REAL ESTATE TECHNOLOGY, MORTGAGE AND LENDING
Businesswire | May 08, 2023
Axar Capital Management LP (“Axar”) and Morning Calm Management, LLC (“Morning Calm”) today announced the launch of Morning Axe Management (“MAM” or the “Company”), a real estate lending platform formed to offer capital solutions by originating senior loans and mezzanine loans in commercial real estate nationwide. The Company will invest and manage discretionary capital on behalf of life companies and other institutional investors. Morning Axe will setup dedicated headquarter operations in Des Moines, IA with future origination teams spread across the country.
Morning Calm is a vertically integrated real estate investment and management platform with a focus on special situation investing. Axar is a value-oriented investment firm focused on highly flexible, opportunistic investing in the corporate middle market. Since their respective inceptions, Morning Calm and Axar have deployed over $5.0 billion of capital, including real estate investments in target property sectors.
The MAM platform launches with access to approximately $250 million of capital via a separately managed account. MAM has also engaged Raymond James to support additional institutional fund raising. MAM’s strategy is to bring new solutions to commercial property borrowers as traditional lenders work through legacy issues and otherwise seek to deleverage in a rapidly changing market environment. MAM’s new credit and structured finance platform aims to fill that gap. Target property sectors include industrial, multifamily, retail, self storage and office, among others.
“The convergence of rising rates and the decreased availability of real estate credit has created an opportunity for MAM to be a solution to borrowers looking to acquire properties or refinance existing loans. As liquidity remains scarce in the real estate capital markets, we will be well-positioned to be a preferred partner to leading sponsors,” said T.J. Heither, Head of National Originations. “The combination of Morning Calm and Axar Capital bring complementary skill sets, a long history of successful partnerships and significant infrastructure that will allow MAM to efficiently scale and diversify our portfolio of investments.” Prior to joining MAM, Mr. Heither was most recently the Senior Vice President, National Commercial Real Estate, at Susser Bank. Prior to that he held origination and investing roles at Mutual of Omaha Bank and Principal Global Investors.
“This new platform will help borrowers access capital in a challenged market that has seen some of the largest lenders reducing their appetite for risk,” said Mukang Cho, Founder and CEO of Morning Calm. “The real estate credit market has diversified and grown significantly in recent years, and its recent dislocation creates a large void for MAM to fill.”
About Axar Capital Management LP
Axar Capital Management LP is a value-oriented investment firm focused on highly flexible, opportunistic investing in the corporate middle market. Axar's investment team focuses on opportunities across the capital structure in complex situations as a provider of debt and equity solutions that allow its management teams and portfolio companies to realize their long-term value potential.
About Morning Calm Management
Morning Calm Management is a vertically integrated real estate management firm with a focus on special situation investing. Through its affiliates, the firm owns and manages approximately 10 million square feet of commercial real estate throughout the United States on behalf of private and institutional capital.
REAL ESTATE TECHNOLOGY, AGENT
PRnewswire | April 04, 2023
Since its inception in 2020 roomvu video content platform has acquired over 110,000 real estate professionals. Funded by a Former Top Producer realtor in Vancouver, Canada, the platform initially served as a niche market insights video solution for Real Estate Agents. But throughout the past 3 years, the content has expanded to images and stories as well ads. The platfrom now also has over 3000 Mortgage Brokers and Loan Officers using the product. The Web-based solution also now provides Social Media Management, Digital ads, and Email marketing to distribute the content it creates.
Roomvu is proud to announce its partnership with the Southland Regional Association of REALTORS®, Inc. (SRAR). SRAR is a leading Real Estate organization representing over 12,000 real estate professionals in Southern California. The partnership allows roomvu's content to be integrated within SRAR's state-of-the-art internal systems, allowing agents to Single Sign On and also manage their social media through the platform. Roomvu will also provide interactive market insight videos based on SRAR's data for all agents.
Here are what most agents face when trying to market their business on social media:
Agents are not consistently posting on social media.
Agents run out of local content to post, which leads back to problem #1.
This leads to agents doing little to nothing at all (even if the brokerage creates content for them)
roomvu's technology allows for a consistent flow of Hyper-Local Content Across Multiple Channels. The platform creates Hyperlocal videos, customized to each agent and automatically posts it on every agent's social media Inc: Instagram, Facebook and Tiktok! The partnership allows for all agents within SRAR to get 1 free social media post per week on Facebook, Twitter, or Linkedin, as well as access to exclusive discounts to upgrade courtesy of SRAR.
"The world of digital and social marketing is ever evolving. roomvu has always tried to stay ahead of the trends on Digital Media Marketing for Real Estate, and this addition is the next step in that direction that broadens our marketing focus beyond agents," says Sam Mehrbod, Founder and CEO of roomvu. "We know that agents and brokerages already have millions of things to do on their plate. So we do what we do best, Creating Powerful Content. This is our largest partnership todate, empowering more agents, to start posting on social media , start a conversation with their audience, and bring them more visibility"
"SRAR is constantly looking for ways to offer our members the newest technology and resources to help them succeed." Says Rich Pisani, 2023 President of SRAR. "We are excited to add a best-in-class social media provider that is also part of NAR's REACH Canada class of 2022."
Roomvu.com is the pioneer in Video Marketing for Real Estate Agents & Mortgage Brokers, Backed by the USA's National Association of Realtors. Roomvu generates Localized & Relevant Content for over 110,000 agents across and USA & Canada. It produces hyper-local content to automate Social Media Marketing, Email Marketing, CRM and Digital Ads for real estate professionals.
About Southland Regional Association of REALTORS
The Southland Regional Association of REALTORS is the "voice for real estate" in the San Fernando and Santa Clarita valleys. Their mission is to support members in serving their community with the highest standards of ethics and professionalism, and to champion real property rights and pathways to homeownership for all.
REAL ESTATE TECHNOLOGY, REAL ESTATE INVESTMENT
PRnewswire | April 17, 2023
Global X ETFs, the New York-based provider of exchange-traded funds (ETFs), today announced the launch of the Global X PropTech ETF (PTEC). This fund, which provides exposure to companies positioned to benefit from innovations in property technology, is Global X's latest addition to its growing suite of thematic-based funds.
The global real estate market comprises over $325 trillion in assets.i, and the opportunity for disruptive technology in this market is massive. From property management software to internet-of-things-based property monitoring to virtual reality tours, there is no shortage of new tools emerging for sellers and homeowners alike. By providing exposure to the companies that are positioned to benefit from the technology that optimizes the way people buy, sell, rent, design, construct, manage, and research and market residential and commercial properties, PTEC can help enable investors to capitalize on this growth.
"The process of both finding and maintaining a home is becoming increasingly reliant on cutting-edge technologies and real estate digitization," said Pedro Palandrani, Director of Research at Global X ETFs. "With the launch of PTEC, Global X is leveraging its expertise in thematic investing to offer investors exposure to companies investing in the technology that should meet the needs of this vast, addressable market."
The Global X PropTech ETF (PTEC) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Global X PropTech Index. The fund has an expense ratio of 0.50%.
About Global X ETFs
Global X ETFs was founded in 2008. For more than a decade, our mission has been empowering investors with unexplored and intelligent solutions. Our product lineup features over 100 ETF strategies and over $38 billion in assets under management.ii While we are widely recognized for our Thematic Growth, Income, Commodity and International Access ETFs, we also offer Core, Risk Management, Digital Asset, and other solutions to suit a range of investment objectives. Explore our ETFs, research and insights, and more at www.globalxetfs.com.
Global X is a member of Mirae Asset Financial Group, a global leader in financial services, with more than $480 billion in assets under management worldwide.iii Mirae Asset has an extensive global ETF platform ranging across the U.S., Brazil, Canada, Colombia, Europe, Hong Kong, India, Japan, Korea, and Vietnam with over $80 billion in assets under management.