Spotlight

This guide is here to help you understand exactly why construction software is revolutionising the industry. With cloud-based systems, there’s a sense of traceability and accountability that has never been seen before in construction. All team members, from architects to subcontractors, are connected in one place giving them the opportunity to share information and collaborate.

Spotlight

This guide is here to help you understand exactly why construction software is revolutionising the industry. With cloud-based systems, there’s a sense of traceability and accountability that has never been seen before in construction. All team members, from architects to subcontractors, are connected in one place giving them the opportunity to share information and collaborate.

Related News

NexPoint Announced the Addition of Three New Sales and Marketing Professionals for Real Estate

NexPoint | May 08, 2020

NexPoint operates across the real estate landscape, with experience in multifamily, single-family rentals, office, industrial, hospitality, and self-storage, among other property types. NexPoint's real estate expertise continues to give rise to new investment opportunities that we can bring to investors. NexPoint's platform provides differentiated access to alternatives through a range of investment solutions, including public and private real estate investment trusts. NexPoint, a multibillion-dollar alternative investment platform, today announced the addition of three new sales and marketing professionals. The new hires are part of an ongoing expansion of the firm's distribution capabilities designed to support real estate investment offerings and reflect growth across the platform. Including the latest appointments, NexPoint added 17 members to its distribution team in the last year across a range of roles. NexPoint's real estate expertise continues to give rise to new investment opportunities that we can bring to investors. As we develop our distribution capabilities around these opportunities, we are able to expand access to NexPoint's real estate investment solutions, Dustin Norris, NexPoint's head of distribution and chief product strategist. NexPoint operates across the real estate landscape, with experience in multifamily, single-family rentals, office, industrial, hospitality, and self-storage, among other property types. The firm brings this expertise to investors through a range of public and private vehicles and investment solutions, including public and private REITs, closed-end funds, Delaware Statutory Trusts (DSTs), tax-advantaged real estate transactions, and other private real estate investments. Read More: 8 Steps to Find (& Stick With) the Right Real Estate Investing Strategy for You In expanding its distribution team, NexPoint has focused on aligning distribution capabilities with the platform's offerings, adding new hires with relevant backgrounds and industry expertise. Among the latest new hires is David Bulger, who joins as the regional sales director for Florida and Georgia. Bulger spent the previous 14 years wholesaling alternative investment offerings to independent broker dealers in Florida, most recently with Cantor Fitzgerald. With Bulger, NexPoint has added seven sales directors in the last six months. Others include: • Scott Belval, who joined as regional sales director for the New England and Upstate New York regions; • Luke Castanien, who joined as regional sales director for the Great Plains region, covering Kansas, Missouri, Iowa, and Nebraska; • Kyle Castle, who joined as regional sales director for the Great Lakes region, covering Illinois, Michigan, and Indiana; • Paul DeMaio, who joined as director of RIA and family office sales; • Mark Dillion, who joined as regional sales director for the Four Corners region, covering Arizona, Colorado, New Mexico, and Utah; and • Sean Parvin, who joined as senior regional sales director in the Southern California region. Other new hires announced today include a marketing manager and an internal sales consultant. The additions to the team over the last year align our distribution capabilities with the investment opportunities available on the NexPoint platform. As a result, we can better serve financial advisers and their clients, building a broader understanding of investors' evolving needs and bringing them a range of investment solutions from NexPoint, Kirby Noel, managing director and national sales manager. Read More: Top Marketing Ideas in Real Estate That Work (in 2020) About NexPoint NexPoint is an alternative investment platform comprised of a group of investment advisers and sponsors, a broker-dealer, and a suite of related investment vehicles. NexPoint's platform provides differentiated access to alternatives through a range of investment solutions, including public and private real estate investment trusts, tax-advantaged real estate vehicles, other private real estate investments, closed-end funds, interval funds, and a business development company. NexPoint is based in Dallas, Texas and is part of a network of affiliates with expertise across the asset management and financial services spaces. For more information visit www.nexpointfunds.com

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REAL ESTATE INVESTMENT

Ashcroft Capital Announces Acquisition of Elliot Norcross

Ashcroft Capital | December 06, 2021

Ashcroft Capital, a fully integrated multifamily investment firm, and National Property REIT Corp. ("NPRC"), a full service REIT that invests in and operates real estate assets, today announced their acquisition of Elliot Norcross (formerly Vida Apartments by ARIUM), a garden-style community located in one of the fastest-growing submarkets in the Atlanta metropolitan area. Elliot Norcross features 687 apartment units and offers quick access to Interstate 85, one of the primary thoroughfares in the city. Birchstone Residential, Ashcroft Capital's in-house property management company, has assumed day-to-day management of the community. NPRC, the majority equity investor in this transaction, focuses on acquiring tenant diversified real estate assets and, as of Sept. 30, 2021, owned 51 multifamily properties with over 20,000 units across the U.S. The off-market acquisition represents Ashcroft Capital's first transaction with NPRC, and the companies are actively seeking further acquisition opportunities to pursue together. Elliot Norcross also marks Ashcroft Capital's first acquisition in Norcross and the fourth in the company's rapidly growing Atlanta-metro portfolio. "We're excited to team up on this acquisition with NPRC, which, over the past decade, has acquired 73 communities similar to Elliot Norcross, Together with NPRC, we look forward to taking over this property because we feel it offers significant upside potential based on remaining capex and strong submarket rent growth. Only 30% of the units have been renovated, which provides the opportunity to add value by upgrading the classic units. Additionally, Norcross is becoming more and more desirable due to its proximity to Atlanta's employment centers and its highly-rated school districts." - Frank Roessler, founder and CEO of Ashcroft. Norcross has become a sought-after submarket due to its location directly amidst Atlanta's I-85 industrial corridor, which is one of the largest industrial districts in the Southeast and represents one of the metro's primary employment centers. Prominent employers in the Gwinnett County submarket include Comcast, Amazon, Mitsubishi, Hewlett-Packard, and Asbury Automotive. "Elliot Norcross marks our first joint venture with a major institutional partner and represents a significant expansion of our institutional platform, We're eager to partner with NPRC on an asset that we believe has significant operational upside and value-add potential in a vibrant, on-the-rise submarket. Furthermore, our emerging presence in the Atlanta market gives us the manpower and the infrastructure to deliver high levels of resident satisfaction and strong asset performance across the metro area." - Bill Kay, managing director of capital markets for Ashcroft Capital. Renovation efforts at Elliot Norcross, which will be executed by Birchstone's construction team, are expected to include further updating and modernizing the amenity spaces, improving curb appeal, updating landscaping, and implementing signage upgrades. In-home anticipated improvements include the addition of stainless-steel appliances, luxury laminate countertops, tile backsplashes, vinyl plank flooring, new cabinet fronts with modern pulls, and upgraded lighting and plumbing fixtures. New management also plans to add washer-dryer sets to approximately 600 homes. Situated across 52 acres, Elliot Norcross was built in two phases beginning in 1972, and offers spacious one-, two- and three-bedroom homes with an average unit size of 1,021 square feet. Eighty-five percent of the homes are of the two- and three-bedroom variety, including 128 townhomes. Existing community amenities include two resident clubhouses, two resort-style swimming pools, picnic and grilling stations, fitness center, two soccer fields, play area, and business center. About Ashcroft Capital Founded in 2015, Ashcroft Capital is a vertically integrated multifamily investment firm that has acquired 43 communities comprising 13,000 units since its inception and now has $1.7 billion in assets under management throughout several high-growth metros of the Sun Belt. The firm focuses on capital preservation while striving to return strong, risk-adjusted cash-on-cash to investors. Ashcroft is capitalized with high net worth, family office and institutional capital. Ashcroft specializes in value-add multifamily real estate and exhibits an expertise in extracting maximum value from every asset it acquires. Rather than attempting to play cycle timing, the firm strives to acquire excellent apartment communities within well-located submarkets of large and growing U.S. metros. About Birchstone Residential Birchstone Residential is the in-house property management company of Ashcroft Capital. It has a comprehensive property management platform that provides all essential services, including leasing, maintenance and construction management. Birchstone was purpose-built to execute the value-add business plan for each Ashcroft property, optimize financial returns and deliver high resident satisfaction. Committed to a people-centric culture and employee development through job training, job enrichment and accelerated development, Birchstone seeks to provide best-in-class service that attracts new residents and enriches the lifestyles of current residents. About National Property REIT Corp. National Property REIT Corp. (NPRC) is a REIT that acquires tenant-diversified real estate assets with a particular focus on multifamily real estate. NPRC may acquire real estate assets directly or through joint ventures alongside operating partners. NPRC's current multifamily portfolio consists of 51 properties with a market value of $3.3 billion as of September 30, 2021, located in 14 different states throughout the US. NPRC is actively seeking to capitalize on a combination of factors that underpin compelling investment opportunities in Class B/C multifamily suburban workforce housing properties located in secondary and tertiary markets in the United States as well as pre-stabilized new construction projects throughout the United States.

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Worldwide Single-Family Modular and Prefabricated Housing Construction Industry to 2030 - Identify Growth Segments for Investment

prnewswire | September 01, 2020

The "Single-Family Modular and Prefabricated Housing Construction Global Market Report 2020: COVID-19 Growth and Change" report has been added to ResearchAndMarkets.com's offering. This report provides strategists, marketers and senior management with the critical information they need to assess the global single-family modular and prefabricated housing construction market. This report focuses on single-family modular and prefabricated housing construction market which is experiencing strong growth. the report gives a guide to the single-family modular and prefabricated housing construction market which will be shaping and changing our lives over the next ten years and beyond, including the markets response to the challenge of the global pandemic.

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