REAL ESTATE TECHNOLOGY
QUALIA | August 25, 2022
Qualia, the leading digital real estate closing platform, today announced the release of the Qualia API. The Qualia API provides real estate businesses and PropTech companies seeking to start, optimize, or scale their title agency operations the ability to automatically connect internal software tools, integrate with their commercial partners, and analyze their comprehensive performance data.
With the Qualia API, businesses can automatically place and track title orders, as well as access comprehensive order, accounting, and contact data on their files in order to build custom notifications and executive-level performance dashboards. API customers can use these capabilities to design custom client experiences as well as track performance, productivity, revenue, and pipeline across clients and settlement agency branches. These insights can then be used to identify areas for improvement operationally, visualize business trends over time when used with their BI tools, and ensure CRM and accounting systems all stay in sync.
“Our mission at Qualia is to create a simple and secure journey to home ownership, As part of that, we continue to develop technology that helps businesses engineer full end-to-end purchase and refinance experiences. The API makes it easy for businesses to expand without an expensive and timely investment in custom built technology.”
-Nate Baker, CEO at Qualia
The Qualia API comes along at a time when the pace of change in consumer expectations for end-to-end purchase experiences has accelerated. Companies with large-scale operations have historically struggled to keep up with these changes and efficiently connect their multiple workflow and business intelligence tools to deliver a unified real estate transaction experience.
Amid these changing expectations, the real estate and mortgage market continue to tighten. After years of growth, the industry faces a market downturn which is predicted to persist well into 2023. The Mortgage Bankers Association forecasts mortgage origination levels in 2023 are expected to be half of what they were in 2021. During this shift, companies in the real estate and mortgage industry are simultaneously facing heavy pressure to cut costs by operating more efficiently while also investing in modern client experiences in order to remain competitive.
Qualia’s cloud-based platform is uniquely positioned to meet the various needs of real estate business amid shifting macro environments. A flexible set of pull and push API capabilities and a secure authorization framework enable title agents to connect internal systems for a more streamlined title and escrow operations infrastructure. For businesses without internal title operations, the API also enables direct, digital access to a national network of technology-enabled independent title agents.
We think about Qualia as an extension of the Redfin ecosystem and that’s not possible without the Qualia API, With the Qualia API, we don’t have to spend tens of millions of dollars in R&D to build out ways to streamline our title & escrow experience. The Qualia platform makes it possible for us to package, market, and let our customers have a cohesive experience that would not otherwise be possible as a set of discrete services,shared Mary Pappas, Principal Product Manager at Redfin.
ABOUT QUALIA
Qualia is the leading comprehensive digital closing platform used by title, escrow, real estate and mortgage lending professionals to transform home buying and selling into simple, secure, enjoyable experiences for millions of homeowners each year. The Qualia platform provides a secure operating system of record for the real estate settlement ecosystem through a suite of workflow, accounting, reporting, and communications products as well as its expansive product and service integrations. Qualia is headquartered in San Francisco, CA and has offices in Austin, TX, and Superior, CO.
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REAL ESTATE INVESTMENT
Cantor Fitzgerald | July 29, 2022
Cantor Fitzgerald Income Trust, Inc. ("CF Income Trust"), a non-traded real estate investment trust and affiliate of Cantor Fitzgerald, L.P., announced today the completion of more than $118 million in real estate-related transactions since the beginning of 2022. As of June 30, 2022, the portfolio exceeds 6.9 million square feet1 with total assets controlled of $1.05 billion.2 Chris Milner, President of CF Income Trust, stated, "We have been active, thus far in 2022, and continue to execute on our high conviction themes of acquiring well-located multifamily properties and net lease assets with strong tenants."
Recent acquisitions include:
Eisai Inc. North American Headquarters – Nutley, New Jersey – Class-A Office
On April 22, 2022, CF Income Trust, through a joint venture with a subsidiary of Cantor Fitzgerald Investors, LLC, indirectly acquired 10% of the interests in a Delaware Statutory Trust that purchased a 15-story, 332,000 square foot Class-A office tower located in Nutley, New Jersey. The property is leased to Eisai Inc. and serves as the North American headquarters for Eisai Co., Ltd. ("Eisai"), a Japan-based global pharmaceutical company.
The property was most recently renovated in 2021 and is designed to nurture the company's hybrid flexible working model, which allows for collaboration and interaction among colleagues. Additional features include a 405-seat auditorium, private outdoor garden, and amenity area. "The property is located within the master planned ON3 life sciences campus, an area that will ultimately include 1.4 million square feet of office/R&D/medical space, multifamily residential, retail amenities, a full-service hotel, and significant green space," said Roger Shreero, Managing Director, Cantor Fitzgerald. "This newly renovated, high-quality asset is a great addition to the portfolio and is a centerpiece within the growing life sciences landscapes of the Nutley and Clifton townships."
Landings of Conroe, Conroe, Texas – Multifamily
CF Income Trust, through a joint venture with an affiliate of CAF Management, LLC, acquired a 200-unit multifamily property located in Conroe, Texas.
Built in 2005, the property features one-, two-, and three-bedroom apartment home floor plans with amenities including a clubhouse, 24-hour fitness center, swimming pool, picnic and grilling area, sport court, dog park, and gated access.
"The area has seen significant growth in recent years due to corporate expansions by ExxonMobil, HPE, HP Inc., and ABS in neighboring The Woodlands and Springwoods Village," said Matt Keefer, Managing Director, Cantor Fitzgerald. "Housing demand continues to rise and the property is in a position to benefit from that demand."
Mars Petcare - Columbus, Ohio - Cold Storage Warehouse
CF Income Trust, Inc., through a wholly owned subsidiary of its operating partnership, acquired a 465,256 square foot cross-dock dry/cold storage facility in Columbus, Ohio. The property is 100% leased to Mars Petcare, U.S. Inc., the domestic segment of Mars' global pet care business. Located adjacent to Mars Petcare's primary production facility, the property features 168,245 square feet of freezer space, LED lighting, 30' clear heights, 27 dock doors, two drive-in doors, 212 car spaces, and 100 trailer spaces on a 21.6-acre site.
"We are pleased with the performance and growth of CF Income Trust, We remain focused on adding well-located properties with predictable income streams to our defensively positioned portfolio. Our ability to be selective in today's market is key to our success."
Jay Frank, President, Cantor Fitzgerald Asset Management
About Cantor Fitzgerald Income Trust, Inc.
Cantor Fitzgerald Income Trust, Inc. is a publicly registered, non-traded, monthly-valued perpetual NAV real estate investment trust (REIT) that owns and manages a diversified portfolio of institutional quality, income-producing commercial real estate including apartments, industrial, office, and necessity retail properties located in the United States
About Cantor Fitzgerald, L.P.
Cantor Fitzgerald, with over 12,000 employees, is a leading global financial services group at the forefront of financial and technological innovation and has been a proven and resilient leader for over 77 years. Cantor Fitzgerald & Co. is a preeminent investment bank serving more than 5,000 institutional clients around the world, recognized for its strengths in fixed income and equity capital markets, investment banking, SPAC underwriting and PIPE placements, prime brokerage, and commercial real estate, and for its global distribution platform. Cantor Fitzgerald & Co. is one of the 24 primary dealers authorized to transact business with the Federal Reserve Bank of New York. Cantor Fitzgerald is a leading SPAC sponsor, having completed multiple initial public offerings and announced multiple business combinations through its CF Acquisition platform.
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REAL ESTATE INVESTMENT
Newmark | June 28, 2022
Newmark Group, Inc. is ranked #1 on LinkedIn's 2022 'Top Companies in Real Estate' list. The list is part of LinkedIn's 'Top Companies: Industry Edition', ranking the 25 top companies at which to grow a career in nine major U.S. industries.
Investing in opportunities for the long-term success of our talented, industry-leading professionals is, and always will be, a top priority for Newmark. As Newmark continues its growth trajectory—both nationally and internationally—the leadership and support of our people is truly a driver of opportunity in all markets."
Barry Gosin,Newmark Chief Executive Officer
Other honorees—all Fortune 500 companies—that took the number one spot in LinkedIn's 'Top Companies: Industry Edition' lists include Amazon (Retail), Blackstone (Financial Services), Expedia Group (Travel & Hospitality), Google (Technology and Information), PepsiCo (Consumer Goods) and The Walt Disney Company (Media and Entertainment).
Rankings are based on LinkedIn's seven data-backed career-progression pillars—ability to advance, skills growth, company stability, external opportunity, company affinity, gender diversity and educational background.
About Newmark
Newmark Group, Inc., together with its subsidiaries, is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark's comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform's global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. Newmark generated revenues of nearly $3.1 billion for the twelve months ending March 31, 2022. Newmark's company-owned offices, together with its business partners, operate from approximately 170 offices with 6,300 professionals around the world.
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