Connect with us

Technology

SitusAMC Announces Strategic Decision to Retain Real Estate Valuation Services Business

Published

on

NEW YORK, July 24, 2024 /PRNewswire/ — SitusAMC, the leading provider of investment advisory, strategic outsourcing, talent, and technology solutions to the commercial and residential real estate finance industries, today announced the strategic decision to retain its Real Estate Valuation Services (REVS) business and commitment to invest $20MM of capital to expand technology capabilities for the business. This decision follows a period of strategic alternative exploration. 

ABOUT SITUSAMC’S REAL ESTATE VALUATION SERVICES
SitusAMC’s REVS business is a leading provider of independent commercial real estate valuation services. In 2023, the team provided valuation services on more than $2 trillion in CRE assets and completed more than 26,000 reviews and appraisals. The business operates globally and features a broad capability set including: 

Equity Valuation Management Services Bank & Lending CRE Valuation Management Services Appraisal & Consulting Services Pension Fund Advisory Services Daily Valuation Services 

SitusAMC’s REVS business is highly regarded in the industry, known for its deep bench of proven, highly credentialed valuation professionals, a commitment to providing white-glove client execution, and driven by industry-leading, tech-enabled platforms.  

“Our team’s dedication to best-in-class valuation service is unwavering, and we are focused on investing in differentiated technology to support our global engagements. We look forward to continuing our journey with SitusAMC as we continue to grow the business and expand our position as a leader in the industry.” – Brian Velky, Managing Director, Global Head of REVS. 

STRATEGIC DECISION TO RETAIN THE BUSINESS
Over the past several months, SitusAMC has received extensive interest in its REVS business. In late 2023, the company entered into a sale transaction with Altus Group, which ultimately did not materialize. Despite continued interest from third parties, SitusAMC has decided to retain its REVS business. 

“Due to the interest in the REVS business, we decided to explore strategic options; however, the market expressed a desire for choice in their valuation partners and we are happy to continue offering those solutions as a part of SitusAMC. Our capital commitment highlights our focus on driving superior execution and insights for our clients and the broader market.” – Michael Franco. SitusAMC Chief Executive Officer. 

“Customers are increasingly seeking diverse options for their real estate valuations, and SitusAMC’s Real Estate Valuation Services group stands out as a proven partner with deep and meaningful relationships across the industry. We are excited to support SitusAMC as they invest in the REVS business and drive continued growth, ensuring that their clients receive unparalleled service and expertise across their valuation needs.” – Agha Khan, Co-Head of Private Equity at Stone Point Capital, a longstanding investor in SitusAMC. 

FUTURE FOCUS
Backed by its deep commitment to white-glove client service, highest standards of delivery, and highly credentials and experienced professionals, SitusAMC’s REVS business is well positioned for expansion within the industry.  

To support its growth objectives, SitusAMC has committed $20MM of technology investments through 2028, with a particular emphasis on enhancing REVS’s industry-leading valuation platforms: 

Valuation Management System (VMS) – a cloud-based platform that provides workflow and data management as well as robust real-time reporting capabilities, will see further enhancements via a next-generation “VMS Next” platform release. Daily Valuation System (DVS) – the industry’s only cloud-based daily valuation platform that provides a standardized workflow and reporting process for net asset valuation reporting, will also see continued investments to enhance the recently released product functionality. 

“Our REVS team continues to set the standard for real estate valuations, driven by their best-in-class, tech-enabled services. We look forward to continuing to invest and support the business as they work alongside our broader team to power opportunity across the lifecycle of our clients CRE finance activity.” – Anne Jablonski, Executive Managing Director, Head of CRE, SitusAMC.  

For more information about SitusAMC’s Real Estate Valuation Services, please visit https://www.situsamc.com/real-estate-valuation-services or contact: 

Brian Velky 
Managing Director & Global Head
Real Estate Valuation Services
brianvelky@situsamc.com  

ABOUT SITUSAMC
SitusAMC is a leading independent provider of investment advisory, strategic outsourcing, talent, and technology solutions to the commercial and residential real estate finance industries. The company helps clients identify and capture opportunities in their real estate businesses through industry-leading services and innovative technologies that drive operational efficiency, increase business effectiveness, and improve market agility across the entire lifecycle of their global real estate activity.
Media Contact: mediarelations@situsamc.com.  

ABOUT STONE POINT
Stone Point is an alternative investment firm based in Greenwich, CT, with more than $55 billion of assets under management. Stone Point targets investments in companies in the global financial services industry and related sectors. The firm invests in alternative asset classes, including private equity through its flagship Trident Funds and credit through commingled funds and separately managed accounts. In addition, Stone Point Capital Markets supports our firm, portfolio companies and other clients by providing dedicated financing solutions. For more information on Stone Point, please visit: www.stonepoint.com

View original content:https://www.prnewswire.com/news-releases/situsamc-announces-strategic-decision-to-retain-real-estate-valuation-services-business-302205592.html

SOURCE SitusAMC

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

Immorta Bio to Present New Data on SenoVax™ and StemCell Revivify™ at Biotech Showcase 2025

Published

on

By

Senolytic Immunotherapy and Cellular Rejuvenation platforms are progressing toward clinical development

MIAMI, Jan. 10, 2025 /PRNewswire/ — Immorta Bio Inc., a leader in longevity-focused biotechnologies, announced today that it will present its latest developments at the upcoming Biotech Showcase in San Francisco, CA. The company’s presentation will provide insights into its groundbreaking research and technological advancements aimed at Treating Diseases of Aging and Treating Aging as Disease™.

Details of the presentation are as follows:

Event: Biotech Showcase 2025
Date: January 14, 2025
Time: 4 PM Pacific
Location: Franciscan C, Ballroom Level

Immorta Bio’s innovative platform SenoVax™, a dendritic cell-based vaccine designed to target and eliminate senescent cells. Preclinical studies have demonstrated its potential to transform the tumor microenvironment by clearing these cells, which are associated with aging and disease progression. Furthermore, in animal models of multiple solid tumor cancers (lung, breast, glioma, pancreatic), SenoVax™ induced significant tumor regression by enhancing immune responses, underscoring its promise as a therapeutic solution for both cancer treatment and longevity research.

The company’s StemCell Revivify™, a set of personalized young and immortal progenitor and mesenchymal stem cells have shown an ability to achieve dramatic recovery of failing organs in multiple animal models. Proprietary iPSC-based stem cell therapies have been developed to provide scalable, practical, and economical solutions.

“We are thrilled to showcase our recent progress and share our vision for tackling the diseases of aging as well as the aging itself,” said Dr. Thomas Ichim, President and Chief Scientific Officer of Immorta Bio. “At Immorta Bio, we believe that combining cutting-edge science with a deep understanding of the biology of aging can transform how we address major medical challenges. The Biotech Showcase offers an invaluable platform to engage with innovators, collaborators, and investors while we highlight how our breakthroughs in longevity science are paving the way for healthier, longer lives.”

To learn more about the event, please visit https://informaconnect.com/biotech-showcase/. To schedule a one-on-one with Dr. Thomas Ichim, President and Chief Scientific Officer of Immorta Bio, during the event, please email kbash@immortabio.com

About Immorta Bio
Immorta Bio Inc. is a scientific longevity company developing personalized cellular therapeutics focused on Treating Diseases of Aging and Treating Aging as a Disease™. We are advancing longevity medicine by harnessing patient-derived rejuvenated stem cells and enhanced immune cells, restoring the body’s natural ability to combat cancers and age-related diseases. Our mission is to address the root causes of aging and bring resilience and vitality back to you.

To learn more about Immorta Bio’s research initiatives, visit immortabio.comLinkedIn and X.

Media Contact

David Schull  
Russo Partners
858-717-2310
388575@email4pr.com

Kate Bash
Chief Commercial Officer
Immorta Bio
388575@email4pr.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/immorta-bio-to-present-new-data-on-senovax-and-stemcell-revivify-at-biotech-showcase-2025-302347953.html

SOURCE Immorta Bio Inc.

Continue Reading

Technology

Breaking Stereotypes: New 3Fun Survey Reveals Media’s Missteps in Polyamory Representation

Published

on

By

NEW YORK, Jan. 10, 2025 /PRNewswire/ — Despite growing visibility, only 11% of polyamorous individuals feel media portrayals align with their real-life experiences, according to a new survey by 3Fun, the leading dating app for open-minded singles and partners seeking like-minded connections. The survey, conducted among 1,312 3Fun users, highlights how media misrepresentation shapes public perceptions, reinforces stereotypes, and impacts user expectations on dating platforms like 3Fun.

Key Findings from the 3Fun Survey:

Limited Representation: Nearly 40% of respondents said they rarely see polyamorous relationships in mainstream media, while 17% reported never seeing them at all.Social Media Influence: Platforms like Instagram and TikTok are driving perceptions of polyamory for 40% of users, far surpassing traditional media like TV and film (10%).Accuracy Issues: Only 11% of respondents described media portrayals as “very accurate,” while 52% rated them as “rarely accurate” or “completely inaccurate.”Mixed Progress: While 39% believe portrayals have improved, 38% said they’ve noticed no change at all.Normalization vs. Stereotypes: Social media is a double-edged sword—40% think it normalizes polyamory, but 34% believe it reinforces harmful stereotypes.Global vs. Local Media: Over 21% noted global media tends to be more open-minded about polyamory than local outlets, which are often conservative or avoid the topic altogether.

“The data from this survey shows how far we still have to go in achieving authentic representation of polyamory in media and pop culture,” said Max Ma, Founder and CEO of 3Fun. “These portrayals don’t just shape public opinion—they directly influence how our users feel about their relationships and their ability to live openly. At 3Fun, we’re dedicated to creating a supportive community where everyone can explore their desires without fear of judgment.”

The Real Impact of Misrepresentation

Nearly half of respondents (47%) identified cultural and societal norms as the biggest barriers to societal acceptance of polyamory—more significant than concerns about media portrayal or visibility. However, respondents emphasized that better representation would lead to:

Easier conversations about polyamory (32%)Improved understanding within their social circles (21%)

Gigi Engle, certified sex and relationship psychotherapist and 3Fun’s resident intimacy expert, echoed this sentiment: “Representation matters. Media has the power to normalize relationships and dismantle stereotypes, but only when done thoughtfully. This survey shows a clear need for creators to approach polyamory with authenticity and care.”

Creating a World Where Love Knows No Limits

The findings highlight the role platforms like 3Fun play in bridging the gap between perception and reality. With over 10 million downloads and 3 million verified active users worldwide, 3Fun provides a safe, inclusive space for polyamorous individuals and couples to connect, explore, and thrive.

Join us in building a community where love is celebrated in all its forms. Download 3Fun today and discover a world where love knows no limits.

For more information, visit www.go3fun.co.

About 3Fun:

3Fun, with over 10 million downloads and 3 million verified active users worldwide, is the leading dating app for open-minded singles and partners to meet like-minded people. The platform provides a safe and inclusive space for users to explore ethical open relationships and polyamory lifestyles, fostering community and connection without judgment. Learn more at www.go3fun.co.

Media Contact:
Britni Ackrivo
backrivo@gregoryfca.com
484-504-9920

View original content:https://www.prnewswire.com/news-releases/breaking-stereotypes-new-3fun-survey-reveals-medias-missteps-in-polyamory-representation-302347759.html

SOURCE 3Fun

Continue Reading

Technology

Powerfleet to Present at the 27th Annual Needham Growth Conference

Published

on

By

WOODCLIFF LAKE, N.J., Jan. 10, 2025 /PRNewswire/ — Powerfleet, Inc. (Nasdaq: AIOT) today announced that management is scheduled to present at the 27th Annual Needham Growth Conference on Tuesday, January 14th at 4:30pmET and meet with investors to discuss how Powerfleet is enacting meaningful business change through effective data insights for its customers and underpinning their digital transformations.  

The link to the live webcast of the Company’s presentation will be available by visiting Powerfleets website at https://ir.powerfleet.com/events-presentations/events.

ABOUT POWERFLEET
Powerfleet (Nasdaq: AIOT; JSE: PWR) is a global leader in the artificial intelligence of things (AIoT) software-as-a-service (SaaS) mobile asset industry. With more than 30 years of experience, Powerfleet unifies business operations through the ingestion, harmonization, and integration of data, irrespective of source, and delivers actionable insights to help companies save lives, time, and money. Powerfleet’s ethos transcends our data ecosystem and commitment to innovation; our people-centric approach empowers our customers to realize impactful and sustained business improvement. The company is headquartered in New Jersey, United States, with offices around the globe. Explore more at www.powerfleet.com. Powerfleet has a primary listing on The Nasdaq Global Market and a secondary listing on the Main Board of the Johannesburg Stock Exchange (JSE).

Powerfleet Investor Contacts
Carolyn Capaccio and Jody Burfening
Alliance Advisors IR
AIOTIRTeam@allianceadvisors.com

Powerfleet Media Contact
Jonathan Bates
jonathan.bates@powerfleet.com
+44 7921 242 892

View original content to download multimedia:https://www.prnewswire.com/news-releases/powerfleet-to-present-at-the-27th-annual-needham-growth-conference-302347520.html

SOURCE Powerfleet

Continue Reading

Trending