Opendoor partners with real estate software provider W+R Studios to boost iBuyer reach

Opendoor | October 10, 2019

Opendoor added to its ever-growing list of partnerships Thursday with the announcement that the iBuyer will be collaborating with W+R Studios, a real estate market analysis software provider. The partnerships will specifically make use of W+R Studios’ Cloud CMA, a platform that allows agents to create comparative market analysis reports, buyer tours, property reports and flyers.

Spotlight

The start of 2018 has been an inauspicious one for the construction industry. The liquidation of Carillion in January, combined with the unseasonal weather in February and March, will inevitably lead to a poor first quarter of activity for the industry. The second quarter of 2018 is likely to see an upturn in activity but activity in the sector overall for the year will be dependent upon the extent to which Carillion’s liquidation impacts upon sub-contractors and suppliers down the supply chain in addition to the extent of catch-up following the three lost days of construction activity across the UK. As a result, the key risks to the latest forecasts are clearly on the downside.

Spotlight

The start of 2018 has been an inauspicious one for the construction industry. The liquidation of Carillion in January, combined with the unseasonal weather in February and March, will inevitably lead to a poor first quarter of activity for the industry. The second quarter of 2018 is likely to see an upturn in activity but activity in the sector overall for the year will be dependent upon the extent to which Carillion’s liquidation impacts upon sub-contractors and suppliers down the supply chain in addition to the extent of catch-up following the three lost days of construction activity across the UK. As a result, the key risks to the latest forecasts are clearly on the downside.

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INVESTMENTS

Harbor Group International Acquires Workforce Housing Portfolio in North Carolina's Research Triangle

Harbor Group | January 28, 2022

Affiliates of Harbor Group International, LLC ("HGI"), a privately owned international real estate investment and management firm, today announced the acquisition of an 8-asset portfolio of workforce housing communities in North Carolina's Research Triangle for $475 million. The Newmark team of Jason Kon, Henry Stimler and Bill Weber represented the seller, Dasmen Residential LLC, and facilitated the debt for the acquisition. Located throughout the Research Triangle, an area known for its research universities and STEM companies, the portfolio comprises 2,356 units and features four communities in Durham, three communities in Raleigh and one community in Charlotte. HGI plans to invest approximately $21.9 million across the properties to renovate 25% of the interior units. Harbor Group Management Company, the property management arm of HGI, will assume management of the entire portfolio. The Research Triangle is an important target market for HGI as we seek to acquire well-located communities in high-growth markets, As the area's high-paying STEM jobs continue to attract new residents, we see opportunity to leverage our expertise in owning and operating similar communities in the region to generate rent growth amid increasing demand for housing." Richard Litton, HGI. We are proud that we were able to bring these two great firms together to do this unique and large off-market transaction. Dasmen entrusted the Newmark team to execute this deal in a very quiet and select manner, culminating in a great outcome for both parties." Kon. The Raleigh-Durham properties within the portfolio have direct access to Research Triangle Park, placing residents in proximity to over 22.5 million square feet of office and lab space and more than 275 businesses. Since 2020, more than 9,000 jobs have been created in the Research Triangle area, driven by the expansion of technology and life science companies, with major employers including Bayer Crop Science, Cisco, Biogen and IBM. Apple's first East Coast campus is currently under development in Research Triangle Park, and is projected to bring an additional 3,000 jobs to the area. HGI is an active investor in the southeastern U.S. markets. With the addition of the Research Triangle portfolio, the firm currently owns and manages nearly 5,000 apartment units in North Carolina. About Harbor Group International Harbor Group International, LLC, and its affiliates control an investment portfolio of $18 billion including 4.9 million square feet of commercial space throughout the United States and the United Kingdom and 60,000 apartment units in the United States. In addition to its corporate headquarters in Norfolk, Virginia, HGI maintains offices in New York, Baltimore, Los Angeles, and Tel Aviv. About Dasmen Residential LLC Dasmen Residential LLC is a privately held real estate investment and management firm that owns and operates multi-family properties in major cities throughout the United States. We make opportunistic investments in growth markets and employ a range of strategies to create value and sustain long term asset appreciation. About Newmark Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries ("Newmark"), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark's comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform's global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. Newmark generated revenues in excess of $2.5 billion for the trailing twelve months ending September 30, 2021. Newmark's company-owned offices, together with its business partners, operate from over 160 offices with approximately 6,200 professionals around the world.

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REAL ESTATE TECHNOLOGY

RentPath announces integration with Rentgrata's innovative renter referral platform

Rentgrata | November 09, 2021

RentPath, a Redfin company, and leading marketing technology and services platform for the rental industry announced an exclusive partnership with apartment industry innovator, Rentgrata. As RentPath continues on its mission to provide the most immersive, informative and information-rich experience for apartment hunters, the integration with Rentgrata will allow its users to connect with current residents of apartment communities, directly from the property listing. This innovative feature is particularly relevant in the post-Covid era as it enables prospective renters to gain familiarity with locations, sight unseen. Rentgrata and RentPath share a commitment to giving prospective residents rich and meaningful insight on their journey to finding a new place to live. Moving to a new place is a huge decision and we are so pleased to be able help inform that decision for RentPath's millions of users by connecting them to potential new neighbors. With direct access to residents, they can ask the questions that are truly important to them. - Ben Margolit, Rentgrata's CEO and co-founder This integration is the latest in a number of exciting moves for RentPath, which was acquired by Redfin, a pioneer in the real estate industry, in early April 2021. We are thrilled to partner with Rentgrata, The social proof that comes from direct resident referrals in our listings represents the latest in a number of innovations we are introducing to provide the richest, most informative and immersive experience for our users. Getting insight into the experience of existing residents brings a powerful trust signal for potential renters. We believe this will help renters lease with confidence, and drive even better conversions for our customers. Everyone benefits. - Jon Ziglar, RentPath's CEO This addition to RentPath's rental search experience is one of several exciting innovations in recent weeks. Jon Ziglar and the RentPath team are attending National Multifamily Housing Council's OPTECH Conference in Washington DC this week and will be sharing updates with attendees. The RentPath team is located at booth #235 at the event and will be providing more information about this new partnership throughout the conference. About RentPath RentPath is the only marketing and automation platform that engages prospective residents through the entire renter journey, maximizing leads and occupancies with unparalleled ROI. Through its broad network of rental listing sites including rent.com, ApartmentGuide.com and Rentals.com, RentPath connects property owners and managers with over 10 million high-intent, in-market renters per month. In addition, the RentPath platform powers a full suite of best-in-class digital marketing solutions across search advertising, social media, email marketing, web chat, resident communication, reputation management and more. RentPath's holistic solutions simplify the rental search experience for renters while driving occupancies and efficiencies for property managers and owners. RentPath is a Redfin Company. About Rentgrata Rentgrata is the first renter insights platform that creates connections and builds community for multifamily communities. As the only messaging platform for prospective and current residents to connect and share feedback, Rentgrata facilitates real conversations, while delivering data that helps multifamily professionals better understand renter needs. By helping apartment buildings feel more like communities, Rentgrata reduces resident turnover and increases NOI, while offering residents the chance to capitalize on referral incentives and connect in new ways.

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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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