Page 8 - RE-NJ May 2020
P. 8

6 MAY 2020
HAMPSHIRE RETAIL, SELF-STORAGE
REIT NOW TRADING IN SINGAPORE
climate-controlled self-storage facilities across densely populated and affluent markets throughout the northeastern U.S. The portfolio had a value of $599.2 million as of the listing date in April, the Morristown- based firm said, while the listing marks Asia’s first U.S.-based grocery- anchored shopping center and self- storage REIT.
Singapore Exchange, or SGX, welcomed United Hampshire US REIT under the stock code ODBU.
“We are delighted to successfully list on the Mainboard
of SGX,” said Robert Schmitt, CEO of United Hampshire
US REIT Management Pte. Ltd. “We thank
all investors who have put their confidence in our unique portfolio which we believe to be recession- resistant and cycle-agnostic, and provides a stable cash flow from long leases with strong leasing momentum.
and Safari share the same emphasis, approach and commitment to moving organizations forward securely, safely and efficiently.
Through S2 Technology Solutions and our combined strengths,
we are able
to fortify,
accelerate
and scale our
technology offerings for our clients.”
Based in Clifton, Sax is one of the top accounting firms serving New Jersey’s
“This is just the beginning
of our journey and we will focus on enhancing the REIT’s portfolio through acquisition and enhancement opportunities to generate sustainable long- term distribution growth for our Unitholders.”
United Hampshire US REIT is now one of 45 REITs and property trusts listed on SGX.
“As Asia’s global REITs hub, we
are delighted to welcome United Hampshire US REIT to our growing family of REITs with international assets,” said Mohamed Nasser Ismail, global head of equity capital markets for SGX. “This latest
listing brings the total number of U.S.-focused REITs on SGX to six, demonstrating continued investor interest in U.S. real estate. The United Hampshire US REIT offers investors an opportunity to diversify into new sectors.
“In the U.S., consumer retail spending continues to be robust with brick-and-mortar presence a key part of retailers’ omni-channel strategy, while self-storage is also one of the fastest-growing sectors.”
commercial real estate sector.
The company said S2 Technology Solutions will provide services like cloud migrations and operations, disaster recovery, managed services, business continuity, cybersecurity, enterprise architecture, technology strategy development and project and vendor management.
“Safari Solutions has a proven 20-plus-year history of supporting organizations by navigating them through a maze of solutions to determine the right strategic engagement to support long-term relationships and success,” said Carl Van Dusen, chief operating officer at Safari Solutions. “By joining forces with Sax, it allows us to further advance our impact on a diverse client base to support driving positive technology solutions.
“Safari’s 20-plus-year mission is
to help enable clients to focus on running their business and not
be consumed with ensuring the technology they use is fundamentally sound. Today more than ever businesses need confidence that
the technology they consume is secure, scalable and seamless, and we partner with our clients to deliver those results.”
The Hampshire Cos. has announced the listing of a real estate investment trust on the Singapore Exchange, with a portfolio that spans 3.2 million square feet of retail and self-
storage space.
Known as United Hampshire US REIT, the holdings include 18 grocery- and necessity-anchored retail assets and four modern,
  The Singapore Exchange Limited headquarters in Singapore
SAX INKS JOINT VENTURE TO ENHANCE TECH PLATFORM
Robert Schmitt
  Sax LLP has entered into a joint venture agreement with a technology company, as it looks to bolster its own capabilities while enhancing services for clients.
The accounting, tax and business advisory firm said the business, Safari Solutions, is a longstanding and strategic technology partner. This new joint venture is known as S2 Technology Solutions LLC and was effective April 27, boosting Sax’s
already robust managed IT services.
“With this current pandemic, we’re experiencing firsthand that today’s day-to-day business functions
are driven by technology. Sax recognizes the extreme value in helping organizations leverage that
to support an efficient work cycle,
as well as protect their business capabilities,” said Joseph A. Damiano, managing partner of Sax LLP. “Sax
Joseph A. Damiano
 Sax LLP is headquartered at 855 Valley Road in Clifton





















































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