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JLL named one of America’s Best Employers for Diversity by Forbes

Tuesday January 15 th 2019

CHICAGO, Jan. 15, 2019 /PRNewswire/ – JLL (NYSE: JLL) has been named by Forbes as one of America’s Best Employers for Diversity. The annual ranking examines C-suite and board diversity as well as employer diversity policies.

To create the ranking, Forbes and research firm Statista surveyed 50,000 U.S. employees in companies that have at least 1,000 employees. Survey questions focused on diversity with respect to gender, ethnicity, sexual orientation, age and ability. Other components of the ranking included gender diversity among top executives and the board of directors, and the company’s proactive communication about diversity.

“Our ambition is to nurture a culture where diverse backgrounds, skills and ideas are embraced,” said Mary Bilbrey, Chief Human Resources Officer, Americas. “We’re honored to be recognized by Forbes as one of America’s Best Employers for Diversity and are committed to continually strengthening our culture of diversity.”

Earlier this month, JLL named Monica Marquez as the company’s new Head of Diversity Inclusion. Prior to JLL, she held diversity roles at Google, Ernst Young, Bank of America Merrill Lynch and Goldman Sachs.

“JLL succeeds through inclusion, and the company has been recognized within and beyond its industry for its policies in this area,” Marquez said. “As part of my role with the firm, I’m excited to build upon the company’s achievements and to continue developing and engaging JLL talent.”

The complete ranking is available on forbes.com.

Clients and third-party organizations continue to recognize JLL globally for its ethics, corporate citizenship and commitment to being an employer of choice. JLL has collected the following U.S. and global awards in the last year:

  • Management Top 250, second year in a row
  • JUST 100 (America’s Most JUST Companies), third year in a row
  • Forbes 2018 America’s Best Employers, fourth year in a row
  • LinkedIn Top Companies, third year in a row
  • Ethisphere Institute’s World’s Most Ethical Companies, 11th year in a row
  • National Association for Female Executives Top Companies for Executive Women, third year in a row
  • Working Mother ’100 Best Companies,’ second year in a row
  • Perfect score on the Human Rights Campaign Foundation’s Corporate Equality Index, fourth year in a row
  • BLACK ENTERPRISE Best Companies for Diversity, second year in a row
  • DiversityMBA Magazine’s 50 Out Front, fourth year in a row
  • Diversity Best Practices Inclusion Index
  • Military Friendly Employers

About JLL
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. Our vision is to reimagine the world of real estate, creating rewarding opportunities and amazing spaces where people can achieve their ambitions. In doing so, we will build a better tomorrow for our clients, our people and our communities. JLL is a Fortune 500 company with operations in over 80 countries and a global workforce of 88,000 as of September 30, 2018. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.

Connect with us
https://www.linkedin.com/company/jll   
https://www.facebook.com/jll/   
https://twitter.com/jll   
https://plus.google.com/+joneslanglasalle  

Contact:William Polk
Phone:  +1 312 228 3943
Email:William.Polk@am.jll.com

(PRNewsfoto/JLL)

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SOURCE JLL-IR

Hunt Companies Finance Trust Announces Redemption of All Series A Cumulative Redeemable Preferred Stock and new $40.25 Million Credit Facility

NEW YORK, Jan. 15, 2019 /PRNewswire/ — Hunt Companies Finance Trust, Inc. (NYSE:HCFT) today announced that it will redeem all outstanding shares of its 8.75% Series A Cumulative Redeemable Preferred Stock (NYSE: HCFT PR A) (CUSIP: 44558T209) (the “Series A Preferred Stock”) and that it has entered into a $40.25 million delayed draw credit facility which will mature on February 14, 2025.  The new $40.25 million delayed draw credit facility bears interest at an initial fixed rate of 7.25%, which is subject to step up after year 5.

(PRNewsfoto/Hunt Mortgage Group) (PRNewsfoto/Hunt Mortgage Group)

The redemption will occur on February 14, 2019 (the “Redemption Date”) and holders of shares of our Series A Preferred Stock will receive a redemption price equal to $25 per share, plus accumulated and unpaid dividends thereon to, but not including, the redemption date.  HCFT will use the proceeds of the loans under the credit facility to fund the redemption of its Series A Preferred Stock.

The redemption is being made pursuant to Section 6(b) of Article First of that certain Articles Supplementary of the Series A Preferred Stock.  From and after the Redemption Date, dividends on the Series A Preferred Stock will cease to accrue, the Series A Preferred Stock will no longer be outstanding and, therefore, all rights of the holders of such shares shall terminate except for the right of the holders to receive the cash payable upon the redemption.  Upon redemption, the Series A Preferred Stock will be delisted from trading on the New York Stock Exchange.

All shares of the Series A Preferred Stock are held in book-entry form through the Depository Trust Company (“DTC”).  Payment to DTC for the redeemed shares of Series A Preferred Stock plus accumulated and unpaid dividends thereon will be made by American Stock Transfer Trust Company, LLC, as redemption agent.

James Flynn, Chief Executive Officer of Hunt Companies Finance Trust, said “The redemption of HCFT’s Redeemable Preferred Stock and simultaneous replacement with 7.25% fixed-rate debt represents a significant positive step towards increasing the earnings profile and institutional caliber of HCFT. Going forward, we expect the more attractive cost of capital to benefit core earnings to common shareholders annually by approximately $1 million.”

Hunt Companies Finance Trust

Hunt Companies Finance Trust is a real estate investment trust focused with its subsidiaries on investing in, financing and managing transitional multifamily and commercial real estate loans, securities backed by multifamily mortgage loans or multifamily mortgage-backed securities, and other mortgage-related investment including mortgage servicing rights. The Company’s objective remains to deliver attractive cash flow returns over time to its investors.

Hunt Companies Finance Trust is externally managed and advised by Hunt Investment Management, LLC. More information regarding Hunt Investment Management is described in its brochure (Part 2A of Form ADV) available at www.adviserinfo.sec.gov.

Forward-Looking Statements

This press release includes “forward-looking statements” within the meaning of the U.S. securities laws that are subject to risks and uncertainties. These forward-looking statements include information about possible or assumed future results of the Company’s business, financial condition, liquidity, results of operations, plans and objectives. You can identify forward-looking statements by use of words such as “believe,” “expect,” “anticipate,” “estimate,” “plan,” “continue,” “intend,” “should,” “may” or similar expressions or other comparable terms, or by discussions of strategy, plans or intentions. Statements regarding the following subjects, among others, may be forward-looking: the redemption of the Series A Preferred Stock, the new delayed draw credit facility, the return on equity; the yield on investments; the ability to borrow to finance assets; and risks associated with investing in real estate assets, including changes in business conditions, interest rates, the general economy and political conditions and related matters. Forward-looking statements are based on the Company’s beliefs, assumptions and expectations of its future performance, taking into account all information currently available to the Company. Actual results may differ from expectations, estimates and projections and, consequently, you should not rely on these forward-looking statements as predictions of future events. Forward-looking statements are subject to substantial risks and uncertainties, many of which are difficult to predict and are generally beyond the Company’s control. Additional information concerning these and other risk factors is contained in the Company’s most recent filings with the Securities and Exchange Commission, which are available on the Securities and Exchange Commission’s website at www.sec.gov.

All subsequent written and oral forward-looking statements that the Company makes, or that are attributable to the Company, are expressly qualified in their entirety by this cautionary notice. Any forward-looking statement speaks only as of the date on which it is made. Except as required by law, the Company is not obligated to, and does not intend to, update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

MEDIA CONTACTS
Brent Feigenbaum
Hunt Real Estate Capital
212-317-5730
Brent.Feigenbaum@huntcompanies.com

Pam Flores
773-218-9260
pamflo@ameritech.net

 

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SOURCE Hunt Companies Finance Trust, Inc.

Investor Alert: Kaplan Fox Announces Investigation Of GreenSky, Inc.

NEW YORK, Jan. 15, 2019 /PRNewswire/ – Kaplan Fox Kilsheimer LLP (www.kaplanfox.com) is investigating claims on behalf of investors of GreenSky, Inc. (“GreenSky” or the “Company”) (NASDAQ: GSKY).  GreenSky is a financial technology company that runs an online platform for processing loan applications at the point of sale. 

A class action complaint has been filed in the United States District Court for the Southern District of New York on behalf of investors who purchased GreenSky Class A common stock pursuant or traceable to the Company’s Initial Public Offering (“IPO”) that closed on or about May 29, 2018.  In the IPO, GreenSky sold 43.7 million shares of Class A common stock at $23 per share for gross proceeds of $874 million. 

According to the complaint, GreenSky has two principal sources of revenue:  (1) “transaction fees” that the Company receives upfront when a consumer secures a loan through the GreenSky platform and makes a purchase; and (2) recurring fees generated from banks over the lives of loans the Company facilitates.  Further, according to the complaint, transaction fees accounted for 87% of the Company’s revenue in 2017.  The complaint also alleges that GreenSky typically charges a 14% fee to solar panel merchants compared to its average transaction fee of 7%.

On August 7, 2018, GreenSky announced its financial results for the second quarter ended June 30, 2018.  The press release indicated that the Company’s transaction fees as a percentage of its total revenue had declined below the rate achieved in the second quarter of 2017.  According to the complaint, the Company acknowledged during the conference call to discuss its quarterly results that the rapid reduction in the transaction fee rate was attributable to the transition away from solar panel merchants and towards healthcare companies. On August 7, 2018, GreenSky’s shares declined $2.32 per share, nearly 11%, to close at $18.91 per share.

Then, on November 6, 2018, in connection with reporting its third quarter financial results, GreenSky lowered its full year 2018 transaction volume guidance from between $5.1 and $5.3 billion to between $4.9 and $5.1 billion.  During the conference call to discuss its quarterly results, GreenSky’s CEO and Chairman reportedly stated that “the transaction fee take rate is down about 70 basis points year-over-year, driven by the reduction in solar.”  On November 6, 2018, GreenSky’s shares declined by $5.38 per share, or 36.7%, to close at $9.28 per share.

The complaint alleges that the offering documents for the Company’s IPO touted GreenSky’s growth and financial performance while failing to disclose that (i) GreenSky was transitioning away from the solar power market in favor of the elective healthcare market, and (ii) the foreseeable negative effects on GreenSky’s profits because of significant differences in transaction fees GreenSky charged to different classes of merchants.

If you are a member of the proposed Class, you may move the court no later than January 28, 2019 to serve as a lead plaintiff for the purported class.  You need not seek to become a lead plaintiff in order to share in any possible recovery.  If you would like to discuss the complaint or our investigation, please contact us by emailing pmayer@kaplanfox.com or by calling 800-290-1952.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Kaplan Fox Kilsheimer LLP, with offices in New York, San Francisco, Los Angeles, Chicago and New Jersey, has many years of experience in prosecuting investor class actions. For more information about Kaplan Fox Kilsheimer LLP, you may visit our website at www.kaplanfox.com.  If you have any questions about this Notice, the action, your rights, or your interests, please contact:

Jeffrey P. Campisi
KAPLAN FOX KILSHEIMER LLP
850 Third Avenue, 14th Floor
New York, New York 10022
(800) 290-1952
(212) 687-1980
Fax: (212) 687-7714
E-mail: jcampisi@kaplanfox.com

Laurence D. King
KAPLAN FOX KILSHEIMER LLP
350 Sansome Street, Suite 400
San Francisco, California  94104
(415) 772-4700
Fax:  (415) 772-4707
E-mail: lking@kaplanfox.com

 

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SOURCE Kaplan Fox Kilsheimer LLP

Netflix just had its best quarter for content — but it still faces several big risks, JPMorgan says (NFLX)

Monday January 14 th 2019

Netflix's Chief Executive Officer Reed Hastings speaks during an interview with Reuters in Buenos Aires September 7, 2011.REUTERS/Enrique Marcarian

  • Netflix‘s quarterly results are due out later this week, and JPMorgan views the streaming giant pretty positively.
  • But in a new report out Monday, the firm lowered its year-end price target and listed several risks Netflix may still have to grapple with.
  • Two fourth-quarter-specific risks are the impact from foreign-exchange fluctuations and the addition of fewer net additions than Netflix had previously forecast. 
  • Netflix shares have fallen 21% from their record high last June, but they’re still up 50% in one year.
  • Watch Netflix trade live.

JPMorgan analysts are pretty optimistic on Netflix in the long-run. They like its program offerings, its growth both in the US and internationally, and its key position as a beneficiary of television disruption. The firm even thinks this last quarter was its best for content.

But in a note sent to clients Monday, JPMorgan adjusted its outlook ahead of Thursday’s fourth-quarter earnings report. The bank trimmed its year-end price target on the stock, lowered their fourth-quarter revenue and operating income estimates, and detailed several key risks surrounding the streaming giant.

“While we are more focused on total net adds in 4Q, we lowered our 4Q paid net adds estimates and are now modestly below [management's] guide due to a back-end loaded content schedule with ‘Bird Box’ released on 12/21 and ‘Black Mirror: Bandersnatch’ on 12/28,” analysts led by Doug Anmuth told clients Monday.

Anmuth and his team added that splashy titles like those, and others like “The Haunting of Hill House” and “Narcos: Mexico,” lead them to believe the fourth-quarter was the strongest content quarter ever. They highlight, specifically, Google Trends showing “Bird Box” became the second-most-searched Netflix original title behind “Stranger Things.”

Read more: Morgan Stanley predicts when Netflix will stop burning money and start generating billions in free cash flow

Still, a main driver for their tempered outlook is foreign-exchange fluctuations. A strong US dollar relative to foreign currencies in the fourth-quarter likely impacted their sales and operating income, JPMorgan said. The upcoming report comes on the heels of a brutal few months for the market more broadly, with Wall Street expecting a slowdown in earnings growth.

Here’s a breakdown of some of the other central risks facing Netflix ahead of its Q4 results, and in the long-term, according to the analysts.

  • Fewer paid net additions. The firm lowered its fourth-quarter paid net additions to 1.28 million for the US and 5.97 million internationally, versus the company’s guidance of 1.5 million and 6.1 million, respectively. This was mostly driven by a content slate that ramped up late in the quarter.
  • Cash burn. Netflix’s stock could underperform if the company’s widely noted free-cash-flow burn is “greater than expected.” Netflix said in October that its negative free-cash-flow burn reached $3 billion in 2018, up from $2 billion the year before.
  • Competition. Shares could also underperform if increased competition from Amazon, Disney, Hulu, and ATT impact Netflix’s net additions.

Now read:

Netflix shares.Markets Insider

Inman Announces Another 15 Real Estate Company Sponsors for Inman Connect New York 2019

Saturday January 12 th 2019

TALLAHASSEE, Fla., Jan. 12, 2019 /PRNewswire-PRWeb/ — Inman Group announced 15 additional companies that will be sponsoring Inman Connect New York, Jan. 28-Feb. 1, 2019.

Inman Connect is a week-long event that brings together more than 4,000 top-producing real estate agents and brokers, CEOs of leading franchises, MLS and association leaders, tech entrepreneurs, and marketing executives, to focus on, embrace, and execute on coming changes in the industry. Attendees will be treated to compelling presentations by Nextdoor CEO Sarah Friar, MIT social robotics expert Kate Darling, and Dave Noll, creator and executive producer of Chopped.

“The ICNY sponsors propel the industry forward,” said Brad Inman, Publisher. “They will make vital connections with our attendees.”

For more information on sponsorship and/or exhibitor opportunities at Inman Connect, please contact sales(at)inman.com.

Sponsors will include:

Platinum Sponsor

CENTURY 21
century21.com

The approximately 127,000 independent sales professionals in over 9,400 offices spanning 80 countries/territories in the CENTURY 21® System live their mission everyday: to defy mediocrity and deliver extraordinary experiences. By consistently chasing excellence, giving 121% and always elevating, the CENTURY 21 brand is helping its affiliated brokers/agents be the first choice for real estate consumers and industry professionals.

Silver Sponsors

Adwerx
adwerx.com

Adwerx provides brilliantly simple digital advertising for real estate. Ads powered by Adwerx have received billions of impressions on social media, mobile platforms, and the most widely read news sites. Adwerx’s comprehensive reporting and training help businesses navigate the complex world of online advertising with ease. Adwerx has over 115,000 customers across the U.S., Canada, and Australia and has been named to the Inc. 5000 list of America’s Fastest Growing Private Companies for two years in a row.

CINC (Commissions Inc)
commissionsinc.com

CINC (Commissions Inc) is the leading provider of web-based real estate marketing and CRM software for elite agents and teams across North America. The CINC solution includes: a consumer website that integrates with local MLS data; a complete CRM platform that allows real estate agents to nurture clients and monitor their business; and access to three mobile apps.

Bronze Sponsors

Contactually
contactually.com

Contactually is a real estate relationship management platform that helps agents turn existing contacts into relationships that create results. Agents can generate more referrals and close deals faster with automated follow-up reminders, contact organization, effective email templates and much more. Contactually is the CRM that helps prioritize clients and leads to drive more business.

Home Dart
dartvideocommunications.com

Automated video production and distribution for real estate agents. Home Dart automates production and distribution of social media video ads, open house lead registration and video follow up, new lead video response, and several additional lead communication functions. With Home Dart, agents focus on selling instead of creating videos, taking full advantage of the benefits of real-time video communications.

immersiveI
immersivei.com

immersiveI is a company dedicated to improving software investments for real estate clients. immersiveI helps companies gain a higher adoption and ROI with assessment tools, 5 stage adoption model, and customized learning pathways for users. They help clients attain the expected level of use from their software investments.

Lucidpress
lucidpress.com

Lucidpress provides real estate agents with an incredibly easy way to customize and distribute their own marketing collateral without ever going off brand. Lockable templates keep brand assets protected while empowering the agent force to make small design tweaks all on their own, easing the load off of central teams. Agents are happy and can say goodbye to rogue branding forever with Lucidpress, the brand templating platform trusted by over 5 million users worldwide.

Meridith Baer Home
meridithbaer.com

Meridith Baer Home is the nation’s premiere real estate home staging company. Their interiors balance elegance with comfort, enticing buyers with luxury that feels just within their reach. With offices in Los Angeles, San Francisco, New York, The Hamptons, and Miami, they offer staging, luxury furniture leasing, and private interior design.

Nextdoor
realestate.nextdoor.com

Nextdoor is the private social network for agents, their neighbors and their communities. With Nextdoor’s new real estate product, agents can join the conversation to ensure they’re known as the neighborhood expert where local word of mouth is happening today.

Nodalview
nodalview.com

Nodalview is the leading mobile-based professional solution that transforms smartphones into the ultimate toolkit for real estate agents delivering the best visual quality on the market. Nodalview leverages smartphone technology, AI and cloud computing into an all-in-one cutting edge visual marketing tool. With Nodalview, create high definition perfectly exposed HDR Photos, 10k 360° automatically assembled virtual tours and full HD videos.

Ogulo
ogulo.com

Ogulo offers an easy and affordable software solution for real estate agents and marketers to showcase their properties virtually. With Ogulo everybody can create 3D virtual walk-throughs within minutes, pre-select the most interested clients and analyze their behavior during the virtual visit. Furthermore, Ogulo offers several other features including an online measurement tool, floor plans and affordable 3D home staging visualizations.

Property TV
propertytv.io

Property TV (pTV) is a post cable network for the property industry. Broadcasting live content from the most respected leaders, mentors and trail blazers of the industry. Tune in to learn more from highly engaged real estate success stories, the disruptors and those embracing opportunities that have dramatically changed their lives.

RICOH Tours
ricohtours.com

Putting virtual tour creation in the hands of every real estate agent. No other service combines speed, affordability and ease-of-use like RICOH Tours. Create professional looking 360° tours in minutes. Once complete, tours can be linked to listing websites or shared on social media. RICOH Tours provides customer engagement metrics unavailable through other platforms. They allow agents to market themselves and their properties with interactive 360° tours.

Spark
spark.re

The professional tool suite for new development real estate. Their all-in-one software platform provides the tools for the entire new development sales cycle from lead capture, to inventory tracking, to contracting and reporting. With a CRM, inventory management system, email marketing tools, digital contracts and more, Spark makes the absorption of new development real estate more efficient, powerful, and profitable.

SweepBright
sweepbright.com

Whichever way real estate professionals run their agencies, SweepBright is the technological backbone that can help them become dramatically more efficient so agents can focus on what they do best: closing deals. SweepBright’s features save valuable time and costs by reducing manual data input and making the entire sales process manageable on the go. It’s one app to run agencies.

Inman Connect New York will take place at the New York Marriott Marquis Times Square from Jan. 28-Feb. 1, 2018. The best and the brightest in real estate and technology are expected to attend. For information on how to receive a press pass, please contact jennifer(at)inman.com.

About Inman | Real estate professionals from around the world turn to Inman first for accurate, innovative and timely information about the industry. Known for its award-winning journalism, cutting-edge technology coverage, in-depth educational opportunities, and forward-thinking events, Inman is the industry’s leading source of real estate information. For more information, visit .

 

SOURCE Inman Group