Business, Free News Articles, Real Estate

Millionaire Mastermind Academy Now Accepting Applications for Fall Real Estate Accelerator Program for Minority Women

TAMPA, Fla. -- Further expanding access to careers in the real estate industry, the Millionaire Mastermind Real Estate Accelerator Program is now accepting applications for its upcoming fall 2022 program, Thinkzilla Consulting Group announced today. Welcoming up to 50 diverse women applicants, the 12-week hybrid program consists of virtual classes plus two in-person days of intensives at the Tampa multifamily owner-operator American Landmark Apartments, one of the top apartment owners in the country and lead sponsor of the program. Additional sponsors include M&T Bank, Truist Bank, Country Financial and Prospect Real Estate Group.

Only 4 percent of real estate companies are owned by women or minorities, and women represent just over one-third of the commercial real estate industry, according to the Commercial Real Estate Women (CREW) Network, highlighting the need for customized accelerator programs in real estate.

The 12-week course, which begins on September 19th, will cover a wide range of topics applicable to the field of residential and commercial real estate, from developing a professional mindset to Fair Housing Laws to marketing to property management and leasing. Upon completion of the course, students may be eligible for an apprenticeship at American Landmark, or to receive a scholarships to cover the cost of completing a Florida real estate licensing class.

Eligible applicants must be a minority female over the age of 18; based in or near the Tampa, Florida market or willing to travel for the two days of in-person classes in Tampa on September 26 and October 24; looking to pursue a successful career in either residential or commercial real estate; and willing and able to commit 3 to 5 hours per week.

Complete the application by the deadline of August 15, 2022: https://form.jotform.com/221715504251143.

The fall 2021 program graduated a dozen women who received college-level business training, access to real estate licensing, training in property management and Fair Housing laws, access to mentors and business networks, and more,

"As the housing market continues to explode from coast to coast, there is incredible opportunity for more diverse voices, entrepreneurs and interests in the real estate industry, and we are incredibly proud to contribute to this growth," said program founder Dr. Velma Trayham. "Our graduates are changing this industry from the inside out, one transaction at a time."

"American Landmark is honored to continue our partnership with the Millionaire Mastermind Academy to open doors for more minority women in the real estate industry, and promote the values of diversity, leadership and entrepreneurialism that our company is founded on," said Joe Lubeck, CEO of American Landmark.

The Millionaire Mastermind Real Estate Accelerator Program is accepting public and private partnership to push diversity and minority business development forward. Scholarships are also available at: https://millionairemastermindacademy.org/programs/real-estate-accelerator-program/.

The program is an arm of the Millionaire Mastermind Academy, which helps women business owners strengthen their businesses and impact on the economy while addressing barriers to economic mobility for those who have been systemically and historically underserved. The academy has helped more than 8,000 women nationwide gain the education and training they need to succeed in business.

About Millionaire Mastermind Academy:

The Millionaire Mastermind Academy is a 501(c)(3) nonprofit whose mission is to educate and support the growth of women-owned business enterprises, thereby strengthening the economic impact in their community. We have mentored more than 8,000 women through our programs. For more information visit https://millionairemastermindacademy.org/.

About American Landmark:

American Landmark Apartments is one of the fastest-growing multifamily owner-operators in the United States and ranks No. 33 on the National Multifamily Housing Council list of the top apartment owners in the country with approximately 34,000 apartment units in its portfolio. Based in Tampa, Florida, American Landmark specializes in the acquisition and management of value-added multifamily properties located in high-growth markets throughout the Sunbelt, including Georgia, Florida, North Carolina, South Carolina, Tennessee and Texas. American Landmark is committed to delivering great service and outstanding living environments to residents and delivering consistent, attractive risk-adjusted returns to investors and partners. For more information, please visit https://www.alapts.com/.

Related link: https://thinkzillaconsulting.com/

This news story was published by the Neotrope® News Network - all rights reserved. ID:NEO2022

Business, Free News Articles, Real Estate, Reports and Studies

Down Payment Resource releases Q2 2022 Homeownership Program Index

ATLANTA, Ga. -- Down Payment Resource (DPR), the nationwide database for U.S. homebuyer assistance programs, today announced findings from its latest Homeownership Program Index (HPI). The firm's analysis of 2,273 homebuyer assistance programs in its DOWN PAYMENT RESOURCE® database revealed that the net number of homebuyer assistance programs increased by 1.6% from Q1 to Q2 2022. This marks the third consecutive quarter the number of homebuyer assistance programs has grown.

Methodology

Published quarterly, DPR's HPI surveys the funding status, eligibility rules and benefits of U.S. homebuyer assistance programs administered by state and local housing finance agencies, municipalities, nonprofits and other housing organizations. DPR communicates with over 1,200 program providers throughout the year to track and update the country's wide range of homeownership programs, including down payment and closing cost programs, Mortgage Credit Certificates and affordable first mortgages, in the DOWN PAYMENT RESOURCE® database.

Key Findings

The Q2 2022 HPI examined a total of 2,273 homebuyer assistance programs that were active as of July 5, 2022. Key findings are as follows:

* The net number of homebuyer assistance programs increased. The number of programs increased by 35 Q2 2022. Among them were five nationwide or multi-state programs and 12 statewide programs. Assistance for first mortgages, combined down payment and closing cost support, community second mortgages and deed restriction programs were also added.

* Support for manufactured homes increased again. For the third consecutive quarter the number of programs that support manufactured home purchases have increased. 625 programs now support manufactured home loans, up from 594 in Q1 2022.

* Programs offering veteran exemptions grew. The number of programs that waive first-time homebuyer requirements for veterans increased from 176 to 184 (4.5%) this quarter.

"Despite a slight increase in the number of inactive and suspended programs, our analysis indicates that opportunities for homebuyer assistance are continuing to grow," said DPR CEO Rob Chrane. "With inflation reaching 40-year highs, aggressive interest rate hikes and limited housing inventory, connecting consumers with financial support for down payment and closing costs is more important than ever. In this especially challenging housing market, program providers are finding creative ways to help qualified homebuyers overcome economic obstacles and achieve the long-term financial benefits of homeownership."

Further analysis of the Q2 2022 HPI findings, including infographics and examples of many of the programs described in this release, can be found on DPR's website at https://downpaymentresource.com/professional-resource/more-homebuyer-assistance-programs-are-introduced-as-mortgage-rates-and-home-prices-swell/.

For a complete, state-by-state list of homebuyer assistance programs, visit https://downpaymentresource.com/wp-content/uploads/2022/07/HPI-state-by-state-data.Q22022.pdf.

About Down Payment Resource:

Down Payment Resource (DPR) is a nationwide database of down payment assistance and affordable lending programs. The company tracks funding status, eligibility rules, benefits and more for approximately 2,200 programs in 11 categories. Its award winning technology helps the housing industry connect more homebuyers to the down payment help they need. DPR has been recognized by Inman News as "Most Innovative New Technology" and the HousingWire Tech100™. DPR is licensed to Multiple Listing Services, Realtor Associations, lenders and housing counselors across the country. DPR's subscription based service, Down Payment Connect, helps agents and loan officers match buyers to available programs. For more information, please visit DownPaymentResource.com and on Twitter at @DwnPmtResource.

Related link: https://www.downpaymentresource.com/

This news story was published by the Neotrope® News Network - all rights reserved. ID:NEO2022

Business, Facilities and Building Maintenance, Free News Articles, Real Estate

System4 Opens 6th New Office in Florida, in the Fort Lauderdale Area

FORT LAUDERDALE, Fla. -- System4 Facility Services Management, an industry leader in facility management solutions that specializes in customized commercial cleaning, disinfection and repair and maintenance services announced opening its sixth office in Florida. The new Florida office is in the Fort Lauderdale area.

"We're excited that our Franchise Partner has decided to extend their footprint into the Fort Lauderdale, Florida area. We strongly believe that businesses in the Fort Lauderdale area will benefit from System4's winning combination of people and software," said Scott Kubec, COO, System4 Facility Services Management.

Local business owners, facility managers and business leaders throughout the Fort Lauderdale, Florida area will now have access to customized facility service solutions. System4 of Fort Lauderdale specializes in creating customized commercial cleaning, disinfection and repair and maintenance solutions that fit the unique needs of any type or size business. Whether a childcare facility, a physical rehabilitation center or fitness center, System4 of Fort Lauderdale has you covered - inside and out!

On June 20, 2022, Erik and Julie Arrington assumed ownership of the System4 of Fort Lauderdale office. The Fort Lauderdale office is located at 801 Northpoint Parkway, West Palm Beach, Florida 33407. The System4 of Fort Lauderdale office can be reached at 561-406-0464.

"Our family-owned and operated company will be expanding our services with System4 in Florida! We are grateful to be able to now service both the Palm Beach and newly added, Fort Lauderdale markets. We appreciate our clients and are excited to broaden our services to the greater region of the East Coast of Florida. We have built such strong partnerships and hope to grow ad service even more," said Erik and Julie Arrington, Franchise Owners, System4 of Palm Beach and System4 of Fort Lauderdale.

Learn more: https://system4.com/ftlauderdale/

About System4:

Founded in 2004, System4 Facility Services Management has become an industry leader in commercial cleaning, disinfection and repair and maintenance. With more than 65 locations nationally, System4 manages the interior and exterior of any size or type facility. As a business's one point of contact for all facility service needs, System4 simplifies processes for business owners, operators and management by saving time, reducing complexity and overall cost.

Contact System4 of Fort Lauderdale at 561-406-0464 to discuss customized facility service solutions.

To learn more visit: https://system4.com/

LinkedIn.com: https://www.linkedin.com/company/system4-llc/

Related link: https://system4.com/

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Business, Free News Articles, Real Estate

Hero Homes Solutions acquires 30 homes in Urbana, Ohio

URBANA, Ohio -- Hero Homes Solutions, LLC, has acquired a 30-home subdivision in Urbana, Ohio located in Champaign County, Ohio from Waltco Investments LLC. To date the company has purchased over 500 homes in Ohio with a goal of getting to 1,000 homes within 24 months. This purchase represents the second closing with companies owned by Walter Raines who businesses owned over 80 homes in central Ohio and was liquidating his portfolio upon retirement. In 2021 Hero Homes Solutions closed the purchase of 36 homes in Springfield, OH from Rains Holdings LLC.

After the closing of the first 36 homes, Walter Raines Founder and CEO of Raines Holdings said, "The first transaction with Hero Homes Solutions went so smoothly that when I was ready to sell my second set of properties, I called them directly."

Urbana is centrally located between Columbus and Dayton, Ohio. It is a quiet and stable suburb of Springfield, offering tenants a relaxing lifestyle away from the hustle and bustle of city life but within a manageable commute to the nearby metropolitan areas.

Sayam Ibrahim, Chief Executive Officer of Hero Homes Solutions, LLC states, "We are excited about this new acquisition in Urbana and look forward to working alongside other property owners in the area to provide quality housing for local residents. We see value and potential in Urbana and are already currently negotiating the purchase of another 40 homes nearby."

Sayam went on to explain that, "We plan to invest over $300,000 in capital expenditures to improve the curb appeal and tenant quality of life in this subdivision. So far, the tenants seem excited as the upgrades are being implemented in the community."

About Hero Homes Solutions, LLC:

Hero Homes Solutions, LLC was founded in 2011 by Mr. Sayam Ibrahim along with his brothers Amiel and Xavier Ibrahim. Since 2011, Hero Homes Solutions, LLC has purchased and renovated over 500 homes in Ohio with an emphasis on Columbus, Dayton, Lima and Urbana. Mr. Ibrahim's brother, Amiel, is a full time Ohio resident and oversees all renovations of its assets while Xavier is based out of Florida and runs acquisitions for the company. This acquisition along with its existing homes will be managed by Mrs. Yvette Blanco, Hero Homes' executive property manager.

Herro Homes Solutions plans to buy 500 homes a year in Ohio and will be joined by U.S and international investors including: Mr. Jack Afik, Anthony Pollak, Michael Salkind, Joe Lubeck and Schloss Bros. L.P.

Learn more at: https://www.herohomessolutions.com/

Related link: https://www.herohomessolutions.com/

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Business, Free News Articles, Real Estate

Trion Properties Makes Largest Acquisition To Date With $108.75 Million Off-Market Acquisition In Highly Desirable Denver Submarket

EDGEWATER, Colo. -- Trion Properties, a multifamily investment sponsor and private equity real estate firm based in West Hollywood, California and Miami, Florida, has successfully completed the off-market acquisition of Terra Village, a 402-unit multifamily community in Edgewater, Colorado, a rapidly gentrifying urban submarket of Denver, for $108.75 million.

Terra Village, which Trion will be rebranding as Edge 26 at Sloan's Lake, is the firm's largest acquisition to date and fifth acquisition in Colorado, bringing their total multifamily portfolio in the state to more than 1,500 units.

"Through the unique opportunity to acquire this stand-out asset at an attractive basis and completing strategic upgrades, we will be able to unlock tremendous value potential," explains Max Sharkansky, Managing Partner at Trion Properties. "The Edge 26 community will meet an underserved need for quality apartment communities at an affordable price point relative to new construction in the area, especially as the wider metro area is projected to increase by another 700,000 residents by 2030, and reach nearly 4.1 million by 2040, according to projections by the state demographer."

David Moghavem, Director of Acquisitions at Trion Properties, adds: "By leveraging our strong broker relationships across Denver's middle and institutional markets, we were presented with a favorable off-market deal by Elliott Polanchyck at Unique Properties Brokerage. Steady collaboration and direct communication throughout the process allowed us to negotiate an effective deal ultimately resulting in a win-win for both parties."

The asset sits on nearly 16 acres of land, which is the largest site area of 10 multifamily properties comprised of more than 300 units in Wheat Ridge, Edgewater, and Sloan's Lake, positioning it as a rare low-density community within a high-density urban pocket, notes Moghavem.

"The urban environment in a suburban setting continues to flourish in this submarket, drawing a new resident demographic seeking an attractive alternative to downtown Denver," continues Moghavem. "Tucked between Sloan's Lake and Wheat Ridge, the area borders some of Denver's most popular dining neighborhoods with many restaurateurs looking westward for new locations, as well as longstanding establishments remaining in the mix."

Trion will implement its proven value-add strategy and renovate the property to meet the needs of the changing demographic and the heightened demand for quality in the area, according to Farhan Mahmood, Partner and Director of Acquisitions at Trion Properties.

"Previous ownership put a strong emphasis on curing deferred maintenance and transferred the property in excellent functioning condition," says Mahmood. "Prior maintenance items include complete re-piping of the two-pipe heating system, adding new mini split systems to all units, new landscaping, repaving asphalt, replacing windows, sliders, roofs, and renovating all the common area amenities. With less risk and overhead, we can now focus on strategically elevating the asset by fully rebranding the property, modernizing classic interiors and incorporating a complete tech package, implementing in-unit washers and dryers, and adding additional amenities such as a gym and outdoor fitness area, a dog park, and improving the overall curb appeal with new paint, signage, and landscaping."

Constructed in 1970, Terra Village is a three-story, 402-unit, garden style community comprised of one-, two-, and three-bedroom apartments, of which 66% are two- and three-bedroom units. Individual units offer residents private patios or balconies with open floorplans. The property has 23 buildings, built in two phases, with two and three-story walkups. Existing amenities include a pool, basketball court, playground, pet play area, courtyard, picnic area, and walking and biking trails.

The property's West Denver location of Edgewater offers residents ample employment opportunities and ease of transport. Only 10-minutes from downtown Denver, public transit options and Interstate 70 run through the heart of the submarket, connecting Interstate 25 and the rest of the Denver metropolitan area. Additionally, less than 1-mile to Sloan's Lake Park-which is considered Denver's second largest park and largest lake-residents can enjoy various athletic fields, basketball and tennis courts, multi-use trails, picnic areas, and playgrounds.

Terra Village is located at 6201 W 26th Ave, Edgewater, Colorado.

About Trion Properties  

Founded in 2005 and headquartered in Los Angeles, Trion Properties is a private equity real estate firm that invests in value-add multifamily throughout the west coast. Trion has completed more than $1.4 billion in transactions, with a portfolio of over $1 billion in assets, generating an average internal rate of return in excess of 30 percent. With its fully built-out operator platform, Trion has repositioned and stabilized undervalued assets, leveraging its expertise in real estate finance and renovation of multifamily properties to drive returns for its investors.  

Since its inception, Trion has acquired the fee interest-or in certain instances the debt secured by the fee interest-of over 4,460 multifamily units. To date, Trion has successfully repositioned and resold over 2,230 units and over 200,430 square feet of commercial real estate space.  

The principals of Trion Properties are Max Sharkansky and Mitch Paskover, two real estate professionals with over 30 years of combined experience in finance, acquisitions, management and redevelopment.

Additional information is available at: https://trionproperties.com/.  

RELATED LINKS:

https://trionproperties.com/investments/portfolio/terra-village/

Related link: https://trionproperties.com/

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Business, Free News Articles, Real Estate

Hero Homes Solutions acquires 98 homes in Lima, Ohio

The acquisition of the four single family homes marks the company's 98th home purchase in Lima Ohio -- Hero Homes Solutions LLC, one of the fastest-growing single family owner-operators in Ohio, announces it has acquired four additional single family rental homes in Lima Ohio and is under contract to purchase an additional 22 with options to purchase an additional 60.

This marks the company's 6th portfolio acquisition in Lima in the past 10 months bringing the total number of homes it owns in Lima to 98. The company also owns and operates 352 homes in Urbana, Dayton Toledo and Columbus.

For generations Lima has been one of Ohio's most respected communities and was at a time more populous than Columbus. Years of underinvestment have forced residents away from the city center to the suburbs where all new construction was developed. Like Columbus, Lima is currently experiencing a reinvestment in the city center where many residents are seeking quality affordable housing. Over the past 5 years Lima has seen the development and improvement of schools, and the expansion of new business. The town is currently thriving with a 3.4% unemployment rate, one of its lowest rates in decades.

"We are pleased to expand our presence in Lima," said Sayam Ibrahim, Chief Executive officer of Hero Homes Solutions LLC. "The community is in the ideal location for those looking to live in a small, up-and-coming city, job opportunities and plenty of shopping and dining just minutes away." The plans to spend over $1 million in improvements on all the homes it has purchased in Lima. To date it has already completed the renovation of 35 of the 98 homes. Renovations include landscaping, roofing, kitchen and bath upgrades as well as improving siding, insulation and more energy efficient HVAC systems.

About Hero Homes Solutions LLC:

Hero Homes Solutions, LLC was founded in 2011 by Sayam Ibrahim along with his brothers Amiel and Xavier Ibrahim. Since 2011, Hero Homes Solutions, LLC has purchased and renovated over 400 homes in Ohio with an emphasis on Columbus, Dayton, Lima and Urbana. Mr. Ibrahim's brother, Amiel, is a resident of Ohio and oversees all renovations and property management of its assets while Xavier is based out of Florida and runs acquisitions for the company. Hero Homes Solutions plans to buy 500 homes a year in Ohio and is joined by U.S and international investors including: Mr. Jack Afik, Anthony Pollak, Michael Salkind, Joe Lubeck and Schloss Bros. L.P.

LEARN MORE: https://www.herohomessolutions.com/

Related link: https://www.herohomessolutions.com/

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Awards and Honors, Business, Free News Articles, Real Estate

U.S. News & World Report Names TerraBella Northridge a Best Senior Living Award Winner

RALEIGH, N.C. -- Senior living community TerraBella Northridge earned a top spot in the first-ever Best Senior Living rankings by U.S. News & World Report, winning in the Best Memory Care category. The 2022-2023 Best Senior Living guide is a debut offering from U.S. News & World Report, itself the foremost global authority in health ratings and consumer advice, attracting more than 50 million visitors per month.

The initiative began last fall, and used objective, independent statistical assessment of consumer satisfaction survey data gathered from nearly 2,500 Independent Living, Assisted Living, and Memory Care communities throughout the United States. The rating criteria included analysis of consumer satisfaction across categories like community and activities, food and dining, caregiving, and management and staff.

"We take great pride in our SHINE Memory Care program and are honored that our team's commitment to excellence has been recognized," said Sherry Tabor, Executive Director of TerraBella Northridge. "This award is indicative of our continuing pursuit to build and sustain a culture of excellence and provide exceptional experiences for our resident seniors."

"Until now, families have had limited information when comparing providers of independent living, assisted living, memory care or continuing care," said Ben Harder, Managing Editor and Chief of Health Analysis at U.S. News & World Report. "The Best Senior Living ratings fill this informational gap with comprehensive and transparent data to help older consumers and their families identify high-quality senior living communities that meet their needs and preferences."

TerraBella Northridge is operated by Florida-based Discovery Senior Living, which had 34 communities across the country place atop the inaugural Best Senior Living rankings.

For more information about the ranking criteria, and to view winning communities, please visit the U.S. News & World Report website here: https://health.usnews.com/best-senior-living

About Discovery Senior Living:

Discovery Senior Living is a family of companies that includes Discovery Management Group, Morada Senior Living, TerraBella Senior Living, Discovery Development Group, Discovery Design Concepts, Discovery Marketing Group, and Discovery At Home, a Medicare-certified home healthcare company. With almost three decades of experience, the award-winning management group has been developing, building, marketing, and operating upscale senior-living communities across the United States.

By leveraging its innovative "Experiential Living" philosophy across a growing portfolio of more than 15,000 existing homes or homes under development, Discovery Senior Living is a recognized industry leader for lifestyle customization and, today, ranks among the 10 largest U.S. senior living operators and providers.

Learn more here: https://www.terrabellaseniorliving.com

About U.S. News & World Report:

U.S. News & World Report is the global leader in quality rankings that empower consumers, business leaders and policy officials to make better, more informed decisions about important issues affecting their lives. A multifaceted digital media company with Education, Health, Money, Travel, Cars, News and 360 Reviews platforms, U.S. News provides rankings, independent reporting, data journalism, consumer advice and U.S. News Live events. More than 40 million people visit USNews.com each month for research and guidance. Founded in 1933, U.S. News is headquartered in Washington, D.C.

Related link: https://www.discoveryseniorliving.com/

This news story was published by the Neotrope® News Network - all rights reserved. ID:NEO2022

Awards and Honors, Business, Free News Articles, Real Estate

U.S. News & World Report Names TerraBella Lake Norman a Best Senior Living Award Winner

MOORESVILLE, N.C., -- Senior living community TerraBella Lake Norman earned a top spot in the first-ever Best Senior Living rankings by U.S. News & World Report, winning in the Best Memory Care category. The 2022-2023 Best Senior Living guide is a debut offering from U.S. News & World Report, itself the foremost global authority in health ratings and consumer advice, attracting more than 50 million visitors per month.

The initiative began last fall, and used objective, independent statistical assessment of consumer satisfaction survey data gathered from nearly 2,500 Independent Living, Assisted Living, and Memory Care communities throughout the United States. The rating criteria included analysis of consumer satisfaction data across categories such as community and activity, food and dining, caregiving, and management and staff.

"It is a wonderful honor for our Memory Care program and dedicated team members to be recognized," said Dee Medlin, Executive Director at TerraBella Lake Norman. "This achievement demonstrates that our care and specialized activity programs, and particularly our team members, truly stand out in the industry."

"Until now, families have had limited information when comparing providers of independent living, assisted living, memory care or continuing care," said Ben Harder, Managing Editor and Chief of Health Analysis at U.S. News & World Report. "The Best Senior Living ratings fill this informational gap with comprehensive and transparent data to help older consumers and their families identify high-quality senior living communities that meet their needs and preferences."

TerraBella Lake Norman is operated by Florida-based Discovery Senior Living, which had 34 communities across the country place atop the inaugural Best Senior Living rankings. For more information about the ranking criteria, and to view winning communities, please visit the U.S. News & World Report website here: https://health.usnews.com/best-senior-living

About Discovery Senior Living:

Discovery Senior Living is a family of companies that includes Discovery Management Group, Morada Senior Living, TerraBella Senior Living, Discovery Development Group, Discovery Design Concepts, Discovery Marketing Group, and Discovery At Home, a Medicare-certified home healthcare company. With almost three decades of experience, the award-winning management group has been developing, building, marketing, and operating upscale senior-living communities across the United States. By leveraging its innovative "Experiential Living" philosophy across a growing portfolio of more than 15,000 existing homes or homes under development, Discovery Senior Living is a recognized industry leader for lifestyle customization and, today, ranks among the 10 largest U.S. senior living operators and providers. Learn more here: https://www.terrabellaseniorliving.com

About U.S. News & World Report:

U.S. News & World Report is the global leader in quality rankings that empower consumers, business leaders and policy officials to make better, more informed decisions about important issues affecting their lives. A multifaceted digital media company with Education, Health, Money, Travel, Cars, News and 360 Reviews platforms, U.S. News provides rankings, independent reporting, data journalism, consumer advice and U.S. News Live events. More than 40 million people visit USNews.com each month for research and guidance. Founded in 1933, U.S. News is headquartered in Washington, D.C.

Related link: https://www.discoveryseniorliving.com/

This news story was published by the Neotrope® News Network - all rights reserved. ID:NEO2022

Business, Free News Articles, Real Estate

Ari Rastegar and His Childhood Friends Go from Selling Baseball Cards to Cutting Multi-Million-Dollar Deals

AUSTIN, Texas -- What do you get when you combine two old friends and a younger brother? It may sound like the start to a bad joke, but these real estate powerhouses are not playing. Ari Rastegar, founder and CEO, Rastegar Property Company; Dustin Mehaffey and Major Miller of American Realty Consultants; and Nic Costello, real estate broker, and Rastegar's younger brother, have joined forces to make real estate deals that are turning heads. Rastegar's recent sale of Lamar Oaks, a vintage apartment community in northeast Austin, is just one example of a deal sold off-market by American Realty Consultants.

"Working with your childhood friends and family at the highest level of productivity is a rare blessing. Of course, they all know me and the Rastegar Way," Rastegar says.

Miller and Rastegar met in seventh grade and used to sell baseball cards. Years later, Rastegar met Mehaffey while studying abroad in Mexico. Little did they know these friendships would develop into a profitable, business career.

"Ari is not only one of my best friends, but has more integrity and care for his clients and colleagues than anyone I've met; he's always been that way. In my opinion, he's the best real estate investor in the country. Craig Irvin, our internal multifamily expert, led the charge on finding the buyer and together we closed the sale," Mehaffey says.

On May 24, 2022, Rastegar completed the sale of 8071 North Lamar Boulevard in the rapidly growing Austin corridor, Georgian Acres. The property was initially purchased in November 2020 and just sold at a profit on behalf of their JV partner, a large Texas-based insurance company.

Rastegar takes a distinctive approach to real estate targeting recession-resilient opportunities. This strategy helps to manage downside risk, by focusing on capital preservation and passive income as well as growth. He's successfully invested in more than 38 cities, 12 states and seven different asset classes. Their current area of focus is on the growing sunbelt region.

MORE INFORMATION:

Rastegar Property Company: https://rastegarproperty.com/

SOCIAL MEDIA:

Instagram: https://www.instagram.com/rastegar

Twitter: https://twitter.com/arirastegar

Facebook: https://www.facebook.com/rastegarproperty

LinkedIn: https://www.linkedin.com/company/rastegarproperty/

Related link: https://rastegarproperty.com/

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Construction and Building, Free News Articles, General Editorial, Home and Garden, NonProfit and Charities, Real Estate

Taking it Down to Earth: Debunking Myths about Lightning Protection

CUMBERLAND, Maine -- Old and new myths about lightning protection continue to circulate through the internet and unsafe lightning protection products still manage to find their way into construction job specifications in many parts of the U.S. To help safeguard properties from a leading weather threat, the National Lightning Safety Council (NLSC) is stressing the importance of separating fact from fallacy about lightning protection systems (LPS).

"Despite the wealth of accurate information on lightning, lightning safety and lightning protection, there are still many myths and misunderstandings that persist," said John Jensenius, a lightning safety specialist with the NLSC.

Just in time for Lightning Safety Awareness Week, the NLSC debunks five common myths about lightning protection:

1 - Lightning rods attract lightning

Unfortunately, this is a common misconception about lightning protection. Lightning protection systems and strike termination devices (industry name for lightning rods which are part of the system) work in conjunction with a grounding network to intercept a lightning strike and provide a safe and effective path that dissipates lightning's harmful electricity into the earth.

2 - Tall trees protect a structure against lightning

False. Lightning can side-flash from a tree and hit a nearby structure. Additionally, when lightning strikes and travels underground along tree roots, it can enter a structure by jumping onto nearby telephone, cable and electrical lines, introducing harmful surges. Lightning can also injure a tree from a direct strike, causing limbs to split and fall onto a nearby structure.

3 - Homes and building are already grounded and don't need lightning protection

The electrical ground installed by an electrician is there to protect the internal workings of the electrical system in a building to accommodate everyday electricity usage-it's not designed to handle the mega electricity (100 million + volts of power or 200 kA of electrical energy!) that a lightning strike can pack.

4 - A lightning rod is easy to install

Lightning protection is a complex system (not just a "rod") of UL-listed materials and methods which comply with nationally-recognized safety standards of the Lightning Protection Institute (LPI), the National Fire Protection Association (NFPA) and Underwriters Laboratories (UL). LPS is not a do-it-yourself project. Only trained experts like LPI-certified lightning protection contractors should install lightning protection systems, since design and installation is rarely within the scope of expertise held by homeowners, general contractors or roofers.

5 - Surge protection and "whole house" arresters protect structures from lightning

False. Surge protection is only one element of a complete lightning protection system. A grounding network for lightning (lightning protection system) must be implemented to provide structural protection. A LPS that meets national safety standards includes strike termination devices, down conductors, bonding, grounding and UL-rated surge protection devices.

"Lightning just wants to get to ground and a safety standard compliant lightning protection system helps it get there without harmful impact to the structure, contents or building systems," said Kimberly Loehr, a lightning protection specialist and member of the NLSC. "The concept is simple, but the safety standards are complex and detail principles including zone of protection, common bonding of grounded systems, potential equalization of ground impedance, lightning risk assessment and much more," explained Loehr.

People looking to learn more about lightning safety, risk reduction and the annual Lightning Safety Awareness Week campaign, June 19-25, 2022, can visit http://www.lightningsafetycouncil.org/.

MULTIMEDIA:

PHOTO link for media: https://www.Send2Press.com/300dpi/22-0617-s2p-lps-grounding-300dpi.jpg

Photo Caption: A safety standard compliant lightning protection system (LPS) functions as a grounding network to intercept a lightning strike and provide an effective path for dissipating lightning's destructive electricity into the earth without harmful impact to a structure, its contents or building systems.

RELATED LINKS:

http://www.lightningsafetycouncil.org/LSC-LSAW.html

https://lightning.org/about/find-a-contractor/

Related link: http://lightningsafetycouncil.org/

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