Microsoft and Samsung collaborate to transform real estate and property management industries

Samsung Electronics Co., Ltd. | July 14, 2020

Samsung Electronics Co. and Microsoft Corp. today announced a global collaboration focused on digitally transforming the real estate development and property management industries. This collaboration, combining smart appliances and digital cloud technologies, aims at helping to drive improved building operations and maintenance, along with creating better experiences for both service technicians and residents.

Spotlight

In Altos de Viña II you will find 3 models of 3 and 4 bedrooms, is located in the traditional Viña del Mar Alto neighborhood, in the city Garden.

Spotlight

In Altos de Viña II you will find 3 models of 3 and 4 bedrooms, is located in the traditional Viña del Mar Alto neighborhood, in the city Garden.

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REAL ESTATE INVESTMENT

Bascom Group Wraps Up the Year, Acquiring a 320-Unit Multifamily Acquisition in Florida

Bascom Group | December 28, 2021

The Bascom Group, LLC ("Bascom") has acquired a 320-unit apartment community within the Orlando MSA in Florida. The property, Enclave at Lake Ellenor ("Enclave"), was acquired for $68,500,000 or $214,063 per unit through a partnership with East Hill Capital's Duff Bedrosian and Leste Group, a Miami based investment manager. Enclave is the second property acquired by Bascom in partnership with East Hill Capital and Leste Group. Starwood Property Trust provided the debt financing for the acquisition and was arranged by Charles Foschini, Christopher Apone, Shannon Wilson, and Scott Wadler of Berkadia. SD Cap will provide renovation management and Cushman and Wakefield will provide the property management. Enclave at Lake Ellenor was a unique opportunity to acquire a centrally located, ultra-low-density property with significant unrealized renovation potential in the rapidly growing Orlando market. Enclave is perfectly positioned within reach of business hubs, world-class attractions, and educational centers. Orlando benefits from a diverse and well-educated workforce, business-friendly government, and competitive tax climate, making the city an ideal location for businesses." Bascom's Senior Vice President & Principal, Jim Singleton. Enclave at Lake Ellenor is located in Orlando, an area experiencing substantial growth due to Florida's rapidly growing economy. The property's proximity to major roads, such as Interstate 4 and the Florida Turnpike, allows convenient access to retail, entertainment, dining, and major employment centers throughout the Orlando metro. Bascom plans to renovate the units while presenting a significant discount to the price point of new construction. Aside from unit renovations, Bascom will enhance property exteriors and implement amenity additions, while improving operational efficiencies and strengthening their presence in the Florida market. Orlando's affordable, low-density housing, pro-business environment, no state taxes, and tourist rebound since the pandemic have established the MSA as one of the most resilient apartment markets in the country. Enclave at Lake Ellenor is extremely well-positioned for the team to implement institutional management and execute a strategic renovation plan. Bascom will renovate unit interiors with new appliances, countertops, backsplash, cabinetry work, as well as plumbing and light fixtures. In addition, Bascom will modernize the clubhouse, fitness center, and pool areas. As the Orlando economy continues to rebound from the effects of the pandemic, in-migration trends are projected to persist, making this a great opportunity for us." Bascom's Senior Vice President of Operations, Tony Ferrell. About Bascom Bascom is a private equity firm specializing in value-added multifamily, commercial, and non-performing loans and real estate related investments and operating companies. Bascom sources value-added and distressed properties including many through foreclosure, bankruptcy, or short sales and repositions them by adding extensive capital improvements, improving revenue, and reducing expenses by realizing operational efficiencies through implementation of institutional-quality property management. Bascom, founded by principals Jerry Fink, David Kim, and Derek Chen, is one of the most active and seasoned buyers and operators of apartment communities in the U.S. Since 1996, Bascom has completed over $20.4 billion in multifamily value-added transactions encompassing 347 multifamily properties and over 89,600 units. Bascom has ranked among the top 50 multifamily owners in the U.S. Bascom's subsidiaries and joint ventures include the Bascom Value Added Apartment Investors, Shubin Nadal Associates, Spirit Bascom Ventures, REDA Bascom Ventures, Bascom Northwest Ventures, Bascom Arizona Ventures, Harbor Associates, Village Partners Ventures, and the Realm Group. About Leste Group Founded in 2014, Leste Group is a global independent alternative investment manager guided by core values of respect, creativity, and teamwork. The firm offers investors a diverse range of strategies across real estate, credit, venture, liquid markets and other alternative asset classes. Leste Group's investment teams leverage institutional-grade processes, a nimble, entrepreneurial approach, capital markets expertise, and exclusive networks to source unique opportunities and drive consistent risk-adjusted returns.

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REAL ESTATE TECHNOLOGY

KKR Grows First Investment Real Estate Industrial Portfolio in Leigh Valley Market in Pennsylvania

businesswire | December 15, 2020

KKR, a main worldwide speculation firm, today declared the obtaining of a 600,000 square foot mechanical dispersion property in Hamburg, Pennsylvania. The property is the principal procurement by KKR's land business in the Lehigh Valley market. The resource is a best in class satisfaction focus finished in 2020, which is found only minutes from Allentown and offers superb network to New York and the more extensive Tri-State zone inside a two hour drive. The property was 100% rented at procurement to excellent occupant on a drawn out premise. KKR procured the resource from the engineer, the Keith Corporation. “We are excited to expand our broader industrial footprint with our first acquisition in the Lehigh Valley market,” 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 system. Across its assets, KKR now possesses more than 31 million square feet of mechanical property in essential areas across significant metropolitan regions in the U.S. Since dispatching a devoted land stage in 2011, KKR has developed land AUM 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 devoted venture experts, spreading over both the value and credit organizations. About KKR 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. For additional information about KKR

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BROKERAGE

Lone Wolf acquires Propertybase to complete real estate's ultimate technology platform for agents and brokers

Lone Wolf Technologies | August 26, 2021

Lone Wolf Technologies is thrilled to announce it has acquired Propertybase. The acquisition rounds out Lone Wolf's unrivaled end-to-end technology with websites, lead generation tools, and enterprise-class CRM, enabling the company to deliver real estate's only complete technology platform for both agents and brokers. "Lone Wolf and Propertybase have been on parallel tracks for years. We thought it was time our paths crossed," said Jimmy Kelly, CEO and President of Lone Wolf. "Propertybase is known for its incredible CRM and real estate websites, while Lone Wolf has long led the industry in transaction and back-office management. Our customers want—and need—these essential solutions to work together, so they can run their entire business in one place. This acquisition brings these leading products together and puts our combined team in position to deliver the ultimate unified technology platform for the real estate world." Propertybase is the leading global provider of real estate websites, CRM, and lead generation software, serving 4,500 businesses and 250,000 users in over 80 countries. The company's flagship solutions include BoldLeads, a lead generation tool and service for agents and teams; Propertybase GO, a CRM and website solution for brokerages and teams; Propertybase Salesforce Edition, an enterprise-class real estate CRM solution built on Salesforce and available worldwide; and Unify, CRM software for mortgage professionals. These solutions add complementary front office tools to Lone Wolf's product portfolio, providing complete technology coverage from lead to listing to close for both agents and brokers. "Joining forces with Lone Wolf is an exciting milestone for Propertybase and its customers," said Vance Loiselle, CEO of Propertybase. "Combining the power of Propertybase's innovative website, CRM, and marketing solutions with the unequaled capabilities of Lone Wolf's offerings will further allow real estate professionals to thrive using technology in a rapidly evolving industry." Lone Wolf has acquired five top technology companies in the past nine months: W+R Studios, LionDesk, HomeSpotter, Terradatum, and Propertybase. With these additions, Lone Wolf's expanded end-to-end technology now includes solutions for marketing, CRM, CMA, transaction management, eSignature, brokerage operations, insights and analytics, talent management, as well as ancillary tools and services. The company's focus is to now create an intuitive flow of data and identity across these solutions and connect several critical real estate processes for agents and brokers. Lone Wolf is also expanding its investment in artificial intelligence (AI) and machine-learning to produce unparalleled time-savings, transparency, and insights throughout each of these processes. The result will be a unified platform that empowers agents and brokers in a digital era, one that provides consumers with a modern real estate experience that can only come from a professional. "We want to simplify real estate but not in a way that takes people out of the business," said Chris Egan, Chief Strategy Officer of Lone Wolf. "Our goal is to bring the time-honored tenets of the real estate world into the present with a modern, innovative, and connected technology platform that makes it simpler for people—and the professionals who help them to buy and sell homes. Serving over 1.5 million agents, 15,000 brokerages, 1,000 MLSs and associations in North America, boasting nearly 650 employees with hundreds of cumulative years of experience, and offering the most trusted solutions in the industry involved in over 75% of all real estate transactions in the U.S. and Canada, Lone Wolf is the only company with the reach, size, and technology that can make this happen." About Lone Wolf Technologies Lone Wolf Technologies is the North American leader in residential real estate software, serving over 1.5 million real estate professionals across Canada and the U.S. With cloud solutions for agents, brokers, franchises, MLSs and associations alike, the company provides the entire real estate industry with the tools they need to amaze clients, build their business, and improve profits from transactions to back office, insights, and more, all in one place. Lone Wolf's offices are located in Cambridge, ON, Minneapolis, MN, and Dallas, TX.

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