REAL ESTATE TECHNOLOGY
@properties | July 08, 2021
@properties, one of the nation's largest residential brokerage firms, announced today the acquisition of Suburban Jungle Group (Suburban Jungle), a real estate technology and advisory firm that helps home buyers identify the best suburbs or neighborhoods for their specific needs before matching them with a vetted real estate agent. Suburban Jungle, based in New York, presently serves nine major U.S. metropolitan regions.
Suburban Jungle founder and president Alison Bernstein will continue to manage the company, according to @properties co-CEOs Thad Wong and Mike Golden. In addition, the firm will continue to operate independently, with its strategists recommending clients to real estate agents based on the agents' local knowledge and proven commitment to Suburban Jungle's buyer-advocacy model.
Suburban Jungle was established by Bernstein in 2004 when he was a student at Columbia Business School. The company was her answer to determining which of the 500 towns and suburbs in New York City would be the best match for her family.
Highly experienced Suburban Jungle strategists suggest locations for their customers based on in-depth client interviews, technology, and extensive local experience. The strategist works with both parties after recommending the buyer to a real estate agent until the buyer finds a house. The Jungler app from the company adds another degree of efficiency by enabling the buyer, agent, and strategist to exchange resources, schedule appointments, interact with locals, and provide feedback.
Suburban Jungle is currently available in the following cities: New York, Chicago, Dallas/Fort Worth, Philadelphia, San Francisco, Boston, Washington, D.C., South Florida, and Austin. The company also provides an Urban Jungle service that focuses on New York's five boroughs and services for move-down buyers.
Suburban Jungle will gain resources from the sale to @properties, allowing it to develop its tech platform further while extending into new markets and growing in current ones. @properties is also expanding. With the acquisitions of Ansley Real Estate in Atlanta and Nest Realty in Charlottesville in 2019, the Chicago-based company has expanded outside the Midwest. In addition, @properties will launch a national franchise brand in late 2020, with franchises already in Detroit and La Crosse, Wisconsin.
@properties, founded in 2000, is ranked eighth on the REALTrends 500 list of the largest residential brokerage companies in the United States by sales volume. @properties and its affiliated companies employ over 4,000 real estate agents throughout nine states in 65 office locations. Pl@tform, an integrated application suite created by @properties, assists its agents in managing all elements of the client relationship and real estate transaction.
About Suburban Jungle Group
Suburban Jungle Group is the first-of-its-kind real estate advisory and technology platform devoted only to assisting house buyers in locating the ideal town or suburb before looking for a property. The company's award-winning and objective "town first" approach to real estate guarantees that homebuyers look in the correct areas and ask the right questions. Home buyers are not charged for this service.
REAL ESTATE INVESTMENT
Evernest | July 01, 2022
Evernest, a national, full-service real estate and property management firm, announced a merger with three divisions of Virginia-based Dodson Property Management. The merger will bring Dodson's divisions overseeing single-family property management, small multi-family buildings, and association management into the Evernest portfolio.
The merger includes Dodson's entire single-family portfolio of 2,450 units; 1,100 units under its Portfolio Management division of smaller multi-family buildings; and all Association Management operations, encompassing 170 associations and 15,000 units. The names of the divisions will change to Evernest.
The merger is Evernest's largest to date, and adds roughly 3,550 single-family homes and small multi-family units to Evernest's portfolio. The deal boosts Evernest's overall portfolio to more than 11,000 single-family homes and apartments under management nationwide and positions Evernest as one of the largest single-family and small multi-family real estate and property management firms in America. Additionally, the deal moves Evernest into the management of homeowners and condominium associations in Virginia and Florida.
This merger is really the culmination of two companies that have a similar culture, a similar tech platform, and similar teams that have built legacies in large-scale, single-family property management. A combined company will add value to Dodson and Evernest clients through shared resources, shared values, and shared systems."
Matthew Whitaker, Evernest Founder and CEO
The merger with Dodson places Evernest's property management and brokerage services into four new single-family markets: Richmond, Fredericksburg, and Williamsburg, Va., as well as Northern Virginia. Dodson has association management operations in Richmond, Northern Virginia, Williamsburg, and Sarasota, Fla. These markets add to the 18 national regions already served by Evernest's elite team of property managers and real estate brokers. Like Dodson, Evernest has focused in recent years on acquiring and merging operations to grow and better support owners and residents. The Dodson merger comes on the heels of 21 previous deals, either mergers or outright acquisitions, made by Evernest. Dodson is one of five deals Evernest has made in the second quarter of 2022 alone.
"We have a vision for our own company's growth, and felt scale was necessary to build the best leadership team in the industry and to provide our residents and clients with all of the resources possible to ensure that they have a quality experience," said Duke Dodson, President and CEO of Dodson Companies. "We're extremely close with Matthew and the team at Evernest and have worked together over the years to build our businesses from the ground up, share best practices, and help one another grow, so we felt very comfortable in taking this big step to come together as one."
Dodson's existing leadership, operations, and property/association management teams will remain in place in the markets the company serves. Both property owners and residents will experience a seamless transition, maintain the same team members they know, and see continually improving processes and systems. Publicly, Dodson signage will change to Evernest. Dodson's Commercial, Development and short-term rental divisions remain independent and are not included in the Evernest merger.
Adds Whitaker: "As we expand into Virginia, and join forces with the Dodson team, we're excited to help residents, owners, and investors achieve their real estate goals and show them what a great property and association management company can be."
Based in Birmingham, Ala., Evernest operates in 25 real estate markets across the country. It is one of the nation's largest single-family and small multi-family investment broker and property management provider. The firm manages more than 11,000 homes for over 4,100 owners, brokers more than 1,000 investment deals annually, and has made the Inc5000 list five of the last six years.
About the Dodson Companies
Dodson was founded in 2007 as a property management and real estate company dedicated to the needs of investor owners and tenants. Today, Dodson operates a commercial property management and brokerage division, Dodson Commercial; a real estate development group, Dodson Development; and a short-term rental management division.
REAL ESTATE INVESTMENT
Axylyum | September 13, 2021
CRE Financial Firm, Axylyum Charter recently announced that they have joined the American Association of Private Lenders. The oldest national organization representing the private real estate and peer-to-peer lending industry, AAPL's members include private money lenders, mortgage fund managers, brokers and service providers from around the United States.
"We are very pleased to have joined such an important industry organization. The team at Axylyum believe very strongly in AAPL's core values and appreciate all that they do for the private lending space. We are looking forward to fostering this relationship and utilizing AAPL's member resources to better support our growing base," said Steven Amshen, general counsel at Axylyum.
Axylyum Charter was founded in early 2021 with the purpose of disrupting the distressed mortgage industry. The firm is a market creator and leader in providing portfolio-wide secure engagement options to Retail and Wholesale Lenders that allow for an immediate repurchase of Lenders' defaulted loans. Through their exclusive product, AXY Wrap™, Axylyum offers a secure guarantee on the performance of asset-based non-owner-occupied loans through portfolio-wide engagement pricing.
"The American Association of Private Lenders is pleased to have Axylyum join us as a service provider member. We look forward to supporting Axylyum as we do all our members through education, ethics, and advocacy," said Linda Hyde, managing director of AAPL.
Axylyum Charter focuses on acquisition of defaulted asset backed non-owner-occupied loans through portfolio wide engagement guarantees to non-traditional lenders. The goal of the organization is to disrupt the distressed mortgage-backed asset space by executing their litigation-driven equity capture position in high value markets.