REAL ESTATE TECHNOLOGY

Coretrust Pioneers Bi-polar Ionization Technology That Purifies Elevator Air In Its Office Buildings In Collaboration With Elevator Company Partners

Coretrust Capital Partners | September 27, 2021

Coretrust Capital Partners is one of the first office building owners in the country to install bi-polar ionization generators that purify the air within all elevator cars at its large office properties in Philadelphia, Los Angeles and Pasadena. Coretrust collaborated with three leading elevator companies to pioneer the innovative technology since each of its buildings has different elevator suppliers.

The bi-polar technology produces a natural bio-climate rich in positive and negative oxygen ions, each with an electric charge like those that exist in nature.  The generator sends these ions into the entire elevator cab through the ventilation system.  This is a pure and natural air purifying process that effectively restores the natural balance of ions in the air and neutralizes bacteria and virus cells, molds, odor causing particles, aerosols, and VOCs, Ricci states.   

Fujitec installed the IONFUL developed with the Sharp Corporation, to purify elevator cab air and decrease the risk of inhaling airborne pathogens at 2 Liberty Place in Philadelphia. Several efficacy reports over the past 15 years proved ionization effectiveness in mitigating the transmission of airborne pathogens including viruses, bacteria and fungi.

- Joseph Rennekamp, Vice President, Operations, Fujitec America, Inc

In addition, Coretrust worked with the three companies to completely overhaul and modernize all elevators at its three buildings: FourFortyFour South Flower Street in Los Angeles; 2 Liberty Place in Philadelphia; and PASARROYO office campus in Pasadena CA.  The elevator companies also installed touchless destination dispatch systems in each car, allowing tenants to use personalized access cards to call cars to their respective floors without touching buttons.

The elevator bi-polar ionization program is just one of the smart technologies that Coretrust has incorporated into its buildings to create a safe and healthy workplace for its tenants. Technologies include ADIBOT UV-C Robots placed in sensitive areas at night to disinfect air and surfaces against COVID-19 and other harmful airborne pathogens. The robots -- the first to be deployed at any office building in the country -- are created and manufactured by UBTECH Robotics, a global leader in intelligent humanoid robotics and AI technologies.

A central element in achieving virtually hospital grade indoor air quality at all Coretrust properties is the patented Biowall MAX, an Ultraviolet Germicidal Irradiation Air Disinfection system by Sanuvox Technologies, Inc., a global leader in ultraviolet air purification.  The Biowall MAX sterilizes 99.9 percent of airborne bio-contaminants and virtually eliminates the HVAC (Heating Ventilation Air Conditioning) system as a mode of virus transmission in buildings.

Along with the Biowall MAX, Coretrust further enhanced indoor air quality by installing the highest effective MERV air filters allowable at each building, making frequent fresh air purges and allowing maximum fresh air ventilation throughout the day.

A major Coretrust innovation was hacking the curtain wall of the FourFortyFour tower to create a 1,000-square-foot terrace that brings fresh air and sunlight into the 22,500-square-foot Workplace Innovation Lab on the sixth floor.  Similar fresh air indoor terraces can be created for occupants at all our properties as desired, said Ricci.

Coretrust also has added automatic doors, touchless parking garage entry, touchless security access for visitors and touchless restroom fixtures for tenant health and safety.

Its comprehensive programs to create a safe office environment have earned Coretrust the first three global UL Verified Healthy Buildings Marks for Indoor Air and Water Quality for FourFortyFour, 2 Liberty Place and PASARROYO.  The buildings also have earned U.S. Green Building Council LEED Gold Certification, GBAC STAR™ accreditation from the Global Biorisk Advisory Council, a division of ISSA, and WELL Building Health-Safety certification.  These certifications by third party independent organizations recognize Coretrust's technologies and operating processes that prioritize building occupants' safety and wellness.

Coretrust believes its comprehensive commitment to health, wellness and sustainability distinguishes its properties as Smart, Safe and Beautiful and among America's Best Workplaces, Ricci concludes.

About Coretrust Capital Partners
Coretrust Capital Partners, LLC  is a Los Angeles-based private real estate operating company formed in 2014 by three original partners of Thomas Properties Group, Inc.  Coretrust, a Registered Investment Advisor, provides fiduciary investment management services to institutional clients in both co-investment and separate account vehicles targeting opportunistic, value-add, core plus and core strategies in the office sector.  Coretrust targets acquisitions in major urban centers located in the West Coast, Southwest and the Mid-Atlantic regions.

Spotlight

Real Estate Asset Management's complexity and impact on portfolio performance have affected businesses and investments. Explore insights to simplify the process.

Spotlight

Real Estate Asset Management's complexity and impact on portfolio performance have affected businesses and investments. Explore insights to simplify the process.

Related News

REAL ESTATE TECHNOLOGY, REAL ESTATE INVESTMENT

EasyKnock Acquires Leading Homebuying Solution Ribbon Home

Businesswire | May 09, 2023

EasyKnock, the first technology-enabled residential sale-leaseback platform, today announced its acquisition of Ribbon, a pioneer of powerbuying and cash offer solutions. The transaction is a major milestone for the real estate industry, bringing together homebuying, homeselling, and agent solutions into one unified and simplified experience. “We are thrilled to bring Ribbon and EasyKnock’s cutting edge financial products together under one roof to provide more options and a competitive advantage to consumers and industry partners nation-wide,” said Jarred Kessler, CEO and co-founder of EasyKnock. “This marks the beginning of a new wave of innovation in the real estate sector, the advent of PropTech 3.0. By combining these product suites and offering solutions for every stop along the homeownership journey, we are better positioned to responsibly empower more families with the financial flexibility and control they need to achieve their goals.” In bringing the teams together, EasyKnock is accelerating the development of its marketplace planned to launch later this year; a new, more fulsome suite of products and services that will offer consumers alternative ways to buy and sell, finance new homes, and utilize their equity in one place. Recognizing that a new way is needed, the marketplace will benefit everyday Americans with convenience, cost savings, and the competitive edge afforded by the combination of multiple services, positively impacting not only existing and prospective homeowners, but the industry altogether. “Making homeownership achievable has been Ribbon’s mission and guiding light since its inception. EasyKnock and Ribbon share a vision of enhancing consumer choice in the industry, facilitating its success and enabling a more simplified buying and selling experience.” said Shaival Shah, CEO and co-founder of Ribbon. “We are thrilled to come together with EasyKnock and their pioneering sale-leaseback offering to provide solutions to more and more people. Combined with Ribbon’s award-winning homebuying solutions and network of 90,000 agents and lenders, we are motivated to empower consumers across the country.” Both EasyKnock and Ribbon have forged strong partnerships in residential real estate by using best-in–class technology that connects consumers with loan officers, real estate agents, and other participants in the homebuying and home selling experience. Following the acquisition, the EasyKnock and Ribbon teams will work with strategic partners to bring their expanded product suite to key markets with an eye towards national expansion. Goodwin Proctor, a global law firm, acted as legal advisor and Temple View Capital, a Bethesda, Maryland-based business purpose lender, provided financing on the transaction. Terms were not disclosed. About EasyKnock EasyKnock is the first-to-market, technology-enabled residential sale-leaseback company in the U.S. Through innovative and accessible solutions, American homeowners who sell their property to EasyKnock can remain in their homes as renters while still getting the cash they need to pursue their financial goals. Headquartered in New York City and founded in 2016, EasyKnock has team members nationwide working to help homeowners unlock their financial freedom through non-loan programs so they can pay off debts, buy their dream home, fund a venture, and more - all while maintaining the ability to stay in their homes and communities. For more information, please visit www.easyknock.com. About Ribbon Founded in 2017 in New York and Charlotte, Ribbon is on a mission to make homeownership achievable. Ribbon allows everyday families to compete on a level playing field with high-net-worth individuals and institutional buyers by upgrading their offers to winning RibbonCash Offers. As the leading real estate technology platform, Ribbon empowers agents, brokerages, and lenders to create a world-class experience for homebuyers and sellers through powerful financial products and digital workflow software.

Read More

MORTGAGE AND LENDING, ASSET MANAGEMENT

Planet Home Lending Acquires Platinum Home Mortgage Corp. Branches

PRnewswire | June 02, 2023

Planet Home Lending, LLC, a national mortgage lender and servicer, announced the asset acquisition of retail lender Platinum Home Mortgage Corporation, Hoffman Estates, Illinois. Planet will acquire the majority of Platinum's origination staff, including more than 20 branch offices in strategic locations throughout the United States. "We look to acquire right-sized, financially solid distributed retail companies," said Michael Dubeck, CEO and President of Planet Financial Group, parent of Planet Home Lending. "Platinum is a solid cultural fit. Its talented, highly experienced people share our commitment to delivering exceptional lending experiences supported by deep personal care for borrowers." Planet expects to continue gaining market share through organic growth and strategic acquisitions. The Platinum acquisition brings to Planet a purchase-focused platform and high-producing branches, expanding the company's footprint in Midwest, Northwest, and West Coast markets. Planet is now #9 on Inside Mortgage Finance's overall lender leaderboard and #4 among government loan producers. "The move to Planet brings immediate access to improved pricing, technology, and marketing to Platinum's branches," said Platinum CEO and President Lee M. Gross. Gross will join Planet as Senior Vice President and will continue to lead the Platinum team at Planet. "Planet's efficient platform gives us the pricing advantage of $26 billion in volume," Gross said. "In addition to agency and GSE home loans, Planet also has niche products tailored to today's tight real estate markets, including self-funded One-Time Close (OTC) construction loans as well as manufactured housing and renovation mortgage loans." Platinum's former President and CEO Bill Giambrone, along with his brother Michael Giambrone, founded the company in 1993. Bill Giambrone's illustrious 30-year career as an independent mortgage banker includes remarkable contributions to the industry, highlighted by his service as a board member and past president of the Community Home Lenders Association. About Planet Financial Group, LLC Planet Financial Group, LLC, Meriden, Connecticut, is a fully integrated family of companies delivering innovative origination, servicing and asset management solutions. Through this synergistic ecosystem of products, services and technologies, Planet Financial Group provides best-in-class experiences for investors pursuing value maximization and borrowers seeking streamlined end-to-end loan lifecycle support. Planet Financial Group is the parent of Planet Home Lending, LLC and Planet Management Group, LLC, which also does business under the name Planet Renovation Capital. About Planet Home Lending, LLC Planet Home Lending, LLC, Meriden, Connecticut, (NMLS #17022) is an approved originator and servicer for FHA, VA and USDA, as well as a Freddie Mac and Fannie Mae Seller/Servicer, a full Ginnie Mae Issuer and approved sub-servicer and a Standard & Poor's Global Ratings- and Fitch Ratings-rated special and prime residential servicer. Planet Home Lending, LLC has been assigned a corporate family rating by Moody's Investors Service viewable at www.moodys.com. Its correspondent division offers a full suite of government, agency and niche home loans. Planet Home Lending, LLC is also a special servicer managing diverse investor portfolios. Its customized servicing solutions maximize asset recovery and optimize performance through active management at the portfolio and loan levels. Planet Home Lending, LLC is an Equal Housing Lender. For more information about Planet Home Lending, LLC,

Read More

MARKET OUTLOOK, REAL ESTATE INVESTMENT

The Agency Launches Its First Office in Ontario's York Region

PRweb | March 29, 2023

Global real estate brokerage The Agency proudly announces the launch of its first franchise office in Ontario’s York Region. The new locale, which will be known as The Agency York Region, is the firm’s 16th office in Canada, joining the brokerage’s growing network of more than 75 offices in the U.S., Canada, Mexico, the Caribbean, and Europe. The York Region office will be led by industry veterans Katia and Steve Bailey, and Niusha Walker who will serve as Managing Partners, and Adolphe Khouri who will serve as Managing Director. “Our brand new office in Ontario’s York Region is an exciting next chapter for The Agency as our brand continues to expand throughout sought-after regions in Canada,” said Mauricio Umansky, CEO and Founder of The Agency. “We’re delighted to partner again with Katia and Steve Bailey, as well as Niusha Walker and Adolphe Khouri, who are all well-respected leaders and innovators in our industry.” The Agency has rapidly expanded its presence across the globe throughout the past year, making it one of the fastest-growing luxury boutique brokerages in the world. The Agency’s independent-owned brokerages are referred to and integrated as true global partners. Every Managing Partner, from both corporate or independently-owned offices, operates cohesively as one true global network. Rather than simply using brand likeness in their marketing, The Agency’s global partners enjoy the same access to leadership, marketing, public relations, training, tools, and technology as our corporate offices. In Q1 of 2023 alone, The Agency has launched seven new offices, including the new office in the York Region, with more on the horizon in the coming months. “Our strategic expansion in Canada has been exceptional as we continue to seek like-minded partners who embody The Agency brand,” said Jim Ramsay, Executive Vice President of Franchise Sales at The Agency. “We’re thrilled to continue our work with Katia and Steve Bailey, as well as Niusha Walker and Adolphe Khouri as we debut our new office in the York Region, bringing our world-class offerings to buyers and sellers throughout the area.” Katia Bailey serves as Broker of Record and Managing Partner of several of The Agency's Canadian offices including Waterloo Region, Oakville, Muskoka, Brantford, Toronto West, and now York Region, bringing a true passion for real estate and an authentic, people-forward approach to running the brokerage. Since launching her career in real estate operations and marketing over 17 years ago, she has successfully managed a team that has produced more than $1 billion in sales. Katia’s accessibility to her agents and their clients, expedient work ethic, keen attention to detail and love for the nuanced processes that take place behind the scenes of every transaction make her an essential resource. Katia’s passion lies in making genuine connections and creating and delivering cutting-edge and strategic marketing. As the former Operations Manager for The Bailey Team, she helped her husband and business partner, Steve Bailey, grow the team to more than 20 agents and multiple administrators. The Bailey Team ranked #9 in Canada and #21 in the world for RE/MAX before launching at The Agency, overseeing more than a billion in sales and thousands of transactions. Steve Bailey, Broker and Managing Partner of multiple Agency offices, including Waterloo Region, Oakville, Muskoka, Brantford, Toronto West, and now York Region, is a seasoned real estate professional who has achieved more than $1 billion in sales over his decade-and-a-half-long career. Steve’s diligence, forthrightness and authenticity have made him an in-demand real estate advisor for clients throughout Canada. Prior to joining The Agency, Steve earned numerous awards for sales achievements and career excellence during his tenure at Re/MAX. A skilled communicator and world-aware market expert, Steve has a degree in Business from Wilfrid Laurier University. Though Steve has a broad-reaching knowledge of the local real estate landscape and can serve a range of clients, he is particularly passionate about luxury real estate and guiding clients through the sale of their homes. “With each Agency office we open, we’re reminded of the brand’s dominance and the burgeoning demand for it throughout Canada - our new office in the York Region is no exception,” said Katia and Steve Bailey. “We’re looking forward to ushering in a new era of real estate to the area with The Agency’s groundbreaking offerings, blue-chip service, and incomparable marketing power.” An award-winning real estate professional with nearly a decade of experience in property investing, Niusha Walker holds a vital leadership role at The Agency York Region, where she serves as Managing Partner. Specializing in assisting buyers, sellers, and investors within the Greater Toronto Area. Niusha adeptly provides highly personalized, white glove service to her clients while closing record-setting sales with poise and ease. In addition to achieving more than $40 million in sales in her first two years as an agent, Niusha has been presented with the Diamond Elite and Ruby Elite Awards from her previous brokerage, Engel & Völkers, which awarded agents who reached a specific gross commission income. Niusha is also a Certified Luxury Home Marketing Specialist and Certified International Property Specialist. Raised in Richmond Hill, Ontario, which is located in the York Region, where she still resides, Niusha is deeply familiar with the area’s unique neighborhoods and stays up-to-date on its ever-evolving market trends. Among Niusha’s many talents are her meticulous attention to detail, her ability to use thoughtful cross-market strategies to showcase exceptional homes to exclusive audiences, and negotiating powerfully to best serve her clients. “The Agency is making its mark across prominent destinations throughout Canada, and our office in the York Region will further differentiate the brand from other renowned brokerages in the area,” said Niusha Walker. “As a long-time resident of the York Region, I am thrilled to be leading a team in one of the most special markets in Ontario.” As Managing Director of The Agency York Region, Adolphe Khouri effectively and compassionately mentors teammates and guides clients through every aspect of today’s real estate market, leading with enthusiasm and confidence rooted in more than nine years of extensive industry experience. A highly respected top producer, Adolphe was named a Rising Star by The Agency in 2020 and is co-founder of WA Monteiro Group, a real estate group within The Agency that he founded alongside his life partner Woodrow Monteiro. Adolphe is passionate about every aspect of the home buying and selling process. Known for his unflappable work ethic and professional demeanor, Adolphe first entered the real estate realm as a manager of a more than 75-unit luxury corporate rental building in Downtown Toronto. Raised in Windsor, Ontario, Adolphe attended the University of Windsor and graduated with a dual degree in sociology and communications studies. With solid infrastructure, The Agency has a renowned brand that is featured on international television shows including Million Dollar Listing Los Angeles, The Real Housewives of Beverly Hills, and Buying Beverly Hills, which debuted on Netflix on November 4, 2022. The Agency has grown to more than 70 corporately owned and franchise offices across the globe, making it one of the fastest-growing luxury boutique brokerages in the world. Poised for further expansion with like-minded partners in strategic markets, The Agency is noted by The Financial Times as one of America’s Fastest Growing Companies and has ranked among Inc. 5000’s list of fastest-growing private companies in the country for six consecutive years. Recently, The Agency ranked 21st on the 2022 RealTrends 500 list, and led the top 50 firms in average sales price by sides with a $2.5 million average sales price. In August 2022, Inman named The Agency Luxury Brokerage of the year. The Agency The Agency is an agent-first, tech-driven boutique luxury global brokerage representing clients worldwide in a broad spectrum of classes, including residential, new development, resort real estate, luxury leasing and vacation rentals. Breaking away from the traditional brokerage model, The Agency takes a collaborative approach to the business, fostering a culture of partnership in which all clients and listings are represented in a collaborative environment. Agents and clients benefit from the shared resources and networks of the entire global team, including in-house creative, public relations and cutting-edge technology divisions. The Agency has closed more than $57 billion real estate transactions since 2011, comprising over 70 offices in ten countries, and counting, as one of the fastest-growing boutique, luxury real estate brands in the world. Watch The Agency on Buying Beverly Hills, a new real estate occu-soap highlighting the high-stakes world of luxury real estate in Los Angeles, currently streaming on Netflix.

Read More