CRMLS Launched Builders Update to Bring Real Estate Professionals Access to Newly Constructed Homes

California Regional Multiple Listing Service | July 15, 2020

California Regional MLS (CRMLS), the nation's largest and most recognized multiple listing service, continues to add to the product portfolio it offers its users throughout California. Today, CRMLS launched Builders Update across its footprint, bringing a powerful search tool to its userbase at no additional cost. Designed by real estate agents for agents, Builders Update is an easy-to-use search tool that collects and presents listing data for new homes, to-be-built homes, and condos. The feature "New Home Spotlight" allows agents to present themselves as the new home expert by providing a personalized and branded search tool for buyer prospects, including agent logo, picture, and contact information.

Spotlight

This white paper is the second in a series designed to explore critical changes taking place within U.S. Healthcare and some of what this will mean to the changing real estate landscape.

Spotlight

This white paper is the second in a series designed to explore critical changes taking place within U.S. Healthcare and some of what this will mean to the changing real estate landscape.

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REAL ESTATE INVESTMENT

JLL Income Property Trust Acquires 4-Building Suburban Atlanta Distribution Center

JLL Income Property Trust | December 08, 2021

JLL Income Property Trust, an institutionally managed daily NAV REIT (NASDAQ: ZIPTAX; ZIPTMX; ZIPIAX; ZIPIMX) with $5.5 billion in portfolio assets, today announced the acquisition of Friendship Distribution Center, a newly constructed, four-building industrial portfolio totaling nearly 650,000 square feet. The Class A properties are located in the Atlanta suburb of Buford, Georgia, home to the premier Northeast Atlanta industrial submarket. The purchase price was $95 million. "Friendship Distribution Center's location in Atlanta's Northeast submarket, high quality new construction and proximity to irreplaceable transportation infrastructure makes this an excellent portfolio fit for us as we continue to execute on our strategy of increasing our allocation to core industrial assets,". "Given this property's strong tenant profile and exceptional location, this acquisition aligns well with our overall strategic objectives." -Allan Swaringen, JLL Income Property Trust President and CEO JLL Income Property Trust's aggregate industrial allocation is now over $1.6 billion of industrial holdings in 54 properties across 13 key markets, representing the second largest property type allocation in the portfolio. Friendship Distribution Center is in an "A" location, with immediate proximity to Interstate 985, the major highway in the Northeast Atlanta submarket. Its strategic location provides access to the entire Eastern seaboard within a one to two-day drive. Friendship Distribution Center is 96 percent leased to five tenants, with a weighted average lease term of approximately six years. According to LaSalle Research & Strategy, Atlanta is the fourth largest industrial market in the U.S. with more than 660 million square feet of space. The market set an absorption record in the second quarter of 2021 of 8.6 million square feet, bringing vacancy down to just 5 percent. The Northeast submarket specifically saw 2.1 million square feet of net absorption in the second quarter, the highest of any submarket in the Atlanta metro area, accounting for 24 percent of total absorption. JLL Income Property Trust is an institutionally managed, daily NAV REIT that brings to investors a growing portfolio of commercial real estate investments selected by an institutional investment management team and sponsored by one of the world's leading real estate services firms. About Jones Lang LaSalle Income Property Trust, Inc. (NASDAQ: ZIPTAX; ZIPTMX; ZIPIAX; ZIPIMX), Jones Lang LaSalle Income Property Trust, Inc. is a daily NAV REIT that owns and manages a diversified portfolio of high quality, income-producing apartment, industrial, office and grocery-anchored retail properties located in the United States. JLL Income Property Trust expects to further diversify its real estate portfolio over time, including on a global basis. About LaSalle Investment Management LaSalle Investment Management is one of the world's leading real estate investment managers. On a global basis, LaSalle manages approximately $76 billion of assets in private and public real estate property and debt investments as of Q3 2021. LaSalle's diverse client base includes public and private pension funds, insurance companies, governments, corporations, endowments and private individuals from across the globe. LaSalle sponsors a complete range of investment vehicles including separate accounts, open- and closed-end funds, public securities and entity-level investments.

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LMC Announces Start of Preleasing at Odin Apartments

prnewswire | October 01, 2020

LMC, a wholly owned subsidiary of Lennar Corporation and a leader in apartment development and management, today announced the start of preleasing at Odin, a contemporary mixed-use apartment community in the increasingly popular Northeast neighborhood of Minneapolis. Odin, which features 335 apartment homes and nearly 8,000 square feet of retail space, includes a 12-story high-rise and five-story midrise building in a highly walkable and bikeable downtown locale. The community is equipped with work-from-home spaces as part of plush array of common-area amenities, including a flexible lounge to cater to the ever-prominent remote worker. Odin offers virtual leasing options and will welcome its first residents in the fall.

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REAL ESTATE TECHNOLOGY

letus Announces Strategic Partnership with MRI Software to Expand Flexible Rent to Commercial and Residential Real Estate

letus (previously RentMoola) | June 02, 2022

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