BOTS, Inc. Announces ECM has Awarded an Exclusive $400,000 Contract for The Company to Develop a Real Estate Industry Blockchain-Powered

Bots, Inc. | August 12, 2020

BOTS, Inc. Announces ECM has Awarded an Exclusive $400,000 Contract for The Company to Develop a Real Estate Industry Blockchain-Powered
BOTS, Inc. (OTC: BTZI) (GERMAN EXCHANGE: M06.SG), an emerging innovator of products, technologies, and services for the rapidly growing digital robotic automation and manufacturing industry announced today that Elbrus Capital Markets (ECM) has awarded an exclusive $400,000 contract for the Company to develop a Real Estate industry blockchain-powered supply chain management platform. The contract is contingent on ECM receiving additional funding from accredited investors unless Bots elects to receive partial or all payments in the equity ownership of ECM.

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INVESTMENTS

Bascom Group Extends Buying Spree Into 2022 With 140 Unit California Multifamily Acquisition

Bascom Group | January 18, 2022

The Bascom Group, LLC ("Bascom") has acquired a two-property, 140-unit multifamily portfolio located in the Northridge neighborhood of the City of Los Angeles. The properties, NMS Northridge and NMS Superior, boast large floorplans consisting of mostly two- and three-bedrooms with each unit receiving a private 2-car garage or two spaces of structured parking. The properties are centrally-located within the San Fernando Valley and sit adjacent to California State University – Northridge ("CSUN"). CSUN has an enrollment of 38,000 students and provides significant resident demand. Bascom purchased the 140-unit property for $52,500,000, or $375,000 per unit. Brightspire Capital (fka Colony Capital) provided the debt financing for the acquisition and was arranged by Mark Strauss and Rob Quarton of Walker Dunlop Capital Markets. Apartment Management Consultants (AMC) will provide property management services. NMS Northridge and NMS Superior represent compelling acquisitions in a high-barrier-to-entry market. Market occupancies have been exceptionally high over the last decade and only a limited amount of new supply is currently under construction. Despite the pandemic-related challenges for many universities and the communities serving them over the past two years, we believe the Northridge submarket will see strong fundamental growth over the next several years driven by limited new housing supply and continued population growth." Bascom Sr. Principal, Chad Sanderson. The properties are located adjacent to California State University – Northridge, a 38,000-student university within California State University system. Although the properties' residents are not all students or university affiliates, the properties' proximity to the university provides consistent demand from a highly educated resident base of students, faculty, and other university affiliates and non-affiliates. Bascom's Senior Vice President of Operations. The properties are just a short walk across the street from the CSUN student recreation center, which will be an incredible complement to our planned amenity upgrades on the properties. Other property upgrades will include unit interior renovations and a rebrand to appeal to a younger, tech-savvy resident base." Julie Schoenbachler. The Bascom Group has been one of the most active apartment buyers in Southern California since its inception in 1996, partnering with institutional and private capital. To date, Bascom has acquired 95 multifamily properties and 15,808 units in Southern California, with 39 of those properties and 5,952 units located in Los Angeles County. Over the past year, Bascom has completed over $1.85 billion in multifamily transactions. About Bascom: Bascom is a private equity firm specializing in value-added multifamily, commercial, and non-performing loans and real estate related investments and operating companies. Bascom sources value-added and distressed properties including many through foreclosure, bankruptcy, or short sales and repositions them by adding extensive capital improvements, improving revenue, and reducing expenses by realizing operational efficiencies through implementation of institutional-quality property management. Bascom, founded by principals Jerry Fink, David Kim, and Derek Chen, is one of the most active and seasoned buyers and operators of apartment communities in the U.S. Since 1996, Bascom has completed over $20.5 billion in multifamily value-added transactions encompassing 349 multifamily properties and over 90,000 units. Bascom has ranked among the top 50 multifamily owners in the U.S. Bascom's subsidiaries and joint ventures include the Bascom Value Added Apartment Investors, Shubin Nadal Associates, Spirit Bascom Ventures, REDA Bascom Ventures, Bascom Northwest Ventures, Bascom Arizona Ventures, Harbor Associates, Village Partners Ventures, and Realm Group. Bascom's subsidiaries also include Premier Workspaces, one of the largest privately held executive suite, coworking and shared workspace companies in the U.S.

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REAL ESTATE TECHNOLOGY

Staley Point Capital and Bain Capital Real Estate Purchased Orange County Industrial Property for $21 Million

Staley Point Capital | May 05, 2021

Staley Point Capital ("Staley Point"), a value-add investor focusing on commercial assets in Southern California, and Bain Capital Real Estate, Bain Capital's real estate investing division, announced today the off-market purchase of a 100,000 square-foot industrial property in Brea, California, for approximately $21 million. "Given the supply barriers to entry and the solid demographics, we hope that this is only the first of many transactions in Orange County," said Eric Staley, Managing Director of Staley Point. "By providing closing assurance on a short timeline, we were able to differentiate ourselves as a buyer." The property is located at 331 Cliffwood in North Orange County, with easy access to the rest of the county via the 57 freeway. The asset has a clear height of 22 feet, four dock-high positions, and is completely leased for five years. This is the fourth sale done by Staley Point and Bain Capital Real Estate. It comes on the back of the newly announced acquisition of a 58,000 square-foot industrial property in Santa Fe Springs, as well as the purchasing of Freeway Point, an 83,000 square-foot industrial property, and a land site in the San Fernando Valley. "This investment represents both our partnership's continued success and our emphasis on investing locally in industrial properties with solid underlying growth fundamentals," said Andrew Terris, Managing Director at Bain Capital Real Estate. "We established North County as an appealing and high-performing submarket, and we look forward to capitalizing on additional prospects in the area that fit with our thematic and value-added investment strategy." Staley Point Capital and Bain Capital Real Estate have formed a joint venture to reposition and redevelop existing infill industrial sites near dense urban centers, mainly in Southern California. Staley Point Capital's legal counsel on the deal was Greenberg Traurig, LLP. Pacific Partners advised both the buyer and the seller, while JLL Capital Markets will handle the loan financing. About Staley Point Capital Staley Point Capital is a real estate investment company headquartered in Los Angeles. Kevin Staley founded the firm in 2019 to acquire value-add and opportunistic real estate investments, mainly in the industrial sector. Notable Southern California assets have included The Citadel in Commerce, Magellan Gateway in El Monte, and Magellan Storage, a self-storage portfolio. About Bain Capital Real Estate Bain Capital Real Estate was established in 2018 and invests in often difficult-to-access markets that are supported by long-term structural developments that fuel long-term demand growth for real estate assets and services. Since 2010 (previously as a member of Harvard Management Company), the Bain Capital Real Estate team has been executing its plan, investing over $4.5 billion in over 440 assets across various industries. Bain Capital Real Estate focuses on small to mid-sized assets, where the team leverages its extensive market knowledge to accelerate impact and drive operational improvements. Bain Capital Real Estate's strategy is consistent with the value-added investing model pioneered by Bain Capital, and it leverages the firm's global platform and vast expertise across asset classes to further strengthen its knowledge and sourcing capabilities.

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Zillow Forecasts a Dip in Home Prices, Rebounding By Next Year

Zillow | May 04, 2020

Buyer demand and healthy housing-market dynamics will prevent U.S. home prices from dropping more than 2-3% -- or more than 1.7% year over year -- in the wake of the coronavirus, according to a forecast released today by Zillow®. The forecast says home sales will fall as much as 60% this spring and take through the end of next year to recover, while prices will fall through the year but recover a few months sooner. The recovery is likely to look like a checkmark, with transactions building at a pace of about 10% each month through the end of 2021, according to the forecast by Zillow Chief Economist Svenja Gudell and her team of economists and analysts.

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Spotlight

NMHC is where the industry ’ s best and brightest gather to shape a positive future for their businesses, the industry and the communities they help build. Here ’ s how.