REAL ESTATE TECHNOLOGY
businesswire | January 12, 2021
KKR, a main worldwide speculation firm, today reported the procurement of a 263,000 square foot modern dissemination property in Goodyear, Arizona. Deliberately situated in closeness to the I-10 interstate thruway, a significant crosscountry shipping vein, the property builds KKR's mechanical land impression in the Phoenix, Arizona metropolitan factual territory (MSA) to more than 2,000,000 square feet.
The property is present day satisfaction focus finished in 2019 with best in class actual highlights including 36' clear tallness and was 100% rented at obtaining to great occupant on a drawn out premise. KKR gained the resource from the engineers, Provident Real Estate Ventures and Merit Partners.
“We continue to like high growth markets across the Sunbelt and are excited to further expand our presence in Phoenix with this high quality asset well suited to today’s logistics needs,” said Roger Morales, KKR Partner and Head of Commercial Real Estate Acquisitions in the Americas.
KKR is making the speculation through its center in addition to land technique. Across its assets, KKR currently claims around 32 million square feet of mechanical property in essential areas across significant metropolitan regions in the U.S.
Since dispatching a committed land stage in 2011, KKR has developed land resources under administration to roughly $14 billion across the U.S., Europe and Asia as of September 30, 2020. The worldwide land group comprises of more than 90 committed speculation experts, crossing both the value and credit organizations.
KKR is a leading global investment firm that manages multiple alternative asset classes, including private equity, credit and real assets, with strategic partners that manage hedge funds. KKR aims to generate attractive investment returns for its fund investors by following a patient and disciplined investment approach, employing world-class people, and driving growth and value creation with KKR portfolio companies. KKR invests its own capital alongside the capital it manages for fund investors and provides financing solutions and investment opportunities through its capital markets business. References to KKR’s investments may include the activities of its sponsored funds.
SmartRent | September 09, 2021
SmartRent, provider of smart home and smart building automation for property owners, managers, developers, homebuilders and residents, announced today it now integrates with AppFolio Property Manager, an innovative cloud-based solution designed to enable property management businesses to digitally transform their business, address critical business operations and enable exceptional customer service.
The integration for customers of AppFolio Property Manager Plus, designed for larger businesses with more complex needs, enables the automated synchronization of units, leases, residents and service orders from AppFolio Property Manager with SmartRent’s Internet of Things (IoT) smart home technology.
“At AppFolio we are continually looking for new ways to deliver efficiency gains that allow our customers to focus on what matters most – managing and growing their business,” said Shane Trigg, General Manager, Real Estate for AppFolio. “This integration will allow AppFolio Property Manager customers to leverage the power of smart home automation across their portfolio.”
The partnership allows SmartRent to deliver its smart home and property technology to a new segment of the housing market while aligning with a technology provider similarly known for its customer-centric approach.
“We’re excited to integrate with AppFolio Property Manager, which shares our focus on delivering innovative solutions to the real estate industry,” said Mitch Karren, Chief Product Officer for SmartRent. “Through this integration, we are extending our ability to serve owners and operators across multifamily and single-family properties, and we’re excited to broaden the SmartRent footprint in the industry.”
Founded in 2017, SmartRent is an enterprise smart home automation platform company for property managers and renters. The SmartRent solution is designed to provide property managers with seamless visibility and control over all their assets while delivering additional revenue opportunities through all-in-one home control offerings for residents. For more information, please visit smartrent.com.
REAL ESTATE TECHNOLOGY
Fathom Holdings Inc. | February 11, 2022
Fathom Holdings Inc. (NASDAQ: FTHM), a national, technology-driven, end-to-end real estate services platform integrating residential brokerage, mortgage, title, insurance, and SaaS offerings for brokerages and agents, today announced that it has acquired Utah-based iPro Realty Network, a full-service residential real estate brokerage company. The acquisition is expected to be immediately accretive. Other terms of the transaction were not disclosed.
iPro Realty Network is an award-winning real estate brokerage with approximately 435 agents that provides a full range of services for buyers and sellers throughout the state of Utah with market dominance in St. George, Cedar City, Orem, Salt Lake City, Clearfield, and Midway. The company was ranked #94 among independent brokerages according to the 2021 RealTrends 500.
I could not be prouder to have the iPro Realty family join our Fathom family, Utah boasts one of the country's fast-growing real estate markets, and we are pleased to be expanding our geographic presence through iPro, a company that values and strives for excellence. We are also proud to serve alongside iPro's leadership team, who shares our commitment to servant leadership as we build critical mass in existing local markets and expand into new markets across Utah. When we took Fathom public, we made a promise to strategically grow across all 50 states, and we continue to take steps to deliver on that promise."
Josh Harley, Fathom Holdings' Founder and CEO.
Our new Utah agents will have full access to Fathom's proprietary cloud-based software, intelliAgent, along with our powerful LiveBy platform, and will also benefit from having additional Fathom services to offer their clients, including mortgage, title, and insurance services, as we continue to help all our agents grow their businesses."
Samantha Giuggio, Chief Operating Officer for Fathom Realty.
iPro Realty Network generated more than $1.25 billion in residential sales volume in 2021 across more than 2,900 transactions. Like Fathom, iPro Realty Network offered a scalable, flat-fee, 100 percent commission structure.
Our agent-centric philosophy aligns very well with Fathom's servant-leadership culture, putting agents first so they can better serve their communities and clients, We are beyond thrilled to join the Fathom team and are committed to maximizing value by giving agents all the tools and resources they need to help them be more successful, from a feature-rich technology platform, to unbridled training and support, to a very attractive commission structure. It's these attributes that make Fathom a sought-after industry leader that not only helps retain agents but enables them to keep more of their hard-earned commissions, and ultimately continue to drive transactions in the Utah market."
Bill Telford, Founder of iPro Realty Network.
About Fathom Holdings Inc.
Fathom Holdings Inc. is a national, technology-driven, real estate services platform integrating residential brokerage, mortgage, title, insurance, and SaaS offerings to brokerages and agents by leveraging its proprietary cloud-based software, intelliAgent. The Company's brands include Fathom Realty, Dagley Insurance, Encompass Lending, intelliAgent, LiveBy, Real Results, and Verus Title.