Los Angeles-based Luxury Presence raised $5.4 million for its real estate marketing services

TechCrunch | January 08, 2020

Real estate is a big business in the sprawling city of Los Angeles, and new technology tools to target the industry continue to attract investor attention. The latest of these is Luxury Presence, which pitches digital marketing services to real estate agents and has raked in $5.4 million in financing to support the buildout of its services and sales teams to manage clients. Previous investors Switch Ventures  led the round, which included participation from new investors Bessemer Venture Partners  and Toba Capital,  alongside previous investors Gerald Risk, Peter Kelly, Jonathan Erlich and Blaine Vess. Our 2020 goal is to build a full digital marketing solution for real estate agents looking to build successful, lead-generating digital brands,” said Malte Kramer, the company’s chief executive, in a statement. “2019 was all about building the best real estate website platform in the sector and I’m so proud of what our team was able to accomplish. Our focus was on how to make beautiful, functional and lead-generating sites that were easily customizable to fit the agent’s needs and demands, and we did just that. According to estimates from Built in LA, there are roughly 127 companies, which have raised over $2.4 billion, active in the real estate industry in Los Angeles. These companies range from co-working startups like Knotel or WeWork to companies focused on servicing the real estate industry

Spotlight

Local Demographics provides up-to-date and meaningful insights into the population living around a location or in any defined area within the U.S. and Canada. This widget allows MLSs, brokerages, and end users to learn more about a specific location and its demographics.

The new SDK exists as an out-of-the-box solution ready for implementation that requires minimal development and design effort.

Using Local Demographics, real estate players can integrate and display information on their listing site to allow home buyers and renters to better understand the area where their property of interest is located.

Spotlight

Local Demographics provides up-to-date and meaningful insights into the population living around a location or in any defined area within the U.S. and Canada. This widget allows MLSs, brokerages, and end users to learn more about a specific location and its demographics.

The new SDK exists as an out-of-the-box solution ready for implementation that requires minimal development and design effort.

Using Local Demographics, real estate players can integrate and display information on their listing site to allow home buyers and renters to better understand the area where their property of interest is located.

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MARKET OUTLOOK, REAL ESTATE INVESTMENT

Cherre Announces New Data Submissions Portal to Streamline Data Collection and Reporting

Businesswire | May 18, 2023

Cherre, the leading real estate data integration and insights platform, today announced its new Data Submissions Portal, a product that automates and streamlines data collection and reporting. Building on Cherre’s ability to connect all client data from internal systems and third-party data vendors, the Cherre Data Submissions Portal allows customers to easily collect data from their service providers and partners (including property managers, fund administrators, and joint venture partners) and use it to power faster and smarter reporting – while retaining complete control of the process. The Cherre Data Submissions Portal solves the common challenges that investment managers and fund administrators face when collecting data from their service providers and partners. These challenges include manual mapping, validation, review, and approval; inconsistent data formats; incomplete or inaccurate data; delayed or missing reports; and a lack of transparency into submission status across providers within a cycle. The Cherre Data Submissions Portal automates and simplifies the entire data collection and reporting process, enabling customers to: Choose from Cherre’s prebuilt library of financial, operational, and ESG submission templates, or to customize their own. Manage master data mappings, including easily adding or editing the chart of account mappings. Invite service providers and partners to submit data through a secure and user-friendly interface. Validate and standardize data using Cherre’s robust library of validation rules. Manage and track submissions through a configurable review, commentary, and approval workflow. Review and approve data with one click, then access it in real time using Cherre’s asset management dashboards or export it to a downstream data warehouse or financial application. “The Cherre Data Submissions Portal gives our customers unprecedented flexibility, control, and transparency over their submission cycles,” said Yuri Andersen, Senior Product Manager at Cherre. “Investment and fund managers can now easily collect and validate data from their providers in a scalable and secure way. This solution allows them to save time and money on data management, ensure accuracy and timeliness, and focus less on data wrangling and more on reporting and decision making on their assets.” The Cherre Data Submissions Portal helps investment managers and fund administrators improve their data quality, efficiency, and transparency. By using the Cherre Data Submissions Portal, customers can: Reduce manual data collection and reporting costs. Increase data accuracy and completeness. Accelerate reporting cycles. Quickly onboard new third-party service providers and partners. Monitor and assess the performance of their service providers and partners. Enhance data-driven decision making and performance optimization across their portfolio. “With the Cherre Data Submissions Portal, we have solved a long-standing problem for investment managers and fund administrators,” said L.D. Salmanson, CEO and Co-Founder of Cherre. “Unlike manual, outsourced, or subpar solutions, our portal offers a comprehensive and seamless way to collect, validate, approve, and access data from any source, providing our clients with a full and holistic solution for all their data needs.” Thanks to the unprecedented flexibility of the portal and Cherre’s data engine, customers can ingest and map any type of real estate data including financial, operational, tenant experience, ESG, and endless other topics. About Cherre Cherre is the leader in real estate data and insight. We connect decision makers to accurate property and market information, and help them make faster, smarter decisions. By providing a unique “single source of truth,” Cherre empowers customers to evaluate opportunities and trends faster and more accurately, while saving millions of dollars in manual data collection and analytics costs. Cherre launched in 2016 and is located in New York City.

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REAL ESTATE TECHNOLOGY, MORTGAGE AND LENDING

Coviance Expands Relationship with MeridianLink to Include MeridianLink Mortgage Integration

Businesswire | May 11, 2023

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REAL ESTATE INVESTMENT, MORTGAGE AND LENDING

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PRnewswire | April 18, 2023

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