Lone Wolf Technologies | May 26, 2020
Lone Wolf Technologies ("Lone Wolf") is pleased to announce that RamQuest has joined Marketplace, Lone Wolf's recently-launched selection of curated tech partnerships for its transaction management solutions, zipForm® Plus and TransactionDesk. This new addition will bring title insurance into zipForm® Plus, the national transaction management member benefit in the U.S., and digitize the entire title ordering process. RamQuest's leading integrated title, closing, and escrow accounting solutions are purpose-built for title and settlement operations, and provide users access to RamQuest's Closing Market, the industry's most extensive network of integrated service providers and partners.
REAL ESTATE INVESTMENT
Orion Real Estate | December 30, 2021
Los Angeles-based Orion Real Estate Partners ("Orion") announced today that it has acquired The Timbers, a garden-style apartment community in San Marcos, Texas. Orion purchased the 155-unit apartment community from The Jacobson Company who owned it since 2016 and plans to invest approximately $1.7mm in interior and exterior improvements. The Property sits on a nine-acre, irreplaceable hilltop site overlooking downtown San Marcos and Texas State University (TXST), home to 38,000 students. San Marcos is well positioned as an increasingly attractive and affordable alternative to Austin, home to over 2.1 million people with notable employers such as Apple, Facebook, Oracle, Google, Dell, and Tesla. The Timbers is located just 30 minutes away from downtown Austin.
This is Orion's sixth acquisition in the central Texas corridor, spanning from Austin to San Antonio, and the firm is focused on expanding its portfolio in the area. Orion has a favorable long-term outlook on central Texas and expects that the corridor will continue to outperform the nation in both job and population growth. CBRE Multifamily Capital provided an acquisition loan through East West Bank, and Orion engaged Peak Campus, a national leader in student-housing, to provide property management services.
About Orion Real Estate Partners:
Orion Real Estate Partners is a private real estate investment firm that targets value-add multifamily assets in Western US markets with strong demographics and job growth. Utilizing proven institutional processes to source and manage investments, we identify assets with capital and operational repositioning opportunities to provide attractive returns for our investors.
REAL ESTATE TECHNOLOGY
businesswire | December 09, 2020
Alex. Earthy colored Realty, Inc. (ABR) and their joint endeavor accomplice, Continental Realty Group, through its auxiliary Continental Realty Assets, Ltd. (CRA), are satisfied to declare the obtaining of Club at Stone Oak Apartments, a 250-unit loft network in San Antonio, Texas. ABR Chesapeake Fund VI, a worth add land reserve supported by ABR, put $7.3 million in the joint endeavor.
Inherent 2005, the network incorporates a blend of one-, two-and three-room units with 9' roofs and private porches and overhangs. Comforts incorporate a clubhouse with billiards table, best in class wellness focus, resort-style pool, business focus, outside kitchen, and renting focus. The gated network additionally offers sufficient leaving with withdrew carports, garages, and a vehicle care focus. The joint endeavor designs an essential remodel program for the unit insides and focused on upgrades to the regular territories and pleasantries.
“Even given the economic challenges and uncertainties of today, we are believers in the San Antonio market due to its diversified and expanding employment base coupled with the relative affordability and quality of life it has to offer,” said Robert Ireland, CRA’s Managing Director of Investments. “The Club at Stone Oak is a quality asset located within one of San Antonio’s premier submarkets and fits within our investment strategy of providing a quality product at an affordable price to our residents,” added Ireland.
“We were pleased when Continental first brought us this off-market opportunity and are excited to be partnering with them,” stated Tom Burton, ABR’s Senior Managing Director and CIO. “Their extensive experience within the multifamily sector should bode well for the asset and provide a positive result for our investors.” Club at Stone Oak represents the first transaction between ABR and CRA.