Realogy Affiliated Agents Lead Lead AREAA 2020 A-List

Realogy Holdings Corp. | July 24, 2020

Realogy-affiliated agents have achieved another strong showing on the latest AREAA A-list, the Asian Real Estate Association of America's annual list of the top producing agents and teams among its over 17,000 members that serve Asian American communities. Featuring more agents than any other company on the list, Realogy represents 20% of the Individuals by Sides category, including the No. 1 ranked agent. Realogy also leads with 20% of the Individuals by Volume category, including the No. 7 ranked agent.

Spotlight

Sona Visual one of Calgary's most recognized media companies for the real estate and property industry. We understand the importance of media marketing and help residential and commercial clients achieve the exposure they deserve. We provide services such as HDR photography, HD property video tours, custom profile video production, measuring & floor plans, aerial drone cinematography and photography, feature sheets, and virtual staging.

Spotlight

Sona Visual one of Calgary's most recognized media companies for the real estate and property industry. We understand the importance of media marketing and help residential and commercial clients achieve the exposure they deserve. We provide services such as HDR photography, HD property video tours, custom profile video production, measuring & floor plans, aerial drone cinematography and photography, feature sheets, and virtual staging.

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REAL ESTATE INVESTMENT

Capital Square Acquires Multifamily Community in Knoxville, Tennessee, for DST Offering

Capital Square | June 07, 2022

Capital Square, one of the nation's leading sponsors of tax-advantaged real estate investments and an active developer of multifamily communities, announced the acquisition of Village at Westland Cove, a Class A, 240-unit multifamily community in Knoxville, Tennessee. The community was acquired on behalf of CS1031 Village of Westland Cove Apartments, DST. This is Capital Square's sixth acquisition of a multifamily community in Tennessee for the DST/1031 exchange program. Village at Westland Cove is located in one of the hottest housing markets in the nation for 2021.1 Employment in the area is exceptionally strong, with the Oak Ridge Reservation and National Laboratory, operated by the U.S. Department of Energy, only 19 miles away, generating 14,667 full-time jobs and wages totaling over $1.3 billion." Louis Rogers founder and chief executive officer of Capital Square Completed in 2019, Village at Westland Cove is located at 9635 Westland Cove Way along Interstate 140. The 28.2-acre luxury multifamily community sits on the shore of scenic Fort Loudoun Lake. It offers one-, two- and three-bedroom units averaging 1,147 square feet with best-in-class amenities. The community features include a state-of-the-art fitness center, Amazon lockers and coolers for grocery deliveries, car care center, two pet play areas, coffee bar, business center, food truck nights, gaming patio with bocce ball court, outdoor firepit, outdoor kitchen, club house, swimming pool, kayaks available to residents, as well as lake access via a resident dock. Village at Westland Cove is located within close proximity of The Pinnacle at Turkey Creek, a 650,000-square-foot shopping center that includes more than 65 retail stores and restaurants. The property is in the 10th hottest housing market in the country for 2021,1 with a 5-year value increase of 55%, according to Zillow Group. Turkey Creek Medical Center, a Level III trauma center that is part of Tennova Healthcare, lies within two miles of the property. Situated further along the I-140 and I-40 are attractions such as Knoxville Museum of Art, Market Square and Zoo Knoxville. The Oak Ridge Reservation, operated by the U.S. Department of Energy and home to Oak Ridge National Laboratory, is approximately 19 miles from the Village at Westland Cove and is the largest employer in the area. According to the East Tennessee Economic Council, approximately 14,667 full-time jobs were directly provided by the DOE and its major contractors within Tennessee in 2020, with annual wages and salaries totaling nearly $1.311 billion.2 WBIR.com reports that Bill Lee, Tennessee's governor, recently announced a $72 million budget for the UT-Oak Ridge Innovation Institute, a collaboration between the University of Tennessee and Oak Ridge National Laboratory, in a bid to attract and maintain science, technology, engineering and mathematics (STEM) talent in the Knoxville area.3 "Village at Westland Cove is an exceptional multifamily property located in an idyllic setting with luxury amenities throughout," said Whitson Huffman, chief strategy and investment officer. "The local economy is thriving, with low unemployment, high average household income and growing demand for high-end apartment living such as that provided to the residents of Village at Westland Cove." Data from Esri shows the average household income within a three-mile radius of the property reaches approximately $130,000. According to Yardi Matrix, Knoxville's rental rates are rising along with demand, with 18% year-over-year rent growth and 98.1% average occupancy as of March 31, 2022. The Bureau of Labor Statistics reports that Knoxville witnessed an increase of over 19,000 job opportunities since February 2021, with unemployment rates reaching 2.8%. According to the BLS, job opportunities in the area should continue to grow with 3M Company announcing plans to invest approximately $470 million to expand their manufacturing facility in the Knoxville MSA, creating 600 new jobs by 2025.4 Taylor Bird, Nelson Abels, Robert Stickel, and Alex Brown of Cushman & Wakefield represented the seller. Bird, executive director of Cushman & Wakefield, noted, "The Village at Westland Cove offers a truly unique asset coupled with an unrivaled amenity package, interior finishes and beautiful water views." CS1031 Village of Westland Cove, DST seeks to raise $52.8 million in equity from accredited investors and has a minimum investment requirement of $50,000. Since its founding in 2012, Capital Square has acquired 146 real estate assets for approximately 6,000 investors seeking quality replacement properties that qualify for tax deferral under Section 1031 of the Internal Revenue Code and other investors seeking stable cash flow and capital appreciation. About Capital Square Capital Square is a national real estate firm specializing in tax-advantaged real estate investments, including Delaware statutory trusts for Section 1031 exchanges, qualified opportunity zone funds for tax deferral and exclusion and a real estate investment trust (REIT). In recent years the company has become an active developer of multifamily properties in the southeastern US, with eight current projects totaling approximately 2,000 apartment units with a total development cost in excess of $600 million. Since 2012, Capital Square has completed more than $5.6 billion in transaction volume. Capital Square's executive team has decades of experience in real estate investments. Capital Square's related entities provide a range of services, including due diligence, acquisition, loan sourcing, property/asset management, and disposition, for a growing number of high-net-worth investors, private equity firms, family offices and institutional investors. Since 2017, Capital Square has been recognized by Inc. 5000 as one of the fastest growing companies in the nation for four consecutive years. In 2017, 2018 and 2020, the company was also ranked on Richmond BizSense's list of fastest growing companies. Additionally, Capital Square was listed by Virginia Business on their "Best Places to Work in Virginia" report in 2019 and their "Fantastic 50" reports in 2019 and 2020.

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HOME AND DESIGN

HomeStars Launches Home Renovation Flexible Refinancing in Partnership with Perch To Help Canadian Homeowners Bring Their Dream Home to Life

HomeStars | May 19, 2022

HomeStars, Canada’s largest network of verified home service professionals, is proud to announce a new partnership with Perch, a technology platform offering homebuyers and homeowners the financial insights they need to build wealth through real estate. This first-of-its-kind partnership will help homeowners find flexible refinancing solutions to fund their renovation and home improvement needs. Through the new partnership, HomeStars offers a refinancing option to Canadian homeowners looking to make home renovations, repairs, or improvements. Homeowners can now receive cash based on the equity in their homes and use these funds for home improvement projects. We couldn’t be more excited to partner with Perch and offer Canadian homeowners flexible refinancing options to fund their home renovations. It’s been a difficult year for Canadians, with the volatile housing market and economic pressures making purchasing newer homes less accessible and forcing many Canadians to stay in their homes longer. This partnership will allow homeowners to increase the value of their homes and make the much-needed improvements to their homes. This is a great opportunity to provide Canadians with an alternative to financing to give them continued comfort in their homes and live in a space they’re proud of.” Shir Magen, CEO of HomeStars The 2021 HomeStars Reno Report reported that 20 percent of Canadians needed financial assistance to execute home renovations, and many put off home improvements due to the daunting costs associated. With the current market volatility, its expected more Canadians will be financially stretched. HomeStars met this growing financial need by partnering with Perch to empower Canadians to execute their home renovations without the upfront investment. Whether it’s Canadians choosing to age in place, convert their home to one that can be multi-generational, or reinvest in their current property due to the current housing market, through this new partnership, homeowners will be able to get quality work done through vetted professionals with a lower financial impact on their monthly budget. Homeowners can access the Perch refinancing calculator on https://homestars.com to help understand their borrowing power while starting a HomeStars service request. After entering your current property value and mortgage information, homeowners will have the ability to view the results and either begin the pre-approval process or chat with a Perch advisor. Once your loan is finalized and you are matched with a verified pro, you can leverage the funds towards your dream home project with a reputable pro. “Perch’s analytics help Canadians get pre-approved for their mortgages and give them insights to understand exactly how much they can afford,” says Alex Leduc, Founder & CEO of Perch. “We saw a connection to the HomeStars online home services platform, and we’re very excited to be working with them. Together, we can help homeowners reach their goals faster.” By leveraging Canada’s largest network of verified home service professionals, HomeStars allows Canadians to choose qualified professionals in their area and have a clear line of sight into home service professionals' ratings and quality of work. Canadian homeowners are well equipped to hire right the first time with a proprietary star score, verified background and finance checks, and manually verified reviews. About HomeStars HomeStars is Canada's largest network of verified and community-reviewed home service professionals. HomeStars empowers Canadian homeowners to hire right the first time for home renovations or repairs by connecting project-ready homeowners with the best pros in their neighborhood. In 2021, 8 million homeowners visited HomeStars looking for a pro for their next home improvement project. HomeStars was created in 2006 to relieve Canadian homeowners’ anxiety and put their minds at ease knowing they’ve hired a vetted, highly rated home service professional. With three distinct trust metrics, HomeStars gives Canadians the confidence of hiring right the first time, can vet pros recommended to homeowners, and allows for searching and requesting for specific home service professionals. HomeStars is based in Toronto, Ontario, and is an operating business of Angi.

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REAL ESTATE INVESTMENT

Invesco Real Estate Income Trust Inc. and Skylight Real Estate Partners Acquire Multifamily Property in West Essex, NJ Submarket

Invesco Real Estate Income Trust Inc. | May 24, 2022

Invesco Real Estate Income Trust Inc., an institutionally managed, public non-listed REIT, announced it acquired a majority interest in Everly Roseland, a 384,648 square foot, 360-unit garden-style multifamily community across 30 two-story buildings, following a partial sale to an affiliate. The property is located at 28 Nob Hill Road in Roseland, New Jersey and it is 95% leased. This acquisition is part of a joint venture with Skylight Real Estate Partners, a regional, privately-held real estate investment firm with a focus on multifamily investment and development. With the future of work changing traditional office commutes, we continue to see strong demand for affordable, low-density multifamily properties proximate to the urban core. Additionally, Roseland is a desirable community with fairly high barriers to new development and it aligns with our investment strategy for multifamily." R. Scott Dennis, President and Chief Executive Officer for INREIT Built in 1980, Everly Roseland is one of the largest multifamily assets in West Essex County submarket. An affiliate of Skylight owned the property in a joint venture since 2017. Through the recapitalization of the asset, Invesco and Skylight will continue executing on the unit renovation program, including upgrades to the common areas and exteriors. Skylight will also serve as the property manager for Everly Roseland. "Everly Roseland is a well-performing property with a multitude of value creation strategies to unlock," said Andrew Miller, Founding Partner at Skylight Real Estate Partners. "We started unit renovations and the construction of an amenities center, which has helped to modernize the building. We share the same vision as our partners at Invesco in continuing to transform Everly Roseland back to its premier status." This investment expands INREIT's multifamily portfolio into the Northeastern United States. The transaction also establishes a relationship with new partner, Skylight. This transaction was advised by JLL Capital Markets debt advisory team and financed by U.S. Bank. The JLL Capital Markets debt advisory team was led by Michael Klein, Matthew Pizzolato, John Rose and Gerard Quinn. About INREIT Invesco Real Estate Income Trust Inc. (INREIT) is an institutionally managed, public non-listed monthly NAV REIT investing in a diversified portfolio of high quality, income producing properties located throughout the United States. Its thematic approach to investing focuses on where people consume, live, innovate and connect. INREIT seeks to invest in properties with resilient income and appreciation potential. INREIT expects to diversify its portfolio over time, including on a global basis. INREIT is managed by Invesco Advisers, Inc., a subsidiary of Invesco Ltd. and the registered investment adviser for Invesco Real Estate, the real estate investment center of Invesco Ltd. About Invesco Real Estate Invesco Real Estate is a global leader in the real estate investment management business with $91.8 billion in real estate assets under management, 582 employees and 21 regional offices across the U.S., Europe and Asia Pacific (as of December 31, 2021). Invesco Real Estate has been actively investing in core, value-add and opportunistic real estate strategies since 1983. Invesco Real Estate is the real estate investment center of Invesco Ltd., an independent investment management firm dedicated to delivering an investment experience that helps people get more out of life. About Skylight Real Estate Partners Skylight Real Estate Partners is a privately held real estate investment firm with deep experience acquiring, developing and managing residential and commercial assets in New York, New Jersey, Washington D.C., Central and South Florida. The team's management platform is focused on three complementary investment strategies: value-add, development and distressed opportunities. Since 1998, the founding partners have collectively invested $5.5 billion of equity in assets totaling over $16 billion of gross asset value. This experience comprises over 9,000 residential units and 20 million square feet of office and retail assets. Skylight offers its investors, tenants and partners extensive market knowledge, long-standing relationships and institutional thinking fueled by a motivated and deeply experienced leadership team with a proven record of consistent success. About JLL JLL is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $16.6 billion, operations in over 80 countries and a global workforce of more than 95,000 as of September 30, 2021. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated.

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