BisRing Relaunches new and improved Interactive Online Platform to better reflect its Real Estate business

BisRing Inc. | July 17, 2020

BisRing Inc.,The Ultimate Real Estate Network, is pleased to announce the relaunch of its online platform with an elevated design to better reflect the business.  The company made user experience the top priority and featured new content in its website relaunch. The new sleek, intuitive interface allows users to navigate and easily search for the expansive directory of real estate related services and products they are interested in. A big part of the inspiration behind the relaunch is adding features that highly benefit this real estate online platforms users. This newly redesigned and improved portal allows real estate investors, service providers and various businesses to share their wealth of knowledge by writing BisBlogs at absolutely no cost. BisRing is the first in its industry to openly allow its members to write blogs and post them on BisRing website. This new addition by BisRing demonstrates the company’s transparency compared to other similar platforms that control their blog content by only allowing their own writers contribute to their blogs. At bisring.com this content is based on real life experience that is highly beneficial for the investors and home owners, and provides valuable tips and tricks.

Spotlight

Real estate managers are increasingly turning to technology to improve operational performance across their commercial and/or multifamily portfolios. New, powerful tools are enabling operators to effectively optimize building equipment performance, implement proactive maintenance processes, and automate tenant submeter billing. This paper outlines common problems that keep operators awake at night and how building operation management software can address them.

Spotlight

Real estate managers are increasingly turning to technology to improve operational performance across their commercial and/or multifamily portfolios. New, powerful tools are enabling operators to effectively optimize building equipment performance, implement proactive maintenance processes, and automate tenant submeter billing. This paper outlines common problems that keep operators awake at night and how building operation management software can address them.

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REAL ESTATE TECHNOLOGY

Dibbs Opens Construction Bidding App to Massachusetts to Disrupt the Construction Industry

Dibbs | May 17, 2022

Dibbs Technology is excited to announce the expansion of the iOS app to the Massachusetts area. After a successful launch in Rhode Island, the company is ready to expand its marketplace to Massachusetts. The app is the first of its kind in the construction industry to serve as a marketplace for both construction supplies and services. Rated a Top 10 startup company of 2021 and a 2022 Stevie Awards winner, Dibbs is designed to take the friction out of bidding, buying, and selling products and services in the construction and real estate marketplace. Based out of Newport, Rhode Island, the app has been launched in Rhode Island and currently has over 200 bids on the app with a total value of almost 3 million dollars. CEO and Founder Luke Fleury is also a General Contractor and Real Estate Developer in Rhode Island and explains why he created Dibbs. "I was tired of spending countless hours trying to find the best quotes for my projects, this is what inspired me to create Dibbs." Dibbs is an app that will allow contractors, suppliers, homeowners, and more, to find the people and projects that they want to work with. "With our built-in bidding templates, we cut the time it takes to place and receive bids in half" he adds. Having a CEO who understands the field and operates on a day-to-day basis with other contractors and suppliers, helps us to ensure we are creating a tool that actually helps our users. The COO also expressed that, "Dibbs can help people increase productivity and profitability. The app enables users to save money on their next project with more options and lower costs as well as higher quality." Case Olszewski,Dibbs COO and Co-Founder With the success the Dibbs team has already seen in Rhode Island they are expecting tradesmen in Massachusetts to quickly see the benefit of Dibbs and change the way they are bidding on projects. Users can expect an increase in productivity as well as saving money knowing they are getting the best price and quality on materials. Searching and contacting various sellers often requires multiple searches. While other apps offer lead generation tools, Dibbs provides customization and ease with their all-in-one marketplace for construction bidding.

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REAL ESTATE INVESTMENT

Evernest Merges with Dodson Property Management and Enters Virginia Market

Evernest | July 01, 2022

Evernest, a national, full-service real estate and property management firm, announced a merger with three divisions of Virginia-based Dodson Property Management. The merger will bring Dodson's divisions overseeing single-family property management, small multi-family buildings, and association management into the Evernest portfolio. The merger includes Dodson's entire single-family portfolio of 2,450 units; 1,100 units under its Portfolio Management division of smaller multi-family buildings; and all Association Management operations, encompassing 170 associations and 15,000 units. The names of the divisions will change to Evernest. The merger is Evernest's largest to date, and adds roughly 3,550 single-family homes and small multi-family units to Evernest's portfolio. The deal boosts Evernest's overall portfolio to more than 11,000 single-family homes and apartments under management nationwide and positions Evernest as one of the largest single-family and small multi-family real estate and property management firms in America. Additionally, the deal moves Evernest into the management of homeowners and condominium associations in Virginia and Florida. This merger is really the culmination of two companies that have a similar culture, a similar tech platform, and similar teams that have built legacies in large-scale, single-family property management. A combined company will add value to Dodson and Evernest clients through shared resources, shared values, and shared systems." Matthew Whitaker, Evernest Founder and CEO The merger with Dodson places Evernest's property management and brokerage services into four new single-family markets: Richmond, Fredericksburg, and Williamsburg, Va., as well as Northern Virginia. Dodson has association management operations in Richmond, Northern Virginia, Williamsburg, and Sarasota, Fla. These markets add to the 18 national regions already served by Evernest's elite team of property managers and real estate brokers. Like Dodson, Evernest has focused in recent years on acquiring and merging operations to grow and better support owners and residents. The Dodson merger comes on the heels of 21 previous deals, either mergers or outright acquisitions, made by Evernest. Dodson is one of five deals Evernest has made in the second quarter of 2022 alone. "We have a vision for our own company's growth, and felt scale was necessary to build the best leadership team in the industry and to provide our residents and clients with all of the resources possible to ensure that they have a quality experience," said Duke Dodson, President and CEO of Dodson Companies. "We're extremely close with Matthew and the team at Evernest and have worked together over the years to build our businesses from the ground up, share best practices, and help one another grow, so we felt very comfortable in taking this big step to come together as one." Dodson's existing leadership, operations, and property/association management teams will remain in place in the markets the company serves. Both property owners and residents will experience a seamless transition, maintain the same team members they know, and see continually improving processes and systems. Publicly, Dodson signage will change to Evernest. Dodson's Commercial, Development and short-term rental divisions remain independent and are not included in the Evernest merger. Adds Whitaker: "As we expand into Virginia, and join forces with the Dodson team, we're excited to help residents, owners, and investors achieve their real estate goals and show them what a great property and association management company can be." About Evernest Based in Birmingham, Ala., Evernest operates in 25 real estate markets across the country. It is one of the nation's largest single-family and small multi-family investment broker and property management provider. The firm manages more than 11,000 homes for over 4,100 owners, brokers more than 1,000 investment deals annually, and has made the Inc5000 list five of the last six years. About the Dodson Companies Dodson was founded in 2007 as a property management and real estate company dedicated to the needs of investor owners and tenants. Today, Dodson operates a commercial property management and brokerage division, Dodson Commercial; a real estate development group, Dodson Development; and a short-term rental management division.

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REAL ESTATE INVESTMENT

ASCOTT ACQUIRES OAKWOOD WORLDWIDE TO FAST-TRACK GROWTH TO OVER 150,000 UNITS GLOBALLY

The Ascott Limited | July 05, 2022

CapitaLand Investment Limited's (CLI) wholly owned lodging business unit, The Ascott Limited (Ascott) announced it is acquiring Oakwood Worldwide (Oakwood), a premier global serviced apartment provider, from Mapletree Investments Pte Ltd. The acquisition increases Ascott's global portfolio by 81 properties and about 15,000 units. Oakwood's approximately 8,500 operational units are expected to immediately contribute to Ascott's recurring fee income streams upon completion of the transaction slated in 3Q 2022. Ascott's acquisition of Oakwood will leapfrog Ascott's global presence to more than 150,000 units in about 900 properties across over 200 cities in 39 countries. It will add new markets which include Cheongju in South Korea; Zhangjiakou and Qingdao in China; Dhaka in Bangladesh as well as Washington D.C. in the United States of America (USA). Recently named the 'Best Serviced Residence Brand' in DestinAsian Readers' Choice Awards 2022, Oakwood's award-winning portfolio includes flagship properties Oakwood Premier Tokyo and Oakwood Premier Coex Center Seoul which were ranked top 10 properties in their respective countries in the DestinAsian awards. New properties such as Oakwood Premier Melbourne and Oakwood Hotel Oike Kyoto, will also add to the group's destination highlights. "This acquisition of Oakwood is part of Ascott's roadmap to playing a bigger role in the lodging market. There are significant synergies between Ascott and Oakwood, given our complementary footprint and product offerings. We intend to build on the strong reputation and heritage of the Oakwood brand, especially in markets across Southeast Asia, North Asia and North America. Oakwood will continue to grow alongside Ascott's current portfolio of global brands as we continue to build growth momentum for our lodging business. We will be able to leverage Ascott's extensive expertise as a global lodging player to deliver greater value to our expanded network of loyal customers and property owners. Besides strategic alignment, this acquisition is also notable to Ascott commercially. Ascott's acquisition of Oakwood brings about an immediate boost to our units under management and franchise contracts. The Oakwood portfolio will accelerate the growth of our asset-light business, with added recurring fee income streams, expanded lodging offerings and increased customer base. The strategic moves we have made in the last few years, such as our investments in Quest, Synergy and TAUZIA have charted an unprecedented growth path for Ascott." -Mr Kevin Goh, CLI's Chief Executive Officer for Lodging. Ascott's strategic investments in the past years include its acquisition of Quest Apartment Hotels (Quest), one of the largest serviced apartment operators in Australasia, in 2017 to grow its business franchise arm. In the same year, Ascott invested in Synergy Global Housing (Synergy), a leading corporate housing provider in the USA. In 2018, Ascott acquired TAUZIA Hotel Management (TAUZIA), one of the top hotel operators in Indonesia, to enter the fast-growing mid-scale business hotel segment. With Oakwood coming onboard, Ascott is confident of achieving its target of 160,000 units globally well ahead of 2023. About The Ascott Limited- The Ascott Limited (Ascott) is a Singapore company that has grown to be one of the leading international lodging owner-operators. Ascott's portfolio spans over 200 cities across over 30 countries in Asia Pacific, Central Asia, Europe, the Middle East, Africa, and the USA. Ascott has more than 81,000 operating units and over 54,000 units under development, making a total of more than 135,000 units in over 800 properties. The company's serviced apartment, coliving and hotel brands include Ascott The Residence, The Crest Collection, Somerset, Quest, Citadines, lyf, Préférence, Vertu, Harris, Citadines Connect, Fox, Yello, Fox Lite and POP!. Ascott's loyalty programme, Ascott Star Rewards, offers exclusive benefits to its members when they book directly with Ascott for their stays at its participating properties. Ascott, a wholly owned subsidiary of CapitaLand Investment Limited, pioneered Asia Pacific's first international-class serviced apartment with the opening of The Ascott Singapore in 1984. Today, the company boasts over 30 years of industry track record and award-winning brands that enjoy recognition worldwide. About CapitaLand Investment Limited- Headquartered and listed in Singapore, CapitaLand Investment Limited (CLI) is a leading global real estate investment manager (REIM) with a strong Asia foothold. As at 31 March 2022, CLI had about S$124 billion of real estate assets under management, and about S$86 billion of real estate funds under management (FUM) held via six listed real estate investment trusts and business trusts, and 29 private funds across the Asia-Pacific, Europe and USA. Its diversified real estate asset classes cover integrated developments, retail, office, lodging, business parks, industrial, logistics and data centres. CLI aims to scale its FUM and fee-related earnings through its full stack of investment management and operating capabilities. As the listed investment management business arm of the CapitaLand Group, CLI has access to the development capabilities of and pipeline investment opportunities from CapitaLand's development arm. Being a part of the well-established CapitaLand ecosystem differentiates CLI from other REIMs. As part of the CapitaLand Group, CLI places sustainability at the core of what it does. As a responsible real estate company, CLI contributes to the environmental and social well-being of the communities where it operates, as it delivers long-term economic value to its stakeholders.

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