TCR Acquisition LLC (‘TCRA’) Responds to Demonstrably False Assertions by Kaleyra About TCR’s Offer to Acquire Its Subsidiary, The Campaign Registry
This is a public service response to factually incorrect assertions by Kaleyra made on August 24, 2022. Its purpose is to provide accurate information to shareholders, government regulators, and the general public.
Neither TCRA nor its advisors have engaged in an “unlawful campaign” to “coerce Kaleyra to sell The Campaign Registry to TCRA.” The Campaign Registry itself recruited on or about May 13, 2022 one of TCRA’s representatives, prior to TCRA’s formation, with the intention of having him identify a buyer for The Campaign Registry. A Non-Disclosure Agreement was requested and sent by The Campaign Registry which was executed. At no time did TCRA or any of its representatives or advisors endeavor to “coerce” Kaleyra into selling itself or any of its affiliates at a “low-ball price.” Neither TCRA nor any of its representatives or advisors made any false statement regarding Kaleyra or The Campaign Registry.
On or around June 9, 2022, in response to The Campaign Registry’s request to Giovanni Tarone that he find a buyer for it, a good faith “non-binding” offer was sent to Kaleyra offering to negotiate the purchase of Campaign Registry at a price to be negotiated and agreed on by the parties. There never was any “low-ball” price offer. Indeed, no specific purchase price was mentioned at all. Rather, TCRA’s non-binding Letter of Intent stated as follows: “Unless otherwise agreed to by both parties, and following completion of Due Diligence by Purchaser as defined herein, the Purchase Price for acquisition of 100% of the issued and outstanding common stock of TCRA shall be a multiple of net annual revenues, as agreed upon by Seller and Purchaser and put forth in the Stock Purchase Agreement, plus certain assumed debt or post-closing payment obligations set forth in the Stock Purchase Agreement.”
Medford Apartment Rental Market Report 2022
Based on the most recent rental supply figures, demand for Medford MA apartments has never been stronger. Thus far in 2022, both apartment availability and vacancy rates in Medford have remained 20-30% below their pre-pandemic levels from 2019. During COVID, rental supply levels and average rent prices remained stable in Medford compared to most Greater Boston neighborhoods.
Now as a result of the tight inventory, Medford’s average rent price is up +4.63% year-over-year and has surpassed its previous all-time high from July 2020 ($2,159) by $57. Let’s have a look at the trends moving Medford’s apartment rental market in 2022.
Is Boston good for real estate?
The city of Boston has experienced record housing market growth over the past decade. Median sale prices have soared on account of a tight supply of for-sale properties and growing demand. In 2011, the median sale price for a single-family home in Boston was $375,000. Just 11 years later, that figure has more than doubled to $812,000. With such rapid price growth, you may be wondering if Boston is still a good place to purchase a home that will appreciate in value long-term?
Boston is still a good place to buy real estate because the city’s long-term economic outlook is positive. Despite the current economic slump we’re experiencing, there are many reasons to believe that they are only temporary and Boston’s housing market will recover. Here are a few reasons why:
Malden Apartment Rental Market Report 2022
As rent prices are soaring to record levels all over the metro Boston region, Malden’s apartment rental market is looking stronger than ever. Both real-time vacancy rate (RTVR) and real-time availability rate (RTAR) in Malden MA have both reached record lows in the past 12 months. Because of the tight supply, average rent prices for Malden apartments have never been higher. Let’s take a look at the main trends driving the apartment rental market in Malden MA.
Record-Low Apartment Supply in Malden
The current apartment vacancy rate (RTVR) in Malden is 0.79%. That figure is down -72.76% from mid-August last year when the market was still recovering from COVID. In late July, Malden’s RTVR hit 0.55% which marked a record low. This has been the prevailing trend in Boston over the past few months.
Guide to Managing Postpartum Hair Loss
Postpartum hair loss is a common occurrence for women after giving birth. Many new moms see noticeable hair loss in the first six months after birth, and it can be disconcerting to some. After delivery, the body is depleted of estrogen and progesterone. This causes your hair to grow more slowly and thin out. Hormone fluctuations are inevitable for new moms, and so is hair loss..
Still, there are some things you can do to manage postpartum hair loss. Here are a few:
The most Expensive Rental Markets in the US
Despite the less-than-optimistic economic outlook, rent prices have been on the rise across much of the country this year. It appears like inflation is pushing prices up for renters, as the average rent in the US has risen by +14.75% since June 2021. Rents have surged even higher than the national average in several of the nation’s most expensive rental markets, namely in Miami (+28.35%), New York (+20.50%), and San Diego (+19.26%).
Here are the top 6 most expensive rental markets in the US.
Going Back to Work After Maternity Leave
You’re probably not surprised to hear that most moms are less than thrilled about returning to work after maternity leave. Leaving your little one after all you’ve been through is gut wrenching for many moms, and if you had a short maternity leave you may be physically feeling less than 100%. If you’re about to go back to work after maternity leave, you can probably understand why many new moms decide to not go back at all.
But life is real and households with one income ain’t what they used to be. So if you’re transitioning back to work after giving birth, there are some things you can do to make it as painless as possible.
Boston’s Average Rent Price Continues to Climb To Record Highs
With just 5 week remaining until September 1, Boston’s average rent price is still climbing to new record highs weekly. The current average rent price of $2,710 for non-luxury Boston apartments is up +7.6% year-over-year and up +0.57% since last month. Price growth has shown signs of slowing down through July, but they will likely continue to rise until the pivotal 9/1 leasing date.
Why are Boston rents going up?
Boston’s rent prices are going up because of a record-low supply of available apartments in Boston. The current real-time availability rate of Boston apartments 2.04%. That is less than half of the previous all-time low July availability rate of 4.25%, which was recorded in 2019. That means apartment hunters in Boston are seeing half of the rental inventory they were seeing prior to the pandemic. With supply so low and demand for housing greater than ever, prices have nowhere to go but up. Inflation is also adding to landlord expenses, which is trickling down to the renter.
Tips for Managing Postpartum Hormones
It’s very common for new moms to experience hormonal fluctuations both during and after pregnancy. Estrogen and progesterone levels increase during pregnancy. These hormones are needed for placenta production. When the placenta falls out during delivery, your hormone levels fall as well. This drop in estrogen is needed to support milk production and heal your body. Still, such a drastic change in hormones causes many new moms to struggle with postpartum anxiety and PPD.
It’s important to denote the difference between postpartum hormonal fluctuations and postpartum hormonal imbalance. Thyroid issues during pregnancy are a reality for 5-10% of women, so it’s important to know the symptomsLinks to an external site. and understand your risk. If you feel like you may be suffering from hyperthyroidism or hypothyroidism as a result of your pregnancy, it’s important you consult with your doctor.
That being said, if you’re looking for some things you can do to naturally bring your body back in balance, follow these steps.
Boston Real Estate Market Forecast
Boston’s real estate market is showing early signs of downturn following a decade of record breaking price growth. Boston real estate prices have more than doubled since 2012, and now in 2022 the city’s 1-year median sale price is $810K for single-family homes and $719K for condos. However, a price correction appears imminent due to rising interest rates and demand destruction.
Are Real Estate Prices Going Down in Boston?
As of July, real estate prices have not dropped in Boston. For single family homes, the 1-year median sale price in Boston is up +3.66% compared to January ($781K) and +7.29% since September of last year ($755K). For Boston condos, the 1-year median price has increased by +2.69% since January ($699K) and +5.71% since September.