REAL ESTATE TECHNOLOGY, REAL ESTATE INVESTMENT
Tavant | March 08, 2023
On March 07, 2023, a Silicon Valley-based custom AI-powered solutions provider, Tavant, announced the launch of Proptech 3.0, its latest phase in Real Estate Technology. This phase of Tavant's Proptech evolution introduces innovation to the real estate industry by providing end-to-end solutions and AI-powered analytics that optimize the ecosystem for all stakeholders. Its extensive and reliable knowledge base allows its partners to unlock the maximum potential of their data while achieving impact and quality at each stage of the data monetization process. Additionally, its multi-sector, multi-generational experience allows scaling start-ups and industry leaders like the nation's third-largest home builder to empower the digital transformation of its adjoining business units to increase flexibility and efficiency, creating a more complete and overall competitive business.
Tavant's revolutionary Touchless Lending® automation solution enabled 9,656 homeownership dreams per day, underwrote more than 80,000 loans, and improved revenue by 250% from the prior year on customer growth of 200%. At the same time, the Proptech sector has been stable over the past year. In addition, Tavant has remained dedicated to its craft and has been awarded the 'HousingWire Real Estate Tech 100 Award' for the third consecutive year.
Tavant develops automated solutions to improve how buyers, sellers, and investors use mobile apps and search engines to find realtors and other critical resources. It automates and optimizes data workflows for enterprises of all sizes to launch revolutionary digital-first solutions and help them become industry leaders. It delivered custom technology solutions to a partner hyper-focused on building affordable housing, automating the end-to-end loan application process, and connecting third-party financial systems while working with actively changing state regulations to create one seamless and effective system for partners, providers, and consumers.
About Tavant
Tavant, a digital products and platforms provider, offers impactful results to North America, Europe and Asia-Pacific customers. Based in Santa Clara, California and established in 2000, the company employs more than 3000 people. Its talent extends beyond the residential real estate market. It is the premier implementation partner for businesses seeking to transform, scale, and stay ahead of the curve, with its 23 years of resilience, recent expansion into Europe and Asia-Pacific, and metamorphic milestones. It has created an AI-powered intelligent lending enterprise by reimagining customer experiences, driving operational efficiencies, and enhancing collaboration.
Read More
REAL ESTATE INVESTMENT, BUYING/SELLING
Pacaso | March 30, 2023
Pacaso announced today the launch of a limited-time opportunity for accredited U.S. investors to invest in the category leading technology-enabled real estate marketplace that helps people buy and co-own a luxury second home. The new investment opportunity with Pacaso is a two year, 10% annualized promissory note backed by luxury real estate. Investors receive quarterly interest payments with a return of the principal at the end of the two year term. The fund aims to generate strong risk-adjusted financial returns for investors and provides Pacaso with flexibility to offer more attractive financing offers for second home buyers.
Investors benefit by earning consistent, passive income, diversifying their portfolio with luxury real estate, and enabling expanded financing options for Pacaso that help more people become second homeowners.
"Pacaso owners are the gold standard for consumer credit quality. This creates a win-win opportunity for investors to make consistent, passive income and future Pacaso homeowners to lock in seamless financing," said Pacaso CEO and Co-Founder Austin Allison. "This unique fund is a smart choice for people who want a low risk and low barrier of entry investment opportunity to diversify their portfolio by gaining exposure across high-quality, luxury real estate, which has proven to be one of the safest places to park money during uncertain times."
As the category leader of co-ownership of second homes, Pacaso has seen a tremendous response from high-net-worth buyers to the company's attractive integrated financing solutions on Pacaso listings and resales within the Pacaso marketplace. Pacaso is uniquely positioned for growth and second home demand has been off to a positive start in 2023. Deposits have increased 90% in the first two months of 2023, compared to the last two months of 2022.
Certain statements in this presentation may constitute "forward-looking statements" within the meaning of the federal securities laws. Forward-looking statements include, but are not limited to, statements regarding Pacaso's expectations, hopes, beliefs, intentions or strategies regarding the future. In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. The words "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "might," "plan," "possible," "potential," "predict," "project," "should," "strive," "would" and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Pacaso does not give any assurance that Pacaso will achieve its expectations. Readers are cautioned not to put undue reliance on forward-looking statements, and Pacaso assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise.
About Pacaso
Pacaso® is a technology-enabled marketplace that modernizes real estate co-ownership to make second homes possible and enjoyable for more people. Pacaso curates luxury listings with premium amenities and high-end contemporary interior design, offers ⅛ to ½ ownership with integrated financing, and, after purchase, professionally manages the home and supports seamless resale. Co-founded by Austin Allison and Spencer Rascoff in 2020, Pacaso operates in 40 top second home destinations around the world. Pacaso has been certified as a Great Place to Work and is recognized as one of Glassdoor's 2022 Best Places to Work.
Read More
REAL ESTATE TECHNOLOGY, REAL ESTATE INVESTMENT
AppFolio | February 03, 2023
On February 2, 2023, AppFolio, Inc. introduced AppFolio AlphaTM, an AI-powered investment management solution meant to provide a unified experience that automatically gathers, standardizes, and displays crucial property management data.
The end goal of this innovation is to give real estate investment managers useful information that they can use to make better strategic decisions.
Manually aggregating property management data for business insights is time-consuming, difficult to manage, error-prone, and impossible to scale. According to a report by Pi Labs, nearly half of the organizations spend 2–3 months a year collecting and organizing data to make decisions. In today's economy, asset managers are more focused on maximizing their investments using measures like occupancy rates, lease expiration, and rent increases.
AppFolio Alpha is a cost-effective alternative to hiring more staff that makes it simple for asset managers to collect and consolidate data, view key metrics for optimizing asset performance, audit performance across multiple portfolios at a glance, generate accurate reports, and meet their objectives.
Nat Kunes, Senior Vice President of Real Estate Investment Management at AppFolio, stated, "Today's real estate investment managers deserve technology that keeps up with the fast pace of the broader real estate industry."
He continued, "AppFolio Alpha enables investment managers to spend less time sorting through scattered data sets and more time uncovering actionable insights with visual KPIs like occupancy rates and lease expirations. We're proud to continue bringing innovations like Alpha to the market so we can help customers better understand potential points of exposure and take action for their business."
(Source – GlobeNewswire)
About AppFolio
AppFolio, the industry's preeminent cloud-based business management solutions provider, specializes in serving the real estate sector. The company's products and services make it possible for its clients to digitally transform their companies, improve the efficiency of their most essential business processes, and provide superior service to their end users.
Read More