Openlane, Inc. (kar) Q1 2024 Earnings Call Transcript
Mike Eliason - Treasurer and Vice President of Investor Relations Peter Kelly - Chief Executive Officer Brad Lakhia - Chief Financial Officer Rajat Gupta - JPMorgan Chase & Co. John Murphy - Bank of America Gary Prestopino - Barrington Research Associates, Inc. Craig Kennison - Robert W. Baird & Co. Robert Labick - CJS Securities Bret Jordan - Jefferies Group LLC Good day, and welcome to the OPENLANE First Quarter 2024 Earnings Conference Call. All participants will be in listen-only mode. [Operator Instructions] Please note, this event is being recorded.
Inside The Columbia University Student Encampment -- And The Crackdown
NEW YORK -- Linnea Norton spent Sunday at Columbia University jamming on the guitar with other students -- a drummer, and a cohort of harmonizing singers. They played Appalachian folk music and protest songs by Bob Dylan and John Lennon. The encampment smelled like sunscreen, and students kicked a soccer ball after a teach-in about imperialism. Some had brought their young children. A Columbia Ph.D. student, Norton was one of the student activists who were arrested early on in the encampment. She remembered the vote that activists took as they decided whether or not to stay and risk arrest.
Icapital(r) Announces Partnership With Resona Bank To Offer Kkr Private Market Strategies To Clients In Japan
TOKYO, HONG KONG, ZURICH & NEW YORK -- iCapital1, the global fintech platform driving the world's alternative investment marketplace for the wealth management industry, today announced the launch of a unique multi-strategy private market offering with Resona Bank, a leading commercial bank in Japan that provides a wide range of services including trust business. The investment offerings by Resona Bank through iCapital's platform are designed primarily for Japanese corporate pensions and include private equity, infrastructure, private credit, and real estate strategies managed by leading global investment firm KKR.
Northwestern Professor, Whose School Gave In To Anti-israel Agitators, Is Son Of Notorious Terrorist Radicals | Fox News
As campus unrest continues, liberal universities are quick to give conservative voices the cold shoulder and cater to progressive radicals as seen in Northwestern University's latest move.
Deka Immobilien And Canderel Sign A Real Estate Asset And Property Management Partnership For 401 West Georgia, Vancouver Bc
VANCOUVER, BC , May 1, 2024 /CNW/ - Deka Immobilien Investment GmbH and Canderel announce today the signing of an agreement in the real estate investment sector. This agreement confirms that Canderel has been selected as Deka's strategic partner and will be responsible for the operational management (operations and leasing) and maintenance of Deka's recently acquired assets 401 West Georgia and 402 Dunsmuir in Vancouver (401 W Georgia). The agreement specifically covers the operations of 401 W Georgia, a 416,000 SF Class A and AAA office complex in Vancouver, BC. "We are delighted ...Full story available on Benzinga.com.
As Pro-palestine Protests Mount Nationwide, So Do Arrests At N.y. Universities
As pro-Palestinian protests continue to affect college campuses in the U.S., New York Mayor Eric Adams on Wednesday said nearly 300 were arrested the night before at Columbia University and City University of New York.
Century 21 Edge Launches Dedicated Commercial Real Estate & Development Services Division, Appoints Chad Creech President
ORLANDO, Fla., May 1, 2024 /PRNewswire/ -- CENTURY 21 Edge announces the significant expansion of its service offerings through the creation of a dedicated Commercial and Development Services Division, appointing Chad Creech as President. This initiative responds to the growing demand for specialized commercial real estate services and demonstrates the firm's commitment to industry leadership and client success. Chad Creech, a seasoned professional with over 25 years of experience in the commercial real estate sector, has a well-documented history of overseeing large-scale transactions.
Morguard Real Estate Investment Trust Announces 2024 First Quarter Results
MISSISSAUGA, ON, May 1, 2024 /CNW/ - Morguard Real Estate Investment Trust ("the Trust") (TSX:MRT) today is pleased to announce its 2024 First Quarter Results. In thousands of dollars, except per-unit amounts Three Months Ended March 31, 2024 2023 Revenue from real estate properties $64,398 $64,816 Net operating income 30,905 31,546 Fair value losses on real estate properties (50,223) (21,541) Net loss (36,775) (5,157) Funds from operations 1 13,419 16,278 Adjusted funds from operations 1,2 7,409 10,300 Amounts presented on a per unit basis Net loss - basic ($0.57) ($0.08) Net loss - diluted ($0.57) ($0.08) Funds from operations - basic 1 $0.21 $0.25 Funds from operations - diluted 1 $0.18 $0.22 Adjusted funds from operations - basic 1,2 $0.12 $0.16 Adjusted funds from operations - diluted 1,2 $0.11 $0.15 1.
Chinese Billionaire On A $250M Luxury Real Estate Buying Spree
When you envision billionaires living extravagant lives, a man from China who got rich by selling medical devices is probably not the first thing that comes to mind. But Xu Hang, co-founder of Chinese medical device manufacturer Mindray Medical, is on a real estate buying spree that would make a Saudi oil magnate blush. In the last few years, buyers connected to Xu have bought $250 million worth of luxury estates around the world.
What Happens If Mutual Funds Can Also Trade As Etfs?
If the SEC approves mutual fund/ETF dual shares, it might bring a big pivot for the RIA industry. : In late April, asset manager PGIM filed a request with the SEC for exemptive relief to offer its existing mutual fund shares in the form of ETFs. PGIM joins several other asset managers, including Fidelity Investments, Morgan Stanley Investment Management and Dimensional Fund Advisors, in asking for permission to offer this dual-share asset class. According to its website, PGIM operates over 70 mutual funds, ranging from PGIM Total Return Bond Fund to PGIM Jennison International Opportunities Fund.