AGENT, REAL ESTATE INVESTMENT
Globenewswire | May 17, 2023
eXp Realty®, “the most agent-centric real estate brokerage on the planet™” and the core subsidiary of eXp World Holdings, Inc. (Nasdaq: EXPI), today announced a strategic partnership with Blended Sense, a first-of-its-kind media technology platform, to provide its United States-based agents with access to high-quality production and asset management.
eXp Realty announced the partnership as it prepares to kick off its 2023 Shareholder Summit in Orlando, Florida, tomorrow. The partnership will provide eXp Realty agents with preferred rates and a custom eXp Luxury program, and Blended Sense will be onsite at the event to meet with agents.
“We are thrilled to work with Blended Sense to offer our agents tangible value in today’s market as they look to generate quality content that helps market and sell listings,” said Leo Pareja, eXp Realty Chief Strategy Officer. “Blended Sense will provide collaborative, easy-to-use and high-quality video and photography services. This is exactly the type of platform I wish I had access to when I was a more active agent, it would have made a tangible difference in how I marketed my listings. Agents will learn more about this exciting partnership – which is the first in our new eXp Ventures program – during our Shareholder Summit this week.”
eXp Ventures is an internal group that is focused on investing in forward-looking, strategic and synergistic products and services for eXp Realty and its agents and brokers.
Blended Sense, founded in 2019 in Austin, Texas, is a managed marketplace platform that is evolving the way creative content is produced at scale. It has delivered more than 20,000 ready-to-publish digital media assets to business owners in 35 cities across the U.S., providing reliable and accessible content production without compromising quality.
"Blended Sense is evolving the way creative content is produced at scale,” said Albert Baez, co-founder and president of Blended Sense. “Aligning with the fastest-growing real estate brokerage in the world positions our platform to accelerate its learning and development to bring world-class solutions to every eXp agent."
About eXp World Holdings, Inc.
eXp World Holdings, Inc. (Nasdaq: EXPI) is the holding company for eXp Realty®, Virbela and SUCCESS® Enterprises.
eXp Realty is the largest independent real estate company in the world with more than 87,000 agents in the United States, Canada, the United Kingdom, Australia, South Africa, India, Mexico, Portugal, France, Puerto Rico, Brazil, Italy, Hong Kong, Colombia, Spain, Israel, Panama, Germany, Dominican Republic, Greece, New Zealand, Chile, Poland and Dubai and continues to scale internationally. As a publicly traded company, eXp World Holdings provides real estate professionals the unique opportunity to earn equity awards for production goals and contributions to overall company growth. eXp World Holdings and its businesses offer a full suite of brokerage and real estate tech solutions, including its innovative residential and commercial brokerage model, professional services, collaborative tools and personal development. The cloud-based brokerage is powered by Virbela, an immersive 3D platform that is deeply social and collaborative, enabling agents to be more connected and productive. SUCCESS® Enterprises, anchored by SUCCESS® magazine and its related media properties, was established in 1897 and is a leading personal and professional development brand and publication.
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REAL ESTATE INVESTMENT, BUYING/SELLING
PRnewswire | March 30, 2023
Pacaso announced today the launch of a limited-time opportunity for accredited U.S. investors to invest in the category leading technology-enabled real estate marketplace that helps people buy and co-own a luxury second home. The new investment opportunity with Pacaso is a two year, 10% annualized promissory note backed by luxury real estate. Investors receive quarterly interest payments with a return of the principal at the end of the two year term. The fund aims to generate strong risk-adjusted financial returns for investors and provides Pacaso with flexibility to offer more attractive financing offers for second home buyers.
Investors benefit by earning consistent, passive income, diversifying their portfolio with luxury real estate, and enabling expanded financing options for Pacaso that help more people become second homeowners.
"Pacaso owners are the gold standard for consumer credit quality. This creates a win-win opportunity for investors to make consistent, passive income and future Pacaso homeowners to lock in seamless financing," said Pacaso CEO and Co-Founder Austin Allison. "This unique fund is a smart choice for people who want a low risk and low barrier of entry investment opportunity to diversify their portfolio by gaining exposure across high-quality, luxury real estate, which has proven to be one of the safest places to park money during uncertain times."
As the category leader of co-ownership of second homes, Pacaso has seen a tremendous response from high-net-worth buyers to the company's attractive integrated financing solutions on Pacaso listings and resales within the Pacaso marketplace. Pacaso is uniquely positioned for growth and second home demand has been off to a positive start in 2023. Deposits have increased 90% in the first two months of 2023, compared to the last two months of 2022.
Certain statements in this presentation may constitute "forward-looking statements" within the meaning of the federal securities laws. Forward-looking statements include, but are not limited to, statements regarding Pacaso's expectations, hopes, beliefs, intentions or strategies regarding the future. In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. The words "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "might," "plan," "possible," "potential," "predict," "project," "should," "strive," "would" and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Pacaso does not give any assurance that Pacaso will achieve its expectations. Readers are cautioned not to put undue reliance on forward-looking statements, and Pacaso assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise.
About Pacaso
Pacaso® is a technology-enabled marketplace that modernizes real estate co-ownership to make second homes possible and enjoyable for more people. Pacaso curates luxury listings with premium amenities and high-end contemporary interior design, offers ⅛ to ½ ownership with integrated financing, and, after purchase, professionally manages the home and supports seamless resale. Co-founded by Austin Allison and Spencer Rascoff in 2020, Pacaso operates in 40 top second home destinations around the world. Pacaso has been certified as a Great Place to Work and is recognized as one of Glassdoor's 2022 Best Places to Work.
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REAL ESTATE TECHNOLOGY, REAL ESTATE INVESTMENT
The Premier Property Group | March 14, 2023
One of the largest residential and independent real estate brokerage in Northwest Florida and an affiliate of Luxury Portfolio International®, The Premier Property Group, recently announced it has acquired a significant stake in Bay County, Florida based, Beachy Beach Real Estate, one of the region's most well-known, independently owned real estate brokerages. The terms of the transaction's finances were not disclosed.
The acquisition of the significant stake signifies the Walton County-based company's expansion into Bay County, anchored by Panama City Beach and Tyndall Air Force Base and advancing its long-term growth trajectory in Florida and the Southeastern United States. The Premier Property Group was established in 2008 by Keith Flippo and Bob Parks. With a team of over a hundred agents and staff, it has also led luxury sales across the region. As a result, it is consistently ranked among the top Brokerages in the Florida Panhandle.
Beachy Beach Real Estate was established in 2010 by Broker/Owner Karen Smith and is based in Panama City Beach. It will continue to operate under its current name and branding after The Premier Property Group acquired a significant stake, now benefiting from the combined strength will boost the company's rank to the number one in the Bay County's independent brokerages. With 20+ years of industry experience, Smith is admired for her leadership, expertise, and extensive community involvement. She will continue to head Beachy Beach Real Estate and, along with her current executive team, will manage day-to-day operations.
About The Premier Property Group
The Premier Property Group is one of the largest independent real estate firms in Northwest Florida. The company has been a consistent leader of sales in the region since its first year of operations, and it has been ranked in the top 10% of luxury sales by the Emerald Coast Association of Realtors. It offers experienced and knowledgeable agents in Okaloosa, Walton, and Bay counties who specialize in residential, commercial, and new development real estate. In addition, it serves the 30A, Sandestin, Destin, and Panama City Beach regions of Florida from three convenient locations in Seacrest Beach /Rosemary Beach, WaterColor, and Grand Boulevard at Sandestin.
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