REAL ESTATE TECHNOLOGY

NEXT Property Management Launches Mack Real Estate Group

businesswire | December 08, 2020

NEXT Property Management Launches Mack Real Estate Group
Mack Real Estate Group (MREG) declared the dispatch of NEXT Property Management, another outsider property the executives administration offering zeroed in on giving the greatest administration administrations to proprietors of multifamily and office properties cross country. NEXT is important for the Mack Property Management L.P. specialty unit (MPM), which gives property the executives administrations to MREG's developing arrangement of land ventures.

“With the launch of NEXT Property Management, we mark the latest step in the larger process of rebranding, reorganizing, and expanding property management services within the context of the overall MREG platform,” said Richard Mack, CEO of MREG. “We believe that our extensive experience with property ownership will be valuable to other owners who choose NEXT for management services, and we look forward to expanding the NEXT portfolio in the coming years.”

NEXT Property Management is focused on sending key arrangements related to new innovation for property the executives to offer open doors for more noteworthy proficiency and better help. "We are expecting coherence of present day advances and best practices across both the NEXT outsider administration portfolio and the MPM claimed portfolio, as we reliably endeavor to be the best," said Jennifer Willstead, President of MPM.

Jeff Cruz has been selected Vice President of Business Development for NEXT and will be accused of developing the pipeline of outsider administration business. "Jeff has driven a fruitful profession in multi-family traversing more than twenty years and numerous business sectors, and was a characteristic decision to lead our development plan for NEXT," Ms. Willstead added.

MPM (counting NEXT) is settled in Phoenix, AZ. NEXT and MPM depend on the skill of veteran colleagues and a solid comprehension of market essentials and industry patterns toward accomplishing the objectives of expanding resource execution, improving worth, and conveying strong monetary outcomes. They use arising advances and administration driven applications to convey imaginative arrangements, and utilize a set-up of help administrations to improve proficiency.

Mack Property Management was formerly known as Winthrop Property Management. The rebranding was announced September 1, 2020. In October, Mack Property Management officially relocated its head offices to Phoenix and hired Robert J. Matthews as Senior Vice President of Finance and Accounting.

“We believe that centralizing our operations in the Phoenix area enables us to enhance our services for the NEXT and MPM portfolios, and to strategically position us for further expansion in both coastal and mid-country markets,” said Ms. Willstead. “Our team is excited for this new start out of our Phoenix office, which we expect to be our launching pad for significant growth. In addition to this new command center, we will continue to have resources in multiple markets to help align with operational needs and ensure proper support during core business hours, regardless of time zone.”

Spotlight

More than retail real estate, Simon is a company of experiences, destinations & gathering places, where communities come together to share the joy of discover through shopping, dining and entertainment.

Spotlight

More than retail real estate, Simon is a company of experiences, destinations & gathering places, where communities come together to share the joy of discover through shopping, dining and entertainment.

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REAL ESTATE INVESTMENT

William Raveis Real Estate Acquires Key Solutions Real Estate, Enters Sarasota Market

William Raveis Real Estate, Mortgage & Insurance | August 11, 2021

William Raveis Real Estate, Mortgage & Insurance (WRRE), the top family-owned real estate company in the Northeast, spanning to Florida, is pleased to announce it has acquired Sarasota, Fla.-based Key Solutions Real Estate, a leading luxury and family-owned brokerage with 44 professional sales associates, effective today. Key Solutions' offices on Siesta Key and in Lakewood Ranch will reopen under the William Raveis Real Estate luxury brand, creating unprecedented value for their customers and the community. The acquisition marks WRRE's entry into the Sarasota market, following Naples and Palm Beach. William Raveis Real Estate has acquired Key Solutions Real Estate, a luxury and family-owned brokerage in Sarasota, Fla. "Key Solutions Real Estate has built a wonderful culture with their staff and sales associates, and delivers an exceptional level of customer service," says William "Bill" Raveis, Chairman and CEO of WRRE, who founded the company 47 years ago and has grown it into a luxury real estate powerhouse with more than 4,300 agents in eight states and $16 billion in production in 2020. The addition of two offices in Sarasota brings the current total of William Raveis offices in Florida to 14, and the family-owned company is actively seeking additional growth opportunities on both coasts of Florida. Since opening its first office in Naples just 5 years ago, and then expanding to Palm Beach, WRRE is on track to close well over $3 billion in sales in Florida alone. "Florida is hot in more ways than one," said Raveis. "As more and more people from the Northeast buy primary or vacation homes in Florida, we plan to expand throughout Florida for many years, further strengthening our luxury network." Susan Saltalamacchia, along with her son, Brian Tresidder, and close family friend, Keith Redding, spent a decade building Key Solutions into a highly successful, collaborative and family-oriented boutique luxury brokerage, specializing in the sale and rental of properties throughout Sarasota, and have generated close to $1 billion in sales since their inception. "When we were approached to join William Raveis Real Estate, we knew it was a perfect fit. Their company and leadership team have the same values we embrace in our offices and their focus on agent success and training to improve the customer experience is second to none. We knew this was a company we wanted to be working with, and not against," says Tresidder, who will continue on as broker for the two Sarasota offices. Strengthened Luxury Network from Sarasota to Northeast, International This acquisition secures a competitive edge in the South Florida luxury markets by broadening WRRE's high-end network of ultra-luxury markets from areas in the Northeast like Nantucket, Wellesley, Greenwich, Westchester and Manhattan to Naples, Palm Beach and now Sarasota. "There's no other brokerage like us in Sarasota. We have more than 4,000 sales associates in our Northeast footprint, and considering 4 of the top 5 states with the most people moving to Sarasota County are from the Northeast, we offer a marketing network unlike any other," adds Matt Lane, General Manager of William Raveis in Florida. In 2018, Luxury Portfolio International, the marketing division of the world's largest international brokerage network, Leading Real Estate Companies of the World, recognized William Raveis as the #1 Global Luxury Broker in their unrivaled global network of 550 leading independent brokerages in 65 countries. Together with Leading Real Estate's luxury marketing arm and Luxury Portfolio International, WRRE's listings are broadcast to the best brokers and the most affluent buyers around the world. WRRE is the only privately held firm offering mortgage and insurance services under one roof to its clients, thereby creating a seamless end-to-end customer experience. In addition, WRRE is proud to be the first in the nation to offer homeowners the most complete set of real estate services on the market. Not only will WRRE help clients buy and sell homes, they offer an expert partner to help renovate and stage the property, finance and mortgage the home, and provide closing services and insure a client's next home. With Raveis Purchase, WRRE will even purchase the client's home to make the process completely hassle-free. The newly launched program, Raveis CashBid, empowers buyers to present a cash bid, giving them an advantage in a competitive market. ABOUT WILLIAM RAVEIS REAL ESTATE, MORTGAGE & INSURANCE William Raveis Real Estate, Mortgage & Insurance is the number one family-owned real estate company in the Northeast, spanning to Florida, and the sixth largest independent real estate brokerage in the United States, according to RealTrends. William Raveis, WRRE's CEO and Chairman, founded the company 47 years ago and has turned it into a real estate powerhouse with more than 4,300 talented sales associates across 134 offices in Connecticut, Florida, Massachusetts, New Hampshire, New York, Rhode Island, Maine, and Vermont. WRRE is the only privately held firm offering mortgage and insurance services under one roof to its clients, thereby creating a seamless end-to-end customer experience. In 2020, William Raveis closed $16 billion in real estate sales, $2 billion in mortgages, serviced 30,000 insurance customers, and closed 27,000 transactions.

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REAL ESTATE TECHNOLOGY

Windermere Real Estate, a family-run firm, has acquired Lyon Real Estate, the leading independent residential real estate company in the region.

businesswire | January 11, 2021

Lyon Real Estate, the area's driving autonomous private land organization, has been obtained by Windermere Real Estate. Lyon Real Estate has been an installation in the more prominent Sacramento locale for a very long time with 800+ specialists who produced over $2.86 billion in deals a year ago. Windermere Real Estate was established in 1972 in Seattle and is worked by second-age authority Geoff Wood, Jill Jacobi Wood, and OB Jacobi. The two organizations are individuals from the lofty Leading Real Estate Companies of the World® and Luxury Portfolio International® networks which is the way the heads of the two organizations initially met. Under the conditions of the securing, Lyon Real Estate will keep on working under its name and brand and will keep up the current administration group, including president and head working official Pat Shea. Lyon Real Estate specialists and their clients will profit by Windermere's improved showcasing assets, proficient turn of events, movement and reference administrations, just as an in-house boss financial expert. “This new chapter for Lyon Real Estate is a perfect fit when taking into account our mutual values of superior customer satisfaction, and long-term relationships with our clients, agents, and community,” says Laura Lyon, former Chair of the Board and the daughter of William L. Lyon, the company’s founder. “The Jacobi-Wood family brings a new and highly engaged second generation of family leadership that is committed to growth and giving back.” Shea describes this union as the blending of two accomplished and well-respected real estate brands. “We will each continue to maintain our own identity,” he says. “Our company and agents will have the absolute best of both worlds.” Shea added that over the years, Lyon Real Estate has been approached by a number of suitors seeking a strategic growth opportunity. “This timing is right because Windermere is well suited to maintain the company’s legacy and grow it in the future,” said Shea. “The Lyon family’s first priority is that they leave the company they built and have run for the past 75 years in the best possible hands for the long term,” he added. OB Jacobi, Windermere co-president states, “We’ve been looking for the right opportunity to grow our network in Northern California and chose Lyon Real Estate because of the strength of their brand, leadership team, and our aligned culture and values. We are fully committed to supporting this great agent network, as well as the admirable work of the Lyon Cares Foundation.” About Lyon Real Estate Lyon Real Estate is the leading independent real estate brokerage company in Greater Sacramento (Sacramento Business Journal). We are proud to be homegrown, privately owned, and internationally known. Lyon has served the area for over 75 years. Last year, the company closed a total of $2.86 billion in sales volume. Lyon Real Estate has over 800 agents in 17 offices located throughout the region. The company is a member of the Leading Real Estate Companies of the World®, the largest network of premier locally branded firms, as well as LeadingRE’s Luxury Portfolio International® program. In addition to its real estate services, Lyon Real Estate offers RELO Direct, a global relocation program. Since 2015, the Lyon Cares Foundation has contributed more than $780,000 to local non-profits. About Windermere Real Estate Windermere Real Estate is the largest regional real estate company in the Western U.S. with over 300 offices and 6,500 agents serving communities in Arizona, California, Colorado, Hawaii, Idaho, Montana, Nevada, Oregon, Utah, Washington, and Mexico. Last year, Windermere closed 77,000 home sales for more than $36.7 billion in dollar volume. The Windermere family has a proud heritage of serving our neighbors via the Windermere Foundation which funds services for low-income and homeless families. Since 1989, the Windermere Foundation has contributed more than $42 million towards improving lives in the communities where we live and work.

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REAL ESTATE INVESTMENT

JLL arranges $690M financing for 44-property industrial portfolio

JLL | December 02, 2021

JLL announced today that its Capital Markets group has arranged a $690 million financing for a portfolio of 44 net-leased industrial, office and data center properties totaling 6.85 million square feet in high-growth markets across the United States. JLL worked on behalf of the borrower, Blackstone Real Estate Income Trust (BREIT), to place the two-year, floating-rate, non-recourse loan with Wells Fargo Bank. The financing comprises a term loan and a revolving credit facility. Additionally, the New York Agency of Singapore-based United Overseas Bank (UOB) joined the financing, committing half of the arranged capital post-closing. The portfolio consists of single- and multi-tenant mission-critical assets with diverse functions that include warehouse, bulk warehouse, light industrial, office, laboratory, truck terminal, data center and raw land. With an average age of 17 years, the properties feature an average clear height of 28 feet, 87 suites and 1,148 dock doors. It is more than 80% leased to industry-leading tenants with a proven history of significant tenant investment and that represent a diverse range of industries, including e-commerce, web services, pharmaceuticals and logistics. Situated on a total of nearly 611 acres, the portfolio properties are in 10 states in high-growth, highly connected markets such as Raleigh-Durham and Greensboro, North Carolina; Boston, Massachusetts; El Paso, Texas; Atlanta, Georgia; Chicago, Illinois; Salt Lake City, Utah; and Minneapolis, Minnesota. JLL's Capital Markets debt advisory team representing the borrower was led by Executive Managing Director Trey Morsbach, Managing Director Michael Cosby and Analysts Bo Beidleman and Ryan Pollack. JLL's Capital Markets group is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries. About JLL JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $16.6 billion, operations in over 80 countries and a global workforce of more than 95,000 as of September 30, 2021. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated.

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