Airbnb has removed thousands of listings in Boston as new rule takes effect ahead of the company’s presumed IPO next year

CNBC | December 03, 2019

Airbnb is eyeing a major IPO next year, but this year it faces escalating regulation in cities across the country. The home-sharing company had to comply on Sunday with strict new regulations in Boston that require hosts to register their listings with the city. Boston’s regulations are designed to ban so-called investor units, or properties meant to be residential that are exclusively or primarily used for short-term housing. Such units, lawmakers say, inflate the housing market and drive out long-term residents. The city’s crackdown on Airbnb listings comes amid a wave of similar laws proposed in cities around the world. Such regulations could put a dent in the business model of one of the last tech darlings of the decade that has yet to go public.

Spotlight

Multi-family investments offer investors an opportunity to benefit from geographic markets within the U.S. experiencing superior job growth and real estate appreciation while reducing portfolio volatility, achieving steady income and gaining the potential to benefit from leveraged appreciation. For international investors, multi-family properties also offer ownership of a U.S. dollar denominated real asset. In this paper, we provide an overview of the benefits and risks of multi-family investments as well as alternative forms of ownership for multi-family properties.

Spotlight

Multi-family investments offer investors an opportunity to benefit from geographic markets within the U.S. experiencing superior job growth and real estate appreciation while reducing portfolio volatility, achieving steady income and gaining the potential to benefit from leveraged appreciation. For international investors, multi-family properties also offer ownership of a U.S. dollar denominated real asset. In this paper, we provide an overview of the benefits and risks of multi-family investments as well as alternative forms of ownership for multi-family properties.

Related News

REAL ESTATE TECHNOLOGY

75% Complete Hotel & Casino Resort in Las Vegas Koch Real Estate Investments Acquires Title

prnewswire | February 11, 2021

Koch Real Estate Investments, an associate of Koch Industries, Inc. today reported the obtaining of a to-be-finished Las Vegas resort situated at 2777 South Las Vegas Boulevard. The arrangement is in association with Fontainebleau Development. Koch and its accomplished accomplices give the interesting capacity to consolidate persistent, long haul capital with top tier tasks. Together, the organizations have a shared interest in the recuperation and development of Las Vegas and the friendliness business overall. With Las Vegas' travel industry recuperation in progress, the city has securely returned to a large number of guests since June with significantly more accomplishment not too far off. "We believe strongly in the Las Vegas market and see the property as a great opportunity to contribute to the long-term success and positive trajectory of this vibrant and innovative region," says Jake Francis, President of Koch Real Estate Investments. "We are excited about the partnership and look forward to working together as the project evolves."

Read More

REAL ESTATE TECHNOLOGY

Inducted into the Forbes Real Estate Council by Paul E. Griffin III

prnewswire | December 23, 2020

Paul E. Griffin III, author and CEO of Griffin Living, an imaginative senior lodging engineer, has been accepted into Forbes Real Estate Council, a greeting just network for heads in the land business. Griffin was considered and chosen by a survey board dependent on the profundity and variety of his experience. Models for acceptance incorporate a history of amazing development measurements, just as close to home and expert accomplishments and respects. Griffin has created an abundance of 4 billion dollars of significant worth with his land improvement organizations. He has been respected as Habitat for Humanity's Builder of the Year (Hammer of Hope) and the Building Industry Association's Builder of the Year and now serves on the board for the UCLA Ziman Center for Real Estate. "We are honored to welcome Paul into the community," said Scott Gerber, founder of Forbes Councils, the collective that includes Forbes Real Estate Business Council. "Our mission with Forbes Councils is to bring together proven leaders from every industry, creating a curated, social capital-driven network that helps every member grow professionally and make an even greater impact on the business world." Paul says, "I am honored to be a part of this community and to have the opportunity to connect with like-minded real estate executives. The Forbes Real Estate Council will help Griffin Living as we develop our innovative senior living communities and lead a movement toward giving seniors the dignified and luxurious lifestyle they deserve." ABOUT GRIFFIN LIVING Griffin Living is an award-winning, privately-owned real estate development firm headquartered in Calabasas, CA with experience in developing residential, commercial, retail, and master planning communities. They are currently focused on building a sizable portfolio of senior living communities rooted in the honor and dignity of aging. They prioritize features and amenities that cater to residents' independent, active, and vibrant lifestyles.

Read More

REAL ESTATE TECHNOLOGY

Infutor to Provide Housing and Demographic Data to PropTech Startup ICONYCS

Infutor | May 19, 2021

Infutor, a consumer identity management company, has announced a collaboration with ICONYCS, a housing and demographic analytics PropTech startup. ICONYCS will improve its socio-economic property trend solutions for analysts, risk managers, traders, and public and government service providers with Infutor's comprehensive historical property and Prop estate info. “From the initial concept phase, task one has been to promote homeownership opportunities for any eligible person in the United States,” said David Van Waldick, founder and CEO of ICONYCS and a real estate veteran. We will further segment critical data with Infutor's unparalleled historical property data collection to ensure homeownership is more inclusive in all areas – including lenders' marketing, financing, and allocation decisions – and more people can fulfill the American Dream of homeownership.” Real estate ownership and investment have become a major political, economic, and social problem. End users and strategic collaborators will scan markets nationwide for real estate-centric data points and build intuitive nodes using ICONYCS' socio-economic analytics platform with powerful Microsoft BI reporting functionality. Gary Walter, CEO of Infutor, said, "It's immensely satisfying to collaborate with organizations like ICONYCS who are trying to disrupt markets and increase access to housing inventory for more Americans." “We are honored to be ICONYCS' data partner as they seek to help their clients better understand and access complex socioeconomic housing shifts. Infutor gathers deterministic, authoritative, and permissible data from a variety of sources, including phone data, deed and property information subscription systems, and a variety of other privacy and security-compliant sources. Infutor combines these records into a single identification graph that distinguishes individuals and links them to first-party data. As a result, you'll have a list of unique individual residential backgrounds as well as demographic information. Snowflake's Data Marketplace has the Infutor and ICONYCS data sets. About ICONYCS Residential real estate business priorities are core drivers of political, fiscal, and socially challenging issues, and ICONYCS provides a strategic suite of tools and solutions to market interests in residential real estate. A Socio-Economic Home Ownership analytic system has been designed, developed, and marketed by ICONYCS to end-users and strategic partners. Market analysts, strategic managers, lenders, insurers, economists, the news media, government, and other public and private users will now be able to search nationwide markets down to the state, county, community, neighborhood, and property level, identifying Real estate centric data points and creating intuitive nodes. About Infutor Infutor is a leader in consumer identity management and resolution based on data. The company's sole focus is on allowing brands to have instant access to the most complete and precise information about their customers, right where they need it, so they can make better marketing and risk mitigation decisions. Infutor has been elected to the Inc. 5000 list and named a Best Place to Work by Crain's Chicago and Built-In Chicago in the past year. Infutor is a privately owned firm established in 2003 with Norwest Venture Partners as a strategic investor. The headquarters of Infutor is in Oakbrook Terrace, Illinois.

Read More