Real Estate Technology
prnewswire | September 14, 2023
GID, a real estate owner and fiduciary that invests in multiple asset classes, has announced that its industrial team, GID Industrial, has been named a 2023 Influencer in Industrial by GlobeSt. Real Estate Forum. This award recognizes distinguished individuals, teams, and companies for notable achievements within the industrial real estate sector.
"GID Industrial is honored to receive this prestigious recognition," says Rene Circ, co-head of GID Industrial. "In the three years since we formed our team, we have built an impressive portfolio that has sustained occupancy and offers potential for continued rent growth. We aim to continue our portfolio expansion, targeting opportunities that offer strong potential for long-term growth."
GID has been active in the industrial sector since 1986 and officially launched its industrial platform in 2020. In the three years after the platform's launch, the team has accomplished significant growth within the sector, executing stabilized, value-add, and development transactions. This diverse mix allows the team to provide its partners with investment opportunities tailored to their unique risk and return preferences. The platform currently operates more than 25M square feet of industrial space in top markets across the country.
"GID Industrial's key differentiator is the expertise and passion of our team," says Michael Wenaas, co-head of GID Industrial. "With 30 individuals boasting an average of 21 years of experience in the sector, our team is well equipped to provide unique value to our partners by offering a practiced, holistic perspective on the state of the industry. Our achievements over the last three years are a credit to the powerhouse team that we have assembled."
GlobeSt. Real Estate Forum Influencers in Industrial are selected by its editors based on nominations that outline the nominee's accomplishments and impact on the sector.
GID is a leading real estate investment and management firm that operates a diverse portfolio of multifamily, industrial, and mixed-use developments across the United States. With over 60 years of experience across multiple asset classes, GID is an established real estate private equity investor and fiduciary supported by an integrated operating platform with approximately 54,000 multifamily units and over 25M square feet of industrial and commercial space of assets under management. The company also operates a credit platform that aims to provide commercial real estate debt solutions for institutional borrowers.
With corporate offices in Atlanta, Boston, Dallas, New York City, and San Francisco, GID employs over 1,200 real estate professionals and operates an expansive portfolio of existing and under-development properties valued at over $30.1 billion1 as of June 2023.
1 Assets Under Management is calculated in compliance with the definition for Assets Under Management ("AUM") prescribed in INREV's Global Definitions Database.
Real Estate Investment
PRnewswire | August 22, 2023
Green Street, the preeminent provider of actionable commercial real estate intelligence and analytics, has partnered with Snowflake, the Data Cloud company, to deliver real-time U.S. and Pan-European commercial real estate intelligence on Snowflake Marketplace.
"Green Street is committed to delivering seamlessly connected commercial real estate data, analytics, research and news on both the public and private real estate markets in various formats," said John Guilfoy, Chief Product Officer for Green Street. "This collaboration gives clients yet another means to easily extract extensive time series data and predictive analytics – such as cap rates, market grades, and forecasts – and seamlessly integrate them into their own company models, internal systems, and daily workflows. We are excited to partner with Snowflake for this new method of data delivery."
Some key Snowflake capabilities include:
• Systematic updates: New data and analytics are promptly reflected in Snowflake.
• Integrations: Market participants can connect to their company's preferred integrations, including BI/dashboarding tools, internal databases and more.
Snowflake Marketplace simplifies discovery, access, and the commercialization of data products, enabling companies to unlock entirely new revenue streams and extended insights across the Data Cloud. To learn more about Snowflake Marketplace click here.
About Green Street
Green Street is the preeminent provider of actionable commercial real estate research, news, data, analytics, and advisory services in the U.S. and Europe. For more than 35 years, Green Street has delivered unparalleled intelligence and trusted data on the public and private real estate markets, helping investors, banks, lenders, and other industry participants optimize investment and strategic decisions. The firm delivers exclusive market information, conclusion-driven insights, and predictive analytics through a SaaS platform.
Brokerage, Real Estate Investment
Businesswire | July 20, 2023
Rental Beast, a leading real estate technology firm, is thrilled to announce a groundbreaking platform integration with Southwest MLS today. Ranked 10th nationwide as a hotspot for sellers, the Albuquerque housing market continues to boom despite a shortage in housing supply. As home values remain high, prospective homebuyers are shifting their focus to the rental market. In fact, each rental property in Albuquerque receives an average of eight tenant applicants, creating a market that's ready for REALTORS® to showcase their expertise.
Recognizing the demand for innovative solutions, the MLS is revolutionizing the rental market in Albuquerque through an exciting platform integration with Rental Beast. By providing its members with a comprehensive suite of tools, SWMLS empowers them to succeed in this fiercely competitive landscape.
"The launch of Rental Beast and NMHomeRentals.com is an exciting development for consumers, REALTORS®, and landlords in Greater Albuquerque," said Tego Venturi, President of SWMLS, "This new platform creates a reliable marketplace for rental properties, increasing transparency in the rental process and helping protect renters from scams. SWMLS has long been the premier marketplace for the Albuquerque home sales market and this new platform will become the central source of truth for the rental market in the same way."
The platform integration includes an array of features, including a rental-centric Add/Edit tool, access to valuable leads, third-party syndication to premier websites, an online application and tenant screening tool, powerful client management tools, and comprehensive training and support for SWMLS members to become experts in the rental market.
"We are giving members the tools they need to thrive in this space," said Ishay Grinberg, CEO of Rental Beast. "Our integration equips SWMLS members with the cutting-edge tools and resources needed to navigate the dynamic rental market landscape, deliver exceptional service to their clients, and capitalize on the immense potential that the rental market presents."
About Southwest MLS
The Southwest MLS Inc, also known as SWMLS, is the top real estate information and data provider in New Mexico, offering services to Central New Mexico and includes coverage in Bernalillo, Valencia, Sandoval, Torrance, and the areas of Socorro and Santa Fe Counties. The Southwest MLS is headquartered in Albuquerque, NM and is committed to equipping its members with valuable products and services, promoting strong ethical and professional stands while also supporting private property rights.
About the Greater Albuquerque Association of REALTORS® (GAAR)
The voice for real estate in the Greater Albuquerque area, the Greater Albuquerque Association of REALTORS® (GAAR) represents the growing region of Central New Mexico, which includes Bernalillo, Valencia, Sandoval, Torrance, parts of Socorro, and Santa Fe Counties, and is recognized as the leading provider of real estate information services and data in New Mexico.
Chartered in 1921 as the Real Estate Board of Albuquerque, GAAR today is the largest, local professional trade association in Central New Mexico, with 4,300 members pledged to uphold a strict Code of Ethics and Standards of Practice. GAAR is an association of professional REALTORS® who work cooperatively to advance the industry and actively support the communities and people they serve.
About Rental Beast
Rental Beast is a leading real estate technology firm with an end-to-end SaaS platform designed to empower real estate professionals and the nation's most comprehensive database of nearly eleven million rental properties. Sourced directly from property owners, updated in real-time, and offering a fulfillment-grade rental dataset, the Rental Beast database provides real estate professionals with an unparalleled view of all properties and owner types.
Utilizing a seamless and secure integration, participating MLSs, and REALTOR® Associations can capture thousands of properties that are normally off-MLS inventory, and leverage essential search, data ingestion, and maintenance systems needed to help member agents and subscribers capture their share of $12 billion in annual leasing commissions.
Rental Beast is recognized and supported by Second Century Ventures, the capital and strategic growth arm of the National Association of REALTORS® and is a proud member of the 2022 REACH-Canada program.
Real Estate Investment
Newmark | September 26, 2023
Newmark Group, Inc. a leading commercial real estate adviser and service provider to large institutional investors, global corporations, and other owners and occupiers, announces the launch of NewliticQuest. Bringing together Newmark's expertise in real estate, technology and consulting onto a single platform, NewliticQuest offers accelerated insights to develop strategic and tactical recommendations, inform business case development and achieve optimal results for property portfolios. Together with Newlitic, Newmark's proprietary data visualization platform, NewliticQuest is another addition to Newmark's growing suite of technology solutions serving corporate real estate leaders.
Leveraging NewliticQuest, organizations are better equipped to plan for and respond to business change, disruptive events, mergers and acquisitions and real estate opportunities through strategic insights, including location and market rate optimization, ideal vacancy rates, talent retention, commute times and more.
"Newmark is committed to investing in leading-edge technology that drives real decision-making dynamics to define the future of the workplace," said Rick Bertasi, Chief Executive Officer of Newmark Global Corporate Services. "Given the changing nature of corporate real estate, technology advancements will further amplify the value and potential of an organization's real estate strategy as companies pivot towards more data-centric cultures.
NewliticQuest offers several self-serve capabilities and insights into business and real estate performance with dynamic and simple dashboards, which can be accessed directly by clients. The software's automated data validation capabilities help users quickly pinpoint data issues to ensure that information is accurate before being executed. Coupled with Newmark's best-in-class consulting expertise, the tool can enable in-depth portfolio assessment, delivering tailored and tangible solutions for clients assessing their portfolio.
Newmark Group, Inc., together with its subsidiaries ("Newmark"), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark's comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform's global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. For the year ending December 31, 2022, Newmark generated revenues of approximately $2.7 billion. As of June 30, 2023, Newmark's company-owned offices, together with its business partners, operate from approximately 170 offices with over 7,400 professionals around the world.