REAL ESTATE TECHNOLOGY, AGENT
Cadre | March 01, 2023
On February 28, 2023, Cadre, a technology-driven real estate investment management leader, announced its launch of an individual retirement account (IRA) solution. Through the solution, the investors are enabled to allocate their IRA funds into CRE (commercial real estate) via the Carde platform. The real estate company anticipates that the new investment option will continue to broaden access to CRE – a typically tax-advantaged asset class with more extended investment periods and attractive risk-adjusted returns relative to stocks.
IRA investors who experienced a challenging year in 2022 would be offered Carde's new solution. According to the Investment Company Institute, between Q1 and Q3 2022, U.S. retirement market assets decreased by more than 18% and lost $7.1 trillion. As per YCharts, S&P 500 Index Returns, and NCREIF Property Index, total returns for all property types IRAs held the majority of retirement assets holding over $11 trillion in assets allocated to equity funds. While S&P 500 index declined by more than 13%, whereas NCREIF Property Index increased by 9.13%.
Cadre's IRA solution follows the 2022 launch of the Cadre Horizon Fund, enabling retirement-focused investors to allocate IRA funds to the Fund via Cadre's online platform. The Cadre Horizon Fund can be held with a number of leading IRA custodians, including Equity Trust Company, The Entrust Group, and Millennium Trust Company. In addition, Cadre's Investor Relations team can help interested investors navigate the allocation process and determine Cadre's compatibility with other preferred IRA custodians.
Based in New York, Cadre is the premier technology-driven commercial real estate investment platform that offers individuals and institutional investors the opportunity to access expertly curated real estate assets with low fees, lower minimums, and unprecedented potential for liquidity. Cadre enables access to a historically opaque and illiquid asset class through its data-driven and transparent methodology. Cadre has closed more than $5 billion in real estate transactions across 25 U.S. markets since its founding in 2014.
REAL ESTATE TECHNOLOGY, REAL ESTATE INVESTMENT
AppFolio | February 03, 2023
On February 2, 2023, AppFolio, Inc. introduced AppFolio AlphaTM, an AI-powered investment management solution meant to provide a unified experience that automatically gathers, standardizes, and displays crucial property management data.
The end goal of this innovation is to give real estate investment managers useful information that they can use to make better strategic decisions.
Manually aggregating property management data for business insights is time-consuming, difficult to manage, error-prone, and impossible to scale. According to a report by Pi Labs, nearly half of the organizations spend 2–3 months a year collecting and organizing data to make decisions. In today's economy, asset managers are more focused on maximizing their investments using measures like occupancy rates, lease expiration, and rent increases.
AppFolio Alpha is a cost-effective alternative to hiring more staff that makes it simple for asset managers to collect and consolidate data, view key metrics for optimizing asset performance, audit performance across multiple portfolios at a glance, generate accurate reports, and meet their objectives.
Nat Kunes, Senior Vice President of Real Estate Investment Management at AppFolio, stated, "Today's real estate investment managers deserve technology that keeps up with the fast pace of the broader real estate industry."
He continued, "AppFolio Alpha enables investment managers to spend less time sorting through scattered data sets and more time uncovering actionable insights with visual KPIs like occupancy rates and lease expirations. We're proud to continue bringing innovations like Alpha to the market so we can help customers better understand potential points of exposure and take action for their business."
(Source – GlobeNewswire)
AppFolio, the industry's preeminent cloud-based business management solutions provider, specializes in serving the real estate sector. The company's products and services make it possible for its clients to digitally transform their companies, improve the efficiency of their most essential business processes, and provide superior service to their end users.
REAL ESTATE TECHNOLOGY, REAL ESTATE INVESTMENT
Tribe Property Technologies | March 10, 2023
On March 09, 2023, Tribe Property Technologies Inc. announced a deployment of VendorPM nationwide to support Canada's Tribe-managed communities. Property managers at Tribe-managed communities will benefit from a streamlined request for proposal (RFQ) process because of the Tribe's partnership with VendorPM, allowing them to connect easily with more than 30,000 service providers.
A proprietary platform integration was also launched by Tribe recently that streamlines the mandatory Tarion new home warranty process that is specific to the Province of Ontario. The new partnership, available for real estate developers through the Company's Tribe Home Pro digital solutions, brings the ability and automation for developers to track issues from any stage of development, from a single dashboard to generate custom reports, and simply review all in-unit warranty issues and their resolution status. It further results in faster and more efficient turnarounds for homeowners.
The Tribe Home Pro solution enables real estate developers to track pre-delivery inspection deficiencies, digitize building data and owners' manuals, and facilitate the handover of a completed community to owners and condo boards.
About Tribe Property Technologies
Founded in 2012, Tribe Property Technologies is a tech-savvy property management firm that supports residents, councils, real estate developers and vendors to complete pre-constructed occupancies. As a rapidly expanding company, its integrated service-technology delivery model serves a broader range of stakeholders than traditional service providers. It seeks to acquire highly accretive businesses in the fragmented North American property management industry and transform them by streamlining and digitizing their operations.