CHICAGO, Nov. 4, 2020 /PRNewswire-HISPANIC PR WIRE/ — Hilco Global (www.hilcoglobal.com), the world’s preeminent authority on asset valuation, monetization, and advisory services, announced today that it has donated an additional $50,000 to the All Stars Project in Chicago. The donation is part of an ongoing company program called Hilco Helps, Hilco Global’s philanthropic arm that supports its corporate and employee commitment to various causes, often focused on children and education. Over the years, Hilco Helps has actively worked with several Chicago-area organizations such as Youth Guidance, Cradles to Crayons, Chicago Public Schools, Chicago Public Library, Community Colleges of Chicago, and All Stars Project providing critical support to help those that need it most.

The Hilco Global donation represents the company’s continued commitment to provide support to the under-served, at-risk youth in Chicago. Hilco Global has been a supporter of All Stars Project nationally for over five years, and specifically in Chicago, in supporting the organization through financial donations, summer internship programs, and employee participation in development workshops and programs.  The All Stars Project provides important Afterschool Development programs for the young people in the South and West sides of Chicago who have been hardest hit by violence. During this unprecedented time of social distancing and virtual learning, the All Stars Project has needed to pivot and develop new pathways to remotely reach the youth of Chicago in order to keep the young people engaged and on the path to improving their futures. 

“Hilco Global has been and continues to be an incredible partner for the All Stars, and we are very grateful for the many ways they support young people in need across our city and region,” explained David Cherry, City Leader of the All Stars Project of Chicago.  “Hilco Global’s donation in support of our increased virtual programming is helping us meet a vital need during this unprecedented time.  Their commitment to the All Stars is deep and passionate; we see that first-hand whenever Jeff Hecktman and his team meets and works with youth from our programs – Hilco is truly assisting us in our work to address poverty and create new experiences and opportunities for everyone we serve.”

Jeffrey B. Hecktman, CEO and Founder of Hilco Global said, “The work that the All Stars Project does for the youth of Chicago is so important and aligns with our corporate philanthropic mission to bring opportunities to at-risk students and giving them the tools necessary to succeed.”  Mr. Hecktman continues, “Now more than ever, the All Stars Project needs our help. We felt it imperative that we continue to focus on giving back and supporting the phenomenal work that the All Stars Project is doing in finding new ways of engaging poverty, inequality and social justice through its Afterschool Development programs and bringing together diverse Americans to help our country to grow. “

The Hilco Global donation comes at a critical time. When the pandemic hit, The All Stars Project needed to re-plan their programming for 2020 which included having to purchase new digital tools so that they could continue their important mission of reaching the young people it serves. The funding helped launch a brand-new four-week virtual program over the summer for 155 Development School for Youth graduates which included national workshops, watercooler conversations, one-on-one development coaching and stipends of $440 for the students involved in the program. Because the summer program was such a success, this fall the program was expanded to six weeks and includes over 250 young people as well as  hundreds of All Stars Project alumni, ensuring that the organization continues its mission of transforming the lives of youth and poor communities using the developmental power of performance, in partnership with caring adults.

About Hilco Global: Hilco Global (www.hilcoglobal.com) is a privately held diversified financial services company and the world’s preeminent authority on maximizing the value of assets for both healthy and distressed companies.  Hilco Global operates as a holding company comprised of over twenty specialized business units that work to help companies understand the value of their assets and then monetize that value.  Hilco Global has over a 30-year track record of acting as an advisor, agent, investor and/or principal in any transaction.  Hilco Global works to deliver the best possible result by aligning interests with clients and providing them strategic insight, advice, and, in many instances, the capital required to complete the deal.  Hilco Global is based in Northbrook, Illinois and has 625 professionals operating on five continents.

About All Stars Project: 

The All Stars Project is a national nonprofit organization founded in 1981 that sponsors Afterschool Development programs to help thousands of inner-city youth and their families each year. Its mission is to transform the lives of youth and poor communities using the developmental power of performance in partnership with caring adults. Headquartered in New York City, ASP operates in six cities – New York City; Newark and Jersey City, NJ; Chicago, IL; Dallas, TX; and San Francisco, CA. 

 The ASP is privately-funded by thousands of individuals, foundations and corporations, including Equity Residential, EY, Hartz Mountain, Hilco Global, Hunt Consolidated, Investors Bank, MetLife, Onyx Equities, PSEG, PwC and RBC Capital Markets give underwriting support to expand the reach and impact of All Stars afterschool development programs.  ASP is an action and thought leader in the field of Afterschool Development – proven practices and evidence focused on afterschool as a new strategy for engaging poverty – and is connecting with and influencing leading edge thinkers, researchers and institutions in the fields of youth and community development.

Starting in March 2020, the All Stars has converted programming to digital platforms and is engaging with thousands of young people and caring adults through on-line volunteer and experience platforms.

Media Contact:
Gary C. Epstein
Executive Vice President – CMO
Hilco Global
[email protected]
847 418 2712

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SOURCE Hilco Global

MEXICO CITY, Nov. 4, 2020 /PRNewswire/ — FIBRA Prologis (BMV: FIBRAPL14), a leading owner and operator of Class-A industrial real estate in Mexico, today announced a third party acquisition of two properties adding up to 402,139 square feet of industrial space in Monterrey for a total investment of US$27.2 million, including capital improvements and closing costs.  The two newly-developed, stabilized properties, purchased from a third-party, are adjacent to Prologis Park Apodaca. Both properties are leased for three years to a top home furnishing company headquartered in China, who will export to the U.S. market from these locations. With this acquisition, FIBRA Prologis will enhance its footprint at Prologis Park Apodaca reaching a total of 4.8 million square feet in Monterrey.

“These newly developed properties complement our portfolio in Monterrey where we have seen great leasing momentum and higher rents relative to last year,” said Luis Gutierrez, CEO, Prologis Mexico. “These properties are in the most desirable sub-market of Apodaca and clear evidence that nearshoring is driving demand in Mexico.”

ABOUT FIBRA PROLOGIS

FIBRA Prologis is a leading owner and operator of Class-A industrial real estate in Mexico. As of September 30, 2020, FIBRA Prologis was comprised of 201 logistics and manufacturing facilities in six industrial markets in Mexico totaling 39.0 million square feet (3.6 million square meters) of gross leasable area.

FORWARD-LOOKING STATEMENTS

The statements in this release that are not historical facts are forward-looking statements. These forward-looking statements are based on current expectations, estimates and projections about the industry and markets in which FIBRA Prologis operates, management’s beliefs and assumptions made by management.  Such statements involve uncertainties that could significantly impact FIBRA Prologis financial results. Words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates,” variations of such words and similar expressions are intended to identify such forward-looking statements, which generally are not historical in nature.  All statements that address operating performance, events or developments that we expect or anticipate will occur in the future — including statements relating to rent and occupancy growth, acquisition activity, development activity, disposition activity, general conditions in the geographic areas where we operate, our debt and financial position, are forward-looking statements. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions that are difficult to predict. Although we believe the expectations reflected in any forward-looking statements are based on reasonable assumptions, we can give no assurance that our expectations will be attained and therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. Some of the factors that may affect outcomes and results include, but are not limited to: (i) national, international, regional and local economic climates, (ii) changes in financial markets, interest rates and foreign currency exchange rates, (iii) increased or unanticipated competition for our properties, (iv) risks associated with acquisitions, dispositions and development of properties, (v) maintenance of real estate investment trust (“FIBRA”) status and tax structuring, (vi) availability of financing and capital, the levels of debt that we maintain and our credit ratings, (vii) risks related to our investments (viii) environmental uncertainties, including risks of natural disasters, (ix) risks related to the coronavirus pandemic, and (x) those additional factors discussed in reports filed with the “Comisión Nacional Bancaria y de Valores” and  the Mexican Stock Exchange by FIBRA Prologis under the heading “Risk Factors.” FIBRA Prologis undertakes no duty to update any forward-looking statements appearing in this release.

Non-Solicitation – Any securities discussed herein or in the accompanying presentations, if any, have not been registered under the Securities Act of 1933 or the securities laws of any state and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements under the Securities Act and any applicable state securities laws. Any such announcement does not constitute an offer to sell or the solicitation of an offer to buy the securities discussed herein or in the presentations, if and as applicable.

SOURCE FIBRA Prologis