REAL ESTATE TECHNOLOGY

For home-sellers in a hurry, William Raveis Real Estate opens new doors.

Raveis | April 12, 2021

Low home loan rates, joined with popularity and low stock, have brought about an exceptionally serious housing market, making numerous potential purchasers stress over missing out on their fantasy home while their present property is recorded. William Raveis Real Estate, Mortgage and Insurance (WRRE), the top family-claimed land organization traversing the Northeast and Florida, settles this sell-before-you-purchase issue with another program called Raveis Purchase. Under Raveis Purchase, dispatched recently, WRRE will buy a customer's home, empowering them to open their home value rapidly so they can make a certain, non-unexpected proposal on their next home, which WRRE will likewise help them purchase, fund and guarantee. The program is the most advantageous assistance for a home-vender who needs to sell and purchase in a rush.

WRRE will procure the house vender's property for an underlying installment of up to 80 percent of the current estimation of the home, opening most of the value and empowering the home-merchant to settle any home loans. Utilizing another new apparatus, Raveis Refresh, WRRE will at that point set up the home available to be purchased with their organization of master originators and exclusive merchant stage, making any essential overhauls and remodels to expand the home's estimation to guarantee the home sells at the greatest expense and as fast as could really be expected. When the home sells, the property holder will get the returns, which may surpass market assumptions and extra worth. This help is accessible all through Raveis' nine-state impression (Florida, Connecticut, Massachusetts, Rhode Island, Vermont, New Hampshire, Maine, New York, New Jersey) and for homes at all value focuses.

"Raveis Purchase is the ultimate in hassle-free home-selling," said Ryan Raveis, Co-President of WRRE and President of William Raveis Mortgage. "For homeowners who want to maximize the value of their home and take advantage of this hot real estate market, Raveis Purchase is a no-brainer and a guaranteed sale. They will have cash in hand and be ready for their next home."

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Abodestory provides you with a guide to common home repair and cleaning costs responsibilities for tenants v. Property management.

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Abodestory provides you with a guide to common home repair and cleaning costs responsibilities for tenants v. Property management.

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REAL ESTATE TECHNOLOGY

Capital Square 1031 Acquires Newly Constructed, 2.69 Million-Square-Foot, State-of-the-Art Amazon Distribution Facility

Capital Square | February 16, 2022

Capital Square 1031, a leading sponsor of Delaware statutory trust (DST) offerings for Section 1031 exchange and other accredited investors, announced today the acquisition of a 2,690,000-square-foot distribution facility on a long-term absolute net lease to Amazon.com Inc. (NASDAQ: AMZN). The facility was acquired on behalf of CS1031 Zero Coupon Fulfillment Center, DST. This significant offering is designed for Section 1031 exchange investors who need additional debt because their replacement property has lower leverage than their relinquished property, Section 1031 requires equal or greater debt to qualify for 100% tax deferral, but leverage today is much lower than in the past, making high LTV offerings very desirable. In addition to exchangers, other owners of real estate want to invest in real estate like this that generates excess passive losses from a combination of depreciation, cost segregation and bonus depreciation to offset taxable income from other real estate investments. Due to the quality of the Amazon facility and financial strength of the tenant, this offering has both a compelling tax angle and exceptional economics for Capital Square's investors nationwide." Louis Rogers, founder and chief executive officer. Located at 500 32nd St. S.W., the 169.6-acre property is adjacent to U.S. Route 65 and Interstate 80 in Bondurant, Iowa, a premiere industrial submarket in Greater Des Moines. The four-story structure was completed in the fourth quarter of 2020. The building was designed by Amazon with the most recent technological advances and high-grade materials and can process nearly one million packages per day by implementing both robotics and human labor to maximize efficiencies.1,2 The property is leased on an absolute net basis and is guaranteed by Amazon, which enjoys an investment-grade credit rating of AA from by S&P.3 Structured to be highly tax efficient, this acquisition includes a dual loan system that shields investors from phantom income, The lease also enjoys unsurpassed creditworthiness from the full guaranty of Amazon and its investment-grade corporate credit." Whitson Huffman, chief strategy and investment officer. As of February 2022, Amazon ranked as the world's fifth largest company by market capitalization, and the fourth largest in the United States at nearly $1.52 trillion.4 It is the second largest firm in the Fortune 500. Amazon operates its retail sales and distribution activity through its Amazon Services business line, the sole tenant of the Bondurant, Iowa facility. As of December 2021, Amazon's domestic industrial network totaled more than 347.6 million square feet of active facilities, with more than 125.6 million square feet either planned or under development.5 Amazon Robotics sort fulfillment centers are the largest facilities in the Amazon logistical network. CS1031 Zero Coupon Fulfillment Center, DST seeks to raise $52.2 million in equity from accredited investors. Greater Des Moines has experienced a great deal of interest from developers and end users, with more than 630 acres purchased since 2019.6 The MSA is also attractive to technology companies. Des Moines enjoys a high ranking on the 2021 lists "Top Emerging North American Tech Market" by CBRE, "Most Resilient Tech Hub" by LinkedIn, and "Rising Star for Tech Jobs" by CompTIA. As a result, tech companies, such as Apple, Facebook and Microsoft have found the area to be a strategic and cost-effective location for data center operations. Capital Square acquired the property from Mesirow Realty Sale-Leaseback Inc. ("Mesirow"). Mesirow's Sale-Leaseback Capital team structured and financed the development of this property, starting prior to the commencement of construction. Mesirow's breadth of specialized expertise, depth of relationships and balance sheet strength has enabled the firm to execute more than $8 billion in single-tenant transactions while serving the long-term strategic needs of organizations such as Amazon. Since its founding in 2012, Capital Square has acquired 149 real estate assets for over 4,600 individual investors, spanning across 5,800 investments, seeking quality replacement properties that qualify for tax deferral under Section 1031 of the Internal Revenue Code and other investors seeking stable cash flow and capital appreciation. About Capital Square Capital Square is a national real estate firm specializing in tax-advantaged real estate investments, including Delaware statutory trusts for Section 1031 exchanges and qualified opportunity zone funds for tax deferral and exclusion. Since 2012, Capital Square has completed more than $4.9 billion in transaction volume. Capital Square's executive team has decades of experience in real estate investments. Its founder, Louis Rogers, has structured hundreds of investment offerings totaling in excess of $5 billion. Capital Square's related entities provide a range of services, including due diligence, acquisition, loan sourcing, property/asset management, and disposition, for a growing number of high net worth investors, private equity firms, family offices and institutional investors. Since 2017, Capital Square has been recognized by Inc. 5000 as one of the fastest growing companies in the nation for five consecutive years. Additionally, in 2021, the company was ranked 101st on the list of Inc. 5000 Washington D.C. Metro's Fastest-Growing Private Companies. In 2017, 2018 and 2020, the company was also ranked on Richmond BizSense's list of fastest growing companies. Capital Square was listed by Virginia Business on their "Best Places to Work in Virginia" report in 2019 and 2021 as well as on their "Fantastic 50" reports in 2019 and 2020.

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Real Estate Developer Passes Square Footage Milestone

prnewswire | October 05, 2020

Through a series of recent developments and acquisitions, Welcome Group, LLC, now has more than 5 million square feet of industrial space within the company's commercial real estate portfolio in Texas. The Houston, Texas-based real estate owner and developer's extensive growth aligns with the company's expansion goals. Welcome Group's robust portfolio consists of single-tenant commercial, distribution, lab, and manufacturing properties. The company is actively seeking more development, purchase and sale-leaseback opportunities to achieve the next goal of owning over 6 million square feet of industrial real estate space by the end of 2021.

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REAL ESTATE INVESTMENT

Village Partners Acquires Mixed-Use Multifamily Development Site in Montclair, California With Plans to Commence Construction

Village Partners | January 04, 2022

A joint venture between Village Partners Ventures, LLC ("Village Partners") of Newport Beach, California and The Bascom Group, LLC ("Bascom") of Irvine, California has closed on a construction loan and six acre land acquisition for a mixed-use project at 5050 Arrow Highway, Montclair, California. The sale and loan closed on December 28, 2021. JLL's capital markets team in Newport Beach, led by Mark Erland and Matt Benson, secured a $77 million construction loan from Citizens of Providence, Rhode Island for construction of the project. The land purchase price was $10 million. We are pleased to reach this milestone with Village at Montclair, a transformative project that will be a first in the area, a transit-oriented mixed-use development walkable to Montclair Place and transit." Village Partners principal Don Henry Designed by New Urbanist design firm Torti Gallas, Village at Montclair, a mixed-use infill redevelopment with 350-units, is a Type V mid-rise project with combination of structured and surface parking, designed as a walkable transit village with housing, ground floor retail, and public spaces including a Village Square and the Station Promenade. The project has a direct pedestrian connection to the Montclair Transit Station and future Metro Goldline. Village at Montclair is designed to celebrate the inviting Mediterranean climate and San Gabriel Mountain views of Montclair, with elements including a mixture of Spanish and Italian architecture, abundant public space, walkable streetscapes, landscaped courtyards, and a rooftop deck. Warm California Modern interiors by Mannigan Design thoughtfully complement the architecture. Project amenities include pool and spa, co-working suites, clubhouse, parcel lockers, and a state-of-the-art fitness facility. The project is located within the City's North Montclair Downtown Specific Plan. The plan covers 200 acres of land surrounding Village at Montclair and sets the standards for the creation of an urban, walkable district surrounding the TransCenter and future Goldline, with up to 2,500 new residential units and commercial space planned over the next decade. This District and the Project site are adjacent to the prestigious Claremont College consortium. Construction of Village at Montclair will commence in January 2022 by general contractor Johnstone Moyer Inc. About Village Partners: Village Partners is a full-service real estate development company focused on the development of distinctive in-fill mixed-use projects, including multifamily residential, retail and office. Village Partners principals have been involved in the development of approximately 3,000 urban multifamily residential units and 3 million square feet of commercial space with a combined value of over $1 billion in development costs. Its pipeline include other planned mixed-use projects in nearby Claremont and Redlands, California. About Bascom: Bascom is a private equity firm specializing in value-added multifamily, commercial, and non-performing loans and real estate related investments and operating companies. Bascom sources value-added and distressed properties including many through foreclosure, bankruptcy, or short sales and repositions them by adding extensive capital improvements, improving revenue, and reducing expenses by realizing operational efficiencies through implementation of institutional-quality property management. Bascom, founded by principals Jerry Fink, David Kim, and Derek Chen, is one of the most active and seasoned buyers and operators of apartment communities in the U.S. Since 1996, Bascom has completed over $20.4 billion in multifamily value-added transactions encompassing 347 multifamily properties and over 89,600 units. Bascom has ranked among the top 50 multifamily owners in the U.S. Bascom's subsidiaries and joint ventures include the Bascom Value Added Apartment Investors, Shubin Nadal Associates, Spirit Bascom Ventures, REDA Bascom Ventures, Bascom Northwest Ventures, Bascom Arizona Ventures, Harbor Associates, Village Partners Ventures, and the Realm Group. Bascom's subsidiaries also include Premier Workspaces, one of the largest privately held executive suite, coworking and shared workspace companies in the U.S.

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