Rents Accelerate While Home Values in U.S. Return to Modest Growth

Zillow | September 20, 2019

According to Zillow's August Real Estate Market Report, home value growth returned to a steady pace in August 2019 after a slowdown in the first half of the year. Quarter-over-quarter growth reached an annualized rate of 3.4%, up from 0.4% in May. The median U.S. home is now worth $229,600, up 4.9% from last August, the lowest year-over-year change since April 2015. Annual growth has steadily slowed for eight consecutive months covering a period of significant change for the U.S. housing market. The rate of quarterly growth, a better indicator for recent market shifts and inflection points, has risen in each of the past three months.

Spotlight

The current market environment is leading investors across the globe to seek an alternative to traditional equity and fixed income investments. Following a multi-year decline in interest rates and recent global financial upheaval, the ability to invest for yield has diminished and the outlook for growth has been generally subdued. With interest rates beginning to rise and the potential for inflation looming, investors are seeking a New Essential portfolio investment to help navigate the market cycles that lie ahead.

Spotlight

The current market environment is leading investors across the globe to seek an alternative to traditional equity and fixed income investments. Following a multi-year decline in interest rates and recent global financial upheaval, the ability to invest for yield has diminished and the outlook for growth has been generally subdued. With interest rates beginning to rise and the potential for inflation looming, investors are seeking a New Essential portfolio investment to help navigate the market cycles that lie ahead.

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MARKET OUTLOOK,REAL ESTATE INVESTMENT

Northwood Investors Acquires Nashville's Fifth + Broadway

Northwood Investors | November 23, 2022

Global real estate investment firm Northwood Investors LLC announced today its acquisition of Fifth + Broadway, a newly developed 6.2-acre mixed-use, open-air center. The property was developed and operated by Brookfield Properties, which completed construction in 2021. Northwood has purchased the property in its entirety, including its retail district, 501 Commerce office tower and The Place residences, from a subsidiary of Brookfield. As Northwood expands its footprint in Nashville with this prized entertainment complex, it looks forward to furthering Brookfield's vision for the center. Northwood is well-positioned to take the reins in managing the project with its vertically integrated platforms and experience with retail and mixed-use assets. Most of Fifth + Broadway's management team have transitioned to Northwood and will continue in their existing roles, bringing their strong local experience and knowledge to the property. Northwood is already deeply involved in the Nashville market; this latest acquisition marks the fifth asset the firm has invested in within the city. Other properties include The Conrad hotel, Capital View apartments, the McEwen Northside mixed-use center and Franklin Park office towers. "We feel that Fifth + Broadway's energy and integration in the heart of downtown is unparalleled, As a mixed-use asset, all its elements work together cohesively, and Brookfield has done a phenomenal job with its development. Our Northwood management team is excited to carry on the torch, engage with the city, and partner with tenants like The National Museum of African American Music, AllianceBernstein, The Twelve Thirty Club, Assembly Food Hall and more." -Managing Director of Northwood Investors Erin Cannata Centrally located within Nashville's vibrant urban core, Fifth + Broadway is one of the largest single-phase mixed-use developments in the history of the city and the state of Tennessee. The revolutionary downtown project, which replaced the 6.2-acre Nashville Convention Center site, delivers 250,000 square feet of strategically selected retail and entertainment, the 56,000-square-foot National Museum for African American Music, 367,000 square feet of Class-A office space at 501 Commerce, 381 residential units at The Place at Fifth + Broadway and more than 2,000 parking spaces. The project, which sees nearly five million annual visitors, was built for a post-COVID-19 world with outdoor space, accessibility, safety and parking in mind. We feel Nashville is a high-growth market, and one that we have been watching since 2011, It's an 'it' city for business and entertainment and Fifth + Broadway epitomizes Nashville – a world-class, generational asset that draws locals and tourists alike. We believe the attention to detail, aesthetics and connectivity are unmatched, making it a transformative catalyst for the fabric of lower Broadway,said President of Northwood Retail Ward Kampf. Northwood is committed to the city of Nashville, which it values for its diversified economy, one-of-a-kind cultural authenticity, attractive cost of living, and premier talent base, which has transformed the city into a 24/7 destination. The firm looks forward to collaborating with the city, its retail and office tenants, and the National Museum for African American Music as it evolves this asset, which is seamlessly integrated into the streetscape and cultural heart of Downtown Nashville. Fifth + Broadway is a thriving mixed-use complex, and we are very proud of its development and success as a major destination in and economic driver for Nashville, While Brookfield has successfully recapitalized the asset in line with its overall investment strategy, we remain very interested in Nashville and excited about its future,said Burgin Dossett, vice president of development for Brookfield Properties. About Fifth + Broadway Owned and operated by Northwood Investors, Fifth + Broadway is one of the largest single-phase mixed-use developments in the history of Nashville and the state of Tennessee. The transformative downtown project, which replaced the 6.2-acre Nashville Convention Center site, delivers 250,000 square feet of strategically important retail and entertainment, the 56,000-square-foot National Museum for African American Music, 367,000 square feet of Class-A office space at 501 Commerce (headquarters of AllianceBernstein), 381 residential units at The Place at Fifth + Broadway, and more than 2,000 parking spaces. About Northwood Investors Northwood Investors LLC is a privately held real estate private equity firm that owns and operates real estate across the U.S. and Europe. The firm currently manages a portfolio aggregating approximately $20 billion in total gross asset value. Northwood's flagship fund seeks to opportunistically acquire well-located real estate with a plan to create value through hands-on asset management. Northwood is vertically integrated with in-house operating teams across the office, multifamily, retail, hospitality, and urban logistics sectors. About Northwood Retail Northwood Retail LLC was established by Northwood Investors, a privately held, global real estate investment and management firm. The platform currently leases, manages, and markets a portfolio of community and mixed-use properties across the United States with a concentration in Texas, Colorado, North Carolina, Tennessee, and California. Built upon strong, fundamental real estate principles, Northwood Retail is focused on creating value at each project through a disciplined approach to leasing, development, property management, and marketing. About Pacific Life For more than 150 years, Pacific Life has helped millions of individuals and families with their financial needs through a wide range of life insurance products, annuities, and mutual funds, and offers a variety of investment products and services to individuals, businesses, and pension plans. Whether your goal is to protect loved ones or grow your assets for retirement, Pacific Life offers innovative products and services that provide value and financial security for current and future generations. Pacific Life counts more than half of the 100 largest U.S. companies as its clients and has been named one of the 2022 World's Most Ethical Companies® by the Ethisphere Institute.

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REAL ESTATE TECHNOLOGY,REAL ESTATE INVESTMENT

FCPT Announces Acquisition of a Chili’s Property from Seritage Transaction for $2.6 million

FCPT | November 24, 2022

Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties (“FCPT” or the “Company”), is pleased to announce the acquisition of a Chili’s property for $2.6 million from the Seritage transaction previously announced in October 2019 and expanded in August 2020. The property is located in a strong retail corridor in Florida and is under a triple net lease. The transaction was priced at a cap rate in range with previous FCPT transactions. This is the last property to be acquired from the previously announced portfolio transactions with Seritage. Inclusive of today’s transaction, FCPT has acquired a total of 27 properties for $80.8 million from Seritage. About FCPT FCPT, headquartered in Mill Valley, CA, is a real estate investment trust primarily engaged in the ownership, acquisition and leasing of restaurant and retail properties. The Company seeks to grow its portfolio by acquiring additional real estate to lease, on a net basis, for use in the restaurant and retail industries.

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REAL ESTATE TECHNOLOGY

Real estate's top digital signature solution, Authentisign, coming to Lone Wolf Transactions (zipForm Edition)

Lone Wolf Technologies | September 07, 2022

Lone Wolf Technologies (Lone Wolf), the leader in North American residential real estate software, announced today the rollout of the company's highly popular digital signature solution, the all-new Authentisign, to Lone Wolf Transactions (zipForm Edition) customers. This rollout will take place nationwide in a phased market approach starting today. As real estate's most trusted digital signature solution, Authentisign has for over 20 years provided the industry with a way to sign transactions documents quickly, easily, and most importantly, securely. The all-new Authentisign will replace the existing digital signature solution built into Transactions (zipForm Edition) and represents a significant improvement in how real estate professionals manage and complete signings. In the new Authentisign, users will experience: Improved signing creation workflows that remove the need for a signing wizard An improved signer experience that times signature prompts to match user interaction Performance improvements that mean users can complete signings up to 60% faster With these improvements, users will be able to complete signings in just three easy steps—so they can process and close deals faster than ever while providing a simpler experience for homebuyers and sellers. Since its original release in 2021, the all-new Authentisign has received over 1.8 million ratings from agents, buyers, and sellers alike with a 4.5 out of 5 average. Of the 42 million signings completed in Lone Wolf solutions in the last year, 17 million have been completed using the all-new Authentisign. "The new Authentisign was not only easier and faster than the previous version; it was also easier and faster than any other signature solution I've used, The new transaction workspace is a massive time-saver for real estate agents, and the signing experience for clients is incredibly intuitive." - Janice Poetsch, Chief Administrative Officer at Fair Realty This release, which comes on the heels of Lone Wolf's new forms editor, features the same groundbreaking technology designed to simplify real estate for everyone involved, Together, these two solutions will go a long way toward modernizing the forms and signing process as well as the entire buyer and seller journey,said Dan Fortin, Senior Product Manager at Lone Wolf. Real estate has migrated from fragmented point solutions to digitally connected experiences, and transactions are the heart of it all, By connecting improved signatures to transactions through the all-new Authentisign, we're creating a central hub where real estate professionals can access and provide to their own clients the only truly connected start-to-finish experience in the industry,said Sean Wheeler, CTO at Lone Wolf. About Lone Wolf Technologies Lone Wolf Technologies is the North American leader in residential real estate software, serving over 1.5 million real estate professionals across Canada and the U.S. With cloud solutions for agents, brokers, franchises, MLSs and associations alike, the company provides the entire real estate industry with the tools they need to amaze clients, build their business, and improve profits from transactions to back office, insights, and more, all in one place. Lone Wolf's head offices are located in Cambridge, ON, and Dallas, TX.

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