Real Estate Investment
PRnewswire | August 21, 2023
Roc Capital Holdings LLC ("Roc360", the "Company"), a vertically integrated platform for residential real estate investors and a leading originator of business-purpose loans, and Temasek, a global investment company headquartered in Singapore, today announced the launch of Roc360 Real Estate Income Trust Inc ("Roc360 REIT").
The externally managed mortgage REIT will invest in business purpose loans for residential real estate investment properties principally originated by Roc360. Since its founding, Roc360's core focus has been to connect the highly fragmented business of residential investment property lending with institutional capital through an "originate-to-sell" business model. The formation of the Roc360 REIT establishes Roc360's presence as an asset manager, which will enable the Company to further diversify its base of committed capital to enhance the certainty of capital for its borrowers.
"As demand for our assets has increased, we view the Roc360 REIT as an opportunity to secure more funding for our customers by diversifying our range of capital sources," said Arvind Raghunathan, Ph.D., Roc360 Founder and Chief Executive Officer. "We are honored to partner with Temasek on this important endeavor, which will have a beneficial impact on our customers' ability to scale their businesses in combating the shortage of affordable, energy efficient homes in this country."
The partnership between Roc360 and Temasek highlights the continued interest in US residential real estate from the international investor community. "This year, we have taken a number of steps to grow our origination capabilities both organically and via acquisitions. As such, we view the Roc360 REIT as a natural extension of our platform, which binds best-in-class origination capabilities and diverse, committed and scalable capital through technology and data which provides our borrowers certainty of execution and a streamlined process. We are excited to provide an alternate funding model for this segment of the industry outside of whole loan purchases and securitization markets," said Maksim Stavinsky, Co-Founder and President of Roc360.
In addition to the REIT, Roc360 will maintain and expand its existing loan purchase programs and asset management solutions to accommodate its growing origination footprint.Deutsche Bank Securities Inc. served as sole structuring agent for this transaction.
About Roc360
Roc360 is a leading financial services platform for residential real estate investors, providing vertically integrated solutions, including lending, servicing, insurance, and valuation. Founded in 2014 by Arvind Raghunathan, Maksim Stavinsky and Eric Abramovich, Roc360 employs over 300 people and its wholesale and retail brands have funded in excess of $25 billion in loans throughout the United States since inception. The company is headquartered in New York City with offices on three continents.
Read More
Real Estate Investment, Asset Management
PRnewswire | July 24, 2023
Juniper Square, the leading provider of partnership enablement for the private funds industry, today announced an exclusive partnership with Pereview, the only Life of The Asset® software platform supporting both equity and debt for real estate investments. By connecting Pereview's in-depth asset data to Juniper Square, joint clients can seamlessly share both asset-level and portfolio insights to improve fundraising efficiency and provide LPs with greater transparency.
"Juniper Square and Pereview's combined offering provides a best-of-breed solution for fundraising and investor relations teams within leading GP organizations," says Matt Lawson, CMO at Juniper Square. "Until now, these groups have had to compile data from countless different sources just to get a comprehensive and clear picture of their investments. Our partnership with Pereview will change the status quo, allowing GPs to get a comprehensive and clear picture of their CRE assets and deliver it seamlessly to LPs through Juniper Square's partnership enablement platform."
As a slower adopter of digital technologies, the commercial real estate industry has finally reached a tipping point. With Juniper Square's roots in investment management and Pereview's expertise in providing detailed reporting across the entire investment lifecycle from acquisition to disposition, these complementary strengths address the ever-growing need for timely, in-depth reporting. All data in the capital stack, from the investor to the fund to the investment to the portfolio to the asset to the property to the lease will be readily available for mutual clients.
"Our partnership with Juniper Square provides a best-of-breed, full-stack solution for the marketplace with a custom integration built exclusively for our current and future mutual clients," said Daryl Pitts, senior vice president of global sales for Pereview. "Where Juniper Square is strong in the processes around raising the fund and investor relations, Pereview provides complementary strengths in comprehensive, globally compliant data aggregation and reporting to equip asset, portfolio, and fund management professionals with the 360 view they need to make data-driven decisions."
"The combination of Pereview and Juniper Square provides complete coverage for all of our needs," said Dalfen Chief Investment Officer Max Gagliardi. "From the start of fundraising to investor reporting, from portfolio analysis to strategy at the asset level, all the way down to industry exposure and lease clauses—all of our data, across the entire investment lifecycle is supported. We now spend more time doing deeper investment analysis allowing us to drive value creation across our portfolio versus spending time updating many Excel files to answer the same set of questions over and over again. Pereview and Juniper Square have been a game changer for us. We've been able to support the growth of our platform and materially increase portfolio analytics capacity without having to grow the team significantly."
In addition to Dalfen, existing mutual customers between Juniper Square and Pereview include PCCP, Ryan Companies, Rockwood Capital, Singerman Real Estate, and many more.
About Juniper Square
Juniper Square is the leader in partnership enablement for the private funds industry, offering a universal system for GPs and their LPs to seamlessly connect and communicate across every stage of their partnerships. Juniper Square empowers investment managers to accelerate fundraising, scale operations efficiently, and improve investor satisfaction. More than 1,800 GPs rely on Juniper Square to manage more than 32,000 investment entities that span over 500,000 LPs and $700 billion in investor equity.
About Pereview
Pereview is the leading provider of asset management software and portfolio analytics to the global real estate industry. Agnostic to OP platforms and preferred by LP's, GP's, Institutional Investors, Owners and Managers, Pereview is built by real estate professionals for real estate professionals. By aggregating, integrating and interpreting your internal and external disparate data into the industry's only all-in-one platform, Pereview provides actionable insights into every step of the investment lifecycle. Drive NOI, break down silos and make stronger, more accurate decisions based on your accurate and governed data. With all of your transactions, asset, and portfolio management data in one place across both equity and debt investments, a Pereview client has full visibility into The Life of The Asset®. With both out of the box and customization options, we help clients make more trusted decisions and Do More With Your Data®.
Read More
Market Outlook, Real Estate Investment
PRweb | July 14, 2023
JPAR® - Real Estate, a leading real estate brokerage company, announced today the acquisition of JPAR Modern Living, a franchise affiliate located in McAllen, Texas. The acquisition represents a significant milestone in JPAR® - Real Estate, Texas’ expansion strategy.
JPAR Modern Living, led by the esteemed Anna Hammad, has a stellar reputation as a trusted real estate brokerage renowned for its commitment to excellence, exceptional service, and cultivating long-term client relationships. The acquisition represents a powerful alliance, combining JPAR® - Real Estate’s corporate resources, the incredible platform built by Anna Hammad, and the tremendous growth opportunity and strategic significance of the McAllen and Rio Grande Valley markets.
"The potential that the McAllen market holds is remarkable, and we view this acquisition as a catalyst for JPAR® - Real Estate’s accelerated growth in this region,” says Chris Sears, President, JPAR® - Real Estate, Texas. "Anna Hammad has built an impressive franchise over the last four years, and by bringing JPAR® - Real Estate’s corporate resources to bear on this market, we can unlock unparalleled opportunities for JPAR’s expansion.”
JPAR® - Real Estate and JPAR Modern Living will benefit significantly from this acquisition. JPAR will look to establish a dedicated market leader, empowering the leader to spearhead agent recruitment, development, and retention efforts. The office will also leverage the company’s robust recruiting infrastructure, successfully recruiting over 900 agents last year. Aligned with the recently developed recruiting initiative focused on Spanish-speaking agents, JPAR® - Real Estate is also focused on lead-generation efforts for the Hispanic market. These initiatives will bolster agent diversity and better serve the community’s needs.
“We are committed to providing our agents with support and opportunities for growth,” says Anna Hammad, Owner, JPAR Modern Living. “With a dedicated market leader, our agents will receive increased access to the same comprehensive training programs and mentorship that have propelled our company-owned locations to great success.”
This acquisition perfectly aligns with JPAR® - Real Estate’s long-term growth strategy, which revolves around establishing a strong presence in attractive markets and empowering agents. With its robust population of nearly 900,000, the McAllen market presents immense potential. Agents joining JPAR® - Real Estate will benefit from the company’s industry-leading 100% commission model and extensive support, equipping them with the tools and choices needed to build their businesses successfully.
About JPAR® Real Estate
JPAR® - Real Estate is a full-service real estate brand and franchise platform offering a highly competitive transaction fee-based model and agent-centric culture. The JPAR® platform provides agents seven (7) days-per-week support, a comprehensive tech stack, marketing, lead generation, training, and mentoring. JPAR® affiliated owners benefit from compliance review, 1-on-1 consulting, recruiting support, and a peer network of influential industry leaders. The company boasts 4,000 agents operating in 65 offices across 25 states and closes $7.8B annually in sales volume.
Read More