MARKET OUTLOOK,REAL ESTATE INVESTMENT
Origin Investments and Kovitz | January 09, 2023
Focus Financial Partners Inc., a leading partnership of independent, fiduciary wealth management firms, recently announced that it entered into a definitive agreement enabling Origin Holding Company, LLC, a Chicago, IL-based private real estate fund manager, to join forces with Focus partner firm Kovitz Investment Group Partners, LLC.
The firm will continue to provide its real estate funds under the Origin brand while retaining its leadership and investment team. The deal is anticipated to conclude in the first quarter of 2023, subject to the fulfillment of customary closing conditions.
Origin is a prominent manager of private real estate funds specializing in multifamily residential assets. The company manages multifamily property funds to provide investors with tax-efficient income, capital appreciation, and portfolio diversification. Its funds have more than 3,000 individual investors, many of whom were referred by other high-net-worth organizations. Its performance places them in the top decile of 2022's best private real estate fund managers, according to Preqin, an alternative investing data provider.
This strategic transaction will significantly expand the footprint and scale of Kovitz's private real estate fund solutions for clients, building on the company's long history of real estate investing success. Through this agreement, Kovitz will make its operational capabilities and wealth management know-how available to Origin and its investors.
Meanwhile, Berkshire Global Advisors served as Origin's primary financial advisor in this transaction.
David Scherer, Co-CEO of Origin, concluded, "In evaluating strategic partners, our objectives were to preserve and promote the continuity of our well-established brand while also gaining access to additional resources to help us better serve our funds' investors and grow our business."
About Origin Investments
Origin Investments provides best-in-class real estate solutions to HNWIs, family offices, and RIAs. It manages multifamily real estate developments in fast-growing U.S. markets. Since 2007, the company has accomplished $2.5 billion in real estate transactions, while its principals have invested $60 million. Alternative investment data source Preqin says that the company's performance is in the top 10% of the world's best private real estate fund managers.
Kovitz Investment Group Partners, LLC (Kovitz) is an SEC-registered investment adviser that serves individual and institutional customers. It connects HNWIs, institutions, and financial professionals to asset management and advising methods. It offers long-term investing options backed by rigorous research. The organization approaches financial planning and wealth management as active activities, helping clients make the right decisions.
MARKET OUTLOOK,REAL ESTATE INVESTMENT
MLG Capital | January 11, 2023
MLG Capital, a frontrunner in diverse private real estate investments, recently announced that its acquisitions in 2022 topped $1.2 billion, setting another company record.
Notably, the company's first year with $1 billion in asset acquisitions was 2021. It also continued to achieve success over the past year by acquiring 1.8 million square feet of commercial space in over 7,100 multifamily apartment units and 14 states.
MLG announced its sixth diversified fund in May 2022, aiming to raise $400 million in equity. The company's latest product, MLG Legacy Fund, also witnessed significant growth. With only two years since its establishment, the fund has already amassed over $700,000,000 in property holdings.
MLG's achievements also led to national and regional recognition in 2022. For two years in a row, Inc. 5000 named it as one of the fastest-growing private companies in the United States.
Additionally, GlobeSt. Real Estate Forum has named the company a Multifamily Influencer while Milwaukee Business Journal has named it one of Milwaukee's 'Best Places to Work'. Individual employees also earned distinctions, including Rising Star by Multi-Housing, News Woman of Influence by GlobeSt. Real Estate Forum, and so on.
Senior Vice President of MLG Capital, David Binder, said, "MLG has invested in over $5.6 billion of transactions, which is the total of sold assets and the estimated current value of current investments as of Q3 2022. This figure represents approximately 39.5 million square feet of assets, inclusive of more than 33,900 multifamily apartment units across the country, further strengthening our diverse portfolio and positioning us as a leader in the industry." He also said, "Paramount to our growth and successes this past year is the strong support and trust from our valued investor and deal partners across the country. As we look ahead to 2023, we will continue to focus on finding smart real estate deals across the country by working with best-in-class deal partners, with a dedication to transparency, absolute integrity and making a difference while making a living."
About MLG Capital
MLG Capital is a private equity investment firm and direct real estate operator. Its primary goal is to increase the value of its clients' holdings. Investors around the United States trust the company because of its solid reputation and track record of positive returns, built up over 35 years of business. The current department portfolio includes more than 33,900 apartment units. Investing with MLG Capital, the investors relish tax efficiency, prioritized returns and geographic, asset type and real estate manager diversifications.
BROKERAGE,REAL ESTATE TECHNOLOGY
Side | January 05, 2023
INFINITAS Realty recently announced a collaboration with Side, the only provider of real estate technology that works with top-performing brokers, teams, and agents to help them become market-leading boutique brands. Through this agreement, INFINITAS Realty will be able to offer its future-proof services on the market's most cutting-edge platform.
INFINITAS Realty is challenging the entire real estate sector to advance in order to reach its high standards. The team provides seamless client experiences that are complemented by its transaction coordination software, called Property Wand, and private services in staging, design, and landscaping. The company achieves this by striking a balance between a traditional work ethic and advanced technological innovations.
With the help of Side, INFINITAS Realty will be able to keep up with the ever-changing real estate industry and continue to provide excellent service to its customers. The San Francisco-based company Side provides INFINITAS Realty with a comprehensive brokerage platform that includes proprietary technology, transaction management, branding and marketing services, public relations, legal support, lead generation, vendor management, infrastructure solutions, and more. In addition, INFINITAS Realty will become part of a select group of Side partners, expanding their access to global business infrastructure.
INFINITAS Realty said that it is excited to raise the bar in the real estate industry and make changes that are much needed. It went on to say that with Side's cutting-edge marketing, technological, administrative, and legal services, the company can take its disruptive approach to new heights and assist more clients in actualizing their dreams.
Side is the first real estate brokerage platform on the market. It lets the best agents, teams, and independent brokers build and grow their businesses without managing a brokerage, which can be challenging, expensive, and risky. In contrast to consumer-facing brokerage companies, Side provides its partners with time-saving technology and superior support services so that they can focus on what is more critical, i.e., servicing their clients and communities.