preREO Launches New Platform for Real Estate Investors to Connect With New Opportunities

preREO | July 01, 2020

preREO Launches New Platform for Real Estate Investors to Connect With New Opportunities
preREO is excited to announce the launch of a new platform that connects real estate investors with new opportunities directly from lenders, maximizing the return on investment while improving the local community. A preREO is a delinquent first mortgage secured by a vacant property, typically a single-family home or condo. These vacant properties become a burden on lenders, incurring significant property preservation costs and often leaving local communities with the blight of abandoned and deteriorating homes. "preREO is a solution for lenders who are ill-equipped to maintain these homes from afar," said CEO Jorge Newbery. "We are delighted that, for the first time, community investors can use their local advantage to take control of these properties during the foreclosure process. preREO is a step-by-step program that can help solve the nationwide vacant home problem for lenders, communities and investors."

Spotlight

Our roots began in translation but what we do today goes well beyond – from content creation to linguistics, to artificial intelligence (AI). We create global relevance, driven by humanity and amplified by technology. Connecting our customers with their communities and driving brand awareness.

Related News

REAL ESTATE TECHNOLOGY

Kontakt.io Integrates with IBM TRIRIGA to Transform Real Estate Management with Near Real-Time, AI-Driven Space Occupancy

IBM TRIRIGA | September 28, 2021

Kontakt.io, a global leader in Bluetooth™ powered IoT solutions, announced an integration with IBM's AI-powered workplace management systems to deliver near real-time occupancy solutions that help address the challenges of today's workspaces, driving better realty planning, improved employee experience and enabling resilient, flexible workplaces. The integration of Kontakt.io- with IBM TRIRIGA is expected to deliver AI-powered utilization insights across portfolios, near-real time occupancy monitoring and space management tools supporting existing IoT infrastructure already used in many offices, for example Cisco's Catalyst and Meraki access points. Facility operators face mounting pressures to increase realty utilization and cut costs in a world of uncertainty and new workplace flexibility are creating the need for new technologies in the workspace - a need this collaboration between IBM TRIRIGA and Kontakt.io plans to address. New requirements around workplace health and building carbon footprint reduction are just some of the challenges indoor IoT solutions are here to help solve. - Mr. Rom Eizenberg, CRO at Kontakt.io IBM TRIRIGA Building Insights delivers AI-powered utilization insights by leveraging IoT data and TRIRIGA Space Management plans. Enterprises can collect and connect data from multiple IoT technologies including Kontakt.io's Bluetooth® Low Energy (BLE) room sensor and smart employee cards. Kontakt.io's nine-in-one Portal Beam room sensor for example, allows for LIVE space occupancy monitoring, at chair, desk, room and floor level, while at the same time supporting mobile phone indoor navigation, and monitoring of light, air quality, temperature, humidity, carbon monoxide and other environmental data. Kontakt.io also anonymizes data and uses thermal sensing for occupancy monitoring - without capturing or storing employee images to help address privacy. Through this collaboration, IBM expects to be able to expand on current plug-and-play indoor IoT solutions available to TRIRIGA customers, advancing the vision of Smart Buildings and the connected versatile work environment. Adding near real-time, room-level location occupancy and environment monitoring capabilities is a demand that frequently comes from the field. About IBM TRIRIGA IBM TRIRIGA® is an intelligent real estate and facilities management solution. Through the smart application of data, IoT and AI, TRIRIGA can help customers unlock key information and insights, and gain greater visibility into space and facility utilization, occupant experience, capital projects, and lease administration and accounting. With TRIRIGA, customers can get the most out of their real estate investments regardless of size, scale and configuration. About Kontakt.io Kontakt.io Inc. is the global leader in Bluetooth™ powered IoT solutions supporting more than a thousand partners and over 22,000 end-users with products and solutions that connect people, locations and things. Their cloud services and managed IoT device solutions help enterprises eliminate inefficiencies, improve productivity and increase workplace safety. Kontakt.io delivers solution components and complete, turn-key, cloud-managed solutions that enable customers to quantify buildings and better understand how people, things, workspaces and the environment interact. From healthcare to smart buildings, they manage millions of BLE IoT devices deployed in buildings across the globe.

Read More

REAL ESTATE TECHNOLOGY

Ben Blakney is promoted to President by Mesirow Institutional Real Estate Direct

prnewswire | November 12, 2020

Mesirow Institutional Real Estate Direct is pleased to announce the promotion of Ben Blakney to president effective November 1, 2020. Since joining Mesirow Financial in 2014, Ben has held numerous senior positions within the multi-family value-added real estate team, most recently as senior managing director and head of strategic solutions where he led the development and implementation of client solutions and supported the group's growth efforts. IRED is an integral part of Mesirow's Global Investment Management division, with $3.4 billion in AUM, and has invested in approximately 34,000 multi-family units in 23 cities nationwide. Assets are diversified across suburban and urban properties and US geographic regions.

Read More

REAL ESTATE INVESTMENT

NAS Investment Solutions Acquires New Class-A, Indiana Office Property

NAS Investment Solutions | December 22, 2021

NAS Investment Solutions (NASIS), a national sponsor of high-quality real estate investment properties with a nationwide reputation for acquiring elite commercial real estate with investment grade tenants, has acquired a prime Class-A, office property in South Bend, IN. Newly constructed in 2021, the 82,064 square-foot office building serves as the national headquarters for Press Ganey, the area's fifth largest employer and a leading provider of performance measurement and improvement services to U.S. healthcare providers. The company currently has 1600+ employees in 23 locations across the U.S. and over 41,000 customers, including over 80% of the largest U.S. hospitals and medical service providers. Press Ganey has a 98% customer-retention rating. Assuming responsibilities for asset management and property management for the newly acquired investment is National Asset Services (NAS), one of the Nation's leading commercial real estate companies. Since 2008, NAS has served over 2,500 investment clients and has established an impressive track record for investment property management. The track record includes generating over $585 million in cash distributions to property investors and managing a commercial real estate portfolio of 169 diverse commercial properties, comprised of 24.422 million square-feet, in 30 states. The overall value of NAS' managed portfolio in the company's 12-year history, totals over $3.325 billion. We are extremely proud to have delivered an elite, trophy-class property to our investment clients while expeditiously closing the transaction for our 1031 Exchange investors, This property acquisition is the direct result of our tenacious acquisitions team, our exhaustive underwriting process and our transactions management expertise." Karen E. Kennedy, President and Founder of NAS Investment Solutions and National Asset Services. NASIS was represented by Paul D. Rubenstein, Attorney in Los Angeles, CA for the acquisition of the property. Located less than two miles southwest of downtown South Bend, the Press Ganey property's structure and design were recognized by the Indiana Kentucky Associated Builders and Contractors with the 2021 Award of Excellence in Construction. The 6.8-acre site consists of approximately 408 surface parking spaces and features a unique 4,800 square-foot rooftop employee patio lounge. About NAS Investment Solutions (NASIS) NAS Investment Solutions was established to leverage National Asset Services' vast experience in investment property management by identifying, acquiring, and enhancing commercial real estate investments across all sectors of the real estate industry. About National Asset Services (NAS) Headquartered in Los Angeles, California, NAS manages a wide range of diverse commercial real estate: Office, medical office, multifamily, retail, student housing, assisted living and industrial flex properties. The company manages sole-owned and multi-owner properties. NAS offers a wide range of asset management capabilities. They include property management; project management; lease administration; acquisition and disposition services; real estate strategy analysis; long-range business objectives; monitoring changing market conditions; investor relations; real estate and investor accounting; loan modification and workout solutions; exit and hold strategies; leasing & marketing; tenant retention plans; research studies; site selections; feasibility studies; insurance risk management; capital improvement planning and tracking; property tax appeal services and cost segregation services.

Read More

Spotlight

Our roots began in translation but what we do today goes well beyond – from content creation to linguistics, to artificial intelligence (AI). We create global relevance, driven by humanity and amplified by technology. Connecting our customers with their communities and driving brand awareness.