Connect with us

Technology

Pinnacle Partners and Trilogy Investment Co. Launch Build-to-Rent OZ Fund

Published

on

New BTR OZ Fund Fosters Development in Underserved Markets

ATLANTA, Nov. 1, 2024 /PRNewswire/ — Pinnacle Partners and Trilogy Investment Company launched a new Build-to-Rent (BTR) Opportunity Zone Fund to capitalize three shovel ready BTR communities in Decatur, GA, Augusta, GA and Huntsville, AL. With nearly 500 homes planned across these projects in Qualified Opportunity Zones, the Fund aims to revitalize these communities with new housing, while also intending to offer substantial tax incentives to investors. 

“This tax-advantaged real estate fund is targeting strong risk-adjusted returns, fueled by long-term positive trends in these markets with an exciting in-demand asset class,” said Jeff Feinstein, Managing Partner, Pinnacle Partners. “In fact, the Fund’s launch is timely for investors looking for more tax-efficient strategies as they complete their year-end tax planning. We believe this is a great opportunity for investors who can manage the risk and liquidity.”

“The Pinnacle/Trilogy BTR OZ Fund is a groundbreaking initiative that will channel significant investments into underserved areas, foster community development and seek to offer attractive returns to investors,” comments Jason Joseph, CEO of Trilogy Investment Company.

The Pinnacle/Trilogy BTR OZ Fund launch follows Pinnacle Partners’ successful closing of two BTR projects with Trilogy Investment Company through Pinnacle Partners OZ Fund VIII. This closing includes a townhome development in the NoDa submarket of Charlotte, NC, and Avondale Station, a single-family home development in Avondale, AZ.

“This growing relationship with Trilogy has allowed us to be their co-GP investment partner for their upcoming pipeline of BTR projects,” states Feinstein. “We collectively have such conviction of the BTR asset class, moving forward with three curated projects in a new Opportunity Zone fund is the perfect next step.”

The Pinnacle/Trilogy BTR OZ Fund is now open to accredited investors seeking to take advantage of tax benefits of investing in Qualified Opportunity Zones while diversifying their investment portfolio. 

For more information, visit Build-to-Rent OZ Fund.

About Trilogy Investment Company

Led by a team of investment, development, and construction professionals, Trilogy Investment Company provides Build-To-Rent communities for residents seeking the stability and social benefits of home ownership but rent by choice or have been priced out of the competitive housing market. Located in desirable neighborhoods near good schools and major economic drivers, these communities offer luxurious finishes and coveted amenities for like-minded families and young professionals desiring rental opportunities beyond traditional apartments. Created with targeted demographics in mind, these communities provide the flexibility of rentals with the stability, privacy, and social benefits of homeownership. Trilogy Investment Company was named the 37th fastest-growing private company in Atlanta for 2023 by the Atlanta Business Chronicle. To learn more about Trilogy Investment Company, visit www.trilogyic.com and follow the company on LinkedIn.

About Pinnacle Partners

Pinnacle Partners is an early mover and leader in Opportunity Zone (OZ) real estate investing. The firm and its subsidiaries have invested over $270 million of equity across 13 projects, consisting of approximately 2,400 multifamily units and two historic adaptive reuse office buildings. Pinnacle seeks best-in-class development partners in target markets across the U.S. with track records of delivering and operating successful projects. For more information, visit www.pinnacleoz.com.

Past performance of Pinnacle Partners OZ Funds is not indicative of future results. There can be no assurance that the fund’s objectives will be achieved or that cash distributions will, in fact, be made or, if made, whether those distributions will be made when or in the amount anticipated or that certain tax benefits will be available to investors. An investment in the fund is illiquid, speculative, and will involve significant risks. Full details about the fund and its associated risks can be found in the fund offering documents.

MEDIA CONTACT:
Denim Marketing
Carol Morgan
404-626-1978
Carol@DenimMarketing.com
www.DenimMarketing.com

View original content:https://www.prnewswire.com/news-releases/pinnacle-partners-and-trilogy-investment-co-launch-build-to-rent-oz-fund-302294133.html

SOURCE Trilogy Investment Co

Continue Reading
Click to comment

Leave a Reply

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

Technology

LION ELECTRIC ANNOUNCES THIRD QUARTER 2024 RESULTS RELEASE DATE

Published

on

By

MONTREAL, Nov. 1, 2024 /PRNewswire/ – The Lion Electric Company (NYSE: LEV) (TSX: LEV) (“Lion” or the “Company”), a leading manufacturer of all-electric medium and heavy-duty urban vehicles, today announced that it will release its third quarter 2024 results on November 6, 2024, after markets close. A conference call and webcast will be held on the same day, at 5:30 p.m. (Eastern Time) to discuss the results.

To participate in the conference call, please dial (404) 975-4839 or (833) 470-1428 (toll free) using the Access Code 946933. A live webcast of the conference call will also be available at www.thelionelectric.com under the “Events and Presentation” page of the “Investors” section. An archive of the event will be available shortly after the conference call.

ABOUT LION ELECTRIC

Lion Electric is an innovative manufacturer of zero-emission vehicles. The Company creates, designs and manufactures all-electric class 5 to class 8 commercial urban trucks and all-electric school buses. Lion is a North American leader in electric transportation and designs, builds and assembles many of its vehicles’ components, including chassis, battery packs, truck cabins and bus bodies. 

Always actively seeking new and reliable technologies, Lion vehicles have unique features that are specifically adapted to its users and their everyday needs. Lion believes that transitioning to all-electric vehicles will lead to major improvements in our society, environment and overall quality of life. Lion shares are traded on the New York Stock Exchange and the Toronto Stock Exchange under the symbol LEV.

View original content:https://www.prnewswire.com/news-releases/lion-electric-announces-third-quarter-2024-results-release-date-302294481.html

SOURCE The Lion Electric Co.

Continue Reading

Technology

Haivision CEO Updates Report on Holdings of Common Shares

Published

on

By

MONTREAL, Nov. 1, 2024 /PRNewswire/ – Mr. Miroslav Wicha, the President and Chief Executive Officer of Haivision Systems Inc. (“Haivision”), has filed today an amended report with respect to his shareholdings in Haivision, as required by applicable securities laws.

As of November 1 2024, after giving effect to Family Trust Transfer (as defined below), Mr. Wicha: (i) beneficially owns and controls 2,078,438 common shares of Haivision (“Common Shares”) (representing 7.33% of the issued and outstanding Common Shares), (ii) controls 1,819,501 Common Shares beneficially owned by Colleen Hudson Wicha (representing 6.41% of the issued and outstanding Common Shares), (iii) controls 3,000 Common Shares beneficially owned by Alexander Wicha (representing 0.01% of the issued and outstanding Common Shares), (iv) controls 3,000 Common Shares beneficially owned by Gabrielle Wicha (representing 0.01% of the issued and outstanding Common Shares), (v) controls 3,000 Common Shares beneficially owned by Lenka Wicha (representing 0.01% of the issued and outstanding Common Shares), and (vi) controls 3,000 Common Shares beneficially owned by Nicolas Wicha (representing 0.01% of the issued and outstanding Common Shares). This represents, in aggregate (the “Total Control”), 3,909,939 Common Shares, or 13.78% of the issued and outstanding Common Shares.

On November 1, 2024, the Hudson Wicha Family Trust (the “Family Trust”), of which Mr. Wicha is a trustee, transferred 1,795,115 Common Shares owned by the Family Trust to Colleen Hudson Wicha, the spouse of Mr. Wicha, for estate planning and family investment purposes (the “Family Trust Transfer”). Mr. Wicha continues to have control over the Common Shares transferred pursuant to the Family Trust Transfer. The Total Control immediately prior to and after the Family Trust Transfer remained the same.

In addition, as of November 1, 2024, Mr. Wicha beneficially owns and controls options issued under Haivision’s equity incentive plan to acquire 646,498 Common Shares (of which 344,520 are currently vested (the “Vested Options”) and 301,978 will vest in accordance with their terms) and restricted share units issued under Haivision’s equity incentive plan to acquire 164,517 Common Shares (which will vest in accordance with their terms).

Assuming the exercise of all the Vested Options, an aggregate of 344,520 Common Shares would be issued, and the Total Control would increase to 4,254,459 Common Shares, or 14.82% of the issued and outstanding Common Shares (based on the number of Common Shares issued and outstanding as of the date hereof and after giving effect to the issuance of the 344,520 Common Shares issuable under such options). Of such Total Control of 4,254,459 Common Shares, (i) 2,422,958 Common Shares would be beneficially owned and controlled by Mr. Wicha, (ii) 1,819,501 Common Shares would be controlled by Mr. Wicha and beneficially owned by Colleen Hudson Wicha, (iii) 3,000 Common Shares would be controlled by Mr. Wicha and beneficially owned by Alexander Wicha, (iv) 3,000 Common Shares would be controlled by Mr. Wicha and beneficially owned by Gabrielle Wicha, (v) 3,000 Common Shares would be controlled by Mr. Wicha and beneficially owned by Lenka Wicha, and (vi) 3,000 Common Shares would be controlled by Mr. Wicha and beneficially owned by Nicolas Wicha.

Mr. Wicha and any joint actor may, from time to time, acquire or dispose of ownership or control or direction over some or all of the securities of Haivision depending on a number of factors.

View original content to download multimedia:https://www.prnewswire.com/news-releases/haivision-ceo-updates-report-on-holdings-of-common-shares-302294508.html

SOURCE Miroslav Wicha

Continue Reading

Technology

Drones: The Game-Changer in Global Market Dynamics

Published

on

By

“Drone technology refers to flying machines that operate without a pilot on board. They can take pictures, deliver packages, monitor crops, and perform various tasks. Drones are useful for saving time and reaching difficult places, but there are rules to ensure they are used safely.”

BOSTON, Nov. 1, 2024 /PRNewswire/ — “According to the latest study from BCC Research, Drone Technology and Global Markets was valued at $30.4 billion in 2023. The market is projected to grow from $33.9 billion in 2024 to $61.2 billion by the end of 2029, at a compound annual growth rate (CAGR) of 12.6% from 2024 through 2029.”

This report looks at drone technology, covering the three types of drones: fixed-wing, rotary-blade, and hybrid models. It categorizes drones into unmanned aerial vehicles (UAVs), unmanned underwater vehicles (UUVs), unmanned ground vehicles (UGVs) and unmanned surface vehicles (USVs).

It also explores how drones are used in defense, business, government, and personal settings. The report analyzes the market by region, including North America, Europe, Asia-Pacific, Latin America and the Middle East.

Additionally, it examines the drivers of the drone market, focusing on current trends. Finally, the report profiles leading companies in the drone industry. The study uses 2023 as the base year for data and includes forecasts for 2024 to 2029.

Interesting and surprising facts:

Three Ways Drones Are Changing the World

Drone Racing: The New Thrill Sport
Drone racing is becoming increasingly popular. Pilots wear special goggles to fly drones at speeds over 100 mph through obstacle courses, usually indoors. This thrilling sport has gained global attention, with professional leagues and players vying for big cash prizes.Uncovering Ancient Secrets with Drones
Archaeologists are using drones to find and explore ancient sites. Equipped with special sensors, drones can detect hidden structures beneath vegetation or soil. This technology has led to discoveries of unknown historical sites and revolutionized archaeological surveys.Drone Teams: Working Together
Technology inspired by nature enables drones to work together, like birds or insects, to complete tasks. These “drone swarms” can help with search-and-rescue missions, and can also monitor the environment. This innovative technology is changing the way drones are used.

To further explore the subject matter and to attain a deeper understanding of the market’s dynamics and growth opportunities, click here.

Factors contributing to the growth of the drone market include:

Technological advances in drone technology.: Technological advances are making drones faster, smarter and more capable. These improvements include better cameras for clearer images, advanced sensors for detecting obstacles, longer battery life for extended flying time, and software that allows drones to fly autonomously or follow specific paths. These advancements extend the ways in which drones can be used in delivery, agriculture and surveillance.Increasing cost efficiency.: Using drones can reduce the amount of labor and time needed for tasks like surveying land or delivering packages. This helps businesses spend less while improving their services.Proliferation of 5G technology and cloud computing.: Faster internet (5G) and online storage and services (cloud computing) are becoming widely available. This allows enables drones, to connect and share data quickly and easily. It improves communication, enhances real-time processing, and enables more advanced applications for technology in everyday life.Enhanced public perception and awareness.: More people are becoming informed about drones and their uses. As people learn about the benefits of drones including delivering packages, monitoring crops, and helping in emergencies—they are more likely to view them positively and accept their use in everyday life.Strategic investments and partnerships.: Companies are increasingly working together and investing money to achieve shared goals. For example, a tech company might partner with a drone manufacturer to develop new technology. These collaborations help businesses grow, innovate, and access new markets more effectively.

 

Request a Sample Copy of the Drone Technology and Global Markets

Report Synopsis

Report Metrics

Details

Base year considered

2023

Forecast period

2024-2029

Base year market size

$30.4 Billion

Market size forecast

$61.2 Billion

Growth rate

CAGR of 12.6% from 2024 to 2029

Segments covered

By offering, product segment, Drone Type, Application,
and Region

Regions covered

North America, Europe, Asia-Pacific, and Rest of the
World, which consists of the Middle East and Africa, and
Latin America

Countries covered

U.S., Canada, Germany, France, Italy, U.K., China, Taiwan,
South Korea, and India

Key market drivers

•  Technological advances in drone technology

•  Increasing cost efficiency

•  Proliferation of 5G technology and cloud computing

•  Enhanced public perception and awareness

•  Strategic investments and partnerships

 

This report answers the following questions:

What is the projected market size and growth rate of the market?
The market is projected to reach $61.2 billion by 2029, growing at a CAGR of 12.6%.What segments are covered in the market?
The drone market is segmented by:
Offering.
Product.
Type of drone.
Application.
Region.Which type of drone will dominate the market by the end of 2029?
Unmanned aerial vehicles (UAVs) are expected to dominate the market by the end of 2029.

Some of the Key Market Players Are:

AEROVIRONMENT INC.AIRBUSBOEINGDELAIRDJIDRAGANFLY INNOVATIONS INC.DRONE DESTINATION LTD.DRONE HARMONY AGDRONEVOLTEHANGFREEFLY SYSTEMSHUBSANIDEAFORGE TECHNOLOGY LTD.INSITUINSIDEFPV VENTURES PVT. LTD.KESPRYMMCPARROT DRONE SASPOWERVISION INC.SKYDIO INC.YUNEEC

Other related reports

Robotics: Technologies and Global Markets: This study of robotic systems explores how they are used around the world in manufacturing, healthcare and entertainment. The market looks at trends, demand, and how much money is being spent on robots, highlighting their growing importance in everyday life.

Delivery Drones: Global Markets and Technologies: This report focuses on drones designed for delivering packages. It examines how these drones work, the technology behind them, and their increasing use in many countries. The market analysis shows how much people and businesses are investing in delivery drones and explores their potential to change how we receive goods in the future.

Directly Purchase a copy of the report from BCC Research.

For further information on the subject matter or to purchase the report, please contact info@bccresearch.com.

About BCC Research
BCC Research market research reports provide objective, unbiased measurement and assessment of market opportunities and help readers make informed business decisions, free of noise and hype.

Contact Us
Corporate HQ: 50 Milk St. Ste 16, Boston, MA 02109, USA

Email: info@bccresearch.com,

Phone: +1 781-489-7301

For media inquiries, email press@bccresearch.com or visit our media page for access to our market research library.
Any data and analysis extracted from this press release must be accompanied by a statement identifying BCC Research LLC as the source and publisher.

Logo – https://mma.prnewswire.com/media/2183242/BCC_Research_Logo.jpg

View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/drones-the-game-changer-in-global-market-dynamics-302294446.html

Continue Reading

Trending