REAL ESTATE INVESTMENT

33 Holdings LLC & Beers Housing Inc., Merge Operations & Service Lines to create a Vertically Integrated Real Estate Platform.

33 Holdings, LLC | August 13, 2021

33 Holdings LLC & Beers Housing Inc., Merge Operations & Service Lines to create a Vertically Integrated Real Estate Platform.
33 Holdings LLC announced the signing today of a merger agreement to acquire interest in Beers Housing Inc., a General Contractor and a leading service provider in mortgage field services, maintenance, rehab, construction and development in the southeast US. The M&A is expected to strengthen 33 Holding's vertically integrated real estate platform executing value-add and opportunistic real estate projects.

"Joining 33 Holdings LLC is an incremental progression in our quest to build a world class mortgage field services and construction service business," commented Chad Beers, Founder & Chief Executive Officer of Beers Housing Inc. "As part of 33 Holdings LLC, we will be able to serve 33's existing portfolio as well as attract new industry-wide clients. This is truly an exciting relationship for our customers, vendors and employees and will help position our business for strong growth in the future," he stated.

"This investment in Beers Housing Inc., presents a great opportunity for 33 Holdings LLC to add a leading mortgage field services & construction services business to our platform," stated Sanjay Raghavaraju, Founder & Chief Executive Officer of 33 Holdings LLC.

"With this merger, it will create a fully functional private equity real estate company that will create higher returns and faster delivery of real estate projects to our clients," stated Corey Oldknow, Broker & Chief Acquisitions Officer of 33 Holdings LLC.

Under the terms of the agreement, Beers Housing Inc., will operate under the Beers Construction Partners (BCP) name and under the current leadership. In addition, Heather Beers, Managing Partner of Beers Housing Inc., will take on the role of Chief Operating Officer (COO) at 33 Holdings LLC & Beers Housing Inc., helping with the integration of the two companies while ensuring value to Investors and Clients over the next few months. Both Chad Beers & Heather Beers will join Corey Oldknow & Sanjay Raghavaraju as Principals of 33 Holdings LLC.

"Beers Housing Inc., is excited to join the 33 group of companies," said Heather Beers, Managing Partner of Beers Housing Inc. "Our respective cultures, goals and investment philosophies are very much aligned. Beers Construction Partners (BCP) will remain a leading Mortgage Field Services & Construction Services firm, now benefiting from the support of 33's significant financial and operational resources. The partnership with 33 ensures that BCP's principals will remain majority-owners of the firm. With this integration, we see a growth opportunity given the seismic shifts in the real estate market, which our partners and staff will thrive, enabling us to better serve our investors and impact the communities we operate in."

About 33 Holdings LLC (33)
33 Holdings LLC specializes in real estate investment, acquisition, development, construction and asset management across the Southeast US with a concentration on primary and secondary markets. Sanjay Raghavaraju founded 33 Holdings LLC on the premise that investment in real estate should be driven by sound market fundamentals, a flexible time horizon and strong alignment of interest between investors and managers. 33 Holdings has a strong track record of driving investment results. 33 Holdings differentiates itself by providing hands-on real estate investment management, creative deal structuring, and transparent communication with investors.

About Beers Construction Partners (BCP),
Beers Construction Partners specializes in maintaining and adding value to bank and investor assets throughout the Southeast by using a hands-on approach with a hybrid employee/subcontractor base model.  Chad Beers, founded Beers Housing in 2007 with a strong focus on the mortgage field service space as well as fix and flip and has been able to adapt to various services lines with the strong leadership and client relationships brought in by Heather Beers to not only meet but exceed the industry and economical needs in the housing market.  Beers Housing now has multiple service lines to include mortgage field services, maintenance, rehab, ground up construction and development.

Spotlight

Perfect opportunity to Develop in Lakewood. Great location with a large lot. The building is 1,776 SQ. FT (1,116sf above ground and 660sf for the unfinished basement) and the lot is 35,632 SQ. FT. Building is being sold as-is. Land could be developed into retail

Related News

CRMLS Launched Builders Update to Bring Real Estate Professionals Access to Newly Constructed Homes

California Regional Multiple Listing Service | July 15, 2020

California Regional MLS (CRMLS), the nation's largest and most recognized multiple listing service, continues to add to the product portfolio it offers its users throughout California. Today, CRMLS launched Builders Update across its footprint, bringing a powerful search tool to its userbase at no additional cost. Designed by real estate agents for agents, Builders Update is an easy-to-use search tool that collects and presents listing data for new homes, to-be-built homes, and condos. The feature "New Home Spotlight" allows agents to present themselves as the new home expert by providing a personalized and branded search tool for buyer prospects, including agent logo, picture, and contact information.

Read More

REAL ESTATE INVESTMENT

Bitcoin Buys Australian Real Estate

Lloyds Auctioneers & Valuers Pty Ltd | October 11, 2021

The innovative online auction house is proving to be a disruptor in yet another market, with the combination of properties starting at just $1, a gazump-free guarantee and accepting all forms of payment including cryptocurrency, Lloyds is challenging the traditional real estate model. Throughout COVID lockdowns this veteran auction house has used high quality audio/visual walkthroughs of each property along with millions of items sold, to morph itself over the last 5 years into a digital disruptor of over a dozen different verticals including art, classic cars, diamonds, NFT's and earthmoving machinery. The Lloyds Auctions platform operates with a combination of live on-site bidding, online bidding, phone bidding and absentee bidding that all simultaneously combine to create the same live auction experience, and for bidders unable to attend physically Lloyds live streams a multi-camera simulcast production worldwide. The use of cryptocurrency as a payment method is becoming more commonly used for purchases as confidence surrounding cryptocurrency gets stronger. This opens up our platform to a whole new audience who otherwise might not have been interested in purchasing property, This is an online auction first and we are extremely excited to offer this new technology to our ever growing worldwide clientele base expanding our company into a new division in a way that no other auction house has done before. - Lee Hames, Chief Operating Officer for Lloyds Auctioneers and Valuers. The first online property auctions were launched 3 days ago with millions of dollars of bids already received it looks like bidders are more than comfortable with this new online real estate model.

Read More

REAL ESTATE INVESTMENT

New York Life Real Estate Investors announces the closing of its Structured Debt Fund for Madison Square

prnewswire | October 28, 2020

New York Life Real Estate Investors ("REI") today announced the final closing of its Madison Square Structured Debt Fund ("Fund"), a commingled, high yield real estate debt vehicle. With nearly $500 million of committed capital, this closed-end fund will originate bridge loans collateralized by institutional-quality office, multifamily, industrial, retail, and other niche sector assets in primary and secondary markets in the United States. The vehicle will originate roughly $1 billion of senior bridge loans in total. John Lippmann, an industry veteran and head of structured debt at REI, serves as the portfolio manager for the Fund. Mr. Lippman and his team have originated nearly $5 billion of structured loans since 2012 and have established a very strong track record and pipeline.

Read More

Spotlight

Perfect opportunity to Develop in Lakewood. Great location with a large lot. The building is 1,776 SQ. FT (1,116sf above ground and 660sf for the unfinished basement) and the lot is 35,632 SQ. FT. Building is being sold as-is. Land could be developed into retail