REAL ESTATE TECHNOLOGY
prnewswire | October 26, 2020
Matterport today announced a partnership with Singapore's largest international real estate agency, ERA Singapore (ERA), to enable its more than 17,300 real estate agents an easy and cost-effective way to capture 3D virtual tours of properties. With Matterport, ERA will gain a competitive edge in securing exclusive listings and accelerating the marketing of their clients properties.Since its inception in 1982, ERA has been the leading PropTech agency in Singapore, equipping its agents with the most advanced technologies in the industry. Virtual home viewings have become an increasingly important tool for agents who want to continue helping home buyers find their next home safely.
REAL ESTATE TECHNOLOGY
Rubenstein Partners | April 04, 2022
On April 1st, premier vertically integrated real estate advisor announced the acquisition of its first property in the Dallas market. Rubenstein acquired 5600 Headquarters Drive in Plano’s legacy section. The announcement was made by Founder and Senior Managing Principal, David Rubenstein. Rubenstein Partners specializes in value-added property equity and debt opportunities.
David Rubenstein stated, "Favorable market dynamics have created compelling opportunities in several of the western and southern MSAs, includingDallas. We believe that 5600 Headquarters Drive is an exciting step that will engage our vertically integrated platform while taking us beyond our traditional markets."
The property is an office building spanning 250,000 square feet with multi-level corridors connecting three pods. Cresa, a leading tenant advisory firm, facilitated the sale.
The Legacy micro market location is a magnet for corporate relocations, offering excellent access to a highly educated employee base. We look forward to executing our business plan to modernize this property into a high end, experiential office property to best capitalize on local office demand."
Read Mortimer, Senior Vice President and Regional Director, Sun Belt at Rubenstein Partners
5600 Headquarters Drive offers unmatched access to coveted residential neighborhoods as well as schools and primary transportation arteries in Dallas. It is located at the intersection of the Sam Rayburn Tollway and the Dallas North Tollway. It also offers convenient access to the DFW Airport, residential areas in the North and South, and Uptown Dallas.
REAL ESTATE TECHNOLOGY
businesswire | December 21, 2020
Russell Investments, a main worldwide speculation arrangements accomplice, declared today that South Korea's public benefits store, the National Pension Service (NPS), has collaborated with the firm for US$1 billion worldwide recorded land order. This is the second Global Real Estate Securities (GRES) order granted by NPS to Russell Investments as a feature of their longstanding relationship
“We’re very honored that our dynamic client NPS has extended their trust in our ability to deliver a beneficial listed real estate solution,” said Global Chief Investment Officer Pete Gunning at Russell Investments. “NPS has been actively engaged in the cutting-edge real estate asset class, even amid the COVID-19 pandemic, and we share their commitment to this increasingly important asset class.”
“We are excited to further expand our listed real estate capability to capitalize public real estate market opportunities and complement the private real estate portfolio,” said Scott Kim, Head of the Real Estate Investment Division at NPS. “Not only does this new mandate allow us to efficiently capture the potential price discrepancies between public and private real estate markets going forward but it will also act as an excellent portfolio diversifier, and help improve the overall portfolio risk-adjusted return.”
The new order is intended to make the most of strategic open doors with the larger part assigned after times of market slumps. NPS plans to use Russell Investments' broad exploration endeavors, including 30 years of involvement investigating land supervisors, and vigorous execution abilities to seek after a deft way to deal with market openings. Russell Investments will actualize the company's multi-resource portfolio the board capacities, to deliberately address portfolio hazard.
Looking toward 2021, Russell Investments' tacticians expect public land will pull in more income because of economic situations that element broadened low loan fees, generally high U.S. value valuation and plentiful liquidity.
“Successful distribution of COVID-19 vaccines should enable demand for public real estate to recover, particularly for the most impacted property sectors, such as retail, office and lodging,” said Bruce Eidelson, Director, Senior Portfolio Manager, Equity, at Russell Investments. “We expect the ever-broadening intra-sector performance dispersion will create a better active management environment which can produce significant return over the benchmark.”
Powerful dynamic administration in the $2 trillion GRES market, which in 2020 remembers 470 organizations for 35 nations and 11 areas, has gotten progressively significant as financial specialists look for return potential in very much broadened portfolios. For instance, research on Russell Investments' universe of land administrators shows an exhibition spread of in excess of 300 premise focuses among first-and third-quartile supervisors in the course of the last 12 quarters.
About Russell Investments
Russell Investments is a leading global investment firm providing tailored solutions and services to institutions and individuals through financial intermediaries. Russell Investments is the fourth-largest adviser in the world with $297.5 billion in assets under management (as of 9/30/2020) and $2.5 trillion in assets under advisement (as of 6/30/2020) for clients in 32 countries. Headquartered in Seattle, Washington, Russell Investments operates through 19 offices in major financial centers such as New York, London and Tokyo.