Homeowners with debt are willing to go into more debt to renovate their home

Freedom Debt Relief | August 14, 2019

Nearly two-thirds of homeowners who have $10,000 or more of unsecured debt say they are planning on doing renovations to their home in the next five years, according to a survey from Freedom Debt Relief. The report, which is based an online survey of 1,028 homeowners with at least $10,000 in unsecured debt in the U.S., shows that approximately 69% of homeowners with $10,000 in debt plant to take on a renovation project in the next few years.

Spotlight

If you’re looking for innovative ways to grow your real estate business in 2018, incorporating text messaging into your lead management system just might be your answer. Making it a practice to continuously research the most up-to-date demographic and consumer trends in the U.S. will help you grow your real estate business at a faster rate. In your research, you should find that the majority of millennials, the largest group of homebuyers today, have a strong preference for communicating via text message over speaking on the phone.

Spotlight

If you’re looking for innovative ways to grow your real estate business in 2018, incorporating text messaging into your lead management system just might be your answer. Making it a practice to continuously research the most up-to-date demographic and consumer trends in the U.S. will help you grow your real estate business at a faster rate. In your research, you should find that the majority of millennials, the largest group of homebuyers today, have a strong preference for communicating via text message over speaking on the phone.

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MARKET OUTLOOK

SkySlope Forms now a subscriber benefit to Oregon Real Estate Forms customers

SkySlope | September 29, 2021

SkySlope, the leader in real estate transaction and brokerage software, has launched its premier forms product, SkySlope Forms, as a subscriber benefit to Oregon Real Estate Forms (OREF) 18,000 customers. SkySlope's suite of products enables real estate professionals to centralize their work while remaining compliant. As the transaction management platform that serves half of the top 20 largest brokerages in the nation, SkySlope is known for its 24/7 award-winning technical support and customized onboarding and training from a knowledgeable customer success team both of which are now available to OREF subscribers as part of their member benefit. SkySlope Forms uses state-of-the-art technology to create a seamless user experience by giving agents a streamlined and efficient way to execute OREF standard forms. OREF subscribers do not need to be current SkySlope users to access SkySlope Forms. They are now able to simply create an account, provide their credentials, and access the complete OREF library to create files, prepare forms, and send for signature. Agents who currently use SkySlope's transaction management platform will also experience a frictionless transition between their forms and SkySlopes transaction management tools. SkySlope Forms for OREF subscribers includes: Data synced from the MLS to OREF Standard Forms Quick-entry fields for easy form preparation Auto-updated data across all forms and templates Free and unlimited signatures with SkySlope DigiSign Seamless integration with SkySlope transactions for brokerages that use SkySlope transaction management Unlike other forms products on the market, SkySlope Forms is user-friendly and requires less repetitive data-entry. We are excited to work with OREF and provide this solution to our agents in Oregon. - Buck Avey, VP of Product at SkySlope We are excited to offer SkySlope Forms to OREF customers. SkySlope provides a valuable resource for OREF customers to get the most out of their form libraries and elevate the transaction process across the state. The SkySlope customer service continually exceeds our expectations and assures us OREF customers are receiving the best care and attention. - Nicole Richman, OREF CEO. SkySlope Forms is currently available in select states in the U.S. and Canada and will continue launching in additional regions throughout 2021. About SkySlope Established in 2011, SkySlope is a comprehensive transaction management platform for brokers, agents, auditors, and transaction coordinators to manage real estate transactions from anywhere at any time. In 2020, over 256,000 users across 8,000 offices used SkySlope to manage 2.25M transactions. SkySlope provides digital transaction management and services to help agents and brokers be more efficient and compliant. From automation to integrations, SkySlope's vision is to keep agents and brokers connected to the customer forever. About OREF Oregon Real Estate Forms, LLC (OREF) prepares and licenses high-quality real estate transaction and advisory forms created by legal and industry professionals. OREF is owned by the Eugene Association of Realtors® and the Portland Metropolitan Association of Realtors®. The company is professionally managed by a staff of six in concert with a Board of Managers and a Forms Committee who are Realtors® appointed by each Association owner.

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BROKERAGE

Patria Investments and Moneda Combine to Create Leading Private Equity, Infrastructure, Credit investment Platform in Latin America

Patria Investments Limited | September 06, 2021

Patria Investments , a global alternative asset manager, announced today that it will combine with Moneda Asset Management ("Moneda"), a leading asset manager headquartered in Chile. When completed, the transaction will create an unrivaled investment platform in Latin America, with $25.9 billion in assets under management and a leader in Private Equity, Infrastructure and Credit investments in the region. The combination will enhance Patria's product offering by adding the largest credit investment platform in Latin America. It will also create the number one Private Investments in Public Equities (PIPE) manager in the region. The combination of the two operations will add geographical exposure within Latin America through client base and product offering and will open the opportunity for cross selling, leveraging a complementary investor base. With more than US$ 10 billion in assets under management across credit and public equities, Moneda is a leading investment firm in Latin America, with more than 25 years of history and a track record of top quartile performance, profitability and growth. Moneda also has a robust bottom-up investment strategy that drives alpha generation. "Our leadership team is thrilled that both companies are coming together. We are quickly delivering on the expansion strategy that we presented during our initial public offering earlier this year," said Alexandre Saigh, Patria's CEO. "The transaction will be accretive to earnings per share within the first year." The combined platform will manage over US$ 9.7 billion in Private Equity, US$ 5.5 billion in Credit (including US$650 million exposure to Private Credit), US$ 5.1 billion in Infrastructure, US$ 2.0 billion in Advisory & Distribution, US$ 3.0 billion in PIPE and Public Equities and US$ 500 million in Real Estate investments, in most cases with top quartile returns. "Complementary is the word that defines this transaction," said Olimpio Matarazzo, senior managing partner and chairman of the board at Patria. "The product offerings and the geographical and currency exposures are a perfect fit. Patria is a leader in Private Equity and Infrastructure investments in Latin America, and Moneda is the top credit investor in the region. In addition, both companies have a similar culture, based on partnership and exceptional client service." "This combination will leverage Moneda's outstanding track record and deal sourcing capabilities to lead the development of private credit in Latin America with unique local expertise while also continuing to develop our strategic investments in public equities in the region," said Pablo Echeverría, Moneda's chairman. "With Patria, we will have the opportunity to expand our cross selling of products, leveraging a complementary investor base," said Alfonso Duval, Moneda's CEO. "It is worth noting that both companies are partnerships led by like-minded, entrepreneurial teams. There's been a strong cultural alignment among the teams since the onset," said Mr. Duval. Under the agreement, Moneda partners will receive an upfront consideration of US$ 315 million, in a combination of US$ 128 million in cash and US$ 187 million in PAX Class B common stock. There will be an additional consideration payable in years two and three after closing, subject to certain retention metrics for Moneda's partners, and a potential earnout payable after 2023, in a combination of cash and PAX Class A common stock, subject to the achievement of certain revenue and profitability targets. In connection with the transaction, Patria retained JP Morgan Chase & Co, as financial advisor, Simpson Thacher & Barlett LLP, as transaction counsel, and Carey Abogados, as Chilean counsel. Moneda retained Servicios Financieros Altis S.A., as financial advisor, Skadden, Arps, Slate, Meagher & Flom LLP, as transaction counsel, and Barros & Errazuriz Abogados, as Chilean counsel. About Patria Investments With more than 30 years of experience in successful investments in Latin America and offering products in the areas of Private Equity, Infrastructure, Real Estate and Credit, Patria is one of the leading investment companies in private markets in Latin America in terms of capital raised, and one of the largest managers focused on investments in Latin America. With a solid presence in the market, it seeks to provide investors with attractive investment products that allow a diversified portfolio and consistent returns. With $15.8 billion of assets under management and a portfolio of more than 55 companies and assets, Patria has ten offices in the world's major financial centers.

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REAL ESTATE INVESTMENT

JLL Income Property Trust Acquires Duke Medical Plaza

JLL | February 07, 2022

JLL Income Property Trust, an institutionally managed daily NAV REIT (NASDAQ: ZIPTAX; ZIPTMX; ZIPIAX; ZIPIMX) with more than $5.9 billion in portfolio assets today announced the acquisition of Duke Medical Plaza, a nearly 60,000-square-foot, world-class, medical office building in Durham, North Carolina. The purchase price was approximately $37 million. Occupying more than 86 percent of the property, Duke University Health System, an affiliate of Duke University, is the anchor tenant of the four-story property. The health system recently agreed to a lease extension and expansion that will increase the property's occupancy to 96 percent with a weighted average lease term of more than nine years. Duke Health, the umbrella organization for the broad activities of the Duke University healthcare affiliates that occupy the property, is the state's dominant academic healthcare provider, with 31 percent of local market share, and is ranked as the best hospital in North Carolina. We're thrilled to add Duke Medical Plaza to our growing healthcare portfolio, as we continue to make healthcare-focused properties our priority focus within the office sector, This well-located property, occupied by a world class tenant, fits squarely into our strategy of acquiring medical office buildings with these traits. This acquisition further diversifies our portfolio across our targeted property sectors that align with our Research & Strategy team's recommended overweights." JLL Income Property Trust President and CEO Allan Swaringen. Constructed in 2010, Duke Medical Plaza is strategically located at the intersection of Interstate 40 and US 15-501 in the sought-after Research Triangle submarket, making it a close drive to large health systems including Duke Health and UNC Health in both Chapel Hill and Durham, respectively. This location provides easy access for patients and access to a highly educated workforce. Additionally, the property is in the middle of a large mixed-use center that includes a hotel and three forthcoming apartment communities. This acquisition increases JLL Income Property Trust's healthcare allocation to 15 properties totaling more than 1.1 million square feet, valued in excess of $450 million and representing approximately 8 percent of its overall portfolio JLL Income Property Trust is an institutionally managed, daily NAV REIT that brings to investors a growing portfolio of commercial real estate investments selected by an institutional investment management team and sponsored by one of the world's leading real estate services firms. About Jones Lang LaSalle Income Property Trust, Inc. (NASDAQ: ZIPTAX; ZIPTMX; ZIPIAX; ZIPIMX), Jones Lang LaSalle Income Property Trust, Inc. is a daily NAV REIT that owns and manages a diversified portfolio of high quality, income-producing residential, industrial, office and grocery-anchored retail properties located in the United States. JLL Income Property Trust expects to further diversify its real estate portfolio over time, including on a global basis. About LaSalle Investment Management LaSalle Investment Management is one of the world's leading real estate investment managers. On a global basis, LaSalle manages approximately $76 billion of assets in private and public real estate property and debt investments as of Q3 2021. LaSalle's diverse client base includes public and private pension funds, insurance companies, governments, corporations, endowments and private individuals from across the globe. LaSalle sponsors a complete range of investment vehicles including separate accounts, open- and closed-end funds, public securities and entity-level investments.

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