Web Courseworks Launches Mobile App for CourseStage LMS with IREM

Cision PR Newswire | January 31, 2020

Web Courseworks, a leader in innovative adult learning technologies for associations, launched its new app for iOS and Android mobile devices in conjunction with IREM® (The Institute of Real Estate Management) this month. The new IREM Learning app allows the members of IREM to learn on-the-go, striking a balance among work, life, and learning in a fast-paced world. Members can now access the courses, assignments, and exams they need to get done simply by using their phone or tablet. Course content is even downloadable for offline access. For the first time, the free mobile app gives learners the ability to manage their progress effortlessly and maximize their downtime productivity, which undoubtedly marks a huge achievement for both IREM and Web Courseworks in this ever-changing industry. "This is officially the first ever release of CourseStage Mobile and a great step towards Mobile Learning," said Mayur Saxena, who worked closely in the developing process of the application.

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Real Estate Investment, Asset Management

Ares Management Corporation to Acquire Crescent Point Capital

Businesswire | July 18, 2023

Ares Management Corporation (NYSE: ARES) (“Ares”) announced today that Ares has entered into a definitive agreement to acquire 100% of Crescent Point Capital (“CPC”), a leading Asia-focused private equity firm with approximately $3.8 billion of assets under management, as of March 31, 2023. Founded in 2003, CPC has approximately 50 professionals. The team is headquartered in Singapore and has a presence in China, Indonesia, the Philippines and Vietnam. CPC pursues a private equity strategy focused on investing in industry-leading consumer companies across the larger Southeast Asia markets and China. Supported by a loyal and growing investor base over its nearly 20-year history, CPC has established a strong reputation and delivered attractive results investing through market cycles in its target sectors and geographies. Ares has established direct sourcing and investment capabilities in the Asia Pacific region across the credit, private equity, real estate and infrastructure asset classes through Ares Asia, previously known as Ares SSG. Ares Asia operates with approximately 165 professionals across a local footprint of nine offices in key Asia Pacific markets, as of March 31, 2023. This transaction highlights a continuation of Ares’ global expansion and creates a compelling opportunity for Ares to capitalize on the strong growth prospects for dedicated Asia Pacific private equity strategies. “We are proud of the significant Asia Pacific presence that we have established over the years, and we believe that CPC is an excellent platform that will further enhance our footprint and capabilities in the region,” said Michael Arougheti, Chief Executive Officer and President of Ares. “We have enjoyed the opportunity to develop a great relationship with the Crescent Point team. They are experienced investors who we believe will bring impactful synergies to our existing Asia team.” “Similar to Ares, we believe CPC possesses a highly collaborative culture. We believe that they will bring deep private equity experience, relationships and a demonstrated track record of investing in markets that will greatly complement our efforts and footprint in the region,” said Edwin Wong, Head of Ares Asia. “The expansion of our local capabilities will also strengthen our position as a creative solutions provider to management teams and sponsors in the market.” As part of Ares, CPC is expected to benefit from the advantages of Ares’ scaled global platform and network, including Ares’ local market presence across the Asia Pacific region. The transaction provides opportunities to enhance CPC’s growth through greater access to capital, market intelligence, transaction opportunities and expanded investor relationships. “We look forward to joining Ares and we firmly believe that this combination will help further catalyze the growth of our business,” said David Hand, Managing Partner of CPC. “As part of a leading global brand and scaled platform, we expect to realize several shared benefits that will support our ability to deliver attractive investment returns for our investors, including greater market intelligence and a broader set of local sponsor relationships.” The transaction is expected to be immediately accretive to Ares’ after-tax realized income per share of Class A and non-voting common stock. The transaction consideration will be primarily comprised of Ares Class A common shares subject to a multi-year lock-up. The transaction is expected to close in the third quarter of 2023 and is subject to customary closing conditions, including regulatory approvals. Latham & Watkins served as legal counsel to Ares and Kirkland & Ellis and Milbank LLP acted as legal counsel to CPC. About Ares Management Corporation Ares Management Corporation (NYSE: ARES) is a leading global alternative investment manager offering clients complementary primary and secondary investment solutions across the credit, private equity, real estate and infrastructure asset classes. We seek to provide flexible capital to support businesses and create value for our stakeholders and within our communities. By collaborating across our investment groups, we aim to generate consistent and attractive investment returns throughout market cycles. As of March 31, 2023, Ares Management Corporation's global platform had approximately $360 billion of assets under management, with more than 2,600 employees operating across North America, Europe, Asia Pacific and the Middle East. About Crescent Point Capital Crescent Point Capital pursues a private equity strategy focused on investing in category-leading companies in Southeast Asia and China. We focus on forming close partnerships with our portfolio companies by providing hands-on operational, financial and strategic value-add from the inception of an investment through to its exit. Since inception, we have completed investments in more than 50 transactions in our target markets, with 31 partial or complete monetization events accomplished as of March 31, 2023.

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Real Estate Technology, Mortgage and Lending

8Twelve Financial Technologies and Lotly Announce Strategic Partnership to Empower Home Buyers

Globenewswire | July 05, 2023

8Twelve Financial Technologies Inc. (“8Twelve” or the “Company”) is delighted to announce a strategic partnership with Lotly, a trailblazer in shared equity programs. This collaboration aims to empower potential home buyers, making homeownership more accessible through Lotly's innovative shared equity program. 8Twelve's state-of-the-art INFIN8 platform, which employs real-time analytics, AI, and workflow automation, will be instrumental in this partnership. It will help identify the best possible mortgage from Canada’s largest marketplace of bank, alternative, and private mortgage products, thereby reducing the financial barriers to homeownership. "Lotly's commitment to making homeownership more accessible aligns perfectly with our mission at 8Twelve," said Gary Fooks, the CEO of 8Twelve. "Our technology, combined with Lotly's shared equity program, will provide a unique solution to the financial challenges of home buying. This partnership ensures that we can help more people realize their dream of homeownership." Lotly is renowned for its innovative approach to home buying, offering a portion of the home's purchase price in exchange for a share of the home's future value. This reduces the upfront costs for home buyers, making homeownership more accessible. And with Lotly, home buyers always retain the majority of their property’s appreciation, clearing the path to meaningful wealth generation through homeownership. "With the current economic climate and the challenges of the housing market, potential homeowners need to be aware of all their financing options," said Martyna Gatkiewicz, the CEO of Lotly. "This partnership underscores the strength of our shared equity program and 8Twelve's technology in enabling us to deliver the best financing solutions to our clients." 8Twelve is experiencing growing interest and user success with its offerings as home buyers seek innovative ways to assist with their home purchase. 8Twelve's secure, smart technology is capable of providing swift turnarounds and exceptional service levels to home buyers as it strives to offer a solution for every borrower situation. About Lotly Lotly is a pioneer in shared equity programs, offering a unique solution to the financial challenges of home buying. The company's innovative program reduces the upfront costs for home buyers, making homeownership more accessible. Lotly’s investment funds are crowdfunded from real estate investors of all levels. Meaning, home buyers and investors tap into the market together, a first of its kind win-win solution in Canada. For more information, visit www.lotly.com. About 8Twelve Financial Technologies 8Twelve is revolutionizing the home financing experience by providing consumers with one convenient platform to solve all their mortgage needs. No longer do borrowers need to search for a mortgage through multiple providers such as banks, mortgage brokers, and private lenders. Now, they can access Canada's largest selection of mortgages in one convenient marketplace. 8Twelve’s proprietary cloud platform INFIN8 utilizes real-time analytics, AI, and workflow automation to identify the best possible financing solution in the Canadian market (from over 65 lenders and over 7000 mortgage products).

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Real Estate Investment

Roc360 Announces Additional Capital Sources

PRnewswire | August 21, 2023

Roc Capital Holdings LLC ("Roc360", the "Company"), a vertically integrated platform for residential real estate investors and a leading originator of business-purpose loans, and Temasek, a global investment company headquartered in Singapore, today announced the launch of Roc360 Real Estate Income Trust Inc ("Roc360 REIT"). The externally managed mortgage REIT will invest in business purpose loans for residential real estate investment properties principally originated by Roc360. Since its founding, Roc360's core focus has been to connect the highly fragmented business of residential investment property lending with institutional capital through an "originate-to-sell" business model. The formation of the Roc360 REIT establishes Roc360's presence as an asset manager, which will enable the Company to further diversify its base of committed capital to enhance the certainty of capital for its borrowers. "As demand for our assets has increased, we view the Roc360 REIT as an opportunity to secure more funding for our customers by diversifying our range of capital sources," said Arvind Raghunathan, Ph.D., Roc360 Founder and Chief Executive Officer. "We are honored to partner with Temasek on this important endeavor, which will have a beneficial impact on our customers' ability to scale their businesses in combating the shortage of affordable, energy efficient homes in this country." The partnership between Roc360 and Temasek highlights the continued interest in US residential real estate from the international investor community. "This year, we have taken a number of steps to grow our origination capabilities both organically and via acquisitions. As such, we view the Roc360 REIT as a natural extension of our platform, which binds best-in-class origination capabilities and diverse, committed and scalable capital through technology and data which provides our borrowers certainty of execution and a streamlined process. We are excited to provide an alternate funding model for this segment of the industry outside of whole loan purchases and securitization markets," said Maksim Stavinsky, Co-Founder and President of Roc360. In addition to the REIT, Roc360 will maintain and expand its existing loan purchase programs and asset management solutions to accommodate its growing origination footprint.Deutsche Bank Securities Inc. served as sole structuring agent for this transaction. About Roc360 Roc360 is a leading financial services platform for residential real estate investors, providing vertically integrated solutions, including lending, servicing, insurance, and valuation. Founded in 2014 by Arvind Raghunathan, Maksim Stavinsky and Eric Abramovich, Roc360 employs over 300 people and its wholesale and retail brands have funded in excess of $25 billion in loans throughout the United States since inception. The company is headquartered in New York City with offices on three continents.

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