REAL ESTATE TECHNOLOGY, REAL ESTATE INVESTMENT
Keyway | November 02, 2022
Keyway, the technology platform that radically simplifies commercial real estate transactions, today announced the closing of its first multifamily acquisition in the Dallas-Fort Worth area, the 157-unit Lakeside on Spring Valley apartment community in Richardson.
The complex has 15 buildings with one- and two-bedroom residences, with an average unit size of about 800 square feet. It also has two resort-style swimming pools and frontage on a private lake. Its location at 1000 W Spring Valley Road offers easy access to both Interstate 635 and Highway 75 and a quick commute to some of DFW's major employment centers in Downtown Dallas, Plano, Allen, and McKinney. The Lakeside community will be rebranded after a $3 million renovation.
"We are excited to enter the Texas market with such a well-managed and well-known property. The fact that it has never traded before, coupled with the fact that the deal was transacted off market, are both a testament to how we are approaching multifamily and Texas overall. We want to be the best partner for owners and brokers who are serious about getting deals done smoothly and efficiently, and we expect this to be the first of many transactions for Keyway in the market."
-Matias Recchia, Keyway co-founder and CEO
Keyway dramatically simplifies CRE transactions by reducing costs by 50% and transaction time by 90%, benefiting brokers, sellers, and buyers alike. Keyway also fills an important gap for those institutional investors not structured to handle smaller deals, while at the same time providing a predictable and efficient process for every transaction.
Keyway's platform is built to provide creative and efficient real estate solutions to both investors and to smaller operators, We're seeing tremendous product-market fit and are excited to continue transforming real estate with technology,said co-founder and COO Sebastian Wilner.
Keyway is the company dedicated to building the new CRE ecosystem. They identify opportunities and run transactions smoothly providing an uncommonly simple experience for sellers of commercial real estate. The company launched in 2021 and is headquartered in New York.
MARKET OUTLOOK,REAL ESTATE INVESTMENT
Cherre | November 10, 2022
Cherre, the leading data integration and insights platform, today announced a new partnership with Clear Capital, a national real estate valuation technology company. The partnership will allow Cherre customers to leverage Clear Capital’s expansive property analytics alongside other internal systems and application data, enabling customers to conduct more accurate modeling and better risk assessments, and identify investment opportunities more efficiently and at a lower cost.
As market demand for property investment continues, the need for timely, accurate, ready-to-use property information has become even more pronounced. By partnering, mutual customers will have seamless access to Clear Capital's complete set of property information and analytics, including insights from a wide range of residential properties and 93% of all listings in the U.S., updated daily. Additionally, Clear Capital opens the door to insights on properties that are often unattainable, thus removing the barrier to transaction information in non-disclosure states.
Erlind Dine, head of data partnerships at Cherre, said Clear Capital’s hard-to-source property insights will help provide additional value to Cherre customers. By combining Clear Capital’s comprehensive property analytics with data sources within Cherre, we’re able to make the most up to date, extensive datasets available to our customers.
“Both Clear Capital and Cherre are devoted to granting our customers the highest-quality analytics, By providing seamless integration between various platforms, customers are guaranteed accurate and robust underwriting tools that drive smarter, data-driven decisions for acquisitions and property management."
-James Marshall, director of real estate analytics products at Clear Capital
Clear Capital's data engineering and machine learning capabilities lead the valuation space, with unique approaches to sourcing, aggregating, and analyzing U.S. residential real estate to provide insight on property value with accompanying contextual data.
Cherre specializes in the ingestion, standardization, resolution, integration, and delivery of real estate data from internal, third party, and public data sources. Cherre’s growing Connections Marketplace allows customers to seamlessly connect new data sets, providing a holistic portfolio view contextualized and benchmarked against market-wide intelligence.
Cherre is the leader in real estate data and insight. They connect decision makers to accurate property and market information, and help them make faster, smarter decisions. By providing a unique “single source of truth,” Cherre empowers customers to evaluate opportunities and trends faster and more accurately, while saving millions of dollars in manual data collection and analytics costs. Cherre launched in 2016 and is headquartered in New York City.
About Clear Capital
Clear Capital is a national real estate valuation technology company with a simple purpose: to build confidence in real estate decisions to strengthen communities and improve lives. Our goal is to provide customers with a complete understanding of every U.S. property through our field valuation services and analytics tools, and improve their workflows with our platform technologies. Our commitment to excellence – wherever it leads, whatever it takes® – is embodied by our team members across four brands (Clear Capital, Clario, CubiCasa, and REO Network) and has remained steadfast in this pursuit since our first order in 2001.
REAL ESTATE TECHNOLOGY,INVESTMENTS
MRI Software | December 29, 2022
Marlette Holdings, Inc., one of the leading financial technology companies that operate the Best Egg platform, recently announced a partnership with MRI Software, a global leader in real estate solutions.
The Best Egg Flexible Rent platform allows tenants to customize their monthly rental payments by dividing the total amount into several smaller, more manageable installments that can be paid at any time during the month.
Due to the integration of this technology within MRI's RentPayment service, residents can now choose Flexible Rent as a payment option without leaving the MRI portal. In addition, millions of renters are managed nationwide by the open and linked software created by MRI, which is used by thousands of multifamily property managers.
Best Egg is committed to giving its clients the resources they need to manage their daily finances while fostering financial confidence. Therefore, the company is happy to collaborate with MRI to give payment flexibility to the renters who use its software. The company's new Flexible Rent platform is a natural extension of that aim. Flexible Rent gives tenants more control over how and when they pay bills and guarantees timely and full rent payments to property managers.
As part of the Partner Connect program, MRI Software is pleased to welcome the Best Egg Flexible Rent platform since it believes the combined technology will provide tenants greater freedom to manage their rent responsibilities while lessening the administrative burden on property managers. Flexible Rent will be offered to multifamily property managers and tenants via MRI RentPayment beginning in the first quarter of 2023 and will be rolled out to additional properties over time.
About MRI Software
MRI Software transforms how communities live, work, and play. Its flexible, open, and connected platform empowers commercial and residential property owners, operators, and occupiers to innovate in changing markets. MRI has been a PropTech pioneer for over 50 years, serving over 2 million consumers. MRI's leading technologies and partner ecosystem help real estate companies grow and compete.