NAR report on franchises shows Keller Williams is largest brand

National Association of Realtors | September 25, 2019

The number of real estate brokerages affiliated with a franchise brand dropped to 11% this year from 13% two years ago, according to a report from the National Association of Realtors. That study, based on a poll of NARs 1.2 million members who are known by the trademarked term Realtors, also saw a drop in the share of individuals associated with a franchise. About 42% of respondents said they were affiliated with a franchise, down from 43% two years ago. The report covered 28 franchise brands, including Century 21, Coldwell Banker, Berkshire Hathaway HomeServices, and ERA.

Spotlight

The American health care system has recently received a great deal of attention as the U.S. government attempts to overhaul America’s costly and outdated health care infrastructure. When you consider the United States spends over $2 trillion on health care annually, which will continue to steadily rise with a rapidly aging U.S. population and a growing number of underinsured or uninsured, few would argue that health care reform, on some level, is necessary. One key way to drive costs out of the health care system is by computerizing or "modernizing" the sector's medical records system, which is a key part of President Obama's health care reform proposal

Spotlight

The American health care system has recently received a great deal of attention as the U.S. government attempts to overhaul America’s costly and outdated health care infrastructure. When you consider the United States spends over $2 trillion on health care annually, which will continue to steadily rise with a rapidly aging U.S. population and a growing number of underinsured or uninsured, few would argue that health care reform, on some level, is necessary. One key way to drive costs out of the health care system is by computerizing or "modernizing" the sector's medical records system, which is a key part of President Obama's health care reform proposal

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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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REAL ESTATE INVESTMENT

Texas-Based Real Estate Investment Group Acquires 3 Large Multifamily Assets in San Antonio, Texas

DJE Texas Management Group | June 14, 2022

DJE Texas Management Group (DJE), a vertically integrated real estate investment and management company based in San Antonio, has closed on The DJE North Portfolio. The North Portfolio contains 600 apartment units throughout three apartment communities in North Central San Antonio. The properties are located at 12221 Blanco Road 7302 University Row 8631 Fairhaven Street The three properties are conveniently located within 15 minutes of each other and are situated ideally amongst DJE's other multifamily properties in the same submarket. DJE Properties, will manage the asset and execute a $5.2M value add business plan that includes a rebrand, property renovations, and operational improvements. Renovations will include the addition of washer/dryer units, amenity upgrades in all units, exterior community building and swimming pool upgrades. This multi-property renovation project will not only enhance the communities in which they are located, but it will also help to meet the city's growing need for quality housing." Devin Elder, Founder, and CEO of DJE Texas Management Group The majority of property improvements are expected to be completed by the end of 2023. To date, the organization has invested in over 5,000 apartment units across 17 multifamily real estate assets. and continues to expand its portfolio. DJE Texas Management Group holds firm to its core values and strives to create passive investment strategies where everyone involved wins. About Devin Elder and DJE Texas Management Group Devin Elder is Founder & CEO of DJE Texas Management Group, a vertically integrated multifamily investment firm based in San Antonio, Texas. Since 2012, the firm has completed hundreds of successful investment projects including many full-cycle multifamily investments. Devin has led his team in the renovation projects that have improved over 5,000 multifamily units. He is a helicopter pilot, a podcast host, and the owner of a real estate consulting firm, and he spearheads the DJE Foundation supporting disadvantaged children in Texas and the Philippines.

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REAL ESTATE INVESTMENT

Seefried Properties and Clarion Partners Acquire Land and Announce Plans for 969,620 Square Foot Distribution Center in Buford

Seefried Industrial Properties | June 10, 2022

Seefried Properties, a national real estate firm specializing in the development, leasing and management of industrial properties, along with capital partner and leading real estate investment manager Clarion Partners, LLC., have recently acquired an 80-acre site for the development of a 969,620-square-foot Class A logistics center known as Buford North Distribution Center. Located in the dynamic northeast Atlanta submarket along Interstate 985 in Hall County, GA., construction on the first phase of development is expected to begin in August 2022 with completion during the fourth quarter of 2023. Buford North Distribution Center will include 969,620-square-feet of logistics space across three buildings featuring flexible designs to accommodate multiple tenants with varying size requirements. Phase two of the project is scheduled to begin construction in the third quarter of 2023 and will include 434,320-square-feet of space across two buildings. Features of all three buildings will include 185' deep concrete exterior truck courts, 36' clear heights, ample parking, and ESFR sprinklers. Seefried and Clarion Partners are very excited about this new project in Northeast Atlanta. The location of Buford North at Interstate 985 and Friendship Road is square in the middle of one of the most desired locations for businesses and distributors in metro Atlanta and the Southeast." Doug Smith, Senior Vice President of Seefried The Civil Engineer on the project is Eberly & Associates; the Architect is Atlas Architecture. Leasing efforts for the project will be led by the Seefried leasing team comprised of Joseph Kriss, Tripp Ausband and Doug Smith. Buford North Distribution Center is located approximately 40 miles northeast of Atlanta. The location will afford tenants easy access to I-85 as well as Metro Atlanta and other nearby states. About Seefried Industrial Properties Founded in 1984 by Ferdinand Seefried, Seefried Industrial Properties specializes in the development, leasing and management of industrial real estate in key markets across the U.S. Seefried leases and manages approximately 40 million square feet for its institutional and European clients and has developed, or is in the process of developing, approximately 190 million square feet of space valued in excess of $17 billion across 120+ markets. Based in Atlanta, the firm has regional offices in Dallas, Chicago, Los Angeles, and Phoenix. About Clarion Partners Clarion Partners, LLC, has been a leading real estate investment manager for 40 years. Headquartered in New York, the firm maintains strategically located offices across the United States and Europe. With $75.9 billion in total real estate and debt assets under management, Clarion Partners offers a broad range of real estate strategies across the risk/return spectrum to 500 institutional investors across the globe. Clarion is scaled in all major property types and was an early entrant into the Industrial sector. The Firm's global industrial team manages a 900+ property portfolio in the U.S. and Europe consisting of more than 206 million square feet.

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