Housing health and safety standards in the PRS being modernised

The Housing Health Safety Rating System (HHSRS) used to assess health and safety in residential properties it to be reformed to make it more accessible for landlords and tenants. The Ministry of Housing, Communities and Local Government (MHCLG) said the system will be simpler, making it easier for the sector to understand the hazards that could put tenants’ health at risk. Action can be taken against landlords if they do not meet the standards and the changes are a result of a consultation that looked at three options. The result is that the HHSRS will be improved, clarified, and modernized and correct what has been perceived as a disconnect between the HHSRS and other legislative standards. The standards will be enforced by local authorities. ‘The Government will proceed with option two as this will make the system easier to understand for landlords and tenants, correct the disconnect between the HHSRS and other legislative standards, and facilitate the effective enforcement of housing standards by local authorities. It is also the most cost-effective option,’ said a spokesperson for the MHCLG.

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RentSpree Achieves Highest Cybersecurity Compliance

PR Newswire | January 10, 2024

RentSpree, the industry's premier end-to-end rental management software provider, announced it achieved System and Organization Controls (SOC) 2 Type II compliance, demonstrating RentSpree's commitment to data security and adherence to industry-leading information security policies and practices. Acknowledged as the leading data security standard for SaaS providers, SOC 2 Type II compliance involves a rigorous process, ensuring that a company securely manages data, safeguarding both the organization and the privacy of its customers. Developed by the American Institute of Certified Public Accountants, the SOC 2 Type II audit provides a report on the examination of a company's controls related to security, availability, processing integrity, confidentiality and privacy. RentSpree's audit report was issued with a "clean" audit opinion from national audit firm Sensiba LLP. "This achievement is huge for us and was a top priority this past year as the integrity of our systems and the policies and practices we have in place to protect sensitive information is integral in today's marketplace," said Michael Lucarelli, CEO and Co-Founder, RentSpree. RentSpree offers rental software solutions such as tenant screening, online applications, document automation, e-signatures, denial and approval communications, and property landing pages. RentSpree has also added renter services capabilities including rent payment reporting. "While we've consistently prioritized the security of our platform, having this affirmation from a nationally-recognized third-party auditor adds further validation that we are implementing the necessary measures to safeguard our systems and users," said Jonathan Holland, Chief Technology Officer, RentSpree. In addition to auditor Sensiba LLP, RentSpree utilized Drata, the leading compliance automation platform, to streamline its compliance efforts and continuously monitor its security controls. About RentSpree Los Angeles-based RentSpree is a provider of award-winning rental software that helps seamlessly connect real estate agents, owners, and renters to simplify and automate the entire rental process, from listing to lease. The all-in-one platform is known across all 50 states for its easy and secure interface and suite of rental tools, including tenant screening, rent payments, marketing and renter management. To date, RentSpree has partnered with more than 300 of the most influential MLSs, real estate associations and brokerages to serve over two million users in the U.S. RentSpree has been ranked on Inc. 5000's fastest-growing private companies in 2022 and 2023.

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RealINSIGHT Launches New Loan Servicing and Asset Advisory Modules to Provide One Stop Shop for CRE Loans

PR Newswire | January 09, 2024

RealINSIGHT, a leading Software-as-a-Service provider for commercial real estate (CRE) lenders, investors and servicers, today announced the launch of both its RealINSIGHT Servicing Module and Asset Advisory services via its new subsidiary, RealINSIGHT Advisors LLC. The RealINSIGHT Servicing Module provides for automated collections and disbursements, a portal for seamless collaboration between lenders and borrowers, and granular detail on the accruals process for better loan management and tracking. The module is modernizing the relationship between lenders and borrowers providing unprecedented automation and transparency in the loan servicing process. The Asset Advisory offering will allow RealINSIGHT clients to make smarter decisions faster through a holistic approach that aligns with the unique characteristics of the loan lifecycle, ensuring that investors and lenders are well-informed and well-supported throughout the life of the loan. By leveraging the experience and guidance of experienced asset management professionals and thorough analysis of each property's potential, market conditions and risks, stakeholders can better make informed lending and investment decisions. RealINSIGHT Advisors will be offering a wide variety of services to support servicing, monitoring, borrower requests/consents, problem resolution and detailed reporting. Advisors will utilize the loan servicing module to guide clients through the highly detailed loan management and tracking technology, ensuring unlimited visibility into the loan data provided on the platform. "We have created a platform that is technology forward and made for the modern age, and we are excited to be launching our asset advisory service and loan servicing module. Our cutting-edge technology is designed to let RealINSIGHT customers make the most of their commercial real estate investments, increasing the potential for success and profitability in a dynamic market environment," said Dave Iannarone, CEO of RealINSIGHT and RealINSIGHT Advisors. "By integrating RealINSIGHT's state of the art technology and RealINSIGHT Advisors' asset management expertise, we are taking another tremendous step toward providing the best possible service at any part of the loan lifecycle." Available to all RealINSIGHT customers, the business-process-as-a-service will amplify existing asset management with customized recommendations, analysis and unprecedented automation. The service was first offered to RealINSIGHT customers in October. About RealINSIGHT RealINSIGHT, a software solution built by commercial real estate debt industry experts, is the only choice that commercial real estate lenders, investors, and servicers value and trust. Implemented by some of the most active lenders and largest financial service firms in the world – including its affiliate company CWCapital – RealINSIGHT provides CRE professionals with a modern cloud-based platform designed to streamline workflows and effectively deliver full lifecycle support, from loan origination, securitization and underwriting to surveillance, asset management and dispositions. RealINSIGHT is headquartered in Washington, D.C., with offices in Dallas, Texas and New York. About RealINSIGHT Advisors LLC RealINSIGHT Advisors is a commercial real estate debt asset management firm. It is a wholly owned subsidiary of RealINSIGHT specializing in delivering service via the RealINSIGHT SaaS offering.

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Cushman & Wakefield Collaborates with Microsoft to Enhance AI Technology Platform

Business Wire | January 25, 2024

Cushman & Wakefield, a global leader in real estate services, today announced the firm is working with Microsoft to deploy an advanced suite of artificial intelligence (AI) solutions. “We are committed to seamlessly integrating our people with the right technology and processes to enhance service offerings to our clients. Today’s launch of the use of Microsoft Azure OpenAI Service and Copilot for Microsoft 365 at Cushman & Wakefield again demonstrates our ability to pair robust technologies with market intelligence and expertise,” said Salumeh Companieh, Chief Information & Data Officer, Cushman & Wakefield. Since 2018, Cushman & Wakefield has been focused on aligning business, data, and operations. Results to date range from an 80% material reduction in operational cycle time, to a reduction of client supply chain costs via proprietary supply chain network optimization capabilities. Azure OpenAI Service Azure OpenAI Service is a cloud-based generative AI solution that offers customers a range of capabilities, including access to cutting-edge AI models, backed by the power of Azure. With Azure OpenAI Service, Cushman & Wakefield can benefit from the power of cloud computing, data analytics, and artificial intelligence to deliver innovative solutions for its clients and stakeholders. Azure OpenAI Service enables Cushman & Wakefield to create custom copilots that can enhance customer experience, improve operational efficiency, and increase competitive advantage. The platform enables developers to build, deploy, and manage AI solutions for various scenarios and domains. Some of the features of Azure OpenAI Service include machine learning, cognitive services, bot framework, computer vision, natural language processing, speech recognition and more. Microsoft Technology Centers Microsoft Technology Centers are facilities that provide immersive experiences and deep technical engagements in 50+ locations around the world. Microsoft Technology Center architects collaborate with academic, industry, and government partners to advance the state of the art in AI and create positive impact for society. The Microsoft Technology Center is providing Cushman & Wakefield with access to cutting-edge research, tools, and top specialists from Microsoft and its partners to develop powerful and adaptable applications that use AI features. It is also providing insight into various areas and problems that need AI solutions, with learning and improvement through feedback and advice. Copilot for Microsoft 365 Copilot for Microsoft 365 brings the power of next-generation AI, grounded in the user and company’s data, to Microsoft’s workplace productivity tools like Teams and Outlook and Word. It works alongside users to provide suggestions, summaries, generate, analyze and explore content and data across documents, presentations, spreadsheets, notes, chats, email, meetings, and more. Ensuring the safety and security of interactions with Generative AI is a crucial value driver for Cushman & Wakefield. Copilot for Microsoft 365 offers a high level of security for how the firm leverages GPT models, providing confidence that data is not exposed for training and does not leave the company’s ecosystem, thus safeguarding confidential information. “With this next generation of AI, we have a unique opportunity to accelerate innovation at Cushman & Wakefield and across commercial real estate,” said Laura Craig, General Manager, Data & AI, Microsoft. “We’re collaborating with Cushman & Wakefield to bring together AI advances that benefit from Microsoft Azure OpenAI Service and Copilot for Microsoft 365 to empower the firm’s professionals with new, AI-powered tools.” About Cushman & Wakefield Cushman & Wakefield is a leading global commercial real estate services firm for property owners and occupiers with approximately 52,000 employees in approximately 400 offices and 60 countries. In 2022, the firm reported revenue of $10.1 billion across its core services of property, facilities and project management, leasing, capital markets, and valuation and other services. It also receives numerous industry and business accolades for its award-winning culture and commitment to Diversity, Equity and Inclusion (DEI), Environmental, Social and Governance (ESG) and more.

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Nestfully Announces Strategic Collaboration with Local Logic to Enhance Real Estate Search Experience

PR Newswire | January 09, 2024

Nestfully, an innovative public search portal in the real estate industry powered by some of the country's largest MLSs, today announced a collaboration with Local Logic, a leading location intelligence software provider. Local Logic's advanced location and demographic insights are now directly integrated into Nestfully's platform, enhancing the home search experience for both consumers and real estate professionals. Nestfully connects consumers directly with the most accurate and up-to-date listing information from the MLS and is elevating its service offerings by integrating two of Local Logic's flagship products - Local Content and Local Demographics. These additions will empower homebuyers with deeper insights into potential properties, covering aspects such as neighborhood characteristics, local services, transportation options, and detailed demographic data. "Our collaboration with Local Logic marks a milestone for Nestfully," said Amit Kulkarni, Bright MLS Chief Marketing Officer. "Integrating Local Logic's advanced location and demographic insights directly into Nestfully introduces new value to agents and homebuyers and brings them a new innovative tool that enhances the homebuying search." Local Logic's Local Content product offers 18 distinct location scores across services, transportation, and character, along with details on nearby points of interest and school data. This user-friendly and customizable interface ensures brand consistency while enriching the user's understanding of a home's lifestyle and location characteristics. Local Demographics provides a comprehensive view of neighborhood dynamics, including income, employment statistics, population demographics, education levels, housing data, and more. This feature is designed for fast implementation and consistent site design, allowing real estate companies to focus on their core business while offering valuable insights to modern home seekers. "Nestfully's innovative approach to real estate search aligns seamlessly with our mission at Local Logic," said Vincent-Charles Hodder, Co-founder and CEO of Local Logic. "By infusing our comprehensive location intelligence into their platform, we're not just enhancing the homebuying experience; we're reshaping it. This partnership reinforces our position as the go-to provider of neighborhood insights, benefiting both real estate professionals and homebuyers." About Nestfully Nestfully delivers millions of residential property listings and a wealth of information to home buyers and sellers from the definitive source used by real estate pros – the MLS. Consumers get access – at no charge – to a search experience that has no advertisements, just home listings and seamless connection to local agents and brokers who know the properties and markets the best. Nestfully was designed, engineered and launched by several of the nation's leading MLSs including California Regional MLS and Bright MLS, with REcolorado, BeachesMLS and Miami REALTORS® as participants. About Local Logic Local Logic is a location intelligence platform that digitizes the built world for consumers, investors, developers, and governments – delivering unrivaled clarity and actionable insights capable of creating more sustainable, equitable cities. With more than 85 billion unique data points – the largest unique location data set in the U.S. and Canada – the platform creates a digital twin of cities, quantifying the built world and offering predictive, precise analytics to inform the present and future of over 250 million individual addresses.

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