8 REITs That Deliver Dividend Increases In December

REIT | November 09, 2017

First-level investors those who buy and sell on headlines mistakenly believe that real estate investment trust (REIT) profits will suffer if rates rise.

Spotlight

The Office of the Comptroller of the Currency’s (OCC) Comptroller’s Handbook booklet, “Residential Real Estate Lending,” is prepared for use by OCC examiners in connection with their examination and supervision of national banks and federal savings associations (collectively, banks).

Spotlight

The Office of the Comptroller of the Currency’s (OCC) Comptroller’s Handbook booklet, “Residential Real Estate Lending,” is prepared for use by OCC examiners in connection with their examination and supervision of national banks and federal savings associations (collectively, banks).

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MARKET OUTLOOK

MRI Software Acquires ApartmentData.com, Houston-Based Provider Of Market Research and Data Solutions for Multifamily Properties

MRI Software | August 08, 2022

MRI Software, a global leader in real estate software, has acquired ApartmentData.com, further expanding its MRI Living™ suite of property management solutions for the multifamily market. ApartmentData.com is a Houston-based provider of market research and data solutions that enable multifamily property owners and managers to increase property values by optimizing pricing and occupancy. Founded in 1986, the company provides comprehensive and accurate information on professionally managed properties with more than 50 units, including pricing, concessions, occupancy, amenities, and policies at the floor plan level. The company serves 12 of the fastest-growing metropolitan statistical areas ("MSAs") in the U.S.: Houston, Dallas/Fort Worth, Austin, San Antonio, Atlanta, Phoenix/Tucson, Nashville, Raleigh/Durham, Charlotte, Orlando, Tampa, and Jacksonville. ApartmentData.com supplements its digital collection techniques with direct calling and client communications, helping ensure the highest levels of data accuracy and detail. ApartmentData.com's flagship solution, Competition RADAR™, leverages proprietary algorithms to identify and alert users to relevant competitive trends, provide pricing recommendations, and calculate property- or portfolio-level impact. "Over the last several years, we've significantly expanded our MRI Living portfolio to provide tools that make our clients' lives easier and help them take better care of their residents, businesses, and themselves, Data is critical to helping us deliver on those objectives. With a 'smart data' solution like Competition RADAR, we can provide clients with actionable data and market insights, so they can navigate the future with confidence and gain a competitive advantage." -John Ensign, MRI's president and executive managing director, North America In addition to deepening MRI's footprint in the southern U.S., the acquisition enhances the company's MRI Living suite, an already extensive portfolio of multifamily solutions that empower property owners and operators with AI-first tools to easily manage every part of the residential lifecycle, from lead to lease to renewal. We're thrilled to join the MRI family, Thanks to this acquisition, both our and MRI's clients will be able to take advantage of new and expanded capabilities, which will help them manage real estate portfolios more effectively and profitably. They won't have to wade through specialty providers who require customers to perform their own analysis. Instead, our clients will enjoy access to the combined resources of two well-established players,says Rudy Mui, chief executive officer of ApartmentData.com. John Severance, founder and chief technology officer of ApartmentData.com, looks forward to what he describes as "the next chapter." He states: By leveraging the resources of MRI, we can more easily address the growing demand for insights at a time when most multifamily organizations need to drive occupancy and maximize revenue. Today, MRI serves more than 82% of companies on the National Multifamily Housing Council's (NMHC) list of top 50 U.S. apartment managers. Additionally, MRI solutions support more than 20 million residential units worldwide. MRI will continue to serve ApartmentData.com clients without interruption. Silvermark Partners served as the exclusive advisor to Apartment Data.com. About MRI Software MRI Software is a leading provider of real estate software solutions that transform the way communities live, work and play. MRI's open and connected, AI-first platform empowers owners, operators and occupiers in commercial and residential property organizations to innovate in rapidly changing markets. MRI has been a trailblazer in the PropTech industry for over five decades, serving more than two million users worldwide. Through innovative solutions and a rich partner ecosystem, MRI gives real estate companies the freedom to realize their vision of building thriving communities and stronger businesses.

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REAL ESTATE INVESTMENT

REZI Launches in Austin with Rastegar Partnership

REZI | September 26, 2022

REZI, the pioneer of Occupancy-as-a-Service, has launched in Austin with a partnership with the city's leading developer, Rastegar Property Company. Rastegar is a technology-enabled private real estate investment firm focused on value-add and development in all asset classes throughout Austin and the Southwest US. The partnership between REZI and Rastegar was announced today by Sean Mitchell, Co-Founder and CEO of REZI. This deal contracts over 200 apartments across 9 buildings with floor plans ranging from studios to 3-bedrooms in West Lake Hills, Mueller, Hyde Park, Highland Heights, Clarksville, South Austin. All units will be onboarded to REZI's innovative AI-powered leasing platform, where REZI will take ownership over all marketing and leasing providing Rastegar with a turnkey guaranteed leasing solution delivering higher asset NOIs across their portfolio. "We are thrilled to be partnering with the "King of Austin Real Estate" not only because Austin is a key market for us, but Rastegar and REZI share the mission of using technology and innovation to make finding and acquiring housing fair, transparent, and accessible for everyone," - Mitchell,Co-Founder and CEO of REZI We were immediately impressed with REZI and what they have provided the previous markets in which they've launched, In just a few years, they have become a highly reputable brand with nationwide outreach and a service that aligns perfectly with our needs and philosophy,said Ari Rastegar, Founder & CEO of Rastegar Property Company. The announcement of this partnership coincides with REZI's launch of their Texas Headquarters at 1920 Mckinney Ave in Uptown, Dallas. About REZI Founded in 2016, REZI leverages state-of-the-art leasing and financial technology to improve and optimize renters' leasing experience and improve property owners' leasing performance. REZI is a privately held company based in New York City. About Rastegar Property Company Rastegar Property Company is a technology-enabled private real estate investment firm focused on value-add and development in all asset classes throughout Austin and the southwest United States. Rastegar and its affiliates have co-invested in or directly own and operate over 13.8 million square feet of real estate across projects in 13 states and 35 cities. The firm specializes in acquiring complex or undervalued assets with opportunities to create value through repositioning, redevelopment, and/or improved operational efficiencies.

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LAWS AND ETHICS,REAL ESTATE ADVICE

Great Place to Work® Names Kimco Realty® One of the 2022 Best Workplaces in Real Estate™

Kimco Realty | September 09, 2022

Great Place to Work® has honored Kimco Realty® as one of the 2022 Best Workplaces in Real Estate™. This is Kimco’s first time being named to this prestigious list, making its inaugural appearance at number 16 in the ranking. Earning a spot means that Kimco is one of the best real estate companies to work for in the country. The Best Workplaces in Real Estate award is based on survey responses from over 23,000 employees from Great Place to Work-Certified™ companies in the real estate industry. According to the Great Place to Work® 2021 Global Employee Engagement Study, 94% of Kimco’s employees said that the company is a great place to work, as compared to 57% for a typical US company. “Kimco’s culture is truly unique. We are a team that values diversity, collaboration, and innovation all of which are a hallmark of our company’s success, I’d like to thank our talented and dedicated associates who have helped us achieve a leadership position in our industry and make Kimco such a special place to work day in and day out.” -Kimco CEO Conor Flynn The Best Workplaces in Real Estate is highly competitive. Great Place to Work, a global authority on workplace culture, selected the list using data analytics and confidential employee feedback. Companies were only considered if they had been a Great Place to Work-Certified™ organization, a designation that Kimco has received for the last four consecutive years. Great Place to Work is the only company culture award in America that selects winners based on how fairly employees are treated. Companies are assessed on the quality of the employee experience they create, with a focus on ensuring that the experience is great for employees of any race, gender, age, disability status, or role within the organization. These companies have adapted to the challenges of an ever-changing workplace by their commitment to inclusive, high-trust cultures where employees are treated as human beings first and foremost, Congratulations to the Best Workplaces in Real Estate,says Michael C. Bush, CEO of Great Place to Work. About Kimco Realty® Kimco Realty® is a real estate investment trust (REIT) headquartered in Jericho, N.Y. that is North America’s largest publicly traded owner and operator of open-air, grocery-anchored shopping centers, including mixed-use assets. The company’s portfolio is primarily concentrated in the first-ring suburbs of the top major metropolitan markets, including those in high-barrier-to-entry coastal markets and rapidly expanding Sun Belt cities, with a tenant mix focused on essential, necessity-based goods and services that drive multiple shopping trips per week. Kimco Realty is also committed to leadership in environmental, social and governance (ESG) issues and is a recognized industry leader in these areas. Publicly traded on the NYSE since 1991, and included in the S&P 500 Index, the company has specialized in shopping center ownership, management, acquisitions, and value enhancing redevelopment activities for more than 60 years. As of June 30, 2022, the company owned interests in 533 U.S. shopping centers and mixed-use assets comprising 92 million square feet of gross leasable space. About the Best Workplaces in Real Estate™ Great Place to Work selected the Best Workplaces in Real Estate by gathering and analyzing confidential survey responses from over 23,000 employees from Great Place to Work-Certified™ companies in the real estate industry. Company rankings are derived from 60 employee experience questions within the Great Place to Work® Trust Index™ survey. Great Place to Work determines its lists using its proprietary For All™ methodology to evaluate and certify thousands of organizations in America’s largest ongoing annual workforce study, based on over 1 million survey responses and data from companies representing more than 6.1 million employees, this year alone. About Great Place to Work® Great Place to Work® is the global authority on workplace culture. Since 1992, they have surveyed more than 100 million employees worldwide and used those deep insights to define what makes a great workplace: trust. Their employee survey platform empowers leaders with the feedback, real-time reporting and insights they need to make data-driven people decisions. Everything they do is driven by the mission to build a better world by helping every organization become a great place to work For All™.

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