MRI Software | August 08, 2022
MRI Software, a global leader in real estate software, has acquired ApartmentData.com, further expanding its MRI Living™ suite of property management solutions for the multifamily market. ApartmentData.com is a Houston-based provider of market research and data solutions that enable multifamily property owners and managers to increase property values by optimizing pricing and occupancy.
Founded in 1986, the company provides comprehensive and accurate information on professionally managed properties with more than 50 units, including pricing, concessions, occupancy, amenities, and policies at the floor plan level. The company serves 12 of the fastest-growing metropolitan statistical areas ("MSAs") in the U.S.: Houston, Dallas/Fort Worth, Austin, San Antonio, Atlanta, Phoenix/Tucson, Nashville, Raleigh/Durham, Charlotte, Orlando, Tampa, and Jacksonville. ApartmentData.com supplements its digital collection techniques with direct calling and client communications, helping ensure the highest levels of data accuracy and detail.
ApartmentData.com's flagship solution, Competition RADAR™, leverages proprietary algorithms to identify and alert users to relevant competitive trends, provide pricing recommendations, and calculate property- or portfolio-level impact.
"Over the last several years, we've significantly expanded our MRI Living portfolio to provide tools that make our clients' lives easier and help them take better care of their residents, businesses, and themselves, Data is critical to helping us deliver on those objectives. With a 'smart data' solution like Competition RADAR, we can provide clients with actionable data and market insights, so they can navigate the future with confidence and gain a competitive advantage."
-John Ensign, MRI's president and executive managing director, North America
In addition to deepening MRI's footprint in the southern U.S., the acquisition enhances the company's MRI Living suite, an already extensive portfolio of multifamily solutions that empower property owners and operators with AI-first tools to easily manage every part of the residential lifecycle, from lead to lease to renewal.
We're thrilled to join the MRI family, Thanks to this acquisition, both our and MRI's clients will be able to take advantage of new and expanded capabilities, which will help them manage real estate portfolios more effectively and profitably. They won't have to wade through specialty providers who require customers to perform their own analysis. Instead, our clients will enjoy access to the combined resources of two well-established players,says Rudy Mui, chief executive officer of ApartmentData.com.
John Severance, founder and chief technology officer of ApartmentData.com, looks forward to what he describes as "the next chapter." He states: By leveraging the resources of MRI, we can more easily address the growing demand for insights at a time when most multifamily organizations need to drive occupancy and maximize revenue.
Today, MRI serves more than 82% of companies on the National Multifamily Housing Council's (NMHC) list of top 50 U.S. apartment managers. Additionally, MRI solutions support more than 20 million residential units worldwide.
MRI will continue to serve ApartmentData.com clients without interruption. Silvermark Partners served as the exclusive advisor to Apartment Data.com.
About MRI Software
MRI Software is a leading provider of real estate software solutions that transform the way communities live, work and play. MRI's open and connected, AI-first platform empowers owners, operators and occupiers in commercial and residential property organizations to innovate in rapidly changing markets. MRI has been a trailblazer in the PropTech industry for over five decades, serving more than two million users worldwide. Through innovative solutions and a rich partner ecosystem, MRI gives real estate companies the freedom to realize their vision of building thriving communities and stronger businesses.
REAL ESTATE TECHNOLOGY
Equity Trust Company | August 26, 2022
Onbe, a leading corporate disbursements fintech company, and Equity Trust Company, a technology-enabled financial services company that empowers individual investors to diversify investment portfolios using alternative assets, announced their recent partnership to modernize how investors pay real estate expenses within their self-directed individual retirement account (IRA).
Expense Pass, managed by Onbe on behalf of Equity Trust, eliminates the need for traditional checks and ACH, and delivers a modern, agile disbursement program via virtual and physical cards, reducing the time to deliver funds for Equity Trust real estate investors. The Expense Pass virtual and physical cards offer property owners fast access to funds to improve their real estate properties or to pay property bills, including condo fees or utilities. Additionally, they can be linked to investors' mobile wallets and are accepted at retail stores across the country.
"We are excited to offer payment disbursement choices to our self-directed IRA investors that make managing their real estate investments easier, We're partnering with Onbe to ensure our real estate investors have access to the funds they need to pay real estate bills or to improve their properties – delivering these payments seamlessly and quickly."
-Rachel Cain, senior manager, client experience and product at Equity Trust
The Expense Pass can be used to pay a variety of expenses including HOA fees, utility bills, property taxes, property insurance, property repairs and renovations, or for property-related purchases at retailers. Real estate investors can request funds that will then be disbursed via virtual or physical cards, which can be linked to Apple Pay, Samsung Pay, Venmo, or PayPal and used to pay third parties like contractors. The cards can also be used anywhere a debit card is accepted, making the funds easily accessible.
Equity Trust's ground-breaking Expense Pass program is transforming how real estate investors access their funds to improve their properties and manage expenses, We're partnering with Equity Trust to deliver a seamless payment experience to their real estate property investors. The Expense Pass program cuts down the time it takes to access funds from up to a week to a day or two, giving real estate investors faster access to their funds,said Tracy Monson, chief product officer at Onbe.
Equity Trust and Onbe completed a successful pilot program and are offering the program to investors that hold real estate in an Equity Trust IRA. Equity Trust real estate investors can register through the myEQUITY online account management system and gain quicker access to their funds with a more convenient payment method.
About Equity Trust Company
Equity Trust Company is a financial services company that enables individual investors and financial professionals to diversify investment portfolios using alternative asset classes such as real estate, tax liens, private equity, cryptocurrency, and precious metals. Equity Trust Company evolved from a predecessor brokerage firm founded in 1974, to a directed custodian today with over 45 years of experience and more than $34 billion in assets.
Equity Trust Company does not provide investment, tax or legal advice concerning your investments and is not liable for any tax consequences for your use of the Prepaid Mastercard. Please contact your tax consultant or professional for any questions concerning your use of the Prepaid Mastercard and your account assets. Equity Trust Company account owners are in no way obligated to enroll in or use the Prepaid Mastercard. This option is available as a convenience only for those wishing to take advantage of this opportunity. Equity Trust Company is not affiliated with the card issuer/bank vendor. Please refer to the terms and conditions you receive with the Prepaid Mastercard concerning additional disclosures concerning the use of the card.
BROKERAGE,MORTGAGE AND LENDING
SkySlope and Greater Lansing Association of REALTORS | August 05, 2022
SkySlope, the leader in real estate transaction and brokerage software, is partnering with the Greater Lansing Association of REALTORS® (GLAR) to offer its premier transaction management solution SkySlope Suite — including SkySlope Forms and DigiSign — as a benefit to GLAR members.
SkySlope's suite of products enables real estate professionals to centralize their workflow while remaining compliant. As the transaction management platform that serves over half of the top 20 largest brokerages in the nation, SkySlope is known for its 24/7 award-winning technical support and customized onboarding and training — both benefits that are now available to GLAR agents.
"We are ecstatic to offer SkySlope to our members, SkySlope provides a valuable resource for REALTORS® to get the most out of their form libraries and elevate the transaction process across the state. Seeing as SkySlope is dedicated to building innovative, easy-to-adopt solutions, we know our members will thrive using SkySlope."
-Aaron Fox, 2022 Greater Lansing Association of REALTORS® President
SkySlope launched in 2011 with a mission to create technology that makes life better for real estate professionals. In October 2017, after several years of impressive growth, SkySlope became a part of the Fidelity National Financial family. This partnership reinforces SkySlope's commitment to its vision, providing them with greater resources to innovate. Since then, SkySlope has continued to create groundbreaking products for its growing community of over 450,000 real estate professionals.
Located in Lansing, Michigan, the Greater Lansing Association of REALTORS® was founded with a mission to promote the American dream of homeownership through a free enterprise system. They provide support for their REALTORS®, allowing them the ability to take on industry challenges, protect homeowner and private property rights, and build communities. GLAR's partnership with SkySlope will empower its agents with top-tier tools designed to help them succeed.
SkySlope Suite for GLAR members will include:
SkySlope Suite - Flagship transaction management solution (includes DigiSign and Forms).
DigiSign - Send documents for signature quickly and easily with intuitive (and free) features.
Forms - Association and MLS forms that are always up-to-date and synced with data from the MLS.
The way REALTORS® work today is changing as they take on more clients, adjust to market swings, and adopt more tech, At SkySlope, we are driven to provide tools that make an immediate impact in our customers' lives which is why we designed SkySlope Suite to be simple, flexible, and user-friendly. We are excited to work with GLAR to provide this benefit to all of its members,says Tyler Smith, CEO of SkySlope.
Established in 2011, SkySlope is the customer experience platform managing real estate transactions from contract to close. Serving over 450,000 real estate professionals across the U.S. and Canada, SkySlope manages nearly 3 million transactions annually. SkySlope is on a mission to build solutions that reshape the real estate industry by creating the most powerful autonomous transaction platform.
About Greater Lansing Association of REALTORS®
Founded in Michigan in 1907, the purpose of the Greater Lansing Association of REALTORS® is to promote the American dream of homeownership through a free enterprise system by preserving the right to own, use, and sell real property. GLAR members work together to take on industry challenges, maintain the most accurate housing data, protect homeowners and private property rights, and help build communities.