor to PSB. Wachtell, Lipton, Rosen & Katz is serving as PSB’s legal advisor. About PS Business Parks PS Business Parks, Inc., an S&P MidCap 400 company, is a REIT that acquires, develops, owns, and operates commercial properties, predominantly multi-tenant industrial, industrial-flex, and low-rise suburban office space. Located primarily in major coastal markets, PS Business Parks’ 96 properties serve approximately 4,900 tenants in 27.0 million square feet of space as of March 31, 2022. The portfolio also includes 800 residential units (inclusive of units in-process).

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REAL ESTATE INVESTMENT

Newmark Ranks #1 on LinkedIn's 'Top Companies in Real Estate' List

Newmark | June 28, 2022

Newmark Group, Inc. is ranked #1 on LinkedIn's 2022 'Top Companies in Real Estate' list. The list is part of LinkedIn's 'Top Companies: Industry Edition', ranking the 25 top companies at which to grow a career in nine major U.S. industries. Investing in opportunities for the long-term success of our talented, industry-leading professionals is, and always will be, a top priority for Newmark. As Newmark continues its growth trajectory—both nationally and internationally—the leadership and support of our people is truly a driver of opportunity in all markets." Barry Gosin,Newmark Chief Executive Officer Other honorees—all Fortune 500 companies—that took the number one spot in LinkedIn's 'Top Companies: Industry Edition' lists include Amazon (Retail), Blackstone (Financial Services), Expedia Group (Travel & Hospitality), Google (Technology and Information), PepsiCo (Consumer Goods) and The Walt Disney Company (Media and Entertainment). Rankings are based on LinkedIn's seven data-backed career-progression pillars—ability to advance, skills growth, company stability, external opportunity, company affinity, gender diversity and educational background. About Newmark Newmark Group, Inc., together with its subsidiaries, is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark's comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform's global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. Newmark generated revenues of nearly $3.1 billion for the twelve months ending March 31, 2022. Newmark's company-owned offices, together with its business partners, operate from approximately 170 offices with 6,300 professionals around the world.

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REAL ESTATE INVESTMENT

Evernest Merges with Dodson Property Management and Enters Virginia Market

Evernest | July 01, 2022

Evernest, a national, full-service real estate and property management firm, announced a merger with three divisions of Virginia-based Dodson Property Management. The merger will bring Dodson's divisions overseeing single-family property management, small multi-family buildings, and association management into the Evernest portfolio. The merger includes Dodson's entire single-family portfolio of 2,450 units; 1,100 units under its Portfolio Management division of smaller multi-family buildings; and all Association Management operations, encompassing 170 associations and 15,000 units. The names of the divisions will change to Evernest. The merger is Evernest's largest to date, and adds roughly 3,550 single-family homes and small multi-family units to Evernest's portfolio. The deal boosts Evernest's overall portfolio to more than 11,000 single-family homes and apartments under management nationwide and positions Evernest as one of the largest single-family and small multi-family real estate and property management firms in America. Additionally, the deal moves Evernest into the management of homeowners and condominium associations in Virginia and Florida. This merger is really the culmination of two companies that have a similar culture, a similar tech platform, and similar teams that have built legacies in large-scale, single-family property management. A combined company will add value to Dodson and Evernest clients through shared resources, shared values, and shared systems." Matthew Whitaker, Evernest Founder and CEO The merger with Dodson places Evernest's property management and brokerage services into four new single-family markets: Richmond, Fredericksburg, and Williamsburg, Va., as well as Northern Virginia. Dodson has association management operations in Richmond, Northern Virginia, Williamsburg, and Sarasota, Fla. These markets add to the 18 national regions already served by Evernest's elite team of property managers and real estate brokers. Like Dodson, Evernest has focused in recent years on acquiring and merging operations to grow and better support owners and residents. The Dodson merger comes on the heels of 21 previous deals, either mergers or outright acquisitions, made by Evernest. Dodson is one of five deals Evernest has made in the second quarter of 2022 alone. "We have a vision for our own company's growth, and felt scale was necessary to build the best leadership team in the industry and to provide our residents and clients with all of the resources possible to ensure that they have a quality experience," said Duke Dodson, President and CEO of Dodson Companies. "We're extremely close with Matthew and the team at Evernest and have worked together over the years to build our businesses from the ground up, share best practices, and help one another grow, so we felt very comfortable in taking this big step to come together as one." Dodson's existing leadership, operations, and property/association management teams will remain in place in the markets the company serves. Both property owners and residents will experience a seamless transition, maintain the same team members they know, and see continually improving processes and systems. Publicly, Dodson signage will change to Evernest. Dodson's Commercial, Development and short-term rental divisions remain independent and are not included in the Evernest merger. Adds Whitaker: "As we expand into Virginia, and join forces with the Dodson team, we're excited to help residents, owners, and investors achieve their real estate goals and show them what a great property and association management company can be." About Evernest Based in Birmingham, Ala., Evernest operates in 25 real estate markets across the country. It is one of the nation's largest single-family and small multi-family investment broker and property management provider. The firm manages more than 11,000 homes for over 4,100 owners, brokers more than 1,000 investment deals annually, and has made the Inc5000 list five of the last six years. About the Dodson Companies Dodson was founded in 2007 as a property management and real estate company dedicated to the needs of investor owners and tenants. Today, Dodson operates a commercial property management and brokerage division, Dodson Commercial; a real estate development group, Dodson Development; and a short-term rental management division.

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