New NAR Survey Says Home Improvement Projects are Worth Cost and Time

National Association of Realtors | October 04, 2019

According to a new report from the National Association of Realtors with insights from the National Association of the Remodeling Industry - U.S. homeowners who decide to undergo a home improvement project, whether it be interior or exterior modifications, often find that the task was worth the investment and time. The 2019 Remodeling Impact Report, an examination of 20 projects, surveyed Realtors, consumers who have taken on home renovation projects and members of the National Association of the Remodeling Industry.

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MARKET OUTLOOK, REAL ESTATE INVESTMENT

Eastdil Secured and Project Destined Launch Commercial Real Estate Bootcamp

Eastdil Secured | October 06, 2022

Eastdil Secured, L.L.C. (“Eastdil Secured”), the global real estate investment bank, and Project Destined, a leading social impact platform that provides training in financial literacy, entrepreneurship and real estate, have launched their fall commercial real estate bootcamp. The program stems from Eastdil Secured’s existing partnership with Project Destined, and consists of a five-week “bootcamp” training program, where 50 students across the U.S. will learn from more than two dozen Eastdil Secured professionals and mentors about key topics in the commercial real estate industry, including: Eastdil Secured’s History and Its Business Interviewing, Recruiting, and Professional Use of Social Media Year One as an Analyst at Eastdil Secured How to Pitch Yourself and a Deal Professional Networking This bootcamp will provide an unprecedented opportunity for Project Destined students to learn from leaders in commercial real estate investment banking, as well as earn both an ARGUS certification from Altus Group and a Financial Modeling Certification through Project Destined’s partnership with NYU Schack Institute of Real Estate and Columbia Graduate School of Real Estate. In addition to weekly bootcamp sessions, accepted fellows will receive scholarships to participate in Project Destined’s paid virtual internship and bootcamp activities, including visits to Eastdil Secured offices across the U.S. “At Eastdil Secured, creating opportunities across our industry for diverse candidates is a longstanding commitment. Our ongoing partnership with Project Destined has allowed us to deliver on that, while helping to develop the next generation of leaders in commercial real estate, Over the last year, we have watched the transformation of the students we have sponsored through Project Destined, and the training, access and experience this offers participants will serve them for years to come. We look forward to expanding our partnership with Project Destined with this bootcamp program and watching its alumni succeed – no matter where their careers take them.” -Roy March, CEO of Eastdil Secured As part of the bootcamp program, Eastdil Secured professionals and mentors will prepare, engage and guide students one-on-one to help them develop a range of fundamentals including financial, technical, presentation and leadership skills designed to aid their search for internships, certifications and full-time employment in the commercial real estate industry. We are excited to expand our partnership with Eastdil Secured and prepare this incredible group of students for a career in commercial real estate, The real estate industry provides unparalleled opportunities to build a great career while also impacting your community. The network, skills and access that this bootcamp provides will ensure that these students are ready to take on this opportunity,said Cedric Bobo, Co-Founder of Project Destined. Following the successful sponsorship of a New York-based Project Destined team in Summer 2021, Eastdil Secured helped Project Destined serve more students by sponsoring three teams for Spring 2022 in New York, Los Angeles and Atlanta. Eastdil Secured is also delighted to announce that two Project Destined program alumni will join the firm as full-time analysts in 2023, following internship program placements in New York and Santa Monica, California. Since its founding in 2016, Project Destined has worked with more than 3,500 participants in 35 cities across the U.S., Canada, the United Kingdom and Europe. Eastdil Secured’s partnership will support Project Destined and its mission to provide training in financial literacy, entrepreneurship and real estate to students from underserved communities. About Eastdil Secured As the most relevant and trusted advisor in the commercial real estate capital markets, Eastdil Secured creates value for clients through creative, actionable ideas and flawless execution. With an unrivaled combination of capital markets expertise and in-depth understanding of real estate fundamentals, Eastdil Secured delivers best-in-class advice on mergers and acquisitions, sales, joint ventures, debt placement, structured credit and loan sales to investors around the world. Headquartered in New York, Eastdil Secured has a broad global footprint to support clients with offices across the United States in Atlanta, Boston, Charlotte, Chicago, Dallas, Los Angeles, Miami, Orange County, San Francisco, Seattle, Silicon Valley and Washington, D.C., and internationally in Dubai, Dublin, Frankfurt, London, Milan, Paris, Hong Kong and Tokyo. About Project Destined Project Destined is a leading social impact platform that provides training in financial literacy, entrepreneurship, and real estate. Project Destined partners with corporations, schools, and non-profits to deliver training using its proprietary e-learning platform and love courses. Project Destined leverages a work-based learning approach where students work with executives to evaluate live deals in their community and present them in a pitch competition to industry leaders. Scholars emerge with the skills, confidence, experiences, and networks that prepare them to secure a strong first job and become stakeholders in their community.

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MARKET OUTLOOK, REAL ESTATE ADVICE

Curbio Recognized for Exemplary Workplace Environment with Three Comparably Awards

Curbio | October 07, 2022

Curbio, Inc., the leading fix now, pay when you sell home improvement solution for real estate agents, brokers and their listing clients, today announced recognition from workplace culture site Comparably for its exemplary workplace environment. Curbio was selected out of 70,000 companies in three of this quarter's categories including Happiest Employees, Best Company Compensation and Best Company Perks & Benefits. Comparably awards are based on anonymous employee feedback submitted to Comparably.com within a 12-month period. Rankings were determined based on a combination of factors that contribute to employee happiness at work, including a positive work environment, satisfaction with total compensation package, satisfaction with perks and benefits, and pride in company. "It makes me incredibly proud to see Curbio being recognized by Comparably, because these rankings are based entirely on employee feedback. Curbio has always been an employee-first company. Our employees are passionate and excited by their job and Curbio's mission, and we really value and care for our employees, Knowing that our employees are feeling happy at work, and satisfied with their compensation and benefits packages, means everything to Curbio's leadership team." -Rick Rudman, CEO of Curbio This is far from the first time that Curbio has been recognized for its exemplary company culture. The company has been certified as a Great Place to Work®, was named a best place to work in Washington, D.C. by Comparably, a Next Gen 100 workplace by RippleMatch and a Top 5000 fastest-growing company in America by Inc. Magazine. Curbio CEO Rick Rudman was named a Best CEO by Comparably, and a Real Estate Newsmaker by RISMedia. Curbio has also been continuously recognized for its success as a tech-powered home improvement solution, receiving nods in HousingWire, Qualified Remodeler and Best in Biz, to name a few. About Curbio Curbio was founded in 2017 to transform the multi-billion-dollar home improvement industry and has quickly become the nation's leading pay-at-closing home improvement solution. The company partners exclusively with real estate agents and their clients to get any home ready for the market, allowing it to sell faster and for top dollar. Using technology to power their service, Curbio completes pre-listing home improvement projects of any size quickly and without hassle, from start to finish, with zero payment due until the home sells. Curbio is trusted by thousands of realtors and brokerages nationwide, and has been continuously recognized for its exemplary solution, receiving nods in HousingWire, Qualified Remodeler and Comparably, to name a few.

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REAL ESTATE TECHNOLOGY, REAL ESTATE INVESTMENT

Berkadia Signs Multiyear Agreement With Esusu

Berkadia and Esusu | September 08, 2022

Berkadia announced today that it signed an agreement with Esusu, the leading financial technology company leveraging rental data for credit building. This partnership unlocks greater equity for renters, improves property performance for multifamily owners and operators and reduces lender risk. With a mission to dismantle barriers to housing for working families, Esusu reports on-time rent payments to the three major credit bureaus, Equifax, Transunion, and Experian, to establish and boost credit scores for residents. The collaboration, which launched in the Spring of 2021, has expanded to over 34,000 units, establishing over 5,300 credit scores for residents to date. “We could not be happier to have a multi-year agreement with Esusu, which allows Berkadia to extend a powerful property performance enhancing solution to our clients, This will help owners and operators reach their own ESG goals at an exceptional value and support Esusu’s critical and innovative objective–helping renters build and improve their credit.” -Bryce Nyberg, Director of Berkadia Digital Partnering to Provide Value and Solutions Seeing the value Esusu could bring to the entire residential ecosystem, a partnership was formed when Esusu joined Berkadia’s inaugural BeEngaged program in February 2020. The partnership has proven to be mutually beneficial and has helped Berkadia develop a competitive advantage as an attractive funding source to owners and operators who value Esusu as both an economic and social solution. Through Berkadia’s introduction, Esusu services over 285 properties across more than 10 management companies including Burbank Housing, Comunidad, Eagle Property Capital, Morgan Properties, Odin Properties and more. As a workforce housing provider operating primarily in the inner city, Odin Properties has long been focused on supporting quality of life for our residents, In Esusu, we found a solution and a team that helped further that goal by allowing residents unprecedented access to the financial system, while improving property performance. It has been encouraging to see Esusu grow as their message rightfully resonates with so many different housing stakeholders,said Phil Balderston, Founder & CEO of Odin Properties LLC. Supporting an Equitable Housing Market Throughout the partnership, there has been growing industry awareness around the criticality of equity in multifamily housing. This was further emphasized when Esusu announced a collaboration with Freddie Mac. Through their joint initiative in support of increasing equitability in the housing market, Freddie Mac provides closing cost credits to multifamily borrowers who agree to use Esusu to report on-time rental payments. Esusu also provides discounted pricing for these and other Freddie Mac borrowers who agree to report on-time rental payments through the platform. Our credit building initiative has helped build or establish credit scores for tens of thousands of multifamily renters nationwide, It is an essential component of our effort to build a more equitable multifamily housing system,said Corey Aber, Vice President of Mission, Policy and Strategy for Freddie Mac Multifamily. Utilizing Real-Time Data for Returns Esusu not only improves the quality of life for residents but also helps properties maximize net operating income (NOI). By adding Esusu to Berkadia’s expansive network, borrowers can see scalable social impact results–credit score increases, new established scores, eviction prevention–as well as economic returns through improved rent collections, reduced delinquencies and renter turnover, and thereby healthier cash flows. We are grateful for our long-standing collaboration with Berkadia, The firm took an early bet on Esusu through their BeEngaged program which has paved the way for Esusu’s proliferation throughout the marketplace. Berkadia has shared our vision from day one and their foresight has led to adoption by other lenders and sponsors throughout the industry. Together, we will continue to create a world-class experience for their sponsors while taking tangible steps towards dismantling barriers to housing and bridging the racial wealth gap,said Samir Goel and Wemimo Abbey, Co-Founders and Co-CEOs of Esusu. About BeEngaged Launched in 2019, the BeEngaged program advises and accelerates startups that are redefining the commercial real estate industry by providing them with resources, strategic counsel, and a collaborative network to test and grow innovative concepts. Since then, the organization has accelerated more than a dozen CRE tech startups, including Esusu. BeEngaged features three stages to foster innovation and collaboration across the commercial real estate industry: BeEngaged Network®, Verified Status, and the BeEngaged Lab®. The BeEngaged Network® develops an ecosystem of founders, industry professionals, and capital providers dedicated to redefining the commercial real estate space. Companies participating in the BeEngaged Network® that have proven potential for long-term growth and industry transformation can be invited to seek Verified Status (VP). This stage provides company founders with focused mentorship for validating strategic alignment to participants of the BeEngaged ecosystem through experiments and pilots. Successful VP companies are invited to join BeEngaged Lab®, which is a catalyst for founders and Berkadia to collaborate on long-term initiatives. About Berkadia® Berkadia, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is a leader in the commercial real estate industry, offering a robust suite of services to our multifamily and commercial property clients. Through our integrated mortgage banking, investment sales and servicing platform, Berkadia delivers comprehensive real estate solutions for the entire life cycle of our clients’ assets. About Esusu Esusu is the leading financial technology platform that leverages data solutions to empower residents and improve property performance. Esusu's rent reporting platform captures rental payment data and reports it to credit bureaus to boost credit scores. This allows renters to build and establish their credit scores while helping property owners mitigate against initiating evictions, powered by differentiated data and insights. Founded in 2018, Esusu reaches over 2.5 million rental units across all 50 states in the U.S.

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