Digital Asset DirectQYOU Media
Contact Details Doug Barker +1 437-992-4814 shareholder@qyoutv.com Company Website https://www.valuethemarkets.com
October 04, 2023 07:00 AM Eastern Daylight Time
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News ReleaseMurgado Automotive Group
Murgado Automotive Group, a leading automotive retailer with dealer franchises in Florida, Illinois, and New Jersey, today proudly announced its acquisition of two Mercedes-Benz dealerships in Central Virginia. The addition of Mercedes-Benz of Richmond and Mercedes-Benz of Midlothian marks the 25th and 26th dealerships, respectively, to join the Murgado Automotive Group portfolio. The company represents many of the top global automotive brands, ranging from economy to ultra-luxury vehicles. This acquisition aligns with Murgado Automotive Group's long-term strategic plans for expansion into burgeoning markets across the eastern and midwestern regions of the United States. The sale closed on October 3, 2023. No staffing changes have been announced. “Mercedes-Benz of Richmond and Mercedes-Benz of Midlothian have been top performers for decades in Central Virginia,” said Mario Murgado, CEO of Murgado Automotive Group. “I want to thank both the McGeorge family for working with us on this opportunity, and Mercedes-Benz for trusting our company to build on the legacy of the dealerships and one of the most recognizable brands in the world.” Mercedes-Benz has been part of the McGeorge family of dealerships since 1968, as the dealership group has moved and expanded its facilities to better serve Central Virginia's luxury car marketplace. “It's humbling to succeed a dealership group that has been built from the ground up and is now run by a third-generation leader,” said Murgado. “We, too, are passionate about our family-owned operations and are eager to introduce our unique brand of automotive retailing to Central Virginia, all while honoring our predecessors and Mercedes-Benz." Murgado Automotive Group, founded in Miami, Fla. in 2001, is a family-owned and operated automotive retailer with 26 dealer franchises in Florida, Chicago, New Jersey, and now Virginia. The company represents leading automotive brands, including Acura, Alfa Romeo, Audi, Bentley, BMW, Buick, Cadillac, Ferrari, GMC, Honda, Infiniti, Maserati, Mazda, Mercedes-Benz, Porsche, and Volkswagen. With a commitment to exceptional customer service and operational excellence, Murgado Automotive Group has been recognized as one of the top automotive retailers in the United States. More information is available at MurgadoAutomotiveGroup.com. Contact Details John P. David +1 305-724-3903 john@davidpr.com Company Website http://www.MurgadoAutomotiveGroup.com
October 03, 2023 02:18 PM Eastern Daylight Time
News ReleaseUnwiring
Unwiring officially launches to empower individuals in the fight against social media's negative impacts and unethical practices. The organization is led by Saahil Mishra and a diverse team of passionate teens who’ve developed several initiatives to catalyze positive change within social media. “I worry about the impact of social media on my generation. A surge in social isolation, mental health issues, disinformation, and political polarization has challenged our connection on both an interpersonal and societal level,” said Saahil Mishra, founder and social media activist. Mishra also serves as a research assistant at Stanford Social Media Lab and writer for the Poynter Institute’s Media Wise. Earlier this year, Mishra participated in his first TEDx Talk event in San Francisco. Unwiring is educating and empowering young people to drive real, representative change within social media. The team curates timely educational resources including a series of self-produced online videos, curriculum on social media’s inner workings and impacts, and editorial pieces centered around the youth perspective on social media’s harms and possible solutions. Unwiring also is hosting a ReDesign challenge for youth to pose ideas for social media reformation this fall and a youth summit in 2024. United States Surgeon General Dr. Vivek Murthy issued a call for urgent action by policymakers, technology companies, researchers, families, and young people alike to gain a better understanding of the full impact of social media use. Recent research shows that adolescents who spent more than three hours daily on social media faced double the risk of experiencing poor mental health outcomes, such as symptoms of depression and anxiety. “When we advocate for internal platform changes, business model regulations, major culture and paradigm shifts, we can together build a healthier more connected future,” adds Mishra. “We invite teens to join us in this important movement by sharing their stories with us.” Visit unwiring.org and engage on Instagram, YouTube, TikTok, X formerly known as Twitter: @unwiring_org. Contact Details Unwiring Anne Shanahan, Community Relations Liaison +1 562-810-3016 ashanahan@unwiring.org
October 03, 2023 08:05 AM Pacific Daylight Time
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News ReleaseBenzinga
By Rachael Green, Benzinga As demand for renewables continues to grow amid soaring fossil fuel prices and increasingly unreliable grid infrastructure, Correlate Energy Corp. (OTCQB: CIPI) seems to be positioning itself as a key player in the emerging clean energy market. The distributed energy company that provides custom clean energy solutions at no upfront cost to commercial customers reported over $4.1 million in revenue in its second quarter, representing a significant increase over the same quarter last year when it brought in $236,690 in revenue. Here’s a look at how Correlate’s business model works and what it’s looking forward to in the months ahead. Correlate Removes The Barriers Of Cost And Complexity When Transitioning To Renewable Energy Correlate’s service starts with an in-depth audit of a customer’s existing energy usage and goals. From there, the distributed energy company develops a customized operating strategy that might include a mix of solar installations, battery storage and other microgrid infrastructure along with energy efficiency upgrades and utility contracts. That mix is tailored to the company with the goal of not just helping it transition to clean energy but doing so in a way that both cuts costs and generates positive cash flow. Once the strategy is finalized, Correlate takes it a step further by collaborating with its existing network of solution providers and co-developers to actually implement those solutions at a cost-effective price, nationwide – while also often providing 100% financing so that Correlate’s customers aren’t paying any upfront costs. In May, for example, Correlate announced that it had secured $11.9 million in financing to build a 5.2-megawatt solar project for the EnerSys headquarters in Reading, Pennsylvania. Installation began in Q3, and when completed, it will become one of the largest commercial solar installations in Pennsylvania to date. In July, the company announced a joint venture with eDGe Renewable Partners to deploy up to $100 million in initial financing as well as technical and engineering resources to support solar energy projects and microgrid infrastructure nationwide for partners. After implementation, Correlate continues to work with that customer to monitor and maintain that new energy system using the company’s proprietary systems. For customers, this model eliminates the complexity, time and upfront costs of transitioning to clean energy. For Correlate, it helps reduce that initial resistance to making that transition while forming multiyear relationships with customers that could yield future sales opportunities. Renewable Energy Is Rapidly Becoming More Affordable Over The Long Term Compared To Fossil Fuel In an interview with Financial Survival Network, Correlate CEO Todd Michaels spoke about the rising costs and increasing volatility and unpredictability that come with existing non-renewable fuel sources like oil, coal, or natural gas. “The compounded average increase on electricity is 7% right now,” Michaels said. “It might go down one year because of some change. But on a compounded basis, it has never gone down since the 70s.” Meanwhile, a renewable source like solar has not only gotten cheaper over the years as technology advances, it gets even cheaper over the long term because generating your own power eliminates the risk of fluctuating fuel input costs. Moreover, with a microgrid – a series of technologies that give you the option to switch between pulling power from the grid or pulling it from your power source – you’re no longer at the mercy of a centralized grid that could be taken down by, say, a wildfire if you’re in California or a heat wave if you’re in Texas. “If the grid goes down because of a weather event,” Michaels explained. “You can choose to go off the grid and operate your own with your own sources of generation, storage, and managing your loads.” What was once relegated to a handful of early adopters has now become something that just makes economic sense. However, the cost of installing that clean energy infrastructure and the complexity of navigating a renewable energy industry that is still highly fragmented and confusing have become huge barriers even for companies who want to make the transition. That’s why Correlate provides a service as comprehensive as it does. By offering 100% financed solutions and coordinating the installation and monitoring and maintenance afterward, Correlate makes it as easy as possible for companies to achieve their energy goals. Moving forward, Correlate will make that unique approach even more cost-effective through its upcoming M&A strategy aimed at scaling its operations and services to improve efficiency and expand its range of solutions. “There’s a huge opportunity to work with decade-old businesses that are doing good work but don’t have sophisticated systems and processes, the ability to raise capital, or the project finance team to help fund their projects,” Michaels said during the interview. To help structure those potential partnerships and acquisitions, it appointed Eli Albrecht to its board of directors last month. The acclaimed M&A lawyer with extensive experience in the renewable energy sector will help the company drive roll-up opportunities in the highly fragmented clean energy landscape. This post contains sponsored content. This content is for informational purposes only and not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com
October 03, 2023 09:00 AM Eastern Daylight Time
News ReleaseBenzinga
By Rachael Green, Benzinga After erasing the solid July gains both made in July in the first half of August, both copper and copper mining stocks seem to be rebounding in the second half of the month. The slide in the first half of the month came as China posted weaker-than-expected imports and exports for July, including declining vehicle sales and a dip in copper imports. The decline in copper prices was short-lived, though, as the overall market sentiment on the metal seems to have reversed despite the weak economic data from China last month. Like many of the metals needed in the clean energy transition, copper is rallying on the growing urgency and capital investment in reducing fossil fuel dependence. Copper is not only an important material in batteries, but also in a wide range of other components of energy storage tech and the electricity grid. A recent report from Trading Economics highlighted the dip in copper futures prices but pointed out that price levels did not decrease too far due to “market players flagged large incoming copper deficits, with current production levels failing to keep up with increasing demand for electrification”. Copper Markets Are Becoming Less Dependent On Chinese Demand For the last twenty years or so, copper prices have been largely driven by Chinese demand. The nation accounts for half of the global demand for the metal as its rapidly expanding economy created a massive need for copper to build the electrical infrastructure to power new and increasingly industrialized cities. That’s why the weaker-than-expected Chinese economic data at the start of the month were able to wipe out copper’s July gains so quickly. But, as the current rebound in prices reveals, market sentiment on the metal is gradually becoming less tethered to Chinese demand. As economies all over the globe look to transition away from fossil fuels, they’re investing more in infrastructure upgrades and new technologies that will enable them to meet their energy needs with clean and renewable sources. Many of those upgrades and new technologies are going to require copper. As such, demand for the metal is not just expected to grow but to diversify, making slight fluctuations in Chinese consumption less impactful on the overall copper market. The Critical Minerals Market Review estimates that achieving net zero emissions by 2050 — the target set by the 196 parties that signed the Paris Agreement in 2015 — global copper consumption will need to grow 60% by 2040. Meanwhile, like many other critical metals, supplies are low and struggling to keep up even with current demand levels. As demand continues to outstrip supply, miners could potentially enjoy significant revenue growth on rising copper prices, and the ones that can find new sources and open up new mines could generate strong returns for investors. Add Clean Energy Transition Exposure To Your Portfolio With Sprott ETFs Sprott Asset Management, an asset management firm that’s been focused on precious metals for decades, now offers two ETFs for investors who want broad exposure to the potential copper boom. Sprott Junior Copper Miners ETF (NYSEARCA: COPJ) tracks an index of exploration or early-stage copper miners while Sprott Energy Transition Materials ETF (NYSEARCA: SETM) tracks a broad portfolio of metals and other minerals that are playing a key role in the transition to a net zero economy. This post contains sponsored content. This content is for informational purposes only and not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com
October 03, 2023 09:00 AM Eastern Daylight Time
News ReleaseBenzinga
By David Willey, Benzinga Read the latest report on NanoViricides here The CDC recently issued a warning that Respiratory Syncytial Virus (RSV), a common and highly contagious lung infection that can cause bronchitis and pneumonia, is on the rise in the Southeastern United States – and the very young and the elderly are the most at risk of developing severe incidences of RSV. Every year, there are over 2 million outpatient (non-hospitalized) cases of RSV in children under 5, and RSV is the leading cause of hospitalizations for young children. There are up to 80,000 hospitalization cases for children under 5, and there are also up to 160,000 cases of patients over 65 getting hospitalized with RSV. Up to 300 children under 5 and 10,000 adults over 65 die of RSV annually. Despite this serious disease, there were no vaccines or good treatment options until recently. The recently approved vaccines from GSK plc (NYSE: GSK) and Pfizer (NYSE: PFE) also have severe limitations. These vaccines are only for use in patients aged 60 and over. However, these vaccines can involve side effects, including atrial fibrillation, Guillain-Barré syndrome and another potentially related disorder. A recently approved vaccine for pregnant women to protect the newborn infant upon birth has the risk of preterm births. In July 2023, the FDA also approved Beyfortus, an antibody treatment for children delivered as an injection to help prevent the development of RSV. Beyfortus was developed by Sanofi (NASDAQ: SNY) and AstraZeneca (NASDAQ: AZN). It is expected to be better than a previously approved antibody (palivizumab, trade name Synagis, developed by MedImmune, now marketed by SOBI – Swedish Orphan Biovitrum) for the same indication. Like the vaccines, however, there are side effects associated with these protective antibody treatments, which can include anaphylaxis, a severe allergic reaction. Yet, there are no treatments for RSV infection except for severe hospitalized cases when children at risk of dying are given the toxic drug ribavirin at very high doses as a last resort. The market for therapeutics for RSV was worth $1.8 billion in 2022 and will reach $8.73 billion by 2031 at a compound annual growth rate (CAGR) of 18.9% during the forecast period, according to a recent report from Growth Plus Therapeutics. Note that there were no real treatments, only one protective antibody, Synagis, available in 2022. The therapeutic used for treating RSV is Ribavirin, a highly toxic compound also used as a therapy for hepatitis C. However, Ribavirin carries with it some severe side effects, including the destruction of red blood cells, leading to liver, kidney and spleen toxicities and failures – which limit its use to patients with a high risk of progressively severe RSV. The primary concerning side effect of Ribavirin is anemia, a decrease in red blood cells that can cause a drop in hemoglobin. Ribavirin-induced anemia can manifest within two weeks of starting the therapy and can get worse as the drug dosage increases. NanoViricides Treatment For RSV NanoViricides (NYSE American: NNVC), a leading developer of antiviral treatments through its nanomedicines platform, is developing a safe and effective alternative therapeutic for RSV. Its drug candidate, NV-387, has already been shown to not have the toxicity or side effects associated with Ribavirin, according to the company. It reports that in the recent pre-clinical animal study, NV-387 almost matched the efficacy of Ribavirin with no toxicity. This animal study was designed to mimic the lethal lung pneumonia in infants caused by RSV infection. Importantly, NV-387 is already in phase 1 human clinical trials as the active ingredient in the company’s COVID drug candidate NV-CoV-2. The company has just reported that it was found to be completely safe, with no side effects found to date, in this continuing phase 1 Study. For this reason, the company anticipates soon being able to advance NV-387 to a phase 2 human clinical trial against RSV. If the results of animal studies are replicated in humans, this nanoviricides drug could become truly a game-changer in the treatment of RSV infections. Learn more about NanoViricides’ NV-387 antiviral here. This post contains sponsored content. This content is for informational purposes only and not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com
October 03, 2023 08:50 AM Eastern Daylight Time
News ReleaseFilterbaby
Filterbaby, the first and only clinically tested and dermatologist recommended skincare water filter for the face is expanding its retail footprint. The brand has launched on Thirteen Lune, the popular E-Commerce site for minority founded beauty brands. Since its 2022 inception, Filterbaby has seen tremendous growth; selling nearly 100,000 units and garnering over half a million followers on social media and one billion views on Instagram, Tiktok and Youtube. "We at Filterbaby are absolutely elated to be welcomed into the Thirteen Lune community. This remarkable space, dedicated to empowering minority founders, resonates deeply with our values and aspirations. We are putting a flag on the ground stating that water quality significantly impacts skin; our mission is to transform people’s life through better water. We are so glad that Thirteen Lune is providing the ideal platform to amplify our mission. We're honored to join this collective force for positive change in the beauty industry." said Xin Shui, CEO/Founder of Filterbaby. While millions of skincare products flood the market, there is a striking absence of emphasis on the quality of water, a fundamental factor essential for achieving good facial skin health. Consumers spend thousands of dollars on skincare each year to optimize their skin health, yet the most fundamental element, water used to clean skin, is often subpar. Filterbaby’s founder is a third-generation female healthcare provider who had experience of treating over 10,000 patients. She discerned a profound correlation that exists between water quality and skin health. “There is a real necessity for this product as tap water quality is subpar in most states with excess chlorine or chloramine, microplastics, hard metals, unregulated chemicals, and infrastructure issues. Over the past few months, we received hundreds of before and after photos from customers with skin specific issues from eczema, rosacea, acne prone and dry skin who saw drastic improvements using Filterbaby,” explains Xin. By filtering impurities and micro-contaminants in tap water as small as 0.2 microns, Filterbaby ensures users receive higher quality water to improve their skin's health. It is clinically tested to improve skin hydration in just 2 weeks. Through consumer studies, it is also found to reduce irritation, protect epidermis, ultimately leading to radiant and healthier skin. In addition to Thirteen Lune, Filterbaby is sold on www.filterbaby.com as well as Amazon, Urban Outfitters, Bloomingdales.com and Dormify.com. Their starter kit retails for $89. About Thirteen Lune: Thirteen Lune is an e-commerce destination designed to inspire the discovery of beauty brands created by Black and Brown founders that resonate with people of all colors. It reframes how Black, Brown and minority founded beauty brands are perceived not only from an industry perspective, but also for the consumer giving each brand a platform to educate and engage a wider audience. About Filterbaby: Research shows that most US households’ tap water contains chlorine, micro-plastics, heavy metals, and hundreds of unregulated chemicals. Filterbaby was created to reduce all of these skin irritating and harming pollutants. The brand has undergone certified third-party skin hydration lab measurement testing which showed that the filter helps increase hydration within two weeks of use. Clinically tested & dermatologist-recommended, made for skincare. Healthier skin starts with your water. Available on www.filterbaby.com, Amazon, Urban Outfitters, Dormify.com Bloomingdales.com and Thirteen Lune. Contact Details Colleen Mathis absolute R relations colleen@absoluteRrelations.com
October 03, 2023 08:00 AM Eastern Daylight Time
News ReleaseWishpond Technologies Ltd.
Wishpond Technologies Ltd. (TSXV: WISH, OTCQX: WPNDF) (the “ Company ” or “ Wishpond ”), a provider of marketing-focused online business solutions, is pleased to announce the integration of Brax with Facebook, a strategic enhancement in the way that businesses manage their advertising campaigns on the world's largest social media platform. “We are proud to launch the integration of Brax with Facebook and look forward to helping our clients achieve their online advertising goals,” said Ali Tajskandar, Chairman and CEO of Wishpond. “Facebook is one of the largest platforms offering digital advertising and so integrating with them will prove to be powerful as it provides our customers with an optimal way to create, manage, evaluate their facebook ad campaigns. We expect our Brax customers to not only operate their facebook ad campaigns more efficiently and effectively, but to also get better return on investment on their ad spend as a result.” This new integration paves the way for advertisers to harness the power of Brax's advanced ad creation tools and robust rules engine, enhancing their return on investment while streamlining their ad management processes. The key features of the integration are: Easier Ad Creation: Brax users can seamlessly create and manage their Facebook campaigns and ads directly within Brax's platform, simplifying their workflow and saving time. Simplified Ad Spend Control: Users gain the ability to manage their Facebook ad spend directly through the Brax platform, providing greater financial oversight, control over their advertising budgets and return on ad spend. Rule-Based Campaign Actions: Users can create custom rules to automate actions at the campaign level, from pausing underperforming campaigns to adjusting bids in real-time. Users are also able to leverage Brax's scheduling features to enable 24/7 campaign optimization. Improved Visibility on Return-on-Investment: Brax offers a centralized hub for advertisers to compare the performance of multiple ad networks including Facebook, Taboola, Outbrain, Revcontent, MGID, and Yahoo. Our customers are now able to make more informed data-driven decisions on which advertising networks are delivering the best ROI. This newest integration is expected to be an important milestone in Wishpond's mission to serve its existing customers, many of whom are already actively advertising on Facebook. For more information on the Brax integration with Facebook and how it can be used to improve Facebook advertising campaigns, please visit www.brax.io/facebook... Grant of Incentive Awards Wishpond also announced the grant of 1,350,000 performance share units (“ PSUs ”) (together, the “ Awards ”) under the Company’s Omnibus Equity Incentive Plan (“ Plan ”) to certain officers for an aggregate of up to 1,350,000 shares in the capital of the Company. The PSUs were granted effective October 1, 2023 (“ Grant Date ”). The PSUs vest on the one-year anniversary of the Grant Date based on the achievement of certain specific performance metrics approved by the board of directors of the Company (the “ Board ”). WISHPOND TECHNOLOGIES LTD. Per: “Ali Tajskandar” Chairman and Chief Executive Officer About Wishpond Technologies Ltd. Based out of Vancouver, British Columbia, Wishpond is a provider of marketing-focused online business solutions. Wishpond is a leading provider of digital marketing solutions that empower entrepreneurs to achieve success online. The Company’s Propel IQ platform offers an “all-in-one” marketing suite that provides companies with marketing, promotion, lead generation, ad management, referral marketing, sales conversion, and outbound sales automation capabilities on one integrated platform. Wishpond replaces disparate marketing solutions with an easy-to-use product, for a fraction of the cost. Wishpond serves over 4,000 customers who are primarily small and medium-sized businesses (SMBs) in a wide variety of industries. The Company has developed cutting-edge marketing technology solutions, including an AI powered website builder, and continues to add new features and applications. The Company employs a Software-as-a-Service (SaaS) business model where most of the Company’s revenue is subscription-based recurring revenue which provides excellent revenue predictability and cash flow visibility. Wishpond is listed on the TSX Venture Exchange under the ticker “WISH”, and on the OTCQX Best Market under the ticker “WPNDF”. For further information, visit: www.wishpond.com. Cautionary & Forward-Looking Statements Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This press release may contain certain forward-looking information and statements (“forward-looking information”) within the meaning of applicable Canadian securities legislation, that are not based on historical fact, including, without limitation, statements relating to the potential success and business results from the Brax integration with Facebook and statements regarding the ease of integration with existing infrastructure used by customers, containing the words “believes”, “anticipates”, “plans”, “intends”, “will”, “should”, “expects”, “continue”, “estimate”, “forecasts”, “schedule” and other similar expressions. Readers are cautioned not to place undue reliance on forward-looking information. Actual results and developments may differ materially from those contemplated by these statements. The Company undertakes no obligation to comment analyses, expectations or statements made by third-parties in respect of the Company, its securities, or financial or operating results (as applicable). Although the Company believes that the expectations reflected in forward-looking information in this press release are reasonable, such forward-looking information has been based on expectations, factors and assumptions concerning future events which may prove to be inaccurate and are subject to numerous risks and uncertainties, certain of which are beyond the Company’s control, including, but not limited to, risks associated with the protection of intellectual property of the Company, risks associated with the ability of the Brax integration with Facebook to integrate with existing technologies used by the Company’s clients, and the risk factors discussed in the public disclosure documents of the Company which such risk factors are incorporated herein by reference and are available through SEDAR+ at www.sedarplus.ca. The forward-looking information contained in this press release are expressly qualified by this cautionary statement and are made as of the date hereof. The Company disclaims any intention and has no obligation or responsibility, except as required by law, to update or revise any forward-looking information, whether as a result of new information, future events or otherwise. Contact Details Pardeep S. Sangha Investor Relations, Wishpond Technologies Ltd. +1 604-572-6392 investor@wishpond.com
October 03, 2023 07:00 AM Eastern Daylight Time
News ReleaseBenzinga
By Faith Ashmore, Benzinga As we come up on an election year, investors and politicians alike are interested in how it will affect the economy. The stock market generally can experience increased volatility during election years due to the introduction of uncertainty. This may leave investors grappling with the potential outcomes and policy changes that may occur as a result of the election. The campaign period often fuels market fluctuations as investors and companies react to political rhetoric, policy proposals and potential shifts in government leadership. Those looking for less volatility and more stability may want to look at necessity-based commercial real estate. This asset class tends to be largely insulated from the daily swings of the market, and by extension, the volatility that traditionally occurs in election years. Unlike other types of real estate and the traditional stock market, necessity-based (properties that are essential for everyday living — including sectors such as healthcare facilities, grocery stores, multifamily housing and more) properties tend to have consistent demand. This relative stability can help mitigate the risks associated with market fluctuations — and it seems like the current administration will seek to keep interest rates relatively steady through the end of 2024, according to necessity-based real estate firm First National Realty Partners (FNRP). FNRP is a renowned necessity-based real estate firm that has established itself as the leader of the specific industry. The company was the #1 privately-held acquirer of grocery-anchored retail real estate in 2022. With a track record of success, FNRP has established itself as the go-to investment firm for those seeking to navigate the ever-changing market and achieve long-term wealth preservation. With over $2 billion in assets under management, FNRP has consistently demonstrated its ability to deliver results for investors. Their portfolio boasts an impressive 60 current assets held, showcasing their expertise in identifying and acquiring high-quality properties that align with their investment strategy. Since its inception, FNRP has distributed over $100 million to its valued investors – a testament to their commitment to generating returns. Their successful growth is evidenced by the acquisition of over 11.5 million square feet of gross leasable area (GLA) across 23 states, solidifying their nationwide presence and extending their reach to diverse markets. Commercial real estate investments are known for their ability to provide stable cash flows, appreciation potential and risk mitigation through diversification across different properties and tenants — particularly for investors interested in grocery store-anchored properties. Grocery-anchored properties are known for their stability, as these types of properties typically have high occupancy rates and provide regular income from stable tenants. Grocery stores are considered to be a recession-resistant asset class, making them a potentially valuable option for investors who seek the relative stability and safety of income-generating properties. As the election year approaches, we may see the market shift and uncertainty increase. FNRP's strategy of investing in necessity-based, grocery-anchored shopping centers might be a good fit for investors trying to combat potential market volatility. Learn more about FNRP’s upcoming deals here. This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com
October 02, 2023 09:15 AM Eastern Daylight Time
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