REAL ESTATE TECHNOLOGY
prnewswire | December 16, 2020
Paymints.io, a North Carolina based SaaS stage to move assets for land transactions, just arrived at an industry-first achievement by utilizing its foundation to dispense assets back to the customer.
The stage, which authoritatively dispatched toward the finish of Q3, 2020, is revolutionizing the business' method of trading installments during home purchasing and renegotiating measures. Worked by a group of specialists in innovation, land, loaning, and title protection, the group at paymints.io distinguished a vast opening in the moving of assets for sincere cash stores and money to close on renegotiates. As a large portion of the home purchasing venture has been digitized, moving assets or making installments is as yet done disconnected by paper checks or excursions to the bank to send a wire.
Changing How Money Moves
With the appearance of paymints.io, gone are the times of realtors minding checks or title organizations sitting tight for wires that never show up. The paymints.io solution permits the home purchaser to safely and electronically move assets by connecting their financial records to the stage and moving assets straightforwardly into the land business or title organization's escrow account. The customer entry and administrator dashboard give constant following of the exchange so both the customer and the escrow holder knows precisely where the assets are consistently.
"As experienced operators of a real estate tech company, we're hyper focused on the client experience," says Jason Doshi, Co-Founder of paymints.io. "Looking at the current client journey, it's easy to identify the gaps which drive the client offline and eventually disrupt an otherwise digital experience. The paymints.io solution meets the client at their needs but also offers efficiencies to the real estate brokerages and title companies which is why we feel it has gained so much traction, so early on. It's just what the industry needed!"
Starwood Real Estate Income Trust, Inc | August 19, 2021
Starwood Real Estate Income Trust, Inc., an affiliate of Starwood Capital Group, a leading global private investment firm focused on real estate and energy investments, today submitted an enhanced all-cash, fully financed, fully actionable proposal to acquire Monmouth Real Estate Investment Corporation for $19.93 per Monmouth share reduced by the termination fee owed to Equity Commonwealth ("EQC") of $72 million or $0.73 per share. Starwood’s enhanced proposal would provide net consideration of $19.20 per share to Monmouth shareholders after payment of the EQC termination fee, which was increased by $10 million by the Monmouth Board on August 16, 2021. Starwood’s proposal offers Monmouth shareholders a premium to EQC’s revised offer with 100% cash-certain value (versus EQC’s offer, where approximately 35% of the aggregate consideration would be paid out in cash1), and does not subject Monmouth shareholders to the uncertain and unsubstantiated future value creation from the EQC transaction, which is already worth less to shareholders given the decline in EQC shares since its revised proposal was announced.
Ethan Bing, Managing Director of Starwood, said, "Our increased all-cash offer is superior to EQC’s revised proposal given the higher certain value that is not exposed to market risk or dependent upon unproven execution. The EQC offer requires Monmouth shareholders to forego the certainty of our higher cash offer in exchange for speculative value creation from a merged entity with no synergies and no obvious competitive advantages in the highly competitive industrial sector where EQC has not actively participated.”
Bing added, “The Monmouth Board, whose initial process was led by a strategic alternatives committee that ISS rightly criticized as ‘not fully independent,’ appears committed to the interests of Monmouth insiders rather than its fiduciary duty to maximize value for all Monmouth shareholders. The Monmouth Board’s decision to increase the termination fee for EQC, without having engaged in a single conversation with a committed all-cash bidder already at a significant premium to EQC, is yet another disappointing breach of faith to its shareholders – a clear effort to protect EQC from competing bidders willing to offer superior and more certain value to Monmouth shareholders. In contrast, Starwood has not raised its termination fee in connection with its revised offer.”
Bing concluded, “We stand ready to sign the already-negotiated merger agreement with Monmouth. We urge the Monmouth Board to act in the best interest of all its shareholders by immediately declaring our increased offer superior, foregoing any future actions which would deprive shareholders from realizing maximum value, and proceeding quickly to finalize our proposed transaction for the benefit all Monmouth shareholders.”
About Starwood Capital Group
Starwood Capital Group is a private investment firm with a core focus on global real estate, energy infrastructure and oil & gas. The Firm and its affiliates maintain 16 offices in seven countries around the world, and currently have approximately 4,000 employees. Since its inception in 1991, Starwood Capital Group has raised over $60 billion of capital, and currently has approximately $90 billion of assets under management. Through a series of comingled opportunity funds and Starwood Real Estate Income Trust, Inc. a non-listed REIT, the Firm has invested in virtually every category of real estate on a global basis, opportunistically shifting asset classes, geographies and positions in the capital stack as it perceives risk/reward dynamics to be evolving. Starwood Capital also manages Starwood Property Trust, the largest commercial mortgage real estate investment trust in the United States, which has successfully deployed over $69 billion of capital since inception and manages a portfolio of over $18 billion across debt and equity investments. Over the past 29 years, Starwood Capital Group and its affiliates have successfully executed an investment strategy that involves building enterprises in both the private and public markets
REAL ESTATE TECHNOLOGY
RealFoundations | June 03, 2022
RealFoundations, one of the world's foremost providers of consulting and managed services for the real estate industry, announced the launch of its new Investor Sector Practice Group, which aims to help investors and investment managers elevate their real estate assets and drive improved returns.
Investors and investment managers are challenged by insufficient modeling capabilities, unstructured information sharing, limited technology integrations and the inability to report portfolio performance quickly, accurately, and with consistency across various metrics. RealFoundations' Investor Sector Practice Group provides a forum for industry leaders to openly discuss the pain points, technologies, and leading practices that span business functions such as Capital Management, Fund and Portfolio Management and Accounting, Asset Management, and Property Operations, Development, Enterprise Strategy, and Governance.
The Practice Group and its Advisory Panel, comprised of passionate real estate professionals with significant experience in the Investment Management sector, focus on designing an industry-leading model that enables investment managers to effectively:
Monitor performance across their portfolio from underwriting through disposition,
Report portfolio diversification across various metrics,
Measure and monitor all leases and leasing activity across their portfolio,
Analyze debt exposure by fund, asset, and lender,
Respond to internal and external ad-hoc inquiries using readily available applications and data, and
Forecast and model portfolio performance based on various scenarios.
With over 200 years of combined experience transforming the way investors and investment managers work across North America, Europe, and Asia Pacific, RealFoundations has delivered actionable insights to the top 5 ranked firms, as well as 13 of the top 25 ranked firms, recognized by IPE Real Assets in their top 150 Real Estate Investment Managers list.
Our Investor Practice Group partners with real estate firms to implement improved decision-making capabilities which ultimately leads to greater portfolio returns. Our practitioners have years of experience in the real estate investment sector which enables us to quickly evaluate companies' operating platforms and recommend enhancements to streamline efficiency and increase profitability."
Brent McFerren, Enterprise Managing Consultant, RealFoundations
The Investor Sector Practice Group levers RealFoundations' long-running relationships with organizations such as IREI, NAREIM, NCREIF and PREA, along with its accumulated expertise and foremost knowledge of leading practices and technologies to offer value-add problem-solving strategies to the industry, furthering its mission to make real estate run better.
RealFoundations is the world's foremost professional services firm focused solely on the real estate industry. Through our delivery of Management Consulting and Managed Services, we help companies that develop, own, operate, service or invest in real estate make better, more profitable decisions. We are proud partners to over 450 real estate companies around the globe, providing accelerated solutions that solve some of real estate's most complex challenges. We Make Real Estate Run Better.