REAL ESTATE TECHNOLOGY

In 2020, over half a million real estate agents turned to the digital transaction management of Lone Wolf Transactions

prnewswire | November 09, 2020

In 2020, over half a million real estate agents turned to the digital transaction management of Lone Wolf Transactions
In the past year, over 595,000 real estate professionals in the U.S. actively used their member benefit, Lone Wolf Transactions, for real estate transactions, according to usage numbers released today by Lone Wolf Technologies. The solution also added over 55,000 users from January to November, a significant increase that demonstrates the growing importance of digital transaction management to meet customer expectations during the COVID-19 pandemic. Transactions  is provided nationally as a member benefit, and Lone Wolf provides the technology to over 1,000 other MLSs and associations across the country. The national member benefit features industry-leading digital forms, document storage, and transaction management.

Spotlight

oday, President Donald Trump signed the “Tax Cuts and Jobs Act” (TCJA or Act) that lowers business and individual tax rates, modernizes US international tax rules, and provides the most significant overhaul of the US tax code in more than 30 years. On December 20, Congress gave final approval to the House and Senate conference committee agreement on the Act, which reconciles differences in the versions of the TCJA previously passed by both the House and Senate. The text of the final bill closely resembles what was already passed by the Senate and maintains key provisions such as permanent reduction in corporate tax rates as well as temporary tax relief for pass-through businesses and individuals.

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MARKET OUTLOOK

Centennial Property Group Announces A$ 100 million Senior Secured Loan Note Program Offering

prnewswire | November 09, 2020

This archive is arranged and given by CPG Financial Services Pty Ltd ACN 162 617 843; AFSL No. 436802 ("CPGFS"). Issues of Loan Notes will be made under a game plan between the backer of the Loan Notes, Centennial LN Pty Limited (ACN 645 494 177) ("the Issuer"), and CPGFS for the reasons for area 911A(2)(b) of the Corporations Act (Australia). The Issuer declared today that it means to offer, subject to advertise and different conditions, an AUD$100 million total head senior made sure about advance note (Program) in a private situation. CPGFS, for the benefit of the Issuer, looks for articulations of premium from people who are qualified to gain Loan Notes (see "Qualification" underneath) and whose conventional business incorporates the purchasing and selling of or putting resources into obligation interests of a sort like the Loan Notes to partake in the Program. CPGFS may, every once in a while, make recommendations to those Investors who have communicated a premium in partaking in the Program for the issuance of Loan Notes. The Issuer will contribute the returns of calls to be made under the Loan Notes in contract made sure about land advances to Australian property speculators and engineers. Key Features of the Program An outline of certain critical highlights of the Program is set out underneath. This record doesn't indicate to be finished and is qualified completely by, and Investors should peruse the entire of, the private Information Memorandum, the applicable Supplementary Information Memorandum, the Loan Note Subscription Deed and the other Transaction Documents of the significant Series of Loan Notes to settle on an educated choice about whether to put resources into any Loan Notes. About Centennial Property Group The Issuer is managed by CPG Lending Pty Ltd, a wholly owned subsidiary of Centennial Property Group ("CPG"). CPG was established in 2012 as a private family office style property investment group specialising in actively managed property investments, developments and property-backed lending. Since that time it has undertaken transactions with a total value of $1.6 billion and has provided consistently compelling risk adjusted returns to its investors. However, potential investors should note that past performance is not a reliable indicator of future performance and should not be relied upon in making a decision to invest in Loan Notes. The underlying loan portfolio will comprise loans for property investments and projects with similar characteristics to the property projects in which CPG has invested its Centennial Mortgage Opportunities Fund. The loans will typically be on less conservative lending terms than those offered by banks (constrained by Basel III and regulatory requirements) and thereby achieve an enhanced return for the Investors.

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REAL ESTATE INVESTMENT

Modulaire Group Strengthens Spanish Business With Acquisition Of Balat

Modulaire Group | November 19, 2021

Modulaire Group, a leading business services company specialising in modular space, is pleased to announce it has agreed to acquire Alquibalat, S.L. ("Balat") in Spain. Based in Pamplona, Balat is a leader in the Spanish market for the rent and sale of modular buildings, with a strong presence in the construction sector. It operates over 15,000 units from 15 sites in Spain and Portugal, including in Madrid, Barcelona, Bilbao, Coruna, Malaga, Seville, and Valencia. Balat had revenues of €32 million in 2020 and has approximately 165 employees. The transaction, which remains subject to review by the CNMC, the Spanish competition authority, is expected to close by Spring 2022. "We are delighted to confirm the transaction with Balat, a leader in modular buildings in the growing Spanish market. The strength of the business is a testament to the experience and hard work of Management. I look forward to working with the team." - Mark Higson, Modulaire Group's Chief Executive Officer "We believe the takeover by Modulaire Group will strengthen the future of Balat, support the next phases of growth and provide Balat's team further opportunities to grow their careers. We would like to take this opportunity to thank our professionals for their hard work and commitment in developing Balat's business." - Rafael Baranda, Chief Executive Officer of Balat The acquisition of Balat will be Modulaire Group's fourth acquisition in 2021 and the tenth acquisition worldwide since the beginning of 2020. A targeted acquisition strategy remains one of Modulaire Group's four strategic objectives, alongside an efficient cost base, a focus on optimising sales and granular management of branch level performance, and effective capital investment. About Modulaire Group Modulaire Group is a leader in European modular services and infrastructure. We create smart spaces for people to live, work and learn. Our business is designed to help customers find the right space solution, no matter what their requirements. Modulaire Group has operations in 25 countries with approximately 267,000 modular space and portable storage units and 4,400 remote accommodations rooms. The company operates as Algeco in Europe and Scandinavia, Elliott, Advanté, Carter and Procomm in the United Kingdom, BUKO Huisvesting, BUKO Bouw & Winkels and BUKO Bouwsystemen in The Netherlands, Tecnifor and Locabox in Italy, Ausco in Australia, Portacom in New Zealand, and Algeco Chengdong in China.

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REAL ESTATE TECHNOLOGY

WHI Real Estate Partners L.P. Confirms Final Closing of WHI Real Estate Partners V, L.P. with $385 Million in Capital Commitments

WHI Real Estate Partners | May 07, 2021

WHI Real Estate Partners L.P. confirmed recently the final closing of WHI Real Estate Partners V, L.P, with $385.0 million in capital contributions, reaching the Fund's goal of $325.0 million. WHIREP plans to invest the Fund in a diverse variety of commercial, residential, hotel, office, and other assets around the United States, following in the footsteps of WHIREP's predecessor funds' opportunistic investment strategy. A global community of investors, including university endowments, foundations, health care companies, wealth management firms, family offices, among others, contributed money to WHIREP V. WHIREP now plans the Fund to purchase real estate properties with an aggregate cost of $1.0 - $1.1 billion. The Fund's sole placement agent was PJT Park Hill, a corporate group of PJT Partners Inc. Kirkland & Ellis LLP represented the general partner in connection with the offering of Fund interests. About WHI Real Estate Partners WHI Real Estate Partners L.P. is a private investment company focusing on repositioning middle-market real estate properties throughout the United States. WHIREP actively manages nearly $1.1 billion in assets on behalf of a select group of university endowments, foundations, health care systems, wealth management agencies, private offices, and others.

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Spotlight

oday, President Donald Trump signed the “Tax Cuts and Jobs Act” (TCJA or Act) that lowers business and individual tax rates, modernizes US international tax rules, and provides the most significant overhaul of the US tax code in more than 30 years. On December 20, Congress gave final approval to the House and Senate conference committee agreement on the Act, which reconciles differences in the versions of the TCJA previously passed by both the House and Senate. The text of the final bill closely resembles what was already passed by the Senate and maintains key provisions such as permanent reduction in corporate tax rates as well as temporary tax relief for pass-through businesses and individuals.