REAL ESTATE TECHNOLOGY
AllianceBernstein | March 11, 2021
AllianceBernstein L.P. ("Stomach muscle") (NYSE: AB), has effectively finished the principal shutting of its fourth US Commercial Real Estate Debt reserve ("CRED IV"). This elective asset has so far got almost $900mm in capital responsibilities. Fair will fill in as a lead financial backer, proceeding with the solid association among AB and Equitable as AB grows its options stage.
CRED IV is a continuation of the temporary land loaning methodology effectively carried out by past AB CRED reserves. CRED IV will straightforwardly start gliding rate first home loan entire credits got by top notch, momentary US business land. Those credits are hung on an unleveraged premise.
The foundation of CRED reserves has begun more than 100 advances and brought almost $7bn up in capital responsibilities from institutional financial backers worldwide since the dispatch of the technique in 2013.
The fruitful first close of CRED IV is further exhibition of AB's capacity to raise huge capital for its quickly developing private choices stage, in spite of the difficulties presented by COVID-19. The nearby follows rapidly on AB's declaration in Q4 of a year ago of the dispatch of its new European Commercial Real Estate Debt ("ECRED") stage. ECRED, drove by industry veteran Clark Coffee, dispatched with almost €1.5bn in capital, making it one of the biggest land dispatches in Europe as of late. The ECRED stage hopes to declare its first credit beginning since joining AB in the coming weeks.
REAL ESTATE TECHNOLOGY
IBM TRIRIGA | September 28, 2021
Kontakt.io, a global leader in Bluetooth™ powered IoT solutions, announced an integration with IBM's AI-powered workplace management systems to deliver near real-time occupancy solutions that help address the challenges of today's workspaces, driving better realty planning, improved employee experience and enabling resilient, flexible workplaces.
The integration of Kontakt.io- with IBM TRIRIGA is expected to deliver AI-powered utilization insights across portfolios, near-real time occupancy monitoring and space management tools supporting existing IoT infrastructure already used in many offices, for example Cisco's Catalyst and Meraki access points.
Facility operators face mounting pressures to increase realty utilization and cut costs in a world of uncertainty and new workplace flexibility are creating the need for new technologies in the workspace - a need this collaboration between IBM TRIRIGA and Kontakt.io plans to address. New requirements around workplace health and building carbon footprint reduction are just some of the challenges indoor IoT solutions are here to help solve.
- Mr. Rom Eizenberg, CRO at Kontakt.io
IBM TRIRIGA Building Insights delivers AI-powered utilization insights by leveraging IoT data and TRIRIGA Space Management plans. Enterprises can collect and connect data from multiple IoT technologies including Kontakt.io's Bluetooth® Low Energy (BLE) room sensor and smart employee cards. Kontakt.io's nine-in-one Portal Beam room sensor for example, allows for LIVE space occupancy monitoring, at chair, desk, room and floor level, while at the same time supporting mobile phone indoor navigation, and monitoring of light, air quality, temperature, humidity, carbon monoxide and other environmental data. Kontakt.io also anonymizes data and uses thermal sensing for occupancy monitoring - without capturing or storing employee images to help address privacy.
Through this collaboration, IBM expects to be able to expand on current plug-and-play indoor IoT solutions available to TRIRIGA customers, advancing the vision of Smart Buildings and the connected versatile work environment. Adding near real-time, room-level location occupancy and environment monitoring capabilities is a demand that frequently comes from the field.
About IBM TRIRIGA
IBM TRIRIGA® is an intelligent real estate and facilities management solution. Through the smart application of data, IoT and AI, TRIRIGA can help customers unlock key information and insights, and gain greater visibility into space and facility utilization, occupant experience, capital projects, and lease administration and accounting. With TRIRIGA, customers can get the most out of their real estate investments regardless of size, scale and configuration.
Kontakt.io Inc. is the global leader in Bluetooth™ powered IoT solutions supporting more than a thousand partners and over 22,000 end-users with products and solutions that connect people, locations and things. Their cloud services and managed IoT device solutions help enterprises eliminate inefficiencies, improve productivity and increase workplace safety. Kontakt.io delivers solution components and complete, turn-key, cloud-managed solutions that enable customers to quantify buildings and better understand how people, things, workspaces and the environment interact. From healthcare to smart buildings, they manage millions of BLE IoT devices deployed in buildings across the globe.
REAL ESTATE INVESTMENT
Knock | August 20, 2021
Knock, the fast-growing real estate technology company that is bringing convenience, certainty and cost savings to the process of buying and selling homes, today announced that it is building on its existing presence in Arizona, Florida, Minnesota, Tennessee and Texas to bring the Knock Home Swap to homeowners in nine additional markets. With the Home Swap, a consumer is able to make a strong non-contingent offer that empowers them to buy and move into their new home before they list, alleviating the need to time a sale with a purchase, moving twice and living through repairs and open houses.
With today's announcement, the Knock Home Swap is available in 59 markets coast-to-coast. The expansion into Prescott and Yuma, Ariz., The Villages in Florida, Duluth, Rochester and St. Cloud, Minn., Knoxville and Memphis, Tenn. and Sherman-Denison, Texas, builds on the company's established presence throughout Arizona, Florida, Minnesota, Tennessee and Texas.
"With the Knock Home Swap, homeowners can unlock the equity in their old house so they can buy their dream home and then repair and list their old house on their timeline for the maximum sale price," said Knock Co-Founder and CEO Sean Black. "Based on our rapid growth, it's clear that homeowners across the country are looking for a more digital, streamlined real estate experience that includes the expertise of a real estate professional. We are excited to bring the Home Swap and the certainty, convenience and cost-savings it provides to more homeowners."
The Knock Home Swap offers homeowners an end-to-end digital solution that includes a competitively priced mortgage and an interest-free bridge loan, which covers the down payment on the new home, home prep and up to six months of mortgage payments on the old house. A homeowner can qualify for the Knock Home Swap from their mobile device and then confidently shop for the home they want with their own agent by their side and in the app. In addition, they have the advantage of waiting until they have moved into their new home to prep and list their old house on the open market, so there's no living through repairs and showings or selling for less than full value.
As part of its Home Prep Concierge, Knock provides access to its contractor network and manages the payment of client-approved work until closing. Additionally, Knock provides a backup offer on the old house in the unlikely event that it doesn't sell within six months. Ninety-nine percent of Knock homes sell in 90 days or less, with 83 percent selling in 30 days or less.
For Meisha Cleland, who recently used the Knock Home Swap to purchase her new home in Prescott Valley, Ariz., before listing her house in Mesa, the Home Swap eliminated the need to move twice. "In the past when I've bought and sold a home, I've needed the money from the sale of my house for the down payment on my new home. It has meant having to sell my house and find temporary housing while looking for a new home. The Home Swap eliminated a step in the process, and it allowed me to be a more competitive buyer," Cleland said.
Nationwide, the Knock Home Swap is available through 245 real estate brokerage firms with 100,000 agents in approximately 4,700 ZIP codes throughout Arizona, Southern California, Colorado, Florida, Georgia, Illinois, Minnesota, North Carolina, South Carolina, Tennessee and Texas. Knock plans to offer the Home Swap in over 100 markets by 2023.
Knock is on a mission to empower people to move freely. The Knock Home Swap™ makes it easy for consumers to buy their new dream home before selling their old one, skipping the hassles of living through repairs and showings, paying only one mortgage at a time, and having home prep covered upfront, so their old house sells for the highest possible price. Knock currently offers the Home Swap in 59 markets and plans to be in over 100 markets by 2023.