Entrata Announces General Availability of New Commercial Product

Cision PR Newswire | March 11, 2020

Entrata, a leading technology provider for the property management industry, today announced the general availability of its Entrata Commercial product, further demonstrating the company's commitment to providing the most comprehensive selection of property management solutions to an expansive market. As a full-service solution for the industry, Entrata Commercial includes a number of critical features including customizable building setup, accommodation of any lease type, flexible rent steps setup, NNN reconciliation, insurance tracking, reporting, access to real-time payment and maintenance information via Entrata's TenantPortal and more. We are proud to continue our tradition of providing an innovative and expansive array of products to serve the property management industry, including our partners in the commercial real estate space," said Chase Harrington, president and chief operating officer at Entrata. "We understand the unique aspects of managing commercial real estate, and we're excited to see Entrata Commercial increase efficiencies and improve business operations for our partners." Entrata Commercial was refined to serve as a full-service solution for commercial real estate managers during a collaborative beta period and is now helping more than 60 Entrata partners manage 16.5 million square feet of commercial space in 2,600 suites at 525 properties.

Spotlight

Housing prices staged a significant rebound since the depths of the subprime mortgage "meltdown." Want to know when even luxury housing will become a "bargain"? Keep an eye on this financial market.

Spotlight

Housing prices staged a significant rebound since the depths of the subprime mortgage "meltdown." Want to know when even luxury housing will become a "bargain"? Keep an eye on this financial market.

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Jetty Announces Partnership with AMLI Residential

Jetty | August 27, 2021

Jetty, the financial services company on a mission to make renting a home more affordable and flexible, today announced a new partnership with AMLI Residential, one of the preeminent multifamily companies in the nation. Jetty Deposit, the deposit replacement that swaps traditional cash deposits for a low monthly or one-and-done payment, is now available across more than 22,000 luxury apartments within AMLI's portfolio. "Jetty Deposit has enabled us to ensure compliance with deposit replacement legislation, while at the same time increasing the levels of protection we have across our apartments," said Kenda Hartmann at AMLI. "Residents love the option of reducing their move-in costs, which helps us attract more prospects and convert them into leases." Jetty works with top property managers across the country to increase lease conversion rates, reduce bad debt, and streamline operations—thereby increasing net operating income. In addition to AMLI Residential, partners include Greystar, LivCor, Related, MG Properties, Cortland, Gables Residential, and many more, representing more than two million units nationwide. ABOUT JETTY Jetty is on a mission to make renting a home more affordable and flexible for everyone. As a fintech company, Jetty's solutions help property managers increase lease conversion, reduce bad debt, and streamline operations. For renters, Jetty lowers the barrier to entry by saving thousands of dollars on move-in costs. ABOUT AMLI AMLI Residential focuses on the development, construction and management of environmentally responsible, luxury apartment communities throughout the country. Founded in 1980, AMLI is owned by PRIME Property Fund, a core commingled institutional fund. AMLI currently owns and manages 72 apartment communities including 23,000 apartment homes and has approximately 5,000 additional apartment homes under development and/or in lease-up at 12 locations. AMLI is a leader in multifamily sustainability. Forty-seven AMLI communities are LEED®-certified, and forty-four communities are ENERGY STAR®-certified.

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Auerbach Funds Announces First Close for Third Opportunistic Real Estate Fund

prnewswire | October 15, 2020

Auerbach Funds today announced the first close for its third real estate private equity fund, Auerbach Opportunity Fund III ("AOF III"). AOF III initially raised $14.7 million of capital commitments and is focused on opportunistic real estate investments in distressed, mismanaged, or underperforming assets within the multifamily, retail, and specialty class located across the U.S. The first close or "friends and family round" was comprised almost entirely of existing investors from Auerbach Opportunity Funds I & II, and AOF III has a target size of $100 million.

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REAL ESTATE TECHNOLOGY

Digital and Sustainable: Lendlease and Google Cloud Partner to Digitally Transform the Built World

Google Cloud | September 08, 2021

International real estate group Lendlease and Google Cloud today announced a new global partnership aimed at transforming the construction and operation of buildings and cities around the world. Working together, the two organizations will help usher in safer, more sustainable, and efficient urbanization projects globally by partnering in three key areas: advancing Lendlease's next-generation IT strategy; integrating new artificial intelligence (AI), machine learning (ML), and smart data features into Lendlease's Podium building software platform; and collaborating on joint go-to-market initiatives to drive sustainability projects industry-wide. Advancing Lendlease's next-generation IT strategy Lendlease is well progressed into exiting its eight on-premise data centers across four continents by 2022, with Google Cloud as its only cloud services provider. With Google Cloud as the foundation for its digital transformation strategy, Lendlease will move to the cloud by migrating its mission-critical enterprise workloads, including its data-intense CAD platforms, in-house project excellence platform, Oli, and its Oracle-based eFinance system. Not only will this enable Lendlease to significantly increase operational efficiency, but also it will drive improved decision making through enhanced reporting and analytics capabilities, and a stronger cybersecurity posture across the organization. Co-developing Podium to digitize global supply chains and building lifecycles Lendlease will integrate new AI/ML and smart data analytics capabilities from Google Cloud into Podium, the Lendlease platform that runs autonomous buildings and helps manage energy use, human needs, and resource management goals. Today, Podium relies exclusively on Google Cloud for its data storage, network, and computing needs, and firms use the platform to plan construction projects with accurate parts, pricing and supply. Under the new partnership, the two companies will collaborate on new Podium products and services to give customers the needed intelligence to improve quality and safety, as well as accelerate development pipelines. Partnering on sustainability to benefit the industry at large The strategic partnership will also see the two organizations co-innovating around new cloud-based offerings underpinned by Podium, and working together on new sales and channel opportunities to drive Podium and Google Cloud adoption among existing customers and prospects. Ultimately this will help drive the digital transformation of the global property and real estate development industry, and give firms the advanced tools and capabilities to achieve their sustainability targets. "Remaking buildings is both the greatest need and the greatest opportunity in addressing our future," said Bill Ruh, CEO, Lendlease Digital. "By using Podium to digitize supply chains, firms can plan construction projects with accurate parts, pricing and supply. This means fewer delays to projects, more precise build plans, and a reduction in cost estimate errors. This will also put important information about the lifecycle of building projects into the hands of employees at their work locations, including construction sites and within owned property assets." "By running on the cleanest cloud in the industry, Lendlease will gain increased efficiency, lower its environmental footprint, and be able to offer its clients greater information about the lifecycle of building projects. Working together, we will also spearhead digital transformation across the global property and construction industry, and enable companies to drive towards a healthier, more sustainable future," said Alister Dias, vice president, Google Cloud in Australia and New Zealand. About Lendlease Lendlease is a globally integrated real estate and investment group with core expertise in shaping cities and creating strong and connected communities. Lendlease has been entrusted with many projects of public, cultural and social significance: constructing the Sydney Opera House, creating the National September 11 Memorial & Museum in New York, and restoring and renovating historic buildings such as London's Tate Britain and National Theater. Headquartered in Sydney, Australia, our people are located in four operating regions: Australia, Europe, the Americas and Asia About Google Cloud Google Cloud accelerates organizations' ability to digitally transform their business with the best infrastructure, platform, industry solutions and expertise. We deliver enterprise-grade solutions that leverage Google's cutting-edge technology – all on the cleanest cloud in the industry. Customers in more than 200 countries and territories turn to Google Cloud as their trusted partner to enable growth and solve their most critical business problems.

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