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Fieldpoint Private Names Brent Yamaato as Chief Operating Officer
Fieldpoint Private, the fast-growing private banking firm serving entrepreneurs, families, businesses and institutions, announced the appointment of industry veteran Brent Yamaato as Chief Operating Officer. Yamaato joins Fieldpoint Private after more than 25 years of industry experience with Truist (formerly SunTrust) and the Federal Reserve Bank of Atlanta.
“The addition of a financial services veteran with Brent’s deep private banking experience further demonstrates our commitment to hire seasoned industry experts as we expand our presence across the East Coast and Southeast,” said Russ Holland, President and CEO of Fieldpoint Private. “As a highly-respected leader with a reputation for delivering innovative organizational transformation, he will continue to enhance our ability to deliver the high-touch service our clients expect.”
The firm has emerged as one of the fastest-growing banks in the U.S. and has steadily been adding to its teams since 2020.
Based in Atlanta, Yamaato will manage the company’s Client Experience, Digital Transformation, Deposit Operations, Facilities Management, Human Resources, Information Technology, Loaning Servicing, Operational Strategy and Efficiency, Product Management and Program Management Office.
Prior to joining Fieldpoint, Yamaato’s SunTrust (now Truist) career included a variety of leadership roles including head of Private Wealth Management Operations, responsible for modernizing the firm’s operations, and Head of Consumer Banking Operations. Most recently, Yamaato served as the head of Truist’s Merger Program Office, leading the successful merger of SunTrust and BB&T.
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Georgia Home for Sex Trafficking Survivors Awarded Gold Certification
Wellspring Living is the second program in the nation to be awarded a Gold Certification from the national Safe House Certification Review Board, led by Safe House Project. Wellspring Living is a non-profit organization in Atlanta, Georgia that provides domestic sex trafficking victims and those at risk with specialized recovery services through residential and community-based programs.
Through a six-stage certification process, Wellspring Living's residential and community programs were evaluated against established standards for management, governance, financials, and operations. Final certification was determined by a third-party review board comprised of industry experts.
According to Safe House Project, safe homes awarded a Gold certification have demonstrated their success in providing ethical, safe, therapeutic, well resourced, and sustainable residential programming to survivors while meeting best-practices in survivor care as established through empirical research and survivor input.
Sara Beth-Evans, a member of the site visit review team for Safe House Certification praised the program. "As a survivor of sex trafficking victimized both as a minor and as an adult, I have seen the impact that can have first-hand. Wellspring Living provides comprehensive, trauma and survivor-informed services to adult and minor survivors that plays a significant role in their healing and overcoming the trauma they have endured," said Evans. "Every staff member I met at Wellspring Living treats the residents with the utmost respect and care, making them feel safe and valued. Wellspring Living is making a real impact in the lives of trafficking survivors, offering the services they need and deserve."
Mary Frances Bowley, the Executive Director of Wellspring Living celebrated the certification. "Wellspring Living is thrilled to have received gold level certification through the Safe House Project. For over 21 years, we have continually strived to provide the very best for survivors in our care," said Bowley. "We wholeheartedly believe that this certification is essential in providing clarity on the standards and best practices needed to serve survivors in the most comprehensive, trauma-informed, and survivor-focused way possible. We are honored to be partnering with the Safe House Project on this initiative, which will benefit countless survivors."
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BOX Pure Air Supplies Highland Park Independent School District (TX) AIRBOX™ Air Purification Units Improving Air Quality in Schools
BOX Pure Air ("BPA") subsidiary of SinglePoint Inc. (OTC:SING) is pleased to announce Highland Park Independent School District selecting BOX Pure Air to support efforts to improve indoor air quality (IAQ) throughout the school district. The implementation includes AIRBOX™ units (48 Mesa units, 72 Peak units, 29 Apex 2.0 units) and the filters needed for the next year. BOX Pure Air supplies tried and true, portable, Certified HEPA filtration units.
Highland Park Independent School District has 886 students enrolled across three schools on the campus. This deployment entails the placement of air purification units in each of these schools, along with enough filters to last until the following year. Highland Park is purchasing 149 AIRBOX™ units to provide healthier indoor air for its students and staff. Opting for a full implementation, the elementary, middle, and high schools that make up Highland Park's campus will have units in various spaces, from classrooms to administrative offices and gymnasiums.
Ryan Cowell, CEO BOX Pure Air, said, "We are excited to work with Highland Park in their effort to improve IAQ on their campus. By selecting BOX Pure Air, we believe Highland School shows its commitment to implementing an effective indoor air quality improvement solution across the entire school's campus. We have had multiple orders in Texas, and we believe this will open the doors to many additional orders throughout the state. This full implementation demonstrates the validity and credibility of BOX Pure Air."
Cowell added, "We have made significant progress through multiple markets and our teams focused, diligent effort is resulting in significant sales. We expect to see most of our efforts reflect in Q3 and into Q4 of 2022 as schools prepare for students and teachers to return this upcoming 2022 - 2023 school year. Highland Park made the best decision a school can make related to improving indoor air quality throughout their campus, fully implementing portable air purification units where needed not just within classrooms, administration offices but all common areas including large spaces specifically gymnasiums, cafeteria's and libraries, which will utilize the industry leading APEX 2.0."
This purchase order to improve indoor air quality throughout the schools was made possible through funding provided by the ESSER III Grant. The grant was distributed to public school districts in Texas to improve overall health and safety. These funds were authorized in the American Rescue Plan (ARP), and are available to schools until the end of September 2024. Highland Park has taken full advantage of this opportunity and wisely invested its grant money into a clean indoor air quality solution that will last for years to come.
Two people instrumental in commencing this implementation include Ray Cogburn and Jimmy Hannon. Mr. Cogburn is the former executive director of Region 16 schools in Texas, which includes Amarillo, and Mr. Hannon is the superintendent of Highland Park Independent School District. Through their assistance, BOX Pure Air was able to develop a full-school Safe Air Plan.
There are many solutions being explored to help improve indoor air quality. BOX Pure Air continues to be on the forefront of exploring these new technologies. Through research and following industry studies the company has remained steadfast to date that Certified HEPA filtration is currently the best solution to improve indoor air quality along with improved ventilation where possible. Many parties are exploring ionization technology as an alternative option as ionization is advertised to destroy harmful particles. In doing so, it also releases ozone and hydrogen peroxide into the air, which can be dangerous as OSHA has set daily limit thresholds of exposure to both chemicals. Current research suggests Ionization has little to no impact on removing respiratory aerosols from the breathing zone, which should be the primary focus for creating healthy air.
Mr. Cogburn commented, "Many schools I've talked with are looking into ionization as a potential air solution. I understand the appeal from a cost perspective, but I always advise them to take the route of Certified HEPA air purification. It's proven to work, safer than ionization. Any administrator I talk with that is hesitant about investing in HEPA, I encourage them to look at the BOX Pure Air solution because it does check all the boxes."
BOX Pure Air anticipates the delivery and installation of the 149 units to begin immediately to ensure everything is in place when students return in August. Highland Park's decision to invest in air purification across the entire campus shows its commitment to the health and wellbeing of its students and staff and should be commended. They will undoubtedly be the most prepared school in their region to deal with issues such as airborne viruses, allergies, wildfire smoke, and more.
With Federal funding readily available, BOX Pure Air is excited to continue working with school districts in the state of Texas and elsewhere to provide high-quality, Certified HEPA air purification solutions. With roughly two months until the 2022-23 school year, BPA expects to see more districts following the lead of Highland Park and taking steps to improve their indoor air quality. Both the CDC and White House have stressed indoor ventilation as a potent weapon in the battle to contain COVID. Congress has approved billions in funding for public and private schools that can be used to improve indoor air quality including $13 billion for schools in the 2020 Coronavirus Aid, Relief, and Economic Security Act; an additional $54 billion approved in December 2020 for schools' use; and $122 billion for schools from the 2021 American Rescue Plan ("ARP"). Funds from the ARP are available for schools to use until the end of September 2024.
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Study Reveals Importance of Collaboration as Federally Qualified Health Centers Tackle Inequities
NextGen Healthcare, Inc. (Nasdaq: NXGN), a leading provider of innovative, cloud-based healthcare technology solutions, today announced findings of an independent study it commissioned with Federally Qualified Health Centers (FQHCs) on their journey to deliver quality care to the underserved. The study, conducted by Porter Research on behalf of NextGen Healthcare, garnered data from more than 50 clinical, operational and financial leaders at mid- to large-size FQHCs across the United States. The goal was to better understand the needs of FQHCs as they navigate common pressure points including: workforce shortages, increasing regulatory requirements, expansion of Medicaid, increased variability of patient populations, growth in services, and rapidly evolving payment models.
In the study, more than 83% of FQHCs reported they are fiercely committed to remaining independent of hospital affiliation. Additionally, 72% of participants said they are willing to work with like-minded organizations, including other FQHCs, to attain insight and pool data. The survey results indicate that FQHCs see a critical need to work together to improve health outcomes in communities across the U.S.
“NextGen Healthcare understands the mission of FQHCs and is wholly committed to assisting these community lifelines in retaining their independence,” said David Sides, president and chief executive officer of NextGen Healthcare. “By providing tools that facilitate data sharing, trend analysis and planning, we are already partnering with centers across the country as they transition to the new realities of caring for patients.”
NextGen Healthcare launched the NextGen Community Health Collaborative (NCHC) late last year to create an avenue by which FQHCs can come together. This first-of-its-kind program will offer data benchmarking, comparative analytics and reporting services, and is driven by its members to connect and share best practices to advance the mission of community health.
“It’s essential that FQHCs work together more closely,” said Doug Smith, executive vice president of Presbyterian Medical Services, an FQHC and NextGen Healthcare client. “With greater collaboration, we can better share best practices and approaches to important initiatives like social determinants of health, adverse childhood experiences, chronic condition management, and expanding care service lines.”
The full results of the study will be shared during a webinar titled “The Perfect Storm: Why FQHCs Must Choose Wisely in 2022,” to be held today at 1 p.m. EST. Click here for more information and to register.
Key highlights of the session include:
- The importance of integrated, whole-person care
- Collaboration and data pooling to tackle health inequities
- Understanding the resources available to FQHCs and how to employ them
- Reducing provider burden and burnout through improved workflows and planning
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Noble Acquires the Hilton Garden Inn Boise | Downtown
Noble Investment Group ("Noble") today announced the acquisition of the Hilton Garden Inn Boise | Downtown, capping more than $1.0 billion of investment activity over the past year.
Boise is the Pacific Northwest's third most populous region behind Seattle and Portland, known for its combination of urban lifestyle and outdoor adventure. The city is rapidly growing due to its affordability and quality of life, ranking No. 1 on Indeed's list of cities with the fastest job growth and among Forbes list of Fastest-Growing City in America. The city is home to three Fortune 500 companies, Albertsons, Inc., Boise Cascade, and Micron Technology Inc., as well as numerous corporate headquarters, including the Simplot World Headquarters, one block from the hotel.
Downtown Boise is a vibrant, walkable district with nearly four million square feet of office space, more than one hundred shops and restaurants, and art and history museums. The hotel is located in the heart of downtown Boise, providing easy access to the city's numerous leisure and business demand generators, including the Idaho State Capitol, Boise State University, Jack's Urban Meeting Place, Idaho Central Arena, and the Boise Centre.
"The Boise market demonstrates the key macro trends we are looking for in cities which we believe will outperform as we enter a new lodging cycle," said Dustin Fisher, Noble's senior vice president. "This acquisition aligns with our strategy to acquire high-quality, well-located assets in growth markets poised to benefit from the ongoing recovery in travel."
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FTX Ventures Backs Edge Tradeworks to Deliver Transparency and Liquidity to Opaque Markets
Edge Tradeworks, an innovative platform designed to address the demand for a more efficient, transparent and profitable way to trade whole loans, today announced a new strategic investor: FTX Ventures. This investment is part of their ongoing theme of investing in platforms that deliver transparency and liquidity to opaque markets.
John Roberts, Co-Founder & CEO of Edge Tradeworks, commented on the news, "We are excited to announce that Sam Bankman-Fried has invested with us. Sam and his team built FTX, one of the most successful cryptocurrency platforms in the world. He is a believer in using technology to deliver transparency, fairness, liquidity and performance. Sam believes we are well positioned to profit from the coming changes that digitization and blockchain will bring to the loan management process and to the banking business."
This investment is the latest in a series of FTX investments focused on firms in the financial industry that leverage technology to re-envision financial services making them accessible to the average person. Edge Tradeworks is finalizing a Series A round that will accelerate market expansion and will drive growth in both the loan trading and analytics subscription components of its platform. In addition, FTX Venture's investment fortifies the Company's plans to integrate blockchain technology into their product offerings.
Sam Bankman-Fried, Co-Founder & CEO of FTX, added, "The loan management and banking market is definitely a business that will be disrupted and fundamentally changed by technology. That's why I'm excited to invest in a firm that has been leading the charge when it comes to digitizing the consumer and commercial loan markets as a way to improve transparency and increase liquidity."
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COMSovereign Awarded 5G ORAN Order from the National Institute of Standards and Technology ("NIST") Shared Spectrum Metrology Group
COMSovereign Holding Corp. (NASDAQ: COMS) ("COMSovereign" or the "Company"), a U.S.-based developer of 4G LTE Advanced and 5G Communication Systems and Solutions today announced that it has been selected for a contract award by the National Institute of Standards and Technology ("NIST"), Shared Spectrum Metrology Group for a 5G ORAN-FlexRAN system.
This initial NIST Shared Spectrum Metrology Group ("NIST SSMG") award valued at $199,400 comes after a competitive review of submissions by vendors for a complete, working end-to-end 5G Open RAN 5G system. Under the public request for Proposal ("RFP") process, the NIST SSMG sought a high performance 5G core (5GC) and 5G handset (UE) in addition to the Open RAN base station supporting the feature sets outlined in 3rd Generation Partnership Project (3GPP) release 15 and Open RAN 1.0 standards.
"We wish to congratulate our team for being selected for this award which is especially gratifying because it comes after a competitive performance review against solutions provided by multiple vendors," said Dr. Dustin McIntire, Chief Technology Officer of COMSovereign. "This award is further validation of our technology capabilities and the performance of our 5G ORAN system which continues to be recognized by organizations in government, academic research and commercial markets."
COMSovereign's 5G O-RAN technology is a fully standards-compliant wireless network solution designed to provide reliable, high-performance communications in a small form factor that can be deployed in a wide array of markets including military, public safety, secure private and commercial sectors. Use case scenarios may also include ship to shore, in-flight 5G, sub-surface communications as well as providing 5G backhaul for Geostationary ("GEO") and Low Earth Orbit ("LEO") satellite constellations.
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Sealy & Company Expands Footprint Into Two New Markets in Back-to-Back Transactions – Pittsburgh, Pennsylvania & Des Moines, Iowa
Sealy & Company, a fully-integrated commercial real estate investment and operating company and recognized leader in the industrial real estate market, announces two back-to-back transactions totaling 369,812 square feet of Class A Industrial property located in two new markets of Pittsburgh, PA, and Des Moines, IA. The transactions were made for an undisclosed amount.
The Imperial Light Industrial Portfolio, located in Pittsburgh, consists of two recently constructed Class A industrial properties totaling 148,172 square feet. The buildings feature flexible and efficient floor plates that can meet a wide array of tenant needs, including office, distribution, and lab capabilities, and were thoughtfully designed to include LED lighting, ESFR sprinkler systems, one loading door per 8,232 SF, in addition to significant tenant fit-outs. The Portfolio can accommodate a range of tenant requirements starting at 6,240 square feet, a unique offering within the industrial market, making these highly functional industrial properties extremely costly to replicate. The Imperial Light Industrial Portfolio is situated in Chapman Westport, a newly developed master-planned industrial park within one of Pittsburgh's most dynamic, sought-after locations. The park provides premier access to Pittsburgh's population centers and transportation arteries. Major tenants in this industrial pocket include Amazon, General Electric, Gordon Foods, Max Finkelstein, and Niagra Bottling.
Crosswinds II consists of a modern, Class-A, 221,520 square foot distribution center located in fast-growing Ankeny, Iowa, a northwest suburb of Iowa's capital city, Des Moines. Construction was completed in 2022 and provides tenants with state-of-the-art amenities such as 32' clear height, 136' truck court with dual access, ESFR sprinkler systems, heavy power, 30 dock high doors, ample car and trailer parking, and highly visible tenant signage. The building is ideally located with exceptional access to Interstates 80/35, offering coast-to-coast and Canada-to-Mexico interstate transportation. As Iowa's largest city, Des Moines benefits from a high concentration of well-paying jobs that have helped attract and retain a highly educated workforce. According to CoStar, the metro has grown at a brisk pace in recent years, increasing nearly 17% between 2010 and 2020. This makes Des Moines one of the fastest-growing metropolitan areas in the Midwest and across the country.
"Our Investment Services Team has been firing on all cylinders this quarter. We are pleased with the deals, both on and off-market, that we have been able to underwrite and pursue so far in 2022. We will continue to pursue our portfolio by design strategy, expand our footprint, and remain one of the most active private buyers of industrial real estate," says Davis Gibbs, Sealy & Company's Director— Investment Services.
Jason Gandy, Managing Director – Investment Services, and Mr. Gibbs led the transactions for Sealy & Company. John Plower of JLL represented the seller of the Imperial Light Industrial Portfolio. John Hassler of Newmark Zimmer represented the seller of Crosswinds II.
For more news and information regarding Sealy & Company, please visit the company's website at www.Sealynet.com.
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Ally pledges equality in media spend, issues bold call to action to further drive parity in women's sports
Fifty years ago, Title IX opened the door for women athletes, many of whom developed into strong leaders on and off the field. Research shows a strong correlation between sports and women's success as business leaders: 94% of women executives have a background in sports, with over half having played at university levels, according to reports by EY and espnW. Decades later, despite record-breaking viewership domestically and internationally, women's sports are still woefully underrepresented in media.
"We know investing in women's sports offers outsized returns for our business when it comes to growing brand affinity and love, and the push for equity and parity in sports elevates all of us," said Andrea Brimmer, chief marketing and public relations officer for Ally. "We believe these world-class athletes deserve platforms to showcase their talents, and we are making this commitment to increase representation and inspire the next generation of business leaders."
"Watch the Game, Change the Game" will support the drive for equity with a new TV spot and marketing campaign featuring real female athletes at the top of their game, rally scarves for fans to show their support, and takeovers of field signage at National Women's Soccer League and Women's International Champions Cup games.
This initiative is intended to act as a call to action because Ally believes that more representation in media will help create long-term sustainability for women's sports and drive fandom, followership, and deepened engagement with core audiences for the brands that invest.
"We want to create change, and our pledge is an example of putting actions over words, and we hope other brands follow," added Brimmer.
For more information on "Watch the Game, Change the Game," visit watchtochange.com.
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Over Half of Restaurants Say Business Has Reached Pre-COVID Levels or Better, But They Can't Meet Demand, According to Popmenu Study
After a turbulent two years, business has returned to "normal-ish" for most restaurants, but the ongoing hospitality labor shortage is keeping many from operating at full capacity…and keeping eager consumers from getting a table at preferred eateries. Popmenu's new nationwide surveys of 374 restaurant owners and operators (May 18 - June 10) and 1,002 consumers (May 20-21) shed light on the industry's recovery, the impact of pent-up demand and warmer weather, and what this means for in-person dining options – or lack thereof – this summer.
The Road to Recovery – The vast majority of restaurant owners and operators report that market demand and sales at their locations have bounced back or will soon. However, a significant percentage voiced concern that another COVID wave this summer could shutter their business for good.
Key Findings
- 30% of restaurant owners and operators say their business has returned to pre-COVID levels while 25% say business has surpassed pre-COVID levels.
- 29% expect business to return to pre-COVID levels in the second half of 2022 while others anticipate it will take longer to recover.
- 42% say their business wouldn't likely survive another COVID surge this summer.
Impact of the Labor Shortage on Summer Dining – While restaurants readily welcome the influx of in-person diners this summer, they've had to turn some business away because they don't have enough workers to keep pace with guest volume. More are relying on tech to help bridge labor gaps.
Key Findings
- 51% of restaurants don't have the staff needed to handle on-premise demand this summer.
- 33% are not operating at full capacity because they can't find enough staff.
- 76% of restaurants have adopted new tech or increased tech usage to manage through the labor shortage, ranging from online ordering and contactless dining to digital waitlisting and AI phone answering.
Competition for Reservations – Consumers are having a hard time reserving tables at preferred eateries as restaurants advise to book well in advance.
Key Findings
- 52% of restaurant owners and operators say consumers are not likely to get a reservation with them on the same day.
- 45% of consumers are currently having trouble getting a reservation at a preferred restaurant.
- 59% of consumers are ordering online more often because of long wait times or no available seating.
"While more than half of restaurant owners and operators say their business has reached or surpassed pre-pandemic sales, they can't take full advantage of the demand for on-premise dining because they're short-staffed," said Brendan Sweeney, CEO and Co-founder of Popmenu. "This can be incredibly frustrating for restaurateurs — and their customers — which is why more are relying on guest-facing technology to make operations more efficient and capture revenue opportunities that would have otherwise been missed. For consumers, a little patience, planning ahead and staying connected with the restaurant will help ensure you're next on the guest list."
Popmenu recommends the following tips to help consumers increase their chances of booking a table this summer:
- Book early: A week in advance will typically suffice to guarantee a seat, but keep in mind that some restaurants are booking three weeks out or even longer.
- Become a follower: Most restaurants will provide an opportunity for you to join a loyalty program or mailing list. VIP members often receive perks like priority seating, advance invites to events and exclusive discounts and promotions. Also make sure to follow your favorite restaurants on social media for insider info so you can plan ahead.
- Set up alerts: Different reservation apps will instantly notify you if a reservation time you wanted for a restaurant becomes available. Move quickly to snatch up the time before someone else does.
- Avoid peak hours. From early birds to night owls, booking outside of popular times such as 12pm to 2pm or 6pm to 8pm increases your chances of securing a table.
- Order to go: If all else fails, an impromptu picnic with your favorite restaurant food is always fun.
Data from Popmenu's nationwide survey of 321 U.S. restaurant owners and operators in Q1 2022.
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Trive Capital | Real Estate Completes Acquisition of Madison on the Lake
Trive Capital Real Estate is excited to announce its acquisition of Madison on the Lake, a 392-unit multifamily property located in Southeast Houston. This acquisition was completed in partnership with Sentinel Peak Capital Partners ("Sentinel Peak"), an established multifamily operator with ownership experience in the property's immediate submarket.
Located minutes from Hobby Airport, Madison on the Lake offers lakefront access and several acres of green space in an urban setting with easy access to the area's employment hubs. The property's highly desirable community amenities include two large swimming pools, one of which overlooks the lake, an updated fitness center and clubhouse.
"The acquisition of Madison on the Lake is an exciting opportunity that is well-positioned for long-term value creation through unit and common area improvements. The community offers residents a unique living experience at an attainable price point and should perform well through economic cycles. We are thrilled to partner with Sentinel Peak on such a compelling project," said Troy Daniel, Founding Partner of Trive Capital Real Estate.
"Trive's real estate team is focused on opportunities characterized by off-the-run sourcing, value-add potential, and strong investment fundamentals. Madison on the Lake checks all of these boxes and is a great fit for our strategy," added Conner Searcy, Managing Partner of Trive Capital.
Trive Capital Real Estate focuses on investing in stabilized acquisition, value-add repositioning, and ground-up development opportunities through both joint venture relationships and on a direct basis. Trive's philosophy is centered around creating value at the asset level through a hands-on, collaborative approach.
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Topgolf Sets Sights on Des Moines for First Iowa Venue
Topgolf Entertainment Group, a global sports and entertainment company, plans to bring its technology-enabled golf entertainment experience to Des Moines, Iowa, in what will be the state's first Topgolf venue.
"We are thrilled to be joining the Des Moines community and look forward to welcoming our new Players to Topgolf in the near future," said Topgolf Chief Development Officer Chris Callaway. "Our focus is on creating more ways for people to play the game of golf in a fun and unique way, and the Des Moines area is the perfect place to kick off our growth within the state."
Players at the new Topgolf venue will soon be invited to enjoy the brand's signature experience where they can play in point-scoring golf games in an energetic and fun environment. Located on the corner of Jordan Creek Parkway and Mills Civic Parkway within the West Des Moines city limits, the multilevel venue will sit within The Parkways development by Hurd Real Estate and will feature 72 climate-controlled outdoor hitting bays, chef-driven menu items, top-shelf drinks, big screen TVs, music and year-round programming.
Beyond entertainment, Topgolf would create approximately 300 full- and part-time jobs upon opening this new venue, with an opportunity for future Topgolf Associates to grow their careers, work in a unique culture-first environment and be part of a company that welcomes everyone as they are.
Follow @Topgolf on social media for updates on Topgolf's progress in Des Moines.
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NexPoint Real Estate Finance, Inc. Announces Preferred Stock Dividend
NexPoint Real Estate Finance, Inc. (NYSE: NREF) ("NREF") announced today that its board of directors has declared a dividend of $0.53125 per share of NREF's 8.50% Series A Cumulative Redeemable Preferred Stock, payable on July 25, 2022 to stockholders of record on July 14, 2022.
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Invitation Homes Announces New $725 Million Sustainability-Linked Seven-Year Term Loan
Invitation Homes Inc. (NYSE: INVH) (“Invitation Homes” or the “Company”) announced today that it has entered into a new $725 million seven-year unsecured term loan maturing in June 2029.
The sustainability-linked term loan bears interest at rates based on the Company’s senior unsecured credit rating, which equated to an interest rate of Adjusted Term SOFR plus 125 basis points at the time of closing based on the Company’s current credit ratings. Pricing of the term loan can further improve if the Company meets certain ESG performance targets as determined via an independent third-party evaluation, similar to its existing five-year unsecured credit facility.
The new seven-year delayed draw term loan allows the Company to elect to receive a portion of the proceeds at closing, with the opportunity to receive the remaining proceeds in up to three additional draws over a six month period. The Company received proceeds of $150 million in its initial draw at closing, and used these initial proceeds, along with cash on hand, as part of a series of transactions to fully repay its IH 2018-2 securitization. The repayment of IH 2018-2 increased the Company’s unencumbered pool to approximately 78 percent of its wholly-owned properties.
“We’re pleased to have received such a strong commitment from established and new banking partners at attractive rates,” said Ernie Freedman, the Company’s Chief Financial Officer. “We believe the new term loan further strengthens our capital structure and offers us additional flexibility to effectively extend our debt maturities and fund other corporate needs on favorable terms.”
The loan was funded through a group of banks led by Capital One, National Association, as Administrative Agent. Capital One, National Association, The Huntington National Bank, KeyBanc Capital Markets, Inc., M&T Bank, PNC Capital Markets LLC, Regions Capital Markets, and U.S. Bank National Association acted as Joint Lead Arrangers and Joint Bookrunners. BMO Capital Markets Corp. and Raymond James Bank acted as Passive Joint Lead Arrangers.
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Dr. Susan Schayes honored among "Top 50 Women Leaders of Georgia for 2022"
Women We Admire, which recognizes and celebrates the accomplishments of today's women leaders across business, government, non-profits, entertainment, sports and other fields of work and interest, includes just one physician in the "Top 50 Women Leaders of Georgia for 2022" list just published. Susan Schayes, M.D., MPH, FAAFP, Chief Transformation Officer for ChenMed, a national leader in primary care, is honored for her expert clinical and business contributions helping the hyper-growth company transform care of the neediest populations through nearly 100 centers in 12 states.
Always recruiting outstanding doctors and care team members, ChenMed presently is expediting the self-funded construction of new centers in current markets, while also expanding into North Carolina (Burlington, Charlotte, Fayetteville, Greensboro, High Point, and Winston-Salem), South Carolina (Columbia) and rural Georgia (Savannah, Macon and Augusta).
"We acknowledge these women for their tenacity, strength and resilience year after year," reports Women We Admire, adding that, "This year's awardees are some of the contributors for the state's success."
Women We Admire and its affiliates focus on inspiring greatness in diverse settings by sharing educational content directly with 32,000 individuals and businesses.
"Dr. Schayes is a tireless champion for the highly personalized primary care that's absolutely vital for underserved seniors living with major and multiple chronic diseases," says Jessica Chen, M.D., ChenMed Chief Clinical Officer. "A humble healer, with an uncanny ability to inspire both patients and other physicians delivering VIP care, Dr. Schayes constantly helps ChenMed innovate. Her keen eye for improving the patient experience is reinforced by effective coaching to generations of physician leaders – all energized by her resolute focus on 'doing whatever it takes to transform care, one patient at a time'."
This week, Dr. Schayes launched the nation's first Fellowship in Transformative Care (FIT), that's specifically designed to train ChenMed physician leaders of the future. "We now are actively recruiting board certified physicians in Internal Medicine, Family Medicine, or Geriatrics to fill the first wave of up to 10 ChenMed Fellowships in Transformative care," explains Dr. Schayes. "Mission-focused doctors are encouraged to apply for the full-time FIT positions that are 50 to 75 percent clinical care; that require full-time travel assignments in three to four geographies per year for two years; that are a short cut to career development with accelerated leadership and income opportunities for successful candidates."
When asked about being among the "Top 50 Women Leaders of Georgia for 2022," Dr. Schayes describes the tremendous joy she still finds every day after decades of serving others as a doctor. "This award is not really about me, or the other distinguished honorees, flattered as we are to be included," underscores Dr. Schayes. "My hope is to inspire even more pride in primary care among the next generation of clinicians – all to keep the focus on transforming care for the people we are blessed to serve."
"More than 64 percent of ChenMed partners are female clinicians," adds Dr. Schayes, "and every ChenMed doctor knows the sky is the limit for top performers in our physician-led company."
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Crunchy Bridge Now Available in Azure Marketplace
Crunchy Data, the leading provider of trusted open source PostgreSQL, is proud to announce the availability of Crunchy Bridge on Microsoft's Azure Marketplace, an online storefront that contains services and applications built by industry leading technology companies.
Azure Marketplace offers thousands of apps and services from Microsoft and partners, certified and optimized to run on Azure. The availability of Crunchy Bridge on Azure Marketplace now provides users with a fully managed Postgres service from the Postgres experts at Crunchy Data, including:
- Built-in backups and disaster recovery
- Encryption at rest and in transit
- Multi-AZ high availability
- Rich set of extensions including PL/Python with data science libraries
- Pause/Resume
- Postgres Container Apps
- Full super user access
"Crunchy Bridge is the leading fully managed Postgres service for developers at organizations of all sizes," said SVP of Product Craig Kerstiens. "The Azure Marketplace enables us to partner with Microsoft to bring Crunchy Bridge's market leading Postgres experience natively to Azure users."
Crunchy Bridge sits alongside Crunchy Data's trusted Postgres technology including: Crunchy PostgreSQL for Kubernetes, a cloud-native Postgres solution built with PGO; the Crunchy Postgres Operator, that enables on-demand and production ready Postgres on Kubernetes; and Crunchy HA PostgreSQL, a powerful "always on" clustered Postgres solution for VM-based environments featuring advanced automation for deployment and maintenance. With Crunchy Data, enterprises now have the ultimate choice in Postgres management and the ability to modernize their data infrastructure for modern applications.
You can get started with Crunchy Bridge through Microsoft Azure Marketplace today by visiting the Apps page.
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ADVON Corporation Wins SBA's 2022 Southeast Region Small Business Federal Contractor of the Year Award
ADVON Corporation, a Service-Disabled Veteran-Owned Small Business (SDVOSB), was recently honored with the U.S. Small Business Administration's (SBA) 2022 Southeast Region Small Business Federal Contractor of the Year award. This prestigious award recognizes exemplary small businesses that have achieved significant success in the federal contracting arena.
ADVON is a top-level construction team based in Tallahassee, Florida, that is deployed first to coordinate efforts in the field. They specialize in industrial, institutional, and commercial projects. Their customers include the National Aeronautics and Space Administration (NASA), the Veterans Administration (VA), the Department of Defense (DOD), and other public and private institutions.
"As a contractor who is fortunate to have worked with governmental institutions such as NASA and the VA, being recognized for our diligent work by the SBA is a great honor. It speaks to the culture at ADVON and the hard-working people who make up our team," said Bill Graham, President and Founder of ADVON Corporation.
Each year during National Small Business Week, the U.S. Small Business Administration shines a spotlight on the outstanding achievements of small businesses and entrepreneurs from across the country. This year's event focused on celebrating the accomplishments of those who have helped to grow small businesses, create jobs, drive innovation, and increase America's global competitiveness. In addition, given the changing demographics of our nation, the SBA's National Small Business Week awards also recognized individuals and businesses that reflect the diverse faces of America. The US Small Business Administration believes that by honoring the achievements of all those who contribute to the success of small businesses, they can continue to create an environment that supports entrepreneurship and spurs economic growth.
Bibi Hidalco, Associate Administrator of the Office of Government Contracts, who issued the award letter to ADVON, said, "Your hard work, innovative ideas, and dedication to your community embody the spirit of excellence that has always defined our nation's small businesses, and because of these outstanding entrepreneurial achievements, the SBA is pleased to recognize your role in driving our country and economy forward."
ADVON has a team of experts with the knowledge and experience to complete any project on time and within budget while exceeding client expectations. "We understand that every project is unique, so we work closely with clients to ensure that all needs are met," said Vice President Scott Brooks.
ADVON offers services including general contracting and design-build capabilities. Their commitment to safety and service are unmatched in the industry.
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Sonrava Health Completes Acquisition of Mid-Atlantic Dental Partners
Sonrava Health today announced that it has completed the acquisition of Mid-Atlantic Dental Partners (MADP). Sonrava Health is a national family of health and wellness companies, including differentiated dental office brands, dental and vision benefit plans, provider networks, and consumer products and services – all focused on quality, value and innovation and built on a platform of unique and efficient technology.
The acquisition of MADP builds on Sonrava Health’s national footprint, bringing to the organization 215 offices in 17 states operating under regional and local brands, including: DentalWorks, Perfect Teeth and Mid-Atlantic Dental Partners. With Sonrava Health’s existing DSO brands – Western Dental & Orthodontics, Brident Dental & Orthodontics and Vital Smiles – the combination is a coast-to-coast, border-to-border organization with 572 offices in attractive markets in 20 states from California to Delaware and from Michigan to Texas.
“To patients, doctors, hygienists and other team members of MADP, we extend a warm welcome to our dental home,” said Daniel D. Crowley, Chairman and Chief Executive Officer of Sonrava Health. “Patients can expect to continue receiving high-quality dentistry and great service from their favorite care teams. We look forward to supporting the MADP offices and their patients with an expanding menu of technology-enabled treatment options focused on wellness and prevention and whole person health. We pride ourselves on being a dental home focused on high quality general dentistry, comprehensive treatment planning and convenient multi-specialty offerings for patients, excellent continuing education programs for doctors and hygienists, and exciting career ladders for team members throughout the organization.”
“Bringing MADP’s offices onto Sonrava Health’s proven platform, while maintaining unique qualities that have contributed to their success and adopting the best practices of each organization, will create greater access to high quality general and specialty dental care for patients from all backgrounds,” Crowley added.
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Blackbaud Names Chris Singh Chief Customer Officer
Blackbaud (NASDAQ: BLKB), the world's leading cloud software company powering social good, today appointed Chris Singh as Chief Customer Officer. Singh is the first leader to hold the newly created position at Blackbaud, representing a significant next step in the company's commitment to customers and their end-to-end experience.
"I'm thrilled to announce Chris's promotion to Chief Customer Officer," said Mike Gianoni, president and CEO, Blackbaud. "We're dedicated to delivering a best-in-class experience for our customers, and this central position focused on their success will help us provide better support as a trusted partner and enable our customers to drive even more impact for social good."
Singh first joined Blackbaud in May 2021 as senior vice president of Customer Success and has already demonstrated impact in his first year with the company by:
- Conducting more than 300 customer enablement sessions with over 53,000 attendees to help customers get the most out of their Blackbaud solutions through strategic insight
- Creating a critical response center to identify and manage high priority customer issues with diligence and speed
- Working cross-functionally to programmatically mature customer product usage and utilize data strategy to deliver value to customers
- Increasing proactive customer engagements with a focus on outcome and strategy
In his new role, Singh will oversee strategy and execution of the customer experience across Blackbaud under a shared vision to deliver at every stage of the customer life cycle.
"The addition of the Chief Customer Officer role solidifies Blackbaud's stake in putting customers first," said Singh. "This role will ensure that throughout the customer life cycle, we are delivering on outcomes and great experiences in a seamless and consistent way. It will ensure that investments are made to scale and continuously transform our end-to-end customer experience as technology and businesses evolve. It means Customer Success will have board visibility and be fully accountable to deliver on the promise of great customer experience and value realization."
Prior to joining Blackbaud, Singh served as senior vice president of Customer Engagement and Experience at SAP, where he created the SAP brand of SAP Preferred Success—a best-in-class Customer Success Management program that helped thousands of customers in 53 countries meet their business and strategic goals in the cloud. He has held key senior leadership roles in product and software development, innovation, engineering and customer success. He has demonstrated success in achieving significant gains in customer satisfaction, references, renewals and incremental cloud subscription revenues.
In addition, Singh serves on several boards as an advisor and is a social media influencer and thought leader on customer success, innovation and value-based technology trends. He is deeply passionate about people and making communities stronger, and he supports many social good causes.
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Fuse Conducts Live-Flight Demonstration of Tactical Edge Networking Capability During Joint Marine Corps/Navy Exercise
Fuse Integration, an innovative federal defense communications, networking and computing solutions provider, today announced it conducted a successful live-flight demonstration of its Tactical Edge Networking capability in support of the U.S. Marine Corps' I Marine Expeditionary Force and the U.S. Navy's Third Fleet. The joint multi-domain exercise enabled the interconnecting of multiple distributed nodes and command posts replicating expeditionary advanced base operations.
Throughout the day-long exercise at Camp Pendleton in California, Fuse provided networked text, voice communications and live video across the distributed network to the I MEF and Third Fleet. The company demonstrated resilient, multi-domain networking in a notional, SATCOM-denied environment; low probability of intercept/low probability of detection discovery for Bandwidth Efficient Common Data Link over out-of-band control planes; directional mesh networking; and multi-link crossbanding.
In support of the exercise, Fuse utilized three of its key products: Tactical Technologies Toolset, a remote network monitoring and management solution for multi-domain operations; CORE®, a flexible and small, weight and power networking solution that connects aircraft, ground vehicles and ships with ground operations across secure and unclassified networks; and the DARE Airborne Networking Gateway, which extends network connectivity for airborne and ground-based warfighters in a wing-mounted pod airframe.
"Our nation's warfighters require reliable, secured communications across multiple domains to outpace the adversary's decision-making," said Sumner Lee, CEO of Fuse. "Our team has developed the capability to enhance shared awareness between distributed, expeditionary nodes and accelerate the sensor-shooter cycle. We're grateful for the opportunity to support our Navy-Marine Corps team and look forward to supporting future joint exercises with our proven technologies."
The Fuse TEN architecture is designed to enable joint all-domain command and control, facilitating rapid prototyping with joint networks and "speed to fleet" deployment across multi-domain – air, ground, maritime – platforms.
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