GLL Real Estate Partners Buys Mid-Atlantic Industrial Parcel

Globest | April 08, 2020

GLEN BURNIE, MD—Chesapeake Real Estate Group and EverWest Real Estate Investors on behalf of a separate account client, have sold Brandon Woods III, a two-building business community comprising 840,000 square feet of industrial/warehouse space and two land parcels with the potential for another 250,000 square feet of development. The assets, located at 7550 Perryman Ct and 7659 Solley Rd, are within Brandon Woods III, a 259-acre business community near Fort Smallwood Road in Anne Arundel County, Maryland.

Spotlight

REALECOIN™ is a tokenized real estate investment fund. The Fund seeks to acquire income-producing, institutional-quality multi-family housing units that need redevelopment or renovation. The Fund will improve the properties, refinance the equity, and deploy the cash into additional properties. The Fund plans to buy properties primarily in New York City. Research from Freddie Mac’s shows that its Apartment Investment Market Index (AIMI) has increased significantly since 2000.

Spotlight

REALECOIN™ is a tokenized real estate investment fund. The Fund seeks to acquire income-producing, institutional-quality multi-family housing units that need redevelopment or renovation. The Fund will improve the properties, refinance the equity, and deploy the cash into additional properties. The Fund plans to buy properties primarily in New York City. Research from Freddie Mac’s shows that its Apartment Investment Market Index (AIMI) has increased significantly since 2000.

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Capital Square 1031 Acquires 55+ Manufactured Housing Community Near Vero Beach, Florida

Capital Square 1031 | February 10, 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 55+ manufactured housing community in Sebastian, Florida. The community was acquired on behalf of CS1031 Palm Lake Club MHC, DST. This is Capital Square's 10th acquisition of an age-restricted (55+) manufactured housing community in Florida for the 1031/DST program, MHC properties in Florida are among the most desirable assets in the nation due to their scarcity, stability and growth potential. Also, MHC assets solve a need for residents as an affordable housing option, providing most benefits of a single-family home with the low cost of multifamily housing. For these reasons, Capital Square's 1031 exchange investors are flocking to MHC investments for stable income and appreciation." Louis Rogers, founder and chief executive officer of Capital Square. Situated at 39 Treasure Circle in the rapidly growing Indian River County, Palm Lake Club is a 97.6% occupied community with 126 homesites. The property's proximity to U.S. Highway 1 and Interstate 95 connects it to Vero Beach and offers additional access to Port St. Lucie, West Palm Beach and Boca Raton. Palm Lake Club is close to parks, shopping, golf courses and wildlife preserves. Onsite amenities include a heated pool, clubhouse, library, recreational facilities, a shuffleboard court and a seven-acre lake surrounded by resident homes. CS1031 Palm Lake Club MHC, DST seeks to raise $24.3 million in equity from accredited investors. Palm Lake Club is a well-positioned asset that offers investors significant upside potential through a value-add execution due to minimal rent escalations over the past 10 years combined with room for strategic improvements, Capital Square intends to make investments into the community that will include upgrades to the clubhouse, landscaping, outdoor lighting, roadways and other amenities that will further enhance the value of the property to residents and investors alike." Whitson Huffman, chief strategy and investment officer with Capital Square. Since its founding in 2012, Capital Square has acquired 148 real estate assets for over 3,800 investors 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 TECHNOLOGY

Carrier to Acquire BrokerBay Inc., a Leading Digital Real Estate Solutions Provider

Carrier Global Corporation | September 17, 2021

Carrier Global Corporation the leading global provider of healthy, safe, sustainable and intelligent building and cold chain solutions, has signed an agreement to acquire BrokerBay Inc., a pioneer in the development of an advanced, streamlined and user-friendly real estate management cloud ecosystem. The software's ability to reduce a brokerage's administrative workload, streamline the real estate scheduling and showing experience, as well as standardize electronic lockbox access, will strengthen Carrier's leading access solutions offering within its Fire & Security business. Supra, part of Fire & Security's Access Solutions business, has been serving the real estate industry for over 60 years, with key mobile credentialing technology deployed across an installed base of 4 million locking devices in multiple industries. Supra is a market leader in supporting real estate showings and enabled 45 million property showings in 2020. Following closing, which is expected in October, BrokerBay and Supra will provide a one-stop shop for realtors that combines scheduling and mobile lockbox access in an intuitive, user-friendly showing experience to empower agents, reduce workload and provide actionable analytics. With increasingly high volumes in real estate showings, there is a need for agents to act with speed and efficiency, This acquisition will further ensure they have the best solutions available to succeed. - Jeffrey Stanek, Managing Director, Global Access Solutions, Carrier Fire & Security. We're excited to join Carrier as we share a strong commitment to the real estate community, BrokerBay will continue delivering best-in-class solutions and integrations to all real estate agents, including Supra customers. We also look forward to joining forces in revolutionizing digital services that exceed our customers' expectations. - Costa Ntoukas, CEO, BrokerBay. The acquisition aligns with Carrier's stated business development approach of strategic acquisitions in digital and aftermarket that will drive recurring revenue for the company. The terms of the transaction were not disclosed. About Carrier As the leading global provider of healthy, safe, sustainable and intelligent building and cold chain solutions, Carrier Global Corporation is committed to making the world safer, sustainable and more comfortable for generations to come. From the beginning, we've led in inventing new technologies and entirely new industries. Today, we continue to lead because we have a world-class, diverse workforce that puts the customer at the center of everything we do.

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REAL ESTATE TECHNOLOGY

CRED iQ Launches Commercial Real Estate Comps Software

CRED iQ | September 24, 2021

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