Manhattan pending home sales surge as prices drop to 2015 level, StreetEasy report says

StreetEasy | May 23, 2019

Pending home sales in Manhattan spiked 27% in April from a year ago, reaching the highest level of signed contracts since the spring of 2015, as property prices in America’s costliest urban neighborhood dropped, according to StreetEasy. After New Yorkers snapped up properties, the inventory of homes declined 10% in April compared to a year ago. The StreetEasy Manhattan Price Index fell 5.2% from last April — down by $60,096 to $1.1 million, the lowest level since May 2015.

Spotlight

Drive out today to see this large and easy to build-on corner lot, with multiple building site options. You'll be just minutes to Jefferson Lake and Fairplay, 1 hour to Breckenridge and 1.5 hours to downtown Denver. Electricity and phone are available, and you don't need a 4x4 to get to this peaceful lot with gorgeous mountain views. Lot is Michigan Hill Filing #2, lot 196.

Spotlight

Drive out today to see this large and easy to build-on corner lot, with multiple building site options. You'll be just minutes to Jefferson Lake and Fairplay, 1 hour to Breckenridge and 1.5 hours to downtown Denver. Electricity and phone are available, and you don't need a 4x4 to get to this peaceful lot with gorgeous mountain views. Lot is Michigan Hill Filing #2, lot 196.

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INVESTMENTS

Embrey Management Services (EMS) Selected To Manage Lenox Crown in Garland, Texas

Embrey | January 19, 2022

The award-winning and nationally recognized Embrey Management Services (EMS) has been selected to provide multifamily residential services for Lenox Crown in Garland, Texas, a premier suburban market of Dallas. The 435-unit community, just outside the I-635 loop, northeast of Dallas, is within close proximity to recreational activities on Lake Ray Hubbard, a wide range of shopping and entertainment, including The Firewheel Town Center, and the high-performing Garland Independent School District. Embrey Management Services has a reputation for delivering exceptional living experiences for residents." Josh Kogel, Vice President for The Praedium Group. Designed to support the active lifestyle and high expectation of its residents, the one-, two-, and three-bedroom apartments feature wood-style flooring and blinds, inviting kitchens with quartz countertops and stainless steel appliances, walk-in closets, deep- soaking bathtubs and walk-in showers. Community amenities include a resort-style pool with sundeck, poolside cabanas, an outdoor kitchen and fire pits, a state-of-the-art fitness center with yoga room, a business center and conference room, carports, garages and electric car charging stations, and a pet park and spa. Embrey Management Services is pleased to partner with The Praedium Group and continue to grow our partnership in showcasing their premier communities, Embrey is known for attention to detail and we look forward to creating the experience of home for residents of Lenox Crown." Allyson McKay, Managing Director and Executive Vice President of Embrey Management Services. About Embrey   San Antonio-based Embrey Partners LLC is a diversified real estate investment company that owns, develops, builds, acquires, and manages multifamily residential communities and commercial assets in targeted markets across the United States. Since 1974, Embrey has developed nearly 43,000 apartments and more than 6 million square feet of commercial property. Embrey is a leading developer in the multifamily sector with more than 4,000 units under construction.

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REAL ESTATE TECHNOLOGY

letus Announces Strategic Partnership with MRI Software to Expand Flexible Rent to Commercial and Residential Real Estate

letus (previously RentMoola) | June 02, 2022

Furthering efforts to help renters balance their paychecks and landlords to collect rent on time, letus (previously RentMoola), an award-winning FinTech platform, announces its partnership with MRI Software, a global leader in real estate technology. The partnership enables commercial and residential real estate companies to streamline the payments process and offer an innovative, flexible payment experience for customers. MRI's partnership with letus will give our Canadian community of renters and landlords easier access to a world-class payments platform. The integration will enable flexible payments, which can be a key differentiator in today's market." Sean Slack, VP of Partner Connect at MRI letus integrates with MRI LivingTM residential management suite and MRI @WorkTM commercial management suite of products to improve the payment experience by reducing manual entry to increase reliability and security. MRI clients now enjoy enhanced experiences through: Streamlined experience with MRI Resident Connect and Tenant Connect Real-time transaction reconciliation Flexible payments and credit reporting to increase credit scores Automated SMS messaging and payments via TXT2PAY Auto-schedule synchronizations The partnership is a step forward in delivering comprehensive and simple solutions that empower landlords to get real-time transaction information while providing flexible payment solutions to customers. Now, MRI clients can access more payment options, financial tools, enhanced communication, and more. "Modern property management requires real-time management," shares Karthik Manimozhi, CEO of letus. "This integration brings ultimate convenience to landlords, providing them automation and data-driven insight to provide value to their tenants." About letus A disruptive cloud platform offering flexible rent payments with credit reporting that empowers renters to better balance their paychecks while landlords achieve predictable and scalable on-time revenue streams. letus has processed $2Billion transactions with 2Million+ individual transactions. About MRI Software A leading provider of real estate software solutions that transform the way communities live, work and play. MRI's open and connected, AI-first platform empowers owners, operators and occupiers in commercial and residential property organizations to innovate in rapidly changing markets. MRI has been a trailblazer in the PropTech industry for over five decades, serving more than two million users worldwide. Through innovative solutions and a rich partner ecosystem, MRI gives real estate companies the freedom to realize their vision of building thriving communities and stronger businesses.

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REAL ESTATE TECHNOLOGY

Black Knight Announces Strategic Alliance With Percy to Provide an Advanced Client Engagement Solution

Black Knight | June 01, 2022

Black Knight, Inc., an award-winning software, data and analytics company that drives innovation across the real estate and mortgage continuum, announced a strategic alliance with Nashville-based Percy – formerly known as Buyside – a data analytics and marketing company that collects and analyzes real estate consumer behavior using machine learning and artificial intelligence. The alliance will allow Black Knight to offer clients a new, advanced consumer engagement solution fueled by billions of behavioral datapoints that helps real estate professionals and lenders cultivate deeper customer relationships. Using proprietary machine learning to monitor homeowner behavior "signals" through custom landing pages with engaging content (e.g., property valuations, local buyer demand and market activity, monthly email reports, listing activity on client websites, etc.), Percy helps identify the precise timing that a homeowner is likely to transact. Percy's predecessor was launched to help brokerages match buyers to listings, but in the time since, it's evolved into an ecosystem that spans mortgages as well as real estate, across both the buy and sell sides of the real estate equation. Today, Percy analyzes billions of pre-buying as well as pre-selling signals in real estate consumers' behavior to empower loan officers, real estate agents and brokers with actionable intelligence." Charles Williams, Percy founder and chief executive officer The application creates an engaging experience for home buyers and potential sellers through a personalized digest of insights related to their homes. Providing multiple valuation estimates to increase accuracy, timely and current home equity statements, refinance opportunities and more helps build trust and cultivate deeper, richer customer relationships. "Today's housing market is categorized by record-low inventory and record-high home prices, which – together with sharply rising rates – continue to put downward pressure on purchase lending," said Black Knight Data & Analytics President Ben Graboske. "As everyone in our industry is aware, generating inventory is key to lessening affordability pressures as well as keeping lender and real estate agent pipelines full. This strategic alliance with Percy will allow our clients across real estate and mortgage to use an AI-powered, big-data-fueled approach to intelligently engage with those customers, to build business while also generating inventory." About Black Knight Black Knight, Inc. is an award-winning software, data and analytics company that drives innovation in the mortgage lending and servicing and real estate industries, as well as the capital and secondary markets. Businesses leverage our robust, integrated solutions across the entire homeownership life cycle to help retain existing customers, gain new customers, mitigate risk and operate more effectively. Our clients rely on our proven, comprehensive, scalable products and our unwavering commitment to delivering superior client support to achieve their strategic goals and better serve their customers. About Percy Percy.ai is a data analytics and marketing company delivering more revenue opportunities to real estate brokers and mortgage companies by collecting and analyzing real estate consumer behavior. We use proprietary machine learning and Artificial Intelligence to better understand consumer intent and help companies target the right person at the right time.

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