REAL ESTATE INVESTMENT
Lloyds Auctioneers & Valuers Pty Ltd | October 11, 2021
The innovative online auction house is proving to be a disruptor in yet another market, with the combination of properties starting at just $1, a gazump-free guarantee and accepting all forms of payment including cryptocurrency, Lloyds is challenging the traditional real estate model.
Throughout COVID lockdowns this veteran auction house has used high quality audio/visual walkthroughs of each property along with millions of items sold, to morph itself over the last 5 years into a digital disruptor of over a dozen different verticals including art, classic cars, diamonds, NFT's and earthmoving machinery.
The Lloyds Auctions platform operates with a combination of live on-site bidding, online bidding, phone bidding and absentee bidding that all simultaneously combine to create the same live auction experience, and for bidders unable to attend physically Lloyds live streams a multi-camera simulcast production worldwide.
The use of cryptocurrency as a payment method is becoming more commonly used for purchases as confidence surrounding cryptocurrency gets stronger. This opens up our platform to a whole new audience who otherwise might not have been interested in purchasing property, This is an online auction first and we are extremely excited to offer this new technology to our ever growing worldwide clientele base expanding our company into a new division in a way that no other auction house has done before.
- Lee Hames, Chief Operating Officer for Lloyds Auctioneers and Valuers.
The first online property auctions were launched 3 days ago with millions of dollars of bids already received it looks like bidders are more than comfortable with this new online real estate model.
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INVESTMENTS
Dreamscape | December 14, 2021
A joint-venture between affiliates of Dreamscape Companies and Meritage Group LP completed the acquisition of the Nashville Holiday Inn & Suites Downtown, a newly constructed hotel situated in the heart of Downtown Nashville in the city's vibrant SoBro (South of Broadway) neighborhood. This purchase marks Dreamscape's second hospitality transaction in the city in 2021, having acquired The Sheraton Grand Nashville Downtown in June. The purchase of this 230-room hotel underscores Dreamscape's commitment to expanding its presence in the Nashville market, as well as identifying prime growth opportunities in key regional areas across the country.
"We are very pleased to be partnering with Meritage on this exciting deal. Nashville has long signified an area of keen interest for us, and after entering the market earlier this year with the purchase of The Sheraton Grand Nashville Downtown, we immediately knew that we wanted to expand our footprint in this booming city, which continues to attract tourists from all over the country as well as across the globe."
-Eric Birnbaum, Founder and CEO of Dreamscape Companies
"We are thrilled to be expanding our presence in Nashville given the strong market fundamentals. This transaction marks Dreamscape's fifth acquisition in the last year and fits squarely into our thesis to acquire assets in high-growth markets at an attractive basis."
-Scott Broder, President of Dreamscape Hospitality
The Nashville Holiday Inn & Suites Downtown, located at 415 4th Avenue South, has been outfitted with 230 rooms and 8,700 square feet of first-class meeting space, making it an ideal establishment for leisure and business travelers alike. The property, which opened its doors just two years ago, also includes the street front cocktail bar and restaurant, 4th and Peabody, which is preparing to undergo a thoughtful renovation, as well as an on-site parking garage. In addition to reimagining the hotel's dining concept, Dreamscape is also planning to integrate additional retail concepts within the property's expansive lobby.
"We are pleased to partner with Dreamscape to acquire another leisure-oriented, new construction hospitality asset in a dynamic growth market. This is a continuation of Meritage's broader commitment to investing in downtown Nashville, which began in 2017, and this marks our fifth investment in Nashville of strategically located, urban-core assets."
-Jared Halperin, a Managing Director at Meritage
Located just a short walk from the city's ever-bustling and widely trafficked Broadway strip, the Nashville Holiday Inn & Suites Downtown places visitors in close proximity to Bridgestone Arena; Music City Center, the city's convention center; and other iconic institutions and landmarks. Additionally, those craving the best Nashville has to offer will delight in knowing that the hotel is situated just across the street from Nashville's famous barbeque restaurant, Martin's BBQ Joint.
About Dreamscape
Dreamscape's mission is to create long-term financial prosperity through a diversified portfolio of differentiated, forward-thinking real estate projects. Led by Founder and CEO Eric Birnbaum, Dreamscape owns and operates residential, retail, hospitality, entertainment and gaming properties, (re)developing experience-centered spaces that focus on maximizing each property's intrinsic value.
About Meritage Group LP
Meritage is a fundamentally-oriented investment firm with assets under management in excess of $11 billion as of December 31, 2020. Meritage invests in public and private equity, credit and real estate. The firm has approximately 50 employees in offices located in Greenwich, New York City, and San Francisco.
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REAL ESTATE TECHNOLOGY
Scioto Properties | June 28, 2021
Scioto Properties, LLC, the largest provider of housing for people with disabilities in the United States, which also serves the traumatic brain injury, mental health treatment, substance abuse, and adult day services markets with sale-leasebacks and build-to-suits, announced the acquisition of two commercial campuses and one residential property from Pate Rehabilitation Endeavors, Inc. on Friday, June 18, 2021.
Pate Rehabilitation, a traumatic brain injury provider with a 30-year track record of superior patient outcomes based in Dallas, Texas, was acquired on June 18, 2021, by the Rehab Without Walls Neuro Rehab unit of BrightSpring Health Services, based in Louisville, Kentucky, a provider of both clinical and nonclinical habilitative care services for people of all ages, health and skill levels, ac
About Scioto Properties
Scioto Properties has been assisting healthcare companies of all sizes with their real estate requirements for over 20 years. Scioto is a nationwide real estate business that is the biggest supplier of housing for individuals with disabilities in the United States. It also serves the traumatic brain injury, psychiatric, drug addiction, and adult day markets. The company is dedicated to creating and investing in high-quality housing and healthcare real estate. We are dedicated to creating and investing in high-quality housing and healthcare real estate.
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