REAL ESTATE TECHNOLOGY,REAL ESTATE INVESTMENT
Grace Hill and Ellis | January 02, 2023
Grace Hill, a pioneer in talent and customer management solutions for commercial and multi-family real estate, recently announced that it acquired Ellis Partners in Management Solutions (Ellis), a provider of mystery shopping and resident and employee survey solutions, and Edge2Learn, an e-learning company offering training and policy management solutions in the multifamily industry. However, the financial details of the transaction weren't revealed.
To aid property owners and operators in retaining top talent and enhancing the financial performance of their properties, Edge2Learn and Ellis offer online training in addition to policy, survey, mystery shopping, and data-driven insights. Over 600 online training courses catering to the needs of multi-family rental communities in the conventional, affordable, student, and senior markets have been developed by the companies. The merged business will offer a cutting-edge employee and property intelligence platform that improves productivity and profitability.
Grace Hill stated that both Edge2Learn and Ellis share the company's dedication to creating world-class training, mystery shopping, and management solutions to assist industry-leading real estate operators and owners in maximizing property performance, mitigating operational risk, and cultivating the talents of their workforce.
Among real estate training and feedback providers, Grace Hill, Edge2Learn, and Ellis have earned a well-earned reputation as industry leaders. Edge2Learn and Ellis are thrilled to join forces with Grace Hill and Aurora groups to form a truly innovative business that meets their combined clientele's current and future needs.
According to Aurora, Grace Hill is a market leader in its own right with enormous expansion potential, and this is the kind of game-changing deal it would like to close early in its hold period.
Since forming a strategic partnership with Aurora in May 2021, Grace Hill has added Kendall Pretzer as CEO, Charles Loop as CFO, Todd Harkness as CRO, Rob Beauchamp as CPO, and Traci Johnson as CMO to its executive ranks. Grace Hill was assisted by the law firms of Massumi + Consoli LLP and Gibson Dunn & Crutcher LLP.
About Grace Hill
Grace Hill offers cutting-edge SaaS technology solutions for the real estate market, intending to improve people's daily lives in their communities. By drawing on its extensive background in the real estate industry and its knowledge that 'people are better together', Grace Hill assists property owners and managers in boosting their properties' profitability, decreasing operational risk, and training future leaders. Grace Hill's talent performance solutions include policy, training, assessment, survey, and data-driven insights, and are relied on by over 500,000 professionals at over 1,700 businesses.
About Ellis
Ellis, Partners in Management Solutions (EPMS) has helped multi-family housing companies evaluate their sales and marketing effectiveness for over 35 years through its Apartment Mystery Shopping program. Using a multi-step process that captures the customer experience as a whole – from objective technique (shops) to subjective feedback (surveys) to emotional impact (social media) – Ellis offers customers easily attainable solutions that drive customer loyalty, resident retention, and profits.
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MARKET OUTLOOK,REAL ESTATE TECHNOLOGY
ZestyAI | January 13, 2023
ZestyAI, a pioneer in AI-powered solutions for climate and property risk assessments, announced a partnership on January 12, 2023, with a renowned software, data, and analytics company Black Knight, Inc.
The market leader will offer its mortgage, real estate, and capital markets clients access to ZestyAI's property risk analytics platform, Z-PROPERTYTM, in order to deliver fast property-condition reports and risk insights.
ZestyAI's Z-PROPERTY technology extracts insights from aerial and satellite photos for over 150 million residential and commercial properties using computer vision and machine learning. ZestyAI maintains a digital twin of every property in North America that is continuously updated as changes in property condition, upkeep, and renovations affect each property's fluctuating worth and risk.
Black Knight clients benefit significantly from Z-PROPERTY data when assessing property conditions. ZestyAI's technology examines features from each particular property, such as roof condition, to provide property-specific insights that will provide Black Knight's clients with an easy and cost-effective solution to improve their evaluation of property worth and risk throughout the mortgage life cycle.
Julian Grey, Executive Vice President, Mortgage & Capital Markets Product Management at Black Knight Data & Analytics, said, "We're always looking to deliver even more powerful data and insights for our customers, and ZestyAI's property analytics platform immediately stood out." She added, "Investors and creditors will now have instant access to detailed property condition data much earlier in the origination cycle. Offering ZestyAI's roof condition assessment and other insights is a huge win for our customers."
(Source - PR Newswire)
In line with this, Attila Toth, Founder and CEO of ZestyAI, said, "Black Knight is the leading provider of rich data and analytics for the mortgage and real estate industries where real-time data and decisions are the new normal." "We're proud to provide Black Knight's clients with our unique property insights to further improve speed and accuracy during every step of the home acquisition and financing process," he concluded.
(Source - PR Newswire)
About ZestyAI
ZestyAI provides insurers and real estate firms with comprehensive intelligence on every property in North America. The company employs artificial intelligence, including computer vision, to deliver a continually updated database of 200 billion property insights, which account for every aspect that can affect a property's value and associated hazards, including the possible impact of natural disasters.
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REAL ESTATE TECHNOLOGY, REAL ESTATE INVESTMENT
Matterport Inc. | February 16, 2023
On February 15, 2023, one of the leading digital transformation companies, Matterport, Inc., announced its Digital Pro, an all-in-one marketing solution now available in the US for real estate agents. Digital Pro integrates the innovation of Matterport's 3D digital twin technology and content production and integrated marketing to design the industry's most affordable and complete marketing package to help real estate agents get more clients and sell homes faster. Matterport will deliver professional-level HDR photos, a 3D tour, a 2D floor plan, and a preview video for customers within 1-2 business days at a low flat rate in a single appointment.
Digital Pro offers real estate professionals the required media assets to market, sell and promote their properties via one partner. It provides a simplified package and a full suite of visual marketing tools where agents can focus more on selling the properties faster and gaining listings by raising the standards of what buyers and sellers expect from a home listing company.
With Digital Pro, real estate agents can work with a single partner to make all the media assets they need to market, sell, and promote their properties. In addition, agents can focus more on getting listings and selling homes faster if they have a complete set of visual marketing tools in a simple package. This raises the bar for buyers' and sellers' expectations from a home listing. The Digital Pro Package consists of HDR photos to compose the views of the property's selling points, a 3D tour for prospective buyers for a virtual visit to the property, a 2D floor plan with accurate dimensions automatically creates visual spatial data, and a preview video of 10 to 15 seconds for a quick view of the property.
About Matterport Inc.
Matterport, Inc., founded in 2011, is at the forefront of the digital transformation of the built environment. Its innovative spatial data platform converts buildings into data to increase the value and accessibility of every space. Millions of buildings in 177+ countries have been turned into immersive Matterport digital twins to improve every part of a building's lifecycle, from planning, construction, and operation to documentation, appraisal, and marketing.
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