American South Fund Management Invests $13.5M into South Carolina Workforce Housing Development

Preserve At Hanover Park

Preserve At Hanover Park

BEAUFORT, S.C.April 18, 2024PRLog — American South Fund Management (“ASFM”), has provided the joint venture of Portage Properties, LLC, Piedmont Private Equity and Mid-Atlantic Capital with $13.5 million of preferred equity for the development of The Preserve at Hanover Park, a 280-unit workforce housing community now under construction in Beaufort, SC.

ASFM, a joint venture between SDS Capital Group and Vintage Realty Company, made the investment through its $174 million American South Real Estate Fund II, which provides preferred equity and equity financing for real estate sponsors with projects located emerging low- and moderate-income neighborhoods in 10 Southern states (Alabama, Arkansas, Florida, Georgia, Louisiana, Mississippi, North Carolina, South Carolina, Tennessee and Texas). Through ASREF II and its predecessor fund ASREF I, ASFM to date has collectively committed over $138 million to 23 projects, financing 5,429 housing units – 79% of them affordable to families at less than 80% of the AMI.

The Preserve at Hanover will feature a mix of one-, two- and three-bedroom apartment homes housed in eight garden-style residential buildings on a nearly 20-acre site at 139 Robert Smalls Parkway.

Unit interiors will feature high-end finishes, stainless steel appliances, smart-home technology, and in-unit washer/dryers. Common area amenities include state-of-the-art fitness center, resort-style swimming pool and pickleball courts. When completed, the Portage-led joint venture will deliver the $75 million high-quality housing community to low- and moderate-income households earning 115% or less of the area median income (“AMI”).

This is the third investment ASFM has made with Piedmont and Portage, and now with the additional partners of Mid-Atlantic Capital. Collectively, the financing relationship has constructed 760 workforce and affordable multifamily units.

“ASFM has been key partner in our success, enabling us to continue building quality workforce housing units across the South,” said Walter Hall, Managing Member of Piedmont Private Equity. “All of our partners in the Preserve at Hanover Park are enabling us to bring much-needed high-quality for-rent housing to the community of Beaufort.”

According to a study by Beaufort County, half the renters in the county are rent burdened (defined as paying more than 30% of their income towards rent) with approximately one in five households severely so, which means they are paying more than 50% or more on rent and utilities. Many of these families are living in the city of Beaufort, according to, Deborah La Franchi, ASFM Managing Partner.

“Our mission is to deploy capital to stimulate the development of not just quality rental housing, but housing that is affordable to working class Americans,” she said.

“We are financing affordable and attainable housing units in communities that have a deep desire for this housing yet confront a stagnant supply within their communities,” added David Alexander, ASFM (https://asref.com) Managing Partner.

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Hilton and American Express Introduce Enhanced Hilton Honors American Express Business Card with Rewards and Benefits to Help Business Owners Elevate Their Travel

MCLEAN, Va. & NEW YORK – WEBWIRE

Hilton (NYSE: HLT) and American Express (NYSE: AXP) introduced the enhanced Hilton Honors American Express Business Card, featuring new benefits and up to $240 each year in annual statement credits on eligible Hilton purchases, along with a simplified rewards structure to earn Hilton Honors Bonus Points wherever Card Members spend. The updated Card enables Card Members to use their business purchases to fuel future Hilton stays, all with the powerful backing of American Express.

At Hilton, we understand the importance of small and medium-sized businesses and are committed to providing unique offerings for business owners and travelers, said Mark Weinstein, chief marketing officer, Hilton. Together with American Express, were proud to unveil the newly-refreshed Hilton Honors American Express Business Card, that makes Card Members Hilton stays especially rewarding. Our Card benefits can elevate business owners travel experiences the accelerated points earned can be redeemed for work trips or unforgettable dream getaways.

American Express and Hilton have partnered for over 70 years to provide elevated service and benefits for our business customers, said Eva Reda, executive vice president, Global Commercial Services Products at American Express. Business owners have challenging, around-the-clock jobs, and they need rewards that can be used for business trips to meet with clients, suppliers, or team members or that can be used for personal trips to recharge and find new inspiration. The enhanced Hilton Honors American Express Business Card is designed to help Card Members balance work and life, rewarding business owners across both.

Rewarding, Flexible Benefits for Everyday Business Spend and Elevated Travel

Now with a sleek metal design, the newly enhanced Hilton Honors American Express Business Card provides accelerated ways for Card Members to earn rewards, an important need particularly for small businesses.

  • Earn 12X Hilton Honors Bonus Points for each dollar of eligible purchases charged on your Hilton Honors Business Card directly with a hotel or resort within the Hilton portfolio
  • (NEW) Earn 5X Hilton Honors Bonus Points on other purchases made using the Card on the first $100,000 in purchases each calendar year, 3X Points thereafter
  • (NEW) Earn up to $240 back each year on eligible Hilton purchases made on your Card, with up to $60 in statement credits per quarter
  • (NEW) Complimentary National Car Rental Emerald Club Executive status. Enrollment in the complimentary Emerald Club program is required. Terms apply.
  • Enjoy Complimentary Hilton Honors Gold status, with perks like an 80% Bonus on Base Points you earn on every stay, space-available room upgrades at select properties, and more
  • Upgrade to Hilton Honors Diamond status through the end of the next calendar year by spending $40,000 on eligible purchases on your Card in a calendar year to enjoy benefits like a 100% Bonus on Base Points you earn on every stay, premium Wi-Fi at select properties, and more

In addition to these benefits, the Hilton Honors American Express Business Card offers a number of built-in features that help small businesses seamlessly manage their accounts. Employee Cards can also be addedwith no annual membership fee.

With these new benefits, the Hilton Honors American Express Business Card will have an annual fee of $195 starting March 28, 2024. New Card Members can take advantage of a limited time welcome offer valid from March 28 June 5, 2024, to earn 175,000 Hilton Honors Bonus Points after spending $8,000 in eligible purchases on their new Card in their first six months of Card Membership. Terms apply.

The enhanced Hilton Honors American Express Business Card follows the recently enhanced Hilton Honors American Express Surpass and Aspire Cards, announced in October 2023 to consumer Card Members.

For more information, including terms and conditions, about the Hilton Honors American Express Business Card, visit here.

About Hilton

Hilton is a leading global hospitality company with a portfolio of 22 world-class brands comprising more than 7,500 properties and nearly 1.2 million rooms, in 126 countries and territories. Dedicated to fulfilling its founding vision to fill the earth with the light and warmth of hospitality, Hilton has welcomed over 3 billion guests in its more than 100-year history, was named the No. 1 Worlds Best Workplace by Great Place to Work and Fortune and has been recognized as a global leader on the Dow Jones Sustainability Indices for seven consecutive years. Hilton has introduced industry-leading technology enhancements to improve the guest experience, including Digital Key Share, automated complimentary room upgrades and the ability to book confirmed connecting rooms. Through the award-winning guest loyalty program Hilton Honors, the more than 180 million members who book directly with Hilton can earn Points for hotel stays and experiences money cant buy. With the free Hilton Honors app, guests can book their stay, select their room, check in, unlock their door with a Digital Key and check out, all from their smartphone. Visit stories.hilton.com for more information, and connect with Hilton on Facebook, Twitter, LinkedIn, Instagram and YouTube.

About Hilton Honors

Hilton Honors is the award-winning guest loyalty program for Hiltons world-class brands comprising nearly 7,500properties in 126 countries and territories.Hilton Honors members who book directly through preferred Hilton channels have access to instant benefits, including a flexible payment slider that allows members to choose nearly any combination of Points and money to book a stay, an exclusive member discount and free standard Wi-Fi. Members also have access to contactless technology exclusively through the industry-leadingHilton Honors app, where members can check in, choose and access their roomusing Digital Key. Hilton Honors offers its more than 180 million members hundreds of ways to earn and redeem Points, including with select co-branded credit cards.Members can redeem Points for free nights, purchases on Amazon, exclusive experiences, charitable contributions and more. The program is free to join and travelers can enroll online at hiltonhonors.com. Learn more about Hilton Honors atstories.hilton.com/hiltonhonors, and follow Hilton Honors on Facebook, Twitter and Instagram.

About American Express

American Express is a globally integrated payments company, providing customers with access to products, insights and experiences that enrich lives and build business success. Learn more at americanexpress.com and connect with us on facebook.com/americanexpress,instagram.com/americanexpress,threads.net/@americanexpress,tiktok.com/@americanexpress,  linkedin.com/company/american-express, twitter.com/americanexpress, and youtube.com/americanexpress.

Key links to products, services and corporate responsibility information: personal cards, business cards and services, travel services, gift cards, prepaid cards, merchant services, Accertify,Business Blueprint, Resy, corporate card, business travel, diversity and inclusion, corporate responsibility and Environmental, Social, and Governance reports

American Law Society Recognizes Alec Allen Ross

 The American Law Society proudly announces the addition of Alec Allen Ross, Founder and Trademark Attorney at The Trademark Place, to its prestigious ranks of America’s Top Lawyers. Handpicked by the esteemed American Law Society Board, Ross’s selection underscores his outstanding professional track record, legal expertise, and commitment to the highest ethical standards expected of esteemed lawyers.

With six years of experience, Alec Allen Ross has made a significant impact in the field of Intellectual Property and Trademarks. His passion for intellectual property law and dedication to client service have garnered him recognition, making him a prominent figure in the legal community.

Ross’s legal career began with years of service as a trademark attorney and managing attorney at the largest trademark law firm in the United States. Motivated to enhance the client experience, he founded The Trademark Place, emphasizing simplified processes through flat fee pricing and a commitment to world-class service.

In addition to his legal achievements, Ross brings a diverse background to his practice, having served as a Peace Corps volunteer in Mali, West Africa. His professional journey includes roles as a graphic designer, marketing specialist, and writer.

“We are delighted to welcome Alec Allen Ross to the American Law Society. His dedication to intellectual property law, extensive experience, and positive impact on the legal community make him a valuable addition to America’s Top Lawyers,” states Valerie Arnold, a member of the American Law Society Board.

Ross, admitted to practice in both Florida and Iowa, has demonstrated his commitment to excellence in the legal field. The American Law Society’s Board of Directors is confident that Alec Allen Ross will continue to contribute significantly to the legal community and eagerly anticipates his future accomplishments.

American Law Society
Valerie Jacobs
888-359-1368
http://www.americanlawsociety.com

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  • Legal & Law

American Law Society Recognizes Daniel Rudoy

 The American Law Society proudly announces Mr. Daniel Rudoy’s induction as a distinguished member among America’s Top Lawyers by the esteemed American Law Society Board. This recognition underscores Mr. Rudoy’s exceptional professional trajectory, his prowess in legal practice, and his adherence to the highest ethical standards expected of esteemed legal professionals.

As a Founding Partner at AR Law Group and Principal of Southeastern Title Company LLC, Mr. Rudoy specializes in Real Estate Law, Business, Residential and Commercial Closings, HOA/Condo Law, and Landlord/Tenant Law. Proficient in both English and Russian, Mr. Rudoy has been a resident of South Florida since 1994. He commenced his legal journey as a title agent and subsequently became the owner of a title company, amassing over 20 years of expertise in intricate title matters and resolutions.

Throughout his career, Mr. Rudoy has effectively closed numerous residential and commercial transactions across the State of Florida. Mr. Rudoy represents individuals, corporations, and developers in various real estate transactions, including acquisitions, development, and financing. His extensive expertise extends to handling complex real estate transactions, business transactions, commercial lease preparations, formation of corporations and limited liability companies, as well as resolving disputes in areas such as real estate and landlord-tenant matters.

In addition to his legal practice, Mr. Rudoy contributes invaluable assistance to all parties involved in disputes related to HOA or Condominium Law at AR Law Group PLLC. His guidance and research aid in navigating legislation governing maintenance, damage, and repairs in these matters.

“We are honored to welcome Mr. Daniel Rudoy to our esteemed organization. His unwavering commitment to excellence, wealth of experience, and positive influence on the legal community make him a significant addition to America’s Top Lawyers,” states Valerie Arnold, a member of the American Law Society Board.

The meticulous selection process of the American Law Society’s Board of Directors ensures that only lawyers with a history of greatness and consistency are chosen. Mr. Rudoy’s inclusion exemplifies the privilege of having exceptional legal professionals contribute to the organization.
“We eagerly anticipate Mr. Rudoy’s continued career progression and are exceptionally excited to witness his future contributions to the legal community,” adds Valerie Arnold.

Mr. Rudoy’s educational background includes a Juris Doctor degree from the Benjamin L. Crump College of Law at St. Thomas University, a Master of Arts in National Security Policy Studies from Nova Southeastern University, and a Bachelor of Arts in International Relations & Affairs from Florida International University. He is admitted to practice in the United States Supreme Court, affirming his dedication to his professional pursuits.

American Law Society
Valerie Jacobs
888-359-1368
http://www.americanlawsociety.com

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  • Legal & Law

American Express Chairman and CEO Stephen J. Squeri Talks The American Express™ 2024 PGA TOUR Golf Tournament with CNBC

WEBWIRE

During The American Express 2024 Golf Tournament, American Express Chairman and CEO Stephen J. Squeri joined CNBCs Halftime Report for an interview at the long-standing event in La Quinta, California.

In its 65th year, and Amexs fifth year as title sponsor, the tournament continues to bring together top-ranked professional golfers, fans, and business clients, while also supporting local small businesses and the Coachella Valley community.

Since its inception in 1960 as the Palm Springs Golf Classic, The American Express has donated more than $65 million in charitable funds to non-profits, including the over $1 million Amex is giving to support the local communities this year.

Throughout the tournament, fans could watch their favorite professional and amateur players tee off and enjoy refreshments from small businesses, as well as special musical performances from Keith Urban and Train. Amex also hosted a womens executive leadership conference for local business owners and a community day for colleagues.

We try to get involved with sponsorships where our Card Members can have an experience like no other, said Squeri. Its not about just putting our name on an event; its about creating an experience with that property.

Click the video above to watch the full interview and visit here to read more on CNBC.1

1References to American Express monthly credit statistics 8-K filed, refer to the preliminary fourth-quarter average rates referenced in the filing.