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.
MARKET OUTLOOK, REAL ESTATE INVESTMENT
Wedgewood LLC | February 13, 2023
Wedgewood Homes, a creative solutions provider for real estate with a key focus on revitalizing communities across the US by buying and selling single-family homes, has been awarded Greater Los Angeles' Best Real Estate Solutions Provider in BUILD Magazine's 2022 Real Estate and Property Awards.
Since its start in 1985, Wedgewood has been working to find real estate solutions by purchasing single-family homes, renovating them, and selling them to potential buyers. This gives people a chance to own their own homes. Wedgewood is able to stay ahead of the competition by figuring out what customers want and what the market will do next. Additionally, the company prioritizes implementing strategies to remain adaptable and profitable during fluctuating market cycles.
Wedgewood Homes is active in more than 20 states and buys thousands of homes annually. It is a leader in reviving and reusing homes across the country. Wedgewood Homes spent hundreds of millions of dollars in 2022 to update, fix, renovate, and reimagine real estate in a good way for the environment.
Jamie Bedner, Chief Operating Officer of Wedgewood, said, "We're thrilled that Wedgewood Homes has been named 'Best Real Estate Solutions Provider — Greater LA' by BUILD Magazine." She said, "At Wedgewood Homes, we are committed to providing solutions and advancing the real estate industry. This award acknowledges our talented and dedicated LA team and validates our core values."
(Source: Cision PR Newswire)
Founded in 1985, Wedgewood is an award-winning real estate group based in Redondo Beach, California, which operates in 21 states and 800+ cities across the US. Wedgewood Homes' acquisition, renovation, and resale model use local vendors and services, real estate professionals, and nearly forty years of experience to revitalize neighborhoods one home at a time. The company started with a simple idea, to leave every house in better shape than when they found it. This, along with their creative approach, has made Wedgewood Homes the leader in their field. Its goal to improve one house at a time has caught on in communities throughout the United States.
MARKET OUTLOOK, REAL ESTATE INVESTMENT
The Agency | February 09, 2023
On February 7, 2023, Global real estate brokerage The Agency announced the opening of a new franchise office in Lisbon, Portugal. This marks the company's second office in Europe, following The Netherlands, which opened in 2022. The office joins the brokerage's expanding network of over 70 locations throughout the United States, Mexico, Canada, Europe and the Caribbean. The Portugal office will be overseen by Ayres Neto, an industry veteran and Managing Partner.
Over the past year, The Agency has rapidly extended its global footprint, making it one of the world's fastest-growing luxury boutique brokerages. The independent brokerages owned by The Agency are integrated and refered to as true global partners. Every Managing Partner, whether from corporate or independently-owned offices, functions as one true global network.
The Agency's global partners have the same access to marketing, leadership, training, public relations, resources, and technology as its corporate offices instead of merely employing brand likeness in their marketing. The Agency has exhibited remarkable global growth since 2022, launching 27 new corporate and independently-owned offices, including the new office in Portugal, with even more openings imminent.
Ayres Neto, a highly successful, award-winning, top-ranked agent, will serve as Managing Partner of The Agency Portugal, leading and mentoring a diverse, multilingual staff of real estate experts from over a dozen nations who speak thirteen languages.
The Agency's well-known brand has been featured on worldwide television programs such as The Real Housewives of Beverly Hills, Million Dollar Listing Los Angeles, and Buying Beverly Hills, which premiered on Netflix on November 4, 2022. The Agency has spread to more than 70 corporately owned and franchise offices worldwide, making it one of the world's fastest-growing luxury boutique brokerages. The Financial Times recognizes The Agency as one of America's Fastest Growing Firms and has ranked among Inc. 5000's list of the country's fastest-growing private companies for six consecutive years. The Agency is poised for future development with like-minded partners in essential areas.
About The Agency RE
The Agency is a full-service luxury real estate brokerage and lifestyle firm that represents customers all over the world in a variety of segments, including residential, new development, resort real estate, residential leasing, and luxury vacation rentals. Since its establishment in 2011, it has reinvented the real estate business, modernizing and expanding the industry by developing a partnership culture in which all customers and listings are represented collaboratively by all its agents. The company has closed over $8.62 billion in real estate transactions and has established itself as a dominant player in the luxury real estate market, representing several of the country's most visible and high-end properties.