MARKET OUTLOOK,REAL ESTATE INVESTMENT
Origin Investments and Kovitz | January 09, 2023
Focus Financial Partners Inc., a leading partnership of independent, fiduciary wealth management firms, recently announced that it entered into a definitive agreement enabling Origin Holding Company, LLC, a Chicago, IL-based private real estate fund manager, to join forces with Focus partner firm Kovitz Investment Group Partners, LLC.
The firm will continue to provide its real estate funds under the Origin brand while retaining its leadership and investment team. The deal is anticipated to conclude in the first quarter of 2023, subject to the fulfillment of customary closing conditions.
Origin is a prominent manager of private real estate funds specializing in multifamily residential assets. The company manages multifamily property funds to provide investors with tax-efficient income, capital appreciation, and portfolio diversification. Its funds have more than 3,000 individual investors, many of whom were referred by other high-net-worth organizations. Its performance places them in the top decile of 2022's best private real estate fund managers, according to Preqin, an alternative investing data provider.
This strategic transaction will significantly expand the footprint and scale of Kovitz's private real estate fund solutions for clients, building on the company's long history of real estate investing success. Through this agreement, Kovitz will make its operational capabilities and wealth management know-how available to Origin and its investors.
Meanwhile, Berkshire Global Advisors served as Origin's primary financial advisor in this transaction.
David Scherer, Co-CEO of Origin, concluded, "In evaluating strategic partners, our objectives were to preserve and promote the continuity of our well-established brand while also gaining access to additional resources to help us better serve our funds' investors and grow our business."
About Origin Investments
Origin Investments provides best-in-class real estate solutions to HNWIs, family offices, and RIAs. It manages multifamily real estate developments in fast-growing U.S. markets. Since 2007, the company has accomplished $2.5 billion in real estate transactions, while its principals have invested $60 million. Alternative investment data source Preqin says that the company's performance is in the top 10% of the world's best private real estate fund managers.
Kovitz Investment Group Partners, LLC (Kovitz) is an SEC-registered investment adviser that serves individual and institutional customers. It connects HNWIs, institutions, and financial professionals to asset management and advising methods. It offers long-term investing options backed by rigorous research. The organization approaches financial planning and wealth management as active activities, helping clients make the right decisions.
REAL ESTATE TECHNOLOGY, REAL ESTATE INVESTMENT
Side | January 30, 2023
Robust Real Estate, a client-centric residential sales and leasing firm, recently announced its partnership with Side, a real estate technology company. The collaboration will ensure that the relationship-driven firm of Robust Real Estate is powered by the industry's most advanced platform.
Corey Nelson founded Robust Real Estate to assist Southern California homebuyers and sellers achieve their real estate objectives. With a total transaction volume of approximately $300 million, Nelson and his team earned a spot on the Los Angeles magazine Real Estate All-Stars list for 2023 and the RealTrends list of America's top real estate professionals in 2022. In addition, the team has 100 five-star Zillow ratings and many satisfied clients who support its referral-based business.
Partnering with Side will ensure that Robust Real Estate remains at the forefront of the evolving real estate market and continues to provide its clients with premium services. Side supports Robust Real Estate with a one-of-a-kind brokerage platform consisting of proprietary technology, branding and marketing services, transaction management, public relations, lead generation, vendor management, legal support, and infrastructure solutions. In addition, Robust Real Estate will join an exclusive group of Side partners, gaining access to an expansive network.
Corey Nelson, Founder of Robust Real Estate, shared, "I've dreamed of opening my own brokerage since obtaining my broker license in 2015, but I was hesitant to move forward because of the overhead, complexity, and liability." He adds, "Side solves many of my concerns by providing my team and me with access to state-of-the-art marketing, technology, administrative, and legal services, so we can spend more time delivering best-in-class service to our clients."
(Source – PRWeb)
Headquartered in San Francisco (California) and founded in 2017, Side is a real estate brokerage platform empowering agents, teams, and independent brokers to establish and expand their boutique brands. The company works in the background to provide its partners with time-saving technology and superior support so brokers can work without worrying about the time, cost, or risk of operating a brokerage. Its proprietary technology platform and support solutions enable agent partners to increase productivity and expand their businesses. As a result, Side has helped launch more than 500 real estate companies across the country.
REAL ESTATE INVESTMENT, MORTGAGE AND LENDING
Crexi and CCIM Institute | February 10, 2023
The industry's leading commercial real estate (CRE) marketplace, data, and technology platform, Crexi, recently announced a partnership with the CCIM Institute. This partnership will help the CCIM Institute to create a design-only benefit known as the CCIM Property Listing Service. For instant access to thousands of CCIM Designee listings around the country, CCIM Designees can now link their Crexi and CCIM accounts.
This partnership will allow CCIM Designees to subscribe to Crexi's PRO offerings at a discounted annual price. This includes higher rankings in property searches and AI-generated property blasts that reach more qualified buyers with complete contact information. Additionally, the members with a PRO subscription to the platform get complete access to intelligence, sales comps, and research. To this day, Crexi's database has 13 million+ sales in the United States and 153 million property records with ownership contact information.
Crexi is honored to partner with the CCIM Institute continued as the global standard for commercial real estate professionals for more than 55 years, including appraisers, lenders, brokers, developers, asset managers, investors, and other allied professionals. In addition, Crexi continued to be a chosen provider for the National Association of REALTORS (R) (NAR), with experience and gained expertise to provide quality and updated data to professionals who require quick and efficient access.
A robust marketplace and technology platform, Commercial Real Estate Exchange, Inc. (Crexi), is changing how commercial real estate professionals do business by making deals happen faster and giving more people access to properties and industry data. In 2015, the company started a journey to change the commercial real estate (CRE) industry, intending to create a central hub where stakeholders could market, analyze, and trade commercial property from a single source. As a result, it empowers two million+ brokers, buyers, and tenants monthly to explore property values of more than $2 trillion nationwide.
About CCIM Institute
A Certified Commercial Investment Member (CCIM) is a commercial and investment real estate expert. Its courses and global community deploy ways of commercial real estate investment and tools that boost the pathway between opportunity, a go/no-go decision and success for an asset, according to the instructions by industry leaders. Through its 55 chapters, the organization continues to revolutionize best practices and raise the commercial real estate professional through its core designation program to earn the CCIM Pin. Additionally, CCIM membership includes the industry's leading technology and operational platform.