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.
About GID
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.
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Real Estate Advice
PRnewswire | August 16, 2023
Zenerate ,an innovative AI startup in the Proptech space, has entered into a strategic partnership with SoLa Impact ,the leading private real estate developer of affordable housing in California. Zenerate has developed a powerful platform that employs generative design, artificial intelligence and advanced data analytics to optimize the feasibility analysis process for real estate projects, reducing turnaround time and maximizing development returns.
In a groundbreaking move to revolutionize the affordable housing sector, SoLa Impact has partnered with Zenerate, to streamline and automate the feasibility analysis process for their affordable and modular housing developments. The collaboration brings cutting-edge AI technology to the modular construction industry and dramatically accelerates the speed of planning, configuration, design, and the permit approval process for a wide range of SoLa's affording housing projects.
SoLa Impact has been at the forefront of addressing the affordable housing crisis in Los Angeles over the last decade, consistently demonstrating its commitment to creating sustainable, community-focused housing solutions. SoLa currently has over 35 projects with almost 3,000 units at various stages of construction, the majority of which are dedicated to affordable housing. With the increasing demand in the affordable segment, the need for swift and accurate feasibility, configuration, and design analysis has become paramount in the real estate development landscape.
Martin Muoto, the Founder and CEO of SoLa Impact, expressed enthusiasm for the partnership, stating, "We are thrilled to collaborate with Zenerate in our mission to dramatically scale the development and delivery of high-quality affordable housing in California. By leveraging Zenerate's cutting-edge technology combined with our proprietary standardization processes, we can bring significantly more units to market more cost-effectively and more quickly, with the vast majority of our projects to house people that are currently homeless and living in tents. Equally important, these are units that are an order-of-magnitude more energy efficient than the aging housing stock they are replacing. All units are fully electric, use water-efficient fixtures, and have ENERGY STAR-certified appliances, dramatically reducing GHG emissions while providing cost savings to California's low-income Black and brown communities."
The integration of Zenerate's software into SoLa Impact's modular operations will facilitate data-driven decision-making, allowing for a more efficient and comprehensive evaluation of potential development sites, construction costs, and market demand. By automating the feasibility and design analysis, SoLa Impact's team will be able to evaluate more sites, repurpose vacant and sub-optimized locations, and build for maximum density and affordability.
The Co-Founder and CEO of Zenerate, Benji Shin, echoed Muoto's sentiments, emphasizing Zenerate's commitment to providing housing more quickly and affordably by leveraging Artificial Intelligence, particularly expert systems for code compliance and machine learning for rapid massing, configuration, and design. "We are thrilled to partner with SoLa Impact, whose deep commitment to creating sustainable, scalable, and affordable housing aligns perfectly with our mission. By automating key parts of the feasibility, configuration, and eventually, the permitting process, we aim to enable developers to run thousands of financial and design scenarios instantly, ultimately contributing to the advancement of affordable housing initiatives."
The innovative approach undertaken by SoLa Impact and Zenerate is expected to have a significant impact on the speed and scale of affordable housing development in California, starting in Los Angeles – the largest affordable housing market in the United States with the most acute homeless problem – and then expanding to other local municipalities, and eventually, other states.
About SoLa Impact
SoLa Impact is a family of real estate funds with a double bottom line strategy focused on preserving, rehabbing, and building high-quality affordable housing in low- and moderate-income communities. SoLa's proven track record leverages data-driven social impact strategies to deliver superior financial returns. SoLa Impact's fourth fund, the Black Impact Fund, has invested $1 billion in affordable housing in Southern California. SoLa Impact was ranked as the 7th fastest-growing minority-led private company by Inc. 500 and was awarded the Pension Real Estate Association (PREA) Emerging Manager ESG Award for SoLa's demonstrated ability to deliver on its commitment to positive changes in environmental, social, and governance (ESG) matters.
AboutZenerate
Zenerate, a member company of Born2Gl obal Centre, is a venture-backed innovative AI startup in the real estate development space, providing consulting services and web-based products for feasibility studies; Z-maps is a real estate development map that weekly updates all the latest projects in Southern California, and Zenerate App is a design automation tool that generates development scenarios with floor plans in real time for feasibility studies.
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Real Estate Technology
FOREWARN | August 28, 2023
FOREWARN, LLC, a red violet company and the leading provider of real-time information solutions for real estate agents, today announced that Space Coast Association of REALTORS® (“SCAR”) has contracted to make FOREWARN® services available for the 6,000+ members they serve throughout Brevard County and the Space Coast to promote proactive real estate agent safety.
Available both online and through a mobile application, FOREWARN analyzes billions of data points and provides users with the ability to mitigate risks by verifying identity, searching for criminal histories, and validating information provided by potential clients -- using just a phone number. FOREWARN allows agents to properly and safely plan for showings with a higher level of confidence.
The FOREWARN services purchased by SCAR are available to the 6,000+ real estate agent membership at no additional cost to individual members.
“We were looking for a solution that would help our members protect themselves well ahead of being in a potentially dangerous situation, and FOREWARN was the clear choice,” said Nancy Bartlett, President of Space Coast Association of REALTORS®. “It will equip our members to verify the identity of their unknown prospects in seconds, helping to address concerns around physical safety as well as possible fraud.”
Lindsey Ruschak, CEO of Space Coast Association of REALTORS®, went on to say, “We’re thrilled to be able to offer this product as a benefit of membership with Space Coast Association of REALTORS®, the launch is timely with REALTOR® Safety Month being recognized in September.” Existing SCAR members will receive specific instructions on how to move forward with activating their FOREWARN subscription.
About FOREWARN
At FOREWARN, we bring instant knowledge through innovative solutions to ensure safer engagements and smarter interactions. Leveraging powerful analytics and a massive data repository, our solutions enable organizations to gain real-time knowledge, for purposes such as verifying identity, searching for criminal histories, and validating information. Risk assessment and due diligence at your fingertips™.
About red violet
At red violet, we build proprietary technologies and apply analytical capabilities to deliver identity intelligence. Our technology powers critical solutions, which empower organizations to operate with confidence. Our solutions enable the real-time identification and location of people, businesses, assets and their interrelationships. These solutions are used for purposes including risk mitigation, due diligence, fraud detection and prevention, regulatory compliance, and customer acquisition. Our intelligent platform, CORE™, is purpose-built for the enterprise, yet flexible enough for organizations of all sizes, bringing clarity to massive datasets by transforming data into intelligence. Our solutions are used today to enable frictionless commerce, to ensure safety, and to reduce fraud and the concomitant expense borne by society.
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Real Estate Investment, Asset Management
PRnewswire | July 24, 2023
Juniper Square, the leading provider of partnership enablement for the private funds industry, today announced an exclusive partnership with Pereview, the only Life of The Asset® software platform supporting both equity and debt for real estate investments. By connecting Pereview's in-depth asset data to Juniper Square, joint clients can seamlessly share both asset-level and portfolio insights to improve fundraising efficiency and provide LPs with greater transparency.
"Juniper Square and Pereview's combined offering provides a best-of-breed solution for fundraising and investor relations teams within leading GP organizations," says Matt Lawson, CMO at Juniper Square. "Until now, these groups have had to compile data from countless different sources just to get a comprehensive and clear picture of their investments. Our partnership with Pereview will change the status quo, allowing GPs to get a comprehensive and clear picture of their CRE assets and deliver it seamlessly to LPs through Juniper Square's partnership enablement platform."
As a slower adopter of digital technologies, the commercial real estate industry has finally reached a tipping point. With Juniper Square's roots in investment management and Pereview's expertise in providing detailed reporting across the entire investment lifecycle from acquisition to disposition, these complementary strengths address the ever-growing need for timely, in-depth reporting. All data in the capital stack, from the investor to the fund to the investment to the portfolio to the asset to the property to the lease will be readily available for mutual clients.
"Our partnership with Juniper Square provides a best-of-breed, full-stack solution for the marketplace with a custom integration built exclusively for our current and future mutual clients," said Daryl Pitts, senior vice president of global sales for Pereview. "Where Juniper Square is strong in the processes around raising the fund and investor relations, Pereview provides complementary strengths in comprehensive, globally compliant data aggregation and reporting to equip asset, portfolio, and fund management professionals with the 360 view they need to make data-driven decisions."
"The combination of Pereview and Juniper Square provides complete coverage for all of our needs," said Dalfen Chief Investment Officer Max Gagliardi. "From the start of fundraising to investor reporting, from portfolio analysis to strategy at the asset level, all the way down to industry exposure and lease clauses—all of our data, across the entire investment lifecycle is supported. We now spend more time doing deeper investment analysis allowing us to drive value creation across our portfolio versus spending time updating many Excel files to answer the same set of questions over and over again. Pereview and Juniper Square have been a game changer for us. We've been able to support the growth of our platform and materially increase portfolio analytics capacity without having to grow the team significantly."
In addition to Dalfen, existing mutual customers between Juniper Square and Pereview include PCCP, Ryan Companies, Rockwood Capital, Singerman Real Estate, and many more.
About Juniper Square
Juniper Square is the leader in partnership enablement for the private funds industry, offering a universal system for GPs and their LPs to seamlessly connect and communicate across every stage of their partnerships. Juniper Square empowers investment managers to accelerate fundraising, scale operations efficiently, and improve investor satisfaction. More than 1,800 GPs rely on Juniper Square to manage more than 32,000 investment entities that span over 500,000 LPs and $700 billion in investor equity.
About Pereview
Pereview is the leading provider of asset management software and portfolio analytics to the global real estate industry. Agnostic to OP platforms and preferred by LP's, GP's, Institutional Investors, Owners and Managers, Pereview is built by real estate professionals for real estate professionals. By aggregating, integrating and interpreting your internal and external disparate data into the industry's only all-in-one platform, Pereview provides actionable insights into every step of the investment lifecycle. Drive NOI, break down silos and make stronger, more accurate decisions based on your accurate and governed data. With all of your transactions, asset, and portfolio management data in one place across both equity and debt investments, a Pereview client has full visibility into The Life of The Asset®. With both out of the box and customization options, we help clients make more trusted decisions and Do More With Your Data®.
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