REAL ESTATE TECHNOLOGY, AGENT
Cadre | March 01, 2023
On February 28, 2023, Cadre, a technology-driven real estate investment management leader, announced its launch of an individual retirement account (IRA) solution. Through the solution, the investors are enabled to allocate their IRA funds into CRE (commercial real estate) via the Carde platform. The real estate company anticipates that the new investment option will continue to broaden access to CRE – a typically tax-advantaged asset class with more extended investment periods and attractive risk-adjusted returns relative to stocks.
IRA investors who experienced a challenging year in 2022 would be offered Carde's new solution. According to the Investment Company Institute, between Q1 and Q3 2022, U.S. retirement market assets decreased by more than 18% and lost $7.1 trillion. As per YCharts, S&P 500 Index Returns, and NCREIF Property Index, total returns for all property types IRAs held the majority of retirement assets holding over $11 trillion in assets allocated to equity funds. While S&P 500 index declined by more than 13%, whereas NCREIF Property Index increased by 9.13%.
Cadre's IRA solution follows the 2022 launch of the Cadre Horizon Fund, enabling retirement-focused investors to allocate IRA funds to the Fund via Cadre's online platform. The Cadre Horizon Fund can be held with a number of leading IRA custodians, including Equity Trust Company, The Entrust Group, and Millennium Trust Company. In addition, Cadre's Investor Relations team can help interested investors navigate the allocation process and determine Cadre's compatibility with other preferred IRA custodians.
Based in New York, Cadre is the premier technology-driven commercial real estate investment platform that offers individuals and institutional investors the opportunity to access expertly curated real estate assets with low fees, lower minimums, and unprecedented potential for liquidity. Cadre enables access to a historically opaque and illiquid asset class through its data-driven and transparent methodology. Cadre has closed more than $5 billion in real estate transactions across 25 U.S. markets since its founding in 2014.
REAL ESTATE TECHNOLOGY, REAL ESTATE INVESTMENT
Tavant | March 08, 2023
On March 07, 2023, a Silicon Valley-based custom AI-powered solutions provider, Tavant, announced the launch of Proptech 3.0, its latest phase in Real Estate Technology. This phase of Tavant's Proptech evolution introduces innovation to the real estate industry by providing end-to-end solutions and AI-powered analytics that optimize the ecosystem for all stakeholders. Its extensive and reliable knowledge base allows its partners to unlock the maximum potential of their data while achieving impact and quality at each stage of the data monetization process. Additionally, its multi-sector, multi-generational experience allows scaling start-ups and industry leaders like the nation's third-largest home builder to empower the digital transformation of its adjoining business units to increase flexibility and efficiency, creating a more complete and overall competitive business.
Tavant's revolutionary Touchless Lending® automation solution enabled 9,656 homeownership dreams per day, underwrote more than 80,000 loans, and improved revenue by 250% from the prior year on customer growth of 200%. At the same time, the Proptech sector has been stable over the past year. In addition, Tavant has remained dedicated to its craft and has been awarded the 'HousingWire Real Estate Tech 100 Award' for the third consecutive year.
Tavant develops automated solutions to improve how buyers, sellers, and investors use mobile apps and search engines to find realtors and other critical resources. It automates and optimizes data workflows for enterprises of all sizes to launch revolutionary digital-first solutions and help them become industry leaders. It delivered custom technology solutions to a partner hyper-focused on building affordable housing, automating the end-to-end loan application process, and connecting third-party financial systems while working with actively changing state regulations to create one seamless and effective system for partners, providers, and consumers.
Tavant, a digital products and platforms provider, offers impactful results to North America, Europe and Asia-Pacific customers. Based in Santa Clara, California and established in 2000, the company employs more than 3000 people. Its talent extends beyond the residential real estate market. It is the premier implementation partner for businesses seeking to transform, scale, and stay ahead of the curve, with its 23 years of resilience, recent expansion into Europe and Asia-Pacific, and metamorphic milestones. It has created an AI-powered intelligent lending enterprise by reimagining customer experiences, driving operational efficiencies, and enhancing collaboration.
MARKET OUTLOOK, REAL ESTATE INVESTMENT
Savills | January 20, 2023
On January 19, 2023, New York-based real estate company Savills informed that it is increasing its footprint in the North American market by launching a new office in Montreal.
Antoine Dumas will take on the role of Associate at the company. Brandon Allen, Erik Charton, Paul Fischlin, and Stéphane Robillard will take on the roles of Executive Vice President at the company, while Robin Blanchard will take on the role of Vice President. Meanwhile, George Manousos will take on the role of Vice President and Agency Executive Officer. The group's main areas of expertise will be industrial leasing, investment sales, and capital markets.
Vice Chairman Rick Schuham stated, "Savills has strategically opened locations in key markets throughout Canada, and Montreal was a natural next step for our first location in the province of Quebec." He further added, "We have recruited the market's most seasoned industrial brokerage group to establish our location in Montreal. Bringing together this group of top-producing real estate advisors strengthens our ability to deliver market-ready solutions and services in North America and allows us to expand our geographical coverage into Southeast Canada.”
(Source – Cision PR Newswire)
Savills benefits from the combined expertise of a workforce that, on average, has been in the sector for twenty years. The team represented clients across the industrial spectrum in 2022, including cold storage, warehousing, ports, airports, global infrastructure, distribution and logistics, flex space, land sales, and research and development. The team brokered over $800 million in real estate transactions across Canada. It provides a diverse selection of real estate services, such as tenant representation, landlord and vendor representation, built-to-suit advice, and investment sales.
Gregg Healy, Head of Savills Industrial Services, stated, "The industrial sector in Montreal has remained resilient post-pandemic, with strong investment sales and leasing velocity." "Montreal has a rich mix of industries, including life sciences, financial services, manufacturing, transportation, technology, and healthcare, that have continued to invest heavily in establishing operations in the market. We look forward to tapping into the new team's expertise to drive growth for industrial services throughout Canada," he concluded.
(Source – Cision PR Newswire)
Savills supports businesses in discovering employee success solutions. Its integrated teams of brokers and consultants are real estate experts. The company's tenant advocacy, capital markets, project management, labor and incentives strategy, workplace design, and occupant experience have improved local and global workplaces for 160 years. The company is owned by Savills plc, which has over 35,000 specialists and 700 offices globally.