Foreign Investment in U.S. Net-Lease Assets Up 78 Percent Annually in 2019

CBRE | September 04, 2019

Foreign Investment in U.S. Net-Lease Assets Up 78 Percent Annually in 2019
According to the latest research from CBRE, U.S. net-lease investment is outpacing the broader commercial real estate market in 2019, with increasing demand from both foreign and domestic investors for office and industrial assets. Net-lease investment comprising office, industrial and retail properties climbed 17.2% year-over-year in the first half of 2019 to $33.4 billion, with total commercial real estate volume growth at 13.4% over the same period.

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TORONTO, ONTARIO ‒ Canada’s commercial real estate industry should play a leading role with international efforts to establish shared and transparent standards for valuation practices around the globe according to a new white paper issued today by Altus Group. Presented at the RICS Summit of the Americas conference in Toronto, Valuing the Future: The Standardization Imperative argues that agreed upon international standards for valuation of real estate properties are necessary, given the increasing global nature of the commercial real estate sector. Such standards will enable a more efficient and transparent investment environment.

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Ontario Teachers’ Bond Gain Helped Offset Real Estate Losses

yahoo | August 26, 2020

Ontario Teachers’ Pension Plan said gains in its bond portfolio helped offset losses in infrastructure and real estate, allowing the fund to nearly break even in the first half of the year. The C$205 billion ($155 billion) pension fund lost 0.4% in the six months through June despite a stock market correction and economic upheaval sparked by the Covid-19 pandemic. “Some of our hardest hit investments were among our private assets. Heavily-impacted segments were leisure and travel, including our five airports, and assets where consumer spending declined, which is our shopping malls and Cadillac Fairview,” Jo Taylor, the chief executive officer, said in a conference call with journalists Tuesday.

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REAL ESTATE TECHNOLOGY

Leading Commercial Real Estate Financing Platform Online Lev Secures $30 Million in Series A Funding

Anurag Khadkikar | July 29, 2021

Lev, the leading online commercial real estate finance transaction platform, announced a $30 million Series A investment led by Greenspring, with participation from First American Financial. In addition, existing investors such as NFX, Canaan Partners, JLL Spark, Animo Ventures, and Ludlow Ventures participated in the round. The amount raised is one of the largest in the commercial real estate (CRE) financing space to date, and it will help Lev's mission of assisting CRE investors in obtaining the best financing for their properties by combining the collective knowledge of Lev's expert team with hundreds of millions of data points. The funds raised will be utilized mainly to expand Lev's team, both at their New York City headquarters, Miami R&D center, and Los Angeles outpost, as well as via remote positions. In addition, continued investments in product development and service expansion will be made. Lev closed about $100 million in loans in its first year of operations in 2020 and is expected to close more than $1 billion in 2021. Lev is a full-stack transaction platform for the commercial real estate investment lifecycle, from analysis, financing, and closing through monitoring, servicing, and, when the time comes, disposition. Lev products are developed in-house by a team of experts that combine their knowledge of capital markets with cutting-edge technology, processing a huge amount of loan data through custom machine-learning software to manage even the most complicated transactions. Lev products are developed in-house by a team of experts that combine their knowledge of capital markets with cutting-edge technology, processing a huge amount of loan data through custom machine-learning software to manage even the most complicated transactions. ABOUT LEV Lev assists commercial real estate owners and investors in obtaining the best financing possible for their properties. Lev's capital markets experts use machine learning technologies to analyze your portfolio better, find the appropriate lender for each transaction, and close deals fast while keeping clients informed at all times. Lev, founded in 2019 and based in New York City's SoHo area, transacts across all asset types throughout the country.

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REAL ESTATE INVESTMENT

Jetty Partners with Gables Residential

Gables Residential | September 18, 2021

Jetty, the financial services company on a mission to make renting a home more affordable and flexible, today announced a new partnership with Gables Residential, a leader in the management and development of multifamily apartment communities. Through the partnership, Gables will roll out Jetty's security deposit replacement solution, Jetty Deposit, across the entire Gables portfolio. The rollout follows a rigorous selection process by Gables, which started with a competitive evaluation before transitioning to a pilot program across Gables-owned assets. Following a successful pilot, Gables will now make Jetty Deposit available across all owned and third-party managed communities. The implementation of Jetty will enable Gables to maximize protection relative to security deposits for all new leases while at the same time dramatically lowering move-in costs for new residents. With so much uncertainty facing renters today, using hard-earned savings on a cash deposit simply doesn't make sense, Jetty Deposit offers renters the opportunity to keep more cash in their pocket while making it possible for us to improve NOI. Through the pilot program, we saw a meaningful uptick in lease conversions while significantly increasing our levels of protection. - Greg Gasior, Senior Vice President of Operations at Gables. 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 Gables Residential, partners include Greystar, LivCor, Related, MG Properties, Cortland, Griffis Residential, and many more, representing more than two million units nationwide. About Gables Residential Gables Residential is an award-winning, vertically integrated, real estate company and privately held REIT specializing in the development, construction, ownership, acquisition, financing, and management of multifamily and mixed-use communities. Gables Residential owns, develops, and manages communities in high-growth U.S. markets such as Atlanta, Austin, Boston, Dallas, Denver, Houston, South Florida, Southern California and metropolitan Washington, D.C. Gables also provides third party management services in the New York, Baltimore, Frederick, Tampa, Phoenix, Seattle, Charlotte, Central and North Florida markets.Gables manages approximately 28,000 apartment homes and approximately 275,000 square feet of retail space and has received national recognition for excellence in development, construction, management, sales, marketing, training, and benefits. These achievements reflect the impact of Gables' experienced and dedicated team members, its superior knowledge of the markets served, and its expertise in development and management. ABOUT JETTY Jetty is the financial services platform on a mission to make renting a home more affordable and flexible. Jetty's integrated suite of products helps property managers increase lease conversions, improve resident retention, reduce bad debt, and boost NOI. For renters, Jetty decreases the financial burden of moving into a new home and offers greater flexibility with how and when to pay rent.

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Spotlight

TORONTO, ONTARIO ‒ Canada’s commercial real estate industry should play a leading role with international efforts to establish shared and transparent standards for valuation practices around the globe according to a new white paper issued today by Altus Group. Presented at the RICS Summit of the Americas conference in Toronto, Valuing the Future: The Standardization Imperative argues that agreed upon international standards for valuation of real estate properties are necessary, given the increasing global nature of the commercial real estate sector. Such standards will enable a more efficient and transparent investment environment.