REAL ESTATE TECHNOLOGY, AGENT
Cadre | March 01, 2023
On February 28, 2023, Cadre, a technology-driven real estate investment management leader, announced its launch of an individual retirement account (IRA) solution. Through the solution, the investors are enabled to allocate their IRA funds into CRE (commercial real estate) via the Carde platform. The real estate company anticipates that the new investment option will continue to broaden access to CRE – a typically tax-advantaged asset class with more extended investment periods and attractive risk-adjusted returns relative to stocks.
IRA investors who experienced a challenging year in 2022 would be offered Carde's new solution. According to the Investment Company Institute, between Q1 and Q3 2022, U.S. retirement market assets decreased by more than 18% and lost $7.1 trillion. As per YCharts, S&P 500 Index Returns, and NCREIF Property Index, total returns for all property types IRAs held the majority of retirement assets holding over $11 trillion in assets allocated to equity funds. While S&P 500 index declined by more than 13%, whereas NCREIF Property Index increased by 9.13%.
Cadre's IRA solution follows the 2022 launch of the Cadre Horizon Fund, enabling retirement-focused investors to allocate IRA funds to the Fund via Cadre's online platform. The Cadre Horizon Fund can be held with a number of leading IRA custodians, including Equity Trust Company, The Entrust Group, and Millennium Trust Company. In addition, Cadre's Investor Relations team can help interested investors navigate the allocation process and determine Cadre's compatibility with other preferred IRA custodians.
Based in New York, Cadre is the premier technology-driven commercial real estate investment platform that offers individuals and institutional investors the opportunity to access expertly curated real estate assets with low fees, lower minimums, and unprecedented potential for liquidity. Cadre enables access to a historically opaque and illiquid asset class through its data-driven and transparent methodology. Cadre has closed more than $5 billion in real estate transactions across 25 U.S. markets since its founding in 2014.
REAL ESTATE INVESTMENT, MORTGAGE AND LENDING
Gantry | January 23, 2023
Gantry, the largest independent commercial mortgage banking firm in the United States, recently informed that it produced $4.93 billion in commercial mortgages in 2022.
Meanwhile, even in 2021, Gantry had produced about $5.15 billion despite economic instability. It has broken records in the last three decades, completing the second-best production of commercial mortgage banking operations.
Jeff Wilcox, Principal of Gantry, said, "Last year was a tale of two halves, where after record setting Q1 and Q2 production totals, the market slowed for price discovery during the second half of the year. Despite the challenges, we have an experienced team that has successfully navigated cycle shifts in the past and operates proactively from that perspective."
(Source - Business Wire)
With $17.5 billion in national-level business in 2022, Gantry has no failed or missed transactions in asset types. This performance led to active interactions with clients as the originator and service provider, an actual rating at the time of placement, and a consultative role in choosing the best financial plan for the client's unique investment objectives. In addition, it examines every investment keenly for variations in performance, maturities, and tenant rollover at the annual assessments.
In 2022, Gantry provided 476 loans, including every type of commercial asset class. Around 85% of Gantry's 2022 production was financed by life insurers, regional banks, and credit unions, with each type of lender performing better for various borrowers. In terms of asset classes, Gantry continues to secure office, retail, and lender-preferred industrial and multifamily loan deals. In addition, Gantry successfully funded specialty assets, such as healthcare and self-storage, through various correspondent or associate lenders.
Gantry, a San Francisco-based private mortgage bank, has many correspondent lenders that use its production, closing, and servicing services. The company, founded in 1991, has approximately 100 employees in regional offices in the western US and New York and over 45 production teams that generated nearly $5 billion in the past year. The $17.5 billion nationwide servicing platform covers over 2,000 loans in 43 states. It is one of the few non-banking, non-insurance chartered companies with a Primary Servicer rating from Standard & Poor's.
REAL ESTATE TECHNOLOGY, REAL ESTATE INVESTMENT
Tribe Property Technologies | March 10, 2023
On March 09, 2023, Tribe Property Technologies Inc. announced a deployment of VendorPM nationwide to support Canada's Tribe-managed communities. Property managers at Tribe-managed communities will benefit from a streamlined request for proposal (RFQ) process because of the Tribe's partnership with VendorPM, allowing them to connect easily with more than 30,000 service providers.
A proprietary platform integration was also launched by Tribe recently that streamlines the mandatory Tarion new home warranty process that is specific to the Province of Ontario. The new partnership, available for real estate developers through the Company's Tribe Home Pro digital solutions, brings the ability and automation for developers to track issues from any stage of development, from a single dashboard to generate custom reports, and simply review all in-unit warranty issues and their resolution status. It further results in faster and more efficient turnarounds for homeowners.
The Tribe Home Pro solution enables real estate developers to track pre-delivery inspection deficiencies, digitize building data and owners' manuals, and facilitate the handover of a completed community to owners and condo boards.
About Tribe Property Technologies
Founded in 2012, Tribe Property Technologies is a tech-savvy property management firm that supports residents, councils, real estate developers and vendors to complete pre-constructed occupancies. As a rapidly expanding company, its integrated service-technology delivery model serves a broader range of stakeholders than traditional service providers. It seeks to acquire highly accretive businesses in the fragmented North American property management industry and transform them by streamlining and digitizing their operations.