prnewswire | October 08, 2020
Lucern Capital Partners ("LCP"), a real estate private equity firm based out of New Jersey, announces the launch of Lucern Philadelphia Value Fund I, L.P. ("LPVF I"), a real estate investment fund focused on multifamily and mixed-use investments in the Philadelphia MSA. LPVF I is targeting a minimum equity capital commitment of $25 million, with a targeted deployment of $75 million in asset value with leverage. The firm's principals have been active in the Philadelphia MSA for the last decade, completing a multitude of transactions, the most recent of which was the acquisition of Del Campo Apartments in late 2019.
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REAL ESTATE TECHNOLOGY
businesswire | December 08, 2020
Mack Real Estate Group (MREG) declared the dispatch of NEXT Property Management, another outsider property the executives administration offering zeroed in on giving the greatest administration administrations to proprietors of multifamily and office properties cross country. NEXT is important for the Mack Property Management L.P. specialty unit (MPM), which gives property the executives administrations to MREG's developing arrangement of land ventures.
“With the launch of NEXT Property Management, we mark the latest step in the larger process of rebranding, reorganizing, and expanding property management services within the context of the overall MREG platform,” said Richard Mack, CEO of MREG. “We believe that our extensive experience with property ownership will be valuable to other owners who choose NEXT for management services, and we look forward to expanding the NEXT portfolio in the coming years.”
NEXT Property Management is focused on sending key arrangements related to new innovation for property the executives to offer open doors for more noteworthy proficiency and better help. "We are expecting coherence of present day advances and best practices across both the NEXT outsider administration portfolio and the MPM claimed portfolio, as we reliably endeavor to be the best," said Jennifer Willstead, President of MPM.
Jeff Cruz has been selected Vice President of Business Development for NEXT and will be accused of developing the pipeline of outsider administration business. "Jeff has driven a fruitful profession in multi-family traversing more than twenty years and numerous business sectors, and was a characteristic decision to lead our development plan for NEXT," Ms. Willstead added.
MPM (counting NEXT) is settled in Phoenix, AZ. NEXT and MPM depend on the skill of veteran colleagues and a solid comprehension of market essentials and industry patterns toward accomplishing the objectives of expanding resource execution, improving worth, and conveying strong monetary outcomes. They use arising advances and administration driven applications to convey imaginative arrangements, and utilize a set-up of help administrations to improve proficiency.
Mack Property Management was formerly known as Winthrop Property Management. The rebranding was announced September 1, 2020. In October, Mack Property Management officially relocated its head offices to Phoenix and hired Robert J. Matthews as Senior Vice President of Finance and Accounting.
“We believe that centralizing our operations in the Phoenix area enables us to enhance our services for the NEXT and MPM portfolios, and to strategically position us for further expansion in both coastal and mid-country markets,” said Ms. Willstead. “Our team is excited for this new start out of our Phoenix office, which we expect to be our launching pad for significant growth. In addition to this new command center, we will continue to have resources in multiple markets to help align with operational needs and ensure proper support during core business hours, regardless of time zone.”
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BUYING/SELLING
SkySlope | June 23, 2022
We're thrilled to announce an expansion of our partnership with SkySlope, an innovator in real estate transaction management. SkySlope serves over 450,000 real estate professionals and now offers Updater as part of their transaction management software to further enhance client relationships before, during, and after each real estate transaction.
New features will be released this month, including:
All SkySlope broker and agent customers will automatically receive access to the Updater Pro platform at no cost.
All homebuyers and sellers in the SkySlope system will receive unlimited access to Updater, helping them move into and manage their new homes.
Property information and specific transaction details will sync automatically between SkySlope and Updater, providing each buyer and seller with a personalized and tailored move plan.
Broker and agent branding will be featured within the Updater experience before, during, and after the transaction and across communication channels – in-app, web, and email.
With more real estate transactions completed in a digital environment, it's critical to remember that the transaction shouldn't end at the closing table – the move is often the most stressful part. We're thrilled to deepen our relationship with SkySlope and jointly deliver on the promise of a frictionless and modern moving experience for all homeowners."
David Greenberg, Founder and CEO of Updater
While homeowners enjoy a simplified and automated moving experience using Updater's industry-leading technology, SkySlope's customers will build lasting client relationships thanks to Updater's co-branding and configuration capabilities. Once branding and preferences are configured, brokerages and agents remain front and center in the Updater experience as their clients organize and complete moving tasks.
"We build solutions to empower REALTORS® and are invested in their ongoing success," said Buck Avey, VP of Product at SkySlope. "Our collaboration with Updater is just one of the many ways we place the agent at the center of providing best-in-class experiences for their clients."
SkySlope manages nearly 3M transactions each year. The homebuyers and sellers associated with Skyslope-managed transactions will receive integrated access to Updater's technology, helping them seamlessly organize and complete tasks including:
Set up internet and television services
Compare and book both full-service and on-demand moving services
Set up utility services, including electricity, gas, and water
Set up smart home technology
Forward mail
Update addresses
And much more
"Updater is integrated with our transaction management system (SkySlope), so that there's no work needed by our sales executives," said Brenda Tushaus, CEO at RE/MAX Results, ranked as the 15th largest brokerage firm in the US by closed transaction sides in 2021. "Other than getting set up and adding branding, it just runs automatically – that's a huge time saver."
About SkySlope
Established in 2011, SkySlope is the customer experience platform managing real estate transactions from contract to close. Serving over 450,000 real estate professionals across the U.S. and Canada, SkySlope manages nearly 3 million transactions annually. SkySlope is on a mission to build solutions that reshape the real estate industry by creating the most powerful autonomous transaction platform.
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