Press Release
Ballast Rock Announces Launch of Sunbelt Multifamily Fund III
–News Direct–
Ballast Rock, the diversified investment management firm, today announced it has launched Sunbelt Multifamily Fund III LP (SB3), the third private equity real estate fund in its Sunbelt series.
Ballast Rock is targeting a raise of $100 million for the fund, which, like the previous Sunbelt Funds, will focus on acquiring and renovating a diversified portfolio of workforce multifamily properties in the U.S. Southeast. Ballast Rock has identified and is performing due diligence on a value-add property that would represent the first acquisition for the new fund.
The broader real estate market has experienced tremendous uncertainty, given the rise in interest rates and disruptions in the credit markets. The team have patiently been assessing the long-term impacts of these changes on our target markets and are excited to have found a potential first investment for SB3 said Thomas Carroll, Founder and Chief Executive Officer of Ballast Rock. We have remained constructive on our core focus, which is workforce multifamily value-add, specifically in the Southeast.
Our team has diligently been underwriting deals since our last acquisition in early 2023 and has looked at close to 400 assets in that time, said Ian Garcia, Chief Operating Officer and Portfolio Manager for the Sunbelt Funds. We are extremely conservative on our underwriting and will only ever consider investing in a deal if we have a high degree of confidence that it is going to clear our stringent investment objectives.
Prior Sunbelt Funds
Ballast Rock launched Sunbelt Multifamily Fund I (SB1) in 2019 and between February 2019 and January 2021 acquired nine properties totaling 1,110 apartment units for $63,630,000. SB1 began dispositions in early 2022, generating gross proceeds of $60,450,000 from the first four properties sold. The 593 apartment units involved were acquired at an average cost of $53,583 per unit and sold at an average cost of $101,939 per unit. Ballast Rock anticipates exiting the remaining five assets in SB1 opportunistically over the next 12 to 18 months.
Sunbelt Multifamily Fund II (SB2), launched in 2021 and between February 2021 and January 2023 acquired nine properties totaling $101,408,000, with 1,039 apartment units.
In April of 2023 Ballast Rock launched Ballast Rock Capital, its broker-dealer. Ballast Rock Capital is a member of the Financial Regulatory Authority (FINRA) and the Securities Investor Protection Corporation (SIPC) and is registered with the Securities and Exchange Commission (SEC).
About Ballast Rock Group
Ballast Rock Group is an integrated investment management company specializing in delivering risk-adjusted returns, accurate, and timely advice, high quality frequent reporting, and direct access to management. Ballast Rock Group operates Ballast Rock Asset Management, Ballast Rock Private Wealth, and Ballast Rock Capital. Ballast Rock Asset Management comprises Ballast Rock Real Estate, which includes the firms Sunbelt multifamily real estate funds, and Ballast Rock Ventures, comprising venture capital and private equity teams. Ballast Rock Private Wealth is a registered investment advisor, with a focus on alternative strategies. Ballast Rock Capital is awaiting approval to become a FINRA-registered broker-dealer. Ballast Rock is committed to being a driver of positive change. The diversity of our team members brings valuable new perspectives to our industry for the benefit of our stakeholders and the broader community.
Investment Disclosure
The information contained in this press release has been prepared by Ballast Rock Holdings LLC (Ballast Rock) without reference to any particular readers investment requirements or financial situation. Potential investors are encouraged to consult with professional tax, legal, and financial advisors before making any investment into a private offering of securities. An investment in private securities would be speculative and would involve a high degree of risk. Investors must be prepared to bear the economic risk of such an investment for an indefinite period of time and be able to withstand a total loss of their investment. Please carefully consider the investment objectives, risks, transaction costs, and other expenses related to an investment prior to deciding to invest. Ballast Rock Capital LLC (BRC), MEMBER: FINRA / SIPC. BRCs registered head office is 460 King Street, Suite 200, Charleston, SC, 29403. Tel: 800-204-2513. To check background information about BRC and its representatives, visit FINRAs BrokerCheck. Please see important disclosure information in our Form CRS.
Contact Details
For Ballast Rock
Company Website
View source version on newsdirect.com: https://newsdirect.com/news/ballast-rock-announces-launch-of-sunbelt-multifamily-fund-iii-667665155
Ballast Rock
COMTEX_452018577/2655/2024-05-07T12:05:34
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Press Release
Storm Pro Solution: Empowering Communities with Expert Storm Restoration and Future Growth
Storm Pro solution, a leading provider of storm restoration, roofing replacements, and water damage restoration, is dedicated to serving residential and commercial property owners in Asheville, NC, and surrounding areas. With a commitment to expert craftsmanship, cost-effective solutions, and outstanding customer care, Storm Pro Solution ensures properties regain their safety and integrity after storm or water-related damage.
The company specializes in helping communities recover from the devastating effects of severe weather events by providing top-tier restoration services tailored to individual needs. From roof repairs to comprehensive property restoration and water damage restoration, Storm Pro Solution has earned the loyalty of clients through its unwavering dedication to quality and transparency.
At Storm Pro Solution, we understand that restoring homes and businesses after a storm is about more than just repairing structures; it’s about rebuilding lives and communities, said Chad Neal one of the trusted leaders at Storm Pro Solution. “Our team is deeply committed to delivering results that exceed expectations while maintaining the highest standards of professionalism and integrity.
Expanding Horizons: A Strategic Vision for 2025
As part of its growth strategy, Storm Pro Solution is set to expand its operations in 2025. This expansion will enable the company to serve more communities, create additional job opportunities, and solidify its position as an industry leader. To support this ambitious growth plan, the company is preparing a Private Placement Memorandum (PPM) that will offer equity and debt investment opportunities to strategic partners. We believe in the power of partnerships to drive growth and innovation, added Chad Neal. “Our upcoming funding initiative will allow us to bring in like-minded investors who share our vision of delivering exceptional restoration services while making a meaningful impact on the communities we serve.”
Why Storm Pro Solution is a Strong Investment
- Proven Expertise: Years of hands-on experience in storm restoration and property repairs.
- Unmatched Customer Care: A reputation for delivering personalized service with a focus on quality and reliability.
- Market Potential: Increasing demand for restoration services due to unpredictable weather patterns.
- Growth-Oriented Vision: A clear roadmap for scaling operations and increasing market share.
About Storm Pro Solution
At Storm Pro Solution, we are dedicated to providing top-quality roofing replacements and damage restoration services for both residential and commercial properties. With a blend of expert craftsmanship, superior materials, and affordable pricing, we deliver dependable solutions that safeguard your home or business from the elements. the company has established a reputation for trust, quality, and customer satisfaction. With plans for significant expansion and investment opportunities on the horizon, Storm Pro Solution is poised for an exciting future.
For more information about Storm Pro Solution, its services, and its growth plans, visit the company’s official website at www.stormprosolution.com. Stay updated on the latest developments and explore how you can become part of this exciting journey.
Contact Details
Company name: Storm pro Solution
Website link: www.stormprosolution.com
Contact Email: sales@stormprosolution.com
Country: United States
City: Asheville, NC
Contact person name: Chad Neal
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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
Press Release
Optcoin Exchange: Building the World’s Safest Trading Environment with U.S. MSB Certification and UK Company Registration
New York, December 26th, 2024 – In the ever-evolving fintech and cryptocurrency sectors, security and compliance remain top concerns for investors. Optcoin Exchange has long established itself as a trusted platform by leveraging its U.S. Money Services Business (MSB) certification, issued by the Financial Crimes Enforcement Network (FinCEN), and its UK company registration, providing a strong foundation for investor confidence.
Global Compliance Standards to Ensure Peace of Mind
The U.S. MSB certification represents the gold standard in financial service compliance, requiring platforms to maintain robust Anti-Money Laundering (AML) and Know Your Customer (KYC) capabilities. Meanwhile, the UK company registration underscores Optcoin Exchange’s status as a globally recognized and legitimate business entity. These authoritative credentials not only highlight the exchange’s excellence in regulatory adherence but also reinforce investor trust in the platform.
“We understand that security and trust are the cornerstones of any exchange’s operations,” said Thomas Miller, Spokesperson of Optcoin Exchange. “As a platform with dual certifications from the U.S. and UK, we are committed to delivering the highest level of fund and data protection to our users.”
The Preferred Platform for Investors
Thanks to its unwavering commitment to stringent international compliance standards, Optcoin Exchange serves a diverse clientele, including individual investors, high-net-worth clients, and institutional players. With a solid compliance foundation, the platform ensures industry-leading safeguards for users, covering fund security, data privacy, and transactional transparency.
Innovation and Steady Growth
Beyond compliance, Optcoin Exchange integrates technological innovation with user needs, continuously enhancing platform functionality and user experience. By maintaining its focus on security, compliance, and keen insights into market trends, the exchange is poised to remain at the forefront of the industry.
About Optcoin Exchange
Optcoin Exchange is a leading platform dedicated to providing safe, transparent, and innovative trading services. With a customer-centric approach, the exchange continuously optimizes trading processes to protect user interests and aims to create a trustworthy global trading environment for investors.
Contact Information:
Company Name: Optcoin Exchange
Contact person: Thomas Miller
Mail: support@optcoin36.com
Website: https://optcoin36.com/
City & Country: New York, United States
SOURCE: Optcoin Exchange
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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
London, UK – 26/12/2024 – (SeaPRwire) – In a strategic move to position Thailand as a global leader in Blockchain technology, Acme Worawat, founder of the ACET (ACT) digital currency, has unveiled an ambitious proposal to integrate Bitcoin into Thailand’s economic framework. The initiative, which includes utilizing Bitcoin as part of the country’s reserve fund.
As Thailand’s digital economy continues to grow, Acme Worawat has called for amendments to the Digital Asset Business Act B.E. 2561 to keep pace with the rapidly evolving industry. He emphasized the importance of equipping regulators and law enforcers with a deep understanding of digital assets to create a supportive environment for innovation and investment. His vision includes mobilizing large-scale foreign crypto capitals to support Thailand’s economic policies, targeting investments from major international cryptocurrency holders.
The initiative draws inspiration from Thaksin Shinawatra, Thailand’s former Prime Minister. During his tenure from 2001 to 2006, Thaksin was known for his innovative policies, including introducing Thailand’s first universal healthcare program and spearheading major infrastructure projects that modernized the nation’s economy.
“Bitcoin and Blockchain technology represent a new frontier for economic development,” said Acme Worawat. “By leveraging these innovations, Thailand can achieve unprecedented economic growth and solidify its position as a global leader in digital assets.” The proposal is poised to redefine Thailand’s approach to digital finance, aligning with both national goals and global trends. As governments worldwide explore Bitcoin and Blockchain applications, Thailand’s forward-thinking strategy could serve as a blueprint for other nations.
Worawat addresses that integrating Bitcoin into the national reserve fund would enhance economic transparency, decentralization, and resilience while attracting global crypto investments. This proposal marks a bold step toward making Thailand a global leader in the digital economy.
About ACET (ACT)
Founded over three years ago, ACET (ACT) is a community-driven digital currency designed to empower its holders and promote decentralized finance. With a growing global user base and a proven track record of innovation, ACT continues to push the boundaries of what digital currencies can achieve.
About Acme Worawat
Acme Worawat is widely recognized as a pioneer in Bitcoin mining, having entered the space in 2012. As the founder of ACET Finance (ACT), a digital currency with over 156,000 holders worldwide and a total trading volume exceeding $395 million USD (~13.8 billion baht), he has consistently pushed boundaries in digital finance. ACT (ACET) is celebrated for its community-driven approach and unique vision, making it one of Thailand’s most prominent Blockchain projects.
Social Links
Facebook: https://www.facebook.com/ACTDeFansFi/
Telegram: https://t.me/ACTAcet
Github: https://acet-finance.gitbook.io/act
Media contact
Brand: ACET
Contact: Corporate Communication Division
Email: media@acet.finance
Website: https://acet.finance/
The article is provided by a third-party content provider. SeaPRwire ( https://www.seaprwire.com/ ) makes no warranties or representations in connection therewith.
Sectors: Top Story, Corporate News
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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
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