REAL ESTATE INVESTMENT, BUYING/SELLING
Vanir | February 06, 2023
One of the national leaders in real estate development and program, project, and construction management, Vanir, has recently been awarded a contract by Arizona Housing Inc. (AHI). The AHI is a nonprofit organization based in Phoenix that provides affordable, permanent, supportive housing for the homeless.
Vanir will offer project and construction management services for AHI's Collins Court project Phase II, including cost controls, construction oversight, inspection services, document controls, quality control, claims avoidance and commissioning, under the awarded contract. By March this year, the design-bid-build delivery method will be used to construct the 10,591-square-foot, 34-unit affordable housing complex.
AHI's Housing First Model provides housing with wraparound case management services to individuals and families. The company was founded in 1995 and currently owns and operates five multi-family properties, which comprise 616 units in total. The property features are designed to empower residents with amenities to promote self-sufficiency and create a healthy living environment. The housing communities have fully furnished studio apartments with garden patios, business centers, mini-marts, libraries, community rooms, and on-site laundry services.
Codi Newsom P.E., LEED AP, and Vanir Mountain Region Area's Manager said, "Vanir's Arizona team is proud to partner with AHI and Architectural Resource Team, Inc. (ART), the architect of record, to build safe, equitable and affordable apartment homes for Phoenix's most vulnerable population." She added, "Our goal is to ensure that the contractor and all sub-contractors perform optimally to fulfill AHI and ART's design intent and deliver this critical project on time and within budget."
(Source: Cision PR Newswire)
Based in Sacramento, California, Vanir is a national leader in program, project, and construction management (PMCM) and real estate development. Top-ranked PMCM company by Engineering News-Record (ENR) for more than thirty years, the company's award-winning team provides complete services to both public and private sectors clients in the education (K-12 and higher), healthcare, transportation, justice and essential services, local and state government, technology, and water/wastewater markets. Established in 1964, the company has delivered value to customers nationwide with $25.8 billion in construction. The company's incredibly high rate of repeat business, which is 85%, shows that its team provides high-quality, innovative solutions that help programs and projects run smoothly.
REAL ESTATE TECHNOLOGY, REAL ESTATE INVESTMENT
AppFolio | February 03, 2023
On February 2, 2023, AppFolio, Inc. introduced AppFolio AlphaTM, an AI-powered investment management solution meant to provide a unified experience that automatically gathers, standardizes, and displays crucial property management data.
The end goal of this innovation is to give real estate investment managers useful information that they can use to make better strategic decisions.
Manually aggregating property management data for business insights is time-consuming, difficult to manage, error-prone, and impossible to scale. According to a report by Pi Labs, nearly half of the organizations spend 2–3 months a year collecting and organizing data to make decisions. In today's economy, asset managers are more focused on maximizing their investments using measures like occupancy rates, lease expiration, and rent increases.
AppFolio Alpha is a cost-effective alternative to hiring more staff that makes it simple for asset managers to collect and consolidate data, view key metrics for optimizing asset performance, audit performance across multiple portfolios at a glance, generate accurate reports, and meet their objectives.
Nat Kunes, Senior Vice President of Real Estate Investment Management at AppFolio, stated, "Today's real estate investment managers deserve technology that keeps up with the fast pace of the broader real estate industry."
He continued, "AppFolio Alpha enables investment managers to spend less time sorting through scattered data sets and more time uncovering actionable insights with visual KPIs like occupancy rates and lease expirations. We're proud to continue bringing innovations like Alpha to the market so we can help customers better understand potential points of exposure and take action for their business."
(Source – GlobeNewswire)
AppFolio, the industry's preeminent cloud-based business management solutions provider, specializes in serving the real estate sector. The company's products and services make it possible for its clients to digitally transform their companies, improve the efficiency of their most essential business processes, and provide superior service to their end users.
AGENT, MORTGAGE AND LENDING
Knock | January 25, 2023
Knock, an innovative fintech company, announced on January 24, 2023, that agents and consumers would no longer have to choose between working with their local or national lenders.
The company informed that any lender or agent can now add a no-interest equity advance loan from Knock to almost any conventional or jumbo mortgage to increase the benefits of Knock Home SwapTM. In addition, homeowners can win their desired property and move on their timeline by matching Knock Home Swap Equity Advance with a purchase mortgage.
Knock Co-Founder and CEO Sean Black stated, "Since 2015, our mission has been to empower people to move freely, and we have continued to raise the bar when it comes to making the process of buying and selling homes simple, certain and cost-effective."
"Many companies offer home loans, but no one else offers the Home Swap. By partnering with lenders, we are making it easier for consumers to get the benefits of leveraging the equity in their current house to buy their dream home without any of the hassles that typically come with buying and selling, including the ability to avoid moving twice and living through repairs and showings," he added.
(Source – Cision PR Newswire)
Before putting their current house on the market, a homeowner can use Knock Home Swap Equity Advance to make a firm offer, negotiate, and close quickly on the home they want.
Knock Home Swap Equity Advance loan can also be used to make up to a 30% down payment, buy down the mortgage rate, cover closing expenses, cover up to $35,000 in home preparation costs to sell the old house for top cash, and pay up to six months of mortgage payments on the previous house. Besides, Knock's Home Prep & Marketability Allowance gives access to its approved contractor network and pays all bills out of homeowners' equity.
Knock was started in 2015 by founding team members of Trulia.com. Since then, it has raised more than $600 million in debt and equity from top investors. National Association of Realtors® is a strategic investor in Knock through its investment arm, Second Century Ventures. This means that Knock's homeownership solutions can be sold to its clients by its 1.5 million members. The company currently operates 72 markets across the country but wishes to expand to 100 by 2023.