ESG Presents Material Risk and Opportunity for Real Estate

The Counselors of Real Estate | August 19, 2020

ESG Presents Material Risk and Opportunity for Real Estate
Environmental, Social and Governance practices are no longer an emerging trend, but a critical component of real estate investment integrated into investment decision-making, according to a report from The Counselors of Real Estate. COVID-19 has further cemented this paradigm shift as risk management, resiliency, transparency, and social engagement—key components of ESG—take center stage.

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REAL ESTATE INVESTMENT

Archer Announces Revolutionary Data-Powered Underwriting Tool for Multifamily Investors

Archer | August 23, 2021

Archer has unveiled AIM Automated Underwriting, a data-driven underwriting tool that significantly enhances the multifamily underwriting process and reduces the amount of time required to complete a first underwriting from days to minutes. AIM Automated Underwriting solves one of biggest challenges that real estate investors face today – evaluating and underwriting deals efficiently and effectively. With AIM Automated Underwriting, investors can complete a first underwriting of any multifamily property in less than 15 minutes. "Quality underwriting is crucial to the successful execution of an investment strategy, but speed also matters because investors that act quickly have an advantage over their competitors," says Thomas Foley, co-founder and CEO of Archer. "Before AIM Automated Underwriting, investors had to choose between speed and quality. AIM Automated Underwriting gives investors all the information they need to estimate expected returns, mitigate known risks, and take advantage of upside potential." AIM Automated Underwriting supports Archer's mission to make real estate investing easier through better data, technology, and local expertise. The tool is an extension of AIM, Archer's proprietary technology platform, which helps investors source opportunities by converting raw, disjointed data into actionable market intelligence with a click of a button. "Real estate investors today are overwhelmed and stretched," says Fred Canney, co-founder, COO, and CFO of Archer. "Their teams are trying to do more with less and are constantly looking for ways to differentiate their capabilities. AIM Automated Underwriting not only vastly improves the quality of each underwritten model, it also gives back the most valuable commodity of all: time." By leveraging machine learning, AIM Automated Underwriting predicts operating costs, identifies the best comps in the market for revenues or sales, and automatically sorts through thousands of comparable properties to select only the best. It then organizes the information in a useful and intuitive way through a user interface that helps real estate acquisitions teams quickly apply their expertise to adjust the base level assumptions as needed. AIM Automated Underwriting provides: Speed to the first underwrite – 15 minutes or less for a full multifamily evaluation, with or without a rent roll or T-12 Transparency in decision making – see all rent, operating costs, and sales comps; understand why each comp was chosen, and importantly, which comps were not chosen and why Expansion of scope – with an automated underwriting model, investors can look at more deals than before, prioritize deals faster, and choose where to spend their time "I can't imagine going back to the old way of underwriting," says Miles Pratt, managing director of acquisitions for Archer. "Being able to confidently underwrite dozens of properties in several different markets in a fraction of the time is a real game-changer. Though human-level refinement is still necessary for perfecting underwriting, the speed that you can get to the refinement part of the analysis is a huge leap in productivity." AIM Automated Underwriting effectively produces a baseline underwriting complete with comparable analysis and all the information necessary for investors to make smart, informed decisions. "At Archer, we know that data is only the start of the equation – real estate professionals bring a tremendous amount of market knowledge and acquisitions expertise," Canney says. "We believe AIM Automated Underwriting helps prioritize effort, focuses human energy where it can add the most value, and allows investors to pursue more deals with the teams they have today." Q&A: Archer's Canney Explains the Ins & Outs of AIM Automated Underwriting AIM Automated Underwriting is just one of Archer's unique technology tools. The company's talented data science team recently developed a recommendation engine to help investors expand from their local market into "look-alike" markets where they have a less of a presence. The powerful recommendation engine analyzes new markets at scale that would traditionally require an army of analysts. Learn more about Archer's recommendation engine. Since launching the platform in March 2021, Archer has grown its real estate clients to more than a dozen funds and operators who are sourcing off-market opportunities in more than 25 markets. For example, Archer has partnered with a Houston-based private equity firm to expand its market entry to Austin and San Antonio. It's also working with an investor with very specific investment criteria to identify pockets of opportunity within San Diego and Salt Lake City. About Archer Archer is a real estate investment firm that helps investors build their ideal portfolios. By targeting specific cities and properties, Archer is transforming the way investors enter new markets and expand into new property types. The firm has developed a transformative technology tool, Actionable Insights Model (AIM), that merges data from trusted sources and insights from local market experts. Guided by AIM, Archer identifies the most strategic assets, allowing investors to reduce the risk associated with market entry.

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Atlas Real Estate Acknowledged As Best Colorado Property Management And Best Residential Real Estate Agency

Atlas Real Estate | May 22, 2020

The Atlas team is thrilled to be recognized for its efficient property management team and as a top real estate agency in Colorado. Atlas provides property management services across Colorado and in Phoenix, Arizona. Of the 3,200 properties that Atlas currently manages. Atlas provides a rent with the right to purchase program to qualified residents, allowing many renters to become first-time home owners. Atlas Real Estate, a full-service real estate company specializing in property management, investment brokerage and institutional acquisition, announces its fourth consecutive year as ColoradoBiz Magazine's Best of Colorado Property Management, as well as Best Residential Real Estate Agency. In ColoradoBiz Magazine's annual Best of Colorado Business Choice awards, readers voted for their top Colorado businesses. Among the 70 categories includes real estate, a highly prominent segment in Colorado's prosperous economy. The Atlas team is thrilled to be recognized for its efficient property management team and as a top real estate agency in Colorado. Read More: ERA Real Estate Declares Renewal of Four Firms With 101 Years Combined Affiliation Tenure We are humbled to receive these awards and to honor our dedicated team. We work hard to take care of our residents, and because of this, our retention rate is one of the highest in the industry, in turn protecting against the cost of vacancy for our owners, Nick Mertens, VP of Property Management at Atlas Real Estate. Atlas provides property management services across Colorado and in Phoenix, Arizona. Of the 3,200 properties that Atlas currently manages, it maintains 98.5 percent economic occupancy. Continuously working to develop its services, Atlas has recently announced a new position, the resident resource manager, to help residents impacted by COVID-19. Additionally, Atlas provides a rent with the right to purchase program to qualified residents, allowing many renters to become first-time home owners. At Atlas we have a saying, 'good for you, good for me, good for everything'. This abundance mindset fundamentally shapes how we do business. This award validates that we can add both value to property owners, while also providing safe and affordable housing to our residents. We are grateful for our team members who are dedicated to serving residents with dignity and respect, Tony Julianelle, CEO. Read More: Utilizing your IRA to Buy and Sell Real Estate About Atlas Real Estate Atlas is a distinctly different real estate company specializing in: Investment; Property Management; Institutional Acquisition; a full-service Buy/Sell Brokerage; and a Zillow Offers Partner Agent. Serving Colorado, Arizona and Nevada, the group transacts more than $1 billion in real estate annually and manages more than 3,200 residential units. Atlas has been recognized as Best Place to Work, Best Property Management and Top Company in Real Estate.

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REAL ESTATE TECHNOLOGY

New Industrial Real Estate Joint Venture for NPS and Stockbridge

businesswire | December 03, 2020

Stockbridge declared today that it has shaped a joint endeavor with the National Pension Service of Korea ("NPS") to gain center coordinations properties in the U.S. In association with Stockbridge's open-end center asset and an extra institutional financial specialist, this recently framed endeavor has resolved to get a 14.3-million square foot arrangement of Class A coordinations offices over the U.S.— the biggest exchange by estimation of modern properties since the beginning of the pandemic. Monetary terms of the exchange and the vender were not revealed. The portfolio incorporates as of late finished and destined to-be-finished properties, with a critical portrayal of significant web based business inhabitants under long haul leases. With a normal year worked of 2020, the portfolio epitomizes the most recent advancement in innovation forward coordinations development, planned towards satisfying need for ever-quicker online business satisfaction and conveyance times. “We are excited to acquire high-quality industrial properties that are well aligned with our strategy to capitalize on the paradigm shift to e-commerce,” said Scott Kim, Head of the Real Estate Investment Division at NPS. “This acquisition will be an excellent addition to our real estate portfolio. Additionally, our local presence in New York has allowed us to quickly underwrite the portfolio and manage partner relationships to successfully form this venture.” “We see this acquisition as an exceptional way of tapping into the rapid acceleration of e-commerce growth—one of the most impactful investment themes post-COVID, and likely of the decade to come,” said Terry Fancher, Stockbridge Executive Managing Director. “The tremendous ongoing support of our venture partners has afforded us the opportunity to transact quickly and nimbly in order to access these kinds of rare opportunities at scale.” “This is an extraordinary-quality core portfolio considering its modern construction, high-credit and e-commerce tenant base, and long-term leases,” added Nicole Stagnaro, Stockbridge Managing Director. “It’s difficult to find better cash-flow visibility across private equity real estate today, particularly in a period of broad market uncertainty.” The exchange is Stockbridge's third huge scope portfolio procurement in the modern area in the previous 16 months. Other late buys remember a 8.7-million-square-foot portfolio for November 2019 and a 6.4-million-square-foot portfolio in August 2019. The firm has likewise been exceptionally dynamic in single-resource mechanical acquisitions all through 2020. Joined with the latest exchange, Stockbridge's developing mechanical impression is on target to outperform 55 million square feet.

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Spotlight

This infographic gives an overview of what we can expect in 2017 for the housing market and the economy.