REAL ESTATE TECHNOLOGY

New build sales in the Denver Metro Area remain strong, Says Usaj Realty

prnewswire | December 03, 2020

The Lowry area's Interlude at Boulevard One has only four townhomes remaining, demonstrating Denver inhabitants are investigating more roomy neighborhoods only minutes from downtown.

Intermission at Boulevard One highlights three one of a kind floorplans going from three to four rooms, three and a half washrooms, a joined two-vehicle carport, kitchens that incorporate huge islands and sufficient cupboard space, and broad rooftop decks with exceptional mountain and downtown perspectives. The Interlude at Boulevard One are presently 60% sold and remain the most striking extravagance townhome new forms in Lowry.

When a U.S. Aviation based armed forces Base, the neighborhood of Lowry has been rejuvenated into one of Denver's generally energetic and dynamic areas. Lowry is known for its more than 800 sections of land of open and green spaces, including Great Lawn Park, Lowry Dog Park and Crescent Park. Lowry sports complex offers lakeside tennis and ball courts and soccer, baseball and softball fields. Lowry Town Center has many stores from neighborhood workmanship and plan exhibitions to eateries and an outside lager garden. Close by, the Lowry's Exchange at Boulevard One will highlight a Target, Mod Pizza, Chase Bank, Sushi Ronin, Logan Coffee House and that's just the beginning.

Spotlight

In this month’s video, Bryan covers the typical metrics and covers what to expect as we approach the holiday season.

Spotlight

In this month’s video, Bryan covers the typical metrics and covers what to expect as we approach the holiday season.

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REAL ESTATE TECHNOLOGY

Ira Zlotowitz Revolutionizing Commercial Mortgage Business with Launch of GPARENCY

GPARENCY | November 23, 2021

With an eye to the future of the commercial mortgage industry, Ira Zlotowitz, renowned for his success founding and leading Eastern Union, a national commercial mortgage brokerage company, today announced the launch of a new game-changing service, GPARENCY, to help clients go directly to the bank. GPARENCY is oversubscribed, raising the maximum of $15 million in venture-backed capital from over 125 real estate professionals and engaged strategic partners (including Customers Bank), the largest seed round in the commercial space, to fund this new approach to mortgage financing. Gauging both the core interests of the banks and the borrowers they serve, Zlotowitz formed GPARENCY to provide a new direct-to-bank formula for the mortgage business. This model empowers borrowers with transparency, technology, and professional services with expert touches from top real estate finance executives. "After studying the commercial mortgage market, we saw that 20% of borrowers exclusively use brokers, while 80% want to work directly with banks. Many think that broker fee structures for larger deals needed to be changed. This is exactly what we are doing at GPARENCY, Make no mistake, GPARENCY is the future of the mortgage industry. Today's commercial real estate investors are smarter, banks are more sophisticated, and full-scale, one-size fits all mortgage brokerage firms belong to the past. Our transparency, technology and flat fee pricing structure will empower and free the industry to reach their goals more efficiently and successfully than ever before" - Zlotowitz. In the future, GPARENCY will offer long-term plans for clients that will provide all data and tools directly to them through a subscription-based service called LANDSCAPE. This will allow clients to see maps with parcels showing public information, banking information, and access to all sales brokers in real time, making GPARENCY's differentiating technology client-facing. ABOUT GPARENCY  GPARENCY is revolutionizing the commercial mortgage industry. Through radical transparency and a tech-forward process, GPARENCY puts borrowers in the driver's seat so they can direct their own mortgage, access lenders directly, hire professionals by the hour, and Take it to the bank™. Out with the mystery and the inflated commissions. In with the clarity, transparency, and control.

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REAL ESTATE TECHNOLOGY

With Chainlink, SmartZip Brings Real Estate Data to the Blockchain

SmartZip | May 11, 2021

SmartZip is eager to declare that they will join Chainlink's market-driving decentralized prophet network by dispatching their Chainlink hub. The Chainlink hub fills in as secure blockchain middleware that makes existing SmartZip APIs viable across driving blockchain networks. Through this new Chain Link hub, SmartZip can supply their exclusive land information including property costs, rental rates, provincial patterns, and prescient evaluating models to blockchain applications (also known as brilliant agreements). Furthermore, the Chainlink hub cryptographically signs all information communicated on the blockchain, giving clients cryptographic confirmation of the information's respectability as beginning from a SmartZip API. The Chainlink hub not just grows SmartZip's compass as an information supplier by broadening their top-notch datasets into arising blockchain markets, yet arrangements new sorts of land items and markets. Engineers can utilize SmartZip's information to create information-driven shrewd agreement applications that settle expectation markets based on future house estimations, ascertain the worth of NFTs that address land, or supply confided in benchmarks before executing exchanges of tokenized properties. SmartZip Expanding Services to the Chainlink Network SmartZip's exclusive prescient examination model totals information from 24 sources and contains more than 1 billion information focuses on private land, including modern market valuations, rental wages and other key information focuses. With blockchain's capacity to both digitize land as tokenized resources and lessen mediator failures in the business, there is a developing chance to bring SmartZip's exceptional land information on-chain and backing these new business sectors. Since blockchains are deliberately disengaged from outside frameworks to guarantee their security and dependability, savvy contracts have no inherent ability to get to off-chain SmartZip API information. This absence of outside availability requires the utilization of an extra piece of foundation known as a blockchain prophet to bring outer API information into blockchain networks. Chainlink, the most broadly embraced prophet network in the blockchain business, offers a dependable, industry-standard prophet answer for making SmartZip's land information open to a tremendous pool of savvy contract engineers. Chainlink gives various highlights that put it aside from different arrangements, for example, • Information Signing - The Chainlink hub cryptographically signs each piece of information SmartZip posts on-chain, forestalling man-in-the-center assaults and expanding its unwavering quality in mechanizing contract results. • Blockchain Agnostic - The Chainlink hub is blockchain-skeptic, furnishing SmartZip with a solitary entryway to offer information to any current and future blockchain. • Enormous Market - Chainlink is the most broadly utilized prophet arrangement in the keen agreement economy, giving a huge and developing business sector of potential information customers. • Secure Infrastructure - Chainlink is completely reviewed open-source programming that all in all gets billions of dollars in esteem on mainnet, demonstrating its capacity to ensure and trigger the development of genuine monetary worth. "Chainlink offers SmartZip a speedy, simple, and secure answer for progressing our present API foundation to help blockchain networks," said Robert Reardon, General Manager of SmartZip. "In addition to the fact that this opens up new income streams in a developing business sector, yet it's a future-evidence arrangement that can undoubtedly scale to help an assortment of new blockchains and applications. This saves us a lot of time and assets while presenting our information to another decentralized economy." Joining the Chainlink Network as a hub administrator permits SmartZip to partake in the developing savvy contract economy by giving premium information to new types of decentralized and transparently available housing markets. As more land advances to blockchains, SmartZip's information can uphold a developing assortment of new applications, for example, the land being utilized as security in decentralized account (DeFi) items to get advances or property-put together NFTs that exchange concerning decentralized trades (DEXs). About SmartZip Smart zip is the head of prescient examination in the land. With Smartzip, engineers can undoubtedly coordinate the most extensive land data set into their applications including property estimations, rental rates, probability of selling, and much more.SmartZip is important for the Constellation Real Estate Group, an arrangement of vertical market programming organizations inside Constellation Software, Inc. The Constellation Real Estate Group gains and puts resources into innovation organizations in the land vertical that is focused on giving inventive, long-haul arrangements and associations to the clients they serve. About Chainlink Chainlink is the most generally utilized and secure approach to control all-around associated brilliant agreements. With Chainlink, engineers can interface any blockchain with excellent information sources from other blockchains just as genuine information. Overseen by a worldwide, decentralized local area of a huge number of individuals, Chainlink is presenting a more pleasant model for contracts. Its organization as of now gets billions of dollars in incentive for brilliant agreements across the decentralized money (DeFi), protection, and gaming environments, among others. Chainlink is trusted by many associations to convey authoritative truth through secure, solid information takes care of.

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MARKET OUTLOOK

Starwood Increases Offer to Acquire Monmouth Real Estate Investment Corp. to Net Consideration of $19.20 Per Share in Cash

Starwood Real Estate Income Trust, Inc | August 19, 2021

Starwood Real Estate Income Trust, Inc., an affiliate of Starwood Capital Group, a leading global private investment firm focused on real estate and energy investments, today submitted an enhanced all-cash, fully financed, fully actionable proposal to acquire Monmouth Real Estate Investment Corporation for $19.93 per Monmouth share reduced by the termination fee owed to Equity Commonwealth ("EQC") of $72 million or $0.73 per share. Starwood’s enhanced proposal would provide net consideration of $19.20 per share to Monmouth shareholders after payment of the EQC termination fee, which was increased by $10 million by the Monmouth Board on August 16, 2021. Starwood’s proposal offers Monmouth shareholders a premium to EQC’s revised offer with 100% cash-certain value (versus EQC’s offer, where approximately 35% of the aggregate consideration would be paid out in cash1), and does not subject Monmouth shareholders to the uncertain and unsubstantiated future value creation from the EQC transaction, which is already worth less to shareholders given the decline in EQC shares since its revised proposal was announced. Ethan Bing, Managing Director of Starwood, said, "Our increased all-cash offer is superior to EQC’s revised proposal given the higher certain value that is not exposed to market risk or dependent upon unproven execution. The EQC offer requires Monmouth shareholders to forego the certainty of our higher cash offer in exchange for speculative value creation from a merged entity with no synergies and no obvious competitive advantages in the highly competitive industrial sector where EQC has not actively participated.” Bing added, “The Monmouth Board, whose initial process was led by a strategic alternatives committee that ISS rightly criticized as ‘not fully independent,’ appears committed to the interests of Monmouth insiders rather than its fiduciary duty to maximize value for all Monmouth shareholders. The Monmouth Board’s decision to increase the termination fee for EQC, without having engaged in a single conversation with a committed all-cash bidder already at a significant premium to EQC, is yet another disappointing breach of faith to its shareholders – a clear effort to protect EQC from competing bidders willing to offer superior and more certain value to Monmouth shareholders. In contrast, Starwood has not raised its termination fee in connection with its revised offer.” Bing concluded, “We stand ready to sign the already-negotiated merger agreement with Monmouth. We urge the Monmouth Board to act in the best interest of all its shareholders by immediately declaring our increased offer superior, foregoing any future actions which would deprive shareholders from realizing maximum value, and proceeding quickly to finalize our proposed transaction for the benefit all Monmouth shareholders.” About Starwood Capital Group Starwood Capital Group is a private investment firm with a core focus on global real estate, energy infrastructure and oil & gas. The Firm and its affiliates maintain 16 offices in seven countries around the world, and currently have approximately 4,000 employees. Since its inception in 1991, Starwood Capital Group has raised over $60 billion of capital, and currently has approximately $90 billion of assets under management. Through a series of comingled opportunity funds and Starwood Real Estate Income Trust, Inc. a non-listed REIT, the Firm has invested in virtually every category of real estate on a global basis, opportunistically shifting asset classes, geographies and positions in the capital stack as it perceives risk/reward dynamics to be evolving. Starwood Capital also manages Starwood Property Trust, the largest commercial mortgage real estate investment trust in the United States, which has successfully deployed over $69 billion of capital since inception and manages a portfolio of over $18 billion across debt and equity investments. Over the past 29 years, Starwood Capital Group and its affiliates have successfully executed an investment strategy that involves building enterprises in both the private and public markets

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