Brennan Investment Group | May 19, 2020
Brennan Investment Group, a private real estate investment firm that acquires, develops, and operates industrial real estate facilities throughout the United States.
Under CRES, Brennan will help companies improve supply chain efficiency by purchasing surplus industrial real estate, providing customized build-to-suits.
CRES will undertake both single transactions and multi-property, multi-location portfolio acquisitions.
Brennan Investment Group, a private real estate investment firm that acquires, develops, and operates industrial real estate facilities throughout the United States has announced its corporate real estate initiative, under the Corporate Real Estate Solutions (CRES) brand. Under CRES, Brennan will help companies improve supply chain efficiency by purchasing surplus industrial real estate, providing customized build-to-suits, and entering into both long- and short-term sale leasebacks. With a nationwide portfolio of 44 million square feet and nine offices, Brennan's national platform is uniquely positioned to provide integrated industrial solutions for Corporate America.
Corporations, not investors, own the majority of our nation's industrial land and buildings. Further, more than at any time in history, supply chain designs are rapidly evolving with the goal of minimizing disruptions. Whether caused by port-of-call labor disputes, geopolitical uncertainties, or supply disruptions from pandemics, Corporate America has begun a supply chain reconfiguration process that will require a decade to complete. Brennan will offer its platform, its capital, and its expertise to rebuild the backbone of our nation's industrial infrastructure,
Michael Brennan, Chairman and Co-Founder of Brennan Investment Group.
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Beyond geopolitics or pandemics, advances in technology have also accelerated supply chain reconfigurations. "For years, the United States lost much of its manufacturing base to low cost labor countries," observed Brennan, "but technology, such as robotics, removed the comparative advantage of cheap labor, allowing companies to repatriate back to U.S. shores. The technology catalysts that drove e-commerce will do the same for the manufacturing sector."
Brennan's CRES initiative will continue to serve the traditional needs of corporations, including sale leasebacks. Through its single-tenant net lease division, Brennan has acquired over 20 million square feet of mission critical buildings. Robert Vanecko, Managing Principal and head of Brennan's single-tenant net lease division observed, "the desire to be 'asset light' is a key driver. This liberates new capital for our tenant and also increases the value of the tenant's operating business. The presence of private equity firms purchasing operating companies has accelerated the 'asset light' operating model."
Organized to provide customized solutions, CRES will undertake both single transactions and multi-property, multi-location portfolio acquisitions. The essence of CRES is quite simple: to help corporations. If that means purchasing a single surplus asset, we'll do it. If it's a build-to-suit, an expansion of an existing facility, a portfolio of assets, or any combination of that, we'll do it. We want to say 'yes' as often as we can,
Scott McKibben, Brennan's Chief Investment Officer and Managing Principal.
The criteria for the new CRES program is as follows:
• Size: $3 million up to $500 million
• Locations: Top 100 MSA's
• Property Types: distribution, manufacturing, light industrial, R and D
• Transaction Types: surplus assets, long- and short-term sale leasebacks, build-to-suits, expansions, single assets or portfolios
• Credit: investment grade or non-investment grade
"Our CRES program is well suited for this environment," commented McKibben. "Its broad reach can help both large and smaller corporations, in up to 100 MSA's, with an ability to undertake the simplest to the most complex transactions."
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About Brennan Investment Group
Brennan Investment Group, a Chicago-based private real estate investment firm, acquires, develops, and operates industrial properties in select major metropolitan markets throughout the United States. Since 2010, Brennan Investment Group has acquired over $4 billion in industrial real estate. The company's current portfolio spans 29 states and encompasses 44 million square feet.
REAL ESTATE TECHNOLOGY
businesswire | December 03, 2020
Stockbridge declared today that it has shaped a joint endeavor with the National Pension Service of Korea ("NPS") to gain center coordinations properties in the U.S. In association with Stockbridge's open-end center asset and an extra institutional financial specialist, this recently framed endeavor has resolved to get a 14.3-million square foot arrangement of Class A coordinations offices over the U.S.— the biggest exchange by estimation of modern properties since the beginning of the pandemic. Monetary terms of the exchange and the vender were not revealed.
The portfolio incorporates as of late finished and destined to-be-finished properties, with a critical portrayal of significant web based business inhabitants under long haul leases. With a normal year worked of 2020, the portfolio epitomizes the most recent advancement in innovation forward coordinations development, planned towards satisfying need for ever-quicker online business satisfaction and conveyance times.
“We are excited to acquire high-quality industrial properties that are well aligned with our strategy to capitalize on the paradigm shift to e-commerce,” said Scott Kim, Head of the Real Estate Investment Division at NPS. “This acquisition will be an excellent addition to our real estate portfolio. Additionally, our local presence in New York has allowed us to quickly underwrite the portfolio and manage partner relationships to successfully form this venture.”
“We see this acquisition as an exceptional way of tapping into the rapid acceleration of e-commerce growth—one of the most impactful investment themes post-COVID, and likely of the decade to come,” said Terry Fancher, Stockbridge Executive Managing Director. “The tremendous ongoing support of our venture partners has afforded us the opportunity to transact quickly and nimbly in order to access these kinds of rare opportunities at scale.”
“This is an extraordinary-quality core portfolio considering its modern construction, high-credit and e-commerce tenant base, and long-term leases,” added Nicole Stagnaro, Stockbridge Managing Director. “It’s difficult to find better cash-flow visibility across private equity real estate today, particularly in a period of broad market uncertainty.”
The exchange is Stockbridge's third huge scope portfolio procurement in the modern area in the previous 16 months. Other late buys remember a 8.7-million-square-foot portfolio for November 2019 and a 6.4-million-square-foot portfolio in August 2019. The firm has likewise been exceptionally dynamic in single-resource mechanical acquisitions all through 2020. Joined with the latest exchange, Stockbridge's developing mechanical impression is on target to outperform 55 million square feet.
REAL ESTATE INVESTMENT
Bandwidth Inc. | September 14, 2021
Bandwidth Inc., a leading global enterprise communications platform and cloud-native carrier, announced it is powering some of the most innovative digital disruptors in the red-hot U.S. housing market.
As the nationwide surge in the real estate market continues, buyers and sellers are increasingly adopting new digital tools to more quickly and conveniently get to the closing table. Bandwidth is the messaging and communications platform of choice for several innovative property technology, or PropTech, companies that are eliminating friction and improving the customer experience in the key steps of a real estate transaction, such as choosing a real estate agent, finding or renting a property, and showing or viewing a home.
"Buying or selling a home is the largest transaction most people make in their lifetime. That's why messaging and voice communications are mission-critical throughout the key steps of the process," said John Bell, Bandwidth's Chief Product Officer. "The Bandwidth platform enables PropTech SaaS companies to scale communications using our APIs without needing extensive knowledge of telecom industry regulations and requirements. By partnering with Bandwidth, SaaS companies can focus on what's most important—the customer experience."
Here are three examples of how Bandwidth customers are improving the real-estate experience:
Clever Real Estate is a platform that guides home buyers and sellers through the process of interviewing and choosing a real estate agent. Finding an agent through Clever is a free service that delivers reduced listing fees for sellers and cash back for buyers. Bandwidth provides voice and messaging services to enable Clever's services for consumers across a network of top real estate agents in the U.S.
Rently provides self-touring and smart access technology for single-family and multi-family homes nationwide. Each year, more than 20 million renters move to find their new rental property--and Rently's self-touring technology automates the renter check-in process so renters can instantly tour a vacant property, safely and securely, without an agent present. Bandwidth provides voice and messaging services to help Rently power more than 3,500 operators in the U.S. and 15 million renter self-tours to-date.
ShowingTime, recently acquired by Zillow, coordinates schedules behind the scenes so agents can seamlessly book a confirmed home showing online, streamlining a complicated process. In 2020, the company facilitated more than 50 million showings industry-wide. Bandwidth provides voice and messaging services to ShowingTime to enable sellers' and buyers' agents to schedule and confirm home tours online and also get 24/7/365 live help from appointment specialists.
About Bandwidth Inc.
Bandwidth is a global communications software company that helps enterprises connect people around the world with cloud-ready voice, messaging and emergency services. Companies like Cisco, Google, Microsoft, RingCentral, Uber and Zoom use Bandwidth's APIs to easily embed communications into software and applications. Bandwidth has more than 20 years in the technology space and is the first and only Communications Platform-as-a-Service (CPaaS) provider offering a robust selection of APIs built around our own global network. Our award-winning support teams help businesses around the world solve complex communications challenges every day.