Draper and Kramer Expands Chicago Footprint

Multi-Housing News | December 27, 2019

Draper and Kramer Expands Chicago Footprint
Draper and Kramer Inc. has expanded its holdings in Chicago with the acquisition of HUBBARD221, a 23-story, 195-unit luxury apartment tower in the River North neighborhood. The property was purchased through a 1031 exchange following the firm’s sale of Prairies Shores, a 1,675-unit, multi-building apartment community in Chicago’s Bronzeville section. Terms of the purchase were not disclosed. The seller was not identified but the property at 221 W. Hubbard St. was developed by Hubbard Street Group and Centrum Realty and Development and completed in late 2017. A $53 million three-year construction loan was originated by BMO Harris Bank in June 2016 for the property, according to Yardi Matrix data.

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The first closure of its new USD 500 million office development platform was announced by Godrej Fund Management

prnewswire | January 18, 2021

Godrej Fund Management ("GFM"), the land private value arm of the Godrej Group, declares the First Close of its USD 500 million office improvement stage, GBTC II in association with Netherlands based APG Asset Management N.V. ("APG"), the foundation financial specialist in the stage. Under this program, GFM will be able to create Class-An office resources that will be esteemed in abundance of USD 1.5 billion (~INR 11,000 crore) on finishing and the all out estimation of office resources including those from past assets will take the portfolio esteem on fruition to over USD 3 billion (~INR 22,000 crore). GFM has completely contributed the recently raised capital under GBTC I and Godrej Office Fund I. GBTC is a 'club-style' office speculation system that puts resources into creating top notch places of business in ideal spots across the main office markets in India. The stage as of now has a solid venture pipeline and means to convey the recently raised capital inside a year. This is the third India centered office adventure and fifth by and large, supported by GFM. Mr. Karan Bolaria, Managing Director & CEO, Godrej Fund Management, said, "We are pleased to partner with APG on our second build to core platform. Our Group has strong conviction in India's premium office sector and we believe the current dislocation in markets provides attractive capital deployment opportunities. The addition of this platform brings significant scale to our overall strategy and will open up strategic avenues for value maximization in the future." Mr. Graeme Torre, Managing Director, APG Asset Management Asia, said, "We are looking forward to another successful partnership with Godrej. The build-to-core strategy for Indian offices aligns very well with our broader investment aspirations for our pension fund clients and our desire to invest alongside partners who offer best-in-class execution capabilities." About Godrej Fund Management Godrej Fund Management, based in Singapore, is the real estate private equity arm of the Godrej Group. GFM brings the Godrej Group's philosophy of good governance, innovation, sustainability and excellence to the real estate private equity space. It seeks to provide strong risk adjusted returns to its partners through the strategic combination of world class investment management and development management capabilities. About APG Every day APG is busy with something that already concerns millions of Dutch people and one day will concern millions more: pensions. APG strives to provide a good pension in a livable world for all participants, employers and pension funds. Together we work on a sustainable future in which we do not only look at prosperity, but also at well-being. Because pensions are about people, life and how we live together. So that we, our parents, and our children can enjoy a good income. Today, tomorrow, and beyond. As the largest pension provider in the Netherlands APG looks after the pensions of 4.7 million participants. APG provides executive consultancy, asset management, pension administration, pension communication and employer services. We work for pension funds and employers in the sectors of education, government, construction, cleaning, housing associations, sheltered employment organizations, medical specialists, and architects. APG manages approximately €560 billion (November 2020) in pension assets. With approximately 3,000 employees we work from Heerlen, Amsterdam, Brussels, New York, Hong Kong, Shanghai and Beijing.

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BOTS, Inc. Announces ECM has Awarded an Exclusive $400,000 Contract for The Company to Develop a Real Estate Industry Blockchain-Powered

Bots, Inc. | August 12, 2020

BOTS, Inc. (OTC: BTZI) (GERMAN EXCHANGE: M06.SG), an emerging innovator of products, technologies, and services for the rapidly growing digital robotic automation and manufacturing industry announced today that Elbrus Capital Markets (ECM) has awarded an exclusive $400,000 contract for the Company to develop a Real Estate industry blockchain-powered supply chain management platform. The contract is contingent on ECM receiving additional funding from accredited investors unless Bots elects to receive partial or all payments in the equity ownership of ECM.

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essensys plc Announces the Launch of STEP, Its Flexible Office Software and Technology Solution for Landlords and Property Owners

essensys plc | June 19, 2020

essensys, the leading global provider of mission critical software-as-a-service ("SaaS") platforms and on-demand cloud services to the flexible workspace industry, announces the launch of STEP, its Software and Technology Enabled Property solution, designed to equip landlords and property owners with the technology needed to address the growing demand for flexibility. Occupiers' demand for flexible real-estate products is accelerating. Landlords are under increasing pressure to manage this shift as they respond to shorter lease terms, changing occupier behaviors and needs, and niche office space requirements. At the same time they must remain alert to new opportunities to provide additional value to occupiers, using tenant experiences, services and amenities to help differentiate in an increasingly competitive market.

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Spotlight

Inquiring minds at ERA Real Estate are asking that question, with the aim of being prepared to meet the future head on. The convergence of lifestyle, technology and community are shaping the way