REAL ESTATE INVESTMENT
HappyCo | November 03, 2022
HappyCo, the leading residential operations platform for real-time rental property data collection and utilization, is acquiring Toronto-based Yuhu, a comprehensive rental lifecycle management platform. Terms of the deal were not disclosed.
Yuhu's operations platform is utilized by top property owners and operators such as Boardwalk, CAPREIT, and BentallGreenOak and services over 500,000 prospects and residents across Canada and Europe.
"We've known the Yuhu team for quite some time and both companies share a similar culture and common vision to improve the multifamily industry, The merger of our firms broadens our collective impact on the overall resident lifecycle, and will allow us to capture more actionable data, create opportunities to enhance resident experiences, and streamline property operations to ease the daily workload of onsite teams."
-HappyCo CEO, Jindou Lee
Yuhu's cloud-based software for property owners and managers will be integrated into HappyCo's 'Happy Property Suites' and 'Happy Force' products to offer a complete operations solution for customers and residents. The Yuhu acquisition provides HappyCo with a resident-facing solution that significantly enhances its existing products and offers HappyCo customers a cohesive product that delivers an end-to-end view of the property lifecycle.
As part of the acquisition, Yuhu's current employees will join the HappyCo team, including Hugh Kolias, CEO of Yuhu, who will join as EVP. Existing Yuhu customers will benefit from an expanded solutions platform, accelerated product investment, and broader support while enjoying continuity of service.
We are thrilled to join forces with Jindou and the HappyCo team to achieve our shared vision to enhance the quality of life for multifamily residents and operators, By bringing our teams and products together, we're able to provide our mutual client-partners with an even better all-around experience,said Kolias.
Founded in 2011, HappyCo is the leading source of condition assessments and workflow tools for the multifamily market. Designed to automate, simplify, and protect data collected during residential rental property inspections, the platform has in-unit data on more than 3.5 million multifamily and single-family rental homes – notably one out of every eight professionally managed units in the U.S. The company provides vital underwriting information to lenders, investors, and asset managers, and empowers property managers with real-time operational tools and reporting. In 2021, HappyCo data were relied upon in about 26 percent of all U.S. sales transactions of multifamily units. HappyCo also serves property managers, offering a complete suite of apps to simplify processes, drive better performance and generate comprehensive views of assets within a portfolio.
HappyCo is a real estate software company that develops mobile and cloud solutions to enable real-time operations data for property managers, asset managers, lenders, and investors. Its software suite includes market-leading condition assessment and workflow tools with in-unit data on over 3.5 million rental homes. Founded in 2011 in Adelaide, Australia, the company is privately held with a remote workforce throughout the US, Canada, and Australia.
About Yu hu
Yuhu Inc. is a cloud-based multifamily operations platform that manages the entire rental lifecycle from lead to renewal. Yuhu's product suite provides onsite teams with a single, comprehensive solution and access to consolidated data insights. Founded in 2015, Yuhu supports over half a million residents, onsite staff, and prospects for its client-partners including Avenue Living, BentallGreenOak, Boardwalk, CAPREIT, Concert, Hollyburn, Campus Living Centers, Westdale, and other leaders in the Canadian multifamily industry.
REAL ESTATE TECHNOLOGY
Lone Wolf Technologies | September 07, 2022
Lone Wolf Technologies (Lone Wolf), the leader in North American residential real estate software, announced today the rollout of the company's highly popular digital signature solution, the all-new Authentisign, to Lone Wolf Transactions (zipForm Edition) customers. This rollout will take place nationwide in a phased market approach starting today.
As real estate's most trusted digital signature solution, Authentisign has for over 20 years provided the industry with a way to sign transactions documents quickly, easily, and most importantly, securely. The all-new Authentisign will replace the existing digital signature solution built into Transactions (zipForm Edition) and represents a significant improvement in how real estate professionals manage and complete signings.
In the new Authentisign, users will experience:
Improved signing creation workflows that remove the need for a signing wizard
An improved signer experience that times signature prompts to match user interaction
Performance improvements that mean users can complete signings up to 60% faster
With these improvements, users will be able to complete signings in just three easy steps—so they can process and close deals faster than ever while providing a simpler experience for homebuyers and sellers.
Since its original release in 2021, the all-new Authentisign has received over 1.8 million ratings from agents, buyers, and sellers alike with a 4.5 out of 5 average. Of the 42 million signings completed in Lone Wolf solutions in the last year, 17 million have been completed using the all-new Authentisign.
"The new Authentisign was not only easier and faster than the previous version; it was also easier and faster than any other signature solution I've used, The new transaction workspace is a massive time-saver for real estate agents, and the signing experience for clients is incredibly intuitive."
- Janice Poetsch, Chief Administrative Officer at Fair Realty
This release, which comes on the heels of Lone Wolf's new forms editor, features the same groundbreaking technology designed to simplify real estate for everyone involved, Together, these two solutions will go a long way toward modernizing the forms and signing process as well as the entire buyer and seller journey,said Dan Fortin, Senior Product Manager at Lone Wolf.
Real estate has migrated from fragmented point solutions to digitally connected experiences, and transactions are the heart of it all, By connecting improved signatures to transactions through the all-new Authentisign, we're creating a central hub where real estate professionals can access and provide to their own clients the only truly connected start-to-finish experience in the industry,said Sean Wheeler, CTO at Lone Wolf.
About Lone Wolf Technologies
Lone Wolf Technologies is the North American leader in residential real estate software, serving over 1.5 million real estate professionals across Canada and the U.S. With cloud solutions for agents, brokers, franchises, MLSs and associations alike, the company provides the entire real estate industry with the tools they need to amaze clients, build their business, and improve profits from transactions to back office, insights, and more, all in one place. Lone Wolf's head offices are located in Cambridge, ON, and Dallas, TX.
Coldwell Banker Real Estate LLC | October 31, 2022
Coldwell Banker Real Estate LLC, an AnywhereSM (NYSE: HOUS) brand, released "The International Buyer's Guide to Purchasing U.S. Property," an in-depth collection of guidelines and best practices to demystify the buying process for international clients seeking to purchase property in the United States.
The International Buyer's Guide also serves as a helpful resource to help Coldwell Banker affiliated agents better serve clients, and as a marketing resource for agents to build referral business globally.
Key features in The International Buyer's Guide include:
The Current Real Estate Landscape
With travel bans eased, international interest in the United States real estate market is expected to increase due to pent up demand. In 2022, international buyers spent more money but purchased fewer properties than in previous years. According to the National Association of REALTORS®, while transactions further decreased, the dollar volume of foreign buyer purchases rose 8.5% to $59 billion between April 2021 and March 2022.
Big Spenders: International buyers accounted for $59 billion in dollar volume for residential properties purchased.
Cash Offers: 44% of international buyers paid all-cash for a U.S. property, compared to 24% among all existing home buyers.
Real Estate Investment: 44% of international buyers purchased property for use as a vacation home, rental or both in the United States.
The five U.S. states that attract the greatest number of international home buyers are Florida, California, Texas, Arizona and New York. While cities like New York and Los Angeles have traditionally attracted the most international dollars, secondary cities are on the rise, presenting as "hidden gem" opportunities. The Coldwell Banker Global Luxury program issued "The Report 2022," which includes "The Opportunity Index" that measures a market's percentage of annual price increase against the current inventory level.
Partnering with a Trusted Advisor
To ensure a smooth buying process from beginning to end, it's paramount that all buyers work with a trusted agent in their dream location. Coldwell Banker® affiliated agents are available to walk international buyers through each step. From setting up a budget and arranging financing, navigating the U.S. tax landscape to securing their dream home, Coldwell Banker affiliated agents provide around-the-clock support.
"We're ecstatic to welcome back international investment into the U.S. real estate market. Gone are the days where the agent is just part of a transaction – today, they're a lifelong partner, helping consumers craft their dream life. The "International Buyer's Guide to Purchasing U.S. Property" offers prospective buyers a full-scale look at best practices, tips and recommendations when thinking about their next purchase."
- Liz Gehringer, President of Affiliate Business and Chief Operating Officer of Coldwell Banker Real Estate
About Coldwell Banker Real Estate LLC
Powered by its network of over 100,000 affiliated sales professionals in approximately 2,200 offices across 40 countries and territories, Coldwell Banker Real Estate is a leading provider of full-service residential and commercial real estate brokerage services. The Coldwell Banker brand prides itself on its history of expertise, honesty and an empowering culture of excellence since its beginnings in 1906. Coldwell Banker Real Estate is committed to providing its network of sales professionals with the tools and insights needed to excel in today's marketplace and is known for its bold leadership and dedication to driving the industry forward. The brand was named among the 2022 Women's Choice Award® Most Recommended brands for customer experience and overall quality. Blue is bold and the integrity and values of the Coldwell Banker brand give the Gen Blue network an unbeatable edge. Coldwell Banker Real Estate LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each office is independently owned and operated.