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19 S E R V I C E P R O V I D E R S NEW WESTERN OPENS SALT LAKE CITY BRANCH New Western, a national private source of distressed residential investment properties, has opened its 45th office location in Salt Lake City, Utah. Colin Barnes will serve as General Manager of the new Salt Lake City office, alongside Regional Director Mike Lam. In his new role, Barnes is responsible for recruiting, hiring, training, and leading his team to revitalize $885 million in residential properties in the Salt Lake City area over the next five years. According to a recent report analyzing U.S. census data, there are 16 million vacant homes across the United States. New Western partners with local real estate investors to help facilitate the revitalization of properties. "Salt Lake City has seen an upward trend in the median price of homes year over year," said Kurt Carlton, Co-Founder and President of New Western. "With our unique expertise in finding and acquiring vacant properties, combined with our value-added insights, New Western is well-positioned to be a valuable resource for local real estate investors, sellers, and buyers. Our expansion into Utah marks New Western's presence in 21 states." New Western's agents are helping to address the affordable housing shortage by revitalizing distressed homes across the United States, with more than 700,000 aged properties in the Salt Lake City metropolitan area alone and 68.9% built before 2002. "I'm looking forward to growing and expanding our New Western team in Salt Lake City," Barnes said. "e metropolitan area is rated a top-tier market for multiple offer situations, providing New Western with the unique opportunity to provide much-needed housing inventory to both local investors and sellers." Barnes began his career with New Western in 2019 in its Denver Central office as a Sales Agent, where the team led market sales totaling more than $1.02 billion for the past three years. STREAM REALTY PARTNERS PROMOTES ADAM JACKSON TO CIO Stream Realty Partners, a national real estate services, development, and investment firm, has named its first-ever CIO on the heels of closing its fourth and largest-to-date opportunistic discretionary real estate fund. Executive Managing Director of Investment Management Adam Jackson has been promoted to the new role effective immediately. Jackson joined the firm in 2008, working in various aspects of the business before launching the investment management platform in 2015. Jackson has led approximately $4 billion in acquisitions and developments totaling 30-million square feet. In his new role, Jackson will continue to oversee the firm's investment initiatives, including directing its investment strategies, managing its fully discretionary investment funds, and the origination of key partner relationships. "Since Adam was charged with leading our investment management platform, he has built out a world-class team of investment professionals and integrated that team seamlessly into Stream's 14 local offices around the country," said Lee Belland, Stream Realty Partners' Co-General Partner and Co-Founder. "He has worked tirelessly to create one of the most unique real estate investment platforms that combines deep local market knowledge with capital markets expertise to achieve unparalleled results for our clients, investment partners, and employees." Under Jackson's leadership, the investment management team manages four discretionary funds totaling over $1.6 billion of equity. To support the efforts, the team has doubled its headcount over the last two years to include dedicated accounting, marketing, asset management, and construction teams and an expanded investment committee. "I'm proud of the success Stream has realized throughout our investment business," Jackson said. "We take a fundamentals-based approach to our investment strategies by utilizing the market knowledge across our platform, with a targeted focus of investing into the intersection of tenant and investor demand. What started as a realization that we could be a nimble investment manager has grown into a fully integrated investment and operating company poised to capitalize on dislocations in the market. Our track record has enabled our business to continue to grow, and we are grateful to our partners for the trust they've placed in us." PRETIUM GROWS ITS REAL ESTATE TEAM Pretium, a specialized investment firm with approximately $50 billion in assets under management, has announced that Frank Garcia has joined the firm as Managing Director and Head of Fund Portfolio Management for the company's real estate platform. In this role, Garcia will spearhead portfolio management for Pretium's single-family rental (SFR) fund strategy, while engaging and informing the firm's global client relationships. "Frank is deeply respected by his clients and brings substantial portfolio management expertise on a national scale to our industry- leading SFR platform," said Don Mullen, Founder and CEO of Pretium. "As we continue to strategically grow our real estate investment platform, we are also thoughtfully enhancing the ways in which we manage and optimize Movers & Shakers "I'm looking forward to growing and expanding our New Western team in Salt Lake City. The metropolitan area is rated a top-tier market for multiple offer situations, providing New Western with the unique opportunity to provide much-needed housing inventory to both local investors and sellers." —Colin Barnes, General Manager, New Western's Salt Lake City Office