REAL ESTATE INVESTMENT
Switch | October 13, 2022
Switch Automation, a global technology company for digitizing and decarbonizing buildings, has announced the launch of a freemium energy benchmarking solution for global building portfolios. This move in the industry aims to democratize access to building performance data and accelerate decarbonization of the built environment during a time when building owners and operators are under increased regulatory and shareholder pressure to meet ESG and net-zero goals within tight time frames.
Switch Automation’s Portfolio Benchmarking Basics is an interactive portfolio management tool that lets users view energy data to identify underperforming buildings to target energy efficiency improvements. Users can bring in up to 20 utility bills to build a reserve of historical energy data and quickly identify opportunities and threats to target energy reductions and meet ESG and corporate net-zero goals.
"The industry is well-aware of the magnitude of impact decarbonizing buildings has, but there are two major challenges – cost and change. Doing things the way they've always been done means some landlords have decided to pay penalties rather than address energy improvements. That means, today there is a higher cost than ever of doing nothing, We understand this hesitation is rooted in low energy costs compared to the upfront costs for overcoming change. That's what we aim to address by opening up access to Switch's energy benchmarking. We can help the building owners and operators meet sustainability goals while also future-proofing their operations and saving them money."
- Deb Noller, CEO and Co-Founder of Switch Automation
In response to the passing of the U.S. Inflation Reduction Act, Australia's federally mandated NABERS ratings, the introduction of NABERS into the UK, the EU Taxonomy, and various other geographical decarbonization commitments, building owners and operators are increasingly investing in energy efficiency and digital portfolio management to more proactively address building performance.
What’s Included in Portfolio Benchmarking Basic:
Comprehensive data analysis
Benchmarking and sustainability dashboards
Infinite utility uploads and calculations
"Next step” visualizations
Since launching the world’s first cloud-hosted operation platform in 2012, Switch's technology has been deployed across asset portfolios in the United States, Canada, Australia, Singapore, Hong Kong, and South Korea, helping buildings optimize energy efficiency and services and improving occupant comfort and brand equity while reducing operating expenses. Switch drives improvement in Net Operating Income (NOI) while lowering building emissions. Switch has set an ambitious goal to save over 1 million tons of carbon from their clients’ buildings.
Switch Automation is launching freemium Portfolio Benchmarking Basics platform at CREtech New York 2022, which brings together the world’s leading community of professionals devoted to technological innovation in the real estate sector.
Switch Automation is a global technology company that helps property owners and facility managers reduce operating costs, improve energy efficiency and deliver exceptional occupant satisfaction. Our comprehensive smart building platform integrates with traditional building systems as well as Internet of Things (IoT) technologies to analyze, automate and control assets in real-time. We serve enterprise customers and partners in a variety of industries including financial services, retail, grocery, commercial real estate and more.
REAL ESTATE TECHNOLOGY,REAL ESTATE INVESTMENT
RAD Diversified | November 28, 2022
RAD Diversified ("RADD") is pleased to announce the limited re-opening of its elite Inner Circle program for a select number of new members.
RADD's exclusive Inner Circle began in 2015 as a way for interested real estate investors to partner with RADD on select properties and opportunities. RADD will host a live webinar for all interested investors on November 28 at 7 pm EST. See registration details below.
"Our Inner Circle is the upper echelon of our business. It's the top investment tier of RADD. We first opened this exclusive club in 2015 at the urging of our shareholders and other stakeholders who wanted a way to invest directly alongside us in choice real estate opportunities,"
- Co-founder and CEO Dutch Mendenhall
During our upcoming live event, we'll discuss the state of real estate going into the end of the year, offer a Q&A, and also highlight some of our recent success stories, Examples like our Inner Circle member Kitson, who turned a $20,000 investment into more than $90,000 partnering with us on a property in Big Bear, California,Mendenhall continued.
What we are most proud of with Inner Circle is the track record. Since launching it over seven years ago, not a single Inner Circle member has lost a penny on any deal they've partnered on. We realize – and value – how special this is, added Co-founder Amy Vaughn.
Participation in Inner Circle is strictly limited to ensure a truly bespoke experience for each member. The event marks the final time Inner Circle opens to new members for the foreseeable future.
About RAD Diversified:
RAD Diversified is a real estate investment company that offers multiple ways to invest in residential, commercial, construction, and farmland real estate assets. Our RADD REIT adjusts its share price quarterly based on changes in its portfolio's underlying net asset value. Since its inception, RAD Diversified REIT and Companies have amassed over $100,000,000 in diverse property assets.
MORTGAGE AND LENDING
SimpleNexus | September 30, 2022
SimpleNexus, an nCino company and developer of the leading U.S. homeownership platform for loan officers, borrowers, real estate agents and settlement agents, announced today that EMM Loans has chosen SimpleNexus’ Nexus Engagement™ and Nexus Origination™ to power an electronic mortgage experience, attract and retain top talent and garner more business for its retail, wholesale, correspondent and consumer direct lending channels.
Founded in 2004, EMM Loans is a New Jersey-based lender offering private, direct and affordable mortgage loans. With 91 loan officers licensed in 38 states, EMM Loans provides best-in-class customer service using innovative technology. EMM Loans selected SimpleNexus to streamline its homebuyer experience, attract new business and drive referrals from real estate professionals.
EMM Loans will leverage SimpleNexus as a recruiting and retention tool, using its mobile lead engagement tool, Nexus Engagement, and its from anywhere point-of-sale (POS) platform, Nexus Origination, to support collaboration with real estate agents and deliver a better borrower experience. SimpleNexus integrates with EMM Loans’ core technology stack, including its loan origination system (LOS), market analytics and product pricing engine (PPE) and customer relationship management (CRM) platform.
“At EMM Loans, we support our expert team by giving them the innovative tools they need to attract more business and build lasting relationships, SimpleNexus creates some of the strongest digital homebuying tools for mortgage lenders. Adopting its technology will allow our loan originators and real estate partners to provide a streamlined homebuying journey that converts more borrowers and wins customers for life.”
-EMM Loans Senior Vice President Brad Miller
SimpleNexus is thrilled to partner with EMM Loans, a mortgage lender that cares about the experience of its team members and the communities it serves, We look forward to the opportunity to support the exemplary service and award-winning company culture that EMM Loans is known for,said SimpleNexus CEO Ben Miller.
SimpleNexus, an nCino company, is an award-winning developer of mobile-first technology for the modern mortgage lender. U.S. lenders depend on our namesake homeownership platform to unite the people, systems and stages of the mortgage process into a seamless, end-to-end solution that spans engagement, origination, closing and business intelligence. By helping lenders manage their teams and stay connected with borrowers and real estate professionals, we deliver a measurable return on investment in the form of reduced turn times, increased loan application submissions and more referral business. A four-time Inc. 5000 company, SimpleNexus has been recognized as one of the world’s Best Workplaces for Innovators.