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Passive Realty Group, Founded and Led by Reed Haimson, Announces Strategic Expansion of Its DST Provider Network for Accredited Investors Nationwide

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Expanded Sponsor Relationships Strengthen Access to Diversified Delaware Statutory Trust Opportunities Across Multiple Real Estate Sectors

NASHVILLE, Tenn., June 22, 2026 /PRNewswire/ — Passive Realty Group, a real estate investment firm specializing in tax-advantaged passive investment strategies, and led by Reed Haimson, today announced the strategic expansion of its Delaware Statutory Trust (DST) provider network. The initiative is designed to provide accredited investors nationwide with broader access to institutional-quality real estate opportunities, increased diversification options, and additional pathways for completing 1031 exchange transactions.

The expansion reflects Passive Realty Group’s continued commitment to supporting investors seeking passive income solutions and long-term wealth preservation strategies through professionally managed real estate investments. By broadening its network of DST sponsors, the company aims to enhance the range of available investment offerings across multiple property sectors and geographic markets throughout the United States.

The expanded provider network comes as many investors continue exploring alternatives to active property management while seeking tax-efficient strategies for preserving and repositioning real estate wealth. Delaware Statutary Trust structures have become an increasingly utilized option among accredited investors completing 1031 exchanges, offering access to professionally managed commercial real estate without the day-to-day responsibilities associated with direct ownership.

Expanding Access to Institutional-Quality Real Estate Investments

Passive Realty Group has built its business around helping investors evaluate passive real estate opportunities that align with their financial objectives, risk tolerance, and long-term planning goals. Through its expanded DST sponsor relationships, the company now provides access to a wider selection of investment opportunities across sectors including multifamily housing, industrial properties, self-storage facilities, medical office buildings, senior housing communities, net-lease retail properties, and other commercial real estate asset classes.

The expanded network is intended to provide investors with greater flexibility when evaluating replacement property options during 1031 exchange transactions. As market conditions continue evolving, diversification across asset classes and geographic regions remains an important consideration for many investors seeking to preserve capital while maintaining exposure to income-producing real estate.

Passive Realty Group’s advisory approach emphasizes education and transparency throughout the investment evaluation process. The company works with accredited investors to review available opportunities, discuss potential benefits and considerations, and identify solutions that align with individual investment objectives.

By increasing the number of DST providers available through its platform, Passive Realty Group is enhancing its ability to offer investors access to a broader spectrum of real estate investment opportunities, including properties sponsored and managed by established institutional real estate operators.

The expansion also supports investors seeking flexibility in timing and investment selection during exchange transactions, allowing for a wider range of options as they navigate complex real estate and tax-planning decisions.

Supporting Long-Term Wealth Preservation Strategies

The strategic expansion aligns with Passive Realty Group’s ongoing focus on helping investors implement wealth preservation strategies through passive real estate ownership structures. Delaware Statutory Trust investments have become a commonly utilized solution for investors seeking to defer capital gains taxes through 1031 exchanges while transitioning away from active property management responsibilities.

For many investors, particularly those approaching retirement or seeking greater portfolio diversification, passive ownership structures can provide opportunities to maintain exposure to commercial real estate while reducing operational burdens. DST investments may also allow investors to participate in larger institutional-quality properties that would otherwise be difficult to acquire independently.

Passive Realty Group’s expanded network creates additional opportunities for investors to evaluate multiple property types, geographic markets, and sponsor organizations as part of their overall investment planning process.

The company continues to focus on delivering educational resources designed to help investors understand the mechanics of DST investments, 1031 exchanges, and related tax-advantaged real estate strategies. Through ongoing market commentary, newsletters, and investor education initiatives, Passive Realty Group seeks to provide clients with information that supports informed decision-making.

As part of its advisory process, the company emphasizes understanding each investor’s goals and circumstances before discussing available investment opportunities. This personalized approach remains central to the firm’s long-term client service philosophy.

Continued Growth Across a Nationwide Investor Base

Founded and led by Reed Haimson, Passive Realty Group has built its reputation on providing accredited investors with access to passive real estate investment solutions designed to support wealth preservation, portfolio diversification, and tax-efficient investment planning. Under Haimson’s leadership, the company has expanded its nationwide footprint while maintaining a focus on investor education, transparency, and personalized guidance throughout the investment process.

Passive Realty Group currently serves investors across more than 35 states and continues to expand its national presence. While the company maintains leadership operations in Tennessee and traces its roots to Colorado, its client base spans a broad geographic footprint that includes investors seeking passive real estate opportunities throughout the country.

The expanded DST provider network represents another step in the company’s broader growth strategy as demand for passive investment solutions continues to evolve. By strengthening relationships with additional sponsors and expanding available investment offerings, Passive Realty Group aims to position itself to better serve investors seeking diversified real estate exposure and tax-efficient wealth strategies.

The company’s leadership brings extensive experience in both financial services and commercial real estate. Since entering the securities industry in 2008, Founder and President Reed Haimson has participated in more than $14 billion in real estate transactions and has helped guide investors through a wide range of market environments and investment opportunities.

In addition to advising investors, the company benefits from firsthand investment experience through active ownership interests in multiple real estate projects. This practical perspective informs the firm’s educational approach and commitment to helping investors understand both the opportunities and considerations associated with passive real estate investing.

Looking ahead, Passive Realty Group plans to continue evaluating opportunities to expand investor access to institutional-quality real estate offerings while maintaining its focus on education, transparency, and personalized guidance. The company believes that providing investors with a broader range of carefully evaluated investment options can help support long-term financial objectives in an increasingly complex investment environment.

By strengthening its DST sponsor relationships and expanding available investment opportunities, Passive Realty Group continues its mission of helping accredited investors access passive real estate strategies designed to support income generation, diversification, and wealth preservation goals.

About Passive Realty Group

Passive Realty Group is a real estate investment firm focused on helping accredited investors access tax-advantaged strategies designed for long-term wealth preservation and passive income growth. The company specializes in Delaware Statutory Trusts (DSTs), 1031 exchanges, and 721 exchange solutions. Serving investors across more than 35 states, Passive Realty Group provides access to a broad network of DST sponsors and institutional-quality real estate opportunities throughout the United States. The company is committed to education, transparency, and personalized investment guidance while helping investors evaluate passive real estate strategies aligned with their financial objectives.

Contact Information

Passive Realty Group
Email: IR@passiverealtygroup.com
Phone: 888.377.1031

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Medmovie’s Hx Heart Video Library Powers Patient Education at Cardiovascular Practices Worldwide

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Physician-validated, privately branded HD video helps heart patients understand their care.

BERKELEY, Calif., June 22, 2026 /PRNewswire/ — Medmovie, Inc., a leader in cardiovascular medical visualization, today highlighted the global reach of its Hx Heart Video Library (HVL), a hosted patient-education solution licensed to clinics and hospital systems for more than a decade.

The HVL turns the cardiovascular conditions, diagnostic tests, procedures, and medications heart patients encounter into concise, accurate HD videos — helping clinicians spend less time explaining and more time connecting with their patients.

The HVL is a curated collection of clinician-reviewed cardiovascular videos. Practices and hospitals can license, brand, and embed it directly on their websites.

Users to-date span multiple continents, including hospitals in Australia and Germany, a national trade association, and cardiology practices in the United States and around the world.

Every video is reviewed and validated by Medmovie’s MD editorial board. The Hx Heart library is brought to you by the same creative developers of the CardioSmart Heart Explorer App, which was created and produced by Medmovie and distributed by the American College of Cardiology (ACC) through 2024.

Cardiovascular specialists who rely on Medmovie’s visual content have seen its impact firsthand.

“Over the past year, my clinic’s website, www.sukruakyuz.com, has attracted more than 100,000 unique visitors per month, and my YouTube videos have generated nearly 7 million views,” said Dr. Sukru Akyuz, interventional cardiologist in Turkey. “This level of reach and engagement would not have been possible without Medmovie’s exceptional medical animations and support. Thanks to their contributions, I have achieved my goal of becoming one of Turkey’s most recognized interventional cardiologists.”

From the point of care to a clinic’s online presence, Medmovie’s trusted visual content helps patients see and understand their own care. The Hx Heart Video Library is available now to cardiovascular practices, hospitals, and health systems worldwide.

See the library in action at medmovie.com/cvl — the same branded player can be customized with a practice’s or hospital’s logo and embedded on its website in a matter of days. Watch a sample, the CAD video on the hidden risks of coronary artery disease, at https://youtube.com/shorts/0Tt-k8XkrTk

Healthcare organizations and practices interested in licensing the Hx Heart Video Library can contact Medmovie at medmovie.com/contact.

About Medmovie, Inc.

Medmovie translates complex medical and life science information into accurate, easy-to-understand, strategically focused visual media. Our clients leverage our experience, validated animations, and interactive media to create cost-effective, innovative tools to help tell their stories. We are a team of trained Medical Illustrators and Animators who love our work and are passionate about our simple goal: we want our clients’ stories to be fully understood.

Media Contact

Sarrah Hussain
Director of Communications
Medmovie, Inc.
sarrah@medmovie.com

© 2026 Medmovie, Inc. All rights reserved. Medmovie is a registered trademark of Medmovie, Inc. All other trademarks are the property of their respective owners.

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SOURCE Medmovie, Inc.

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Kevin Wheeler to Retire as Executive Chairman; President and CEO Stephen Shafer Named Chairman

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MILWAUKEE, June 22, 2026 /PRNewswire/ — A. O. Smith Corporation (NYSE: AOS), a global leader in water technology, announced today that Executive Chairman Kevin Wheeler will retire effective July 1. The company’s board of directors has elected Stephen Shafer, president and chief executive officer (CEO), as chairman upon Wheeler’s retirement. Wheeler will remain a member of the company’s board of directors.

“Kevin’s impact on A. O. Smith spans three decades,” said Chris Mapes, lead director of the board. “During his tenure, the company expanded its global footprint, strengthened its portfolio through multiple acquisitions and successfully navigated the challenges of the COVID-19 pandemic while maintaining strong operational performance.”

Wheeler joined A. O. Smith in 1994 as a regional sales manager for the former Water Products Company and held various senior leadership roles across the business before becoming president and CEO in 2018 and chairman in 2020.

Shafer, who has served as president and CEO since July 2025, becomes the 11th CEO to assume the role of chairman in the company’s history. He joined A. O. Smith in 2024 as president and chief operating officer. As chairman, Shafer will lead the board of directors and continue to oversee the company’s global operations, strategic direction, profitability and shareholder return.

“Steve has demonstrated strong, strategic leadership and a deep understanding of our business and growth opportunities,” said Mapes. “His combined role as chairman and CEO will further strengthen alignment across our strategy, operations and long-term value creation.”

Before joining A. O. Smith, Shafer held roles of increasing responsibility at 3M Company across multiple business units in the U.S. and China. Earlier in his career, he worked at McKinsey & Co. and Ford Motor Company. Shafer serves on the boards of the Air Conditioning, Heating, and Refrigeration Institute and the Metropolitan Milwaukee Association of Commerce, as well as the Executive Advisory Board for WorkBoard Inc.

“As chairman, I will continue leading this outstanding company and team with focus and discipline,” said Shafer. “We remain committed to driving innovation, serving our customers and advancing our purpose to find a better way. I would also like to thank Kevin for his leadership and continued support through this transition and look forward to benefiting from his continued guidance as a member of our board going forward.”

About A. O. Smith

A. O. Smith Corporation, headquartered in Milwaukee, Wisconsin, is a global leader applying innovative technology and energy-efficient solutions to products manufactured and marketed worldwide. Listed on the New York Stock Exchange (NYSE: AOS), the company is one of the world’s leading manufacturers of residential and commercial water heating equipment and boilers, as well as a manufacturer of water treatment and water management products. For more information, visit www.aosmith.com.

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SOURCE A. O. Smith Corporation

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Technology

S&P Global Declares Third Quarter Dividend

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NEW YORK, June 22, 2026 /PRNewswire/ — The Board of Directors of S&P Global (NYSE: SPGI) has approved a cash dividend on the Company’s common stock for the third quarter of 2026. The dividend of $0.97 is payable on September 10, 2026, to shareholders of record on August 26, 2026. The annualized dividend rate is $3.88 per share.

The Company has paid a dividend each year since 1937 and is one of fewer than 30 companies in the S&P 500® that has increased its dividend annually for more than 50 years.

About S&P Global:

S&P Global (NYSE: SPGI) enables businesses, governments, and individuals with trusted data, expertise and technology to make decisions with conviction. We are Advancing Essential Intelligence through world-leading benchmarks, data, and insights that customers need in order to plan confidently, act decisively, and thrive economically in a rapidly changing global landscape. 

From helping our customers assess new investments across the capital and commodities markets to guiding them through the energy expansion, acceleration of artificial intelligence, and evolution of public and private markets, we enable the world’s leading organizations to unlock opportunities, solve challenges, and plan for tomorrow – today.

Contacts:

Investor Relations:
Mark Grant
Senior Vice President, Investor Relations and Treasurer
Tel:  + 1 347 640 1521

Media:
April Kabahar
Global Head of Corporate Communications
Tel:  +1 212 438 7530

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/sp-global-declares-third-quarter-dividend-302806889.html

SOURCE S&P Global

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