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PURE Property Management Celebrates 50th Acquisition, Completes 20 Transactions in the First Half of 2022

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3 years ago

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Profitable Proptech Is Now Managing Over 20,000 Residential Properties Across 23 States, Advancing Rapidly Towards Nationwide Coverage

LOS GATOS, Calif., Sept. 22, 2022 /PRNewswire/ — PURE Property Management, the fastest growing residential property management and technology company in the U.S., announced today that it completed 50 acquisitions since its launch in October 2020 with 20 transactions occurring in the first half of 2022.

“The real story here isn’t about the number of acquisitions, but rather the quality and experience of the people joining us,” said PURE Co-founder and General Partner Michael Catalano. “Experienced owners, while technically selling to PURE, are staying on and joining in our mission to band together and build together innovative product and service offerings at scale.”

With the industry’s only true seller-aligned model, property management entrepreneurs can have both an investment in PURE’s future and, because the company is growing rapidly on a national level, they can also enjoy new opportunities for professional growth. Owners who choose to exit at sale can do so knowing that their clients are in good hands and their employees have more career growth opportunities and employment benefits than they could provide them as an independent operator.

As a result, PURE is rapidly acquiring independent property management companies with experienced leaders and management professionals to assemble a team that now counts over 2,000 years of combined property management experience across the company.

“People are our secret sauce. We aim to have the most talented and experienced property managers in the industry join us while we tech-enable their operations for efficiency and growth,” said Joseph Polverari, PURE’s co-founder and general partner. “Collectively, and aided by our technology investments, we’re focused on eliminating the friction and complexities of renting a home for not just our clients and residents, but for the property managers as well.”

Frustrated by the cumbersome and complex process of managing and renting homes within the highly fragmented residential rental market, industry insider Michael Catalano and fintech pioneer Joseph Polverari co-founded PURE Property Management with the vision of making renting a home a simple and satisfying experience for all, and at a scale never seen before.

By empowering its people with proprietary PURE Playbooks, processes, and technology, PURE has rapidly emerged to be an industry leader by delivering consistent, high-tech, high-touch, and hyperlocal property management services in over 300 cities and markets across 23 states. The company is profitable, and acquisitions of independent property management companies nationally are fueled by a recent $50 million financing at a $300 million valuation.

“I’d say over two-thirds of the owners that have joined PURE were not actively looking to sell their business, but were instead intrigued by what we are doing and what their company may be worth,” observes Jock McNeill, vice president of partner relations. “Once they see our strategy and talk to their peers that have joined PURE, they realize that this is a once-in-a-lifetime opportunity. It never hurts to have a conversation about the future.” McNeill’s company was the first to be acquired by PURE.

About PURE Property Management
PURE Property Management is the fastest growing profitable residential property management and technology company in the U.S. Led by a team of experienced industry professionals and seasoned technology innovators, PURE acquires single-family residential property management companies and invests in their people and processes. By deploying technology and providing operational efficiencies, PURE enhances resident and investor experiences. To join our team and for more information, visit https://purepm.co

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SOURCE PURE Property Management

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Technology

Pioneering Portable Power: BLUETTI Launches the Premium 200 V2 in Australia

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April 14, 2025

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BLUETTI Premium 200 V2 now available for delivery through Harvey Norman Online, Jaycar, and Sydney Tools.

SYDNEY, April 14, 2025 /PRNewswire/ — BLUETTI (bluetti.com), a technology pioneer in clean energy, today announced the launch of its Premium 200 V2, an energy-dense portable power station with a lifespan of over 17 years, at three Australian retailers, namely Harvey Norman Online, Jaycar, and Sydney Tools. Customers can purchase the new model online at exclusive introductory prices until April 18, 2025.

The Premium 200 V2 represents BLUETTI’s latest innovation in portable power technology, combining compact design with enhanced performance capabilities. It addresses the growing demand for reliable, portable power solutions in both emergency and recreational scenarios.

Compact Design with Robust Performance

The Premium 200 V2 holds 2073.6Wh capacity in a package the size of a small toolbox, 40% more compact than the last generation. Despite its compactness, it delivers 2,700W pure sine wave power to run most devices like coffee makers, fridges, and ovens. In the Powerlifting mode, users can even power high-wattage appliances like water heaters. It’s versatile for applications ranging from home outage backup to remote work sites and outdoor activities.

Industry-Leading Battery Longevity

The use of automotive-grade prismatic LiFePO4 battery makes the generator more compact and long-lasting. These premium battery cells have successfully passed 33 rigorous CNAS automotive battery tests and are rated for over 6,000 charge cycles. This translates to more than 17 years of reliable operation before capacity reduces to 80% of original specifications.

Advanced Charging Technology

The portable power generator incorporates BLUETTI’s proprietary TurboBoost fast-charging technology, enabling rapid recharging from empty to 80% in just 45 minutes. Solar recharging requires only 2.4 hours, while multi-chip protection prevents damage from accidental connection of incompatible solar panels. When paired with a Charger 1 alternator charger, the unit fully recharges during a 4.2-hour drive, six times faster than standard vehicle charging options.

Enhanced Energy Efficiency

Powered by BLUETTI’s unique AI-BMS (Battery Management System), the Premium 200 V2 provides comprehensive protection against electrical risks while delivering superior energy efficiency. Its idle power draw is just 10W, three times lower than industry standards. During low-light solar charging, the system automatically turns off to optimize battery life.

Availability and Pricing

The BLUETTI Premium 200 V2 is now available for purchase and delivery at Harvey Norman Online, Jaycar, and Sydney Tools. To celebrate this launch, we’re offering an exclusive Easter Power Deal from April 4 to April 18, 2025—don’t miss out!

BLUETTI in Australia

As a technology pioneer in clean energy, BLUETTI is committed to a sustainable future by providing green energy storage solutions for both indoor and outdoor use. In Australia, our reliable and innovative products have earned the trust of households, professionals, and off-grid adventurers. Looking ahead, BLUETTI will introduce more new products to the Australian market, including the EP2000 for home energy storage and the Apex 300. For partnership inquiries, please contact Tiger Han at tiger.han@bluetti.com.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/pioneering-portable-power-bluetti-launches-the-premium-200-v2-in-australia-302427136.html

SOURCE BLUETTI

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Technology

RIAD Corp. reveals AI-powered hotel group booking platform Ria at ITB Berlin 2025

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2 hours ago

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April 13, 2025

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BERLIN, April 14, 2025 /PRNewswire/ — Riad Corporation, a leading AI-powered travel technology company, successfully launched its flagship product, RIA 1.0, at ITB Berlin 2025, one of the world’s largest travel trade shows. The company attracted over 300 visitors to its booth and secured 150 enterprise client sign-ups during the three-day event, marking a major milestone for its global expansion.

RIA 1.0 is an advanced AI platform that fully automates group hotel reservations, tailored for travel agencies and corporate clients handling complex requirements. Unlike traditional systems, RIA enables both direct bookings and customized group requests, processed entirely by AI without manual work. The platform simplifies large-scale, multi-hotel bookings — tasks that usually take days — completing them in minutes.

During ITB Berlin, Riad Corporation presented live demonstrations showing how RIA’s AI engine handles diverse, high-volume booking scenarios. Attendees praised its intuitive interface, seamless integration, and real-time responses to specific client needs, including corporate events, MICE bookings, and incentive groups.

Mike Lee, CEO of Riad Corporation, commented, “Meeting so many global partners at ITB Berlin was truly meaningful, and we are proud to showcase our technology to the world,” adding, “We will continue to focus on R&D to deliver stronger innovations and achieve greater success globally.”

In addition, Riad Corporation announced plans to launch AI-based group flight booking services later this year, transforming RIA into a comprehensive group travel platform covering both hotels and flights.

RIA has already gained momentum in Southeast Asia, with over 800 enterprise clients, and aims to reach 2,000 clients by the end of 2025.

Riad Corporation’s strong debut at ITB Berlin reflects rising demand for AI-driven solutions in travel. As group travel grows more complex, RIA 1.0 is positioned to lead the market with unmatched speed, accuracy, and automation.

For more information about Riad’s solution RIA, visit ‘www.ria-travel.com‘.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/riad-corp-reveals-ai-powered-hotel-group-booking-platform-ria-at-itb-berlin-2025-302424385.html

SOURCE RIAD CORPORATION INC.

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Coin Market

Commerce Secretary Lutnick walks back tariff relief on electronics

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3 hours ago

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April 13, 2025

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Commerce Secretary Howard Lutnick walked back the recent reciprocal tariff exemption on select electronics announced in an April 12 bulletin from the United States Customs and Border Protection.

On April 13, Lutnick told ABC News that the reciprocal tariff exemption was temporary until the administration established a sector tariff regime for semiconductor products, which includes phones, graphics processors, and computing chips in a “month or two.” Lutnick added:

“President Trump has called out pharmaceuticals, semiconductors, and autos. He called them sector tariffs, and those are not available for negotiation. They are just going to be part of making sure we ensure core national security items are made in this country.”

“We can’t be relying on China for fundamental things we need. Our medicines and our semiconductors need to be built in America,” Lutnick continued. The official also said he was confident that the US and China would arrive at a trade deal through negotiations.

The emphasis on national security and onshoring critical industries could signal that the trade tariffs will be a long-term geostrategic policy and not simply a short-term negotiation tactic to make US exports more attractive, as some analysts have suggested.

The Volatility S&P Index (VIX), a measure of the S&P stock index’s volatility, remains elevated amid macroeconomic uncertainty. Source: TradingView

Related: Bitcoin ‘decouples,’ stocks lose $3.5T amid Trump tariff war and Fed warning of ‘higher inflation’

Trade war heightens volatility and sends markets tumbling

Trump’s trade tariffs crashed the stock and crypto markets, wiping away trillions in shareholder value as investors dumped riskier assets on fears of a lengthy trade war between the United States and its trading partners.

In an April 10 X Post, Bloomberg analyst Eric Balchunas cited the SPY US Equity History Volume chart as evidence that the S&P 500 stock market index is now more volatile than Bitcoin (BTC).

According to the analyst, the S&P 500 Index hit a volatility level of 74 in April, compared to Bitcoin’s 71.

Stocks and crypto pumped following rumors of the Trump administration initiating a 90-day reciprocal tariff pause. Approximately $2 trillion was pumped into stocks on rumors of softer trade policies.

Much of this value was then wiped away when Trump claimed that rumors of a 90-day pause were false and returned once the Trump administration did, in fact, issue a reciprocal tariff pause in the following days.

Magazine: Financial nihilism in crypto is over — It’s time to dream big again

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