Mortgage Rates in U.S. Begin Uptick in Mid March

WORLD PROPERTY JOURNAL | March 13, 2020

Mortgage Rates in U.S. Begin Uptick in Mid March
According to Freddie Mac's latest Primary Mortgage Market Survey, the 30-year fixed-rate mortgage averaged 3.36 percent in early March 2020. As refinance applications continue to surge and lenders work to manage capacity, the 30-year fixed-rate mortgage ticked up from last week's all-time low, said Sam Khater, Freddie Mac's Chief Economist. "Mortgage rates remain at extraordinary levels and many homeowners are smartly weighing their options to refinance, potentially saving themselves money.

Spotlight

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INVESTMENTS

Berkshire Hathaway HomeServices Welcomes Berkshire Hathaway HomeServices Brick & Mortar Real Estate to Brokerage Network

Berkshire Hathaway HomeServices | August 24, 2021

Berkshire Hathaway HomeServices, a global residential real estate brokerage franchise network, is delighted to welcome Berkshire Hathaway HomeServices Brick & Mortar Real Estate to its global network. The addition marks the brand's continued growth in the state of Washington and the 11th company in the state. “We are proud to have Berkshire Hathaway HomeServices Brick & Mortar Real Estate carry the brand into new markets in Washington.” Owned and operated by Gina and Mike Styler, the firm is located in Ellensburg, Washington and brings 12 combined years of experience serving the Kittitas Valley and the surrounding regions. Gina Styler was named the #1 Lower County Real Estate Agent in 2021 and earned the title voted by the public of “Best Real Estate Agent of the County for 2020.” “After years of building a successful real estate career, it was time to align with a global brand like Berkshire Hathaway HomeServices, to take the brokerage to the next level,” said Gina Styler, Owner of Berkshire Hathaway HomeServices Brick & Mortar Real Estate. “We look forward to building our legacy and elevating the real estate experience for our clients.” By joining, Berkshire Hathaway HomeServices Brick & Mortar Real Estate 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. Berkshire Hathaway HomeServices has aligned with best-in-class technology platforms to deliver world-class support to its network members far into the future. “Ellensburg is known for its thriving art and culture community, supported by downtown organizations and the local University,” said Gino Blefari, Chairman of Berkshire Hathaway HomeServices. “We are proud to have Berkshire Hathaway HomeServices Brick & Mortar Real Estate carry the brand into new markets in Washington.” Berkshire Hathaway HomeServices Brick & Mortar Real Estate will also have full access to the recently unveiled, Real Estate I.Q. System. The System combines the Berkshire Hathaway HomeServices brand, marketing resources and technology with continuing education, training, mentoring, and consulting. The brand also provides global listing syndication, professional training and ongoing education and the 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. “As the most centrally located town in Washington state, Ellensburg offers the best of two worlds, small-town charm and a big-city feeling and we can’t wait to build our legacy here under the Berkshire Hathaway HomeServices brand,” said Mike Styler, Owner, Berkshire Hathaway HomeServices Brick & Mortar Real Estate. “We look forward to fulfilling our customer's needs in the residential, commercial, new construction and luxury real estate areas.” About Berkshire Hathaway HomeServices Brick & Mortar Real Estate Berkshire Hathaway HomeServices Brick & Mortar Real Estate is a real estate brokerage in the State of Washington. Offering high-end services and experience to clients through an intentional working environment. Bringing together a group of skilled, passionate, and supportive individuals who are empowered by the brokerage and deliver an exceptional level of service. About Berkshire Hathaway HomeServices Berkshire Hathaway HomeServices is a global residential real estate brokerage franchise network with more than 50,000 real estate professionals and nearly 1,500 offices throughout the U.S., Canada, Mexico, Europe, the Middle East and India. In 2020, the Berkshire Hathaway HomeServices global network represented more than $138 billion 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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REAL ESTATE TECHNOLOGY

The first closure of its new USD 500 million office development platform was announced by Godrej Fund Management

prnewswire | January 18, 2021

Godrej Fund Management ("GFM"), the land private value arm of the Godrej Group, declares the First Close of its USD 500 million office improvement stage, GBTC II in association with Netherlands based APG Asset Management N.V. ("APG"), the foundation financial specialist in the stage. Under this program, GFM will be able to create Class-An office resources that will be esteemed in abundance of USD 1.5 billion (~INR 11,000 crore) on finishing and the all out estimation of office resources including those from past assets will take the portfolio esteem on fruition to over USD 3 billion (~INR 22,000 crore). GFM has completely contributed the recently raised capital under GBTC I and Godrej Office Fund I. GBTC is a 'club-style' office speculation system that puts resources into creating top notch places of business in ideal spots across the main office markets in India. The stage as of now has a solid venture pipeline and means to convey the recently raised capital inside a year. This is the third India centered office adventure and fifth by and large, supported by GFM. Mr. Karan Bolaria, Managing Director & CEO, Godrej Fund Management, said, "We are pleased to partner with APG on our second build to core platform. Our Group has strong conviction in India's premium office sector and we believe the current dislocation in markets provides attractive capital deployment opportunities. The addition of this platform brings significant scale to our overall strategy and will open up strategic avenues for value maximization in the future." Mr. Graeme Torre, Managing Director, APG Asset Management Asia, said, "We are looking forward to another successful partnership with Godrej. The build-to-core strategy for Indian offices aligns very well with our broader investment aspirations for our pension fund clients and our desire to invest alongside partners who offer best-in-class execution capabilities." About Godrej Fund Management Godrej Fund Management, based in Singapore, is the real estate private equity arm of the Godrej Group. GFM brings the Godrej Group's philosophy of good governance, innovation, sustainability and excellence to the real estate private equity space. It seeks to provide strong risk adjusted returns to its partners through the strategic combination of world class investment management and development management capabilities. About APG Every day APG is busy with something that already concerns millions of Dutch people and one day will concern millions more: pensions. APG strives to provide a good pension in a livable world for all participants, employers and pension funds. Together we work on a sustainable future in which we do not only look at prosperity, but also at well-being. Because pensions are about people, life and how we live together. So that we, our parents, and our children can enjoy a good income. Today, tomorrow, and beyond. As the largest pension provider in the Netherlands APG looks after the pensions of 4.7 million participants. APG provides executive consultancy, asset management, pension administration, pension communication and employer services. We work for pension funds and employers in the sectors of education, government, construction, cleaning, housing associations, sheltered employment organizations, medical specialists, and architects. APG manages approximately €560 billion (November 2020) in pension assets. With approximately 3,000 employees we work from Heerlen, Amsterdam, Brussels, New York, Hong Kong, Shanghai and Beijing.

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REAL ESTATE INVESTMENT

Venterra Realty Acquires Houston Multi-Family Community

Venterra Realty | January 11, 2022

Venterra Realty acquired Stoneridge on the 8, formerly Advenir at Stone Park, in Houston, TX. The 480-unit, three-story multifamily community was built in two separate phases in 2004 and 2007. Located along Beltway 8 in Houston, Stoneridge offers excellent connectivity to its residents, within 1.5 miles of two other major highways, Interstate-10 and Highway 90. The Port of Houston, about 6 miles from the property, is one of the leading employment drivers in the Houston Metro area and serves as the epicenter of the petrochemical industry in the U.S. The property provides renters with an extensive amenity package, including two resort-inspired swimming pools, an around-the-clock fitness center, a resident game room, detached garages, additional covered parking and bark parks for small and large pets. The community offers modern finishes with black or stainless-steel appliances, oversized closets, garden tubs, double sink vanities, and private patios or balconies perfect for enjoying neighborhood views. Houston is one of the fast-growing metropolitan areas in the United States, with its population growing 20.3% from 2010 to 2020 ranking top three nationwide. So Stoneridge on the 8 is naturally a valuable investment to be added to the growing Venterra portfolio in this top-performing market." Venterra Realty Chairman, Andrew Stewart. Venterra will implement its resident-focused programs such as the Live it. Love it. Guarantee.TM, the 48-Hour Maintenance Guarantee, SMARTLEASING, as well as their overall commitment to providing a world-class living experience for which Venterra has become known. Houston is our headquarters and the city that housed the first properties Venterra managed over 20 years ago. We have seen first-hand the growth potential for this area of the country and are excited to expand our portfolio in a city we are confident will provide great return on investments, This property in particular offers significant opportunity and will benefit substantially from the completion of a unit upgrade program, the addition of the SMARTHOME technology package, and the deployment of Venterra's customer-focused management platform." John Foresi, CEO of Venterra Realty. About Venterra: Founded in 2001, Venterra Realty owns and manages approximately 70 communities and more than 20,000 apartment units across 13 major US cities that provide housing to over 40,000 people and 12,000 pets. The organization has completed $7.2 billion in real estate transactions and currently manages a portfolio of multi-family real estate assets valued at approximately $4.0 billion. Venterra is committed to improving the lives of its residents by delivering industry-leading customer experience.

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Spotlight

For investors seeking to diversify a traditional equity and fixed income portfolio and reduce exposure to market volatility, the CBRE Clarion Long/Short Fund may offer the following benefits:Attractive Historical Risk-Adjusted Returns With a 14-year track record, CBRE Clarion Long/Short Fund has historically delivered attractive risk-adjusted returns across a wide spectrum of stock market environments.