Lone Wolf and Adwerx integrates to give easy access to digital ads for real estate

Lone Wolf Technologies | July 23, 2020

Lone Wolf Technologies ("Lone Wolf") is pleased to announce that Adwerx has joined Marketplace, Lone Wolf's selection of curated tech partnerships for its transaction management solutions, Transactions (zipForm Edition) and Transactions (TransactionDesk Edition). This new offering will bring targeted ad programs for real estate brokers and agents into Transactions (zipForm Edition), the national transaction management member benefit in the U.S.

Spotlight

ActiveRain and Market Leader conducted a survey of more than 2,000 real estate agents to help real estate agents determine where they should be spending their money and how much they should be paying.

Spotlight

ActiveRain and Market Leader conducted a survey of more than 2,000 real estate agents to help real estate agents determine where they should be spending their money and how much they should be paying.

Related News

REAL ESTATE TECHNOLOGY

Embrey Expands Footprint in Austin, TX with Acquisition of Arboretum Oaks

Embrey | May 18, 2022

Embrey, a diversified real estate investment company based in San Antonio, Texas, has acquired the Arboretum Oaks apartment community. Located in Austin, Texas, the 252-unit property built in 1984, marks the first acquisition, and 25th asset that Embrey has either developed, owned, or operated in the greater Austin area. Embrey's nationally recognized, award-winning Embrey Management Services will take over property management duties at the community. Located less than 15 minutes northwest of downtown Austin and five minutes west of The Domain, Arboretum Oaks offers numerous competitive advantages in terms of its accessibility, community amenities and walkable proximity to retail. Through the purchase of Arboretum Oaks, Embrey will be leveraging the explosive, pent-up demand for rental properties in a market that has added more than 80,000 jobs since 2016. Despite continued in-migration, low housing supply, and strong job creation, Austin's Arboretum area has seen only one apartment community developed since 2000. This is a beautiful community with great access to the Arboretum, The Domain, downtown Austin, and a number of highly sought-after employers such as Apple, Amazon, and Facebook, to name just a few. We plan to fully renovate the property to bring it up to current market standards and renter expectations. Combining the property's prime location and remarkable bones with the red-hot rental demand of Northwest Austin makes this a terrific investment for our company." Alex Sampson, Vice President of Acquisitions at Embrey Fueled by the nation's leading job and population growth, the Austin area has one of the hottest apartment markets in the country. Asking rents are now up roughly 25 percent since the start of the pandemic, well ahead of the national average. Most recently, as of the first quarter of 2022, occupancy in Austin increased three percent to 96.4 percent according to Witten Advisors. "This acquisition signifies another step in expanding Embrey's acquisition platform and capital base," says Sampson. "As a vertically integrated, diversified real estate investment company, we continue to seek acquisition opportunities like this to create value for our capital partners." Embrey partnered with Black Salmon Capital on this acquisition with debt being funded by an affiliate of Heitman LLC, a global real estate investment management firm. Embrey and its partners were assisted in this transaction by Walker & Dunlop investment sales brokers Matt Pohl and Spencer Roy, as well as debt brokers Patrick Short and Tom Toland. About Embrey  San Antonio-based Embrey is a diversified real estate investment company that owns, develops, builds, acquires and manages multifamily and commercial assets in targeted markets across the United States. Since 1974, Embrey has developed more than 44,000 apartments and over 6 million square feet of commercial property. Embrey is a leading developer in the multifamily sector, with more than 6,000 units under construction or in development.

Read More

REAL ESTATE INVESTMENT

BGL Real Estate Advisors Completes $160 Million of Financing for the Acquisition and Development of Auburn 18 Business Park

Brown Gibbons Lang & Company | June 16, 2022

Brown Gibbons Lang & Company (BGL) is pleased to announce the financial closing of $160 million for the acquisition and development of Auburn 18 Business Park, a 129-acre industrial site in Auburn, Washington. BGL's Real Estate Advisors team served as financial advisor to Industrial Realty Group (IRG), with Oak Street, a Division of Blue Owl, as the capital partner to IRG. IRG is a nationwide real estate development and investment firm specializing in the acquisition, development, and management of commercial and industrial real estate throughout the United States. IRG, through its affiliated partnerships and limited liability companies, operates a portfolio containing more than 150 properties in 31 states with over 100 million square feet of rentable space. Oak Street is a real estate investment firm focused on investing in net-leased properties. Oak Street seeks to form partnerships with best-in-class organizations and real estate developers by creating structures that facilitate our partners' strategic and financial initiatives. We are excited to form a long-term partnership with IRG, one of the leading industrial developers in the country." Colleen Collins, Managing Director of Oak Street Auburn 18 Business Park is comprised of approximately 129 acres of land located one mile southwest of the Commercial Business District of the City of Auburn. The property is currently improved with over one million square feet of space, including two large office buildings, seven large warehouse buildings, an operations and maintenance building, and several other small support buildings located throughout the property. Originally purchased in 1944 by the United States Army as 435 acres of farmland, the site was improved with 20+ dry storage warehouses for use during World War II. In 1962, the U.S. General Services Administration (GSA) took ownership of a 177-acre portion, with multiple WWII warehouses, three 1950s-era warehouses, an administration office, and a water tower. The remaining U.S. Army property was sold to private developers. During the 1990s, GSA donated land to the City of Auburn for a park and the Auburn City School Bus Depot. An additional 8.4 acres was donated to the City of Auburn for its municipal fire training center. The disposal of the Auburn complex is part of a larger strategy to evaluate underutilized assets and shrink the federal footprint. IRG acquired the Auburn Federal Complex through an online auction process. Renovations to the existing eight warehouse buildings have begun and include fire and life safety upgrades, lighting improvements, and adding additional loading docks, as needed. With excellent frontage on C Street, this perfectly positioned site offers prime visibility and easy access to WA-18, WA-167, and I-5. The site is within two miles of the Auburn Municipal Airport and the BNSF Rail Yard, as well as various key supply chain, logistics, and manufacturing facilities, including UPS, Starbucks, Safeway, Behr, Gist USA, Boeing, Amazon, Costco, DHL, and REI. BGL's Real Estate Advisors Group offers comprehensive real estate investment banking services tailored to the middle market. It provides client-focused solutions with an emphasis on real estate advisory, debt, preferred and private equity placement, financial restructuring, recapitalizations, sale-leasebacks, structured finance, and asset acquisitions and dispositions across all asset classes. The team assists real estate owners and developers looking to form alliances and joint ventures with single-source capital providers to gain local and institutional access for all capital needs. About Blue Owl Capital Inc. Blue Owl is a global alternative asset manager with $102.0 billion of assets under management as of March 31, 2022. Anchored by a strong permanent capital base, the firm deploys private capital across Direct Lending, GP Capital Solutions and Real Estate strategies on behalf of Institutional and Private Wealth clients. Blue Owl's flexible, consultative approach helps position the firm as a partner of choice for businesses seeking capital solutions to support their sustained growth. The firm's management team is comprised of seasoned investment professionals with more than 25 years of experience building alternative investment businesses. Blue Owl employs over 400 people across 10 offices globally. About IRG IRG is a nationwide real estate development and investment firm specializing in the acquisition, development and management of commercial and industrial real estate throughout the United States. IRG, through its affiliated partnerships and limited liability companies, operates a portfolio containing over 150 properties in 31 states with over 100 million square feet of rentable space. IRG is nationally recognized as a leading force behind the adaptive reuse of commercial and industrial real estate, solving some of America's most difficult real estate challenges. About Brown Gibbons Lang & Company Brown Gibbons Lang & Company (BGL) is a leading independent investment bank and financial advisory firm focused on the global middle market. The firm advises private and public corporations and private equity groups on mergers and acquisitions, capital markets, financial restructurings, business valuations and opinions, and other strategic matters. BGL has investment banking offices in Chicago, Cleveland, and Philadelphia, and real estate offices in Chicago, Cleveland, and San Antonio. The firm is also a founding member of Global M&A Partners, enabling BGL to service clients in more than 30 countries around the world. Securities transactions are conducted through Brown, Gibbons, Lang & Company Securities, Inc., an affiliate of Brown Gibbons Lang & Company LLC and a registered broker-dealer and member of FINRA and SIPC.

Read More

BUYING/SELLING

SkySlope and Updater expand partnership to bring top moving app to millions of buyers and sellers

SkySlope | June 23, 2022

We're thrilled to announce an expansion of our partnership with SkySlope, an innovator in real estate transaction management. SkySlope serves over 450,000 real estate professionals and now offers Updater as part of their transaction management software to further enhance client relationships before, during, and after each real estate transaction. New features will be released this month, including: All SkySlope broker and agent customers will automatically receive access to the Updater Pro platform at no cost. All homebuyers and sellers in the SkySlope system will receive unlimited access to Updater, helping them move into and manage their new homes. Property information and specific transaction details will sync automatically between SkySlope and Updater, providing each buyer and seller with a personalized and tailored move plan. Broker and agent branding will be featured within the Updater experience before, during, and after the transaction and across communication channels – in-app, web, and email. With more real estate transactions completed in a digital environment, it's critical to remember that the transaction shouldn't end at the closing table – the move is often the most stressful part. We're thrilled to deepen our relationship with SkySlope and jointly deliver on the promise of a frictionless and modern moving experience for all homeowners." David Greenberg, Founder and CEO of Updater While homeowners enjoy a simplified and automated moving experience using Updater's industry-leading technology, SkySlope's customers will build lasting client relationships thanks to Updater's co-branding and configuration capabilities. Once branding and preferences are configured, brokerages and agents remain front and center in the Updater experience as their clients organize and complete moving tasks. "We build solutions to empower REALTORS® and are invested in their ongoing success," said Buck Avey, VP of Product at SkySlope. "Our collaboration with Updater is just one of the many ways we place the agent at the center of providing best-in-class experiences for their clients." SkySlope manages nearly 3M transactions each year. The homebuyers and sellers associated with Skyslope-managed transactions will receive integrated access to Updater's technology, helping them seamlessly organize and complete tasks including: Set up internet and television services Compare and book both full-service and on-demand moving services Set up utility services, including electricity, gas, and water Set up smart home technology Forward mail Update addresses And much more "Updater is integrated with our transaction management system (SkySlope), so that there's no work needed by our sales executives," said Brenda Tushaus, CEO at RE/MAX Results, ranked as the 15th largest brokerage firm in the US by closed transaction sides in 2021. "Other than getting set up and adding branding, it just runs automatically – that's a huge time saver." About SkySlope Established in 2011, SkySlope is the customer experience platform managing real estate transactions from contract to close. Serving over 450,000 real estate professionals across the U.S. and Canada, SkySlope manages nearly 3 million transactions annually. SkySlope is on a mission to build solutions that reshape the real estate industry by creating the most powerful autonomous transaction platform.

Read More