REAL ESTATE TECHNOLOGY
businesswire | January 13, 2021
Fundamental Income, a Phoenix-based net rent land stage supported by an asset oversaw by Brookfield Asset Management (NYSE: BAM), procured over $215 million of land resources over the most recent four months of 2020. The properties are net rented to inhabitants working across a wide range of enterprises and situated in 16 states. The deal leaseback exchanges were involved both individual properties and multi-unit portfolios.
“We are excited about the successful start to our company and the foundation of excellence our team laid this year,” said Chris Burbach, CEO of Fundamental Income. “Our ability to deploy capital and establish strong business partnerships during this unique environment is a testament to the quality of people we have brought together and the platform we have built with a best-in-class partner in Brookfield.”
Driven by seven venture accomplices with a consolidated 50 years and $15 billion of net rent, capital business sectors and land insight, Fundamental Income puts resources into single-occupant properties net rented to working organizations across the United States. The firm dispatched in April 2020 with an underlying value responsibility of $500 million from an asset oversaw by Brookfield Asset Management (NYSE: BAM), a worldwide resource director with around $575 billion in resources under administration.
Crucial Income explored more than 170 exchanges and $4.6 billion in obtaining openings from its dispatch to the furthest limit of the year. The firm targets deal leaseback exchanges between $5 - $500 million across every one of the 50 states with organizations working in businesses, for example, Retail, Entertainment, Services, Industrials, Manufacturing, Distribution, Healthcare, and Automotive.
“The investments we made in the final months of 2020 demonstrate the transactional expertise and certainty of execution that our firm provides businesses and business owners across the country,” said Alexi Panagiotakopoulos, CIO of Fundamental Income. “We take pride in understanding our clients’ businesses and creating long-term partnerships to support their continued success and growth.”
About Fundamental Income
Led by seven investment partners with over 50 years and $15B of cumulative transaction history, Fundamental Income is a net lease platform focused on investing in single-tenant commercial properties, net leased to businesses operating in a wide variety of industries that directly or indirectly serve the US consumer. Fundamental Income provides real estate capital solutions and sale-leasebacks to businesses and business owners with established and growing operations across the United States.
Separately, Fundamental Income is also the Founder, Sponsor, and Index Provider to the NETLease Corporate Real Estate ETF (NYSE arca: NETL), which seeks to track the performance of the Fundamental Income Net Lease Real Estate Index (NETLXT) calculated by NASDAQ.
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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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REAL ESTATE INVESTMENT
Dynamic City Capital | February 08, 2022
Dynamic City Capital (DCC), a Utah-based real estate investment firm focused on acquiring and developing premium-branded hotels, announced the acquisition of the Hyatt Place San Francisco Downtown. The transaction was completed on January 28 and is the company's first acquisition of 2022. The hotel's premium corner location is less than a half-block from Oracle Park, home of Major League Baseball's San Francisco Giants.
The Hyatt Place San Francisco Downtown is an excellent addition to our portfolio. The brand, market, and specific location fit our strategy to acquire best-in-class hotels in prime markets, We are thrilled to make this acquisition and look forward to our 2022 pipeline of opportunities."
Ryan Phelps, DCC's Chief Investment Officer.
The twelve-story hotel features 230 guest rooms, 4,300 square feet of retail space, a lobby bar, and a 24/7 market. The Hyatt Place is between the lively South of Market (SoMa) and Mission Bay neighborhoods known for world-class dining, museums, and business. Nearly adjacent to Oracle Park, it is also within walking distance of Chase Arena, home to the NBA's Golden State Warriors, and the Moscone Convention Center. In addition, public transportation, including light rail and Caltrain, is within a city block, providing access to all that San Francisco offers. The hotel opened in January 2019.
This purchase early in 2022 continues the pattern of dynamic growth exhibited by the acquisition of seven properties across the US in 2021.
About Dynamic City Capital
Dynamic City Capital (DCC) is a privately held real estate investment and asset-management firm with three decades of experience in hospitality. During its 30+ year history, DCC has placed hundreds of millions of dollars of capital on behalf of its investment partners. After opening the first Marriott® franchised hotel in the state of Utah in 1991, DCC has been involved in the development, acquisition, and management of hotel assets throughout the United States, representing the premium-branded hotel families of Hilton®, Hyatt, IHG®, and Marriott®.
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