Real Estate Industry Applauds President Trump's New Housing Affordability Executive Order

National Association of Home Builders | June 26, 2019

The U.S. real estate industry is giving President Trump rave reviews for signing his new Housing Affordability Executive Order this week. Greg Ugalde, chairman of the National Association of Home Builders, attended the signing ceremony at the White House yesterday and issued the following statement after President Trump signed his executive order on housing affordability.

Spotlight

Pre-Qualify. Without a pre-qualification, you are just a "maybe" home buyer. When a seller senses doubt about a buyer's ability to complete a purchase, he or she is less likely to negotiate a price and terms that are favorable to the buyer.

Spotlight

Pre-Qualify. Without a pre-qualification, you are just a "maybe" home buyer. When a seller senses doubt about a buyer's ability to complete a purchase, he or she is less likely to negotiate a price and terms that are favorable to the buyer.

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REAL ESTATE TECHNOLOGY

Carrier to Acquire BrokerBay Inc., a Leading Digital Real Estate Solutions Provider

Carrier Global Corporation | September 17, 2021

Carrier Global Corporation the leading global provider of healthy, safe, sustainable and intelligent building and cold chain solutions, has signed an agreement to acquire BrokerBay Inc., a pioneer in the development of an advanced, streamlined and user-friendly real estate management cloud ecosystem. The software's ability to reduce a brokerage's administrative workload, streamline the real estate scheduling and showing experience, as well as standardize electronic lockbox access, will strengthen Carrier's leading access solutions offering within its Fire & Security business. Supra, part of Fire & Security's Access Solutions business, has been serving the real estate industry for over 60 years, with key mobile credentialing technology deployed across an installed base of 4 million locking devices in multiple industries. Supra is a market leader in supporting real estate showings and enabled 45 million property showings in 2020. Following closing, which is expected in October, BrokerBay and Supra will provide a one-stop shop for realtors that combines scheduling and mobile lockbox access in an intuitive, user-friendly showing experience to empower agents, reduce workload and provide actionable analytics. With increasingly high volumes in real estate showings, there is a need for agents to act with speed and efficiency, This acquisition will further ensure they have the best solutions available to succeed. - Jeffrey Stanek, Managing Director, Global Access Solutions, Carrier Fire & Security. We're excited to join Carrier as we share a strong commitment to the real estate community, BrokerBay will continue delivering best-in-class solutions and integrations to all real estate agents, including Supra customers. We also look forward to joining forces in revolutionizing digital services that exceed our customers' expectations. - Costa Ntoukas, CEO, BrokerBay. The acquisition aligns with Carrier's stated business development approach of strategic acquisitions in digital and aftermarket that will drive recurring revenue for the company. The terms of the transaction were not disclosed. About Carrier As the leading global provider of healthy, safe, sustainable and intelligent building and cold chain solutions, Carrier Global Corporation is committed to making the world safer, sustainable and more comfortable for generations to come. From the beginning, we've led in inventing new technologies and entirely new industries. Today, we continue to lead because we have a world-class, diverse workforce that puts the customer at the center of everything we do.

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REAL ESTATE INVESTMENT

Aksia Completes Real Estate Specialist Alignium Acquisition

businesswire | December 02, 2020

Daylight Retirement Living, a family-claimed business with 34 senior networks in 16 states, today reports an extended rollout of its health program supporting memory care inhabitants with Alzheimer's infection or different dementias. As of now guiding in 15 memory care areas, the all encompassing, Montessori-style program involves spearheading treatments and courtesies including Sensory Spas, the MIND Diet, circadian beat light treatment, ionized air sifting, and Virtual Reality treatment to improve inhabitants' personal satisfaction. Montessori-style Care: Sunshine's Montessori-attached way to deal with dementia care gives tangible and intellectual incitement to help inhabitants reconnect recollections, relearn aptitudes, and return to positive feelings to help diminish nervousness. While the Montessori strategy was at first created for youth instruction, Sunshine has adjusted the program to respect the age and encounters of its inhabitants.

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REAL ESTATE INVESTMENT

Ashcroft Capital and SFO Capital Partners Acquire a 388-Unit Multifamily Housing Community in Atlanta

Ashcroft Capital | June 20, 2022

Ashcroft Capital, a New York-based fully integrated multifamily investment firm, and SFO Capital Partners, a London-based global real estate investment management firm, today announced their joint acquisition of Elliot Gateway (formerly Discovery Gateway), a garden-style community located in Marietta, Ga., one of metro Atlanta's thriving suburbs. The transaction marks the first joint venture between the two companies. The community features 388 apartment homes and marks Ashcroft's sixth community in metro Atlanta, a market the company entered just more than a year ago, and SFO Capital Partners' 19th acquisition in the U.S. housing sector. Birchstone Residential, Ashcroft Capital's in-house property management company, has assumed day-to-day management of Elliot Gateway. We are honored to partner with such a respected institutional firm as SFO Capital Partners, and we look forward to expanding this relationship in the future. We are also excited to expand our presence in the Atlanta market. Atlanta is a market with exceedingly positive multifamily fundamentals that bode well for our value-add strategy." Frank Roessler, founder and CEO of Ashcroft Mohamad Abouchalbak, CEO of SFO Capital Partners, said: "We are thrilled to partner with Ashcroft Capital on this exciting acquisition in Atlanta, a metro with robust macroeconomic fundamentals, favorable demographics and a clear growth outlook. To date, SFO Capital Partners has acquired over USD1 billion of U.S. housing assets comprising more than 7,500 units located across the nation's fastest growing metro areas. This has demonstrated our continued conviction in the sector. We are looking forward to growing our successful partnership with Ashcroft Capital." Elliot Gateway sits in the South Cobb/Cumberland Galleria submarket in Marietta. The booming submarket is home to a large and growing concentration of office space, a robust inventory of industrial properties, a substantial number of military personnel supporting Dobbins Air Reserve Base and highly regarded public schools. According to census data, the submarket has added the highest number of renter households with a bachelor's degree of any metro Atlanta submarket in recent years, helping drive demand for high-end apartments in the area. The submarket is also home to Truist Park (home of the Atlanta Braves) and the surrounding Battery Atlanta mixed-use development. Fortune 500 companies with offices in the area include TKE, Synovus, Genuine Parts, Comcast and HD Supply. "This tremendous submarket combined with our renovation plans, our growing 'boots on the ground' in Atlanta and the operational expertise of Birchstone Residential all set the stage for Elliot Gateway to excel and become one of the most desired apartment communities in the area," said Scott Lebenhart, chief investment officer at Ashcroft Capital. "This property and the surrounding area have so much going for them that we could not be more bullish about how Elliot Gateway will perform moving forward." In-home improvements, which will be executed by Birchstone's construction team, will include the addition of quartz countertops, stainless steel appliances, tile backsplashes, faux-wood flooring, upgraded plumbing and lighting fixtures, new cabinet fronts with brushed nickel pulls and 2-inch faux-wood blinds. Other improvements will include a landscaping update, the replacement of pool-area furniture, the installation of a package locker system and the implementation of a valet trash service. Situated at 720 Franklin Gateway SE, Elliot Gateway was built in 1984 (30 of the units were constructed in 2021). The gated property offers one-, two- and three-bedroom homes. Community amenities include a resort-inspired swimming pool, a new clubhouse and fitness center, playground, soccer field, outdoor kitchen and barbecue area. About Ashcroft Capital Founded in 2015, Ashcroft Capital is a vertically integrated multifamily investment firm that has acquired more than 14,600 apartment homes spanning nearly 50 communities since its inception. It now has approximately $2 billion in assets under management throughout several high-growth metros of the Sun Belt. The firm focuses on capital preservation while striving to return strong, risk-adjusted cash-on-cash to investors. Ashcroft is capitalized with high net worth, family office and institutional capital. Ashcroft specializes in value-add multifamily real estate and exhibits an expertise in extracting maximum value from every asset it acquires. Rather than attempting to play cycle timing, the firm strives to acquire excellent apartment communities within well-located submarkets of large and growing U.S. metros. About SFO Capital Partners SFO Capital Partners is a London-based global real estate investment management firm focused on investing in high quality assets acquired at attractive valuations with a clear path to value creation. SFO Capital Partners adopts disciplined investment strategies organized by asset classes and geographies. SFO Capital Partners hands-on approach to investing combines entrepreneurial agility with best-in-class practices, consistently delivering superior risk adjusted returns to its private and institutional investors. SFO Capital Partners has acquired in excess of USD2.0 billion of assets located in Europe and the USA (as of May 2022). About Birchstone Residential Birchstone Residential is the in-house property management company of Ashcroft Capital. It has a comprehensive property management platform that provides all essential services, including leasing, maintenance and construction management. Birchstone was purpose-built to execute the value-add business plan for each Ashcroft property, optimize financial returns and deliver high resident satisfaction. Committed to a people-centric culture and employee development through job training, job enrichment and accelerated development, Birchstone seeks to provide best-in-class service that attracts new residents and enriches the lifestyles of current residents.

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