HOUSTON, Oct. 17, 2024 (GLOBE NEWSWIRE) — Christopher Todd Capital has closed escrow on its first build-to-rent purchase in Texas, part of its nationwide expansion. Arizona-based family office and parent company of BTR innovator Christopher Todd Communities purchased The Cottage Green at 15770 Old Conroe Rd in Conroe, a recently completed 314-home community on 40 acres featuring cottages, townhomes, unique bungalows and garden homes and lofts. HMFA Houston Property Owner I, LLC was the seller. Willow Bridge was selected as the property management company due to its expertise in BTR.

“This is an exciting acquisition for us. Texas is a priority for our growth strategy and this community in particular has a unique selection of rental apartments. It also marks the debut of our new Cottage Living brand,” said Brent Long, President of Christopher Todd Capital. The Cottage Living brand reflects our interest in communities with a diversification of rental products coupled with lifestyle offerings that Christopher Todd Communities is known for.

The Cottage Green – soon to be renamed Cottage Living – offers one-, two- and three-bedroom single-story homes and two-bedroom townhouses surrounded by nature, two scenic lakes and a spa walk. On-site amenities include a lakefront beach club with grilling area, luxurious swimming pool with tanning bench, fire pits and outdoor ramada, fully equipped gym, clubhouse and conference room, electric car charging stations, private bark park, event lawn and much more. Christopher Todd Capital will invest a significant amount in improving the community to continue to create the best living experience, synonymous with Christopher Todd Communities’ solid history in the build-to-rent sector.

With this closing, Christopher Todd Capital has acquired Willow Bridge, one of the largest property management companies in the country, as property manager. “They impressed us with their technology, strong focus on resident engagement and reputation, particularly their expertise in BTR,” said Todd Wood, CEO of Christopher Todd Communities. Willow Bridge has more than half a century of premier real estate quality.

“Christopher Todd patiently monitored the market for sensible offers. In the past, we have built our own communities and worked with a national construction partner to help develop new markets. Our strategy through 2025 is to secure sites for our own development and construction opportunities and to purchase completed communities that meet our community lifestyle objectives and financial criteria,” Wood said.

“We are unique in that we have significant liquidity and deep expertise in this area. In the long term, the BTR sector is poised for significant growth, albeit with some short-term challenges. Our long-term perspective motivates us to be proactive buyers in today’s environment,” Long said.

For more information about this new Houston area community, visit Cottagelivingwoodlands.com

About Christopher Todd Capital:

Christopher Todd Capital is a private family office that owns Christopher Todd Communities, the nation’s most respected rustic BTR brand. Its roots began over 30 years ago with the founding and subsequent sale of one of the largest organic bakeries in the country. Founder Todd Wood then used this capital to fuel the creation and growth of Christopher Todd Communities. Christopher Todd Capital buys and invests in BTR and traditional multifamily properties. The company also buys distressed or distressed debt or equity or invests fresh capital in niche properties. www.Capital.ChristopherTodd.com.

About Willow Bridge:

Founded in 1965 by Mack Pogue as Lincoln Property Company, Willow Bridge Property Company is one of the most respected full-service residential real estate companies in the United States, operating a successful portfolio in 75 markets. Headquartered in Dallas, Texas, Willow Bridge proudly employs over 4,500 team members, has built over 200,000 homes, and manages over 200,000 units for its clients. To learn more, visit willowbridgepc.com.

Media contact:
Martha Moyer Wagoner
[email protected]
602-861-8006

A photo accompanying this announcement can be found at

CHICAGO (CBS) — Early Thursday morning, two people were kidnapped at gunpoint and forced to withdraw money from several ATMs in Little Village.

According to police, a man and a woman were about to enter a restaurant in the 3400 block of West 26th Street around 3 a.m. when an SUV pulled up. Five men, some with weapons, got out and entered the restaurant with the victims before stealing items.

Police said the men then forced the victims into a vehicle at gunpoint, robbed them and then forced them to withdraw money from several ATMs.

The victims were freed from the vehicle unharmed. Police said she refused medical treatment.

There were no arrests.

Elyssa Kaufman

Elyssa is a digital news producer for CBS Chicago. She reports breaking news and manages the station’s social media presence.

There were four supermoons in 2024, with the first three occurring on April 8th, August 19th (which was a blue supermoon), and September 18th. Now a fourth Super Hunter Moon will take place on October 17th. But what does it actually mean? Here’s what you need to know about the rare lunar event.

What is a Hunter’s Moon?

The “Hunter’s Moon” is a full moon that usually appears in October. Although the moon rises 50 minutes later each day, the Hunter’s Moon typically rises 30 minutes later, meaning sunset and moonrise are closer together than normal.

“This means there are longer periods of light at this time of year, which is why these moons are traditionally used by hunters and farmers to get their work done,” explains Universe Today. This light traditionally made October the peak hunting season, hence the name.

What does a hunter’s moon look like?

According to EarthSky author Deborah Boyd, it is the proximity to the horizon that gives the Hunter’s Moon its warm color. “The orange color of a moon near the horizon is a real physical effect,” explains Boyd. “This is because when you look toward the horizon you are looking through a greater thickness of the Earth’s atmosphere than when you look up and over your head. The atmosphere scatters blue light – that’s why the sky looks blue. The greater thickness of atmosphere toward a horizon scatters blue light most effectively but allows red light to pass through to your eyes. Therefore, a full moon near the horizon – any full moon near the horizon – takes on a yellow, orange or reddish hue.

What is a Super Hunter Moon?

The moon will look even bigger and brighter this year as it coincides with a supermoon. A supermoon occurs when the moon is at its closest point to Earth during its orbit. This causes the moon to appear about 14% larger in the sky, which is why the Hunter’s Moon will also look particularly impressive this month. And if you miss it? The next supermoon is predicted for November 14th, when we can expect the largest full moon of the year.

What does the supermoon mean for me?

Despite the name, the supermoon does not have a super effect on us. “The effects of a supermoon are imperceptible and far smaller than in other everyday situations, such as near a mountain or even a large building,” says astronomy expert Larry Sessions.

So we won’t keep our fingers crossed that miraculous superpowers will be discovered.

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The American Forest Foundation (AFF) recently announced that the nonprofit will host the first nature-based carbon credit auction in the U.S. early next year.

In February 2025, buyers will be able to bid on premium carbon credits from four projects through the Family Forest Carbon Program, an initiative that connects landowners with technical and financial resources to more sustainably manage private forest lands.

“We are trying to address several vulnerabilities that exist in the current voluntary market for buyers of carbon credits, but also for landowners who want to participate in the market,” Nate Truitt, executive vice president of climate finance at the American Forest Foundation, said Yahoo Finance. “And we’re also trying to close a really significant funding gap for natural climate solutions, a gap that we need to close globally if we want to stay at a 1.5 or even two degree scenario.”

Price volatility, market inefficiency and a crisis of credibility in the voluntary carbon market – along with the AI ​​boom and other factors – have contributed to companies recently backing away from their net-zero pledges. Companies like Shell (SHEL), Microsoft (MSFT) and Crocs (CROX) have missed, delayed or weakened their sustainability goals in recent years.

Truitt expects interest in the auction from companies in sectors such as consumer goods that produce high emissions or are relatively less active in carbon markets but have decarbonization strategies. He also expects some interest from universities.

Among companies buying carbon credits, Microsoft dominates after setting an ambitious goal in 2020 to become carbon negative within a decade. Other Big Tech companies like Amazon (AMZN) and Google (GOOG, GOOGL) are consistent buyers. However, Truitt doesn’t expect Big Tech companies to ultimately participate in this auction because they already employ large procurement teams.

Instead, Truitt sees the auction as attracting “the next wave of carbon credit buyers,” made up of players who currently need to navigate confusing spot markets, sift through individual carbon credit offers or enter into long-term purchase contracts in a largely unregulated market.

“We’re hoping that by reducing those transaction costs and the associated friction … we can get some of those buyers to come to the table,” Truitt said.

AFF auctions carbon credits for two types of projects. The first goal is to improve forest management and carbon sequestration on 90,000 acres of land from Maine to Alabama, owned by 700 family landowners involved in the project. The second and more recent project pays ranchers and range owners in Georgia to plant trees on 1,500 acres of land.

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Another feature of the AFF auction will be a pre-financing mechanism. Companies not only bid on the number and price of carbon credits to be delivered at a later date, but also set a percentage they are willing to pay in return for a discount.

According to reporting platform CDR.fyi, buyers have spent around $3 billion on permanent carbon removal credits since October 2019; However, the market could grow faster with better access to low-cost financing.

Truitt emphasized that many projects are ready to start. However, because these projects involve higher risk – natural disasters and changing rules for offsets increase uncertainty – they often find it difficult to obtain credit.

If successful, the AFF hopes its auction design can be used by other carbon market participants and remove barriers to these transactions.

“We are not solving climate change, but we are trying to develop a tool that allows the voluntary carbon market to grow faster and produce higher quality carbon credits that buyers, investors and the general public can trust,” Truitt said.

Preserving “a messy forest.”

Tim Stout is one of the landowners involved in the project. Stout and his family own a 175-acre former dairy farm in Vermont, passed down from his great-grandfather.

He and his brother have farmed the heavily forested property for 40 years, and after evaluating various carbon projects, their family enrolled in the Family Forest Carbon Program.

The financial benefits are “pretty modest,” Stout said. “I mean, over 20 years, that’s a healthy amount,” he clarified, “but I think for … the program to really be successful, the price of carbon credits needs to go up significantly.”

AFF said it uses Verra’s verified carbon standard and its own internal methodology developed with the Nature Conservancy to verify the quality of the credits.

“A messy forest is better than a clean forest because… all the fallen trees, all the branches, all the leaf litter stores carbon,” Stout explained of how these plans have changed the way he and his family farm their land. “We are moving more and more into a kind of messy forest.”

At the same time, land management costs have “increased significantly,” Stout said.

Extreme weather events caused by climate change have driven up costs. Heavy rains and flooding in Vermont, which experienced a once-in-1,000-year rain event this summer, have eroded the foundation of Stout’s barn and caused great expense, he said. And strong winds toppled 200-year-old maple trees onto roads that had to be removed.

Funds from the auction will be used for expenses related to the management of the forest and the creation of long-term land use plans developed by landowners, state foresters and AFF advisory foresters. These plans and smart forestry techniques help forest owners like Stout increase the amount of carbon their forests can sequester.

Stout, who now sits on the AFF board, said his concerns about climate change motivated him to sign a contract with the Family Forest Carbon Program. He also feels called to preserve the forest for future generations and educate other small landowners about sustainable forestry.

“I would love it if my four-year-old grandson and two-year-old granddaughter could visit [land] when they are my age and have a healthy, robust and resilient forest that still plays a role in mitigating climate change,” he said.

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CASCADE TOWNSHIP, Mich. – A new arrival is set to land at Gerald R. Ford International Airport this winter.

Bell’s Brewery will be opening a new location in Hall B during the colder months ahead. The venue offers classic flavors like Oberon and Two-Hearted Ale, as well as seasonal options on a menu of smaller bites.

Gerald R. Ford International Airport

“Bell’s Brewery has been a popular gathering place in our community since it opened in 1985,” said Tory Richardson, president and CEO of the Gerald R. Ford International Airport Authority. “With an average of 10,000 passengers passing through our terminal daily – some of whom are first-time visitors to West Michigan – we are excited to showcase the vibrant local flavors of our region and hope all of our travelers can enjoy the diverse options available to them .”

Gerald R. Ford International Airport.

“Bell’s is proud of our Michigan roots and we love being able to bring exceptional craft beer to our communities for nearly four decades. Through this partnership, Michigan residents in the western part of the state can now experience Bell’s on new occasions,” said Carrie Yunker, Bell’s executive vice president.

There is currently no set date for the opening of the Bell location at the airport.

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The 2024-25 NBA season is here! We break down the top questions, best- and worst-case scenarios, and fantasy outlooks for all 30 teams. Enjoy!

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SAN ANTONIO SPORS

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End of 2023-24

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Off-season moves

• Additions: Harrison Barnes, Chris Paul, Stephon Castle

• Subtractions: Devonte’ Graham, Cedi Osman, Dominick Barlow

• Full roster

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The big question: Is Victor Wembanyama ready for primetime?

The NBA is embracing the Victor Wembanyama era by including the San Antonio Spurs as one of 10 teams on the Christmas list and scheduling 20 more games of the 7-foot-11 French phenom on national television.

Spurs also welcome the Wembanyama era. They viewed his rookie season as an experiment, trying to turn Jeremy Sochan into a point guard on a team full of projects, only to discover that perhaps they should surround one of the most promising prospects in league history with it some experienced leadership, especially on the ball. So they signed the best table setter of his generation.

Granted, Chris Paul will be 40 at the end of this NBA calendar year, but only three starters from last season – Tyrese Haliburton, Luka Dončić and Nikola Jokić – averaged more assists per 36 minutes than Paul did on the Golden State Warriors’ bench. Look at what the 12-time All-Star did in Oklahoma City and Phoenix, where he brought together a ton of young players and sorted them into playoff-worthy outfits.

And he has Wembanyama. The 20-year-old can be devastating from anywhere on the court, especially when he’s consistent with his 3-point shooting, and Paul can find him anywhere. At the very least, it will be fun to see the NBA try to prevent the many possible outcomes of a pick-and-roll partnership between a Hall of Fame point guard and the man with the most upside in NBA history.

And it will be fascinating to see if Wembanyama can consistently reward his opponents from all angles. He’s already the game’s most devastating defensive force. In the final month of last season, he averaged 24.1 points, 12.1 rebounds, 5.5 assists and 4.4 blocks in just 33.1 minutes per game while shooting just 44.9% from the field and 30, 1% shot from deep. It’s scary to imagine the possibilities as its efficiency increases.

We have a proof of concept. At the Olympics, Wembanyama single-handedly kept France in the gold medal game against Team USA. In other words, against one of the greatest lineups of talent the game has ever seen, Wembanyama was practically enough on his own. He will give the Spurs a chance every night.

They weren’t ready to take advantage of those opportunities last season. San Antonio is not without talent. Devin Vassell, Keldon Johnson and Sochan headline an unannounced under-25 group. No. 4 overall draft pick Stephon Castle, who led UConn to its second straight NCAA title last season, will join them. Each of them can create something for themselves and others and defend several positions.

San Antonio is counting on Harrison Barnes to bring the same level of professionalism to his wings that Paul does at the point guard position. Once the youngest member of Golden State’s death lineup, Barnes has since developed into a skilled steward, helping the Sacramento Kings regain prominence. He has a career long-range shooting percentage of 37.9% and has rarely deviated far from that mark in his 12 seasons.

Is that enough to make a splash in a crowded Western Conference? That will depend on how well Wembanyama is prepared to be in the international spotlight. At some point, he will guarantee the Spurs a spot in the playoffs. Have we reached this point so quickly? When Wembanyama shared the court with a competent point guard last season, the Spurs outscored their opponents by 5.2 points per 100 possessions, a better net rating than the 50-win New York Knicks. Step up Paul, add Barnes and introduce Castle, and maybe – just maybe – they’ll keep the pace Wembanyama sets for them for a whole season.

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Best case scenario

Wembanyama comes as a real superstar. Paul remains healthy and is committed to mentoring another young core. With the rotation now making sense, San Antonio’s young players can focus on the roles in which they excel. They understand how to complement Wembanyama and carry out their tasks more efficiently. He returns the favor and the Spurs are in the hunt for a play-in spot.

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When everything falls apart

Even a worst-case scenario isn’t so bad when Wembanyama is at the top of the list. Maybe he’s still exploring the extent of his abilities. Perhaps his young teammates will only really come to grips with their roles once he fully realizes his role as a paradigm-shifting creature. Perhaps Paul can no longer endure the rigors of a full NBA season and the Spurs will experiment again at point guard. Maybe team success is still a year away. What then? They provide another lottery pick to place alongside Wembanyama for next year’s arrival.

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Fantasy spin

If you’re lucky enough to get the first overall pick in your fantasy drafts, take Wemby. The Spurs’ signing of future Hall-of-Famer Chris Paul elevates the floor for all of their players. If you’re looking for assists and steals in the later rounds, CP3 is an underrated option in the ninth round. Unfortunately, Devin Vassell is unavailable due to a foot injury and will not be evaluated again until November 1st. He’s a risky pick in the seventh round, but if he falls beyond that, he could be an excellent temporary draft and stash player.

There is a late intrigue with Jeremy Sochan. While the point guard experiment didn’t work last season, it was a learning moment that allowed him to initiate the offense. This is important for fantasy as I can see a bit of Aaron Gordon in him. He’ll be a good rebounder and facilitator from the dunker spot, and I’m confident he’ll exceed his 12th-round ADP by playing 30 minutes a night. — Dan Titus

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Schedule 2024-25

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Believe in Wembanyama’s rise. Believe in his Spurs. Take control.

Investment management company Vulcan Value Partners recently published its investor letter for the third quarter of 2024. A copy of the letter can be downloaded here. Although the company is pleased with the results, quarterly results were mixed during the quarter. The company took advantage of stock price volatility by allocating capital to companies with better value for money. For the quarter, the fund’s large-cap composite returned a net return of 8.2%, its small-cap composite returned a net return of 9.1%, its focus composite returned a net return of 5.6%, its focus plus Composite a return of 5.9% and the all-cap composite a return of 8.1% net. For more information on the fund’s best stocks in 2024, see the top five holdings.

Vulcan Value Partners highlighted stocks like PROG Holdings, Inc. (NYSE:PRG) in its third quarter 2023 investor letter. PROG Holdings, Inc. (NYSE:PRG), based in Draper, Utah, is a financial technology holding company. PROG Holdings, Inc. (NYSE:PRG)’s one-month return was 1.39%, and its shares have gained 69.58% of their value over the past 52 weeks. On October 16, 2024, PROG Holdings, Inc. (NYSE:PRG) stock closed at $49.50 per share with a market cap of $2.095 billion.

Vulcan Value Partners stated the following regarding PROG Holdings, Inc. (NYSE:PRG) in its third quarter 2024 investor letter:

A customer stares with delight at the variety of furniture, appliances, and other items in the store.

PROG Holdings, Inc. (NYSE:PRG) is not on our list of the 31 most popular stocks among hedge funds. According to our database, there were 25 hedge fund portfolios owned by PROG Holdings, Inc. (NYSE:PRG) at the end of the second quarter, up from 18 in the previous quarter. Although we consider PROG Holdings, Inc. (NYSE:PRG)’s potential as a Recognizing investment, we believe AI stocks are more promising to deliver higher returns, within a shorter time frame. If you’re looking for an AI stock that has the same promise as NVIDIA but costs less than five times its earnings, check out our report on it cheapest AI stock.

You can also find additional investor letters from hedge funds and other leading investors on our Q3 2024 Hedge Fund Investor Letters page.

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READ MORE: Michael Burry is selling these shares And A new dawn is dawning for US stocks.

Disclosure: None. This article was originally published on Insider Monkey.

U.S.-listed shares of Taiwan Semiconductor Manufacturing Company (TSM) rose 9.6% in premarket trading, putting the stock at an all-time high after its third-quarter earnings beat analysts’ estimates. TSMC posted a 54% jump in profits and raised its full-year revenue forecast.

TSMC makes chips for Nvidia (NVDA) and its competitor Advanced Micro Devices (AMD), as well as Broadcom (AVGO) and many other technology companies. Nvidia shares rose 3%, AMD rose 2.7% and Broadcom rose 2.8% premarket on the news.

Here’s a look at TSMC’s results:

• Adjusted earnings per share of 12.54 New Taiwan dollars ($0.39) versus NT$11.55 ($0.36) expected

• Sales of 759.7 billion New Taiwan dollars (US$23.5 billion) versus expected NT$751.1 billion (US$23.3 billion).

The rally in chip stocks is partially recouping the sector’s losses from earlier this week, sparked by fears about possible further U.S. trade restrictions and a gloomy report from semiconductor equipment maker ASML.

Analysts from Needham, Bernstein, Barclays and other investment firms reiterated their buy ratings on TSM stock Thursday morning. Of the Wall Street analysts covering the company tracked by Bloomberg, about 23 recommend buying the stock, while only one analyst has a hold rating.

Analysts on average expect the stock to rise to about $217 each of the next 12 months, according to Bloomberg data.