Monmouth Real Estate Announces New Acquisition In The Indianapolis, IN MSA

Monmouth Real Estate Investment Corporation | October 10, 2019

Monmouth Real Estate Investment Corporation (NYSE: MNR) today announced the acquisition of a new 615,747 square foot industrial building located at 1151 S. Graham Road, Greenwood, IN at a purchase price of $81,500,000. The property is net-leased for 15 years to Amazon.com Services, Inc., a Delaware corporation. The building is situated on approximately 78.64 acres. Michael P. Landy, President and CEO, commented, "In keeping with our commitment of owning a best-in-class, modern industrial property portfolio with vast linkages to the digital economy, we are very pleased to announce this acquisition. The Indianapolis industrial market represents one of the best locations in the U.S. and this acquisition further enhances our large presence here."

Spotlight

Using data taken from our Existing-Home Sales, Pending Home Sales, the REALTORS® Confidence Index and Foot Traffic Index, this infographic looks at what the housing market was doing in December and provides insight into the months ahead.

Spotlight

Using data taken from our Existing-Home Sales, Pending Home Sales, the REALTORS® Confidence Index and Foot Traffic Index, this infographic looks at what the housing market was doing in December and provides insight into the months ahead.

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REAL ESTATE TECHNOLOGY, REAL ESTATE INVESTMENT

Keyway Announces Acquisition of Lakeside Multifamily Property in Dallas

Keyway | November 02, 2022

Keyway, the technology platform that radically simplifies commercial real estate transactions, today announced the closing of its first multifamily acquisition in the Dallas-Fort Worth area, the 157-unit Lakeside on Spring Valley apartment community in Richardson. The complex has 15 buildings with one- and two-bedroom residences, with an average unit size of about 800 square feet. It also has two resort-style swimming pools and frontage on a private lake. Its location at 1000 W Spring Valley Road offers easy access to both Interstate 635 and Highway 75 and a quick commute to some of DFW's major employment centers in Downtown Dallas, Plano, Allen, and McKinney. The Lakeside community will be rebranded after a $3 million renovation. "We are excited to enter the Texas market with such a well-managed and well-known property. The fact that it has never traded before, coupled with the fact that the deal was transacted off market, are both a testament to how we are approaching multifamily and Texas overall. We want to be the best partner for owners and brokers who are serious about getting deals done smoothly and efficiently, and we expect this to be the first of many transactions for Keyway in the market." -Matias Recchia, Keyway co-founder and CEO Keyway dramatically simplifies CRE transactions by reducing costs by 50% and transaction time by 90%, benefiting brokers, sellers, and buyers alike. Keyway also fills an important gap for those institutional investors not structured to handle smaller deals, while at the same time providing a predictable and efficient process for every transaction. Keyway's platform is built to provide creative and efficient real estate solutions to both investors and to smaller operators, We're seeing tremendous product-market fit and are excited to continue transforming real estate with technology,said co-founder and COO Sebastian Wilner. About Keyway Keyway is the company dedicated to building the new CRE ecosystem. They identify opportunities and run transactions smoothly providing an uncommonly simple experience for sellers of commercial real estate. The company launched in 2021 and is headquartered in New York.

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MARKET OUTLOOK

Global Brokerage Berkshire Hathaway HomeServices Expands in California

Berkshire Hathaway HomeServices | October 28, 2022

Berkshire Hathaway HomeServices, a global residential real estate brokerage franchise network is pleased to announce its further expansion in the state of California, with the addition of Berkshire Hathaway HomeServices Lifestyle Properties. Located in Orange County California, the office is owned and operated by Adrian Hernandez. Hernandez has been in the real estate arena servicing clients nationwide and has reached over $200 million in sales volume. With a dynamic team of 15 agents, he brings an extensive amount of familiarity to the Southern California market. The company will service Orange County and the surrounding areas. “Part of the reason living in Orange County is popular for homebuyers is that it is right between Los Angeles and San Diego. House hunters that have hybrid work in San Diego may want to narrow their search to Dana Point, as this sun-kissed community by the ocean is just under an hour away, We look forward to providing clients with a seamless home buying or home selling experience under the iconic Berkshire Hathaway HomeServices name.” -Hernandez By joining the network, Berkshire Hathaway HomeServices Lifestyle Properties agents gain access to Berkshire Hathaway HomeServices’ active referral and relocation networks, and its “FOREVER Cloud” technology suite, a powerful source for lead generation, marketing support, social media, video production/distribution and more. The brand also provides an exclusive Luxury Collection marketing program for premier listings. Its Prestige Magazine showcases network members’ premium listings with a strong lineup of feature stories covering topics that appeal to high-end real estate clients. The pandemic created an overheated real estate market in the past two years, Adrian and his team have proven their resilience and dedication as successful industry professionals and we are thrilled to welcome them to the brand,said Christy Budnick, CEO, Berkshire Hathaway HomeServices. The company will be celebrating its grand opening with a cocktail event on December 7th. In attendance include the brand’s chairman, Gino Blefari, the Chamber of Commerce, and local industry colleagues. Gino Blefari, chairman of Berkshire Hathaway HomeServices, welcomed Berkshire Hathaway HomeServices Lifestyle Properties to the network. Adrian, together with his talented agents and staff, has built an exceptional brokerage and demonstrated a longstanding commitment to providing exceptional service to their buyers and sellers, We are committed to their continued growth and success, and we are proud to welcome them to the Berkshire Hathaway HomeServices global network,said Blefari. About Berkshire Hathaway HomeServices Lifestyle Properties Berkshire Hathaway HomeServices Lifestyle Properties is a member of the Berkshire Hathaway HomeServices global residential real estate brokerage franchise network, assisting clients in Orange County California and surrounding areas. With its extensive market knowledge in commercial and residential transactions, it assists its clients in every step to guarantee a smooth and simple transition. About Berkshire Hathaway HomeServices Berkshire Hathaway HomeServices is a global residential real estate network with more than 50,000 real estate professionals and nearly 1,500 offices across 11 countries including, the U.S., Canada, Mexico, Europe, the Middle East, The Bahamas, and India. In 2021, the Berkshire Hathaway HomeServices global network represented more than $179.9 billion (USD) in real estate sales volume. The network, among the few organizations entrusted to use the world-renowned Berkshire Hathaway name, brings to the real estate market a definitive mark of trust, integrity, stability, and longevity.

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BUYING/SELLING

Own Up and Realtor.com® Join Forces to Streamline the Home Buying Process

Own Up and Realtor.com | September 01, 2022

Own Up, a digital mortgage shopping service, today announced a commercial relationship with Realtor.com, a real estate marketplace operated by News Corp’s subsidiary, Move, Inc. Own Up and Realtor.com are mission-aligned companies, both aiming to improve the home buying process for Americans looking to close on their dream homes. Alongside this new collaboration, Own Up closed a $25M round of funding, led by Brand Foundry Ventures. Realtor.com is among the investors participating in the funding round, which also saw return participation from past investors, Link Ventures and Listen Ventures. The injection of capital will allow Own Up to continue to build out its innovative technology platform, expand its novel shopping experience and product offerings, and invest in the Company’s people and culture. Own Up and Realtor.com’s relationship will give users direct access to Own Up’s mortgage shopping service, including personalized loan offers from its exclusive lender marketplace and real-time advice from the industry’s only mortgage shopping concierge. The integration with Realtor.com will allow homebuyers to gather detailed information about their home financing options as they search listings and find real estate agents. The housing market has been increasingly challenging for buyers over the past 12 months, with low inventory, rising prices, higher mortgage interest rates, and high-stakes bidding wars. That has caused heightened stress and anxiety for hopeful buyers, an issue Own Up and Realtor.com hope to work together to address. “From day one, our singular goal was to be a champion for the consumer and bring greater transparency to the home buying process. As the mortgage industry continues to see changes at a rapid clip, it’s crucial that consumers are armed with the right information to make the best financial decisions, Realtor.com plays an essential role in the home search process for so many Americans and now we’ll be able to provide mortgage education and tools to comparison shop, boosting buyer confidence as they move through the process.” -Patrick Boyaggi, CEO and co-founder of Own Up Own Up’s team brings deep mortgage expertise to the Realtor.com online experience, This relationship is a natural fit; together we’re able to expand upon our shared goal of helping Americans find and close on their dream homes,said Realtor.com CFO Bryan Charap. The housing market is at an inflection point, marked by a lack of inventory and a historic rise in interest rates, and Own Up is uniquely positioned to help consumers navigate one of the most tumultuous components, This next phase of growth will further cement Own Up’s position as the mortgage shopping experts, ensuring no borrower overpays on their mortgage. At this time of inflation and a pending recession, cost-savings has never been more important,said Brian Spaly, General Partner at Brand Foundry Ventures. About Own Up Founded in 2016, Own Up is changing the way Americans shop for and secure mortgages, injecting transparency into an opaque process and empowering consumers to make smart financial decisions with the help of intelligent technology and real human advisors. About Realtor.com® Realtor.com® is an open real estate marketplace built for everyone. Realtor.com® pioneered the world of digital real estate more than 25 years ago. Today, through its website and mobile apps, Realtor.com® is a trusted guide for consumers, empowering more people to find their way home by breaking down barriers, helping them make the right connections, and creating confidence through expert insights and guidance. For professionals, Realtor.com® is a trusted partner for business growth, offering consumer connections and branding solutions that help them succeed in today’s on-demand world. Realtor.com® is operated by News Corp subsidiary Move, Inc.

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