REAL ESTATE TECHNOLOGY, REAL ESTATE INVESTMENT
MAXX Properties | March 02, 2023
On March 01, 2023, a leading real estate organization, MAXX Properties, plans to implement software to manage all post-resident accounts receivable by Pay Ready, a multifamily premier post-resident payment system.
Chief Operating Officer of MAXX Properties, Genevieve Bauer, joined the organization last August and focused on maximizing the cash flow and value. With more than 9,300 units and a growing inventory, Gen was aware that technology was the key to maximizing yield. With her years of expertise in strategic property management operations, she thought back to the times she had worked with Pay Ready as a supplier.
Pay Ready's platform redefines the post-resident recovery process of MAXX Properties. The platform integrates with the property management software and controls the move-out process. Its automated messaging is augmented with human interactions and follow-up. Within the CRM, the onsite teams now have a centralized repository for their notes, which can be tracked and reported in real-time. With this platform, the owners and operators can have a robust solution and customized and empathetic brand communication for residents from the start, along with a simplified payment process and final payment arrangements.
Chief Operating Officer at MAXX Properties, Genevieve Bauer, said, "Making the decision to switch to Pay Ready was simple. MAXX Properties needed to centralize its post resident recovery efforts and have true insight into the data. Pay Ready's platform provides advanced technology along with real-time data and key metrics to give our operations' team the ability to make informed data-driven decisions, moving our business forward while maximizing our post resident recovery receivables."
(Source – Business Wire)
About MAXX Properties
Based in Harrison, New York, MAXX Properties is a privately held company comprising commercial, multifamily, and cooperatives. It was established in 1936 under the fourth generation of Wiener family leadership. Its portfolio consists of 39 communities containing 9,351 owned multifamily units in six states, 992 sponsor units and 32 managed cooperative units in New York. In addition, the company offers a wide range of training and educational courses specifically designed to equip teammates with the skills needed to deliver exceptional service to residents.
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MARKET OUTLOOK,REAL ESTATE TECHNOLOGY
ZestyAI | January 13, 2023
ZestyAI, a pioneer in AI-powered solutions for climate and property risk assessments, announced a partnership on January 12, 2023, with a renowned software, data, and analytics company Black Knight, Inc.
The market leader will offer its mortgage, real estate, and capital markets clients access to ZestyAI's property risk analytics platform, Z-PROPERTYTM, in order to deliver fast property-condition reports and risk insights.
ZestyAI's Z-PROPERTY technology extracts insights from aerial and satellite photos for over 150 million residential and commercial properties using computer vision and machine learning. ZestyAI maintains a digital twin of every property in North America that is continuously updated as changes in property condition, upkeep, and renovations affect each property's fluctuating worth and risk.
Black Knight clients benefit significantly from Z-PROPERTY data when assessing property conditions. ZestyAI's technology examines features from each particular property, such as roof condition, to provide property-specific insights that will provide Black Knight's clients with an easy and cost-effective solution to improve their evaluation of property worth and risk throughout the mortgage life cycle.
Julian Grey, Executive Vice President, Mortgage & Capital Markets Product Management at Black Knight Data & Analytics, said, "We're always looking to deliver even more powerful data and insights for our customers, and ZestyAI's property analytics platform immediately stood out." She added, "Investors and creditors will now have instant access to detailed property condition data much earlier in the origination cycle. Offering ZestyAI's roof condition assessment and other insights is a huge win for our customers."
(Source - PR Newswire)
In line with this, Attila Toth, Founder and CEO of ZestyAI, said, "Black Knight is the leading provider of rich data and analytics for the mortgage and real estate industries where real-time data and decisions are the new normal." "We're proud to provide Black Knight's clients with our unique property insights to further improve speed and accuracy during every step of the home acquisition and financing process," he concluded.
(Source - PR Newswire)
About ZestyAI
ZestyAI provides insurers and real estate firms with comprehensive intelligence on every property in North America. The company employs artificial intelligence, including computer vision, to deliver a continually updated database of 200 billion property insights, which account for every aspect that can affect a property's value and associated hazards, including the possible impact of natural disasters.
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REAL ESTATE INVESTMENT, MORTGAGE AND LENDING
Crexi and CCIM Institute | February 10, 2023
The industry's leading commercial real estate (CRE) marketplace, data, and technology platform, Crexi, recently announced a partnership with the CCIM Institute. This partnership will help the CCIM Institute to create a design-only benefit known as the CCIM Property Listing Service. For instant access to thousands of CCIM Designee listings around the country, CCIM Designees can now link their Crexi and CCIM accounts.
This partnership will allow CCIM Designees to subscribe to Crexi's PRO offerings at a discounted annual price. This includes higher rankings in property searches and AI-generated property blasts that reach more qualified buyers with complete contact information. Additionally, the members with a PRO subscription to the platform get complete access to intelligence, sales comps, and research. To this day, Crexi's database has 13 million+ sales in the United States and 153 million property records with ownership contact information.
Crexi is honored to partner with the CCIM Institute continued as the global standard for commercial real estate professionals for more than 55 years, including appraisers, lenders, brokers, developers, asset managers, investors, and other allied professionals. In addition, Crexi continued to be a chosen provider for the National Association of REALTORS (R) (NAR), with experience and gained expertise to provide quality and updated data to professionals who require quick and efficient access.
About Crexi
A robust marketplace and technology platform, Commercial Real Estate Exchange, Inc. (Crexi), is changing how commercial real estate professionals do business by making deals happen faster and giving more people access to properties and industry data. In 2015, the company started a journey to change the commercial real estate (CRE) industry, intending to create a central hub where stakeholders could market, analyze, and trade commercial property from a single source. As a result, it empowers two million+ brokers, buyers, and tenants monthly to explore property values of more than $2 trillion nationwide.
About CCIM Institute
A Certified Commercial Investment Member (CCIM) is a commercial and investment real estate expert. Its courses and global community deploy ways of commercial real estate investment and tools that boost the pathway between opportunity, a go/no-go decision and success for an asset, according to the instructions by industry leaders. Through its 55 chapters, the organization continues to revolutionize best practices and raise the commercial real estate professional through its core designation program to earn the CCIM Pin. Additionally, CCIM membership includes the industry's leading technology and operational platform.
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