Biz Ticker: Regions Bank launches enhanced program to support the financial journeys of women

Knoxville News Sentinel

Women + Wealth: Regions Bank launches enhanced program to support the financial journeys of women

BIRMINGHAM, Ala. – Jan. 3, 2024 –Regions Bank on Wednesday announced the launch of Women + Wealth, an innovative program that combines unique events and fresh insights with one-on-one guidance from a team of professionals to further support and empower women as they move forward on their financial journeys.

An initiative of Regions Private Wealth Management, the Women + Wealth program debuts at a time when more women in a diverse range of households are making more investment and financial planning decisions.

“This is about listening to clients, meeting them where they are, and delivering more strategic insights designed to help them reach their own, unique financial objectives,” said Leslie Carter-Prall, head of Regions Private Wealth Management. “Regions has always taken a customized approach toward meeting clients’ goals. Women + Wealth is the latest extension of that commitment as our advisors deliver more tailored guidance and solutions.”

Regions’ Women + Wealth program builds on the foundation established by the bank’s previous HerVision HerLegacy initiative – and it is expanding to provide more access to key insights for all women, no matter their age, needs or goals. Women + Wealth is led by Regions advisors, known as Women + Wealth Champions, who will work one-on-one with current Wealth Management clients, as well as Regions’ Commercial Banking and Consumer Banking clients, to deliver more timely advice, guidance and resources women can implement in making key financial decisions.

Currently, resources are available through Wealth Insights on Regions.com. There, people can access a variety of content to help them build, protect and preserve their wealth. Specialized content for women is also available with articles focusing on topics such as women and philanthropy, podcast episodes covering topics such as overcoming barriers to financial confidence, and more. Additional examples of Women + Wealth content include:

Upcoming Events and January 8 Webinar:

In the coming weeks, Women + Wealth Champions will lead gatherings for women across Regions’ markets to discuss:

  • Overall finances

  • The importance of being actively engaged in financial discussions

  • And how to be prepared and proactive in their financial journeys

Also, a special free webinar called “Women + Wealth: A Conversation with CMT’s Leslie Fram” will be held Monday, January 8 at 4:30 p.m. CT. Fram serves as CMT’s senior vice president of Music Strategy and Talent. She will share her personal challenges and triumphs in music and wealth. Additionally, Fram will discuss the importance of retirement planning, credit, career tips for women, and more.

The webinar will be moderated by Regions Wealth Advisor Lisa Harless. Registration for the discussion is available at this link. The webinar is open to Regions clients and non-clients alike.

“We know a great transfer of wealth is happening across the country, and we know women will benefit,” Carter-Prall concluded. “The goal of Women + Wealth is to further empower and inform women as they shape their financial futures and leave a legacy for themselves and their families. We are proud to launch this latest example of our dedication to meeting clients’ needs, and we look forward to consistently building on this initiative over time.”

About Regions Financial Corporation

Regions Financial Corporation (NYSE:RF), with $154 billion in assets, is a member of the S&P 500 Index and is one of the nation’s largest full-service providers of consumer and commercial banking, wealth management, and mortgage products and services. Regions serves customers across the South, Midwest and Texas, and through its subsidiary, Regions Bank, operates approximately 1,250 banking offices and more than 2,000 ATMs. Regions Bank is an Equal Housing Lender and Member FDIC. Additional information about Regions and its full line of products and services can be found at www.regions.com.

Investment, insurance and annuities products are not FDIC insured, are not bank guaranteed, are not deposits, are not insured by any Federal government entity, are not a condition of any banking activity, and may lose value.

Capital Square Acquires Tennessee Build-for-Rent Townhome Community for DST Offering

KNOXVILLE, Tenn. (Jan. 03, 2024) - Capital Square, one of the nation’s leading sponsors of tax-advantaged real estate investments and an active developer and manager of multifamily communities, announced today the acquisition of Summit Townhomes, a newly constructed 120-unit build-for-rent (BFR) housing community in Knoxville, Tennessee. The community was acquired on behalf of CS1031 Summit Place BFR Housing, DST, which seeks to raise $18 million in equity from accredited investors and has a minimum investment of $50,000.

Capital Square formed the Private Equity Group managed by experienced real estate executives, Dave Platter and Jon Trott, as managing directors and co-heads, to profit from opportunities in the housing market, including a dedicated build-for-rent strategy in high growth sunbelt markets. This represents Capital Square’s fourth BFR offering for the Section 1031/DST program, and the seventh BFR project for the private equity group.

“Capital Square’s private equity group is a high-performing team with top-tier executives who are focused on housing strategies, including BFR,” said Louis Rogers, founder and co-chief executive officer of Capital Square. “This will be one of the largest BFR platforms in the nation. We have previously reported that Capital Square has secured its first institutional partner for the BFR strategy and has now closed on the seventh BFR community, Summit Townhomes, for the DST program.”

Located at 100 Lisa’s Way, construction of Summit Townhomes was completed in 2022. The mix of three- and four-bedroom townhomes average over 1,400 square feet with open floor plans, marble countertops, stainless steel appliances, full size washer and dryers, walk-in closets, smart home integration and extra storage space. Community amenities include a firepit, picnic and barbecue area, private and overflow parking, covered gazebo and bark park.

The property is in close proximity to State Route 62, providing residents with easy access to top employers, such as Oak Ridge National Laboratory, Y-12 National Security Complex, UT-Battelle, Methodist Medical Center of Oak Ridge and Oak Ridge Schools. Summit Townhomes is served by Woodland Elementary School, Robertsville Middle School and Oak Ridge High School, all within a two-mile radius of the property.

Summit Townhomes is under a 30-minute drive from downtown Knoxville. The Knoxville MSA has a population of 747,185 and is projected to increase by 3.6% over the next five years.1 The University of Tennessee plays a significant role in Knoxville’s economy. With iconic landmarks like Neyland Stadium, with a seating capacity of 100,000+, university sports events generate meaningful revenue for local businesses. Moreover, the university employs more than 11,700 people who focus on research, educational programs and partnerships that contribute to the city’s overall economic growth.

“Knoxville is an attractive and promising real estate market, offering a combination of affordability, a stable rental market driven by universities and government employment, steady economic growth and a favorable income tax policy,” said Whitson Huffman, co-chief executive officer. “The property has already seen strong performance, accomplishing full lease-up in nine months with 98% current physical occupancy.”

Since its founding in 2012, Capital Square has acquired 170 real estate assets for over 6,500 investors seeking quality replacement properties that qualify for tax deferral under Section 1031 of the Internal Revenue Code and other investors seeking stable cash flow and capital appreciation.

This article originally appeared on Knoxville News Sentinel: Get the latest updates on Knoxville business happenings

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