Total U.S. Homeowner Equity Hits Record $15.8 Trillion in 2019

CoreLogic | July 19, 2019

According to a special report by CoreLogic titled The Role of Housing in the Longest Economic Expansion which analyzes the U.S. housing markets impact on the latest 121-month economic expansion rising from June 2009 through July 2019 - states that U.S. employment rates typically have a positive impact on the housing economy as it can lead to an increase in potential home buyers and a decrease in negative.

Spotlight

Everyone wants to live in a safe and decent home while still having enough to cover basic necessities such as groceries and child care. A home is considered “affordable” if it costs no more than 30 percent of a household’s annual income.

Spotlight

Everyone wants to live in a safe and decent home while still having enough to cover basic necessities such as groceries and child care. A home is considered “affordable” if it costs no more than 30 percent of a household’s annual income.

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REAL ESTATE INVESTMENT, REAL ESTATE ADVICE

Bonaventure and Project Destined Announce Strategic Partnership to Grow the Next Generation of Commercial Real Estate Leaders

Bonaventure | October 21, 2022

Bonaventure, an integrated alternative asset manager focused on the development, construction, and property management of innovative lifestyle multifamily communities in the Mid-Atlantic and Southeastern regions, announced its partnership with Project Destined. Bonaventure’s partnership will support Project Destined and its mission to provide training in financial literacy, entrepreneurship, and real estate to students from underserved communities. Since its founding in 2016, Project Destined has worked with more than 4,500 participants in 35 cities across the U.S., the United Kingdom and Europe. Bonaventure welcomes its Fall 2022 mentee group from Georgetown University, Howard University, George Mason University, Virginia State University and George Washington University. “We’re thrilled to be part of the extraordinary work Project Destined is doing to invest in the future of our industry’s leaders and innovators, We look forward to equipping these young students with the insights and skills necessary to understand what goes into forming communities, and are excited to show them a deeper look into our industry in hopes of inspiring their own personal and professional goals.” -Dwight Dunton, founder and CEO of Bonaventure Project Destined leverages a work-based learning approach where students join executives to evaluate actual commercial real estate deals in their community and compete in a pitch competition to industry leaders to earn scholarships. Bonaventure mentors will prepare, engage, and guide students one-on-one to help them develop a range of fundamentals including financial, technical, presentation, and leadership skills designed to aid them in obtaining internships, certifications, and full-time employment, launching their careers in commercial real estate. We are excited to partner with Bonaventure to grow our work in Washington, DC, The Bonaventure team has invested incredible resources to provide this group of students with mentoring, exposure and networking opportunities. We are proud to partner to prepare the students for potential careers in real estate,said Cedric Bobo, Co-Founder of Project Destined. About Bonaventure Headquartered in Alexandria, Virginia Bonaventure is an integrated alternative asset management company specializing in multifamily design, development, construction, asset management and property management with over 6,000 apartment units across 29 communities primarily in the Mid-Atlantic and Southeastern regions of the United States. Since its founding in 1999 by Dwight Dunton, Bonaventure has become one of the top 15 most experienced HUD developers in the nation and has completed $500 million in HUD loans and over $2.25 billion in transactions. With its focus on building enduring value through ingenuity, Bonaventure boasts a full suite of investment capabilities. About Project Destined Project Destined is a leading social impact platform that provides training in financial literacy, entrepreneurship, and real estate. Project Destined partners with corporations, schools, and non-profits to deliver training using its proprietary e-learning platform and love courses. Project Destined leverages a work-based learning approach where students work with executives to evaluate live deals in their community and present them in a pitch competition to industry leaders. Scholars emerge with the skills, confidence, experiences, and networks that prepare them to secure a strong first job and become stakeholders in their community.

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REAL ESTATE TECHNOLOGY

RI Marketplace and SharpLaunch Announce a New Partnership to Expand Their Technology & Services for a Better Client Experience

RI Marketplace and SharpLaunch | November 16, 2022

RI Marketplace ("Marketplace"), the leading online auction platform for commercial real estate (CRE) transactions, today announced their partnership with SharpLaunch, a powerful CRE marketing software designed to accelerate time-to-market and meet the needs of building owners, asset managers, investment sales teams, and brokers alike. Through this new partnership, SharpLaunch clients' listings can now be viewed on Marketplace's Listings page. This partnership will allow Sharplaunch's brokers to take advantage of a new, curated, and fast-growing network of highly vetted investors and for Marketplace's buyers to gain access to more opportunities. SharpLaunch customers can now easily opt-in to have their sales listings displayed on Marketplace's Listing page and automatically updated in real time as listing statuses are modified, all with the click of a button. The process is managed through an API integration that enables brokers to benefit from a wider distribution of their listings without having to manually input and update data from one site to another. SharpLaunch's ability to help streamline marketing operations for busy commercial real estate clients like CBRE and Cushman & Wakefield allows them to quickly and easily publish their listings so they can get back to driving revenue and making an impact at their organization. Not only does this partnership create a greater likelihood for buyers and sellers to transact, but it also illustrates how Marketplace and SharpLaunch continue to take the lead as CRE innovators by encouraging industry cooperation and collaboration with the ultimate goal of creating a more streamlined, efficient experience for commercial real estate professionals across the value chain. "By creating these partnerships and utilizing the best of both technologies, we are meeting the demands of our users – SharpLaunch clients gain more visibility for their property listings and Marketplace investors get to see more opportunities to buy, In collaborating with top tier CRE entrepreneurs and thought-leaders like SharpLaunch, we are creating a win win win for us, our clients and the industry as whole. We are consciously trying to move the CRE space forward by creating a culture of openness with technology partners - and having fun while we do it." -James Shevlin President and Chief Operating Officer at CWCapital, an affiliate company of RI Marketplace Marketplace has built a network of over 100,000 qualified investors nationwide with a proven track record of buying assets and who regularly visit Marketplace's website in search of their next deal, Making sure our listings could integrate with such a powerful platform was an easy choice, and an important one for the customers who rely on us to help them find the right buyers,said Bob Samii, Founder and CEO of SharpLaunch. About RI Marketplace RI Marketplace is the leading auction platform for commercial real estate transactions, bringing buyers, sellers and brokers together to efficiently list, market and close deals. The platform allows local, national and global investors the opportunity to quickly review and bid on assets throughout the country. Marketplace is managed by a dedicated team of commercial asset experts with more than $11 billion in online real estate sales. Since its inception in May 2017, the platform has completed more than $3.4 billion in transactions. About CWCapital Asset Management LLC CWCapital is a highly rated special servicer, investment management, and analytics firm with over $220 billion UPB of name servicing rights. CWCapital provides value maximization services and solutions for clients throughout the entire investment life cycle. The company is comprised of experienced real estate specialists managing one of the largest Special Servicing platforms. CWCapital offers deep market experience in acquisition services, underwriting, due diligence, investment management, dispositions, CMBS research, bond analytics – all powered by RealINSIGHT, a state-of-the-art asset management software. About SharpLaunch SharpLaunch is a powerful commercial real estate marketing software that accelerates lease and sales volume for busy CRE teams. As experts in commercial real estate marketing, SharpLaunch provides a suite of easy-to-use tools to streamline marketing operations, accelerate time-to-market, and amplify the digital presence of commercial properties.

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REAL ESTATE INVESTMENT

World’s First and Largest Commercial Property Online Marketplace Launches in the UK

CoStar Group | November 15, 2022

CoStar Group, Inc. (NASDAQ: CSGP), a leading provider of online real estate marketplaces, information and analytics in the commercial and residential property markets, has launched LoopNet, the world’s largest commercial property marketplace, in the UK market. The launch marks the creation of the world’s first international commercial real estate online marketplace, allowing tenants, brokers and investors to access properties available for sale and lease across multiple countries on a single platform. Prior to its launch in the UK, LoopNet marketed exclusively US and Canadian commercial properties to an international community of buyers and tenants. The integration of tens of thousands of UK property listings into the marketplace will unlock global access to the UK commercial real estate market, worth an estimated £1.5 trillion, benefitting brokers, investors, would-be occupiers, and owners of commercial real estate. With over 11m monthly unique visitors, LoopNet will provide UK users with unprecedented exposure to potential investors and tenants, significantly broadening the reach of every listing by successfully capturing relevant local and global audiences. Used by 93% of Fortune 100 companies, LoopNet has made significant investment into Google search engine marketing (SEM) as well as other types of marketing, resulting in superior volumes of traffic to the platform and more efficient outcomes for the end-user. Prior to the launch of LoopNet, the UK market was served by Realla, a CoStar Group company and the UK’s leading dedicated commercial property marketplace, which has now been integrated into LoopNet, unlocking access to additional pools of capital, a greater number of listings and a high-quality international audience. Prior to the integration, Realla had an average of 734,000 unique monthly visitors, which will now be significantly boosted by the additional traffic generated by LoopNet, bringing the total expected LoopNet traffic to nearly 12m unique monthly users from the first day of the launch. With 88% of commercial property searches currently being initiated online as market participants aim to save time and money, LoopNet provides sophisticated technology allowing brokers, tenants and investors to conduct viewings online and benefit from up-to-date pricing and information. The transparency enabled by LoopNet benefits all users, enabling them to get first-hand insights into the market and providing a useful benchmarking tool for market participants – an essential feature for those transacting in today’s volatile market environment. “The UK-wide roll-out of LoopNet, our leading commercial real estate marketplace, is an important element of CoStar Group’s on-going strategic international expansion effort. Having built a strong relationship with our UK customer base through CoStar and Realla, we are excited to be able to offer our UK users access to the international market, which will significantly increase their visibility and reach. With overseas interest in UK commercial property on the rise due to the attractive exchange rate, the launch of LoopNet could not have been timed better, allowing thousands of UK market players to reap the benefits of global exposure. LoopNet quickly became the industry leader for commercial marketplaces in the US, and we are optimistic about its prospects in the UK, where it’s the only marketplace to provide access to such a vast global audience, directly benefitting brokers, tenants, owners, and investors.” -CoStar Group Founder and Chief Executive Officer Andy Florance About CoStar Group CoStar Group, Inc. (NASDAQ: CSGP) is a leading provider of online real estate marketplaces, information, and analytics in the commercial and residential property markets. Founded in 1987, CoStar conducts expansive, ongoing research to produce and maintain the largest and most comprehensive database of commercial real estate information. Our suite of online services enables clients to analyze, interpret and gain unmatched insight on commercial property values, market conditions and current availabilities. STR provides premium data benchmarking, analytics, and marketplace insights for the global hospitality industry. Ten-X provides a leading platform for conducting commercial real estate online auctions and negotiated bids. LoopNet is the most heavily trafficked commercial real estate marketplace online. Apartments.com, ApartmentFinder.com, ForRent.com, ApartmentHomeLiving.com, Westside Rentals, AFTER55.com, CorporateHousing.com, ForRentUniversity.com and Apartamentos.com form the premier online apartment resource for renters seeking great apartment homes and provide property managers and owners a proven platform for marketing their properties. Homesnap is an industry-leading online and mobile software platform that provides user-friendly applications to optimize residential real estate agent workflow and reinforce the agent-client relationship. Homes.com offers real estate professionals advertising and marketing services for residential properties. Realla is the UK’s most comprehensive commercial property digital marketplace. BureauxLocaux is one of the largest specialized property portals for buying and leasing commercial real estate in France. CoStar Group’s websites attract tens of millions of unique monthly visitors. Headquartered in Washington, DC, CoStar Group maintains offices throughout the U.S., Europe, Canada, and Asia.

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