The World's Housing Market Appreciated 3.9 Percent Annually in Q1

WORLD PROPERTY JOURNAL | June 13, 2019

International property consultant Knight Frank's latest Global House Price Index for Q1 of 2019, Slovenia is home to the world's fastest rising house prices with average values accelerating 18.2% year-on-year. Falling unemployment, low interest rates and until recently, limited supply, are behind the strong price growth. Kate Everett-Allen, Partner, International Residential Research at Knight Frank said, "Slovenia is home to the world's fastest rising house prices with average values accelerating 18.2% year-on-year. Falling unemployment, low interest rates and until recently, limited supply are behind the strong price growth." European countries account for six of the top ten this quarter with Hungary (9.2%) making its fourth consecutive appearance in the top ten rankings.

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Spotlight

This exquisite home is in The Homestead, a coveted foothills neighborhood. The list of upgrades is endless as it has been completely remodeled top to bottom by an interior designer. This home has 4 bedrooms plus an office & gym! It is move in ready with a brand new kitchen, master bath, gleaming wood floors & tasteful paint palette.

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REAL ESTATE TECHNOLOGY

National Pension Service of Korea and Russell Investments Form New Global Listed Real Estate Strategy

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.

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REAL ESTATE INVESTMENT

PURE Property Management Acquires Charleston-based New Heights Property Management

PURE Property Management | March 02, 2022

New Heights Property Management announced today its acquisition by Silicon Valley-based PURE Property Management, the fastest growing profitable residential property management and technology company in the U.S. Eric Wetherington, New Heights Property Management's Broker, joins PURE's executive team as Vice President Strategic Initiatives. A serial entrepreneur and business executive, Wetherington is a well-known industry leader, recently serving as 2019 National President to the over 6,000 member National Association of Residential Property Managers (NARPM). The property management industry is evolving with consolidation, The turbulence within the real estate market, regulatory compliance, and shifting consumer demand is challenging for small, independent operators. By 'banding together and building together' with PURE, New Heights remains dynamic and able to resolve many more of the problems that frustrate smaller regional third-party operators." Wetherington. I am thrilled to join PURE and add our experience and market knowledge to their property management experience, now over 1,000 years combined, I joined New Heights after 14 years in multi-family. Eric's industry leadership and mentorship has prepared my team and me to grow and deliver the professional property management services our clients and residents demand." Shannon Daugherty, Operations Manager at New Heights Property Management assumes day-to-day leadership responsibilities. With a vision to make the process of renting a home a simple and satisfying experience for all, PURE launched in October 2020 focusing on consolidating independently owned property management companies operated by seasoned industry leaders and supporting them with proprietary property management technology and processes designed by industry experts. PURE recently announced that it raised $50 million in equity financing from Level Equity, which values the business at over $300 million. PURE's "from the industry, for the industry" mantra resonates with the owners of successful property management companies looking for the operational efficiency derived from the technology and scale that PURE provides. New Heights Property Management continues to operate under its established brand, now a PURE Property Management Company. New Heights is the only Certified Residential Management Company (CRMC®) in South Carolina, a designation considered to be the industry's premier credential. About PURE Property Management PURE Property Management is the fastest growing profitable residential property management and technology company in the U.S. Led by a team of experienced industry professionals and seasoned technology innovators, PURE acquires single-family residential property management companies and invests in their people and processes. By deploying technology and providing operational efficiencies, PURE enhances resident and investor experiences.

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Global Real Estate Firm Harwood International Unveils Design Of Its Tallest Office Tower

prnewswire | October 16, 2020

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