DMG
I N V E S T M E N T S
Corporate Profile DMG Investments LLC | 6th Edition
To send comments or request copies, email us: info@dmginvestments.com. Graphic design, production and publishing by BZEL.
Who We Are
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Founded in 2013 and headquartered in New York, DMG is a leading global real estate investment management and development firm focusing on student housing, condominium, and multifamily. By combining the joint expertise of our talented people, we offer clients a vertically integrated investment platform resulting in outstanding reliability – and the prospect of shared growth. We are privileged to actively manage real estate investments of approximately $700 million in assets under management across 10+ projects in New York, New Jersey, Texas, Tennessee, Wisconsin, and South Carolina, all together delivering superior investment performance.
Who we are
DMG INVESTMENTS — COMPANY PROFILE
As a professional fiduciary, we are experienced in sourcing, selecting, underwriting, acquiring, developing, and managing properties varying in size from $20 million to over $500 million. Through strategic partnerships and utilization of our broad network of relationships and resources in the real estate sector, institutions, and finance industries, the acquisitions team continues to devise and execute value-enhancing strategies contributing significantly to the firm's aptitude for successful investments.
D M G I N V E S T M E N T S — COMPANY PROFILE
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Letter From Jacky He
Letter From the Chief Executive Officer As Chief Executive Officer of DMG Investments, I am delighted to welcome you to the fifth edition of our company profile, updated periodically, to report to you positive and optimistic views of our company's growing focus. Our talented team remains the central pillar of our continuous growth, having a noticeable impact in all corners of our operations, enabling us to expand our market share in the United States and internationally. With the world around us rapidly evolving, DMG Investments continues to adapt to our investors, creating well-structured, diverse investment portfolios across the wide range of multi-family, student housing, commercial, and alternative asset classes. In allowing us to provide personal, consistent, and thoughtful advice to private clients and investors, we are delighted to extend an invitation to you to get in touch and let us demonstrate how DMG Investments can be of help to you. I hope you find the contents of The Company Profile exciting and valuable.
Jacky He Jacky He CEO
Curated Photography D M G I N V E S T M E N T S — COMPANY PROFILE
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Nikada Taken on September 11, 2008 The New York Stock Exchange | New York, NY
In our documents, DMG Investments features photography from distinctive photographers from around the world. In our most recent edition of the company profile, we showcase the beautiful photography of iconic architecture in New York City. We hope you enjoy our curated selection of images, a reflection of our distinctive approach to successful investments.
David Ramos
Vice President of Marketing
Executive Leadership
Executive
leadership For us, it’s about bringing together leaders who make things possible. Our success is directly linked to our people, the foundation of our organization. Year after year, it's their expertise and commitment that help us achieve our business objectives, and their passion and tenacity to succeed and deliver results beyond our expectations. Jacky He
VP of Construction
dmginvestments.com/people
Controller
Human Resources Manager
Christian O'Lone
Douglas Lo Pinto VP of Finance and Acquisitions
VP of Asset Management
David Ramos
Joseph Manzo D M G I N V E S T M E N T S — COMPANY PROFILE
SVP of Finance and Acquisitions
Malina Persaud
Chief Operating Officer
Indira Basu
Jeff Amengual
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Ariel Hai
Chief Executive Officer
VP of Marketing
Passion for long-term value
Experts in maximizing economic return
Utilizing innovative technologies
Determination & dedication
Creating market differentiation
Applying aggressive and creative marketing techniques
Philosophy and commitment to cooperation
A diverse team with a single vision We bring together the world’s sharpest, most creative professionals in real estate, engineering, finance, business, marketing, and design.
Curated Photography D M G I N V E S T M E N T S — COMPANY PROFILE
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Jeffrey Blum Taken on October, 2019 The Oculus, World Trade Center | New York, NY
Fundamental values Our principal values are more relevant than ever before. It is only through our professionals' daily commitment that we observe such high standards of ethics and performance.
Integrity We are driven by honesty and integrity. We achieve, win trust, and deliver excellence through the quality of our work and high ethical standards.
Passion We are enthusiastic about pursuing new ideas and uphold our flair for entrepreneurship and desire to do bigger and better. We meet challenges with creativity, optimism, and a positive attitude.
Team Spirit Our success comes from our people's contribution as a team. We promote a culture of collaboration where we learn from each other, inspire one another, and share the company successes.
Growth We create opportunities on the principle of promoting growth both as individuals and as a company. We believe in the journey of education to empower bold thinking and create opportunities.
Innovation We support and encourage research and development in the sectors we operate to ensure that today's innovation is tomorrow's conventional solution.
Positive Impact Through our business activities, we are committed to practices that positively influence the communities in which we operate. We strive to minimize our operations' environmental impact and improve our efficient use of critical resources.
Key Players
Key leaders “Our ambition is to serve as a strategic investor and create enduring partnerships with industry-leading organizations.”
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Expertise in key sectors
D M G I N V E S T M E N T S — COMPANY PROFILE
With more than 40 years of experience building a diverse range of project types, including residential, industrial, retail, hospitality, and infrastructure, Mr. Amengual leads a team of dedicated professionals in the acquisition, finance, development, construction, marketing, and management of real estate properties located in Texas, South Carolina, Tennessee, and New York.
Explore recent media coverage and gather Jeff's insights in national media outlets on trends shaping the market, industries, and innovation.
dmginvestments.com/media-center
Reaching a decade of growth and continued value creation. DMG Investments has capitalized on growth opportunities with over $700 million in real estate asset types since its inception in 2013. The firm has diversified investment mediums to deliver flexibility and pursue opportunities based on the capital environment. dmginvestments.com/about
Jeffrey Amengual COO — DMG Investments New York, Office
Meet our Talent
Meet our talent The passion, dedication, and expertise of our people powers everything we do. The women and men of DMG Investments bring diverse experience and an almost boundless skillset to our investors' service. Here is a selection of our talents and the ways they make a difference every day.
CONTROLLER
“Utilizing the highest ethical standards, I ensure to provide financial, accounting, and tax support to our entire portfolio of properties.” Malina Persaud, CPA Controller — DMG Investments New York, Office
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As an Assistant Controller at DMG Investments, my primary responsibility includes cash management, investment accounting, financial statement preparation, tax support for each of our properties, and various other accounting activities. Our team utilizes the highest ethical standards ensuring every transaction is secure and accurate. My background, experience, and expertise with a variety of structures and fund types across private equity, real estate, and hedge funds allows me to examine and approve through a unified and transparent management model across the organization.
D M G I N V E S T M E N T S — COMPANY PROFILE
VALUES
Inspiring a new era of development, sustainability, growth, and productivity, where inspiration and innovation are at its center. Our values empower our professionals to grow in their careers paths, build trusted relationships with colleagues and clients, and become architects of a positive and bright future.
Our values have shaped who we are and continue to be for the years to come: responsible leaders committed to positively impacting society.
dmginvestments.com/people
SVP OF FINANCE AND ACQUISITIONS
“We provide thorough financial analysis, and extensive analytical practices to better assess risk” Ariel Hai SVP of Finance and Acquisitions — DMG Investments New York, Office
As SVP of Finance and Acquisitions, I am responsible for sourcing and executing the financing solutions for existing and new assets, including construction loans, mezzanine loans, equity financing, and EB5 financing with local and overseas financial institutions. I am also actively involved in sourcing and executing new deals for DMG.
VICE PRESIDENT OF ASSET MANAGEMENT
“As a professional, I am always thrilled to enter new student housing markets.” Christian O'Lone Vice President, Asset Management — DMG Investments New York, Office
I am confident that my expertise in delivering on several fronts, including site management, budgeting, and leadership, represents an asset for DMG Investments. All of my teams are trained to be leaders and deliver on leasing velocity in the markets they serve. Having represented more than 16 student housing markets, I have the confidence, experience, and expertise to thrive in existing and future markets.
Investment Footprint
10+ Multi-family and student housing locations across the United States.
D M G I N V E S T M E N T S — COMPANY PROFILE
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Investment footprint We work with ambitious investors around the world who want to define the future. Together, we define a bold ambition and achieve extraordinary results that redefine industries.
100+ years COMBINED GLOBAL INVESTING AND OPERATING EXPERIENCE
Student Housing Communities New York
Auden Albany New York
Auden Albany II New York
Auden Ithaca New York
Auden Ithaca II New York
Auden Buffalo South Carolina
Auden Upstate Texas
Auden Houston
322 106 Beds
Units
309 204 Beds
Units
273
94
226
77
Units
Beds
Units
Beds
481 154 Beds
Units
486 170 Units
Beds
306 162 Units
Beds
Luxury Condominiums New Jersey
One Park Condos Texas
Arabella
204 Units
99 Units
Multi-family Rentals Wisconsin
Frederick Lofts New York
1211 Western Ave
100 Units
136 Units
Fulton center NYC Subway Station
D M G I N V E S T M E N T S — COMPANY PROFILE
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Marco Piunti Taken on February 7, 2019 Fulton Center Subway Station | New York, NY
Curated Photography
Our sustained investment success since 2013 has attracted a deep pool of committed debt and equity investors. We have strategically selected our investors to complement one another, each with varying expectations for risks, returns, market preferences, and asset types. Our investment program has been designed to ensure that we can structure a customized investment for almost any project profile. Ariel Hai
SVP of Finance and Acquisitions
Investments Highlights
Investments
highlights Superior living at Auden Albany
AudenAlbany.com
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Completed in the summer of 2018, Auden Albany became the most cutting-edge student housing project in Albany, New York. It only took 14 months to complete the entire project while ensuring quality. The occupancy rate was 100%.
Auden Albany enjoys a superior geographic location. It is currently one block away from SUNY Albany and just 10 minutes away from shopping areas. Led by DMG Investments, the Auden Student Housing project has a total construction area of 203,000 square feet, which provides 322 bedrooms. Graduate/professional Faculty/staff
D M G I N V E S T M E N T S — COMPANY PROFILE
Adaptive reuse
Project Data
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Location: Albany, New York No. of Beds: 322 No. of Units: 106 Year of Opening: 2018
Country club living at Auden Upstate
Auden Upstate is close to the University of South Carolina Upstate Campus. The student housing project is a one-minute walking distance from the campus and five minutes walking distance from the college student center. The school’s bus station is only five minutes away, and students can take the bus to the downtown area. There are seven buildings, and each building has four floors in total, covering the construction area of 211,000 square feet.
Recognized by Universities
“Built right off the Spartanburg campus and designed for students — helps the university focus on its academic priorities” Dr. Brendan Kelly USC Upstate Chancellor
AudenUpstate.com
Graduate/professional Faculty/staff Adaptive reuse
Project Data
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Location: Spartanburg, South Carolina No. of Beds: 486 No. of Units: 170 Year of Opening: 2020
Investments Highlights
Convenient living at Auden Houston
AudenHouston.com
Auden Houston is located in the Houston downtown business district, close to Texas Southern University, the University of Houston, and Rice University. With a convenient location and access to transportation, Auden Houston is in high demand.
D M G I N V E S T M E N T S — COMPANY PROFILE
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Targeting the Student Housing Market, Auden Houston contains 306 rooms with amenities, including an outdoor pool, a gym, a pool room, an outdoor BBQ space, a resident lounge, and other property management services specialized for the student market. As a community with exceptional amenities and customer service, Auden Houston is a popular rental project in the Houston Student Housing Market.
Mixed-use
Project Data
Urban infill
Location: Houston, Texas
Graduate/professional Faculty/staff
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No. of Beds: 306 No. of Units: 162 Year of Opening: 2001 — 2018
Amenity living at Auden Buffalo
AudenBuffalo.com
Project Data
Auden Buffalo is adjacent to the University at Buffalo. It takes only 4 minutes to get to campus from Auden Buffalo by shuttle bus and 12 minutes to visit the shopping centers. Auden Buffalo is in a great neighborhood with well-equipped living facilities, stores, and business centers. Both bus stations and highways surround the campus, and multiple trains connect Buffalo to different cities across the country. Auden Buffalo is fully equipped with a meeting room, study room, computer lab, gym, swimming pool, high-speed WIFI in common spaces,
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Urban infill
Location: Buffalo, New York
Graduate/professional
No. of Beds: 481 No. of Units: 154 Year of Opening: 2021
Faculty/staff Adaptive reuse
bike room, and many other personalized facilities. Each room is fully furnished with a private bathroom, in-unit washer/dryer, full kitchen with stainless steel appliances and marble counters. Auden Buffalo provides a comfortable living experience for students to balance study and entertainment.
Investments Highlights
Nature living at Auden Ithaca
Auden Ithaca provides 273 rooms to the students. Located within walking distance of Cornell University and only minutes from shopping and dining hot spots, the Commons, beautiful parks, and downtown nightlife, residents have prime access to the best of everything Ithaca has to offer. Its convenient location enriches the life of local students.
AudenIthaca.com
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“Auden Ithaca has become a member of our Auden Student Housing Brand, and we are committed to providing an elevated living experience for students, as well as preserving the interests of our investors. DMG is already undertaking a major renovation project at the property to further improve the quality and style of all apartments.” Jacky He
D M G I N V E S T M E N T S — COMPANY PROFILE
CEO, DMG Investments
Graduate/professional Faculty/staff Transit-oriented Renovation
Project Data
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Location: Ithaca, New York No. of Beds: 273 No. of Units: 94 Year of Opening: 1988 — 2019
Investments Highlights
Historic living at Frederick Lofts
FrederickLoftsApts.com
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D M G I N V E S T M E N T S — COMPANY PROFILE
The Frederick Lofts is located in the Pabst Brewery district in downtown Milwaukee. This historic neighborhood is the home to many independent and local breweries. Frederick Lofts prime location is convenient for downtown businesses, restaurants, bars, retail shopping, the Milwaukee Area Technical College, and Marquette University. Frederick Lofts is a luxury rental building and provides 100 units, including 77 one-bedroom, 20 two-bedrooms, and three work/live lofts. Amenities include outdoor and underground parking spaces, a fitness center, a club room, and an outdoor rooftop deck that has striking views of Milwaukee Bay and the city.
Transit-oriented Adaptive reuse
Project Data
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Location: Milwaukee, Wisconsin No. of Units: 100 Year of Opening: 2016
Luxury living at Arabella
Situated next to the River Oaks District, Arabella is a world renowned High-Rise condominium with 33 floors, 99 units. Arabella accommodates 14 penthouse duplexes with stunning panoramic views of the Houston skyline. Arabella is a custom residential space targeting high net-worth purchasers. Every architectural detail reflects of luxurious and elegant lifestyle, from the stunning entrance facade to the spectacular lobby and tastefully designed interiors. Arabella offers its residents a comprehensive amenity package, including an indoor swimming pool, gym, sauna, fireplace, outdoor BBQ space, and private wine cellar. Most units have balconies and private elevator entries. Penthouses with heated floors and private swimming pools crown the top floors.
Mixed-use
Transit-oriented
Urban infill
Luxury Complex
Project Data
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Location: Houston, Texas No. of Units: 99 Year of Opening: 2018
Investments Highlights
One Park Condos Luxury Condominiums
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D M G I N V E S T M E N T S — COMPANY PROFILE
One Park, located at New Jersey’s Gold Coast, is elevated 240 feet above ground level, which provides an unobstructed panoramic view of the Hudson River and Manhattan skyline. The 14-story residential building has a total construction area of 409,029 square feet. It is designed by the New Jersey based architectural firm, Architectura. Project Data
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Location: Cliffside Park, New Jersey No. of Units: 204 Year of Opening: 2018
“This is one of the most unique sites along the New Jersey Gold Coast as our clifftop location maximizes our natural surroundings and dramatic views span the Hudson River and NewYork City skyline” Jacky He, CEO — DMG Investments LLC
Urban infill Transit-oriented Luxury Complex Adaptive reuse OneParkCondosNJ.com
Curated Photography D M G I N V E S T M E N T S — COMPANY PROFILE
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Conor Sexton Taken on January, 2020 City Hall Park | New York, NY
At DMG Investments, we have always been at the forefront of innovation in the student housing industry. Whether it’s modernizing existing residence complexes or developing new ones, DMG has the knowledge, experience, and flexibility to thrive and substantially differentiate in the marketplace. Our uniqueness stands in our ability to offer a full gamut of management solutions, including marketing, leasing, rent collection, facilities maintenance, custodial, asset management, and student programming. Christian O'Lone
Vice President of Asset Management
Student Housing
Harnessing the power of our team to modernize an industry. Student Housing Approach
Simple & Transparent
1. We Invest
We believe in
We have formed strategic partnerships with debt and equity investors throughout the world. We combine our own capital with our partners’ capital, and together we invest in world-class real estate.
› Effective asset management
› Design and sustainability
31 2. We Develop We use in-house market research, project underwriting, land acquisition, design and pre-construction services, and construction management to ensure that we invest in the right deals and consistently deliver projects with excellence.
3. We Manage We manage the ongoing leasing, budgeting, operations, maintenance and social programming for our residential communities to ensure that our residents are satisfied and our investments perform at peak levels in the long-term.
4. We Partner D M G I N V E S T M E N T S — COMPANY PROFILE
› Data-driven approaches
Our goal is to invest in, develop, and manage real estate that serves as the pillars of community growth – places where people live, work, and play. We work closely with the communities we serve to build student housing and multi-family.
› Accuracy, and schedule › Long-term partnerships
700million 5+
off-campus communities
over10
university partnerships
“We are thrilled to enter new markets and expand in existing ones” Jacky He, CEO — DMG Investments LLC
“Strong partnerships are the lifeblood of DMG, which is why each partnership is led by a committed team from concept to completion” Jeff Amengual, COO — DMG Investments LLC
student housing assets under management
9 years +
of off-campus development and management
D M G I N V E S T M E N T S — COMPANY PROFILE
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Student housing facts
Student Housing
DMG's role in community growth is via full-service real estate investment, development, and long-term management.
By the numbers
5
Operating in Five Markets
4
Student Housing Assets
532
Units Count
1,387
Beds Count
1
New Markets Pipeline
3
New Assets Pipeline
435
Units Pipeline
1,016
Beds Pipeline
What we do in-house
Budget Management & Lease Administration
Operations & Resident Management
New Development Services
› Strategic oversight › Recurring internal audits › Revenue management
› Business plan & financial management › Property staff training › Residence life program › Reputation management › Incident/risk management
› Market studies › Product-market test analysis › Pre-leasing strategy › Branding & initial marketing plan › Pre-leasing office design & build-out
Marketing & Leasing
Accounting Services
› Website management › Staff leasing traning › CRM tools and services › Social media, PPC, SEO mgmt. › Custom design work › On-site sales support › Brand management
› Operating budgets › Monthly financials & reforecasts › Collections › Lease audits › Accounts payable
dmginvestments.com/studenthousing
Partnerships
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Leveraging a global ecosystem of leading partners. At DMG, we engage with our global ecosystem of leading business partners to assist in solving their toughest challenges. We identify those partners who can best serve the sectors we operate in by creating innovative, value-added custom solutions.
Unique Partnerships
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Through our strategic partners' network, we unlock new value sources as well as optimize existing value streams. It helps us develop new business models, automate processes to boost performance, and enter new global markets.
D M G I N V E S T M E N T S — COMPANY PROFILE
dmginvestments.com/partnerships
“Delivering tailored propositions in the banking, development, and strategic planning sectors� Ariel Hai SVP of Finance and Acquisition
Closing Statement
Final word JACKY HE — CHIEF EXECUTIVE OFFICER
“I do hope you enjoy this edition of The Company Profile. As always, my colleagues and I are keen to support and guide you.” As I noted in my introduction, we build long-term relationships that enable us to provide personalized, clear, and considered investment advice on all areas of property in every key market. We believe that our inspired teams naturally provide excellent and dedicated expertise, which is why we have seamlessly created a working environment where opinions are respected and given the opportunity to contribute to our business's success. At DMG, excellence is recognized and rewarded. The result? A motivated team dedicated to ensuring that your experience with us is the best it can be.
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To summarize, developing our company profile for the past nine years has undoubtedly been a significant highlight of my time at DMG Investments. Firstly, because the feedback we get from our investors and internal teams suggests that they find it incredibly useful, which is always gratifying. And secondly, because the process of compiling every edition has given our firm a broader perspective on company growth.
D M G I N V E S T M E N T S — COMPANY PROFILE
I hope you feel that The Company Profile delivers on our commitment to excellence. Your feedback, thoughts, and ideas are always appreciated.
dmginvestments.com/people
Contacts
Contacts
Publications
For all investments enquiries please contact
For all student housing enquiries please contact
Ariel Hai +1 (646) 930-0212 arielhai@dmginvestments.com
Christian O'Lone +1 (603) 841-0564 ChristianOLone@dmginvestments.com
The Company Profile is just one of a series of publications and reports published by DMG Investments throughout the year. Subscribe at the URL below to receive our publications, either by email or post:
For all marketing enquiries please contact
For all marketing enquiries please contact
David Ramos +1 (646) 930-0211 davidramos@dmginvestments.com
David Ramos +1 (646) 930-0206 davidramos@dmginvestments.com
Student housing market report Q4
Our response to Coronavirus COVID-19
Updated: March 10, 2020
Updated: March 10, 2020
Document intended to provide insight and best practices rather than specific advice.
Document intended to provide insight and best practices rather than specific advice.
dmginvestments.com/publications DMG
I N V E S T M E N T S
CONFIDENTIAL AND PROPRIETARY: Any use of this material without specific permission of DMG Investments is strictly prohibited
DMG
I N V E S T M E N T S
CONFIDENTIAL AND PROPRIETARY: Any use of this material without specific permission of DMG Investments is strictly prohibited
Important notice Š 2021. All rights reserved. The company profile is produced for general interest only; it is not definitive and is not intended to give advice. It must not be relied upon in any way. Although we believe that high standards have been used in the preparation of the information, analysis and views presented in The company profile, no responsibility or liability whatsoever can be accepted by DMG Investments for the contents. As far as applicable laws allow, we do not accept responsibility for errors, inaccuracies or omissions, nor for loss or damage that may result directly or indirectly from reliance on or use of its contents. Readers should not take or omit to take any action as a result of the information in The Company Profile. No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without prior written permission from DMG Investments LLC for the same, including, in the case of reproduction, prior written approval of DMG Investments LLC to the specific form and content within which it appears. In preparing The Company Profile, DMG Investments does not imply or establish any client, advisory, financial or professional relationship, nor is DMG Investments or any other person providing advisory, financial or other services. The Company Profile is compiled from information contributed by various sources including DMG Investments.
Engage with us If you’d like to get in touch with us, please email info@dmginvestments.com. We’re online at dmginvestments.com/contact and on LinkedIn, and you can listen to our startegies by listening to our podcast, PANORAMA. Download our app and gain access to DMG Insights and our entire ecosystem.
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