REAL ESTATE TECHNOLOGY,REAL ESTATE INVESTMENT
Grace Hill and Ellis | January 02, 2023
Grace Hill, a pioneer in talent and customer management solutions for commercial and multi-family real estate, recently announced that it acquired Ellis Partners in Management Solutions (Ellis), a provider of mystery shopping and resident and employee survey solutions, and Edge2Learn, an e-learning company offering training and policy management solutions in the multifamily industry. However, the financial details of the transaction weren't revealed.
To aid property owners and operators in retaining top talent and enhancing the financial performance of their properties, Edge2Learn and Ellis offer online training in addition to policy, survey, mystery shopping, and data-driven insights. Over 600 online training courses catering to the needs of multi-family rental communities in the conventional, affordable, student, and senior markets have been developed by the companies. The merged business will offer a cutting-edge employee and property intelligence platform that improves productivity and profitability.
Grace Hill stated that both Edge2Learn and Ellis share the company's dedication to creating world-class training, mystery shopping, and management solutions to assist industry-leading real estate operators and owners in maximizing property performance, mitigating operational risk, and cultivating the talents of their workforce.
Among real estate training and feedback providers, Grace Hill, Edge2Learn, and Ellis have earned a well-earned reputation as industry leaders. Edge2Learn and Ellis are thrilled to join forces with Grace Hill and Aurora groups to form a truly innovative business that meets their combined clientele's current and future needs.
According to Aurora, Grace Hill is a market leader in its own right with enormous expansion potential, and this is the kind of game-changing deal it would like to close early in its hold period.
Since forming a strategic partnership with Aurora in May 2021, Grace Hill has added Kendall Pretzer as CEO, Charles Loop as CFO, Todd Harkness as CRO, Rob Beauchamp as CPO, and Traci Johnson as CMO to its executive ranks. Grace Hill was assisted by the law firms of Massumi + Consoli LLP and Gibson Dunn & Crutcher LLP.
About Grace Hill
Grace Hill offers cutting-edge SaaS technology solutions for the real estate market, intending to improve people's daily lives in their communities. By drawing on its extensive background in the real estate industry and its knowledge that 'people are better together', Grace Hill assists property owners and managers in boosting their properties' profitability, decreasing operational risk, and training future leaders. Grace Hill's talent performance solutions include policy, training, assessment, survey, and data-driven insights, and are relied on by over 500,000 professionals at over 1,700 businesses.
About Ellis
Ellis, Partners in Management Solutions (EPMS) has helped multi-family housing companies evaluate their sales and marketing effectiveness for over 35 years through its Apartment Mystery Shopping program. Using a multi-step process that captures the customer experience as a whole – from objective technique (shops) to subjective feedback (surveys) to emotional impact (social media) – Ellis offers customers easily attainable solutions that drive customer loyalty, resident retention, and profits.
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REAL ESTATE TECHNOLOGY, MORTGAGE AND LENDING
MeridianLink | March 03, 2023
On March 02, 2023, MeridianLink®, Inc., one the leading provider of modern software platforms for consumer reporting agencies and financial institutions, announced that it received two HousingWire 2023 Tech100 Mortgage Awards. MeridianLink’s selection as a winner was based on its innovative approach to bring flexibility and improve browser experience, speed and insight to mortgage origination. In addition, a MeridianLink® company, OpenClose™, was identified because its 100% browser-based, omnichannel solutions empower lenders to enhance efficiencies, improve margins, reduce costs, and advance experience quality. These award-winning capabilities provide financial institutions with the robust technology they need to improve the experiences for loan officers and borrowers and close more loans.
The Tech100 program, now in its eleventh year, offers housing professionals a comprehensive list of the most innovative and influential organizations that can be used to identify partners and provide solutions to the daily challenges mortgage lenders face. Every year, the Tech100 program improves progressively more competitively, and the quality of applicants improves as the industry’s demand for technology increases. In its fourth year, the Tech100 program was presented in two groups, including HW Tech100 Real Estate and HW Tech100 Mortgage, to highlight the achievements and innovation of organizations within both sectors.
Chris Maloof, President of Go To Market, MeridianLink®, said, “It is a privilege to be selected once again as a winner of HousingWire’s renowned Tech100 award, and we are thrilled that our industry-leading offerings represent such a large percentage of the true mortgage loan origination systems on this year’s list.” He also said, “As lending progresses toward an increasingly digital future, MeridianLink® and OpenClose™ will continue offering world-class digital experiences built on innovative solutions. We are proud to give our customers choices that connect them with the same technology they need to outshine the competition.”
(Source – Business Wire)
About MeridianLink®
Founded in 1998, MeridianLink® enables digital lending and account opening for financial institutions and provides consumer reporting agencies with data verification solutions. Its cloud-based, scalable platforms support customers to build deeper relationships with consumers via data-driven, personalized experiences throughout the lending life cycle. Its established industry leaders continue to set the industry standard for web-based credit reporting and all sizes of financial institutions. Based in Costa Mesa (California), MeridianLink® has prioritized the democratization of lending for customers, businesses, and communities specializing in loan origination, mortgage systems, loan software and banking software.
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REAL ESTATE TECHNOLOGY, REAL ESTATE INVESTMENT
Cresa and 4SITE by CORT | February 07, 2023
On February 06, 2023, one of the world's largest occupier-centric commercial real estate firms, Cresa and a provider of a sensor-based workplace occupancy and space utilization platform, 4SITE by CORT, announced their partnership. The two combined will help office occupiers optimize their workplaces.
Many occupiers are looking for ways to reduce underutilized space and real estate spending, as projected by economic headwinds and promoted by the pandemic in a trend. Cresa and 4SITE both acknowledge the importance of cost-effectiveness for businesses, but they also advocate for a more rounded strategy for optimizing workplace environments, one that considers the wants and needs of both employers and workers.
Cresa and 4SITE's partnership is ingrained in a shared commitment to help occupiers make decisions about their workplaces and using data. 4SITE's wireless sensors are the first of their kind, providing an easy-to-implement plug-and-play option that is both cost-effective and reliable for respondents' right to privacy. With 4SITE, you can track occupancy in real-time and get reports and dashboards that break down utilization averages and peaks, compare utilization across different types of spaces, and more.
Additionally, Cresa's Workplace Solutions Team will provide expert analysis as an add-on to the technology, where the experts leverage the data gleaned from 4SITE's sensors to shed light on how office space can be reduced or reorganized more efficiently. As a result, both partners give occupiers a competitive edge, one that reduces costs and improves the employee experience to bring people back to the office.
About 4SITE by CORT
Based in Chantilly, Virginia, 4SITE is wholly owned by CORT Business Services, a Delaware corporation. 4SITE was created to help office occupiers effectively and efficiently understand the use of office space and provide the required data to assess future office space requirements. By tracking how much space is being used, CORT and its clients can adapt to the needs of a rapidly changing workforce. A 4SITE workplace occupancy study that includes accurate and proactive information can help promote a healthy facility by providing the correct information on how space is used.
About Cresa
Founded in 1993, Cresa is a global commercial real estate advisor. The company specializes in delivering fully integrated real estate solutions and represents occupiers. To think beyond space, enhancing and strengthening the quality of life for clients. Its services are provided across industries, including Workplace Solutions, Consulting, Lease Administration, Transaction Management, Project Management, Technology, Investment Banking & Capital Markets and Portfolio Solutions. In collaboration with London-based Knight Frank, Cresa employs 16,000 people across 380 offices in 51 countries to provide customer service.
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