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The Home Depot^®, the world’s largest home improvement retailer, today announced that its board of directors declared a second quarter cash dividend of $2.25 per share. The dividend is payable on September 12, 2024, to shareholders of record on the close of business on August 29, 2024. This is the 150th consecutive quarter the company has paid a cash dividend.

The Home Depot is the world’s largest home improvement specialty retailer. At the end of the second quarter, the company operated a total of 2,340 retail stores and over 760 branches across all 50 states, the District of Columbia, Puerto Rico, the U.S. Virgin Islands, Guam, 10 Canadian provinces and Mexico. The Company employs over 465,000 associates. The Home Depot’s stock is traded on the New York Stock Exchange (NYSE: HD) and is included in the Dow Jones industrial average and Standard & Poor’s 500 index.

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 ATTOM, a leading curator of land, property, and real estate data, today released its July 2024 U.S. Foreclosure Market Report, which shows there were a total of 31,929 U.S. properties with foreclosure filings — default notices, scheduled auctions or bank repossessions — up 15 percent from a month ago and up slightly by .2 percent from a year ago. 

“July’s foreclosure activity reflects a slight shift in the housing market,” said Rob Barber, CEO at ATTOM. “With an 18 percent increase in foreclosure starts and a 14 percent rise in completed foreclosures from last month, these shifts may highlight growing pressures in certain areas.  However soaring home prices seem to continue and have spiked the value of homes across the nation, which boosts equity for homeowners at virtually every stage of paying off mortgages. Monitoring these next few months will help us better understand the implications for the real estate sector.”

Delaware, Nevada, and Utah post highest foreclosure rates

Nationwide, one in every 4,414 housing units had a foreclosure filing in July 2024. States with the highest foreclosure rates were Delaware (one in every 2,214 housing units with a foreclosure filing); Nevada (one in every 2,245 housing units); Utah (one in every 2,289 housing units); New Jersey (one in every 2,607 housing units); and Illinois (one in every 2,660 housing units).

Among the 224 metropolitan statistical areas with a population of at least 200,000, those with the highest foreclosure rates in July 2024 were Provo–Orem, UT (one in every 940 housing units with a foreclosure filing); Macon, GA (one in every 1,167 housing units); Columbia, SC (one in every 1,587 housing units); Spartanburg, SC (one in every 1,895 housing units); and Atlantic City–Hammonton, NJ (one in every 1,910 housing units).

Those metropolitan areas with a population greater than 1 million with the worst foreclosure rates in July 20244 were: Las Vegas, NV (one in every 2,089 housing units); Philadelphia, PA (one in every 2,197 housing units); Jacksonville, FL (one in every 2,274 housing units); Chicago, IL (one in every 2,279 housing units); and Riverside, CA (one in every 2,556 housing units).

Greatest numbers of foreclosure starts in California, Florida, and Texas

Lenders started the foreclosure process on 21,870 U.S. properties in July 2024, up 18 percent from last month and up 4 percent from a year ago.

States that had the greatest number of foreclosure starts in July 2024 included: California (2,342 foreclosure starts); Florida (2,339 foreclosure starts); Texas (2,222 foreclosure starts); Illinois (1,221 foreclosure starts); and New York (1,145 foreclosure starts).

Those major metropolitan areas with a population greater than 1 million that had the greatest number of foreclosure starts in July 2024 included: New York, NY (1,286 foreclosure starts); Chicago, IL (1,555 foreclosure starts); Philadelphia, PA (782 foreclosure starts); Miami, FL (758 foreclosure starts); and Los Angeles, CA (689 foreclosure starts).

Foreclosure completion numbers increase from last month

Lenders repossessed 3,282 U.S. properties through completed foreclosures (REOs) in July 2024, up 14 percent from last month and down 2 percent from last year.

States that had the greatest number of REOs in July 2024, included: New York (377 REOs); California (370 REOs); Illinois (221 REOs); Pennsylvania (219 REOs); and Michigan (212 REOs).

Those major metropolitan statistical areas (MSAs) with a population greater than 1 million that saw the greatest number of REOs in July 2024 included: New York, NY (271 REOs); Chicago, IL (136 REOs); San Francisco, CA (104 REOs); Detroit, MI (100 REOs); and Los Angeles (97 REOs).

Report methodology

The ATTOM U.S. Foreclosure Market Report provides a count of the total number of properties with at least one foreclosure filing entered into the ATTOM Data Warehouse during the month and quarter. Some foreclosure filings entered into the database during the quarter may have been recorded in the previous quarter. Data is collected from more than 3,000 counties nationwide, and those counties account for more than 99 percent of the U.S. population. ATTOM’s report incorporates documents filed in all three phases of foreclosure: Default — Notice of Default (NOD) and Lis Pendens (LIS); Auction — Notice of Trustee Sale and Notice of Foreclosure Sale (NTS and NFS); and Real Estate Owned, or REO properties (that have been foreclosed on and repurchased by a bank). For the annual, midyear and quarterly reports, if more than one type of foreclosure document is received for a property during the timeframe, only the most recent filing is counted in the report. The annual, midyear, quarterly and monthly reports all check if the same type of document was filed against a property previously. If so, and if that previous filing occurred within the estimated foreclosure timeframe for the state where the property is located, the report does not count the property in the current year, quarter or month.

CareSource, a nonprofit, managed care organization serving 440,000 Georgians, today announced Dr. Minh Nguyen as the chief medical officer (CMO) for CareSource Georgia. Dr. Nguyen is responsible for overseeing CareSource Georgia’s clinical strategy, population health, health equity and the quality of health care services, and work to improve health outcomes for patients through collaboration with providers and community-based organizations. 

“Dr. Nguyen has been an instrumental part of our Georgia leadership team, and his expertise and passion for improving the health and well-being of our members make him exceptionally well-suited to lead our clinical operations,” said Jason Bearden, market president for CareSource Georgia. “He will continue to further our goal of expanding access to care in addition to developing and leading initiatives that not only meet quality and safety objectives but improve health outcomes for Georgians.”  

Dr. Nguyen most recently served as market medical officer for CareSource Georgia where he led and supported all quality, population health and clinical initiatives to manage and improve health outcomes for members. He also serves on the CareSource Health Equity Advocacy Team (HEAT) to help ensure health equity activities and standards are embedded into organizational policies and procedures.  

“As a physician, I believe that health care is about more than treating physical illness. It’s about caring for the whole health of individuals and the communities where they live,” said Nguyen. “I am proud to be part of an organization that is committed to addressing social determinants of health and to advancing health equity across our state. As chief medical officer, I will work with our team and community partners to continue to find innovative ways to close gaps in care and improve quality of care and health outcomes.” 

Prior to joining CareSource, Dr. Nguyen served in various leadership and clinical roles at Harvard Faculty Physician and WellStar. Dr. Nguyen is a graduate of the University of California San Diego and the Ross University School of Medicine. He completed his family medicine residency at the University of Massachusetts Medical School.  

Today, Sorbet, a fintech solution that helps employees access the cash value of their unused paid time off (PTO) as they accrue it, released its PTO Report 2024, the first post-pandemic assessment of PTO. The report sheds light on the ongoing PTO crisis in America, impacting both employees and employers – uncovering PTO trends, issues, and YOY shifts in PTO policies across industries, states, gender, age and more.

The comprehensive survey found that nearly two-thirds (62%) of Americans don’t use all of their PTO. This is climbing at an alarming rate – shy of doubling from just 4 years ago. 5.5% of American workers did not take any PTO in 2023.

The increase in unused PTO – up 14.7% since 2017 – presents a significant challenge for employees and employers alike. Employees begin to accumulate an asset that they typically can’t access unless they separate from their current employer. For employers, PTO represents one of the most expensive, unutilized and underappreciated employee benefits, with the lowest perceived ROI – while their employees grow increasingly frustrated and disgruntled by financial pressure and burnout. But despite buzz around unlimited PTO policies, the policy has only been adopted by less than 15% of American companies – in fact, more than half of companies still offer traditional PTO policies by which unused PTO accrues, carries over and gets paid out at termination.

The data reveals a concerning glimpse into American work culture — modern, younger and remote workers aren’t taking vacation days. ⅓ of American employees (32%) say it’s difficult to take time off when working from home.  Gen Z employees are 15% more likely to say it’s difficult to take time off – therefore, employees between ages 21-34 take about one week less vacation time than employees over 55.

The report also revealed inequalities in employee workplace benefits, especially across gender, industry and region. Women take 10% less PTO than men, and are more comfortable taking sick days than vacation days. As far as industry, employees in the finance space take the most advantage of their time off, using 78% of their allocated time. Minnesotans seem to utilize the most PTO — allotting an average of 18 vacation days — and Minnesota is also the #1 State for employee PTO utilization (14 days used).

“Unused PTO is worth actual money and can be used as an additional source of compensation,” says Veetahl Eilat-Raichel, co-founder + CEO of Sorbet. “PTO can also be used as a cash benefit to reduce financial stress. Employers need supportive PTO benefits in the workplace which offer employees choice and flexibility – including the ability to advance unused PTO days.”

Selected as one of the 20 most promising startups in 2021, Sorbet’s app allows employees to unlock the value of their unused PTO days through a cash advance, allowing them to access money that they never even knew existed – while offering employers the ability to provide their employees an impactful financial benefit – risk and cost free.

For a more in-depth look at the survey findings, please visit https://www.getsorbet.com/.

Hartsfield-Jackson Atlanta International Airport (ATL) is the best airport for business travel in the U.S., scoring 7.98 out of 10. With 237 direct routes, over 43% offering business class, it excels in connectivity. There are 40 hotels within two miles, ideal for travelers with late arrivals or early departures. Just an 18-minute drive from downtown Atlanta, it ensures easy access to meetings. The airport features over 100 shops and numerous restaurants, offering diverse cuisine from reuben sandwiches to sushi.

Los Angeles International Airport (LAX) has the second-highest business travel score at 6.90 out of 10. The airport features 22 lounges and 30 hotels within two miles, catering to one of the busiest cities in the U.S. LAX offers 189 direct routes, with over half providing business class. Travelers can enjoy a variety of shops, restaurants, and a unique farmers market with fresh produce and food stands.

Miami International Airport (MIA) shares the second-best business travel score of 6.90. It offers 22 lounges and 189 direct routes, over half with business class. Miami’s role as a hub for technology, creative industries, and international trade, especially with the Caribbean and South America, makes it a key business destination. The airport’s Shoppes at Ocean Drive in Terminal D provides a top-tier shopping experience, while travelers can also enjoy spas, a yoga room, and a chapel for relaxation.

The research also revealed:

• The U.S. airport with the most lounges is John F. Kennedy International Airport (JFK), with 27 total. JFK is the main airport serving New York City, operating direct routes to 193 destinations, 67% of which allow for business class travel.

• Dubai International Airport (DXB) is the best international airport for business trips, earning a 9.73 out of 10. It is also one of the best-connected airports in the world, with 264 direct flight routes, 94.7% of which offer business class travel. 

The Best US Airports For Business Travel:

For the full report visit booking.com

Jamestown, a global, design-focused real estate investment and management firm with $11.7 billion in assets under management as of June 30, 2024, today announced it will acquire the Atlanta subsidiary of Cincinnati-based North American Properties (NAP), a family-owned real estate company founded by William J. Williams, Sr. in 1954. The Atlanta subsidiary, which has $2 billion in assets under management as of June 2024, is an owner/operator and real estate services provider of mixed-use properties in suburban, high-growth markets across the Eastern U.S. 

As part of the transaction, a Jamestown affiliate will make an investment in the platform’s portfolio comprised of Colony Square (Atlanta, Georgia), The Forum Peachtree Corners (Peachtree Corners, Georgia), Avenue East Cobb (Marietta, Georgia), Birkdale Village (Huntersville, North Carolina), Ridge Hill (Yonkers, New York), and Newport on the Levee (Newport, Kentucky).  

The acquisition also includes the platform’s real estate services business that manages Avalon (Alpharetta, Georgia), Mercato (Naples, Florida), and Riverton (Sayreville, New Jersey). These third-party services engagements will add to Jamestown’s growing real estate services business, which currently includes 22 projects across 19 cities and ten countries.

“Jamestown’s North Star is to create inspiring places that serve as the foundation of community life and reinforce a sense of place and belonging, while generating value for investors,” said Michael Phillips, President of Jamestown. “This acquisition will bolster our differential advantage in the market as a vertically integrated, mixed-use operator with a focus on placemaking. Their expertise around suburban placemaking is a great complement for our urban placemaking expertise, as well as our grocery-anchored shopping center business.”  

“Our goal is to be the best mixed-use investor and operator globally, focusing on creating innovation hubs and community centers,” said Matt Bronfman, CEO of Jamestown. “As part of the firm’s next chapter, Jamestown plans to continue to scale its vertically integrated platform and mixed-use expertise to more markets. This acquisition advances our goal and is a major step toward realizing our long-term vision for the future.” 

Upon closing, which is subject to customary closing conditions, pending approval from lenders and investors, and anticipated to occur by the fourth quarter of 2024, the Atlanta-based operating platform and its assets will move forward under the Jamestown name—as will its more than 200 employees. Tim Perry, who is currently the Managing Partner of NAP’s Atlanta subsidiary, will join Jamestown’s executive team as a Managing Director and Co-Chief Investment Officer.    

“Joining Jamestown represents an exciting new chapter,” said Tim Perry, Managing Partner of NAP’s Atlanta subsidiary. “We look forward to continuing to create dynamic, community-focused destinations and unlocking new value creation opportunities as part of Jamestown’s global platform.” 

Established in 1996, NAP’s Atlanta subsidiary has a long track record of creating vibrant, mixed-use destinations. Over the last decade, the subsidiary has scaled its hospitality-forward, vertically integrated operating platform and positioned itself as a boutique, full-service developer pursuing opportunistic returns. This has allowed the subsidiary to assemble a portfolio of underutilized lifestyle destinations and maximize their potential through value-add, experiential redevelopment projects. The platform’s portfolio size has grown substantially in the last four years under the leadership of Perry. 

Cincinnati-based North American Properties will continue to own and operate real estate through its other affiliates and manage investments across its wide-ranging venture portfolio. The company will also continue to be an investor in the platform’s six owned assets. 

“Since we founded the Atlanta office 28 years ago, the team has built a great platform for the communities and partners it serves,” said Tom Williams, CEO of North American Properties. “Finding a like-minded partner in Jamestown is a great outcome for our people, and we look forward to continuing to invest in real estate alongside them.”