Housing starts fall for third consecutive month

Department of Housing and Urban Development | August 16, 2019

Housing starts fell 4% in July to a seasonally adjusted annual rate of 1.191 million and the pace for June was revised downward, according to the Department of Housing and Urban Development and the Department of Commerce. The residential construction number has come in lower than economists' expectations for three months in a row, extending what has been a disappointing run for the housing market, said TIAA Bank Executive Vice President John Pataky.

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Oakstrand Realty is now now hiring real estate agents in Chason, Florida. Are you looking to join a real estate brokerage in Chason? We have numerous real estate agent job openings in Chason, Florida. Learn why our agents are saying we are the best real estate brokerage to join.

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REAL ESTATE INVESTMENT

Starboard Realty Advisors Acquires Class A Apartment Community in Spring, Texas

Starboard Realty Advisors | April 18, 2022

On April 15th, Starboard Realty Advisors announced the acquisition of Arden Woods, a highly amenitized, class A, garden-style apartment community in Spring, Texas. The seller was represented by Tonya Chaffin, John Carr, and Ben Fuller of Cushman & Wakefield. Arden Woods is a community of 1-, 2-, and 3- bedroom apartments that offer a contemporary living experience. Each apartment comes with stainless steel appliances, faux-wood flooring, ceiling fans, granite countertops, and an in-unit washer and dryer. An attached garage is a feature in some units. Amenities like a resort-style swimming pool with pavilions, a fire pit, BBQ grills, storage units, a dog park, and a fitness center are part of the property’s offering. The property provides easy accessibility to North Houston, Conroe and the Woodlands. The Arden Woods property is an excellent investment due to the projected 16.8% population increase in the surrounding area by 2026. We look forward to the opportunity it presents our investors." Bill Winn, CEO of Starboard Realty Advisors, LLC

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REAL ESTATE INVESTMENT

Bandwidth Powers 'PropTech' Innovators in Red-Hot Housing Market

Bandwidth Inc. | September 14, 2021

Bandwidth Inc., a leading global enterprise communications platform and cloud-native carrier, announced it is powering some of the most innovative digital disruptors in the red-hot U.S. housing market. As the nationwide surge in the real estate market continues, buyers and sellers are increasingly adopting new digital tools to more quickly and conveniently get to the closing table. Bandwidth is the messaging and communications platform of choice for several innovative property technology, or PropTech, companies that are eliminating friction and improving the customer experience in the key steps of a real estate transaction, such as choosing a real estate agent, finding or renting a property, and showing or viewing a home. "Buying or selling a home is the largest transaction most people make in their lifetime. That's why messaging and voice communications are mission-critical throughout the key steps of the process," said John Bell, Bandwidth's Chief Product Officer. "The Bandwidth platform enables PropTech SaaS companies to scale communications using our APIs without needing extensive knowledge of telecom industry regulations and requirements. By partnering with Bandwidth, SaaS companies can focus on what's most important—the customer experience." Here are three examples of how Bandwidth customers are improving the real-estate experience: Clever Real Estate is a platform that guides home buyers and sellers through the process of interviewing and choosing a real estate agent. Finding an agent through Clever is a free service that delivers reduced listing fees for sellers and cash back for buyers. Bandwidth provides voice and messaging services to enable Clever's services for consumers across a network of top real estate agents in the U.S. Rently provides self-touring and smart access technology for single-family and multi-family homes nationwide. Each year, more than 20 million renters move to find their new rental property--and Rently's self-touring technology automates the renter check-in process so renters can instantly tour a vacant property, safely and securely, without an agent present. Bandwidth provides voice and messaging services to help Rently power more than 3,500 operators in the U.S. and 15 million renter self-tours to-date. ShowingTime, recently acquired by Zillow, coordinates schedules behind the scenes so agents can seamlessly book a confirmed home showing online, streamlining a complicated process. In 2020, the company facilitated more than 50 million showings industry-wide. Bandwidth provides voice and messaging services to ShowingTime to enable sellers' and buyers' agents to schedule and confirm home tours online and also get 24/7/365 live help from appointment specialists. About Bandwidth Inc. Bandwidth is a global communications software company that helps enterprises connect people around the world with cloud-ready voice, messaging and emergency services. Companies like Cisco, Google, Microsoft, RingCentral, Uber and Zoom use Bandwidth's APIs to easily embed communications into software and applications. Bandwidth has more than 20 years in the technology space and is the first and only Communications Platform-as-a-Service (CPaaS) provider offering a robust selection of APIs built around our own global network. Our award-winning support teams help businesses around the world solve complex communications challenges every day.

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REAL ESTATE TECHNOLOGY

George Slusser, head of the WAV Group's New Real Estate M&A Advisory Division

prnewswire | January 14, 2021

George Slusser, one of the land business' generally capable and notable valuation specialists, will join WAV Group to head its new Mergers and Acquisition Advisory Division, land's driving counseling and examination firm reported today. As the most up to date individual from the WAV group, Slusser brings over 35 years of involvement, remembering individual investment for more than 300 land business consolidations and acquisitions on both the procuring and selling side including many financier organization valuations. "George literally wrote the book on real estate M&As," WAV Group Managing Partner Victor Lund said. Slusser authored the industry best-selling book, Acquiring Profit, which created the foundation for today's modern M&A industry for U.S. real estate brokerages. "We can honestly say that no one will offer brokers better M&A advice than WAV Group with George on board." Lund clarified that at Cendant, Slusser helped led the significant acquisitions that made what is currently Realogy, the world's biggest land organization. Slusser most as of late was the previous COO and Chief Growth Officer of SVN International (earlier Sperry Van Ness), and past President and COO of Coldwell Banker Commercial Real Estate. He likewise was a top leader at GMAC Home Services, ERA Franchise Systems, and Merrill Lynch Realty. "No one has more experience helping real estate brokers navigate the challenges of preparing a succession plan and the right exit strategy than George," added Marilyn Wilson, WAV Group Managing Partner. "WAV Group already assists organizations to increase the value of their companies with the services we provide in technology, recruiting, retention and organizational excellence. Once an acquisition is complete, WAV Group supports brokerages with overhauling branding strategies, technology and data services creating operational and organizational efficiencies. WAV Group Communications is there to help the newly formed organization communicate the vision and strengths of the new entity to expand the brand strength as well as helping to retain agents and clients by minimizing disruptions. With our new M&A division, we now provide an end-to-end service to help our clients maximize the growth and profitability of their businesses­­­," she added. For Slusser, heading up the WAV Group's new M&A Advisory division allows him to "fill an unmet need for broker-owners." "There's an absence of firms offering brokers comprehensive M&A advice," Slusser said. "In the next three years, we expect the record consolidation we have already seen in the real estate brokerage industry to continue. As the ownership in our industry continues to age, the transfer to the next generation is underway. Broker-owners want - and need - guidance. We specialize in helping them understand the value of their company, create succession planning, explore partnership structures, help them raise capital, and most importantly, provide strategic support for each of these processes. And with M&As, both the selling side and acquiring side benefits from independent representation." At WAV Group, the M&A Advisory Division offers a far reaching scope of value and moderate administrations for customers, conveying "unparalleled skill." Slusser will head a group that has partaken in more than 600 acquisitions and consolidations with buy costs adding up to $1.1 billion. With a consolidated 55 years of M&A experience explicit to the land business, the Division can deal with a wide scope of arrangements, going from little consolidations or association purchase outs to the biggest, most complex industry exchanges. M&A Advisory administrations are accessible to land business organizations, both private and business, property the executives firms, innovation suppliers serving the land business, and start-up or beginning phase financier and specialist co-op organizations. "Our experience in being owner/operators, as well as senior executives with multiple top brands, allows us to bring a unique perspective unmatched by other advisory services. Our practical knowledge allows us not only to help properly value your firm, but we deeply understand that the most important assets of your organization are your reputation and people," Slusser said. About WAV Group WAV Group is real estate's leading consulting and research firm, offering a depth of experience in technology, strategic planning, research, business development, Mergers & Acquisition and valuation advisory, content creation, public relations, sales, product development and marketing in the real estate industry. Clients include some of the largest MLSs in North America, international real estate franchise organizations, large independent brokerages, technology companies, and trade associations. WAV Group partners have been CEOs, executive team members, or founders of Fortune 100 and venture-funded corporations and approach each relationship with a clear understanding of the challenges that face each client's businesses today.

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