REAL ESTATE INVESTMENT, ASSET MANAGEMENT
Businesswire | May 31, 2023
Closinglock, a leading provider of fraud prevention solutions for the real estate industry, today announced the availability of a new identity verification solution that helps title agencies and real estate firms combat the growing amount of fraud.
Seller impersonation fraud is one such area of fraud that is on the rise. This type of fraud primarily involves identity theft to sell vacant land, second homes, and vacation and rental properties all across the country.
Closinglock’s latest solution includes the ability to identify fake driver's licenses, which is the most common method used by fraudsters in seller impersonation fraud.
This new solution is a significant improvement over antiquated methods like knowledge-based authentication (KBA). According to the National Institute of Standards and Technology (NIST), “the ease with which an attacker can discover the answers to many KBA questions … cause KBA to have an unacceptably high risk of successful use by an attacker.”
"As KBA is obsoleted in this new digital market due to targeted spoofing, AI, and web and social media scraping, our team engineered a solution that quickly and easily verifies identity using modern technologies," noted Closinglock’s CEO and Cofounder, Andy White, PhD.
Since Closinglock closely follows the NIST guidelines, it worked to utilize more stringent methods to fight fraud. The new solution from Closinglock is more secure than KBA because it uses a variety of methods to verify the identity of a user which makes it much more difficult for scammers to bypass the verification process.
“We believe that this new solution is a game-changer for the real estate industry,” said White. “It will help to protect our customers from fraud and ensure that their transactions are safe and secure.”
About Closinglock
Closinglock is a leading provider of fraud prevention solutions for the real estate industry. Closinglock’s platform protects payments, payoffs, and all related communications with strict security protocols and offers seamless integrations with closing and title company software. The company currently protects billions of dollars each month with its software, and is trusted by thousands of settlement companies, title agents, law firms, attorneys, lenders, real estate agents, home buyers and sellers and others. Learn more at closinglock.com.
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REAL ESTATE TECHNOLOGY, MORTGAGE AND LENDING
Businesswire | March 31, 2023
Accelerate Investment Partners and CBRE Investment Management (CBRE IM) have launched Accelerate Infrastructure Opportunities, a new strategy to invest in digital and renewable real property interests across North America.
Accelerate’s infrastructure strategy acquires, owns and manages investments in ground leases and land under critical infrastructure assets that generate long-term, sustainable cash flow, such as cellular infrastructure, billboards and renewable assets, including wind, solar, storage and EV charging projects.
“We are excited to have a strong, supportive partner in CBRE IM to help fund our company’s growth,” said Brennan Potts, founder and CEO of Accelerate. “Our ability to invest through the development and operations of an infrastructure project, with committed and long-term capital from a partner who shares our values, places us in a leading position within the industry to better serve our customers.”
Accelerate focuses on developing mutually beneficial, long-term relationships with property owners, tenants, developers, operators and brokers. Accelerate believes its collaborative approach and creative capital solutions can provide value to its partners, while also delivering differentiated risk-adjusted returns for investors.
“Accelerate’s long-term partnership focus on acquiring real property interests under renewable and digital infrastructure projects provides an innovative way to deploy capital in the infrastructure 2.0 assets that we believe will thrive in the new digital, green economy,” said Robert Shaw, managing director, private infrastructure at CBRE IM. “Accelerate has a proven track record of helping property owners, developers and operators maximize the value of their properties or projects with agility, speed and certainty of closing, which makes them an excellent partner.”
In addition to Mr. Potts, Accelerate’s management team leading the strategy includes industry veterans Brandon O’Gara (managing partner and chief financial officer), Graeme Kavanagh (partner and chief revenue officer), Josh Castillo (partner and chief investment officer, infrastructure) and Brenda Hurst (partner and chief operating officer).
About Accelerate Investment Partners
Accelerate acquires, owns and manages real property investments under energy and infrastructure locations that provide long-term, sustainable cash flow. Founded in 2016 and headquartered in Plano, Texas, Accelerate manages more than 1,200 real property interests across the United States with $500 million in combined assets and capital commitments. The company’s mission is to deliver impactful value for investors, property owners and tenants through a values-based approach to investments that support a secure and sustainable future.
About CBRE Investment Management
CBRE Investment Management is a leading global real assets investment management firm with $149.3 billion in assets under management* as of December 31, 2022, operating in more than 30 offices and 20 countries around the world. Through its investor-operator culture, the firm seeks to deliver sustainable investment solutions across real assets categories, geographies, risk profiles and execution formats so that its clients, people and communities thrive.
CBRE Investment Management is an independently operated affiliate of CBRE Group, Inc. (NYSE:CBRE), the world’s largest commercial real estate services and investment firm (based on 2022 revenue). CBRE has approximately 115,000 employees (excluding Turner & Townsend employees) serving clients in more than 100 countries. CBRE Investment Management harnesses CBRE’s data and market insights, investment sourcing and other resources for the benefit of its clients. For more information, please visit www.cbreim.com.
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REAL ESTATE TECHNOLOGY, REAL ESTATE INVESTMENT
PRnewswire | May 02, 2023
SentriLock, the official lockbox of the National Association of REALTORS®, and Rental Beast, the exclusive rental technology provider for the National Association of REALTORS®, have announced a partnership that will make Multiple Listing Service (MLS) platforms specifically compatible with managing rental listings, providing unprecedented functionality for renters, investors, and property owners.
Through this integration, SentriLock users will now have the added capability to conveniently assign electronic lockboxes to their rental property listings directly from the Rental Beast platform, which powers the MLSs' Add/Edit functionality. The integration provides these properties with the same enhanced control and security that SentriLock users have on their "For Sale" listings. Real estate professionals will know when potential renters have viewed the property and owners can easily coordinate with contractors and others needing access to the property, providing them with one-time "flex codes". The integration makes it easy to schedule showings, saving time for agents and property owners.
"Historically, the rental transaction market has been a fragmented and messy place. Our partnership with SentriLock is designed to make the agent or REALTOR® the power user as it pertains to rentals," said Ishay Grinberg, CEO and Founder of Rental Beast. "Because of this integration with SentriLock as the leader in the field of electronic lockboxes, we're creating a seamless ecosystem that empowers agents and property owners with the ability to continue building their long-term businesses."
"Our partnership with Rental Beast aligns perfectly with SentriLock's core values of providing innovative solutions to make the real estate industry more streamlined and user friendly," said Scott Fisher, CEO and Founder, SentriLock. "In solving a longstanding compatibility issue with MLS systems and rental properties, we know that renters, agents, and owners alike will benefit from having an interface tailored for their specific needs."
The partnered integration will roll out beginning with Triangle MLS™.
About SentriLock, LLC
SentriLock is a leading provider of electronic lockbox solutions for the real estate industry. SentriLock's lockboxes use advanced technology to ensure that only authorized individuals have access to properties and provide real-time access and activity reports. SentriLock is dedicated to providing its customers with the highest level of security and convenience.
About Rental Beast
Rental Beast is a leading real estate technology firm with an end-to-end SaaS platform designed to empower real estate professionals and the nation's most comprehensive database of nearly eleven million rental properties. Sourced directly from property owners, updated in real-time, and offering a fulfillment-grade rental dataset, the Rental Beast database provides real estate professionals with an unparalleled view of all properties and owner types.
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