Redwood Capital Group Continues $400 Million Acquisition Spree Acquires Brook Run in Chicagoland and Wilder in Austin

CHICAGO, Oct. 1:Redwood Capital Group (Redwood), a vertically integrated multifamily investment manager, today announced it has acquired Brook Run, a 182-unit apartment community in Arlington Heights, Ill., and Wilder, a 381-unit apartment community in Austin, Texas. The acquisitions, which were separate transactions, reflect Redwood's commitment to aggressive and strategic national growth plans to double in size by 2025. Including these transactions, Redwood has completed six acquisitions totaling approximately $400 million in value and 1,706 apartment homes over the last 12 months. All of the deals have been sourced either directly off-market or through a limited offering as a result of Redwood's national footprint and relationships. The rapid growth of the company's portfolio is part of a five-year strategic plan to double the size of Redwood's portfolio, which was valued at $1.7 billion in apartment assets under management at the start of 2021. The company's portfolio of almost 9,000 units is concentrated in the Southeast, Southwest and Midwest. Redwood projects an additional $200 million of deals in 2021 as its pipeline remains very active. Redwood's investments team is led by Managing Directors Bill McDougall and Field Stern in Chicago with acquisitions efforts supported by Directors Ryan Steppe and Bill Rose in Atlanta and Dallas, respectively. "This is a very exciting time for Redwood as we continue to execute our plan to expand our portfolio swiftly but also judiciously by making sure we're acquiring communities that will deliver the targeted returns," said David Carlson, managing partner and co-founder of Redwood. "One of the many exciting elements of this recent spate of acquisitions is that they have all been off-market, limited-market and relationship-driven deals. That provides powerful testament to the top-notch network, reputation, flexibility and adaptability of the Redwood investments team." Field Stern, head of capital markets, added that "several of these acquisitions also have been capitalized by three new institutional partners, which is another huge accomplishment and something we are very proud of." In keeping with Redwood's goal of vertical integration, both Brook Run and Wilder are being managed by Redwood Residential, its property management subsidiary. Redwood Residential has grown almost 100% since 2019 and is approaching over 5,000 units under management nationally with regional offices in Atlanta and Dallas. The property management portfolio is projected to double again in the next 24 months. Brook Run is in Arlington Heights, a sought-after suburb situated 25 miles northwest of Downtown Chicago. The community offers convenient access to major employment centers, well-regarded public schools, popular retail and downtown Chicago via I-90 or the Metra commuter rail. The property features one-, two- and three-bedroom units. Redwood plans to renovate all the unit interiors to include vinyl plank flooring, granite countertops, white cabinetry, kitchen backsplashes, updated fixtures and entry closet benches. Common-area amenities include decorative ponds, a clubhouse with leasing center and resident lounge, a resident business center with computers and an outdoor swimming pool with multiple cabanas and lounge seating. "Brook Run represents an outstanding value-add opportunity," McDougall said. "This is a strong community in a thriving submarket, and we're confident that our in-unit improvements, exterior and landscape enhancements and the onsite skill and expertise of Redwood Residential will make this a best-in-submarket living experience." Wilder is a newly constructed, Class A, garden-style community in the South Austin submarket. The property offers panoramic views of the South Austin Hill Country and features a resort-style pool with cabanas, a state-of-the-art fitness center with a private cross-training room, a covered yoga area with views of the pool and surrounding hills, a pet-washing station and a LuxerOne package room. In-unit amenities include quartz countertops, stainless steel appliances, designer cabinets with true soft close hinges and drawers, a Dwelo in-unit technology package, concrete or faux-wood flooring and walk-in closets. "We are extremely bullish about the upside of Wilder," Rose said. "With its fantastic location and its incredible early leasing velocity, the stage is set for a property that will attract and retain residents and deliver strong NOI." About Redwood Capital Group Based in Chicago, Redwood Capital Group is an institutionally focused, vertically integrated real estate investment manager concentrated on the multifamily sector, with capabilities in investment, asset, property and construction management. The company employs a highly disciplined investment strategy focused on core-plus and value-add multifamily communities and identifies distinctive opportunities with the potential for attractive risk-adjusted returns. As of August 31, 2021, Redwood's portfolio consists of 8,871 apartments across 29 communities throughout the United States with a gross asset valuation of approximately $2 billion.

variednews: variednews: AT&T Gives Business 'Plain-Old' Phone ...

variednews: variednews: AT&T Gives Business 'Plain-Old' Phone ...: variednews: AT&T Gives Business 'Plain-Old' Phone Service a Cl... : DALLAS, Oct. 1:What's the news? AT&T is modernizi...

variednews: AT&T Gives Business 'Plain-Old' Phone Service a Cl...

variednews: AT&T Gives Business 'Plain-Old' Phone Service a Cl...: DALLAS, Oct. 1:What's the news? AT&T is modernizing business' traditional analog phone lines using the cloud. AT&T Phone ...

AT&T Gives Business 'Plain-Old' Phone Service a Cloud Makeover

DALLAS, Oct. 1:What's the news? AT&T is modernizing business' traditional analog phone lines using the cloud. AT&T Phone for Business-Advanced is designed to breathe new life into 'plain-old-telephone-service' (POTS) by pairing the reliability of POTS with the voice quality, security and lower maintenance costs of digital lines using market leading cloud capabilities with RingCentral. The new service is available now to nearly any business in the U.S. Why is this important? Many businesses across the U.S. still use traditional wireline phone service not just for standard voice capabilities, but also for specialty functions. Tens of millions of alarms, elevators, fax machines, modems, and point-of-sale terminals across the country depend on these lines for voice and/or smaller-scale data transfers. For example, healthcare providers use these lines for potentially lifesaving communications and equipment. In many of these cases, reliability is paramount. Using an enterprise-grade appliance by DataRemote® that converts analog traffic so that it can be transferred over a VoIP Managed Facility Voice Network (MFVN), providing that traffic with inherent enhancements in security using infrastructure that is easier and less expensive to maintain with built in failover options. The new service will give users an easy way to maintain business continuity and monitor connections to help ensure they are working properly before an issue arises. Data Monitoring Centers help monitor and maintain highly secure connectivity and can keep phone lines running for 24/7 using the AT&T Wireless network. Additionally, in case of local power failure, the device can provide 12 hours of operation using an internal battery backup. For businesses with locations across the country, this could help simplify billing as analog phone and data rates and regulations vary by state. Businesses using AT&T Phone for Business-Advanced can standardize rates and consolidate all lines into one simple bill—nationwide. What are people saying? "Tried and true. Until now, traditional wireline phone service has been hard to beat for specialty data and voice lines. With AT&T Phone for Business-Advanced, we've found a way to modernize these lines to introduce customers to new cloud capabilities while maintaining the reliability and regulatory compliance that they require." – Rich Shaw, Vice President, Voice and Collaboration, AT&T Business "We are excited to launch a new offering with AT&T and DataRemote to the millions of customers with traditional phone services including specialty lines. RingCentral believes enterprises today are looking for trusted relationships and joint innovation to deliver the most seamless journey to the cloud across every use case." – Sandra Krief, VP Service Providers, Americas, RingCentral *About AT&T Communications We help family, friends and neighbors connect in meaningful ways every day. From the first phone call 140+ years ago to mobile video streaming, we @ATT innovate to improve lives. AT&T Communications is part of AT&T Inc. (NYSE:T). For more information, please visit us at att.com.

variednews: variednews: VTEX Launches New Global Integration w...

variednews: variednews: VTEX Launches New Global Integration w...: variednews: VTEX Launches New Global Integration with Facebook... : NEW YORK, Sept. 30:VTEX (NYSE: VTEX), the enterprise digital commerc...

variednews: VTEX Launches New Global Integration with Facebook...

variednews: VTEX Launches New Global Integration with Facebook...: NEW YORK, Sept. 30:VTEX (NYSE: VTEX), the enterprise digital commerce platform for premier brands and retailers, the leader in accelerat...

VTEX Launches New Global Integration with Facebook to Ensure Better Conversion Rates in Ecommerce

NEW YORK, Sept. 30:VTEX (NYSE: VTEX), the enterprise digital commerce platform for premier brands and retailers, the leader in accelerating the commerce transformation in Latin America and now expanding globally, announces a new global integration with Facebook that leverages online campaigns with data intelligence and improves sales conversion natively on the platform. The integration is now available for VTEX customers in 32 countries and allows enterprise brands and retailers to reach even better sales results already on Black Friday as well as the holiday shopping season. The integration with Facebook's Conversions API allows VTEX customers to find potential buyers more assertively. Client companies will also have the facility to connect their product catalogs registered on the VTEX platform with the catalog of the entire family of Facebook applications (Facebook, Instagram, and WhatsApp). With these tools already installed, it's possible to access resources such as events and Facebook shops. VTEX customers using the new API will also be able to evaluate the performance of marketing and ad campaigns in addition to making use of Facebook business tools to drive ecommerce traffic and results. "Our goal is to deliver the benefits of the new Facebook API to our clients around the world," said Amit Shah, chief strategy officer & U.S. general manager at VTEX. "VTEX goes far beyond traditional ecommerce. We like to work closely with our customers to understand their main demands and find the solutions that make sense. We believe in the potential of this launch to further increase our clients' sales." Época Cosméticos, an ecommerce specialized in selling beauty products and a Magazine Luiza subsidiary, was part of the pilot project for the integration and had great results throughout this period. "This integration between VTEX and Facebook Conversions API is excellent for optimizing results and improving sales performance," said Christiane Bistaco, Business Director at Época Cosméticos (Magazine Luiza Group). "We improved on two very strategic fronts with this integration: in scale and in profitability – a difficult combination to balance when working with campaigns. Being part of the pilot project and one of the first networks to use this integration encourages us to better understand how to positively impact our clients." The Conversions API also enhances the sales funnel, as companies have more assertive information about their potential consumers and how to reach them. All of this customer information is already collected and used based on the current General Data Protection Regulation (GDPR). By working with the Facebook Pixel to improve the performance and measurement of ad campaigns, the Conversions API makes it possible to improve the accuracy of information sent for targeting, measuring and optimizing results. Besides, by combining the API with Facebook Business Tools, VTEX's customers get additional insights into the people who interact with their brand, reaching even more people and conversions, as well as boosting sales. About VTEX VTEX (NYSE: VTEX) provides a software-as-a-service digital commerce platform for enterprise brands and retailers. Our platform enables our customers to execute their commerce strategy, including building online stores, integrating and managing orders across channels, and creating marketplaces to sell products from third-party vendors. Founded in Brazil, we have been a leader in accelerating the digital commerce transformation in Latin America and are expanding globally. Our platform is engineered to enterprise-level standards and features. We are trusted by more than 2,000 customers with over 2,500 active online stores across 32 countries, who rely on VTEX to connect with their consumers in a meaningful way*.