REAL ESTATE TECHNOLOGY, REAL ESTATE INVESTMENT
PRnewswire | May 26, 2023
MRI Software is reinforcing its commitment to Diversity, Equity, and Inclusion (DEI) with a new strategy that puts the company at the forefront of DEI action in the PropTech sector. This follows the company's Chief Executive Officer Patrick Ghilani committing to a broader CEO initiative aimed at championing such efforts in the workplace. In supporting CEO Action for Diversity & InclusionTM, Ghilani joined over 2,000 CEOs pledging to take action to cultivate a workplace where diverse perspectives and experiences are welcomed, respected and openly discussed.
"Our desire is that DEI isn't just something we do as part of our culture, but rather it is our culture," says Ghilani. "MRI will continue fostering a work environment where employees of every background can freely address challenges, present opportunities and share perspectives, as it strengthens our business and drives innovation."
To help MRI attract and retain team members who identify with a wide range of diverse, often underrepresented communities such as women, people of color, and LGBTQIA+, the company has announced a number of Employee Resource Groups (ERG). The first, the Women and Allies group, was formed last year, while an LGBTQIA+ group, PRISM (Pride, Respect, Inclusion, Support at MRI), is being launched this month – with two other groups representing unique communities within the company in the process of being formed.
Susan Avelluto, MRI's Chief People Officer, says: "Creating a true culture of inclusion and belonging and investing in people and communities that strengthen MRI as a workplace is critical to our ongoing success as a business. Our Employee Resource Groups, called Pride Resource Groups internally, support the company's broader DEI strategy, providing an avenue through which MRI can connect with audiences from each group's demographic – whether from a workplace standpoint or an external community and market-outreach perspective."
These groups help the company address four pillars at the heart of its DEI strategy: People, Culture, Community, and Marketplace:
People - underscores MRI's aim to attract, develop, engage, and retain a rich diversity within the members of its global team
Culture - speaks to the need to understand, connect with and create a sense of belonging with all groups of people
Community – promotes volunteerism and financial investment across a broad range of different external communities
Marketplace - enables MRI to build a more inclusive employment brand and solution offering
Carol Lewis, MRI's Vice President of DEI, says: "Making sure we're listening to the voices of every community and leveraging their insights to create a better working environment – as well as products and services that resonate across more audiences – is crucial to helping us sustain a diverse and inclusive business. We are dedicated to transforming lives. We're invested in DEI because this is what connects the world—where people live, work and play— in a more meaningful way."
MRI has also formed strategic corporate partnerships with groups that give marginalized or underserved communities opportunities they normally would not have. These include Coding Black Females (empowering and mentoring this community), AnitaB.org (supporting women and non-binary technologists), Women in Technology International (WITI), INROADS (serving unrepresented and underserved youth) and Steel City Codes (a high school student-led non-profit educating elementary and middle-school pupils on computer science).
Ghilani concludes: "Our initiatives over the last few years and our focus to further improve in this area are not just singular, programmatic actions. They're indicative of our unwavering commitment to cultivating a true sense of belonging."
About MRI Software
MRI Software is a leading provider of real estate software solutions that transform the way communities live, work and play. MRI's open and connected, AI-first platform empowers owners, operators and occupiers in commercial and residential property organizations to innovate in rapidly changing markets. MRI has been a trailblazer in the PropTech industry for over five decades, serving more than six million users worldwide. Through innovative solutions and a rich partner ecosystem, MRI gives real estate companies the freedom to realize their vision of building thriving communities and stronger businesses. For more information, please visit mrisoftware.com.
AGENT, REAL ESTATE INVESTMENT
PRnewswire | May 08, 2023
Parvis Invest Inc. (TSXV: PVIS) ("Parvis" or "the Company"), a technology-driven real estate company focused on broadening access to institutional quality real estate investment opportunities, today announced a co-agency agreement with Equiton, a leading Canadian private equity real estate investment firm, to distribute two Equiton products on the Parvis platform.
Through this co-agency agreement, investors registered on the Parvis platform will have turnkey access to a leading private real estate investment trust (REIT) opportunity with monthly distributions in addition to the varying, premium development projects listed on the platform. The two funds set to be listed include the Equiton Apartment Fund and Equiton Income and Development Fund, both designed to provide investors with access to a diversified portfolio of institutional quality real estate investments.
"We believe in Canadian real estate. Its strong fundamentals have helped many people build wealth for their families. That's why we're so excited about this partnership with Equiton, " said David Michaud, Chief Executive Officer of Parvis. "From the beginning, we've wanted to build a platform that helps more people build long-term value and wealth. But investors who want access to private real estate investment face barriers. Now, through our tech-enabled platform, we can provide access to both individual and pooled investment opportunities - allowing investors to find the right fit for them, no matter what their investment objectives might be, with little hassle. This is an important step forward for our business, and I couldn't be more excited about it."
As of May 2, 2023, the Equiton Apartment Fund comprises 32 properties across 17 communities in Ontario and Alberta, with a total of 2,548 residential units with a targeted annual net return of 8-12% per year.
The Equiton Income and Development Fund provides access to a diversified portfolio of institutional grade real estate assets including income producing (commercial/industrial/lending) as well as development projects. The Fund targets an average annual net return of 12% to 16% over a 10 year period.
Both Funds specialize in acquiring multi-residential properties in Canada and increasing their value through active management and monthly distributions to investors from rental income and capital appreciation.
The listing of these funds follows Parvis' signing of an agreement to provide Exempt Market Dealer (EMD) services to Harvestd and Parametric, which opened up an exciting vertical for the company.
Parvis is a technology-driven real estate investing platform. Focused on broadening access to institutional quality real estate investment opportunities, Parvis promotes greater access in this historically inaccessible and illiquid asset class. Enabled by blockchain technology, Parvis makes finding, tracking, and maximizing investments an experience that is both frictionless and empowering. Parvis, headquartered in Vancouver, employs experts in Toronto, Vancouver, and Montreal.
Founded in 2015, Equiton is a recognized leader in private equity investments. We partner with advisors to offer easy access to all types of investment grade real estate through our proven, high-performing investment solutions that provide a variety of benefits including cash flow and capital appreciation. Our real estate expertise and dedication to investors led to tripling of our AUM from 2020 to 2022 during a global pandemic. Our exponential growth is a direct outcome of our leadership team understanding how the industry works and how to create long-term wealth through real estate investing.
REAL ESTATE TECHNOLOGY, REAL ESTATE INVESTMENT
Businesswire | June 02, 2023
Altarea and Tikehau Capital (Paris:TKO) announce today the launch of a Real Estate Credit platform targeting €1bn with €200m already secured from both sponsors ensuring strong alignment of interest.
The fund’s strategy will aim at bridging an anticipated wide liquidity gap in the market across a range of property types that will potentially include office, retail, industrial, residential, logistic and hospitality.
The platform will address a broad array of situations by providing flexible capital solutions to real estate sponsors and corporates, with a primary focus on asset-backed and traditional corporate financings, notably through junior mezzanine or whole loan debt instruments.
This platform will leverage on Tikehau Capital and Altarea’s complementary expertise in private credit and real estate asset classes, providing investors with unique access to the groups’ pipelines and strong networks to identify the most attractive investment opportunities. Altarea and Tikehau Capital have long-standing relationships and successful experience, investing together or in similar strategies.
"We are excited to launch our Real Estate Credit platform as we see a number of upcoming potential attractive opportunities throughout Europe," said Antoine Flamarion, co-founder of Tikehau Capital. "Tikehau Capital has a strong track record in real estate and private credit, and we believe that this platform will offer investors potential attractive returns while providing much-needed financing solutions for European property owners and developers, in particular in an environment where interest rates are rising sharply and liquidity dries up."
"We believe there is a strong momentum to initiate this strategy today. Real Estate companies and sponsors are still adjusting to the new environment with higher interest rates, more difficult refinancing ahead and progressive price discovery on asset values across all asset classes." said Alain Taravella, Executive Chairman and Founder of Altarea. "Altarea brings a wealth of expertise in Real Estate from an equity perspective as an investor and a developer, providing deep insight into project risk assessment and the capacity to manage complex situations."
Tikehau Capital already has a solid track record in real estate credit through its special opportunities franchise and has completed 15 investments to date in the space, for a total of c.€500m. The platform and investment process will be guided by Maxime Laurent-Bellue, Head of Tactical Strategies at Tikehau Capital.
About Tikehau Capital
Tikehau Capital is a global alternative asset management group with €39.7 billion of assets under management (at 31 March 2023). Tikehau Capital has developed a wide range of expertise across four asset classes (private debt, real assets, private equity and capital markets strategies) as well as multi-asset and special opportunities strategies. Tikehau Capital is a founder led team with a differentiated business model, a strong balance sheet, proprietary global deal flow and a track record of backing high quality companies and executives. Deeply rooted in the real economy, Tikehau Capital provides bespoke and innovative alternative financing solutions to companies it invests in and seeks to create long-term value for its investors, while generating positive impacts on society. Leveraging its strong equity base (€3.1 billion of shareholders’ equity at 31 December 2022), the firm invests its own capital alongside its investor-clients within each of its strategies. Controlled by its managers alongside leading institutional partners, Tikehau Capital is guided by a strong entrepreneurial spirit and DNA, shared by its 742 employees (at 31 December 2022) across its 14 offices in Europe, Asia and North America. Tikehau Capital is listed in compartment A of the regulated Euronext Paris market (ISIN code: FR0013230612; Ticker: TKO.FP).
Altarea is the French leader in low-carbon urban transformation, with the most comprehensive real estate offering to serve the city and its users. In each of its activities, the Group has all the expertise and recognised brands needed to design, develop, market and manage tailor-made real estate products. Altarea is listed in compartment A of Euronext Paris. For more information, please visit: www.altarea.com.