ROOM8 and Google Street View Trusted Agency LCP360 Announce Partnership

Cision PR Newswire | March 23, 2020

ROOM8, a technology company optimizing co-living through roommate matching and apartment search services, announced that it has partnered with Google Street View Trusted Agency LCP360 (Lights, Camera, Pixels) to streamline its in-app experience with virtual apartment tours. Through this partnership, ROOM8 and LCP360 will provide a new level of sophistication to the rental home search experience, including immersive 360 virtual tours, drone photography, and built-in virtual meetings with leasing professionals. LCP360's proprietary application, Panoskin, customizes Google Street View virtual tours for communities to create an enhanced experience designed to engage and convert prospects. ROOM8 will soon display Panoskin virtual tours in its app. People and organizations around the globe are working together to overcome the challenges of COVID-19. For many renters, the importance of an ideal home has never been more important when they have to adapt all daily activities to their apartments. More renters are turning to virtual experiences when it comes to renting apartments during the COVID-19 outbreak. That's why LCP360 has partnered with ROOM8, the latest co-living app, popular among Millennials and Gen Z, to streamline the apartment search with roommate matching, all virtually.

Spotlight

The trend in construction continues to show lower growth than that of the economy in general. In the third quarter, the fall of the accumulated GDP of the sector is -1.2% as an annual rate, largely due to civil works, which have fallen by 11%. The building will close with a growth of 0.5%. Civil works will not rebind due to the adjustments in public expenditure. Meanwhile, the deceleration of the building is what has consolidated the fall in the sector. The expected trend for the sector in 2018 is a slight fall.

Spotlight

The trend in construction continues to show lower growth than that of the economy in general. In the third quarter, the fall of the accumulated GDP of the sector is -1.2% as an annual rate, largely due to civil works, which have fallen by 11%. The building will close with a growth of 0.5%. Civil works will not rebind due to the adjustments in public expenditure. Meanwhile, the deceleration of the building is what has consolidated the fall in the sector. The expected trend for the sector in 2018 is a slight fall.

Related News

REAL ESTATE TECHNOLOGY

SERVPRO Partners with Reonomy to Unlock New Depth of Commercial Market Intelligence

Reonomy | October 07, 2021

Reonomy, the leading provider of actionable commercial real estate (CRE) data, announced a partnership with SERVPRO, a leader in fire and water cleanup and restoration services, construction, mold mitigation, biohazard and pathogen remediation. Through this partnership, SERVPRO will have access to Reonomy's vast offering of property and ownership data, driving greater accuracy and efficiency in their lead generation efforts and aiding overall market share expansion. As part of a company-wide effort to build a smart and scalable lead generation tool to expand their national footprint, SERVPRO sought a commercial data provider that could service the distinct needs of its sales team across various geographic markets, and identify gaps in coverage to guarantee a full scope of customers. Reonomy's platform will play a key role in driving this initiative. Via Reonomy's API, SERVPRO's 1,900+ franchises will gain access to a more standardized and sophisticated business development pipeline rooted in data, allowing them to better identify opportunities in the markets while driving more strategic, targeted outreach to prospects across rural, suburban, and urban geographies. This partnership arises during a turning point in the restoration industry, where organizations are seeing a rise in sophisticated tools for driving more efficient business development capabilities. Reonomy will benefit from collaborating with SERVPRO's rich data science team, incorporating valuable, timely feedback as they ramp up their product development efforts and explore other use cases for their technology. We are constantly looking to explore deeper applications for our technology and are thrilled to be partnering with the SERVPRO team as they look to expand their national footprint in the commercial space, Their data team will be an invaluable partner to us as we continue building our product roadmap to service the industry. In our search for a partner, being able to have flexibility and depth in our data was key to successfully powering our lead generation efforts and helping us hit our expansion goals, We're excited to be working with Reonomy to provide a more efficient and flexible value offering to our franchise owners. - Mike Stahl, CMO of Servpro Industries, LLC. About Reonomy Reonomy is the leading provider of CRE insights, empowering top brokerages, financial institutions, and commercial services providers with actionable data and solutions. Armed with Reonomy's enterprise-grade products, CRE professionals and organizations gain comprehensive market understanding, discover opportunities, and streamline research processes. About Servpro For more than 50 years, SERVPRO® has been a trusted leader in fire and water cleanup and restoration services, mold mitigation, biohazard and pathogen remediation. SERVPRO's professional services network of more than 1,900 individually owned and operated franchises spans the United States and Canada, responding to property damage emergencies large and small from million-square-foot commercial facilities to individual homes. When disaster strikes, homeowners, business owners and major insurance companies alike rely on SERVPRO to make it "Like it never even happened."

Read More

REAL ESTATE INVESTMENT

Capital Square 1031 Acquires 55+ Manufactured Housing Community Near Vero Beach, Florida

Capital Square 1031 | February 10, 2022

Capital Square 1031, a leading sponsor of Delaware statutory trust (DST) offerings for Section 1031 exchange and other accredited investors, announced today the acquisition of a 55+ manufactured housing community in Sebastian, Florida. The community was acquired on behalf of CS1031 Palm Lake Club MHC, DST. This is Capital Square's 10th acquisition of an age-restricted (55+) manufactured housing community in Florida for the 1031/DST program, MHC properties in Florida are among the most desirable assets in the nation due to their scarcity, stability and growth potential. Also, MHC assets solve a need for residents as an affordable housing option, providing most benefits of a single-family home with the low cost of multifamily housing. For these reasons, Capital Square's 1031 exchange investors are flocking to MHC investments for stable income and appreciation." Louis Rogers, founder and chief executive officer of Capital Square. Situated at 39 Treasure Circle in the rapidly growing Indian River County, Palm Lake Club is a 97.6% occupied community with 126 homesites. The property's proximity to U.S. Highway 1 and Interstate 95 connects it to Vero Beach and offers additional access to Port St. Lucie, West Palm Beach and Boca Raton. Palm Lake Club is close to parks, shopping, golf courses and wildlife preserves. Onsite amenities include a heated pool, clubhouse, library, recreational facilities, a shuffleboard court and a seven-acre lake surrounded by resident homes. CS1031 Palm Lake Club MHC, DST seeks to raise $24.3 million in equity from accredited investors. Palm Lake Club is a well-positioned asset that offers investors significant upside potential through a value-add execution due to minimal rent escalations over the past 10 years combined with room for strategic improvements, Capital Square intends to make investments into the community that will include upgrades to the clubhouse, landscaping, outdoor lighting, roadways and other amenities that will further enhance the value of the property to residents and investors alike." Whitson Huffman, chief strategy and investment officer with Capital Square. Since its founding in 2012, Capital Square has acquired 148 real estate assets for over 3,800 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 and qualified opportunity zone funds for tax deferral and exclusion. Since 2012, Capital Square has completed more than $4.9 billion in transaction volume. Capital Square's executive team has decades of experience in real estate investments. Its founder, Louis Rogers, has structured hundreds of investment offerings totaling in excess of $5 billion. 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 five consecutive years. Additionally, in 2021, the company was ranked 101st on the list of Inc. 5000 Washington D.C. Metro's Fastest-Growing Private Companies. In 2017, 2018 and 2020, the company was also ranked on Richmond BizSense's list of fastest growing companies. Capital Square was listed by Virginia Business on their "Best Places to Work in Virginia" report in 2019 and 2021 as well as on their "Fantastic 50" reports in 2019 and 2020.

Read More

REAL ESTATE INVESTMENT

JLL arranges $690M financing for 44-property industrial portfolio

JLL | December 02, 2021

JLL announced today that its Capital Markets group has arranged a $690 million financing for a portfolio of 44 net-leased industrial, office and data center properties totaling 6.85 million square feet in high-growth markets across the United States. JLL worked on behalf of the borrower, Blackstone Real Estate Income Trust (BREIT), to place the two-year, floating-rate, non-recourse loan with Wells Fargo Bank. The financing comprises a term loan and a revolving credit facility. Additionally, the New York Agency of Singapore-based United Overseas Bank (UOB) joined the financing, committing half of the arranged capital post-closing. The portfolio consists of single- and multi-tenant mission-critical assets with diverse functions that include warehouse, bulk warehouse, light industrial, office, laboratory, truck terminal, data center and raw land. With an average age of 17 years, the properties feature an average clear height of 28 feet, 87 suites and 1,148 dock doors. It is more than 80% leased to industry-leading tenants with a proven history of significant tenant investment and that represent a diverse range of industries, including e-commerce, web services, pharmaceuticals and logistics. Situated on a total of nearly 611 acres, the portfolio properties are in 10 states in high-growth, highly connected markets such as Raleigh-Durham and Greensboro, North Carolina; Boston, Massachusetts; El Paso, Texas; Atlanta, Georgia; Chicago, Illinois; Salt Lake City, Utah; and Minneapolis, Minnesota. JLL's Capital Markets debt advisory team representing the borrower was led by Executive Managing Director Trey Morsbach, Managing Director Michael Cosby and Analysts Bo Beidleman and Ryan Pollack. JLL's Capital Markets group is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries. About JLL JLL (NYSE: 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.

Read More