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RUME Launches Multifamily Capital Income and Growth Fund I

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RUME USA, a vertically integrated real estate investment firm targeting multifamily assets in strategic markets within the United States, announced today the launch of its RUME Capital Income and Growth Fund I. The Fund will leverage RUMEs CORR (Community Occupied Rapid Renovation) strategy, which the firm believes to be one of the most innovative, exciting, and successful value-add strategies in the sector.

Our success is based on RUMEs fully integrated platform which allows us to manage all aspects of our real estate portfolio as we dont outsource any critical component of the process, said D. Nathan Reichard, a Principal at RUME and a longtime real estate entrepreneur. By owning and managing all of our projects, a foundation is built that is integral to our ongoing commitment to process, innovation by technology and organizational culture. Currently, we see great opportunities in the multifamily sector, even amidst Covid-19. Our goal in launching this Fund is to allow our investors to capitalize on the multifamily asset class with what we believe will be extremely attractive yields.

The Fund is targeting $50 million to $75 million for projects beginning in 2020 through 2023. RUME anticipates investing the proceeds in multifamily housing developments located in strategic Metropolitan Statistical Areas (MSAs) that have long been among the most resilient asset classes in real estate, according to the firms ongoing strategic real estate fundamental analyses which continually track the path of progress and opportunity across the United States.

These projects may include opportunities within Texas, Florida, Georgia, Wisconsin, Illinois, Indiana, Ohio, Kentucky, and Arizona “ in RUMEs view, all desirable, robust, and growing multifamily markets.

The need is clear, and we believe our process can provide consistent value for our investors, said Carl Schirtzinger, a Principal at RUME. We are excited to apply our CORR process and expertise to the Funds investments.

The CORR strategy utilizes a process that enables RUME to renovate up to four units in a single day, concurrent with improvements to the exterior and amenity areas. RUME believes this commitment to process, technology and organizational culture is key to its tremendous success to date “ since its founding, RUME has acquired 23 projects totaling more than 4,500 units.

Having successfully implemented our CORR process and innovative operating system to manage projects, we feel we have developed a sector-specific business intelligence and process that is second to none, Reichard said.

One differentiator RUME finds unique is the personal touch the firm brings to all of its projects. Added Schirtzinger, For our tenants, we set the expectation to under-promise and over-deliver. On several occasions, our residents have expressed overwhelming appreciation for the improvements and are pleased by the speed and convenience for which it is executed.

For more information, please visit: www.rumeusa.com.

Headquartered in Chicago, RUME USA is a vertically integrated real estate investment firm targeting multifamily assets in strategic markets throughout the United States. Its founding principals have a wide breadth of diverse real estate experience over their respective entrepreneurial journeys and since 2010 have created a set of value creation strategies that they believe to be reliable, profitable, and, most importantly, scalable while mitigating risk. Since 2010, RUME has owned, managed, and re-positioned nearly 4,500 units across the country utilizing one of the most innovative in-house strategies (Community Occupied Rapid Renovation, or CORR) to enhance the value to its multifamily assets. RUMEs advanced technology platform and business operating system enables it to renovate an apartment community at four units per day without occupancy interruption. www.rumeusa.com

Disclaimer

This release does not constitute an offer to sell or the solicitation of an offer to buy securities, which would only be accomplished through definitive legal documentation. Certain information contained in this release constitutes forward looking statements, which can be identified by the use of forward looking terminology such as may, will, should, expect, anticipate, project, target, estimate, intend, continue, or believe, or the negatives thereof or other variations thereon or comparable terminology. These statements are not guarantees of future performance and undue reliance should not be placed on them.

For additional information contact:

D. Nathan Reichard, Principal and Co-Founder

[email protected]

630-635-8770

Greg Sexton

[email protected]

480-688-0766

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Zane Morton to oversee DHL Global Forwarding in New Zealand and Fiji

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  • The logistics veteran brings four decades of DHL experience to the key role in the South Pacific

SINGAPORE – Media OutReach – 1 December 2020 – As the business in DHL Global Forwarding New Zealand and Fiji continue on its growth trajectory, the freight specialist of the Deutsche Post DHL Group officially appoints Zane Morton as Managing Director for these two countries in the South Pacific effective today. Having built an illustrious career with the Group spanning almost four decades, Morton will lead the operations in New Zealand and oversee the growth of the business in Fiji, managed by Country Manager Ray Viegas, who will report to him.

[View Image]

 

“Across his many different roles and responsibilities, Zane has proven himself to be a respected leader, who is customer-oriented in his outlook and finely attuned to developments in the logistics and freight forwarding industry. We are confident he will help our businesses in New Zealand and Fiji reach greater heights amidst the current challenging microenvironment and augment existing synergies between our operations in New Zealand and Fiji,” said Charles Kaufmann, CEO, DHL Global Forwarding North Asia South Pacific.

 

New Zealand’s exports grew 58.6% in the last decade between 2009 and 2019. DHL Global Forwarding is optimistic about the growth potential in the market and considers perishables, life sciences and healthcare, amongst others, as promising areas that the company would further develop.

 

Reporting to Kaufmann in this new role, Morton said, “I’m acutely aware that I’m taking on the role at a very interesting time. In the short term, the industry will face a massive undertaking of delivering an unprecedented volume of more than 10 billion doses of vaccines worldwide; at the same time, DHL Global Forwarding is undergoing a digital transformation with the rollout of myDHLi in accordance to the Group’s Strategy 2025 to futureproof the organization and improve operational excellence in the long term. I am excited to lead the teams in New Zealand and Fiji to take on these challenges and leverage the opportunities to bring the business to greater heights.”

 

DHL recently published a white paper on securing a stable supply chain for vaccines and medical goods during health crises and how the transport of vaccines as a highly temperature-sensitive product can be managed effectively to combat the further spread of the COVID-19 virus. The global logistics leader has been serving the life science and healthcare sector for over 20 years, shipping all sorts of pharmaceutical and medical-related products, including vaccines and therapeutics, worldwide.

 

Morton first joined DHL in New Zealand in 1983 and held various positions during his career, including Operations Management, Country Sales & Marketing Manager, Country Ocean Freight Manager and Wellington Branch Manager. In 2006, he relocated to Dubai where he was the Regional Marketing and Sales Manager for DHL Middle East and Africa for DHL Global Forwarding. He returned to New Zealand in 2011 and was appointed Head of Ocean Freight in 2012, and subsequently named Head of Sales in 2015.

 

Note to editors:

The New Zealand- Europe FTA represents an opportunity to gain better access to the bloc’s almost 500 million consumers through lower tariffs, and new multi-modal shipping options could also lead to even more savings for importers. Read more on DHL’s Logistics of Things.


DHL – The logistics company for the world

DHL is the leading global brand in the logistics industry. Our DHL divisions offer an unrivalled portfolio of logistics services ranging from national and international parcel delivery, e-commerce shipping and fulfillment solutions, international express, road, air and ocean transport to industrial supply chain management. With about 380,000 employees in more than 220 countries and territories worldwide, DHL connects people and businesses securely and reliably, enabling global sustainable trade flows. With specialized solutions for growth markets and industries including technology, life sciences and healthcare, engineering, manufacturing & energy, auto-mobility and retail, DHL is decisively positioned as “The logistics company for the world”.

DHL is part of Deutsche Post DHL Group. The Group generated revenues of more than 63 billion euros in 2019. With sustainable business practices and a commitment to society and the environment, the Group makes a positive contribution to the world. Deutsche Post DHL Group aims to achieve zero-emissions logistics by 2050.

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Blake Dair Announces New Managing Partner

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SINGAPORE – Media OutReach – 1 December 2020 – Blake Dair Consulting Pte Ltd, the Singapore based front office trading and technology specialist recruitment company, would like to announce that Nafisa Manasawala will be appointed as Managing Partner of the business from 1st December 2020.

Nafisa has more than 20 years experience in top tier banking as a successful private banker, executive search recruiter and internal talent acquisition specialist. She has worked with banks like Merrill Lynch, Standard Chartered, Credit Suisse and Morgan Stanley. Nafisa combines team management experience with hands-on recruitment experience and deep business understanding, making her a trusted strategic partner in talent management and acquisition.

Nafisa commented, “I am excited to join an established recruitment firm such as Blake Dair Consulting and keen to contribute to the growth of the company through exceptional client service and candidate advisory. My first priority is to build the team selectively, to deepen our experience pool and enhance our market reach.”

“Nafisa joining is fantastic for the team at Blake Dair,” says James Ient, the Founding Shareholder. “The experience Nafisa brings to Blake Dair really helps us achieve our objective of being the preferred employer and preferred vendor in this sector.”

Blake Dair Consulting is a specialist recruitment firm operating in Singapore since 2011 that services clients with roles in Japan, Hong Kong, Malaysia and Singapore in Front Office, Trading and Trading Technology.

+65 67213050

[email protected]

www.bdc.sg

 

Employment Agency License: 11C2852

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Salaries set to rise in 2021, but employers in the Philippines signal increased caution, says Mercer survey

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  • Companies forecast a 5.6% overall increase in salaries for 2021, but more than half say they expect changes to salary increment levels.
  • Nearly seven in 10 companies have implemented a hiring freeze
  • 14% of companies expect lower bonus payouts for 2021, with one in two stating it is too early to tell

MANILA, PHILIPPINES – Media OutReach – 1 December 2020 – Salaries in the Philippines are projected to increase in 2021 despite the economic fallout from the coronavirus pandemic. Companies in the Philippines are forecasting an average 5.6% overall increase in salaries for 2021, up from 5.3% this year.

 

This is according to the annual Philippines Total Remuneration Survey (TRS) 2020 by Mercer, a global consulting leader in talent, health, retirement, and investments. The survey polled 416 companies across multiple industries in the Philippines between April and June this year, with additional surveys conducted in July and August in light of the fast-changing market environment.

 

The projected salary increments come on the back of an uncertain economic outlook for the Philippines, with Gross Domestic Product (GDP) expected to contract by 8.3% this year. While growth is expected to rebound to 6.5% [1]in 2021, downside risks such as a slower-than-expected global recovery that could weigh heavily on trade and investment, have resulted in caution among companies.

 

Floriza Molon, Mercer’s Career Business Leader for the Philippines said, “Due to the uncertainty, more than half of the companies have indicated that they will delay the increase of salaries or revise salary increment levels. With sustained pressure on businesses to keep costs down, we see that companies are taking a cautious approach with regards to salary budgets.”

 

Across industries surveyed, the Chemical industry is expected to see the biggest rebound in salary increments at 5.5% in 2021, up from 3.9% in 2020. The Consumer, Life Sciences, Energy as well as Retail and Wholesale industries also saw slight increases compared to last year.

Ms Molon added, “While the salary increase budget remains stable in spite of the pandemic, what we are seeing is that companies are increasingly prudent with their compensation policies as well as the allocation of the salary budget. Some of the considerations include how business-critical the roles are, the potential and performance of the employees, flight risk and availability of jobs in the market.” 

Variable Bonuses for 2020 remained stable, but decreases expected in 2021


Overall, average budgeted bonuses for 2020 dipped slightly at 16%, compared to 17% in 2019. The Life Science industry saw the highest increase at 23% compared to 20% in 2019, while bonus payouts decreased in the Consumer, Logistics and Shared Services & Outsourcing industries.

Ms Molon said, “91% of companies provided bonuses in 2020, reflecting their strong performance in 2019. However, we foresee a decrease in bonus payout in 2021 due to the uncertain economic environment.”

Looking ahead, 14% of companies expect the bonus payout for 2021 to be less than the previous year, while 50% say it is too early to tell. Only 8% of companies expect budgeted bonuses to increase in 2021.

With the cautious business outlook, recruitment efforts are expected to slow in the year ahead. 69% of companies in the Philippines indicated that they have imposed a hiring freeze in 2020, with 10% reducing headcount due to the pandemic.

Embracing Flexible Working


The survey has also seen a shift to remote working arrangements among companies in the Philippines. 67% of the organization have implemented remote working arrangements in response to the COVID-19 outbreak with 58% projecting that employees will be more likely to use flexible working arrangement post-pandemic.

Teng Alday, Mercer’s CEO for the Philippines said, “Companies in the Philippines have successfully implemented flexible work arrangements amid the pandemic, with only 14% of companies stating a decrease in the level of productivity. We foresee more employers embracing flexible working arrangement which provides an opportunity for companies to review their compensation and total rewards packages more holistically to adopt variable pay and other reward initiatives such as work-from-home allowances to recognise and retain critical talent.

“As the financial impact of the pandemic continues to play out, companies are taking a cautious approach in light of cost pressures and the need to protect their core business. We encourage companies to adopt strategies that balance economics and empathy as employee engagement and retention will be critical in their road to recovery.”

About Mercer’s Total Remuneration Survey

The Total Remuneration Survey, Mercer’s flagship annual compensation and benefits benchmarking study, identifies current pay practices and benefits policies, as well as budget, hiring and turnover trends for the year ahead. In addition, Mercer also conducts regular pulse surveys throughout the year to keep up with the impact of the rapidly changing business environment and compensation and workforce trends.

For more data and insights from Mercer’s Philippines Total Remuneration Survey 2020, please see here.

About Mercer

Mercer builds brighter futures by redefining the world of work, reshaping retirement and investment outcomes, and unlocking real health and well-being. Mercer’s more than 25,000 employees are based in 44 countries and the firm operates in over 130 countries. Mercer is a business of Marsh & McLennan (NYSE: MMC), the world’s leading professional services firm in the areas of risk, strategy and people, with 75,000 colleagues and annualized revenue approaching $17 billion. Through its market-leading businesses including Marsh, Guy Carpenter and Oliver Wyman, Marsh & McLennan helps clients navigate an increasingly dynamic and complex environment. For more information, visit www.mercer.com. Follow Mercer on Twitter [View Image]@Mercer.

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Editorial & Advertiser disclosureOur website provides you with information, news, press releases, Opinion and advertorials on various financial products and services. This is not to be considered as financial advice and should be considered only for information purposes. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third party websites, affiliate sales networks, and may link to our advertising partners websites. Though we are tied up with various advertising and affiliate networks, this does not affect our analysis or opinion. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you, or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish sponsored articles or links, you may consider all articles or links hosted on our site as a partner endorsed link.
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