Marketreports.info has unveiled the addition of a new study titled Global Real Estate Investment Solution Market, which incorporates regional and global price information and is expected to earn a profitable worth between 2022 and 2030. The research defines the market, designates it, describes its operations, interactions, and global Real Estate Investment Solution industry trends.
The study describes the industry’s rivals, revenue streams, upside potential, rapidly evolving developments, product lines advancements, market valuation, segmentation, and market dominance of the best players. Current market correlations are investigated, contributing to the analysis of the global Real Estate Investment Solution market. It presents a genuine picture of the existing customer base by including precise and predicted market predictions for value, turnover, social change, demographic and market regulatory factors.
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The regions covered in the Real Estate Investment Solution report are:
North America (United States, Canada and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
Real Estate Investment Solution Market Segments are:
Segment by Type– On Premise– Cloud basedSegment by Application– Large Enterprise– Medium Enterprise– Small Enterprise
The important players covered in the Real Estate Investment Solution market report are:
IBM TRIRIGA, AppFolio, Propertyware, Rent Manager, Entrata, ResMan, Yardi Voyager, MRI Residential Management, Buildium, TurboTenant, Rentec Direct, TenantCloud, SimplifyEm, Arthur, Property Meld, Evercondo, Planon Real Estate Management, iManageRent, Hemlane, Rentables
The leading firms in the global Real Estate Investment Solution market are examined for respective market share, historical turn of events, latest flagship releases, and organization mergers. Similarly, the research examines their whole product line to determine which applications they continue to prioritize while trading in the global Real Estate Investment Solution market.
Access Full Real Estate Investment Solution Report: marketreports.info/industry-report/65455/Real-Estate-Investment-Solution
What makes the Real Estate Investment Solution report worth buying?
A thorough and deep overview of the global Real Estate Investment Solution industry is provided in commodity, use, and region-based sectors.
This Real Estate Investment Solution study examines the industry incentives and restraints that influence industry growth.
Creating company strategies and elements that will aid in Real Estate Investment Solution market development.
Analyzing free markets and devising effective Real Estate Investment Solution industry business strategies.
Customization of the Real Estate Investment Solution Report:
This report can be customized to meet the client’s requirements. Please connect with our sales team (sales@marketreports.info), who will ensure that you get a report that suits your needs. You can also get in touch with our executives directly to share your research requirements.
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What is ESG?
The term, which is widely used as ESG in practice, is the abbreviation of the initials of the English phrase “Environmental, Social and Governance”. ESG, which has developed as the concept of sustainability and social impact performance of an investment, covers one of the main the issues that investors should research and consider before making an investment decision.
The areas touched by ESG practices can be grouped as follows, without being limited thereto:
- Environmental: Pollution, Waste, Water, Natural Resource Management, Supply Chain Management, Emissions and Carbon Footprint, Land Use and Non-Destruction of Forests, Energy, Renewable Energy, Climate Change and Its Impacts
- Social: Health and Safety, Human Rights, Gender Equality, Consumer and Product Responsibility, Modern Slavery, Human Trafficking, and Child Labor, Employee and Customer Relations, Stakeholder and Community Engagement
- Governance: Anti-Bribery and Anti-Corruption, Anti-Money Laundering, Risk Management and Audit, Reputation Management, Crisis Management, Use of Sustainable and Green Finance Tools, Financial and Corporate Reporting, Gender Non-discrimination, Diversity and Inclusion in Employment, Managers and Management Duties and Responsibilities of Board Members, Data Protection, Cyber Security, Compliance with Legislation
Considering the titles above, it is a fact that environmental awareness, social relations, and corporate governance principles are the focus of ESG-oriented investments. In order to create a consistent and sustainable investment, the relations between ESG applications should be evaluated with a holistic approach.
Less than 20 years ago, ESG was launched as a social responsibility initiative by the United Nations which is now a global phenomenon with a growth rate of 34 percent worldwide since 2016, reaching more than US$30 trillion in assets at the start of last year[1]. However, ESG did not become a major focus all at once, nor was this development disconnected from the needs of the business world and the environment. Since the beginning of the 20th century, the social pressure created by various crises, claims, boycotts, and actions in the business world has given ESG its current meaning. Some researchers even trace the history of ESG, according to some sources, to those who, in the 18th century, opposed the slave trade, smuggling and luxury consumption and boycotted companies that produced liquor, tobacco, or allowed gambling[2]. As it can be seen, despite the advancement in the environmental, social, and governance aspects of the business world and capital, regardless of the consequences, took place with consumer demands, the main feature that distinguishes today’s ESG concept from similar social responsibility initiatives is that it has begun to be seen that ESG sensitive business strategies also have a positive effect on company profitability. Indeed, the main motivation for the adoption of this concept and the transition to fast and fundamental applications in this field is the deep need for a sustainable economy, the support of this need with government policies, the increasing awareness of ESG and the integration of ESG into the way companies do business has become an inevitable element both ethically and commercially.
Why is ESG Important?
The climate crisis, epidemics, social inequalities, and the reflections of the practices experienced in the global economy in connection with these situations, have inevitably increased the importance of ESG applications. The green economy, which has been growing for years, has continued to develop its unique tools. Especially in recent years, with the impact of the Covid-19, the International Monetary Fund (“IMF”) has repeatedly called for green recovery. The actors in the market realized that economic development and progress would not be possible with unsustainable growth models, therefore investment instruments such as green bonds or green lease certificates were given priority. While there was a slowdown in standard investment and borrowing activities due to the effect of the Covid-19, the sustainable bonds and loans market continued to grow. For example, the Turkish Capital Markets Board (“CMB”) recently observed that, taking into account the above-mentioned developments, regulatory and supervisory institutions like itself in the world have introduced regulatory frameworks for the healthy growth of these markets and the protection of investors within the framework of their public disclosure obligations. Thereupon, the CMB prepared a regulatory framework with Green Debt Instrument and Green Lease Certificate Guidelines Draft (“Guide”)[3] in accordance with the provisions of Article 1 and Article 128/e of the Capital Market Law, within the framework of the 11th Development Plan, the 2021 Economic Reform Package and the Paris Climate Agreement priorities and actions. Thus, with the Guide, the CMB has taken a concrete step towards increasing the issuance of green debt instruments and green lease certificates in the Turkish capital market, strengthening investor confidence in transparency and external evaluation (such as second-party opinion/verification) obligations and diversifying investment opportunities in projects that contribute to sustainable development. The Ministry of Treasury and Finance published the Sustainable Finance Framework Document (“Framework Document”)[4] on its website on 12 November 2021 to set the standards for green, social and sustainable transactions in financial markets. The Framework Document lays down the standards of sustainable finance instruments such as green, social or sustainable bonds, loans and debt instruments, and appropriate green and social projects. In the light of the developments in the world within the framework of the green economy, it is necessary to state that green debt instruments have emerged as a “result” and “mentality” beyond being a “tool” for the revival of green markets in Turkey. Because this is a reflex shown to ensure sustainable development and economy. The development of these instruments and the growth of their markets will contribute significantly to the climate crisis. In particular, the fact that this issue is subject to supervision by a regulatory and supervisory institution such as the CMB and that the treasury borrowings to be made in this field will lead the way for many companies to contribute to the development of the economy without sacrificing social and governance factors, as well as the fight against the climate crisis[5].
To avoid the devastating effects of the climate crisis, sustainable investment portfolios and private initiatives in the form of effective ESG investments have been developed as ways in which people, businesses and investors of all sizes can contribute to making the world a healthier place. These methods also provide investors with a transparent and comprehensive disclosure of climate-related financial risks. In this regard, it is possible to say that public-private cooperation has increased noticeably. The COP26 Summit is an international example of policies implemented to slow and ultimately reverse climate change[6].
In addition, considering that investments always have inherent risks, ESG investment instruments that provide long-term confidence in direct proportion to sustainability will be able to eliminate many risks, including reputational risks. ESG instruments can shape the market by finding its reflection not only in investor behavior but also in consumer behavior. For example, ESG investment tools have become the focus of consumers and therefore investors in a wide range from companies that adopt the Green IT[7] approach in their production and service delivery processes to energy-saving smart systems or from sustainable approaches in the textile sector to electric charging stations.
Moreover, although corporate governance and corporate ethics have always been a part of good governance, especially after the global economic crisis that started in 2008, it has become a “must-have” condition for investors. Beyond where corporate social responsibility is regulated, investors also need to adopt ethical corporate governance practices. Because the actions of companies that lack these practices may have direct or indirect social effects. In this context, fundamental problems of companies such as lobbying, data privacy, tax transparency, fight against corruption and bribery are taken as indicators. ESG encourages investors to take a stand against companies that lack transparency towards each other (peer pressure). The driving force here is the risk of serious environmental, social, financial and human rights violations, which may occur due to the violation of the UN’s Sustainable Development Goals[8] and applicable due diligence laws, as well as the risk of reputational damage.
New Investment Approaches Within the Scope of ESG
Along with the concept of ESG, concepts such as responsible investment, socially responsible investor, and impact investing came to the fore.
Responsible Investment
Responsible Investment is defined as a strategy and practice that integrates ESG factors into all evaluation criteria, from the investment decision to the end of the investment.[9] First of all, it should be noted that socially responsible investments have different investment approaches such as ethical investing, social responsibility investing, or impact investing. These different approaches aim to combine financial return with moral or ethical considerations; therefore, responsible investment is an ESG-oriented investment strategy that can be implemented by investors whose primary aim is financial return in a sustainable manner in terms of ethical and social issues in business. In this context, responsible investment argues that ESG factors are not abstract concepts that only consider ethical and environmental principles, and companies that do not take these principles into account, in fact, have significant risks on the financial returns provided to investors. The development of this understanding includes i) greater recognition in the financial community that ESG factors often play an important role in determining risk and return; ii) increasing demand of transparency of the beneficiaries and investors about how and where their money is invested; and iii) increasing regulatory recommendations that integrating ESG factors as part of an investor’s duty to clients and beneficiaries. The growing number of academic studies support the idea that integrating ESG factors is not costly[10].
Socially Responsible Investment
Socially Responsible Investment (“SRI” – also known as Value-Based Investment or Ethical Investment) uses negative screening to avoid investing in companies that have negative impacts on the environment or society. Negative screening refers to the deliberate avoidance of investing in companies or organizations with activities that conflict with the investor’s non-financial values. After this screening, certain titles are removed from the investment options, and in this way, it is aimed to prevent the investment portfolio from causing negative results.
Impact Investing
The Impact Investing approach, similar to Responsible Investment and SRI, includes social and environmental factors in the investment analysis. However, it takes the responsible investment approach a few steps further by prioritizing investing in companies or funds that prioritize social or environmental impact over financial return. Impact investments are expected to have a positive impact. Thus, the purpose of impact investing is to help a business or organization achieve specific goals that are beneficial to society or the environment. While creating financial returns is the primary expectation in ESG-focused Responsible Investment and SRI strategies, Impact Investing puts financial concerns behind social impact concerns. Making a nonprofit investment in clean energy research and development projects, regardless of how successful they will be, can be given as an example of Impact Investing.
In addition to the aforementioned practices, thanks to the intense interest in ESG, the number of applications for other similar concepts such as sustainability investment instruments, responsible investment funds, and sustainability indices is increasing day by day.
ESG Applications in Turkey
While ESG investments and regulations in Europe are developing rapidly, although ESG investments in Turkey have started to attract attention, it is possible to say that Turkey is at an early stage in the establishment of ESG regulation. Prior to the publication of the Guide announced by the CMB above, the Office of the President of Turkey established a partnership with the United Nations Development Program (“UNDP”) in the preparation of two important reports. These reports were created under the titles of “Impact Investment Ecosystem in Turkey” and the “Turkey Sustainable Development Goals (“SDGs”) Investor Map”, and these reports took the UN SDGs as a benchmark to provide an overview of the current state of sustainable investment in Turkey. These developments are important proof that the regulatory authorities in Turkey also follow the global ESG developments regarding sustainability and will make regulations on ESG when they deem necessary.
Beyond these reports, Turkey’s incentive for ESG investments led to the creation of advisory legal regulations at the beginning. Accordingly, in October 2020, the CMB has amended the Communiqué On Corporate Governance[11]. In connection with this Communiqué, CMB has also published the Sustainability Principles Compliance Framework (“Framework”) for publicly traded companies[12]. According to the CMB, the main purpose of this text is to “encourage companies to take a larger share of global sustainable investment flows”[13].
The framework includes more than 50 principles that fall into four categories: (i) general principles, (ii) environmental principles, (iii) human and employee rights principles, and (iv) corporate governance principles. Enforcement of these principles is currently optional. However, the reporting obligation of all listed companies in Turkey according to the Framework is currently within the scope of the “Comply or Explain” principle. As a result, non-financial disclosures of publicly traded companies should now include explanations on whether or not sustainability principles are applied.
In terms of green and sustainable bonds, Turkish companies have reached an issuance size of approximately US$ 5 billion until this date[14]. A significant portion of these issuances were issued by banks or large companies called blue-chip. While a significant portion of the issuances are issued to foreign investors in eurobond format; a small portion was issued to domestic investors in the form of local bonds. Looking at the equity markets, it has been observed that some companies have received an ESG rating during the public offering phase, and through this rating, they aim to attract the attention of institutional investors with high ESG sensitivity.
ESG themed instruments in our country lag behind global practices both in terms of export frequency and size. Although Turkey lagged behind a bit in these processes, it is not left behind, and with increasing awareness, it is a candidate country to catch up with the level of developed countries in the shortest time.
A Rising Trend in Merger and Acquisition: ESG
Increasing ESG-focused investments have also made advanced ESG due diligence (“DD”) processes a growing part of merger and acquisition (“M&A”) negotiations. Indeed, the M&A market has started to see ESG as an important dynamic in Financial and Legal Due Diligence Reports (“DD Report”) in M&A projects, especially when it comes to investment in a global company or business idea, regarding value chains. Accordingly, companies are expected to include new provisions in their purchase agreements regarding their ESG profiles. In addition, as the legislation -which is likely to be developed and published- diversifies, examining the compliance process of companies with the relevant legislation in the field of ESG will also be considered as an important part of the DD Report.
A legal and compliance-oriented DD and the resulting DD report form the backbone of most merger and acquisition projects. Because the identification and measurement of risks and the management of these risks can only be realized after a careful examination. These risks may be legal, as well as commercial and financial risks on which the company builds its values. ESG risks, on the other hand, can take their place among the risks that may arise in almost every field and need to be managed. Many areas from climate change to human rights and modern slavery, from diversity to data privacy and corporate governance can be given as examples of ESG-based risks. In measuring these risks, the ESG Rating scores obtained as a result of the analyses made by the ESG Rating Agencies (although not standardized) are evaluated by making use of the developing technology[15]. It would be appropriate to emphasize that ESG-focused investments are an investment approach beyond purely profit-oriented. Because ESG investors are now asking questions that address their own value chains and looking for answers. In this direction, an investor wants to know which company he invested in, to know about it, to analyze customer relations, to see whether it has duly procured its financial resources, to understand how it behaves towards the environment and its employees and to monitor working conditions and compliance conditions. Although this behavior of the investor may result from his own will and the driving force of the market he is in, it should be emphasized that comprehensive and detailed ESG compliance laws are now being implemented on a global scale. It should not be ignored that ESG compliance will become a legal obligation beyond a business and investment model for many companies in the near future.
Conclusion
Today, ESG has become a criterion that significantly affects both the way of doing business and the behavior of investors. It is an inevitable fact that ESG criteria will become an “indispensable” evaluation criterion in the future for both investors and customers. While this reality is fed by the increasing awareness of individuals and companies; it concurrently becomes a basic principle that is supported by state policies and constructed on legal grounds day by day. These processes were first led by the European Union countries; Subsequently, this current spread to the USA and then to all other countries. Turkey has started to make significant progress in the field of ESG by taking the necessary steps under the leadership of regulators and well-known leading companies.
Investors are integrating more and more ESG criteria into their investment decision processes. The important reason for this integration is that investors want to do the right thing in terms of environmental, social, and governance issues, as well as avoid the negative effects of behaviors contrary to these principles on company profitability and investment returns. In other words, ESG-focused investments outperform other alternative investments. Investors who are aware of this pay attention to place ESG at the top of the evaluation criteria they use when making investment decisions in both capital markets and M&A markets. It is thought that some of the legal regulations summarized above will become mandatory in the very near future, taking into account the global ESG practices in Turkey. For this reason, first of all, increasing ESG awareness within the company in all areas, supporting this awareness with various company policies and objectives and most importantly, making ESG practices a principle by creating necessary strategies will make a great contribution to sustainable success.
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PETALING JAYA: There is a myth that property investments can never go wrong. The truth is that you can. Many inexperienced property investors make common mistakes that can lead to devastating consequences.
But you can avoid these mistakes by joining the StarProperty Awards 2022 Virtual Showcase as it is hosting a webinar on Common Mistakes of Property Investment. The webinar, hosted by property YouTuber Sean Tan and Makeover Guys co-founder Gavin Liew, will help potential investors navigate the entire process of property investing.
“One of the biggest mistakes I see is that many property investors jump onto the property bandwagon without a plan. Some buy to impress or under pressure from family. That is not a reason to buy property because we are talking about a 20 to 35-year commitment,” said Liew.
Importantly, investors should only invest in property that they can afford, according to their circumstances. It would be unwise to invest to fulfil another person’s expectations, Tan also added.
“Don’t buy with your spouse or significant other, this is an opinion that I am famous for,” said Tan. “It creates a lot of complications in the future, and worse if the relationship breaks down. Instead, buy what you can afford instead of asking for other people to share the property with you.”
Before foraying into property investment, investors should have a carefully planned strategy and set a maximum purchase price for themselves. This helps to narrow down the location and type of property to invest in. Afterwards, be familiar with the current property market, such as the price per square foot for different areas, added Liew.
Drawing from their personal experiences, the duo also shared more mistakes to avoid when renting out the units, buying auction properties as compared to bulk properties, and dealing with defects in a property. The full webinar is available, completely free, at the virtual showcase.
There are a total of nine webinars with a broad range of interesting and helpful topics for property investors. For those still researching the property market, Dr Victor Gan will be speaking about the new MRT Circle Line and the developments nearby in MRT 3: Lord of the Rings.
Jessica Jong’s webinar, Managing Loans Post Moratorium in 2022, would help with learning better loan management. Understand the impact of overnight policy rate with Miichael Yeoh’s webinar, The Impact of OPR on Your Borrowing and Property Market.
Other webinars include 7 Legal Tips for Auction Properties by Alfred Chong, Malaysia Property Market Overview for 2022 and Beyond by Charles Tan, Should You Buy Your First Home During the Post Pandemic? by WK Ng, Nak Jimat dan Selamat Renovasi by Amin Yussoff, and How do Basic Feng Shui Fundamentals Impact Your Life in 2022 by Joe Choo.
Visit the StarProperty Virtual Showcase here.
SEOUL, June 29 (Reuters) – South Korean battery maker LG Energy Solution Ltd (LGES) (373220.KS) plans to reevaluate its investment plan for a standalone Arizona battery factory due to the current U.S. economic environment, a company spokesperson said on Wednesday.
The spokesperson’s comments on the previously announced $1.3 billion investment came after LGES said in a statement that, “Given the unprecedented economic conditions and investment circumstances in the U.S., LG Energy Solution is currently reviewing various investment options.”
The company, South Korea’s biggest player in the booming market for electric vehicles and batteries, said no decisions have been made in its statement, which didn’t mention the Arizona plan.
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LGES shares fell 2.6% in early trading, while the benchmark KOSPI (.KS11) index was down.
The statement comes just three months after LGES, which counts Tesla Inc (TSLA.O), General Motors Co (GM.N) and Volkswagen AG (VOWG_p.DE) among its customers, announced plans to build a battery factory in Arizona by 2024 to meet demand from startups and other North American customers. read more
LGES said in March the plant would be its first U.S. factory to make cylindrical cells, a type of battery that has been used in Tesla and Lucid vehicles. Construction was to begin in the second quarter of 2022, it said, with mass production to start in 2024.
In the United States, LGES is building three plants with GM in Ohio, Tennessee and Michigan and plans to expand its existing factory in Michigan. read more
LGES has production sites in the United States, South Korea, China, Poland, Canada and Indonesia.
($1 = 1,290.8000 won)
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Reporting by Heekyong Yang; Editing by Tom Hogue and Kenneth Maxwell
Our Standards: The Thomson Reuters Trust Principles.

At its June 28 meeting Asheville City Council passed the City Managers recommended budget with a 6 to 1 vote.
The $217 million budget is based on internal work, community input and Council priorities, and reflects the long term strategies and continuation of the reimagining public safety process.
The budget includes no change to the current property tax rate of 40.30 cents per $100 of assessed valuation.
City staff continued to use the same guiding principles as recent years: 1) Essential service delivery, 2) Enhancing customer value, and 3) Strategic alignment in the development of the budget.
At their retreat on March 17-18 2022, City Council identified six key priorities to invest in for the upcoming year. In addition to on-going funding for numerous services and programs linked to Council priorities, below are additional investments that are included in this balanced and fiscally responsible budget:
Reparations:
- $500,000 allocation in this budget, bringing the total available budget for Reparations to $2,235,000.
- An on-going planned annual allocation of $500,000 in future budgets.
Improve & Expand Core Services
- Funds employee compensation adjustments
- Ensure all full-time employees earn at least $35,360 annually, with an additional adjustment in January 2023 to $36,816 annually including adjustments for compression.
- Provide all other staff who do not receive an adjustment under the previous two items a 5.0% increase if hired on or before December 31, 2021 or a 2.5% increase if hired after that date.
- Increase in Transit vendor contract to increase pay by $2.00 to retain and recruit Transit employees
- Additional funding for traffic sign and pavement markings
New Positions and Operational Improvements
- GIS Specialist
- HR Information System Software
- Web based budget document
- Sanitation and waste reduction (covered by fee increase)
- Emergency Preparedness planning will improve the City’s response to, recovery from, and resilience against disasters, emergencies and other hazards.
- Disparity Study required to maintain legal authority for the City’s race and gender conscious procurement policy.
Reimagining Public Safety
- Funds a new Emergency Medical Technicians (EMT) pay supplement for staff who have this certification.
- Funds installation/replacement of 2-3 camera systems per year in recreation centers.
- 911 Consolidation with Buncombe County to enhance safety and expand opportunities for alternate response methods through consolidated training and procedures.
Equitable & Affordable Housing & Stability
- One-time funding to complete a missing middle housing study
- Funding to continue the City’s participation in the County’s Homeowner Grant Program to minimize the impact of increased taxes on qualified property owners.
Houselessness Strategies
- Addition of a new Homelessness Strategy Project Specialist to develop and implement strategies to alleviate homelessness and provide technical assistance to community partners.
- Funds Code Purple sheltering.
Neighborhood Resilience
- Provides funding to the Parks and Recreation Department to relocate their parks maintenance operation from the East End/Valley Street neighborhood.
- Funds an Urban Forestry position to enhance staff capacity and professional expertise to implement the Tree Canopy Protection Ordinance Amendment.
- Additional funding to continue and expand after school programs at Recreation Centers
- Utilize ARPA funds in the CIP for completion of the Memorial Stadium project
- Budgeted for improvements at the Municipal Golf Course
The development of the budget for fiscal year 2022-2023 focused on connecting funding with our community needs. City Council and staff are pleased to present a balanced proposed budget that makes significant new investments in our community, our employees and Council’s strategic priorities.
To take a look back at the budget development process including videos and presentations you can visit the Budget Process page.
WASHINGTON, June 28 (Reuters) – The White House said on Tuesday that companies are planning to invest more than $700 million to boost U.S. manufacturing capacity for electric vehicle (EV) chargers – actions set to add at least 2,000 jobs and make charging more accessible and affordable.
The investments include $450 million earmarked by Volkswagen (VOWG_p.DE) unit Electrify America and more than $250 million by Siemens (SIEGn.DE) to expand its Grand Prairie, Texas and Ponoma, California EV charger plants.
FLO, an EV charging network operator, is also investing $3 million in its first U.S. assembly plant in Auburn Hills, Michigan.
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The investments will help boost U.S. manufacturing capacity for EV chargers to more than 250,000 per year, the White House said, without giving a figure for current production capacity.
Last August, President Joe Biden set a non-binding goal to make half of all new vehicles sold in 2030 electric, fuel cell or plug-in hybrid. As part of that, he wants to see the U.S. network of EV chargers grow to 500,000 by 2030, up from about 100,000 today.
The investments by private companies follow more than $7.5 billion in subsidies that were in last year’s bipartisan infrastructure law.
Biden’s goals and the subsidies have helped spur private investments, White House deputy national climate advisor Ali Zaidi told reporters on Monday.
That has meant “chargers weren’t getting brought in from overseas (and) they were being a source of opportunity in communities all around the country,” he said in a call about a U.S. report showing jobs in the energy business rose 4% last year, led by jobs in carbon-cutting vehicles. read more
The U.S. public charging network for EVs is becoming more robust, but significant differences in reliability and performance remain between providers, an industry ranking by engineering consulting firm umlaut found this year. read more
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Reporting by Timothy Gardner; Editing by Edwina Gibbs
Our Standards: The Thomson Reuters Trust Principles.
Today as stocks and bonds stumble due to inflation, rising interest rates, war, and unrest, private equity commercial and multifamily real estate deals continue to help investors build and preserve wealth. In its 2022 Investor Benchmark Survey, CrowdStreet found 98% of respondents plan to make at least one private equity real estate investment in 2022, while 65% plan to invest less in stocks and bonds.
Substantiating this trend, last year CrowdStreet saw its largest investment year since its 2014 inception—$1.2 billion invested by retail investors—and this year has topped over 100 realized deals. Its private real estate offerings allow individuals to help diversify their portfolios with private commercial and multifamily real estate deals that might otherwise be available only to institutional investors and other insiders.
Further proof that investors have come to see private equity real estate as an advantageous investment in uncertain times has been CrowdStreet’s deal velocity: since 2014, it has closed more than 645 online real estate syndication deals, with 115 of them fully realized as of May 2022.
“We were innovators when we brought CrowdStreet’s online marketplace to retail investors. No one else was offering the same breadth and depth of meticulously evaluated deals for all property types—multifamily, office, hotel, industrial and more. But to meet increased investor demand for strong private real estate opportunities, it’s critical to keep developing and implementing groundbreaking, state-of-the-art products and solutions,” Cofounder and CEO Tore Steen said. “Given their past accomplishments at innovating fintech and marketplace businesses, John Farda and Scott Mackley will help us continually evolve our investor and sponsor experience with our platform.”
John Farda will refine and expand CrowdStreet’s flagship investment platform
Incoming Chief Product Officer John Farda is charged with demystifying, streamlining, and elevating the commercial real estate investing experience for individual investors, whether they are self-directed or prefer some level of guidance. He builds on his experience driving transformation and growth at some of the financial industry’s best-known companies.
Most recently, Farda was managing director of North America for global foreign exchange trading platform OANDA, where he headed growth in the United States and Canada. Before that, he was an executive at Fidelity Investments and at E*TRADE, spearheading the development and optimization of fintech products for both of those market leaders.
Farda will concentrate his team’s efforts on CrowdStreet’s tech-enabled Marketplace, the online platform that allows investors to filter and research commercial real estate deals offered from real estate sponsors. As a two-sided Marketplace that supports both investors and real estate sponsors, the goal is to refine and expand the products and processes and make it easier and more effective for both stakeholders.
“Investors increasingly demand an easy-to-use platform that provides the widest range of tech-enabled commercial real estate investment options. We’re already known as an industry leader in providing this experience, but as new technologies emerge, we see so many ways to tap into them and broaden the potential and options for investors,” Steen said. “That’s why we’re looking to John. He’s blazed these trails before at E*TRADE, Fidelity, and OANDA. He has the know-how and creativity to develop and implement advances that will change the way sponsors structure deals and individuals invest in real estate.”
“I’ve spent most of my career helping retail clients participate in the markets. Since sponsors are as critical to this equation as investors, I see my work at CrowdStreet as the next phase of that, which will mean anticipating needs and simplifying the journey for both groups,” Farda said. “We’re going to make it easier for more investors to understand the benefits of having commercial real estate in their portfolios, and to streamline the investing process for sponsors.”
Scott Mackley will provide unified and focused leadership as CrowdStreet grows
Incoming President, Marketplace Business Scott Mackley will head up capital markets, investments, strategic partnerships, marketplace operations, investor relations and internal sales. He brings more than 25 years of financial industry experience with QuinStreet, Citigroup, and Salomon Brothers and years of success consulting for high growth fintech firms at similar stages and with analogous opportunities.
Mackley will oversee all aspects of CrowdStreet’s private equity commercial real estate deals, from prospecting and sourcing deals to preparing them for launch on the Marketplace to supporting fundraising. Post-funding, his team will oversee performance management and investor management. Private real estate deals usually stretch over several years, from pitch to payout, so leadership must be both high-level and granular. “Building a successful marketplace,” Mackley pointed out, “requires focusing over time on the success of both sides of the market, the sponsors and the investors.”
“CrowdStreet is already a market leader that focuses on providing the highest quality deals. But to realize the potential of our industry, we need to reach investors who should have commercial real estate in their portfolios but don’t understand the investment or know how to find and get the best products possible for their needs and investment goals,” CEO Steen said.
“We’re creating options in our Marketplace so people can find investment opportunities that truly meet their needs and get in and out of them with speed and ease if they need or want to,” he added. “And Scott, who has built multiple-hundred-million-dollar marketplace businesses, has the expertise and acumen to help us maximize that potential.”
Mackley said he was drawn to CrowdStreet because his experience has shown him the potential for tech-enabled businesses to disrupt legacy industries. “Commercial real estate investing continues to take an old school approach,” he said, “but CrowdStreet’s innovation is modernizing and democratizing the industry so more investors can reap the wealth-building benefits of this asset class.”
New hires support CrowdStreet’s push to prepare for the future of investor adoption
Farda and Mackley bring cutting-edge ideas and frontline experience to a team of innovators already dedicated to building the best possible fintech platform for private equity real estate investing. Their addition comes at a time when forecasts predict continued instability for the stock market. Yet commercial and multifamily real estate are emerging as an asset class that is relatively shielded from market volatility. With these two new leaders, CrowdStreet will be able to help accredited investors understand how adding private equity real estate to their portfolios can help them build and preserve wealth.
About CrowdStreet: Since 2014, CrowdStreet has launched more than 645 private equity real estate investment opportunities across the U.S. Our investor community has committed more than $3 billion in investment dollars, including more than $1.2 billion of equity in 2021 alone. Based on the performance of CrowdStreet’s 115 fully realized deals, the investment opportunities on the platform have realized an averaged 17.7% IRR. Some of the world’s largest sponsors have used CrowdStreet to raise capital. CrowdStreet has consistently been named Best Overall Real Estate Crowdfunding Site by Investopedia. Most recently, it was named a Benzinga 2022 Alternative Investments Listmaker and recognized as one of America’s Best Startup Employers 2022 by Forbes and Statista. Learn more at www.crowdstreet.com
*As reported by Dr. Adam Gower in Best Real Estate Syndication Platforms | Gower Crowd – UNLEASHED, published 2022, based on dollars raised by individual investors.
We calculate IRR, or Internal Return of Return, for individual realized deals based on the aggregate investor cash flows, utilizing the XIRR function in Microsoft Excel and with reference to the effective capital contribution dates of each individual investor and the distribution dates by the issuer. The aggregate IRR of all realized deals is based on aggregated cash flows of individual realized deals, as described above, and similarly calculated utilizing the XIRR function. IRR figures listed on this page are net of the most onerous fees charged to clients of CrowdStreet Advisors, LLC, our registered investment advisor subsidiary; an investor’s actual IRR on a realized investment may differ. We utilize a consistent methodology for calculating returns. However, in most cases, the applicable issuing entity provides the distribution information used for our IRR calculations. While we take reasonable steps to verify this information, we cannot guarantee its accuracy.
Investing in commercial real estate entails substantive risk. You should not invest unless you can sustain the risk of loss of capital, including the risk of total loss of capital. All investors should consider their individual factors in consultation with a professional advisor of their choosing when deciding if an investment is appropriate. Direct and indirect purchase of real property involves significant risks, including without limitation market risks, risks related to the sale of land and risks specific to a given property, which could include the potential for property value loss, potential for foreclosure, changes in tax status and fees, and costs and expenses associated with management of such properties. All investors should consider risks specific to that given property prior to investing.
MEDIA CONTACT:
Allie Kuopus
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SOURCE CrowdStreet
CHICAGO, June 28, 2022 /PRNewswire/ — Creation Investments, a global alternative asset manager and leading impact investor in emerging markets, today announced it has led a US$40 million private equity investment in Progcap, a pioneer in corporate-led financing solutions for small and mid-size businesses (SMBs) in India. Existing investor Tiger Global Management is also leading this Series C extension investment round along with Google, a new investor. Existing investor Sequoia Capital India also participated.
To date, Progcap has raised approximately US$100 million in equity and will use the additional funding to support its expansion and accelerate product development.
“Progcap’s progress has been exceptional. We are pleased to invest in Progcap once again as the team expands its product offering to further serve retailers in India,” said Tyler Day, partner of Chicago-based Creation Investments, which manages US$1.9 billion on behalf of institutional investors, family offices and high net worth individuals.
Working at the intersection of software and financial services, Delhi-based Progcap aims to be the first full-stack retailer-focused digital bank that digitizes, automates, and eases capital movement across the supply chain to small and medium-sized businesses that have been excluded from the formal financial ecosystem.
Progcap co-founders Pallavi Shrivastava and Himanshu Chandra said: “We are delighted that our existing investors have continued to deepen their conviction in Progcap and thrilled that Google has joined us on this journey. Progcap is becoming the core operating engine for all the transactions of its customers, providing them with credit and technology solutions that make their businesses more efficient.”
Progcap is successfully closing the credit gap backed by its technology and a seamless supply chain evaluation for credit assessment. The company is empowering retailers by providing them access to flexible, customized capital that matches their business growth requirements along with a host of other technology solutions to help them increase profitability, manage cash flow and expand their businesses.
About Progcap
Progcap is an award-winning financial technology platform that digitizes supply chains and facilitates access to finance for last mile retailers. The firm is working toward revolutionizing the way digital access is delivered to underserved segments of the Indian retail economy that empower small and medium businesses (SMBs) to progress without obstacles.
Founded by Pallavi Shrivastava and Himanshu Chandra, Progcap has already provided last-mile credit solutions of more than US$750 million through its industry-first, retailer financing platform with strong growth and outstanding portfolio quality.
The company is backed by Tiger Global, Sequoia Capital India, Creation Investments, Google, GrowX Ventures and other well-known investors. For more information, visit https://www.progcap.com/.
About Creation Investments
Creation Investments Capital Management, LLC is a global alternative asset manager and leading impact investor in emerging markets. Worldwide, Creation’s investments directly help more than 28 million small businesses. The firm manages US$1.9 billion on behalf of institutional investors, family offices and high net worth individuals. Leveraging its deep industry experience, Creation partners with management teams to inject growth equity and facilitate buyout transactions in firms specializing in microfinance, small- and medium-enterprise credit, leasing, factoring, insurance, savings, payments, and mobile money. Together with its portfolio companies, and in alignment with the United Nations Sustainable Development Goals (SDGs), Creation aims to improve the lives of those at the bottom of the economic pyramid in emerging markets. For more information, visit www.creationinvestments.com.
Media Contacts
Margaret Kirch Cohen
Newton Park PR
M: +1 847-507-2229
[email protected]
Richard Chimberg
Newton Park PR
M: +1 617-312-4281
[email protected]
SOURCE Creation Investments
A electric vehicle charger is seen as a vehicle charges in Manhattan, New York, U.S., December 7, 2021. REUTERS/Andrew Kelly
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June 28 (Reuters) – German industrial giant Siemens AG (SIEGn.DE) is investing more than $100 million in Volkswagen AG’s (VOWG_p.DE) Electrify America unit, becoming the first outside investor in the North American network of electric vehicle charging stations.
Including new funds from its parent Volkswagen, the Electrify America unit would receive a total injection of $450 million, the companies said.
The partnership in Electrify America is “part of a much larger investment that Siemens is making in the electrification market,” said John DeBoer, head of the Siemens’ North American e-mobility unit.
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Electrify America was established by VW in 2017 with a 10-year, $2-billion investment commitment in the wake of the German automaker’s diesel emissions cheating scandal.
The two companies did not specify the exact amount each is contributing to the latest investment, other than to say Siemens’ share is more than $100 million.
Siemens, which is making the investment through financing arm Siemens Financial Services, will be a minority investor with a seat on Electrify America’s board.
A year ago, Reuters reported that VW intended to sell a stake in Electrify America as the automaker hoped to attract up to $1 billion in outside funding to help expand infrastructure for electric vehicles. read more
In an interview, Giovanni Palazzo, Electrify America president and CEO, said the company still plans to more than double its charging infrastructure to 1,800 charging stations and more than 10,000 fast chargers by 2026.
Electrify America has EV charging partnerships with a broad array of vehicle manufacturers outside the Volkswagen Group, including Ford Motor Co (F.N), Hyundai/Kia (005380.KS), BMW (BMWG.DE), Mercedes-Benz (MBGn.DE), Geely Automobile’s (0175.HK) Volvo and Polestar, and Tesla rival Lucid (LCID.O).
Siemens, which builds charging stations for commercial fleets and other customers, has invested in several electrification companies, including Swedish battery startup Northvolt and wireless charging startup WiTricity, as well as Electrify America competitor ChargePoint (CHPT.N), according to investor website PitchBook.
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Editing by Deepa Babington
Our Standards: The Thomson Reuters Trust Principles.