5 predictions for local real estate in 2020

Business Journal | January 02, 2020

The new year is here, and with just about every economic indicator running strong, it looks to be another momentous one for local commercial real estate. After our own on-the-curve grading of 2019 predictions left us with a D on a grade basis, there’s plenty of room to do better at looking ahead. So, let’s give it a shot. Take a look around that expanse north of downtown Sacramento these days, and it’s like watching roadies set up for the main band to take the stage. New roads, underground work and grading all set the stage for as many as five projects, including a Major League Soccer stadium, to kick off in 2020. This train is ready to leave the station.

Spotlight

Although only half of surveyed households believe the economy is currently improving, nearly all young renters eventually want to buy a home, and a convincing majority still view homeownership as part of their American Dream, according to a new quarterly consumer survey released by the National Association of Realtors.

Spotlight

Although only half of surveyed households believe the economy is currently improving, nearly all young renters eventually want to buy a home, and a convincing majority still view homeownership as part of their American Dream, according to a new quarterly consumer survey released by the National Association of Realtors.

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REAL ESTATE TECHNOLOGY

Monthly Distribution Announced by Neuberger Berman Real Estate Securities Income Fund

Neuberger Berman | March 31, 2021

Neuberger Berman Real Estate Securities Income Fund Inc.has reported a circulation presentation of $0.0312 per portion of basic stock. The appropriation declared today is payable on April 30, 2021, has a record date of April 15, 2021 and has an ex-date of April 14, 2021. Under its level dissemination strategy, the Fund expects that it will make normal month to month conveyances, subject to economic situations, of $0.0312 per portion of basic stock, except if further move is made to decide another sum. There is no confirmation that the Fund can generally pay an appropriation of a specific sum, or that a conveyance will comprise of just net venture pay. The Fund's capacity to keep up its present dissemination rate will rely upon various elements, including the sum and strength of pay got from its speculations, accessibility of capital gains, the measure of influence utilized by the Fund, the expense of influence and the degree of other Fund costs. The appropriation reported today, just as future conveyances, may comprise of net venture pay, acknowledged capital gains and return of capital. In consistence with Section 19 of the Investment Company Act of 1940, as corrected, a notification would be accommodated any dissemination that doesn't comprise exclusively of net speculation pay. The notification would be for instructive purposes and not for charge revealing purposes, and would unveil, in addition to other things, assessed parts of the conveyance, assuming any, comprising of net speculation pay, capital gains and return of capital. The last assurance of the source and expense attributes of all disseminations paid in 2021 will be made after the year's end.

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REAL ESTATE INVESTMENT

Fathom Realty Launches intelliAgent 2.0

Fathom Realty | January 27, 2022

Fathom Realty LLC, a wholly owned subsidiary of Fathom Holdings Inc. (Nasdaq: FTHM), a national, technology-driven, end-to-end real estate services platform integrating residential brokerage, mortgage, title, insurance, and SaaS offerings for brokerages and agents, today introduced intelliAgent 2.0, the Company's next-generation proprietary, all-in-one technology platform designed to simplify all aspects of brokerage operations and agent transaction management. Accessible anytime, anywhere and on any device, intelliAgent 2.0. features an enhanced CRM system that intuitively allows agents to better serve existing and prospective clients, as well as a host of new marketing resources for building and customizing personalized websites, sending video messages and launching multiplatform marketing campaigns. With the rollout of intelliAgent 2.0, we are excited to bring our agents powerful new tools to compete effectively in today's market. Our wholly owned and fully integrated technology platform offers levels of customization unmatched by our peers, with advanced tools that were previously too expensive or out of reach for most agents, We believe that our platform will attract more agents who are looking for the industry's best and most advanced technology, while also wanting to reduce their fees in order to invest more capital into their marketing to further grow their sales." Josh Harley, Fathom Holdings' founder and CEO. The new intelliAgent 2.0 platform also allows agents to create customized hyperlocal property market reports and neighborhood information through Fathom's technology platform LiveBy Local™, which can be shared with agents' clients and downloaded for display packets and open houses, as well as used to capture sales leads through dedicated, digital links. Available free for all Fathom Realty agents, intelliAgent 2.0 will go live on February 9, 2022. Other key features include: New and improved dashboard for easy navigation and management of daily business activities, active transactions, commissions earned, marketing campaigns, among other platform functionalities. Fully updated CRM system that can easily import new contacts, allow users to schedule tasks, send emails, SMS and video messages. Ability to create, manage and track customized marketing campaigns using social media, email, text and video messaging. Robust marketing resource center that features hundreds of digital marketing designs, outdoor signage and branded materials for all promotion and property management needs. Lead generation and capture tools linked to personalized websites, social media and other platforms. Direct access to Fathom Academy, the Company's new enterprise-wide learning management system. We are thrilled to be able to deliver this powerful new platform to our Fathom agents, The entire intelliAgent team has worked tirelessly to make this product the end-to-end solution that agents need to accelerate the growth of their business. The integration of websites, CRM, marketing, transaction and document management is truly special and takes the intelliAgent product to a new level." Grady Ligon, CIO at intelliAgent. With the rollout of intelliAgent 2.0, we now have everything we need in place to better serve our own agents, as well as begin to take the next steps necessary to license our platform to large teams and small- to medium-sized brokerages, while still giving a technological advantage to those agents who join Fathom Realty directly, It is our desire to help other companies thrive, and not just survive. There are nearly 1.6 million REALTORS® and 86,000 brokerages in the United States, and we fully recognize that not all of them can or will join Fathom. With our technology platform, we believe we can significantly accelerate the growth of our total base of agents by white labeling our platform, in addition to our current recruiting and acquisition strategy." Josh Harley About Fathom Realty LLC Fathom Realty, a wholly owned subsidiary of Fathom Holdings Inc., is a national, cloud-based, real estate brokerage powered by intelliAgent, a proprietary technology platform that simplifies agent transaction management. The Company currently operates in 34 states and the District of Columbia with more than 7,500 agents, who earn higher incomes through Fathom's transaction fee compensation model, plus the ability to offer their clients a host of related services, from title insurance to arranging mortgages, and in some states, homeowner's insurance. Fathom agents also earn stock grants from the Company's publicly traded parent. Fathom Realty is the ninth largest independent firm in the country as ranked by the 2020 Real Trends 500 Ranking Report.

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REAL ESTATE INVESTMENT

Modulaire Group Strengthens Spanish Business With Acquisition Of Balat

Modulaire Group | November 19, 2021

Modulaire Group, a leading business services company specialising in modular space, is pleased to announce it has agreed to acquire Alquibalat, S.L. ("Balat") in Spain. Based in Pamplona, Balat is a leader in the Spanish market for the rent and sale of modular buildings, with a strong presence in the construction sector. It operates over 15,000 units from 15 sites in Spain and Portugal, including in Madrid, Barcelona, Bilbao, Coruna, Malaga, Seville, and Valencia. Balat had revenues of €32 million in 2020 and has approximately 165 employees. The transaction, which remains subject to review by the CNMC, the Spanish competition authority, is expected to close by Spring 2022. "We are delighted to confirm the transaction with Balat, a leader in modular buildings in the growing Spanish market. The strength of the business is a testament to the experience and hard work of Management. I look forward to working with the team." - Mark Higson, Modulaire Group's Chief Executive Officer "We believe the takeover by Modulaire Group will strengthen the future of Balat, support the next phases of growth and provide Balat's team further opportunities to grow their careers. We would like to take this opportunity to thank our professionals for their hard work and commitment in developing Balat's business." - Rafael Baranda, Chief Executive Officer of Balat The acquisition of Balat will be Modulaire Group's fourth acquisition in 2021 and the tenth acquisition worldwide since the beginning of 2020. A targeted acquisition strategy remains one of Modulaire Group's four strategic objectives, alongside an efficient cost base, a focus on optimising sales and granular management of branch level performance, and effective capital investment. About Modulaire Group Modulaire Group is a leader in European modular services and infrastructure. We create smart spaces for people to live, work and learn. Our business is designed to help customers find the right space solution, no matter what their requirements. Modulaire Group has operations in 25 countries with approximately 267,000 modular space and portable storage units and 4,400 remote accommodations rooms. The company operates as Algeco in Europe and Scandinavia, Elliott, Advanté, Carter and Procomm in the United Kingdom, BUKO Huisvesting, BUKO Bouw & Winkels and BUKO Bouwsystemen in The Netherlands, Tecnifor and Locabox in Italy, Ausco in Australia, Portacom in New Zealand, and Algeco Chengdong in China.

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