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.
Read More
Home and Design
EasyKnock | August 17, 2023
Ribbon, powered by EasyKnock, announces today that RibbonCash – its pioneering cash offer solution – has relaunched in Atlanta and Charlotte.
As one of the pioneers of powerbuying solutions, Ribbon has considered Atlanta and Charlotte as its historical home base, driving the company’s success since its founding in 2017. Ribbon’s product reached around 2 percent of the overall closings in the Atlanta market in 2022, an achievement indicative of the appetite for homeownership.
“The EasyKnock and Ribbon teams could not be more excited to announce the return of RibbonCash to Charlotte and Atlanta,” said Jarred Kessler, CEO of EasyKnock. The Southeast in general remains competitive according to Bankrate’s Housing Heat Index. According to the index, despite price declines elsewhere in the United States, the Southeast has held steady due to comparatively affordable prices. Ribbon aims to tap into this reality for everyday homebuyers who seek ways to achieve homeownership for themselves or their family.
“We believe the Southeast maintains a culture of homeownership that withstands shifts in the market. Mortgage rates and inventory may ebb and flow, but achieving homeownership - and seeking the leading tools to compete - has not,” Kessler said.
“We continue to be bullish on Atlanta, Charlotte, and the Southeast overall.” By working with real estate agents and loan officers, and not competing with them as a direct-to-consumer offering like iBuyers, Ribbon sustains its reputation for empowering the real estate ecosystem.
EasyKnock acquired the assets of Ribbon in 2023. Both EasyKnock and Ribbon have forged strong partnerships in residential real estate by using best-in–class technology that connects consumers with loan officers, real estate agents, and other participants in the homebuying and home selling experience.
Together, Ribbon and EasyKnock are ushering in a new chapter for the real estate industry, creating a one-stop shop for financial solutions that serve homeowners, buyers, and sellers across the country.
About EasyKnock
EasyKnock is the first-to-market, technology-enabled residential sale-leaseback company in the U.S. Through innovative and accessible solutions, American homeowners who sell their property to EasyKnock can remain in their homes as renters while still getting the cash they need to pursue their financial goals. Headquartered in New York City and founded in 2016, EasyKnock has team members nationwide working to help homeowners unlock their financial freedom through non-loan programs so they can pay off debts, buy their dream home, fund a venture, and more - all while maintaining the ability to stay in their homes and communities. In 2023, EasyKnock acquired the assets of Ribbon Home and continues to offer Ribbon products to customers.
Read More
Real Estate Investment
PRnewswire | August 08, 2023
Modwell, the design technology company transforming how the $4 trillion dollar global realty market buys, sells and lists properties, and Christie's International Real Estate, today announced a first-of-its kind partnership that will provide top agents of the world's leading high-value real estate brand with access to its game-changing suite of real estate listings solutions.
The partnership between the two companies will give 50 of Christie's International Real Estate's Masters Circle agents – the highest grossing agents across the brand's U.S. network – the ability to leverage Modwell's proprietary and patented tech-based design platform in order to showcase home listings in an unprecedented, modernized fashion, drive sales and help future buyers envision the full potential of any home, apartment or property lot. The Modwell infrastructure is even flexible enough to accommodate developer-ready parcels.
Specifically, these Christie's International Real Estate Masters Circle agents, representing 39 luxury markets across at least 15 states, will be able to access Modwell's suite of solutions including:
Enhanced Listings. Which takes an existing property and applies 3D scanning and modeling technology in order to reimagine and fully realize the untapped design potential of any property's interior and exterior. From there, agents will be able to share design exhibits via their own user profile directly to their network of clients in order to sell more, faster.
Next Gen 3D Showrooms. Modwell's virtual "warehouse" that curates a highly individual aggregated listings experience for real-estate professionals and their organizations. These digital showrooms are designed so that agents can showcase featured properties and attach their personal showrooms to Modwell's larger Masterbrand Showroom.
Consumer Home Vaults. Created to supercharge referrals (which make up 82% of agent revenues in the U.S.), this interactive solution gives agents an opportunity to maintain more meaningful relationships with their clients over the lifetime of their home ownership. Clients are invited onto Modwell's platform in order to fully document their home by uploading their surveys, floor plans, 3D models and more into a purpose-built design hub.
"We're thrilled to be able to work with an esteemed brand like Christie's International Real Estate. Technology has enabled consumers to change how they live their lives – from how they communicate, to what, when and how they connect with content, to how they purchase goods and services. While home buying should be no different, and 97% of consumers use online tools when buying a home, listings have remained legacy based. Modwell is changing that paradigm through advanced technology and we're excited that Christie's International Real Estate's top agents will be able to leverage our platform in a way we think will help them sell more," said Jonathan Reisman, Co-Founder, Modwell.
"Christie's International Real Estate has a rich and storied history as a market leader and a lot of that has to do with continually giving our agents innovative ways to engage with potential clients. Our program with Modwell continues that high standard and we're excited to get their technology into the hands of our top agents in order to drive a more efficient and interactive process," said Thad Wong, co-CEO of Christie's International Real Estate.
In under a year, Modwell has disrupted an industry stuck in legacy models, creating the highest fidelity 3D technology to power a better overall real estate experience for both buyers and sellers across a varied array of industry verticals and segments.
The company was selected for the prestigious Moderne Ventures' Passport Program, a six-month industry immersion program that catalyzes the growth of its companies by offering its participants education, mentorship, and pilot opportunities with new customers via access and exposure to Moderne's Network of real estate – and real estate adjacent – industry leaders. The program is highly selective with the Moderne Ventures team evaluating over 4,500 companies a year, but selecting on average 6 to 10 companies per class. In February, the company's technology was prominently featured in the Bravo hit "Million Dollar Listings'' and, more recently, it provided the technology behind a prominent Robb Report listing and article.
About Christie's International Real Estate
Christie's International Real Estate has successfully marketed high-value real estate around the world for more than 30 years. Through its invitation-only Affiliate network spanning nearly 50 countries and territories, Christie's International Real Estate offers incomparable services to a global clientele at the luxury end of the residential property market.
About Modwell
Modwell is a design tech company whose first-of-its-kind collaborative platform and tools empower agents and buyers to modernize their real estate experience. While other industries have evolved to match our 21st century lifestyles and preferences, real estate has stayed relatively the same. Modwell was founded in 2020 by architecture and marketing veterans who not only set out to close that gap but who have a clear vision for where real estate is going as the world embraces virtual realities.
Read More
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.
Read More