REAL ESTATE TECHNOLOGY
GI Partners | July 19, 2021
GI Partners, a leading private investment company, announced the launch of the GI Real Estate Essential Tech + Science Fund ("ETS Fund" or the "Fund"), which seeks to invest in real estate assets that continuously operate to support mission-critical functions of the technology and life sciences industries. The ETS Fund will acquire data center properties, life sciences assets, and always-on R&D facilities in the office and industrial sectors.
GI Partners, founded in 2001, has focused on downside-protected growth investment across all of its strategies, with a special focus on technology and healthcare. The ETS Fund aims to maintain the Firm's strategy of investing in specialized opportunities in critical technology and scientific real estate using the Firm's combined technology, life sciences, and real estate skillsets. The ETS Fund is headed by former Infomart President John Sheputis and over 20 investment and management professionals.
The ETS Fund has been aggressively investing in a broad portfolio of data centers, life sciences assets, and R&D facilities throughout the United States since its inception in early 2021, including:
• Walsh-Bowers Assemblage, a portfolio of three buildings in Silicon Valley's primary data center hub;
• Mt. Eden Research Park, a six-building life sciences campus in the San Francisco Bay area whose current tenants are pioneers in their respective areas and position the asset well for future life sciences growth;
• The Pointe, a pair of life sciences buildings next to a quickly maturing Bay Area of life sciences submarket;
• 3701 Market St., a purpose-built lab and R&D facility with high-quality wet lab, research, medical office, and data center space.
About GI Partners
GI Partners, founded in 2001, is a private investment company with approximately 100 employees headquartered in San Francisco, California, and offices in New York, Chicago, Greenwich, Connecticut, and Scottsdale, Arizona. Over $28 billion in capital has been raised by the company from top institutional investors worldwide to invest in private equity, real estate, and data infrastructure initiatives. The private equity team mainly invests in healthcare, IT infrastructure, services, and software companies. The real estate team specializes in technology and life sciences properties and other kinds of specialty real estate. Finally, the data infrastructure team mainly invests in hard asset infrastructure companies that support the digital economy. GI Partners is a signatory to the Principles for Responsible Investment, a network of international investors backed by the United Nations, and a Global Real Estate Sustainability Benchmark participant.
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REAL ESTATE TECHNOLOGY
businesswire | December 09, 2020
Ridge Real Estate Partners LP ("Dune"), a main New York-based land venture firm, today reported the proceeded with extension of its group.
To additional expand upon its extending presence in the western district, two experienced venture experts were included the Los Angeles office. Ridge has been effectively putting resources into the western area since 2007, and proceeding to expand on this solid speculation movement, on November 18, 2020, Dune shut on the procurement of Fairways at Lowry, an all around found 450-unit multi-family resource in metro Denver that is appropriate for repositioning.
Ridge additionally declared the recruiting of a prepared business improvement expert and two venture partners in New York.
Five New Hires Bolster Investment Team and Business Development Capabilities
Bianca Tomkoria and Garrett Criden have joined Dune in Los Angeles as Vice President and Associate, individually, of the speculation group. Driven by Aaron Greeno, the Los Angeles-based venture group is liable for sourcing and executing exchanges across the western United States.
Amar Jhaveri, CFA, CAIA, has joined Dune as Vice President – Capital Markets in New York. In this new job, Mr. Jhaveri will work intimately with Julie Brenton, Head of Investor Relations, to distinguish, create and uphold connections inside the institutional speculator network.
Patrick Farrell and Irwin Tejeda are likewise joining Dune as Associates in New York to help the group's speculation exercises.
These five fresh recruits follow a progression of advancements and increments to the senior initiative group that occurred recently. In February, Dune elevated Cia Buckley Marakovits to President and CIO and Eric Calder to Co-CIO. Aaron Greeno joined Dune in July and was designated Head of West Coast.
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REAL ESTATE INVESTMENT
Zillow Group | October 04, 2021
Zillow Group (NASDAQ: Z and ZG), which is transforming the way people buy, sell, rent and finance homes, today announced the closing of its acquisition of ShowingTime, an online scheduling platform for home showings. Touring is one of the most important steps in the home shopping and selling journey, and ShowingTime's technology has streamlined and improved the touring experience. The company is an industry leader, and Zillow Group will continue to invest in ShowingTime to improve its functionality.
ShowingTime's technology coordinates scheduling behind the scenes so agents can seamlessly book a confirmed home showing online and focus on their clients, simplifying a traditionally complicated and cumbersome process. In the past 12 months, the company has facilitated more than 63 million showings across its network of more than one million agents affiliated with hundreds of Multiple Listing Services (MLSs). Under the Zillow Group umbrella, Zillow Group will adhere to ShowingTime's existing privacy policy, and it will continue to operate as an individual brand and open platform for its existing and new clients, so the industry can continue to benefit from a simplified tour scheduling experience.
Zillow Group entered into a definitive agreement to acquire ShowingTime in February 2021 for $500 million. The transaction was successfully closed upon meeting customary closing conditions.
About Zillow Group:
Zillow Group, Inc. (NASDAQ: Z and ZG) is reimagining real estate to make it easier to unlock life's next chapter. As the most visited real estate website in the United States, Zillow® and its affiliates offer customers an on-demand experience for selling, buying, renting or financing with transparency and nearly seamless end-to-end service. Zillow Offers® buys and sells homes directly in dozens of markets across the country, allowing sellers control over their timeline. Zillow Home Loans™, our affiliate lender, provides our customers with an easy option to get pre-approved and secure financing for their next home purchase. In September 2020, Zillow launched Zillow Homes, Inc., a licensed brokerage entity, to streamline Zillow Offers transactions. Zillow Group's affiliates and subsidiaries include Zillow®, Zillow Offers®, Zillow Premier Agent®, Zillow Home Loans™, Zillow Closing Services™, Zillow Homes, Inc., Trulia®, Out East®, ShowingTime, Bridge Interactive, dotloop, StreetEasy®, HotPads®. Zillow Home Loans, LLC is an Equal Housing Lender, NMLS #10287
About ShowingTime:
ShowingTime is the industry leader in home touring technology and a proud affiliate of Zillow Group. ShowingTime's technology and services simplify the online tour scheduling process for buyers, sellers and agents across the industry. ShowingTime products are used in hundreds of MLSs representing more than one million real estate professionals across the U.S. and Canada.
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