REAL ESTATE TECHNOLOGY,MORTGAGE AND LENDING
3650 REIT | January 04, 2023
3650 REIT, a national commercial real estate lender with a $13.1 billion loan portfolio for relationship borrowers, has announced the launch of its new Transitional Lending platform. The main goal of the new platform is to make transitional loans for borrowers who want to do recapitalization or certain other transactions.
With the platform launch, 3650 will now be able to provide borrowers with a complete range of financing options across the property life cycle in a market where banks and other alternative lenders are pulling back.
The Transitional Lending platform is a new addition to 3650's existing Bridge and Event Driven (BED) and Stable Cash Flow platforms. It offers flexible loan structures for cash-flowing or newly built projects with a clear path to stabilization. About $500 million in transitional loans are expected to be made through the new platform in 2023.
3650 REIT said that in today's uncertain capital markets, the company must give borrowers various loan options to cover the wide range of deals being made. This new platform is an important and exciting step forward to help the growth process.
In this real estate cycle, transitional lending fills borrowers' financing gaps. Those who take these loans will also get customized short-term financing options and business plans for each property. 3650, which has the infrastructure and staff to fund these projects, will book its first loan on the new platform in 2023.
In terms of loans originating via its BED and Stable Cash Flow platforms, 3650 had $1.66 billion by the end of 2022.
About 3650 REIT
3650 REIT is a commercial lender that makes portfolio loans and takes care of them for relationship borrowers all over the country. Because of its unique way of investing, national scale, vertically integrated platform, and status as a rated special servicer, it can offer customized financing options, high-touch service, and reliable results that are centered on the customer. Meanwhile, 3650 REIT manages its portfolio efficiently by retaining investment risk.
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MARKET OUTLOOK, REAL ESTATE INVESTMENT
PRweb | March 29, 2023
Global real estate brokerage The Agency proudly announces the launch of its first franchise office in Ontario’s York Region. The new locale, which will be known as The Agency York Region, is the firm’s 16th office in Canada, joining the brokerage’s growing network of more than 75 offices in the U.S., Canada, Mexico, the Caribbean, and Europe. The York Region office will be led by industry veterans Katia and Steve Bailey, and Niusha Walker who will serve as Managing Partners, and Adolphe Khouri who will serve as Managing Director.
“Our brand new office in Ontario’s York Region is an exciting next chapter for The Agency as our brand continues to expand throughout sought-after regions in Canada,” said Mauricio Umansky, CEO and Founder of The Agency. “We’re delighted to partner again with Katia and Steve Bailey, as well as Niusha Walker and Adolphe Khouri, who are all well-respected leaders and innovators in our industry.”
The Agency has rapidly expanded its presence across the globe throughout the past year, making it one of the fastest-growing luxury boutique brokerages in the world. The Agency’s independent-owned brokerages are referred to and integrated as true global partners. Every Managing Partner, from both corporate or independently-owned offices, operates cohesively as one true global network. Rather than simply using brand likeness in their marketing, The Agency’s global partners enjoy the same access to leadership, marketing, public relations, training, tools, and technology as our corporate offices. In Q1 of 2023 alone, The Agency has launched seven new offices, including the new office in the York Region, with more on the horizon in the coming months.
“Our strategic expansion in Canada has been exceptional as we continue to seek like-minded partners who embody The Agency brand,” said Jim Ramsay, Executive Vice President of Franchise Sales at The Agency. “We’re thrilled to continue our work with Katia and Steve Bailey, as well as Niusha Walker and Adolphe Khouri as we debut our new office in the York Region, bringing our world-class offerings to buyers and sellers throughout the area.”
Katia Bailey serves as Broker of Record and Managing Partner of several of The Agency's Canadian offices including Waterloo Region, Oakville, Muskoka, Brantford, Toronto West, and now York Region, bringing a true passion for real estate and an authentic, people-forward approach to running the brokerage. Since launching her career in real estate operations and marketing over 17 years ago, she has successfully managed a team that has produced more than $1 billion in sales. Katia’s accessibility to her agents and their clients, expedient work ethic, keen attention to detail and love for the nuanced processes that take place behind the scenes of every transaction make her an essential resource. Katia’s passion lies in making genuine connections and creating and delivering cutting-edge and strategic marketing. As the former Operations Manager for The Bailey Team, she helped her husband and business partner, Steve Bailey, grow the team to more than 20 agents and multiple administrators. The Bailey Team ranked #9 in Canada and #21 in the world for RE/MAX before launching at The Agency, overseeing more than a billion in sales and thousands of transactions.
Steve Bailey, Broker and Managing Partner of multiple Agency offices, including Waterloo Region, Oakville, Muskoka, Brantford, Toronto West, and now York Region, is a seasoned real estate professional who has achieved more than $1 billion in sales over his decade-and-a-half-long career. Steve’s diligence, forthrightness and authenticity have made him an in-demand real estate advisor for clients throughout Canada. Prior to joining The Agency, Steve earned numerous awards for sales achievements and career excellence during his tenure at Re/MAX. A skilled communicator and world-aware market expert, Steve has a degree in Business from Wilfrid Laurier University. Though Steve has a broad-reaching knowledge of the local real estate landscape and can serve a range of clients, he is particularly passionate about luxury real estate and guiding clients through the sale of their homes.
“With each Agency office we open, we’re reminded of the brand’s dominance and the burgeoning demand for it throughout Canada - our new office in the York Region is no exception,” said Katia and Steve Bailey. “We’re looking forward to ushering in a new era of real estate to the area with The Agency’s groundbreaking offerings, blue-chip service, and incomparable marketing power.”
An award-winning real estate professional with nearly a decade of experience in property investing, Niusha Walker holds a vital leadership role at The Agency York Region, where she serves as Managing Partner. Specializing in assisting buyers, sellers, and investors within the Greater Toronto Area. Niusha adeptly provides highly personalized, white glove service to her clients while closing record-setting sales with poise and ease. In addition to achieving more than $40 million in sales in her first two years as an agent, Niusha has been presented with the Diamond Elite and Ruby Elite Awards from her previous brokerage, Engel & Völkers, which awarded agents who reached a specific gross commission income. Niusha is also a Certified Luxury Home Marketing Specialist and Certified International Property Specialist. Raised in Richmond Hill, Ontario, which is located in the York Region, where she still resides, Niusha is deeply familiar with the area’s unique neighborhoods and stays up-to-date on its ever-evolving market trends. Among Niusha’s many talents are her meticulous attention to detail, her ability to use thoughtful cross-market strategies to showcase exceptional homes to exclusive audiences, and negotiating powerfully to best serve her clients.
“The Agency is making its mark across prominent destinations throughout Canada, and our office in the York Region will further differentiate the brand from other renowned brokerages in the area,” said Niusha Walker. “As a long-time resident of the York Region, I am thrilled to be leading a team in one of the most special markets in Ontario.”
As Managing Director of The Agency York Region, Adolphe Khouri effectively and compassionately mentors teammates and guides clients through every aspect of today’s real estate market, leading with enthusiasm and confidence rooted in more than nine years of extensive industry experience. A highly respected top producer, Adolphe was named a Rising Star by The Agency in 2020 and is co-founder of WA Monteiro Group, a real estate group within The Agency that he founded alongside his life partner Woodrow Monteiro. Adolphe is passionate about every aspect of the home buying and selling process. Known for his unflappable work ethic and professional demeanor, Adolphe first entered the real estate realm as a manager of a more than 75-unit luxury corporate rental building in Downtown Toronto. Raised in Windsor, Ontario, Adolphe attended the University of Windsor and graduated with a dual degree in sociology and communications studies.
With solid infrastructure, The Agency has a renowned brand that is featured on international television shows including Million Dollar Listing Los Angeles, The Real Housewives of Beverly Hills, and Buying Beverly Hills, which debuted on Netflix on November 4, 2022. The Agency has grown to more than 70 corporately owned and franchise offices across the globe, making it one of the fastest-growing luxury boutique brokerages in the world. Poised for further expansion with like-minded partners in strategic markets, The Agency is noted by The Financial Times as one of America’s Fastest Growing Companies and has ranked among Inc. 5000’s list of fastest-growing private companies in the country for six consecutive years. Recently, The Agency ranked 21st on the 2022 RealTrends 500 list, and led the top 50 firms in average sales price by sides with a $2.5 million average sales price. In August 2022, Inman named The Agency Luxury Brokerage of the year.
The Agency
The Agency is an agent-first, tech-driven boutique luxury global brokerage representing clients worldwide in a broad spectrum of classes, including residential, new development, resort real estate, luxury leasing and vacation rentals. Breaking away from the traditional brokerage model, The Agency takes a collaborative approach to the business, fostering a culture of partnership in which all clients and listings are represented in a collaborative environment. Agents and clients benefit from the shared resources and networks of the entire global team, including in-house creative, public relations and cutting-edge technology divisions. The Agency has closed more than $57 billion real estate transactions since 2011, comprising over 70 offices in ten countries, and counting, as one of the fastest-growing boutique, luxury real estate brands in the world. Watch The Agency on Buying Beverly Hills, a new real estate occu-soap highlighting the high-stakes world of luxury real estate in Los Angeles, currently streaming on Netflix.
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MARKET OUTLOOK, REAL ESTATE INVESTMENT
Savills | January 20, 2023
On January 19, 2023, New York-based real estate company Savills informed that it is increasing its footprint in the North American market by launching a new office in Montreal.
Antoine Dumas will take on the role of Associate at the company. Brandon Allen, Erik Charton, Paul Fischlin, and Stéphane Robillard will take on the roles of Executive Vice President at the company, while Robin Blanchard will take on the role of Vice President. Meanwhile, George Manousos will take on the role of Vice President and Agency Executive Officer. The group's main areas of expertise will be industrial leasing, investment sales, and capital markets.
Vice Chairman Rick Schuham stated, "Savills has strategically opened locations in key markets throughout Canada, and Montreal was a natural next step for our first location in the province of Quebec." He further added, "We have recruited the market's most seasoned industrial brokerage group to establish our location in Montreal. Bringing together this group of top-producing real estate advisors strengthens our ability to deliver market-ready solutions and services in North America and allows us to expand our geographical coverage into Southeast Canada.”
(Source – Cision PR Newswire)
Savills benefits from the combined expertise of a workforce that, on average, has been in the sector for twenty years. The team represented clients across the industrial spectrum in 2022, including cold storage, warehousing, ports, airports, global infrastructure, distribution and logistics, flex space, land sales, and research and development. The team brokered over $800 million in real estate transactions across Canada. It provides a diverse selection of real estate services, such as tenant representation, landlord and vendor representation, built-to-suit advice, and investment sales.
Gregg Healy, Head of Savills Industrial Services, stated, "The industrial sector in Montreal has remained resilient post-pandemic, with strong investment sales and leasing velocity." "Montreal has a rich mix of industries, including life sciences, financial services, manufacturing, transportation, technology, and healthcare, that have continued to invest heavily in establishing operations in the market. We look forward to tapping into the new team's expertise to drive growth for industrial services throughout Canada," he concluded.
(Source – Cision PR Newswire)
About Savills
Savills supports businesses in discovering employee success solutions. Its integrated teams of brokers and consultants are real estate experts. The company's tenant advocacy, capital markets, project management, labor and incentives strategy, workplace design, and occupant experience have improved local and global workplaces for 160 years. The company is owned by Savills plc, which has over 35,000 specialists and 700 offices globally.
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