Forum Equity Partners announces new real estate activities

prnewswire | September 22, 2020

Forum Equity Partners announces new real estate activities
Forum Equity Partners ("Forum") is excited to announce that Aly Damji joined the company as a Partner in May 2020, to grow and to lead Forum's real estate business. Forum is a developer, private capital investor and alternative asset manager with a focus on real estate and private equity. Forum began its principal investment business in 2002 and oversees approx. $1.3B CAD in AUM. Forum has been active in several large-scale projects including a multi-phase student housing project at York University, a rental housing project on the CAMH lands in Downtown Toronto and the Toronto City Airport Pedestrian Tunnel.

Spotlight

Total nonfarm payroll employment increased by 173,000 in August with the national unemployment rate last calculated at 5.1 percent overall. According to the Bureau of Labor Statistics, job gains primarily occurred in health care, social assistance and fi nancial activities.

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MARKET OUTLOOK

Centennial Property Group Announces A$ 100 million Senior Secured Loan Note Program Offering

prnewswire | November 09, 2020

This archive is arranged and given by CPG Financial Services Pty Ltd ACN 162 617 843; AFSL No. 436802 ("CPGFS"). Issues of Loan Notes will be made under a game plan between the backer of the Loan Notes, Centennial LN Pty Limited (ACN 645 494 177) ("the Issuer"), and CPGFS for the reasons for area 911A(2)(b) of the Corporations Act (Australia). The Issuer declared today that it means to offer, subject to advertise and different conditions, an AUD$100 million total head senior made sure about advance note (Program) in a private situation. CPGFS, for the benefit of the Issuer, looks for articulations of premium from people who are qualified to gain Loan Notes (see "Qualification" underneath) and whose conventional business incorporates the purchasing and selling of or putting resources into obligation interests of a sort like the Loan Notes to partake in the Program. CPGFS may, every once in a while, make recommendations to those Investors who have communicated a premium in partaking in the Program for the issuance of Loan Notes. The Issuer will contribute the returns of calls to be made under the Loan Notes in contract made sure about land advances to Australian property speculators and engineers. Key Features of the Program An outline of certain critical highlights of the Program is set out underneath. This record doesn't indicate to be finished and is qualified completely by, and Investors should peruse the entire of, the private Information Memorandum, the applicable Supplementary Information Memorandum, the Loan Note Subscription Deed and the other Transaction Documents of the significant Series of Loan Notes to settle on an educated choice about whether to put resources into any Loan Notes. About Centennial Property Group The Issuer is managed by CPG Lending Pty Ltd, a wholly owned subsidiary of Centennial Property Group ("CPG"). CPG was established in 2012 as a private family office style property investment group specialising in actively managed property investments, developments and property-backed lending. Since that time it has undertaken transactions with a total value of $1.6 billion and has provided consistently compelling risk adjusted returns to its investors. However, potential investors should note that past performance is not a reliable indicator of future performance and should not be relied upon in making a decision to invest in Loan Notes. The underlying loan portfolio will comprise loans for property investments and projects with similar characteristics to the property projects in which CPG has invested its Centennial Mortgage Opportunities Fund. The loans will typically be on less conservative lending terms than those offered by banks (constrained by Basel III and regulatory requirements) and thereby achieve an enhanced return for the Investors.

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REAL ESTATE TECHNOLOGY

UCASU announces the appointment of leadership and $1 million in initial capital for SHOC investment based on Airbnb

prnewswire | December 29, 2020

UC Asset, an Atlanta-based worldwide land investment firm, reported the organization has invested introductory capital of roughly $1 million into SHOC Holdings LLC, and named Greg Bankston, who right now serves as an overseeing individual from UCASU's overall accomplice, as CEO of SHOC. The organization believes Bankston's twenty-year land foundation and information on the city's history make him the ideal applicant. SHOC, a completely possessed investee of UCASU, will obtain and create properties under UCASU's Airbnb-based imaginative property investment strategy. The new strategy will focus on home office innovation for voyaging professionals. SHOC aims to profit by another industrial pattern, i.e., the switch of business travelers from customary business lodging to shared convenience by means of platforms such as Airnbnb and Vrbo. UCASU's administration projects a $60 billion market in the coming years for this new pattern. "It is a revolution happening across the board," shares Larry Wu, founding partner of UC Asset, "Just like conventional taxi businesses are being taken over by shared-ride companies like Uber and Lyft, we believe conventional hotels will be taken over by technology driven shared-accommodation spaces." Shared convenience properties have pulled in investors in the past year, yet Wu claims there are no institutional investors who specialize in shared convenience properties furnished with home-office facilities, which will be almost exclusively promoted to business travelers. "Shared accommodations have replaced a fair share of vocational resorts. But conventional hotels who serve business travelers have held their grounds," explains Wu. "Before COVID-19, conventional hotels in central business districts or around airport hubs were still doing extremely well. Occupancy rate of these hotels stayed about 80% even 90% in major metros like Atlanta." Yet, COVID-19 has assisted a transition in work habits and numerous individuals will forever spend additional time in home office spaces. This pattern, as per the UCASU, will incite travelers to choose home-office style shared-accommodations over customary hotels. As of late, UCASU held a top-level research firm to lead market survey, and the results seemingly affirmed UCASU's conviction that business travelers will use more shared-accommodations, if those share-accommodations are furnished with home office facilities. UCASU claims that its supervisory crew is "past energized" at this first round of research information. "While we will retain our other investments, we are very committed to this new investment strategy because of its brilliant prospect," says Wu. "The initial $1 million will allow us to test this new strategy on a practical scale. Meanwhile we will explore all options to expand on this new strategy. Our goal is to form a $10 million portfolio of shared home office properties over the next 12 months." UCASU, through its other investees, has made successful investments into home renovations. It believes the new strategy, brand-named SHOC (Share-Home Office Community) will add cash pay to benefit from house redesign, and possibly improve the complete ROI to a level astoundingly higher than market normal. About UC Asset: UC Asset LP is a limited partnership formed for the purpose of investing in real estate for development and redevelopment, concentrating in metropolitan areas of Atlanta, GA and Dallas, TX. For more information about UC Asset.

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Redfin Expands Real Estate Brokerage and Search Site to Anchorage

Redfin | June 25, 2020

Redfin the tech-powered real estate brokerage, launched today in Anchorage, the company's first market in Alaska. People throughout the Southcentral Alaska region can now buy and sell homes with Redfin's full-service agents and use Redfin's industry-leading website and iOS and Android app to search for homes for sale. Homebuyers can receive instant updates on their phones the moment a new home hits the market and book a home tour with a Redfin agent with the click of a button.

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Spotlight

Total nonfarm payroll employment increased by 173,000 in August with the national unemployment rate last calculated at 5.1 percent overall. According to the Bureau of Labor Statistics, job gains primarily occurred in health care, social assistance and fi nancial activities.