London property market would welcome stamp duty change

Vyomm | July 08, 2019

Stamp duty change could revive prime property prices by £700,000, helping the top end of the housing market to recover from the current slump which is attributed to the high level of tax and Brexit uncertainty. Boris Johnson, the favourite candidate to become the next Prime Minister has pledged to abolish the property tax on homes under £500,000 and reverse the rise on prime and super prime homes that was introduced in 2014 by the then Chancellor George Osborne.

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INVESTMENTS

Trilogy Multifamily Income & Growth Holdings Acquires Class A Multifamily Community in Chicago

Trilogy Real Estate Group | February 10, 2022

Trilogy Multifamily Income & Growth Holdings, a Regulation A+ bond offering sponsored by Trilogy Real Estate Group, announced today the acquisition of a 138-unit, Class A multifamily community located in Chicago's famed Logan Square neighborhood. We are very excited to have acquired the first property within the Trilogy Multifamily Income & Growth Holdings offering, Our capital raise and a rapidly expanding selling group are strong indicators that investors are eagerly seeking investments offering attractive current income with upside potential and we believe this property delivers on both fronts." Matt Leiter, CFO of Trilogy. The six-story building was built in 2018 and provides 138 studio, one- and two-bedroom apartment homes and 8,800 square feet of fully occupied ground-floor commercial space. The transit-oriented development is only 300 feet from the nearest Chicago Transit Authority train station. Along with unobstructed city views available from the property's rooftop deck, the apartment community offers many amenities uncommon for an asset its size, such as granite countertops, stainless steel appliances, nickel finish fixtures and in-unit washers and dryers. Some apartment homes also feature large walk-in closets, private terraces and IOTAS smart home technology. Community amenities include an indoor coworking space, modern fitness center, luxury fireplace, grilling stations, a bocce court and a green roof, among others. Located in Chicago's desirable neighborhood of Logan Square, the property sits in the heart of a vibrant community with an abundant collection of dining, entertainment and employment experiences. Some of the notable employers in the surrounding area include Amazon, Eli Lilly, AbbVie and Boston Consulting Group. Residents are also just one mile south of the 606 Trail, a 2.7-mile community trail that brings together arts, history, design, event and green spaces for all residents. The Regulation A+ bond offering intends to primarily acquire existing Class A and Class B multifamily real estate assets located in targeted markets across the U.S. Trilogy Real Estate Group expects to add multiple properties over the coming months. About Trilogy Real Estate Group Trilogy Real Estate Group is a vertically integrated real estate investment and property management firm with a focus on multifamily apartments and commercial real estate. Trilogy was recently rated "A" and was ranked the sixth best U.S. apartment property manager in the "epIQ Index for Top 100 Management Companies" - January 2020. Since 2002, the principals of Trilogy have completed over $4 billion in transaction volume. Trilogy has a proven expertise in timing real estate cycles and sourcing and managing outstanding real estate investments in markets around the United States.

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REAL ESTATE TECHNOLOGY

CapStone Holdings Inc. and Blaq Projects Continue Their Growing Partnership on New State-of-the-Art Real Estate Development in Australia

CapStone Holdings Inc. | March 11, 2022

CapStone Holdings Inc, a self-funded family office business incubator and investment group – announced its continued strategic partnership in real estate with Blaq Projects, an innovative property development, construction, and investment company in Australia. Through the collaboration, CapStone set up an ongoing real estate funding platform with a second US$25 million. Blaq Projects will use these funds towards medium-density property development opportunities in the metropolitan areas of Sydney and Illawarra in New South Wales, Australia's highest populated state. The Australian partnership further diversifies CapStone Holdings' investment portfolio internationally. CapStone first supported Blaq Projects' US$90 million Dé Mira Commercial Tower, 21-story mixed-use development including 88 residential units and 124,000 square feet of commercial space in Wollongong's medical precinct. CapStone and Blaq Projects will also bring new low-rise mixed-use residential apartments to the Subiaco/Perth area. Construction is expected to begin this summer. All developments are built with state-of-the-art innovative technology and a significant focus on sustainability and environmental protection. New South Wales is a beautiful destination poised for substantial economic growth. When we started looking for the right international partner, and Blaq Projects was very receptive towards our investment goals. Most importantly, their approach to the construction and quality of the development is important to our investment philosophy. Blaq Projects meets that standard." Keith J. Stone, Founder and Chairman of CapStone Holdings Inc "CapStone Holdings' partnership has been instrumental in Blaq Projects' and Wollongong's real estate growth," said Jared Beneru, Managing Director at Blaq Projects. "Having the backing of a financial powerhouse like CapStone Holdings through COVID times enabled us to build over a $1 billion (AUD) real estate pipeline. Together, our vision and goals align to deliver new projects that continue to set the benchmark for the Wollongong CBD." CapStone Holdings continues to build a robust real estate investment portfolio and offers a unique diversified investment platform. In addition to its recent ventures in Australia, one of its additional significant real estate developments includes the fast-growing City Foundry STL located in St. Louis, Missouri, United States. About CapStone Holdings, Inc. CapStone Holdings, Inc. is a family office-structured holding company that keeps a balanced portfolio through investment strategies that maximize innovation and return with minimal risk. CapStone Holdings and its founders have invested across a wide range of industries for over 33 years and engage in focused philanthropic efforts. About Blaq Projects Blaq Projects is an innovative property development, construction, and investment company. Throughout the years of experience, Blaq has obtained industry excellence, a culture built on quality and a mindset of providing cost effective building and design solutions.

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REAL ESTATE TECHNOLOGY

Green Courte Partners Hires Managing Director of Development

Green Courte Partners, LLC | March 10, 2022

Green Courte Partners, LLC, a private equity real estate investment firm focused on building industry-leading companies within niche real estate sectors, announced that it has hired C.R. Russell as Managing Director of Development. In this role, Mr. Russell will oversee all development and construction activities for Green Courte's investments in Windward Communities, True Connection Communities, and The Parking Spot, Green Courte's land-lease community, senior housing, and near-airport parking companies, respectively. Mr. Russell is replacing John Lyons, who retired in February after being with Green Courte and The Parking Spot since 2010. Prior to joining Green Courte, Mr. Russell was a Senior Vice President of Development and Construction at A.J. Capital Partners, a vertically integrated developer with $3.6 billion in real estate investments across 45 markets. In that role, Mr. Russell oversaw the planning and development efforts of $1.2 billion of high-profile hospitality and mixed-use developments comprising nearly 2.6 million square feet of space. Earlier in his career, Mr. Russell held several management roles at Vail Resorts Development Company on behalf of Vail Resorts, Inc., the largest owner and operator of mountain resort properties. At Vail, Mr. Russell was responsible for the company's mountain development team as well as expansion efforts across its entire portfolio of properties. Mr. Russell holds a Bachelor of Arts in Environmental Policy from Rollins College and a Master of Business Administration from Northwestern University's J.L. Kellogg Graduate School of Management. We are thrilled to welcome C.R. to our team, and we look forward to leveraging his diverse skillset and expertise to further expand and improve Green Courte's development efforts across our three active platforms." David B. Lentz, Green Courte's Chief Executive Officer About Green Courte Partners, LLC Green Courte Partners, LLC is a Chicago-based private equity real estate investment firm focused on building industry-leading companies within niche real estate sectors, including active adult/independent senior living properties, land-lease communities, and near-airport parking facilities. The firm combines focused investment strategies with a disciplined approach to transaction execution, operations, and asset management. Green Courte's goal is to invest in high-quality real estate assets that will generate attractive risk-adjusted returns over a long-term holding period.

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REAL ESTATE TECHNOLOGY

UL Partners with InSite to Help Advance Building Intelligence, Technology Integration and Performance

UL | May 12, 2022

UL, a global safety science leader, announced a new partnership with InSite, a provider of building intelligence solutions that enable organizations to optimize performance of real estate assets, achieve sustainability goals and fulfill environmental, social and governance (ESG) reporting requirements. With this partnership, InSite will provide building owners and property managers with actionable building intelligence data to complement UL's ESG advisory, sustainability and energy advisory, indoor environmental quality and field services. UL's advisory services include services such as energy and water audits, commissioning advisory services, sustainability certifications, including Leadership in Energy and Environmental Design (LEED), Building Research Establishment's Environmental Assessment Method (BREEAM), Fitwel and the WELL Building Standard. Per the 2020 Global Status Report for Buildings and Construction by GlobalABC, buildings generate nearly 40% of annual global CO2 emissions including 28% from building operations. As part of the UL and InSite combined offering, InSite's building intelligence platform will support robust reporting and disclosure of ESG and sustainability data to key stakeholders such as GRESB. UL will leverage InSite's extensive data integration capabilities and operational insights to provide relevant advisory expertise, such as carbon accounting and net zero carbon emissions. ESG reporting for a building encompasses a variety of environmental metrics. According to the 2020 United Nations Global Status Report for Buildings and Construction, the operations of buildings contribute to 28% of total global energy-related carbon dioxide emissions. In addition to greenhouse gas emissions, other environmental factors should be considered for ESG reporting, including energy use, water consumption, solid waste and biodiversity. The commercial real estate industry has prioritized formulating building performance and ESG data as well as related reporting standards as part of overall property management operations. UL's new partnership with InSite will allow us to serve customers with an end-to-end technology and advisory solution to help inform these critical business decisions, including asset allocation, property management company selection and overall investment strategies." Sean McCrady, global director of UL's Asset and Sustainability Performance group "We are extremely excited about our new partnership with UL and the positive impact it will have on our customers. This partnership allows us to continue monitoring and reporting building performance, sustainability and ESG data while enriching and elevating our clients' sustainability journeys with UL's industry-leading advisory," said Francis Gangemi, InSite's president. About InSite InSite is a premier business intelligence solution for real estate owners and operators. InSite's software as a service (SaaS) platform and managed services provide innovative, data-driven insights enabling clients to achieve ESG and sustainability goals and improve building performance while reducing operating costs. InSite's cloud-based platform seamlessly integrates data from a multitude of sources and systems. Leveraging a combination of machine learning and human analytics, InSite delivers actionable intelligence for optimization of real estate operations in support of strategic objectives and regulatory compliance. About UL UL is a global safety science leader. We deliver testing, inspection and certification (TIC), training and advisory services, risk management solutions and essential business insights to help our customers, based in more than 100 countries, achieve their safety, security and sustainability goals. We believe our deep knowledge of products and intelligence across supply chains make us the partner of choice for customers with complex challenges.

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We don't just rent apartments. From the moment you walk through the front door you'll feel the comfort and security that makes our residents happy to call us home. Cutting edge amenities, meticulously-groomed grounds, and a dedicated staff contributes to a higher standard of living.

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