REAL ESTATE TECHNOLOGY, REAL ESTATE INVESTMENT
ICSC | February 15, 2023
On February 14, 2023, ICSC, the member organization for industry advancement, announced its participation in an industry-wide alliance, The Commercial Real Estate Diverse Supplier (CREDS) Consortium, to foster supplier diversity in the real estate industry. CREDS, comprised of seven real estate trade associations, aims to accommodate the rising demand from real estate firms for increased supply chain diversity and promotes the use of services provided by Minority and Women-owned Business Enterprises (MWBEs).
ICSC works with CREW Network, NAIOP, Nareit, the National Multifamily Housing Council, Mortgage Bankers Association, and the Real Estate Roundtable as a founding member of CREDS Consortium. In addition, the alliance has launched a pilot program of two years with the leading supplier management software platform SupplierGATEWAY to help their members with tracking, identifying, reporting, and engaging with MWBEs.
Members of ICSC can sign up for SupplierGATEWAY's software platform at a discounted price to search for, connect with, and even hire MWBE suppliers. Through the CREDS portal, they will also be able to post their purchase orders and have other opportunities to do business. During the pilot program, the Consortium wishes to learn more about trends in supplier diversity in the real estate industry.
Tom McGee, ICSC President & CEO, said, "ICSC is committed to advancing diversity, equity and inclusion in the Marketplaces Industry and giving our members ways to identify and source MWBEs is one way we can do this." He also said, "The CREDS Consortium helps meet the growing demand for diversity in service providers and offers our members direct access to the tools and resources they need to support their own DEI goals. We are proud to be a founding member of the Consortium and look forward to working closely with the partner organizations to further this important initiative."
(Source: Business Wire)
About ICSC
Founded in 1957, ICSC is a member organization that works to improve the industry. It promotes and raises the status of the places where people shop, eat, work, play, and gather as important parts of communities and economies. It creates experiences that bring people together and make deals happen. It also fights hard to change public policy, creates high-impact marketing and public relations that change people's minds, gives professionals a solid foundation for success, and makes forward-thinking content with actionable insights that further drive growth in the industry.
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MARKET OUTLOOK, REAL ESTATE INVESTMENT
The Agency | February 09, 2023
On February 7, 2023, Global real estate brokerage The Agency announced the opening of a new franchise office in Lisbon, Portugal. This marks the company's second office in Europe, following The Netherlands, which opened in 2022. The office joins the brokerage's expanding network of over 70 locations throughout the United States, Mexico, Canada, Europe and the Caribbean. The Portugal office will be overseen by Ayres Neto, an industry veteran and Managing Partner.
Over the past year, The Agency has rapidly extended its global footprint, making it one of the world's fastest-growing luxury boutique brokerages. The independent brokerages owned by The Agency are integrated and refered to as true global partners. Every Managing Partner, whether from corporate or independently-owned offices, functions as one true global network.
The Agency's global partners have the same access to marketing, leadership, training, public relations, resources, and technology as its corporate offices instead of merely employing brand likeness in their marketing. The Agency has exhibited remarkable global growth since 2022, launching 27 new corporate and independently-owned offices, including the new office in Portugal, with even more openings imminent.
Ayres Neto, a highly successful, award-winning, top-ranked agent, will serve as Managing Partner of The Agency Portugal, leading and mentoring a diverse, multilingual staff of real estate experts from over a dozen nations who speak thirteen languages.
The Agency's well-known brand has been featured on worldwide television programs such as The Real Housewives of Beverly Hills, Million Dollar Listing Los Angeles, and Buying Beverly Hills, which premiered on Netflix on November 4, 2022. The Agency has spread to more than 70 corporately owned and franchise offices worldwide, making it one of the world's fastest-growing luxury boutique brokerages. The Financial Times recognizes The Agency as one of America's Fastest Growing Firms and has ranked among Inc. 5000's list of the country's fastest-growing private companies for six consecutive years. The Agency is poised for future development with like-minded partners in essential areas.
About The Agency RE
The Agency is a full-service luxury real estate brokerage and lifestyle firm that represents customers all over the world in a variety of segments, including residential, new development, resort real estate, residential leasing, and luxury vacation rentals. Since its establishment in 2011, it has reinvented the real estate business, modernizing and expanding the industry by developing a partnership culture in which all customers and listings are represented collaboratively by all its agents. The company has closed over $8.62 billion in real estate transactions and has established itself as a dominant player in the luxury real estate market, representing several of the country's most visible and high-end properties.
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REAL ESTATE TECHNOLOGY,REAL ESTATE INVESTMENT
SmartRent | January 03, 2023
SVN | SFR Capital Management (SVN | SFR), a privately held commercial real estate investment company that specializes in single-family build-for-rent (BFR) housing, recently announced a partnership with SmartRent, a provider of real estate technology solutions. SVN | SFR's rental communities are made to improve residents' quality of life, safety, and retention while lowering costs and making operations more efficient.
SVN | SFR Capital Management says that smart home technology has become an essential part of today's dedicated rental communities, and most renters are willing to pay more for houses with smart technology already built in. SmartRent's daily operational process solutions will help SVN | SFR and single-family rental renters by automating tenant technology and protecting assets.
As the BFR housing market alternative remains a popular commercial real estate (CRE) investment, SVN | SFR plans to buy and combine about 35,000 new construction BFR homes over the next 5–7 years, depending on the economy and tenant demand. The company will do this by raising an initial $12 billion in equity and debt capital, which it will use to build a large-scale institutional rental home portfolio and sell when it is stable.
SmartRent said today's operators and tenants want the modernization, optimization, and convenience that technology brings. The firm is thrilled to join SVN | SFR to usher in the age of smart solutions for their properties. With the help of SmartRent's hardware, software, and monitoring solutions, SVN | SFR's teams will be able to improve operational and financial efficiency as well as resident satisfaction across communities.
SmartRent's array of products and services encourages integrated modern living. Supported devices include locks that don't need keys, doorbells that ring, switches, dimmers, plugs, lightbulbs, thermostats, voice assistants, leak, motion, and door sensors. In addition, prospective residents/tenants can take self-guided tours and add ring devices for enhanced protection.
About SmartRent
SmartRent, Inc., founded in 2017, is a recognized enterprise property technology company built by and for real estate operators. All the company's products, including smart house-building hardware and SaaS solutions that run in the cloud, make it easy to see and control real estate assets. SightPlan, its subsidiary, specializes in workflow management solutions that automate the property lifecycle. The powerful, end-to-end enterprise platform from SmartRent and SightPlan boosts efficiencies and delivers cost savings and extra income streams, along with elevating user experiences.
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