Landlords urged to take part in survey on future of repossession rights

Residential Landlords Association | April 24, 2019

Landlords in England and Wales are being given the opportunity to shape their rights to repossess properties in a major newly launched survey. As the Government commits to consulting on the end of Section 21 repossessions, the Residential Landlords Association (RLA) is arguing strongly that landlords need to be confident that they can swiftly and easily repossess a property for legitimate reasons such as tenant rent arrears, anti-social behaviour and wanting to sell the property. Ahead of the Government’s consultation, the RLA is giving the landlord community the opportunity to shape the future direction of the sector as it faces some of the biggest changes it has seen for decades.

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REAL ESTATE TECHNOLOGY

SkySlope Launches Breeze to Make Oregon Disclosures Fast and Effortless

SkySlope | June 03, 2022

SkySlope, the leader in real estate transaction software, has launched Breeze, an all-around simple and streamlined application making Oregon Real Estate Forms (OREF) disclosures easy for Oregon agents and sellers to complete. Since 2011, SkySlope has enabled brokers, agents, auditors, and transaction coordinators to track their deals while remaining compliant. Equipped with forms and a digital signature tool, SkySlope provides a frictionless workflow that saves time for agents. As the transaction management platform serving 35 percent of the top 20 largest brokerages in the U.S. and Canada, SkySlope is known for its award-winning customer experience. With the launch of Breeze, SkySlope gives agents the ability to prepare and send disclosures like the Oregon's Seller's Property Disclosure Statement (Form 020) at lightning speed. Breeze requires minimal preparation for agents to prepare and send disclosures to their clients in minutes, from anywhere. For home sellers, Breeze's TurboTax-style workflow helps simplify complicated and confusing disclosure forms—getting them completed quickly and with more confidence and accuracy. Breeze Features Streamlined disclosure preparation equipped with MLS data sync Status visibility, notifications, and easy revision requests Simple guided workflows with helpful tips for consumers Equipped with SkySlope DigiSign for free and unlimited digital signatures Seamlessly integrated with SkySlope's suite of products "Breeze is truly a one-stop-shop for faster disclosures," says Diana Costas of Golden Gate Sotheby's International Realty. "The guided workflow helps clients complete disclosures quickly and accurately and our agents can easily prepare disclosures, request signatures, and submit forms for compliance review." Disclosures are a common pain point for both agents and sellers. We're excited to launch a solution that takes a complicated process and makes it effortless for REALTORS® and home sellers." Tyler Smith,SkySlope CEO About SkySlope Established in 2011, SkySlope is a comprehensive transaction management platform for brokers, agents, auditors, and transaction coordinators to manage real estate transactions from anywhere at any time. In 2021, over 300,000 users across 8,000 offices used SkySlope to manage 2.25M transactions. SkySlope provides digital transaction management and services to help agents and brokers be more efficient and compliant. From automation to integrations, SkySlope's vision is to keep agents and brokers connected to the customer forever.

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REAL ESTATE INVESTMENT

MWest Holdings Acquires Newly Constructed Class-A Long Beach Apartment Community

MWest Holdings | February 28, 2022

MWest Holdings, a Los Angeles-based real estate company with over 2 million square feet of residential and commercial property across the U.S., announced today that it has acquired 442 Residences, a five-story, 94-unit multifamily asset in Downtown Long Beach. We are thrilled to expand our California portfolio in the Long Beach submarket. With a prominent location in a growing metropolitan market, nearby business centers, and public transportation, 442 Residences provides quality housing for this dynamic area. It also has abundant outdoor amenity spaces and refined interiors that are attractive to residents of the community." Karl Slovin, President of MWest Holdings. Built in 2019, 442 Residences is comprised of studio, one- and two-bedroom loft-style units ranging from 524 to 1,043 square feet, with 9'9" to 11'1" ceiling heights, oversize balconies and wrap-around outdoor terraces, designer kitchens, washer and dryers, keyless entry doors, and smart thermostats. Residents have access to an array of high-end amenities including an ocean view roof deck, outdoor movie lounge, a hotel-inspired lobby, outdoor yoga and cardio areas, a state-of-the-art fitness studio, secure underground parking with EV charging stations, and an onsite bike share and e-scooter hub. Located in the center of Downtown Long Beach, 442 Residences is well-positioned in a walkable neighborhood with a variety of nearby shopping and dining options, and a thriving area for business. It is directly across from the new Long Beach Civic Center, home of City Hall, Port of Long Beach headquarters, and the Main Library. About MWest Holdings. MWest Holdings is an experienced real estate company with over 2 million square feet of residential and commercial property across the United States. Founded in 1991, MWest is known for creating innovative development solutions that instill a sense of neighborhood and integrity and create a lasting, tangible value. As a highly successful and stable owner of real estate, MWest has continually employed sound business practices, low leverage, and stringent underwriting guidelines for each investment opportunity. The company's success is anchored in a philosophy that imagination is the only limiting factor to growth.

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REAL ESTATE TECHNOLOGY

National Real Estate Firm Evernest Acquires Kansas City Property Management Business

Evernest | April 29, 2022

Evernest, a national, full-service real estate and property management firm, announced that they have acquired the property management portion of Kansas City-based Hunter Properties. The acquisition represents Evernest's foray into the Kansas City market, complimenting the 16 other real estate markets already served by the firm. The combination of Hunter Properties' local property management footprint in Kansas City, along with our full-service real estate offerings, will ensure an ideal experience for their current clients and allow us to build something special in the Kansas City market. Owners, residents, and investors will continue to receive the high-quality care they have come to expect, but now with Evernest's touch." Matthew Whitaker, Evernest Founder and CEO "Evernest's commitment to client care is one of the primary reasons for this deal," said Hunter Properties owner, Robin Hunter. "I have confidence in their ability to serve my valued clients and, as I'm retaining the real estate side of my business, I'm now able to focus primarily on buying and selling homes for my clients." Hunter Properties is the 18th organization purchased by Evernest. "Our goal is to find best-in-class property management providers who are ready to exit the industry. We take the legacy they've built and infuse it with our distinctive culture, including a national brand, in-house brokerage services, and in-house underwriting." In other words, this acquisition also opens the door for real estate investors looking to break into Kansas City. "As Evernest moves into KC, we're excited to help residents, owners, and investors achieve their real estate goals, whatever those may be," said Whitaker. AboutEvernest Evernest is based in Birmingham, Alabama, and operates in 17 real estate markets across the country. It is one of the nation's largest single-family and small multi-family investment brokers and property management providers. The firm manages more than 6,500 homes for over 3,000 owners, brokers more than 700 investment deals annually, and has made the Inc5000 list five of the last six years.

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REAL ESTATE INVESTMENT

Hamilton Zanze Sells Multifamily Community in Las Vegas Metro

Hamilton Zanze | June 14, 2022

San Francisco-based real estate investment firm Hamilton Zanze is pleased to announce the sale of Miro at the Parc apartment community located in the desirable Henderson/Green Valley submarket of Las Vegas, Nevada. The firm purchased the property in 2014 and the sale closed on May 25, 2022. Newmark's Doug Schuster represented the sellers at acquisition and disposition. During their ownership, Hamilton Zanze completed numerous exterior and landscaping improvements, and several amenity upgrades as well. Las Vegas continues to be a solid market with strong population and job growth. Miro at the Parc represents the 10th Las Vegas property sale for Hamilton Zanze. We were ahead of schedule with our business plan and returns well-exceeded our initial expectations. It is great to deliver this win to our investors." Anthony Ly, senior director of dispositions at Hamilton Zanze Miro at the Parc was built in 2013 and is located at 1651 American Pacific Drive in Henderson. The property comprises 164 one- and two-bedroom units averaging 1,043 square feet. The community has a 5,000-square-foot clubhouse with TV rooms, pool tables, shuffleboard, arcade games, and a 24-hour fitness center. The property also has a pool with a beach area, fire pits, showers, and an infinity hot tub. Miro at the Parc is in the Henderson/Green Valley submarket of the Las Vegas metro area, one of the most affluent submarkets in the market. The property is conveniently located close to two major freeways, I-515 and I-215, which provide easy access to downtown Las Vegas. Additionally, the property is located just a 20-minute drive west of the Las Vegas Strip, which provides entertainment, shopping, and dining for residents. About Hamilton Zanze Hamilton Zanze (HZ) is a private, San Francisco-based real estate investment company that owns and operates apartment communities. Since its founding in 2001, Hamilton Zanze has acquired over $5.9 billion in multifamily assets primarily in the Western, Southwestern, and Eastern U.S. The company currently owns and operates 132 properties (22,821 units) across 17 states and 30 markets.

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